Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. The Mesa, Arizona-based company listed estimated assets and liabilities as much as $100 million each, according to a filing in the U.S. Bankruptcy Court for Delaware. RCP Credit Opportunities Fund is listed as the largest unsecured creditor in the AmeriFirst Chapter 11 case — with a claim of $17.9 million, court pleading

Mortgage 370

Mortgage Retail Business Lending 370

Sacramento Appraisal Blog

AUGUST 23, 2023

Rates have gone up, but have they sucked all the demand out of the market? Nope. Let’s talk about that today by looking at a few stats. Also, someone asked if the stock market is connected to the housing market, so l made a cool graph. I have a few thoughts on insurance in California […] The post Higher rates, insurance, & the stock market vs real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Real Estate 269

Real Estate Insurance Marketing Housing Market 269

Real Estate News

AUGUST 22, 2023

Starting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%.

Agents 246

Agents 246

George Dell

AUGUST 23, 2023

Scope of Work is required in legacy appraisal practice. Data Science (and Evidence Based Valuation) are more based on principles of good science. Editor’s Note: This is Standards, part 3.11 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. To sum up, the goal of traditional […] The post Scope or Hypothesis?

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Valuation Appraisal 195

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

AUGUST 21, 2023

Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. This is the same pattern as we talked about last week. The first half of the year had surprisingly resilient sales, but that is slowing again.

Inventory 369

Inventory Contracts Buyers Sellers 369

Real Estate News

AUGUST 19, 2023

More than 4,000 eXp Realty agents in 12 markets will be helped by NorthstarMLS, which has offered to assist other major companies as well.

Agents 246

Agents Realty Marketing 246

Inman

AUGUST 23, 2023

The Kossev Group founder Katie Kossev will be responsible for helping Side's 60 Texas partners grow their businesses through hands-on coaching and support, the company said.

Business 148

Business Real Estate Brokerage 148

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Purchase application data didn’t budge much on the week-to-week data. Weekly active listings rose by only 4,401. Mortgage rates went from 7.19%% to 7.37%. Purchase apps were flat week to week.

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Inventory Mortgage New Listings Sellers 366

Eyes on Housing

AUGUST 21, 2023

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower. According to second quarter 2023 data.

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146

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Real Estate

Real Estate News

AUGUST 23, 2023

Chris Speicher feels "numb" in the wake of devastating wildfires but is committed to helping the community rebuild — in the right way.

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246

Inman

AUGUST 23, 2023

The franchisor will drastically slash profit share for "vested KW agents who actively compete with our brokerages" unless they return within six months, Keller Williams President Marc King said Tuesday.

Agents 148

Agents Brokerage Realty 148

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. For many, there is worry that the Fed may overtighten on the monetary front and lead to economic damage,” said George Ratiu, chief economist at Keeping Current Matters.

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

Eyes on Housing

AUGUST 24, 2023

The residential remodeling market has grown rapidly in the past few years, mainly fueled by changes in housing and lifestyle decisions during the pandemic period. According to National Income and Product Accounts (NIPA), expenditures for residential home improvements soared 13% to $328 billion in 2021, from $289 billion in 2020. This marks the largest gain since 1993 (16% increase).

Home Improvement 136

Home Improvement Marketing Construction 136

Real Estate News

AUGUST 24, 2023

The company said the new program, initially launching in Phoenix, will help ease one of the biggest barriers to entry for buying a home.

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237

Inman

AUGUST 22, 2023

As the luxury brokerage continues to expand its Midwestern presence, it has strategically moved into Kentucky with Managing Partner Jason Farabee leading the new office, according to the company.

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Brokerage Realty 148

Housing Wire

AUGUST 21, 2023

Denver -based real estate giant RE/MAX announced that it was laying off 7% of its staff on Friday. According to the company’s filing with the Securities and Exchange Commission , layoffs were part of a reorganization, which RE/MAX said is “intended to streamline the Company’s operations and yield cost savings over the long term.” The filing stated that RE/MAX expects the reorganization to be substantially complete by the end of the quarter.

Real Estate 364

Real Estate Agents Design Technology 364

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts.

Construction 132

Construction Development 132

Real Estate News

AUGUST 20, 2023

Red Oak Realty CEO Vanessa Bergmark has clear goals for growth — and for finding and keeping great agents, no matter the market.

Agents 234

Agents Business Realty Marketing 234

Inman

AUGUST 21, 2023

When it comes to finding a house to call home and securing a mortgage, the overwhelming number of options, lack of communication and never-ending paperwork can leave even the most experienced agents frustrated and homebuyers feeling discouraged.

Agents 148

Agents Mortgage 148

Housing Wire

AUGUST 25, 2023

Zillow ‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. The 2% portion of the down payment will be paid during closing and not as a payment to the borrower. “For those who can afford higher rent payments but have been held

Mortgage 363

Mortgage Buyers Agents Business 363

Eyes on Housing

AUGUST 23, 2023

Low existing inventory and solid demand more than offset rising mortgage rates and elevated construction costs to boost new home sales last month. Sales of newly built, single-family homes in July increased 4.4% to a 714,000 seasonally adjusted annual rate from a downwardly revised reading in June, according to newly released data by the U.S. Department of Housing and Urban.

Construction 129

Construction Inventory Mortgage 129

Real Estate News

AUGUST 22, 2023

Researchers from Zillow, Freddie Mac, and Goldman Sachs all issued revised, rising 2023 home value and price forecasts in the past week.

Home Value 228

Home Value 228

Inman

AUGUST 21, 2023

We’re in an era where cutting-edge intelligent home features and functions are demanded by many luxury property buyers.

Luxury Properties 147

Luxury Properties Buyers 147

Housing Wire

AUGUST 24, 2023

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. The company went public after merging with the special purpose acquisition company (SPAC) Aurora Acquisition Corp. the prior day. Better’s class A common stock, listed under the ticker “BETR,” declined to $1.15 at the closing on Thursday.

Insurance 363

Insurance Mortgage Realtors Business 363

Realtor

AUGUST 24, 2023

Photo-Illustration by Realtor.com; Source: Getty Images We all get a thrill when a home near ours sells for a nice juicy price, and we think maybe that’s what our property is worth, too. But the truth is, what determines property value isn’t always a one-size-fits-all number. Instead, property value is determined by everything from the year your home was built to its proximity to transportation to the number of bedrooms.

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Sellers Appraisal Buyers Transportation 123

Real Estate News

AUGUST 21, 2023

An update to FTC rules could impact a broad range of real estate professionals — with stiff fines for noncompliance.

Brokerage 218

Brokerage Real Estate 218

Inman

AUGUST 24, 2023

Beloved Keller Williams Moorestown agent Rob Montalbano died in a Lake Travis boating accident on Aug. 13. His brokerage and community have rallied to raise more than $68,000 for funeral costs.

Agents 147

Agents Brokerage 147

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. Today, the U.S. Census and Department of Housing and Urban Development reported that new home sales grew faster than anticipated as the builders who are efficient are finding ways to sell homes in this higher mortgage rate environment.

Mortgage 362

Mortgage Inventory Construction Sellers 362

Eyes on Housing

AUGUST 21, 2023

Between 2021 and 2022, the state of Georgia gained 124,827 residents. This was the fourth largest population gain in the U.S. and one of only four states to have a nominal population increase above 100,000. In percentage terms, Georgia’s population grew at 1.2% between this time. This was the state’s highest percentage increase in population since 2016.

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Marketing 116

Real Estate News

AUGUST 21, 2023

In an SEC filing, the company said the layoffs are part of a reorganization that will “yield cost savings in the long term.

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Inman

AUGUST 23, 2023

MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing.

Mortgage 147

Mortgage Marketing 147

Housing Wire

AUGUST 22, 2023

Prospective homebuyers face an obstacle course of challenges – from financing to logistics – once they make the decision to purchase a home. This process can be even more difficult to navigate for those with limited financial resources, first-time homebuyers , and minority borrowers, especially in today’s competitive real estate environment in which prices are high, homes sell fast, and supply is at an all-time low.

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Logistics Insurance Real Estate Law 361