Housing Wire

NOVEMBER 13, 2023

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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Legal Law Contracts Technology 544

Sacramento Appraisal Blog

NOVEMBER 15, 2023

The housing market feels like leftovers right now. It’s that time of year where we see less new listings due to sellers hibernating for the holidays, and some of the existing inventory just feels as stale as Aunt Tina’s green bean casserole that nobody wants to see during Thanksgiving. Wait, did I say that out […] The post The housing market feels like leftovers first appeared on Sacramento Appraisal Blog.

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Real Estate News

NOVEMBER 14, 2023

Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.

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Brokerage Realtors 336

Inman

NOVEMBER 13, 2023

Delroy Gill doesn’t just sell homes — he builds relationships. Born and raised in London, England, he understands complex transactions and international relocation and brings world-class service and out-of-the-box thinking to every detail of real estate transactions.

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Real Estate 200

Housing Wire

NOVEMBER 17, 2023

When market players say housing leads us into a recession, it traditionally means the Federal Reserve raised rates too much, housing slowed down as a result and a job-loss recession isn’t too far off. But a funny thing happened this year for the U.S. economy: single-family permits kept rising as new home sales were showing year-over-year growth. How did this happen when mortgage rates rose from the lows earlier in the year?

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Marketing Construction Housing Market Mortgage 513

Miller Samuel

NOVEMBER 17, 2023

I got to join the gang at Bloomberg Surveillance on Tuesday morning. Always fun and smart. The focus seems to be figuring out what the exit of this era of tight housing inventory looks like and when rents will come down since inflation is tangibly falling. My journey to the city for the Bloomberg interview: catching the 5:49 am train – waiting in the green room – and working my way up the guest list to go on.

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Inman

NOVEMBER 17, 2023

Housing starts rose 1.9 percent from September to reach a seasonally adjusted annual rate of 1,372,000.

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Marketing 199

Housing Wire

NOVEMBER 14, 2023

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. 1.

Real Estate 514

Real Estate Buyers Renovations Open Houses 514

Miller Samuel

NOVEMBER 17, 2023

I joined my friend Barry Ritholtz on his new podcast, At The Money (or cleverly, ATM). Masters in Business is still going strong, but he had a new idea – create a really good personal finance-focused show. We recorded this on Tuesday – it’s currently located in the Master in Business podcast feed but will be available in its own feed everywhere on January 1.

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Finance Business Real Estate Appraisal 195

Real Estate News

NOVEMBER 15, 2023

Willis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.

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Realty 312

Inman

NOVEMBER 16, 2023

If a recession comes, writes Jimmy Burgess, keep in mind that it is not just a time of challenges but also of opportunities. Here he lays out ways to lead gen and lead nurture now.

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Business Marketing Agents 196

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? The housing inventory growth rate has decelerated for three weeks, and we were barely positive last week, with an increase of only 59 homes.

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Inventory New Listings Mortgage Retail 505

George Dell

NOVEMBER 15, 2023

EBV© (Evidence Based Valuation) is the future of professional appraisal. EBV is the best response (and advantage) to the dramatic changes in residential appraisal practice. Change in the nature of commercial/industrial valuation will follow, as it usually does. Editor’s Note: This is Standards, part 3.18 of George Dell’s series on How Do I Move to […] The post EBV© Now or Later?

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Valuation Appraisal 195

Real Estate News

NOVEMBER 11, 2023

Damian Eales talked to Real Estate News about why the industry “should be careful what some people are wishing for” and his perspective on NAR.

Buyers 306

Buyers Real Estate 306

Inman

NOVEMBER 13, 2023

Former arbitrage trader, current team leader and new Inman contributor Jen Berbas speaks to the vital due diligence role real estate professionals play for consumers, even after Sitzer et al.

Agents 197

Agents Real Estate Brokerage Marketing 197

Housing Wire

NOVEMBER 16, 2023

Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans. “The pilot will use a fee-based structure that is more efficient, transparent and rewards lenders that deliver high-quality loans,” the GSE said.

Design 488

Design Finance Mortgage 488

Eyes on Housing

NOVEMBER 15, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The index has increased 1.0%, year-to-date, marking the smallest YTD gain through October since it fell 0.1% over the first 10 months of 2019.

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Construction 187

Real Estate News

NOVEMBER 16, 2023

Tom Ferry offers advice on "choosing your hard" and building in time to work on your business.

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Business 299

Inman

NOVEMBER 16, 2023

At a forum for reps of 50 large brokerage firms, The Realty Alliance CEO Craig Cheatham asked why the nearly 1.6 million-member trade group can't use its political influence for an "existential threat.

Realty 195

Realty Brokerage Realtors Real Estate 195

Housing Wire

NOVEMBER 15, 2023

Detroit-headquartered lender Rocket Mortgage faces a class-action lawsuit for making repeated, unsolicited telephone calls, violating the Telephone Consumer Protection Act (TCPA). According to the suit filed in the U.S. District Court for the District of Arizona on Tuesday, Kellie Deits – a resident of Arizona — received a call from a Rocket Mortgage representative in April who offered her mortgage products and services she had not requested nor inquired about.

Mortgage 488

Mortgage Clients Business Legal 488

Eyes on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

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Construction Inventory Development Buyers 179

Real Estate News

NOVEMBER 14, 2023

Bright MLS CEO Brian Donnellan said the verdict could be a blow to fair housing, which “should be concerning to all of us.

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Inman

NOVEMBER 14, 2023

On Nov. 5, Phil Lang joined 50,000+ others in running the New York City Marathon and finished in 2:43, a two-minute personal best from seven years prior. Here he shares five things that he learned in getting to the top 0.5 percent of finishers.

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Development Brokerage Agents 195

Housing Wire

NOVEMBER 16, 2023

Elevated mortgage rates sank builder confidence again in November, but recent economic data suggests housing conditions will pick up in the coming months. Builder confidence dropped six points to 34 in November, the fourth consecutive monthly drop, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The data collected for the survey was submitted ahead of Tuesday’s release of the October Consumer Price Index (CPI) report from the U.S.

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Inventory Construction Housing Market Finance 487

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers. Each of the surveys produces a net easing index that is positive when credit is easing and negative when credit is tightening.

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Loan Officers Construction Finance Development 179

Real Estate News

NOVEMBER 13, 2023

NAR’s annual Profile of Home Buyers and Sellers report revealed higher down payments, as more people reported living with friends or family before purchasing.

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Sellers Buyers 299

Inman

NOVEMBER 16, 2023

Local Logic’s tool set for turning granular community data into marketing advantages for real estate agents is now part of a prominent MLS software provider’s value proposition, according to a November 14 press release.

Real Estate Agent 194

Real Estate Agent Real Estate Tools Agents 194

Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up 6% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey for October. “Home builders have been able to temper this high-rate environment by offering buyers rate buydowns and other incentives,” Joel Kan, MBA’s vice president and deputy chief e

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Mortgage Construction Inventory Buyers 482

Eyes on Housing

NOVEMBER 16, 2023

High mortgage rates that approached 8% earlier this month continue to hammer builder confidence, but recent economic data suggest housing conditions may improve in the coming months. Builder confidence in the market for newly built single-family homes in November fell six points to 34 in November, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

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Housing Market Marketing Mortgage 178

Real Estate News

NOVEMBER 15, 2023

Although the jury reached a verdict in the Sitzer/Burnett lawsuit on Oct. 31, post-trial motions will keep any judgment on hold until spring.

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Inman

NOVEMBER 11, 2023

Catch up with the "mother of all lawsuits" and all of the other so-called copycats that have followed in the wake of Sitzer | Burnett.

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Brokerage Agents 194

Housing Wire

NOVEMBER 16, 2023

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool. The 30-year, fixed mortgage averaged at 7.44% as of Nov. 16, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgage 482

Mortgage New Listings Tools Inventory 482

Eyes on Housing

NOVEMBER 17, 2023

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2023, single-family attached starts totaled 43,000, which is 16% higher than the third quarter of 2022.

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Construction Design 174

Real Estate News

NOVEMBER 14, 2023

NAR economist expects to see a double-digit rise in both existing and new home sales next year.

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