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 543

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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Housing Market Marketing New Listings Inventory 361

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 313

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 199

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real es

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Real Estate Inventory Sellers Realtors 482

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 297

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.

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Agents Real Estate Brokerage Marketing 196

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.

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Real Estate Buyers Renovations Open Houses 466

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

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

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 263

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 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 463

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.

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Buyers Real Estate 256

Inman

NOVEMBER 15, 2023

Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse course in the spring.

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Investors Mortgage Marketing 193

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 458

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 186

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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Inman

NOVEMBER 17, 2023

The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions.

Real Estate 190

Real Estate Realty Realtors Technology 190

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 456

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 165

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 14, 2023

A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants.

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Realtors Realty Real Estate Brokerage 190

Housing Wire

NOVEMBER 14, 2023

As 2023 draws to a close soon, housing inventory has been rising very late in the year. Last year at this time, sellers and homebuyers hit the brakes hard. This year is slow, of course, but not dropping, so we finally have a fractionally better home-sales growth rate over the same week a year ago. Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research.

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Housing Market Marketing Inventory Contracts 457

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 164

Real Estate News

NOVEMBER 16, 2023

As rates decline for a third straight week, mortgage applications have risen, suggesting the possibility of a jump in year-end home sales.

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Mortgage 249

Inman

NOVEMBER 13, 2023

Broker Cara Ameer writes that, from a leaky icemaker to a stellar professional reputation, the work of a buyer agent can make or break a home purchase.

Buyers 189

Buyers Agents Brokerage 189

Housing Wire

NOVEMBER 16, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Bressler , CTO at United Wholesale Mortgage (UWM) to talk about how the lender is developing a smart, innovative IT team by giving them a safety net to fail. This interview has been edited for length and clarity. Sarah Wheeler: UWM develops all their software in-house. What are some of the advantages of that?

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Technology Training Development Mortgage 456

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 163

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 247

Inman

NOVEMBER 16, 2023

As part of his Snapshot series, Brandon Doyle peers into the mind of a distinguished leader who's helped shape the real estate landscape on a global scale: Adam Contos, the former CEO of RE/MAX.

Technology 188

Technology Real Estate Brokerage Agents 188

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.

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Mortgage Clients Business Legal 452