Housing Wire

FEBRUARY 14, 2023

Given the hotter inflation reported in Tuesday’s CPI data , can mortgage rates go above the 2022 peak of 7.37%? Initially the 10-year yield fell after the report, then rose higher, only to fall back down again. For all the hype around today’s stock market close, it was a dud of a Valentine’s date if you ask me. A lot of times, on days when big economic reports are released, you can get wild intraday action but not have much happening by the end of the day.

Mortgage 501

Mortgage Housing Market Marketing Retail 501

Real Estate News

FEBRUARY 16, 2023

Scott, chairman and CEO of John L. Scott Real Estate in the Pacific Northwest, said the market is poised to enter a new period of growth.

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Real Estate Marketing 279

Sacramento Appraisal Blog

FEBRUARY 14, 2023

There is so much talk about the housing market bottoming out, and I want to give some perspective on what to watch for. I hope this helps. UPCOMING (PUBLIC) SPEAKING GIGS: 3/06/23 Matt the Mortgage Guy YouTube Live 3pm PST 3/08/23 Matt Gouge Event TBD 3/10/23 PCAR Market Update Lunch & Learn 3/28/23 Downtown Regional MLS meeting […] The post Looking out for two housing market bottoms first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 270

Housing Market Marketing Real Estate Appraisal 270

Eyes on Housing

FEBRUARY 15, 2023

Two consecutive solid monthly gains for builder confidence, spurred in part by easing mortgage rates, signal that the housing market may be turning a corner even as builders continue to contend with high construction costs and building material supply chain logjams. Builder confidence in the market for newly built single-family homes in February rose seven points to 42, according to.

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Supply Chain Construction Housing Market Marketing 195

Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. There is one simple reason for this: it’s not 2008. They have less competition as they are working from low sales levels in today’s housing market. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the b

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Construction Housing Market Inventory Mortgage 526

Real Estate News

FEBRUARY 15, 2023

Anyone can benefit from coaching — even experienced pros — if you find the right fit. Veteran agent Jay Thompson offers tips on how to choose a great coach.

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Agents 279

The Appraiser Coach

FEBRUARY 14, 2023

I recently celebrated an exciting milestone. I have officially gone one full year without eating sugar! Now that’s not 100% – everything has sugar in it these days. But I.

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Inspection Advertising Business Real Estate Agent 195

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Here is a quick rundown from last week : Purchase application data had a 3% week-to-week increase. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year.

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Inventory Housing Market Marketing Mortgage 516

Real Estate News

FEBRUARY 11, 2023

To find the right match, you need to know yourself first. Assess your strengths, determine what kind of agent you need, and always keep your eyes open.

Agents 279

Agents 279

Eyes on Housing

FEBRUARY 16, 2023

Single-family built-for-rent construction ended 2022 strong with a rising total market share. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 17,000 single-family built-for-rent (SFBFR) starts during the fourth quarter of 2022. This is 6% higher compared to the fourth quarter 2021 total.

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Design Construction Marketing 194

Inman

FEBRUARY 14, 2023

Netflix's "Buying Beverly Hills" centers around rookie agents and their high-profile team leaders and mentors at The Agency. From mispronouncing finishes to being ill-prepared for showings, these agents dish on learning the tough lessons while being filmed for reality TV.

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Agents 187

Housing Wire

FEBRUARY 16, 2023

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).

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Mortgage Marketing Real Estate 448

Real Estate News

FEBRUARY 17, 2023

The software company zavvie has introduced its cash offer and buy-before-you-sell products to brokerages in 11 states, with plans to expand later this year.

Real Estate 264

Real Estate Buyers Brokerage 264

Eyes on Housing

FEBRUARY 17, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that cash purchases made 11.2% of new home sales in the fourth quarter of 2022—the largest share since 1990. The share of cash purchases has climbed each of the past four quarters and six of the last seven. Although the median prices.

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Finance Marketing 193

Inman

FEBRUARY 13, 2023

The "tax" varies widely depending on the market with renters in expensive markets, such as New York City paying up to $19,500 more in rent annually.

Marketing 178

Marketing 178

Housing Wire

FEBRUARY 16, 2023

Economic data indicating that the U.S. economy has remained resilient despite the Federal Reserve ‘s tightening monetary policy led to a substantial increase in mortgage rates last week. Does this mean mortgage rates are close to reaching the 7% level again? “Mortgage rates have been rising after the jobs report was solid, retail sales beat expectations, and the homebuilder’s confidence is rising,” Logan Mohtashami , lead analyst for HousingWire , said. “We have an

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Mortgage Retail Housing Market Buyers 435

Real Estate News

FEBRUARY 16, 2023

The number of distressed properties remains well below pre-pandemic levels, thanks to a strong job market and federal moratoriums, but they're creeping up.

Marketing 264

Marketing 264

Eyes on Housing

FEBRUARY 17, 2023

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the fourth quarter of 2022, single-family attached starts totaled 37,000, which is 8% lower than the fourth quarter of 2021. Over the course of 2022, townhouse construction starts totaled 148,000 units, which is effectively unchanged from 2021.

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Construction Design 187

Inman

FEBRUARY 15, 2023

The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon.

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Technology Agents Marketing Mortgage 174

Housing Wire

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In February, builder confidence in the market for newly built single-family homes rose seven points from January’s reading, to an index value of 42.

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Mortgage Supply Chain Housing Market Construction 435

Real Estate News

FEBRUARY 15, 2023

According to the U.S. Census, 82% of newly built homes sold in 2021 were a part of a homeowners association.

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HOA Buyers 264

Eyes on Housing

FEBRUARY 14, 2023

For 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 972,180. On a year-over-year (YoY) basis, this is 12.5% below the 2021 level of 1,111,414. Year-to-date ending in December, single-family permits declined in all four regions. The South posted a decline of 10.4%, while the Western region reported the steepest decline of 15.9%.

Construction 179

Construction Marketing 179

Inman

FEBRUARY 14, 2023

The seven-bedroom Beverly Hills home was also occupied by John Legend and Chrissy Teigen from 2016 to 2021. After an initial unsuccessful offering of $19.25 million, the current owner is attempting to offload it at a loss.

Marketing 174

Marketing 174

Housing Wire

FEBRUARY 17, 2023

Brady Torgerson, former president of First Security Bank-West , was sentenced to two years in prison for two counts of bank fraud he conducted between 2019 and 2021 when working for the North Dakota-based bank and Union Bank as a loan officer. Three others were also sentenced in connection to the fraud. When Torgerson was president of First Security Bank-West, he funded loans without obtaining necessary financial information, security interest documents or promissory notes, the U.S.

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Loan Officers Insurance Finance Mortgage 83

Real Estate News

FEBRUARY 14, 2023

During Liebman’s two decades of leadership, Corcoran has grown from a boutique firm to a national franchise with plans to expand into Europe.

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Eyes on Housing

FEBRUARY 13, 2023

The price and availability of building materials again topped the list of problems builders faced last year, while interest rates (along with general inflation and negative media reports) moved considerably up the list. According to special questions on the January 2023 survey for the NAHB/Wells Fargo Housing Market Index, building material prices were a significant issue for 96% of builders.

Housing Market 179

Housing Market Marketing 179

Inman

FEBRUARY 17, 2023

In Inman's latest Access class, watch Clelia Peters and Liza Benson discuss the new opportunities artificial intelligence technologies will bring to the real estate industry.

Investing 173

Investing Technology Real Estate 173

Housing Wire

FEBRUARY 17, 2023

Mike Simonsen, president of Altos Research , will share his data-focused insights on the housing market at Gathering of Eagles 2023. Join Simonsen and other data-obsessed attendees for a “Power Lunch,” on Tuesday, June 20. There’s no need to eat lunch alone at Gathering of Eagles. During Simonsen’s presentation, not only will you break bread with fellow housing industry leaders, but attendees will also get the latest information on the housing market and learn how that data can transform their b

Sellers 417

Sellers Housing Market Real Estate Agents 417

Real Estate News

FEBRUARY 13, 2023

Ryan Gorman leads btcRE consultancy, Ines Hegedus-Garcia chairs MIAMI board, Dave Howe now CEO at MetroList, Nicole Aissa first president at Red Oak.

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Eyes on Housing

FEBRUARY 14, 2023

Consumer prices in January saw the smallest year-over-year gain since October 2021 with a seventh consecutive month of a deceleration. However, this disinflation pace was much slower than expected, partially because new methodology introduces higher weights for shelter and lower weights for food and energy to reflect changes in consumer spending in 2021.

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Inman

FEBRUARY 17, 2023

The agents who utilize this technology will become more efficient and productive, freeing up time for building the relationships needed to grow their businesses.

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Realtors Technology Agents Business 167

Housing Wire

FEBRUARY 14, 2023

You may not have heard the terms “dual pathing” or “single point of contact” lately, but just wait. COVID-era forbearances are ending and odds are some borrowers won’t be able to come current on their loans without help. HousingWire recently spoke to Amanda Phillips, executive vice president of compliance at ACES Quality Management, about getting servicing staff and technology ready to meet upcoming regulatory requirements while ensuring quality throughout the life of the loan.

Technology 406

Technology Lending Mortgage Investors 406

Real Estate News

FEBRUARY 13, 2023

In a down market, the grass might look greener elsewhere. But if you regularly — and genuinely — connect with your agents, they'll have a reason to stay.

Agents 264

Agents Marketing 264

Eyes on Housing

FEBRUARY 16, 2023

During the fourth quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. To analyze credit availability, responses from the NAHB survey are used to construct a net easing index, similar to the net easing index based on the Federal Reserve’s survey.

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Construction Finance Development Lending 174