Housing Wire

NOVEMBER 18, 2023

Did the recent move lower in mortgage rates turn the housing market positive? With mortgage rates moving almost 75 basis points lower from the highs, does the data show that demand has improved? Let’s take a dive in the weekly tracker to see. Purchase application data Last year, when mortgage rates fell from 7.37% to 5.99% , we got three good months of positive purchase application data until the first week of February before mortgage rates started to run higher from 6%-8%.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

George Dell

NOVEMBER 20, 2023

Editor’s Note: This original Gratitude post written by George Dell appeared in The Analogue Blog on November 21, 2018. A lot has transpired in five years. (The understatement of the Century!) But our gratitude is stronger than ever after all these years. Editor’s Note: Check out the later post from November 26th, 2019 here: Does […] The post Gratitude: a Redux appeared first on George Dell, SRA, MAI, ASA, CRE.

364

364

Real Estate News

NOVEMBER 21, 2023

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

353

353

Sacramento Appraisal Blog

NOVEMBER 21, 2023

It’s time to run toward the housing market. Today, I have some quick thoughts of encouragement for the real estate community as we look to 2024. I know it’s a holiday week, but I really want to share this message. And I have some cool stats too. Scroll quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING […] The post Run toward the housing market in 2024 first appeared on Sacramento Appraisal Blog.

Housing Market 345

Housing Market Marketing Real Estate Appraisal 345

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec. 11 here. In a typical year, there are about 5.2 million sales of existing homes nationally and home prices rise by about 4%.

Housing Market 501

Housing Market Marketing Inventory Sellers 501

Inman

NOVEMBER 23, 2023

A big drop in mortgage rates has resulted in holiday rejoicing for agents and hopeful buyers. Make sure you're ready to work with them.

Agents 207

Agents Mortgage Buyers 207

Eyes on Housing

NOVEMBER 22, 2023

An expected impact of the virus crisis was 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 2023, and housing affordability worsened, the demand for home size has trended lower.

187

187

Housing Wire

NOVEMBER 22, 2023

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgage 488

Mortgage Government Marketing Finance 488

Inman

NOVEMBER 22, 2023

Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they'll come down over the next two years.

Mortgage 199

Mortgage Marketing 199

Real Estate News

NOVEMBER 22, 2023

Applications increased as 30-year fixed-rate mortgages declined for a fourth straight week.

Buyers 312

Buyers Mortgage 312

Eyes on Housing

NOVEMBER 21, 2023

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates a slowing market for custom home building after a recent gain in market share. There were 50,000 total custom building starts during the third quarter of the year. This marks an almost 17% decline compared to the third quarter of 2022, consistent with weakness experienced.

Design 175

Design Marketing 175

Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders. The index fell to 34 in November, well below the 50 mark that divides bullish and bearish sentiments.

Inventory 488

Inventory Home Value Housing Market Buyers 488

Inman

NOVEMBER 20, 2023

The Inman Intel Index goes beyond sentiment and trends by tapping into the most engaged community in real estate to understand what the industry is thinking today, and tomorrow.

Real Estate 197

Real Estate Technology Brokerage Agents 197

Real Estate News

NOVEMBER 18, 2023

Real estate agents hate change — but lawsuit outcomes like buyer agreements and greater transparency are nothing to fear, says industry veteran Phil Faranda.

Agents 299

Agents Real Estate Agent Real Estate Buyers 299

Eyes on Housing

NOVEMBER 21, 2023

Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the fourth consecutive month of year-over-year median sales price increase.

Inventory 174

Inventory Mortgage Realtors 174

Housing Wire

NOVEMBER 21, 2023

Let’s not sugarcoat it: 2023 was a bad year for the housing market. Mortgage rates eclipsed 8% at one point, inventory hit all-time lows, and home prices continued to climb. Next year, however, is shaping up to be better, according to Morgan Stanley. Analysts at the firm say that in 2024 the U.S. will avoid a recession, mortgage rates will fall, incomes will continue to rise and an uptick in listings will spur more housing activity.

Inventory 488

Inventory Housing Market Mortgage Marketing 488

Inman

NOVEMBER 22, 2023

Gone are the days of collecting business cards and cramming them into an overstuffed Rolodex. These days, customer relationship management (CRM) software is the tool that makes keeping client information safe and accessible.

Tools 197

Tools Clients Business Real Estate 197

Real Estate News

NOVEMBER 24, 2023

The themes of diversity, equity and inclusion were present throughout last week’s NAR NXT conference.

290

290

Eyes on Housing

NOVEMBER 20, 2023

Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions, leading to flat construction conditions after recent gains. 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 third quarter of 2023.

Construction 174

Construction Design Investors 174

Housing Wire

NOVEMBER 21, 2023

Has the epic crash in existing home sales finally found a workable bottom to rise from? The 10-year yield will be our guide, as I discussed on CNBC very early in 2023. Where the 10-year yield goes, so goes housing! I say this because of the slow dance between the 10-year yield and 30-year mortgage rates since 1971. Last year, the 10-year yield fell from 4.25% to 3.37%, pushing mortgage rates lower from 7.37% to 5.99%.

Inventory 485

Inventory Mortgage Marketing Investors 485

Inman

NOVEMBER 18, 2023

Find out how Las Vegas Realtor Camila Lincowski brings her winning personality to her work and why her mom says she's "the best Realtor.

Realtors 197

Realtors Agents 197

Real Estate News

NOVEMBER 21, 2023

October home sales slid 4.1%, representing the steepest single-month decline in 2023 so far.

290

290

Eyes on Housing

NOVEMBER 20, 2023

Nonfarm payroll employment increased in 25 states in September compared to the previous month, while 22 states lost jobs. The District of Columbia, North Dakota, New Mexico, and Virginia reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 150,000 in October, following a gain of 297,000 jobs in September.

Construction 173

Construction Marketing 173

Housing Wire

NOVEMBER 21, 2023

You might have heard about AI in sci-fi movies or tech conferences, but do you know that it’s a game-changer for real estate agents too? That’s right! Artificial Intelligence (AI) is your secret sauce to becoming the ultimate authority in the real estate world. In this article, we’re going to dive into the incredible ways AI can skyrocket your authority and set you apart from the competition.

Real Estate Agent 482

Real Estate Agent Real Estate Agents Clients 482

Inman

NOVEMBER 22, 2023

CEO Troy Reierson offers insights gleaned from young professionals and the way they add their unique perspectives to the practice of real estate.

Real Estate 195

Real Estate Realtors Real Estate Agent Agents 195

Real Estate News

NOVEMBER 24, 2023

Two multi-office Century 21 firms engage in a strategic sale; The Real Brokerage nabs large SoCal team.

Brokerage 278

Brokerage 278

The Appraiser Coach

NOVEMBER 21, 2023

As human beings, we often think of the cost of things. It is my opinion that we think about the cost too much. It keeps us from achieving something truly great. For instance, we may consider starting to get up and exercise every morning, but decide against it when we consider the 30 minutes of sleep we’re going to lose by getting up early to exercise.

Investing 150

Investing Appraisal Inspection Advertising 150

Housing Wire

NOVEMBER 22, 2023

Fidelity National Financial (FNF) was attacked by a “cybersecurity incident” that led the system to shut down some of its network, the company said. FNF blocked access to certain systems, which resulted in disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries, according to a filing with the U.S.

Insurance 482

Insurance Law Technology Real Estate 482

Inman

NOVEMBER 21, 2023

After exceeding 8 percent in October, rising mortgage rates overtook "lack of housing inventory" as the top concern for real estate agents, according to the results of the latest monthly Inman Intel Index.

Inventory 195

Inventory Agents Real Estate Agent Mortgage 195

Real Estate News

NOVEMBER 20, 2023

After taking on the role of president a few months early, Tracy Kasper joined other officers for their gala moment at the association’s conference.

279

279

GoForrmz

NOVEMBER 21, 2023

Originally published on 03/12/2018 Ready to build your first digital form Template ? Congratulations on taking the first significant step towards creating your digital form Template by partnering with GoFormz to digitally transform your paper forms. To get started, follow these simple steps: Begin by uploading your desired form to the GoFormz Template Builder.

Legal 148

Legal Law Design Tools 148

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. The Sitzer/Burnett trial out of Kansas City found the National Association of Realtors (NAR) guilty of conspiring to inflate agent commissions — sparking a debate over agent commission fees and the longstanding role of buyer agents in real estate transactions.

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Inman

NOVEMBER 22, 2023

Join Katie Lance and learn how to create a social media calendar that will drive engagement and boost your business in 2024.

Business 193

Business Marketing Agents 193

Real Estate News

NOVEMBER 20, 2023

The agreements, which cover multiple buyer-broker commissions lawsuits, were deemed “fair, reasonable and adequate” by the judge.

Buyers 279

Buyers 279