Appraisal Buzz

OCTOBER 16, 2024

According to the Realtor.com September Rental Report, there remains a geographical gap in the rental market despite a national trend of overall rent declines. Despite a nationwide decline in rent, nine of the ten Midwestern markets included in the 50-metro survey experienced year-over-year increases in rent in September. On the other hand, eight out of ten of the markets that saw the largest rent cuts last month were in the South, primarily due to an increase in the number of new multi-family ho

Sellers 418

Sellers Buyers Marketing Mortgage 418

Housing Wire

OCTOBER 17, 2024

The U.S. economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. These are conclusions drawn by economists at Fannie Mae ‘s Economic and Strategic Research (ESR) Group. They’re now projecting gross domestic product (GDP) growth to fall from 3.2% in 2023 to 2.3% in 2024 and 2% in 2025.

Sellers 510

Sellers Mortgage Buyers Business 510

Real Estate News

OCTOBER 17, 2024

The DANGER Report took a “frank and sometimes searing” look at the risks facing agents, brokers, associations, MLSs and the National Association of Realtors.

Real Estate 268

Real Estate Realtors Agents 268

Sacramento Appraisal Blog

OCTOBER 16, 2024

Who is buying in today’s housing market? Some say it’s only the wealthy or institutional investors, and first-time buyer are missing in action. What do stats show when we look at forty local neighborhoods? Let’s find out. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE […] The post Which neighborhoods are doing better than others?

Real Estate 351

Real Estate Investors Housing Market Buyers 351

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

Appraisal Buzz

OCTOBER 14, 2024

Zillow has found that Hispanic homeowners are making great strides in narrowing the home value gap with white homeowners over the past two years—regaining ground lost during the pandemic. The gap is now the narrowest ever observed. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4% in December 2021.

Home Value 394

Home Value Construction Buyers Mortgage 394

Real Estate News

OCTOBER 15, 2024

“People are buying” — and living in — these futuristic homes, with dozens sold at a community in Texas, and more widespread adoption expected in five years

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256

Inman

OCTOBER 18, 2024

The unique getaway completed in 2010 by late craftsman and entrepreneur Reggie Whibley is on the market for $1.75 million. The hunt is on for a buyer who doesn't care about cell or internet service.

Marketing 185

Marketing Buyers Real Estate Agents 185

Appraisal Buzz

OCTOBER 18, 2024

The U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Single-family housing starts in September improved for the second consecutive month, as builder sentiment has improved. HUD and the Census Bureau found that privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,354,000, which was 0.5% below the revised August estimate of 1,361,000, 0.7% below the Se

Construction 418

Construction Housing Market Inventory Home Value 418

Housing Wire

OCTOBER 17, 2024

Wall Street investors and analysts forecast that mortgage credit-score costs will rise in 2025 as lower interest rates may drive an increase in home loan applications. Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, is expected to raise the price for mortgage credit scores from $3.50 to at least $5, according to the estimates.

Investors 524

Investors Retail Mortgage Business 524

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

OCTOBER 14, 2024

More than half of recent sellers say they negotiated with their agent to lower the commission, according to new survey data from Zillow.

Sellers 253

Sellers Agents 253

Inman

OCTOBER 14, 2024

More than 89 percent of active sellers told Intel they're open to covering the buyer’s commission — even as homebuyers increasingly seek to negotiate lower commission rates with their own agents.

Agents 184

Agents Sellers Clients Buyers 184

Appraisal Buzz

OCTOBER 15, 2024

While some believe the “American Dream” is still attainable in today’s market, new Point2 data showed that a growing number of prospective homebuyers do not see themselves as homeowners, citing a combination of factors such as mortgage rates, availability, and growing home prices. Because many Americans don’t believe homeownership is likely in their future, renters of single-family homes have grown to be a major force in the residential market, greatly influencing the post-pandemic environment.

Tenants 370

Tenants Renovations Modernization Contracts 370

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. has agreed to settle with the Consumer Financial Protection Bureau (CFPB) and the U.S Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. The agreement, which was submitted for court approval, requires the Madison, Wisconsin-based mortgage lender to pay a $1.9 million civil penalty.

Advertising 423

Advertising Lending Loan Officers Retail 423

Real Estate News

OCTOBER 15, 2024

A new statement from the agency suggests that when information is shared only among competitors — like trade group members — it sets off antitrust alarm bells.

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Inman

OCTOBER 18, 2024

A majority of the 1,200 Flagstar employees being let go in $1.4 billion sale of the company's mortgage servicing business will be offered the opportunity to transfer to Dallas-based Mr. Cooper.

Business 182

Business Mortgage 182

Appraisal Buzz

OCTOBER 17, 2024

According to statistics from the September 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), mortgage applications for the purchase of new homes grew by 10.8% over the previous year. The number of applications fell by 6% from August 2024. There is no adjustment made for normal seasonal variations in this alteration. “Applications for new home purchases declined in September, consistent with seasonal patterns, and continued to run ahead of last year’s pace,” said Jo

Mortgage 396

Mortgage Contracts Construction Buyers 396

Housing Wire

OCTOBER 15, 2024

The Federal Communications Commission (FCC) — the regulatory body that oversees communications across a wide variety of media including radio, telephone and the internet — announced that new rules related to the Telephone Consumer Protection Act (TCPA) will go into effect in April 2025. The new guidelines are designed to make it easier for consumers to revoke consent for unwanted robocalls and texts.

Design 447

Design Real Estate Mortgage Business 447

Real Estate News

OCTOBER 17, 2024

Mortgage rates moved up again, but for the market as a whole, “the worst may be behind us.” Plus, improving builder optimism could mean more future supply.

Buyers 241

Buyers Mortgage Marketing 241

Inman

OCTOBER 17, 2024

Fannie Mae economists say surprising strength of the U.S. economy means home prices are likely to keep rising, and mortgage rates may not come down as quickly as previously expected.

Mortgage 182

Mortgage Marketing 182

Appraisal Buzz

OCTOBER 14, 2024

The largest percentage for any August since 2019 is found in nearly half (48%) of all listings that have been active for at least 60 days. For the seventh consecutive month, the percentage of residences left unoccupied for at least 60 days increased annually—whereas it was 43.2% last month. For the fifth consecutive month, the percentage of homes listed for 60 days increased, according to recent Redfin data.

Marketing 370

Marketing HOA Buyers Contracts 370

Housing Wire

OCTOBER 15, 2024

Confusion and chaos are still a reality for some real estate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. (Image generated by AI in Midjourney) It has been nearly two months since the nationwide implementation of the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement.

Real Estate 446

Real Estate Brokerage Sellers Agents 446

Real Estate News

OCTOBER 16, 2024

A panel of industry veterans debated the policy and discussed various scenarios for residential real estate should the CCP be repealed.

Brokerage 239

Brokerage Real Estate 239

Inman

OCTOBER 13, 2024

The better your listing marketing plan, the better the results, and the more listing opportunities you will have in the future. Jimmy Burgess offers a step-by-step strategy for winning now.

Marketing 181

Marketing Agents 181

Appraisal Buzz

OCTOBER 17, 2024

The October 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group revealed that the economy now looks to be on firmer footing than previously thought, following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September. The ESR Group still anticipates a slowdown in economic growth from the strong 3.2% pace seen in 2023, but it will be less severe than previously anticipated.

Mortgage 397

Mortgage Marketing Buyers Appraisal 397

Housing Wire

OCTOBER 15, 2024

About a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for almost three years has been that job market must weaken, unemployment must be rising. But for three years, unemployment has stayed low. Normally when unemployment is this low, people are confident that they’ll find a new job and they are much more likely to quit a current gig that isn’t right for them.

Inventory 481

Inventory New Listings Sellers Marketing 481

Real Estate News

OCTOBER 15, 2024

Nearly a quarter of first-time buyers may wait even longer, to see if down payment help or other candidate promises materialize in 2025, a Redfin survey found.

Buyers 238

Buyers 238

Inman

OCTOBER 12, 2024

Industry heavyweights are all lining up for and against Clear Cooperation. Find out which side of the topic real estate's biggest names are standing on.

Real Estate 181

Real Estate Brokerage Agents 181

Appraisal Buzz

OCTOBER 15, 2024

The Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) based on data analysis from ICE Mortgage Technology , indicates a drop in mortgage credit availability in September. Key Findings from the Mortgage Credit Availability Index: In September, the MCAI dropped by 0.5% to 98.5. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 387

Mortgage Government Lending Construction 387

Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. With higher rates, lower transaction volumes usually plague the industry, translating to fewer appraisals as homeowners hunker down with their lower rates.

Appraisal Process 388

Appraisal Process Appraisal Real Estate Inspection 388

Real Estate News

OCTOBER 16, 2024

A range of competing factors are driving volatility in rates, making it harder to forecast their direction — but they're likely to decline further this year.

Housing Market 234

Housing Market Marketing Mortgage 234

Inman

OCTOBER 14, 2024

The firm has brought on four new high-earning teams in New York, New Jersey and South Carolina in recent weeks as it continues to expand along the East Coast.

Brokerage 179

Brokerage Agents 179

Appraisal Buzz

OCTOBER 14, 2024

As of October, a new Credit Insurance Risk Transfer (CIRT) transaction has been completed, according to a new release from Fannie Mae. Mortgage credit risk worth $160.9 million was transferred to private insurers and reinsurers by CIRT 2024-H3. An estimated 19,000 single-family mortgage loans with an outstanding unpaid principle balance (UPB) of about $6.4 billion make up the covered loan pool for CIRT 2024-H3.

Insurance 396

Insurance Mortgage Business Appraisal 396