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 500

Sellers Mortgage Buyers Business 500

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 310

Real Estate Investors Housing Market Buyers 310

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 279

Real Estate Realtors Agents 279

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 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and an unadjusted basis from one week earlier.

Mortgage 500

Mortgage Inventory Buyers Marketing 500

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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Appraisal Buzz

OCTOBER 18, 2024

The next installment in the Five Star Institute Webinar Series will be held Thursday, November 7 at 1:00 p.m. Central when Five Star, in partnership with Consolidated Analytics , presents “ Claims Management Best Practices: Reducing Losses and Maximizing Recoveries.” The Five Star Institute Webinar series aims to broaden the horizons of the mortgage industry.

Investors 384

Investors Mortgage Lending Real Estate 384

Housing Wire

OCTOBER 13, 2024

Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss.

Inventory 495

Inventory New Listings Retail Mortgage 495

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 176

Business Mortgage 176

Real Estate News

OCTOBER 18, 2024

A recent survey found that while both veterans and civilians are feeling more prepared to buy, veterans are more likely to purchase a home in the next year.

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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 393

Home Value Construction Buyers Mortgage 393

Housing Wire

OCTOBER 16, 2024

Researchers at the U.S. Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. They found that homeownership program beneficiaries generally live in more affluent, racially homogenous neighborhoods than those seeking rental assistance.

Tenants 444

Tenants Investing Housing Market Mortgage 444

Inman

OCTOBER 17, 2024

The deal, one of the city’s largest this year, involves 1,000 units and more than 60 buildings across Upper Manhattan in New York City. Part of the portfolio closed Wednesday, according to reports.

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Investing 172

Real Estate News

OCTOBER 18, 2024

The latest consumer guide covers different types of contracts between sellers and their agents, and the “fully negotiable” nature of agent compensation.

Agents 229

Agents Contracts Sellers 229

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 383

Mortgage Government Lending Construction 383

Housing Wire

OCTOBER 14, 2024

The latest tumult in real estate feels like our world has been turned upside down yet again. But underneath all the frenzy, I see a genuine opportunity for us to turn this into a positive and come back even stronger than before. I often think of the term “Anti-fragile” from the book of the same name by Nassim Taleb. The principle is that people and organizations can build their success around being able to come back even stronger after a wallop, instead of just withstanding the impact.

Real Estate 433

Real Estate Tools Clients Buyers 433

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 171

Mortgage Marketing 171

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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Appraisal Buzz

OCTOBER 18, 2024

Realtor.com has produced a new analysis ahead of the November presidential election that attempts to forecast how demographic changes can alter the political landscape using proprietary data on county-level 2020 election results and geographic home shopping trends. In addition to changing views on important issues like housing affordability for both homeowners and renters, shifting opinions on these issues could influence the outcome of this presidential election.

Buyers 351

Buyers Real Estate Appraisal Marketing 351

Housing Wire

OCTOBER 17, 2024

LenderLogix , a provider of mortgage point-of-sale and automation software for lenders, said that borrowers generated 49,392 preapproval letters through its QuickQual preapproval program in third-quarter 2024, a 15% decrease from the second quarter. The average number of preapproved borrowers per loan officer decreased slightly to 28.5 in the third quarter, down from 29 in Q2 2024, the company said in its quarterly Homebuyer Intelligence report.

Loan Officers 440

Loan Officers Mortgage Technology 440

Inman

OCTOBER 17, 2024

The mobile-forward fintech company that marries real estate investment search and analysis with streamlined financing has raised a $184 million through two private credit funds, one a $30M of equity, the other is asset-backed financing of $154 million.

Finance 170

Finance Real Estate Investing Technology 170

Real Estate News

OCTOBER 17, 2024

In a livestream presentation, Anywhere’s Sue Yannaccone warned of misinformation around Clear Cooperation and encouraged agents to share their views.

Agents 222

Agents 222

Appraisal Buzz

OCTOBER 16, 2024

Mortgage application volume tanked 17.0% last week, as rates increased sharply, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances plummeted 26% compared with the previous week but were still up 111% compared with the same week one year ago. Applications for purchases decreased 7% compared with the previous week but were up 7% compared with the same week one year ago.

Mortgage 370

Mortgage Government Inventory Buyers 370

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 457

Design Real Estate Mortgage Business 457

Inman

OCTOBER 18, 2024

Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results.

Real Estate 163

Real Estate Investors Investing 163

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 222

Housing Market Marketing Mortgage 222

Appraisal Buzz

OCTOBER 14, 2024

This piece originally appeared in the October 2024 edition of MortgagePoint magazine, online now. On July 10, 2024, the Consumer Financial Protection Bureau (CFPB) introduced a proposed regulatory amendment aimed at intensifying the obligations of mortgage servicers to assist borrowers prior to initiating foreclosure proceedings. This proposal represents a substantial modification of existing regulations mandating that servicers exhaust all potential loss mitigation options before commencing f

Mortgage 387

Mortgage Inspection Real Estate Investors 387

Housing Wire

OCTOBER 17, 2024

As an entrepreneur, Mauricio Umansky has displayed remarkable versatility. At just 26 years old, he launched the clothing brand 90265, which pioneered a number of fashion trends. In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a real estate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR).

Real Estate 426

Real Estate Brokerage Agents Real Estate Agent 426

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 180

Agents Sellers Clients Buyers 180

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 213

Buyers Mortgage Marketing 213

Appraisal Buzz

OCTOBER 16, 2024

Get ready for the most exciting Buzzcast yet! Join hosts Hal and Jim as they share the finalists of this year’s Buzzy Awards. Plus, Jim draws three random winners from the nominees to receive a FREE pass to the Valuation Expo conference in August 2025. Cast YOUR votes on the winners of this year’s Buzzy Awards here: [link] At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field.

Valuation 368

Valuation Appraisal Modernization Real Estate 368

Housing Wire

OCTOBER 17, 2024

Former Open Mortgage executive Brenda Hedeen has been hired by Utah-based Canopy Mortgage as its new chief financial officer. “I was delighted when they reached out as I’ve had my eye on this group for years … they have it all: Techcentric, innovative, cost-effective, amazing culture, truly transparent pricing, engaged leadership and outstanding retail model.

Mortgage 419

Mortgage Retail Loan Officers Technology 419

Inman

OCTOBER 18, 2024

In a nationwide Inman-Dig Insight poll of active homebuyers, fewer than 5 percent of shoppers now listing their current home said they didn't realize that they could decline to pay buyer-side commissions.

Buyers 165

Buyers Sellers Clients Brokerage 165