Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. I have consistently written that with mortgage rates above 7%, inventory should grow between 11,000-17,000 and this year it has happened six times perfectly in the channel.

Inventory 506

Inventory Mortgage New Listings Housing Market 506

Appraisal Buzz

SEPTEMBER 5, 2024

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Construction 459

Construction Inventory Housing Market Contracts 459

Sacramento Appraisal Blog

SEPTEMBER 5, 2024

I hear it all the time. “Five months of supply is a balanced housing market.” Is that really true though? Let’s unpack this today and digest the importance of narratives and national vs local stats. I know this sounds like geeky stuff, but it’s so important (see action steps). Any thoughts? I’VE BEEN GONE FOR […] The post Bro, is 5 months of supply really balanced?

Housing Market 312

Housing Market Appraisal Marketing 312

Real Estate News

SEPTEMBER 5, 2024

More choices and lower mortgage rates may bring out late-season buyers, and they could have an advantage over those who wait until spring.

Marketing 289

Marketing Buyers Mortgage 289

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

SEPTEMBER 6, 2024

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. This is what I call the “cover cuts” policy. After today’s jobs report and the negative revision to this report and the previous ones, it is safe to say nobody outside of crazy people who want to see America go into a recession will question the Fed rate cut that will happen th

Marketing 483

Marketing Construction Mortgage Housing Market 483

George Dell

SEPTEMBER 4, 2024

A Body of Knowledge committee? I was just getting acquainted with the Appraisal Institute service structure. At one of the first of many times at AI national or Board meetings, it seemed a good idea to find a committee focused on where I might be able to genuinely contribute. Upon noticing there was a Body […] The post What New Body of Knowledge?

Appraisal 195

Appraisal Valuation 195

Real Estate News

SEPTEMBER 4, 2024

With new industry rules now in effect, the association has released additional resources for buyers and sellers that focus on ethics and steering.

Clients 276

Clients Agents Sellers Buyers 276

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. An additional 27% said they’re targeting a 4% rate, while 20% say it’s 6%.

Buyers 470

Buyers Marketing Mortgage Real Estate Agent 470

Appraisal Buzz

SEPTEMBER 6, 2024

In Q2 of 2024, ATTOM produced a Special Housing Risk Report that highlights county-level housing markets across the country that are more or less susceptible to falls based on home affordability, underwater mortgages, and other metrics. According to the analysis, the most at-risk markets in the nation are—once again—concentrated in California, New Jersey, and Illinois, with some of the largest clusters located in inland California as well as the New York City and Chicago regions.

Housing Market 397

Housing Market Property Taxes Mortgage Marketing 397

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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

Inman

SEPTEMBER 2, 2024

Buyers failed to bite this summer despite falling mortgage rates. It has agents about as down on their business prospects as they've been all year heading into the NAR settlement era, according to Intel's Client Pipeline Tracker.

Real Estate Agent 195

Real Estate Agent Clients Agents Real Estate 195

Real Estate News

SEPTEMBER 3, 2024

The policy, which was designed to discourage the sharing of listings via private networks outside the MLS, is being called into question.

Design 271

Design 271

Housing Wire

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate. With its new partnership with Atlantic Bay Mortgage Group, CANDID is set to make an even greater impact.

Mortgage 459

Mortgage Technology Tools Clients 459

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% in August, marking the tenth consecutive month of growth in this number of properties.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Inman

SEPTEMBER 3, 2024

Anthony Lamacchia said threats of severe penalties for commission violations leveled by plaintiffs lawyer Michael Ketchmark and Consumer Advocates in American Real Estate are "unnecessary.

Real Estate Agent 195

Real Estate Agent Real Estate Agents Brokerage 195

Real Estate News

SEPTEMBER 3, 2024

NAR’s latest confidence survey also suggests that buyers gained some leverage this summer, but overall sales were down.

Buyers 253

Buyers Realtors 253

Housing Wire

SEPTEMBER 5, 2024

The No. 1 brokerage in the country by transaction sides just got bigger. On Thursday, eXp Realty announced that Brandon Brittingham and his top-producing Maryland-based mega team are making the jump to eXp. Brittingham and his 30-person team, The Maryland & Delaware Group , had previously been brokered at Long & Foster Real Estate. “For me, by far, what eXp could do to support the growth of my business along with their vision, hands down, made the most sense,” Brittingham said in a state

Realty 459

Realty Brokerage Real Estate Business 459

Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. In Tampa, the number of condos for sale soared 57.2% from a year earlier in July 2024, pending sales dropped 18.9% and the median sale price fell 4.9%.

HOA 397

HOA Insurance Inventory Investors 397

Inman

SEPTEMBER 6, 2024

Bernice Ross talks with Patrick Stone, chairman and founder of Williston Financial, about interest rates, new construction and the 2024 election.

Real Estate 191

Real Estate Construction Inventory Agents 191

Real Estate News

AUGUST 31, 2024

The president of Better Homes and Gardens Real Estate is focused on moving forward. "You can spend your energy fighting what’s happening, or lean into it.

Real Estate 250

Real Estate 250

Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. At HousingWire ‘s Mortgage Rates Center on Tuesday, the 30-year rate for conforming loans averaged 6.60%, down from 6.64% one week ago.

Mortgage 461

Mortgage Inventory Buyers Sellers 461

Appraisal Buzz

SEPTEMBER 6, 2024

Renting, traditionally seen as a more affordable option compared to homeownership, has become increasingly expensive in many of the nation’s largest cities. A recent analysis by LendingTree , using data from the U.S. Department of Housing and Urban Development (HUD) , paints a stark picture of how Fair Market Rents (FMRs) for one- and two-bedroom units have surged across the country over the five-year span of 2019-2024.

Landlords 395

Landlords Housing Market Development Marketing 395

Inman

SEPTEMBER 6, 2024

Jimmy Burgess and Andrew Undem share strategies for writing a compelling offer on behalf of buyers, closing more deals and building lifelong client relationships.

Client Relationships 188

Client Relationships Buyers Clients Agents 188

Real Estate News

SEPTEMBER 5, 2024

A new report from ATTOM indicates that select counties in California, New Jersey and Illinois are most at risk of a housing market downturn.

Marketing 245

Marketing Housing Market 245

Housing Wire

SEPTEMBER 3, 2024

For many in the real estate industry, Aug. 17, 2024 — the date that the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement went into effect — served as a reckoning of sorts. “I am in awe of how many folks decided on Thursday that something was changing on Saturday,” Linda O’Koniewski, the broker-owner of Leading Edge Real Estate , said the week after the business practice changes went into effect.

Brokerage 436

Brokerage Agents Real Estate Real Estate Agent 436

Appraisal Buzz

SEPTEMBER 3, 2024

A recent study has brought to light the financial advantages of working with Independent Mortgage Brokers, underscoring the significant savings and inclusive support they offer to a diverse range of homebuyers. The study, conducted by Polygon Research and backed by Willow Canyon Advisors and United Wholesale Mortgage (UWM) , analyzed 2023 data, and found that consumers who choose Mortgage Brokers over nonbank retail lenders can save an average of $10,662 over the life of their loan.

Retail 397

Retail Mortgage Housing Market Appraisal 397

Inman

SEPTEMBER 2, 2024

Shawn Tate believes that it is imperative to put your clients’ needs first. Learn how this luxury leader is making an impact.

Clients 190

Clients 190

Real Estate News

SEPTEMBER 4, 2024

The “free” ride may not last as officials seek solutions for a deflationary economy and a glut of homes — the mirror image of what the U.S. is dealing with.

Mortgage 236

Mortgage 236

Housing Wire

SEPTEMBER 2, 2024

The real estate industry is undergoing a seismic transformation, with recent regulatory changes pushing the National Association of Realtors to a critical juncture. As these shifts unfold, real estate agents face both challenges and opportunities. Those who adapt will find themselves in a prime position to succeed. Here are five essential strategies to navigate this new landscape. 1.

Real Estate 436

Real Estate Agents Marketing Real Estate Agent 436

Appraisal Buzz

SEPTEMBER 2, 2024

In the four weeks that ended on August 25, pending home sales dropped 6.9%, marking the worst annual loss in almost a year, according to a new study from Redfin. This is true even as the weekly average mortgage rate drops to its lowest point in 15 months and the median monthly home payment in the U.S. reaches its lowest point since February. Key Indicators of Homebuying Demand & Activity: The daily average 30-year fixed mortgage rate was 6.37% (as of August 28), nearing the lowest level sinc

Mortgage 397

Mortgage Buyers Sellers Agents 397

Inman

AUGUST 31, 2024

Do we still want to work like it's 1999? No, that's why agents need to ask themselves what they really want their work, life and compensation to look like moving forward, Rachael Hite writes.

Agents 190

Agents 190

Real Estate News

SEPTEMBER 6, 2024

A mixed August jobs report has economists speculating about how deep of an interest rate cut the Federal Reserve might make on Sept. 18.

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Housing Wire

SEPTEMBER 6, 2024

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. Kevin Leibowitz, president of Grayton Mortgage , said he was quoting 6.125% for a 30-year conventional mortgage of $400,000 on Friday with no discount points.

Mortgage 432

Mortgage Loan Officers Government Tools 432