Housing Wire

DECEMBER 16, 2023

The Federal Reserve played the good grinch for Christmas this year and delivered the best gift for homebuyers nationwide, leading to lower mortgage rates. The 10-year yield and mortgage rates fell together after the Fed meetings, which gave us mortgage rates under 7% last week. Mortgage rates and the 10-year yield What a crazy week! Not too long ago, on jobs Friday, I was on the HousingWire Daily podcast saying it’s time to declare war on the Federal Reserve for being too restrictive; you can li

Inventory 536

Inventory New Listings Mortgage Law 536

Real Estate News

DECEMBER 19, 2023

The Department of Justice has inserted itself — again — in the Nosalek buyer-broker commissions case ahead of final settlement approval.

Buyers 317

Buyers 317

George Dell

DECEMBER 20, 2023

More appraisal censorship is here! Have you noticed this new regulation that censors California appraisers and flat out appears to prohibit accepted sound appraisal methodology and practice? Editor’s Note: A Guest Post from Bruce Hahn, CCIM, MAI, SRA Consider California Business & Professions Code Section 11424(a) which says: Licensees shall not base, either partially or […] The post More Appraiser Censorship??

Appraisal 221

Appraisal Business 221

Inman

DECEMBER 18, 2023

How one family turned their brokerage into a beacon of innovation and excellence. Mother-son team Mayi and Daniel de la Vega have led ONE Sotheby’s International Realty to emerge as the definitive luxury leader representing Florida’s East Coast.

Realty 200

Realty Brokerage 200

Housing Wire

DECEMBER 22, 2023

New home sales missed sales estimates , but the builders’ stocks have been roaring higher. What gives? There are two key things to remember before I go into the report’s details. Mortgage rates rising to 8% in October impacted the data line, which I spoke about on CNBC recently. Also, new home sales are notorious for big positive and negative prints that tend to get revised.

Mortgage 529

Mortgage Marketing Construction Inventory 529

Real Estate News

DECEMBER 19, 2023

Art Carter and Brian Donnellan, CEOs of the nation’s largest MLSs, are pals as well as colleagues, walking the talk of collaboration in challenging times.

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Inman

DECEMBER 22, 2023

Illinois-based Dovenmuehle Mortgage, which collects monthly payments from homeowners in all 50 states on behalf of lenders and investors, says it's cutting HQ staff but not closing down.

Mortgage 198

Mortgage Investors Marketing 198

Housing Wire

DECEMBER 21, 2023

First American is the latest real estate firm to suffer a cybersecurity incident. Sources told HousingWire the incident occurred Wednesday afternoon, with First American confirming the incident Thursday morning. In a statement on the title company’s website it notes that First American has “taken certain systems offline” and that it is working to resume normal business operations as soon as possible.

Clients 528

Clients Real Estate Business Mortgage 528

Real Estate News

DECEMBER 18, 2023

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.

Mortgage 306

Mortgage 306

Eyes on Housing

DECEMBER 18, 2023

After years of being unable to ratchet up the number of new workers coming from outside the U.S. to help with persistent labor shortages, the construction industry reversed this trend and managed to attract over 90,000 new immigrant workers, levels unseen since the housing boom of 2005-2006.

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Construction 193

Inman

DECEMBER 18, 2023

Don't let sellers put off listing until 2024. Coach Darryl Davis says it's time to share the good news about hitting the market during the holiday season.

Sellers 197

Sellers Marketing Agents 197

Housing Wire

DECEMBER 19, 2023

Boom! Housing starts had an epic beat Tuesday, which usually means the data will get revised lower at some point, but one thing is for sure: the housing starts and new home sales sector came to throw shade at the 2023 recession crowd. Many say housing leads the economy into a recession, which has been the case for decades since higher rates tend to put the U.S. economy into a recession.

Construction 526

Construction Housing Market Investors Marketing 526

Real Estate News

DECEMBER 20, 2023

Lending changes, outside-the-box compensation options and some amount of agent attrition are likely outcomes, say T3 Sixty executives.

Lending 299

Lending Agents 299

Eyes on Housing

DECEMBER 18, 2023

Falling mortgage rates helped end a four-month decline in builder confidence, and recent economic data signal improving housing conditions heading into 2024. Builder confidence in the market for newly built single-family homes rose three points to 37 in December, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Housing Market 187

Housing Market Mortgage Marketing 187

Inman

DECEMBER 22, 2023

Colony Ridge, the developer of more than 40,000 lots northeast of Houston, says its clients have no opportunity to get a loan from anyone else and dismisses federal lawsuit as baseless.

Development 195

Development Marketing Clients Mortgage 195

Housing Wire

DECEMBER 21, 2023

Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. This week’s dip is the largest weekly drop since November 2022. The 30-year, fixed mortgage rate averaged 6.67% for the week ending Dec. 21, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down from last week’s 6.95% and up from 6.27% the same week a year ago.

Mortgage 511

Mortgage Inventory Construction Marketing 511

Real Estate News

DECEMBER 21, 2023

Following a review, Top Agent Network's lawsuit challenging NAR's Clear Cooperation policy — which had been dismissed in 2021 — will be able to proceed.

Agents 297

Agents 297

Eyes on Housing

DECEMBER 22, 2023

Elevated mortgage rates acted as a drag on new home sales in November, but with the economy now apparently past peak interest rates for this cycle, sales are expected to rise as we move into the new year. Sales of newly built, single-family homes in November fell 12.2% to a 590,000 seasonally adjusted annual rate, according to newly released data.

Mortgage 179

Mortgage 179

Inman

DECEMBER 22, 2023

Two days after being hit by a cyberattack, the title insurance giant says it's still trying to restore operations and warns clients that it's taken its email system offline.

Clients 195

Clients Insurance Technology Mortgage 195

Housing Wire

DECEMBER 18, 2023

A decline in mortgage rates since November helped end four months of declines in builder confidence. Recent economic readings suggest improving housing conditions in 2024. Builder confidence gained three points to 37 in December, the first monthly increase since July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Mortgage 497

Mortgage Development Buyers Housing Market 497

Real Estate News

DECEMBER 19, 2023

The latest NAHB survey shows improving builder confidence, and even Fannie Mae’s more bearish economists see a recovery ahead.

Mortgage 290

Mortgage 290

Eyes on Housing

DECEMBER 19, 2023

Single-family construction surged in November as lower mortgage rates helped to assuage affordability concerns and unleash pent-up demand for housing. Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate of 1.56 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

Construction 174

Construction Development Mortgage 174

Inman

DECEMBER 20, 2023

The real estate portal pulled user search data and other metrics to find the top markets where people looked to move to in 2023.

Marketing 195

Marketing Real Estate Brokerage 195

Housing Wire

DECEMBER 19, 2023

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. 1. Technology 2024: Proptech challenges and profitability pursuit The proptech sector, a technological cornerstone of the real estate space heavily reliant on venture capital, has encountered formidable challenges in the past year.

Real Estate 493

Real Estate Marketing Technology Tenants 493

Real Estate News

DECEMBER 18, 2023

The former eXp CEO is resigning from the company’s board and reported selling 60,000 shares of company stock last week.

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Eyes on Housing

DECEMBER 21, 2023

Consumer confidence jumped to a five-month high as consumers were more optimistic about inflation and the economic outlook. This optimism was primarily driven by slowing inflation, expectations of lower interest rates, and fading fears of recession. The Consumer Confidence Index, reported by the Conference Board, rose 9.7 points from 101.0 to 110.7 in December, the highest level since August 2023.

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172

Inman

DECEMBER 20, 2023

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey.

Real Estate 194

Real Estate Technology Brokerage Agents 194

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We will continue to fight,” Kasper told Kelly Evans of CNBC’s The Exchange last Thursday.

Real Estate 488

Real Estate Realtors Buyers Real Estate Agent 488

Real Estate News

DECEMBER 21, 2023

First American Financial is the latest real estate service provider to be targeted by hackers.

Insurance 279

Insurance Real Estate 279

Eyes on Housing

DECEMBER 20, 2023

Existing home sales rose in November from a 13-year low, ending a five-month decline, according to the National Association of Realtors (NAR). This increase in sales was driven by a strong gain in the South, where homes are considered more affordable. Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops rose 0.8% to a seasonally adjusted annual rate.

Realtors 167

Realtors Mortgage 167

Inman

DECEMBER 22, 2023

According to Realtor Trina Gonzales-Van, additional fees to buyers, especially in marginalized communities, has the potential to create more barriers to homeownership.

Buyers 194

Buyers Realtors Agents Marketing 194

Housing Wire

DECEMBER 20, 2023

It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce at his company. So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation fr

Loan Officers 482

Loan Officers Clients Law Legal 482

Real Estate News

DECEMBER 21, 2023

For those who can find a home to buy, falling rates will provide significant relief.

Mortgage 279

Mortgage 279

The Appraiser Coach

DECEMBER 19, 2023

I’ve started getting into investing over the last couple of years, and I had an experience related to that that I want to share with you. I started looking at getting into short-term rentals. I’m smart enough to know what I don’t know, and I started looking for someone who could teach me how to make this work. I found a group that sounded really promising.

Business 150

Business Appraisal Investing Inspection 150