Housing Wire

FEBRUARY 26, 2024

The homebuilders only have 80,000 completed new homes for sale — in a country of over 336 million people with more than 157 million people working. Why so low? Well, builders are in business to make money, they’re not a charity. It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready.

Construction 532

Construction Business Contracts Marketing 532

Sacramento Appraisal Blog

FEBRUARY 29, 2024

I’ve been asked this question twice this week. Is it a problem to remove the tubs from each bathroom? People planning a remodel asked if it was a big deal or not to only have a walk-in shower in each bathroom. Here are my thoughts, and I really want to hear from you too. Anything […] The post Is it a problem to remove all bathtubs in a house?

Appraisal 426

Appraisal Market Value Real Estate Marketing 426

Real Estate News

FEBRUARY 27, 2024

Keller Williams’ charismatic co-founder kicked off the Family Reunion event with his hot takes on the housing market “winter” and how to get through it.

Buyers 347

Buyers Agents Housing Market Marketing 347

Inman

FEBRUARY 24, 2024

The beauty of events is that your options are endless for creating an inspiring, authentic and meaningful way to connect, broker Pam Blair writes.

Clients 202

Clients Real Estate Brokerage Agents 202

Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. According to a copy of an email sent to affected originators this week and reviewed by HousingWire, the Rocket Pro Originate platform — part of the company’s third-party origination channel — is to be sunset by the end of June.

Real Estate 516

Real Estate Insurance Agents Real Estate Agent 516

George Dell

FEBRUARY 28, 2024

“I never make adjustments,” said the MAI who first trained me. He was a top litigation appraiser. He explained that if he made an adjustment he had no way to explain how he got the number when cross-examined by the opposing attorney. Instead, he used what is called ‘qualitative analysis.’ The Appraisal of Real Estate […] The post Are Adjustments Necessary?

Training 195

Training Real Estate Appraisal Valuation 195

Inman

FEBRUARY 28, 2024

The Consumer Federation of America, a watchdog group, examined 43 contracts from 37 states, most from state or local Realtor associations, and found practices it believes worthy of scrutiny.

Contracts 200

Contracts Buyers Realtors Brokerage 200

Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. As someone who doesn’t believe the Federal Reserve has pivoted and that the Fed enacted a COVID-19 housing policy to keep existing home sales depressed, It’s not shocking to me that rates are still this high, even though we had lower rates with a higher growth rate of inflation data.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

The Appraiser Coach

FEBRUARY 27, 2024

I’ve already shared with you what I believe the most important key to success is: taking action. Without action, your ideas will never come to fruition. Period. Here, I’m going to tell you about the second most important key to success. When paired together, these two keys to success become a true powerhouse. The second key to success is confidence; confidence in your ideas and confidence in yourself.

Development 195

Development Appraisal Inspection Business 195

Real Estate News

FEBRUARY 28, 2024

A new Realtor.com report found that the housing supply gap has grown considerably over the past decade as household formation has outpaced home construction.

Housing Market 312

Housing Market Construction Marketing 312

Inman

FEBRUARY 26, 2024

Above-average prices, buyer demand, a fast market pace and lower competition make April the perfect blend for a springtime boom.

Buyers 197

Buyers Marketing 197

Housing Wire

FEBRUARY 29, 2024

The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. That’s when the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will acquire single-family loans based on the FICO 10T and VantageScore 4.0 credit models, replacing the Classic FICO score that has been in place for decades.

Government 501

Government Lending Mortgage Finance 501

Eyes on Housing

MARCH 1, 2024

Over the past decade, use of the term “barndominium” (indicating a structure that is, in some sense, a combination barn and condominium) has become increasingly widespread in real estate media outlets. In fact, the term has become popular enough for NAHB to include a question about it in its survey for the February 2024 NAHB/Wells Fargo Housing Market Index.

Real Estate 183

Real Estate Housing Market Marketing 183

Real Estate News

FEBRUARY 27, 2024

Despite market challenges, the Case-Shiller Index was up 5.5% annually in December, exceeding national averages over the past three decades.

Marketing 306

Marketing 306

Inman

FEBRUARY 27, 2024

Aaron Hendon shares some strategies to keep negative thoughts away and visualize good things for our businesses, especially when things are difficult.

Business 195

Business Agents 195

Housing Wire

FEBRUARY 26, 2024

The cost of owning a condominium in Florida has shot up significantly in recent months, prompting a wave of homeowners to offload their properties. The cost of homeowners insurance has surged in Florida as insurance companies have grappled with significant losses due to an increase in natural disasters. The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin.

HOA 501

HOA Law Insurance New Listings 501

Eyes on Housing

MARCH 1, 2024

NAHB analysis of Census data shows that private residential construction spending rose 0.2% in January 2024, the second month of gains in a row. It stood at a seasonally adjusted annual pace of $900.8 billion. The monthly increase in total construction spending is attributed to more single-family construction. Spending on single-family construction rose 0.6% in December.

Construction 183

Construction 183

Real Estate News

MARCH 1, 2024

C21 President and CEO Mike Miedler says growth is more than numbers, it’s creating opportunities for the future — and being “ready, willing and able to grow.

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Inman

FEBRUARY 27, 2024

Rent is now 0.7 percent lower for one-bedroom rentals nationwide than it was a year ago, but not in all markets, new report shows.

Marketing 195

Marketing 195

Housing Wire

FEBRUARY 27, 2024

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) this week announced the awarding of more than $14.5 million that will be distributed by public housing agencies (PHAs) across the country in an effort to house veterans. The funds will be distributed by the PHAs through more than 1,400 HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers.

Tools 497

Tools Development 497

Eyes on Housing

FEBRUARY 28, 2024

An earlier post published last month shows that young adults ages 25-34 continued the post-pandemic trend of moving out of parental homes with the share of those living with parents or parents-in-law dropping to 19.1% in 2022. Geospatial analysis of the 2022 ACS data reveals substantial differences across states, with the Southern and Northeastern states registering some of the highest.

Law 167

Law 167

Real Estate News

MARCH 1, 2024

A Realtor.com survey of new home buyers reveals who is buying and what they want from real estate agents — their advocates in the purchase process.

Buyers 298

Buyers Agents Real Estate Agent Construction 298

Inman

FEBRUARY 29, 2024

The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents.

Technology 193

Technology Agents Realty 193

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 6.26% this week, down from 6.29% during the prior week.

Mortgage 493

Mortgage Construction Buyers Inventory 493

Eyes on Housing

FEBRUARY 26, 2024

Stable mortgage rates at the beginning of 2024 helped new home sales to increase in January. Sales of newly built, single-family homes in January increased 1.5% to a 661,000 seasonally adjusted annual rate from a downwardly revised reading in December, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S.

Development 167

Development Mortgage Construction 167

Real Estate News

FEBRUARY 28, 2024

The Consumer Federation of America analyzed 43 agreements and concluded that they generally served to protect agents but offered few benefits to buyers.

Buyers 298

Buyers Agents 298

Inman

FEBRUARY 26, 2024

Learn how to boost your marketing by understanding today's home buyers and sellers, their motivations and desired home features.

Sellers 193

Sellers Buyers Marketing 193

Housing Wire

MARCH 1, 2024

By and large, homeowners who are 60 and older love where they live and have a preference to age in place. They may also see the equity in their homes as a “financial reserve” and are generally confident in their retirement plans, but they are far less interested in employing their home equity in retirement. This is according to Doug Duncan, chief economist at Fannie Mae , in a new blog post that explores the homeownership patterns of older Americans.

Government 488

Government Mortgage 488

Eyes on Housing

FEBRUARY 27, 2024

National home prices continued to increase, hitting a new all-time high in December. Despite high mortgage rates, limited inventory and strong demand continued to push up home prices. Locally, six of 20 metro areas, experienced negative home price appreciation in December. The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI), reported by S&P Dow Jones Indices, rose at a.

Inventory 163

Inventory Mortgage Construction 163

Real Estate News

FEBRUARY 28, 2024

Mark Willis challenged KW Family Reunion attendees to own their full potential and get back on a growth trajectory after a tough year.

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298

Inman

FEBRUARY 26, 2024

Discover Offerpad, founded by a former agent with firsthand experience, providing innovative and customized solutions for sellers and buyers nationwide for fast, convenient real estate transactions.

Agents 193

Agents Real Estate Sellers Buyers 193

Housing Wire

MARCH 1, 2024

The U.S. Department of Agriculture (USDA) announced on Friday that it has lowered the interest rates for its single-family housing (SFH) direct home loan programs as of March 1, according to an email update sent out earlier this week. Section 502 SFH Direct rates are now 4.5%, SFH non-program rates are now 5% and Section 524 rural housing site loans now have a 4.5% rate.

Design 488

Design Construction Development Mortgage 488

Boston Appraisal

FEBRUARY 29, 2024

The post Factors that affect your property value appeared first on Boston Appraisal Services.

Appraisal 148

Appraisal 148

Real Estate News

FEBRUARY 24, 2024

For Jay Thompson, starting his own firm was a career highlight. He lays out the pros and cons, and the questions agents should ask when pondering this big move.

Agents 296

Agents Brokerage 296