Will Home Prices Fall This Year? Here’s What Experts Say.
Keeping Current Matters
MAY 10, 2022
Many people are wondering: will home prices fall this year?
Keeping Current Matters
MAY 10, 2022
Many people are wondering: will home prices fall this year?
Housing Wire
MAY 10, 2022
This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.
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GeekEstate
MAY 10, 2022
This week, we interviewed Jay Reno from Feather. Let’s get to it! Who are you and what do you do? I’m the founder and CEO of Feather, a company that is redefining furniture rental for the modern generation. In 2017, I launched Feather as an accessible, design-forward and quality alternative to the growing problem of fast furniture. As someone who moved nine times in ten years, I saw the need to provide greater freedom and flexibility to a new generation of renters who are moving frequently
Housing Wire
MAY 10, 2022
Nonbank heavyweight loanDepot reported an unprofitable quarter largely due to a steep decline in origination volume and expense reductions that did not keep up with the rapidly changing environment. The firm said it doesn’t expect to have a profitable fiscal year, citing pressures on margins and lower market volume. . The California-based company reported a net loss of $91.3 million in the first quarter, compared to a net income of $14.7 million from the previous quarter.
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Fancy Pants Homes
MAY 10, 2022
Britney Spears’ name might be etched into our collective memory as the Princess of Pop that ruled the late 90s and early 2000s with hits like Baby One More Time , Oops!… I Did it Again , and Toxic. But due to her decades-long struggles with an overbearing conservatorship and tabloid bullying , the iconic singer’s legacy has grown into a telling tale on the pitfalls of stardom.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
MAY 10, 2022
In the first quarter of 2022, the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed a significant net share of banks reporting more relaxed lending standards and weaker demand for most categories of residential real estate (RRE) loans. “Significant” net shares of banks reported weaker demand for all RRE loan categories other than subprime.
Housing Wire
MAY 10, 2022
The nation’s largest wholesale lender, United Wholesale Mortgage (UWM), in the first quarter of 2022 posted an increase in margins and profits over the prior quarter, increasing its purchase volumes to record levels. But the Pontiac, Michigan-based lender’s total loan production fell during the same period, reflecting a shrinking mortgage market. .
The Mortgage Report
MAY 10, 2022
Today’s mortgage and refinance rates Average mortgage rates fell appreciably yesterday. They’d started the day rising but switched directions later in the day. This morning, it’s looking as if mortgage […].
Housing Wire
MAY 10, 2022
Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA).
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The Mortgage Report
MAY 10, 2022
Learn how to refinance a second mortgage, including options to refinance a home equity loan, HELOC, or piggyback loan.
Housing Wire
MAY 10, 2022
Detroit-based Rocket Companies , the parent of Rocket Mortgage , generated a whopping $1 billion profit in the first quarter, up from $865 million the previous quarter. Compared to its main competitors, the lender seems to be in a comfortable place. United Wholesale Mortgage (UWM) reported a much lower profit of $453.2 million from January to March, buoyed by adjustments in the fair value of mortgage servicing rights (MSRs).
Brownstoner
MAY 10, 2022
A federal official has said that current and future residents of Gowanus should know that the ongoing cleanup of the Gowanus Canal is “inadequate,” and will remain that way until the city finishes construction on two behind-schedule sewage retention tanks. “[We should be] getting the message out to people to know… Read More > The post Gowanus Canal Cleanup ‘Inadequate’ Until City Finishes Delayed Retention Tanks, EPA Warns appeared first on Brownstoner.
Housing Wire
MAY 10, 2022
The mortgage-servicing rights (MSR) market went on a tear at the start of 2022, and that hot streak has continued into the second quarter as interest rates on 30-year fixed mortgages continue to rise — now up 2 percentage points since the start of the year and still seemingly upward bound. As rates rise, MSR prepayment speeds drop — a byproduct of diminished refinancing activity.
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RIS Media
MAY 10, 2022
SkySlope, a real estate transaction software company, has launched Breeze, a streamlined application that aims to make disclosure forms easy for agents and sellers to complete, the company states. According to a release, SkySlope’s core product, SkySlope Suite, enables brokers, agents, auditors, and transaction coordinators to track their deals while remaining compliant.
Housing Wire
MAY 10, 2022
As the first quarter unfolded, macroeconomic risks created strong headwinds for mortgage companies. The greatest concern is quickly rising mortgage rates, resulting in overall margin compression and essentially a nonexistent market for refinances. Fannie Mae forecasted in early March that mortgage rates would approximate between 3.7% and 3.9% this year, but by April 7, the national average for a 30-year mortgage had already reached 4.72%.
Brownstoner
MAY 10, 2022
In the News New York’s Dancehall Parties Are 'A Different Type of Turn Up’ [NYT]. MTA Orders Bus Drivers Not to Open Back Doors to Combat Fare Evasion [NYP]. Mayor Adams Defends NYPD Arrest of Brooklyn Subway Vendor [amNY]. Bed Stuy Artist Is Devising Her Own Apartment With Her Dog, Mort… Read More > The post Daily Links: Mayor Backs Arrest of Longtime Broadway Junction Mango Vendor appeared first on Brownstoner.
Housing Wire
MAY 10, 2022
Despite a 40% year-over-year increase in market share to 1.4% during the first quarter of 2022, Doma Holdings was unable to produce a net profit. During the first quarter of 2022 , Doma recorded a GAAP net loss of $50.026 million, compared to a net loss of $11.8 million a year prior. In addition, the title insurer’s revenue was down 12% year over year from $127.8 million in Q1 2021 to $112.2 million in Q1 2022.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
RIS Media
MAY 10, 2022
Join me in a quick thought experiment: You only have 30 days to get your business ready for the next year. You’ve got 30 days, and then you’re not allowed to do anything to develop your business again until a year from now. Obviously, the idea of taking 11 months off from developing your business is a little absurd. We’re in it every day, always seeking to find that thing to take us to the next level.
HomeLight
MAY 10, 2022
Disclaimer: Company program details can frequently change. HomeLight always advises that you check a company’s website for the most up-to-date information. Whether you want to buy or sell a home, you’ll find a wealth of helpful information online. At some point in your journey, you may be curious to learn more about the difference between Redfin vs.
Realty Biz
MAY 10, 2022
Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Betty in WV: Hi Brian, We are in our early 70s and have lived in our home for over 20 years. We are retired and need a one-floor house, hopefully in a warmer state.
RIS Media
MAY 10, 2022
Your team needs direction, coaching, communication, focus, accountability and culture. Your best vehicle for providing all of these at the same time is your sales meeting. Your sales meetings can drive more listings, sales and ultimately income each week, and offers the best setting to provide your team with the necessary and relevant sales skills training and coaching and assist them in learning how to use your brand’s marketing and technology tools to create more clients and appointments.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Realty Biz
MAY 10, 2022
The Asian Real Estate Association of America , a national nonprofit trade organization focused on improving the homeownership rates of the Asian American Pacific Islander (AAPI) community, today released its 2022 State of Asia America report , a comprehensive review of the housing trends and associated issues facing the AAPI community. In addition to providing detailed data outlining homeownership related statistics and indicators, this year’s State of Asia report provides insights into the diff
RIS Media
MAY 10, 2022
For the month of February, 3.2% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.5 percentage-point decrease compared to February 2021, when it was 5.7%, according to CoreLogic’s latest Loan Performance Insights Report. To gain a complete view of the mortgage market and loan performance health, CoreLogic examines all stages of delinquency.
Brownstoner
MAY 10, 2022
Anyone familiar with Brooklyn's Kinko houses may well be intrigued by the possibility to own a unit in one that's turned condo. The early 20th century genre comprises two duplexes, each laid out like a house with its own private entrance, and this one is no exception. It's located on… Read More > The post Park Slope Tudor-Style Kinko Duplex Condo With Fireplaces, Secret Door, Terrace Asks $3.6 Million appeared first on Brownstoner.
RIS Media
MAY 10, 2022
Representative of the increasing presence of powerful agent teams on the real estate landscape, RISMedia’s 2022 Real Estate Newsmakers list includes many stand-out teams among its ranks. ACHIEVERS. Jon Lahey. The Fine Living Group at eXp. Reaching ICON Agent status less than six months after joining eXp, Lahey and his team expanded their reach across the United States.
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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
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