Tue.Sep 26, 2023

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The Return of Normal Seasonality for Home Price Appreciation

Keeping Current Matters

If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices?

Marketing 359
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Builders only have 76,000 completed new homes for sale

Housing Wire

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. But they still only have 76,000 completed units for sale today. That’s right — for all the hype of massive housing inventory coming from the builders, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved.

Sales 524
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Case-Shiller: Home prices peaked this summer

Real Estate News

Prices in July topped last year’s high, but slowing demand due to elevated mortgage rates is expected to bring price declines and soften new home sales.

Mortgages 325
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Unsold homebuilder inventory is ticking up as new home sales slow

Housing Wire

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% compared to July , reaching a seasonally adjusted annual rate of 675,000. On a year-over-year basis, new home sales were up 5.8%.

As-is 511
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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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5 takeaways as titans tackle real estate’s hottest topics

Real Estate News

Industry heavyweights — and former rivals — Spencer Rascoff and Glenn Kelman addressed some of the toughest issues facing real estate in a lively discussion.

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Home inventory is climbing even faster than this time a year ago

Housing Wire

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable.

Mortgages 505

More Trending

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US home prices continued to rally in July 2023

Housing Wire

After three consecutive months of annual price declines, home prices in July were up 0.98%, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted an increase of 0.6%, while the 10-City posted a 0.8% increase and 20-City Composite a 0.9% increase. “U.S. home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said.

MLS 482
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Keller Williams scoops up top New Orleans agent

Inman

Chris Smith joins Keller Williams from Latter & Blum. The move comes as major real estate brands compete intensely for top talent.

Agents 193
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Plunk partners with two real estate industry marketing platforms

Housing Wire

Plunk , an AI-powered home analytics platform, has partnered with two real estate industry marketing companies, Union Street Media and Realforce , to scale its real-time data and analytics across multiple digital channels. Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities. The company is partnering with Union Street Media, a leader in business strategy marketing, providing integrated campaigns across web, mobile, voice, search engine o

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Investors coalesce around #Retwit as Re-convene returns to California

Inman

As Re-convene returns to Santa Monica this week, investors nationwide will be following along on Twitter, where an enthusiastic community of investors has leaned into social media in a big way.

Investor 187
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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California looks to change rules for homeowners insurance carriers

Housing Wire

Homebuyers and homeowners in California have a reason to celebrate. The state’s top insurance regulator announced last Thursday that new rules are in the works to persuade insurers to remain in the state. Over the past 12 months, seven of the 12 largest insurance companies by market share in California have either paused or restricted new policies in the state, highlighted by the departures of State Farm and Allstate in early June 2023.

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Miami building demolition paused after debris crashes onto walkway

Inman

Bystanders scream in shock as video shows a massive piece of concrete get knocked onto the sidewalk and street below.

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As mortgage biz suffers, Blend sees unified banking platform as the key to growth

Housing Wire

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. And it is putting its new cloud-based Blend Builder platform front and center. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day.

Banks 448
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The ‘lock-in effect’ is real. Lean into it to generate more leads

Inman

Author and trainer Bernice Ross talks to distressed property expert Rick Sharga about the interest rate lock-in effect, how it's impacting current buyers and sellers, and where the market is headed next.

Marketing 187
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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FHFA considers exceptions for Enterprises aiming to acquire mortgages with shared equity features

Housing Wire

The Federal Housing Finance Agency (FHFA) is moving to consider an amendment to current regulations that restrict Fannie Mae , Freddie Mac and federal home loan banks from purchasing, investing in or dealing in mortgages on properties encumbered by certain types of private transfer fee covenants (PTFCs), according to an entry published in the Federal Register on Tuesday.

Equity 448
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Douglas Elliman fair housing case reveals agent confusion over law

Inman

A discrimination lawsuit filed in August by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several Douglas Elliman agents has brought to light misconceptions about agent obligations when it comes to fair housing.

Agents 186
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Top New Orleans agent makes the jump to Keller Williams

Housing Wire

Keller Williams New Orleans is getting a major boost. The city’s top agent by both sales volume and transaction sides in 2022 is joining the firm, according to an announcement on Tuesday. Chris Smith, a 20-year industry veteran, is leaving Latter & Blum for Keller Williams New Orleans. Latter & Blum is an independent brokerage based in New Orleans, which serves clients throughout the Gulf Coast, including those in Louisiana , Texas and Mississippi.

Agents 435
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Home prices continue to rise, with no end in sight

Inman

U.S. home prices climbed 0.6 percent between June and July and reported an annual increase of 1 percent, erasing earlier declines.

Marketing 183
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Compass nabs Quinn & Co. Realty Group in Madison

Housing Wire

Quinn & Co. Realty Group joined Compass as its founding team in Madison, Wisconsin , the company announced on Tuesday. The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. The move comes amid a time of growing demand for second homes and low-tax markets, including those in Wisconsin, according to Compass’s mid-year, ultra-luxury report.

Principal 435
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Remembering LA Times reporter, Inman contributor Dave Myers

Inman

The Pulitzer Prize-winning real estate writer was a pioneering figure in journalism and was one of the early contributors to Inman's industry coverage.

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Mortgage Machine Services taps Dan McGrew to lead sales 

Housing Wire

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. “As Mortgage Machine Services continues to pioneer technology for the mortgage industry, we knew we needed a seasoned and innovative thinker like Dan to help us deliver these innovations to the masses

Sales 435
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Remote landlord? How to manage a rental from across the country

Inman

More investors are maintaining rental properties from far away. Find out how to make that long-distance landlord more manageable.

Investor 178
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Acra Lending partners with solutions provider Tavant

Housing Wire

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. It is also turning Acra’s business into a technology-first one, the statement said. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.

Lending 435
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Don’t hang up (yet)! What you can learn from cringey spam calls

Inman

While you probably don't want to listen to those spammy sales calls, they can teach you something about what to do, and what not to do, in your business.

Sales 177
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Ocrolus launches new mortgage dashboard

Housing Wire

Ocrolus , an AI-driven financial document automation platform, has launched an enhanced dashboard for mortgage lenders, the company announced on Tuesday. Among other features, the new solution will allow lenders to automate income calculations for both traditional and self-employed borrowers using automated, transparent and flexible worksheets, the statement said.

Mortgages 435
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Christie’s International Real Estate launches affiliate in Park City

Inman

The luxury network's new office in the state of Utah will help provide crucial referrals to clients in feeder markets where Christie's has an existing presence, Inman has learned exclusively.

Marketing 174
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Real estate agents are staying put: Relitix

Housing Wire

Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, on a trailing twelve month’s basis, mobility hit its 10-year high in June of 2021 at an index value of 109.4.

Agents 434
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Matterport calculates square feet, labels rooms with latest AI update

Inman

The feature is in beta mode and, upon formal rollout, will allow agents instant access to room dimensions and total square footage by room and floor, according to an announcement Tuesday.

Agents 169
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Robert Howerton joins Dovenmuehle as chief information officer

Housing Wire

Dovenmuehle Mortgage , a top mortgage subservicing company, has appointed Robert Howerton as chief information officer to oversee the company’s IT infrastructure, the company announced on Tuesday. His responsibilities will include maintaining and expanding Dovenmuehle’s current information technology (IT) infrastructure. “Today’s tech-driven mortgage environment demands a leader of Robert’s caliber who can balance thoughtful innovation with maintaining a sound, safe and compliant operating envir

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Douglas Elliman fair housing case reveals agent confusion over law

Inman

A discrimination lawsuit filed in August by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several Douglas Elliman agents has brought to light misconceptions about agent obligations when it comes to fair housing.

Agents 167
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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.