Thu.Jul 29, 2021

Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice.

Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

Keeping Current Matters

Some veterans are finding it difficult to obtain a home in today’s market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

How Delta variant may impact housing market

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal.

Housing Nearly 17% of GDP

Eyes on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Pending home sales dip as “seesaw” market continues

Housing Wire

Following a robust May, pending home sales declined in June. Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. The overall pending home sales index fell 1.9% to 112.8

Sales 375

More Trending

Fair housing complaints remained elevated in 2020

Housing Wire

Stay-at-home orders spurred by the COVID-19 pandemic did not have a notable impact on the velocity of fair housing complaints received in 2020 by organizations, according to a yearly trends report published by the National Fair Housing Alliance this week.

What to Know About Closing on a Home

Point2Homes

Image: Friends Stock / Shutterstock.com. As you plan to purchase your first home, you might find that there are a few stressful aspects of the homebuying process that can make or break your purchase: One is when you first apply for a mortgage and another is when you close on a house.

Mortgage rates creep up slightly to 2.80%

Housing Wire

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS.

SEO made simple: 2 main things agents should focus on

Inman

Optimizing your website for SEO can be a daunting task for a lot of agents — but it's key to driving potential leads to your business. Here are two simple ways you can improve your site's visibility.

Agents 153

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

Getting Ready to Buy a Home? Ask Yourself These Questions First

Lighter Side of Real Estate

When you buy a home, you want to make sure you’re ready and prepared. And the best way to do that? Asking yourself the right questions. A recent video from realtor.com outlined key questions potential buyers should consider before purchasing a home, including: Will I qualify for a mortgage?

How servicers can tackle the latest real estate tax challenges

Housing Wire

The high loan volumes in the last 12 months have left some borrowers and servicers facing issues related to real estate taxes.

IBuyer offers are clocking in at an average of 104% of market value

Inman

Amid a highly competitive market in the first half of 2021, iBuyers began making more competitive offers and expanding the range of homes they were willing to purchase.

iBuyer 139

Ginnie Mae should protect smaller issuers

Housing Wire

Earlier this month, Ginnie Mae proposed significant increases in financial requirements for independent mortgage bank issuers and a new bank-like risk-based capital requirement.

Banks 341

Vacation rental giant Vacasa to go public with $4.5B valuation

Inman

The rental management giant is merging with TPG Pace Solutions in a bid to go public via a special purpose acquisition company, or SPAC.

iBuyer 139

Realogy makes money amid home sale boom

Housing Wire

What a difference a year makes. Residential real estate brokerage conglomerate Realogy reported a net income of $149 million on its quarterly earnings call Thursday. The New Jersey-based company tallied $2.3

Sales 328

Real estate empire to non-union employees: Get vaxxed or be fired

Inman

The Durst Organization, which develops, owns and manages commercial and residential properties across New York, will require non-union employees to be vaccinated by Sept. News Brief Alex Caragiannides Robert Alan Durst. The Durst Organization The New York Post The Washington Post

Freddie Mac posts $3.7B in net income for Q2 2021

Housing Wire

Freddie Mac reported $3.7 billion in net income in the second quarter of 2021, exceeding each of the previous four quarters. The government sponsored entity said the increase was due to higher net revenues and a credit reserve release. Its net revenues increased $1.7 billion year-over-year to $5.9

Loans 311

3 looming shifts that could change real estate

Inman

Increased regulatory enforcement and the ending of IC status are just a few of the possible changes that could greatly impact the way we do business. Here's what agents should prepare for.

Kudos: Houston-area Realtor plans to build community center, family park

Housing Wire

Texas-based Realtor Jordan Schilleci with her clients at Chicago Title for closing.

Title 311

Banks offer exposure to mortgage risk — and investors want in

Inman

The new bond products offer higher yields in a low-interest-rate environment. But if the loans go bad, investors are on the hook.

Banks 139

United RE Q2 explosive growth driven by tech, low-fee+ brokerage model

Housing Wire

After spending a decade building a proprietary technology and productivity platform, United Real Estate Group is seeing its growth explode, according to Q2 2021 earnings report. Is technology finally providing the key to success?

Update: Announcing the agenda for Luxury Connect

Inman

The Luxury Connect agenda is action packed. From inspiring insights onstage to amazing networking opportunities offstage, you’ll have every chance to learn from and network with top producers from across the country. Grab your ticket now before prices go up on Aug.

Tax Advantages of Owning a Home

Maximum Exposure Real Estate

Tax Advantages That Come From Homeownership Do you know the tax benefits of owning a home? Over my three decades of selling real estate, lots of renters have asked me this question. It has long been understood that there are considerable financial benefits to owning a home.

Fed will keep buying $40 billion in mortgages every month

Inman

As Fed's balance sheet approaches $8 trillion, policymakers say path of the economy continues to depend on the course of the pandemic. Markets & Economy Mortgage Select federal reserve James Bullard Jerome Powell mortgage rates mortgage-backed securities tapering

#329: Challenging Your Confirmation Bias, with Economist Larry Kotlikoff

Afford Anything

Have you ever thought about how an economist views financial planning? Would you guess that it’s vastly different from how some financial planners approach this work? Today’s guest, Laurence Kotlikoff, is a Professor of Economics at Boston University.

Hippo debuts inspection insurance to cover homes’ structural issues

Inman

The product functions similarly to a home warranty, except that it covers structural items such as roofs and foundations. Industry News News Brief Technology Daniel Blanaru hippo home inspections home warranty Inspectify inspections insurance

Real Estate Investors Bumping Buyers in 31 Top Markets

RIS Media

Are real estate investors creating excessive competition amid the inventory shortage? According to a new report from realtor.com®, some markets are being hit hard by investor activities, while others are benefitting.

Startup homebuilder Welcome Homes hires Compass executive

Inman

With the hire of Benjie Burford, Welcome Homes is poised to grow its personnel by 500 percent and expand into multiple markets by next year.