Fri.Jul 07, 2023

article thumbnail

Will labor data send mortgage rates to 8%?

Housing Wire

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. The question is: will the labor data push mortgage rates to 8%? In my 2023 forecast , I wrote that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to mortgage rates betwee

Mortgages 448
article thumbnail

'Threads' is taking off — here's why you should try this Twitter alternative

Real Estate News

Yes, there's a new social media app in town. It might be a fad — or the next big thing — but getting on board now could reap dividends for your business.

264
264
Insiders

Sign Up for our Newsletter

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

article thumbnail

Nationwide Property and Appraisal Services acquires Integrity Appraisal Management

Housing Wire

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition of Integrity will help NPAS strengthen its ability to expand market reach and enhance product and service offerings, the company said in a statement.

Equity 424
article thumbnail

Buydowns, rate lock fees can be powerful negotiation tools

Real Estate News

In this high-interest rate, low-inventory environment, creative financing tactics can help agents and their clients seal the deal.

Finance 264
article thumbnail

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.

article thumbnail

Consumers may be coming to terms with elevated rates and high home prices: Fannie Mae

Housing Wire

Consumer confidence in housing may have plateaued, according to the latest home purchase sentiment index (HPSI) by Fannie Mae. The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.4 points to 66 as difficult supply and affordability conditions continue to weigh on the housing market, according to Fannie Mae.

Sales 417
article thumbnail

Hanna’s move to limit listings: Conversation starter or something more?

Real Estate News

The country’s largest independent brokerage recently pulled out of IDX in the Cleveland area, touching off widespread discussion. Will its approach catch on?

Brokerage 264

More Trending

article thumbnail

Slow job growth could signal an economic shift

Real Estate News

A lackluster June jobs report suggests the Fed’s aggressive fight against inflation may finally be working, which could influence future rate hikes.

256
256
article thumbnail

What does the fix-and-flip market look like right now?

Housing Wire

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors. But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-a

Marketing 370
article thumbnail

The Benefits of Downsizing for Homeowners [INFOGRAPHIC]

Keeping Current Matters

Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.

252
252
article thumbnail

Job gains slow in June, but are probably still too hot to sway the Fed

Housing Wire

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Job gains were relatively solid yet again in June, with total nonfarm payroll employment reaching 209,000 jobs, compared to 339,000 in May , according to data released Friday by the Bureau of Labor Statistics. This increase is slightly under the average monthly gain of 341,000 jobs over the past 12 months.

article thumbnail

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.

article thumbnail

Is this really who we ‘R’? 

Inman

In the face of new harassment allegations at the highest levels of leadership, where is the outrage? asks speaker and writer Valerie Garcia. Is this who we are as Realtors?

As-is 167
article thumbnail

FHFA issues notice of potential changes to Suspended Counterparty Program

Housing Wire

The Federal Housing Finance Agency (FHFA) on Friday issued a notice of proposed rulemaking that would amend its Suspended Counterparty Program (SCP) to include additional forms of misconduct as a basis for keeping regulated entities from doing business with organizations found to have committed fraud. “The SCP regulation requires any of FHFA’s regulated entities to submit a report to FHFA if the regulated entity becomes aware that an individual or institution with which it does business has been

Banks 367
article thumbnail

Americans resigned to high home prices, mortgage rates: Fannie Mae

Inman

Consumer confidence in the housing market "appears to have plateaued at a relatively low level," said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday.

Mortgages 167
article thumbnail

Nationwide Property and Appraisal Services acquires Integrity Appraisal Management

Housing Wire

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition of Integrity will help NPAS strengthen its ability to expand market reach and enhance product and service offerings, the company said in a statement.

Equity 366
article thumbnail

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.

article thumbnail

Virginia is for lovers, irked buyers, stubborn sellers and bidding wars

Inman

Despite sales falling by double-digits, agents and brokers in Alexandria, Richmond and Norfolk, Virginia, anticipate a summer of heated bidding wars, tough negotiations and market headwinds.

Agents 158
article thumbnail

Luxury Real Estate Headlines, First Week in July 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Sonoma, California | Sotheby’s International Realty – Sonoma Brokerage The renovated residence overlooks Mt. Diablo, the San Pablo Bay and the San Francisco skyline. Decorist Founder Selling California Wine Country Home for $12.5 Million – Mansion Global In Beverly Hills, Even the Cheapest Homes Cost Millions – The Wall Street Journal Asheville Was Already Cool—Now It’s Luxe – Barron’

article thumbnail

Smart, easy Azibo soothes the pain points of owning investment property: Tech Review

Inman

Azibo is a browser app to help property owner-operators who manage anywhere from five to 50 units get a handle on their finances, tenants and portfolio.

Finance 158
article thumbnail

New Survey From Opendoor Reveals Interesting Trends—Guess What Groups are Getting Competitive

Bigger Pockets

If you’re planning on buying or selling an investment property, having a handle on market conditions is critical. Can you expect a bidding war?

Marketing 128
article thumbnail

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.

article thumbnail

5 years after Amazon staked its claim in Virginia, luxury is thriving

Inman

Since Amazon announced its ambitious HQ2 plans in 2018, Arlington's lower-tier luxury market has been ravaged by homebuyers and developers alike — and the rush show no signs of slowing.

article thumbnail

Rookie Reply: How to Get 100% Financing for ALL of Your Real Estate Deals

Bigger Pockets

100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate.

Finance 128
article thumbnail

Mosaik rolls out AI-backed home search as stand-alone product

Inman

Collaborative, AI-backed home search that allows buyers, agents and family members to browse and consider options in unison based on a "wishlist" is now available to enterprise accounts.

Agents 148
article thumbnail

How to Buy a Vacation Rental Property

Bigger Pockets

Have you ever given thought to possibly purchasing a vacation rental property? If so, have we got the guide for you! Read on to learn how to buy one.

122
122
article thumbnail

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.

article thumbnail

NAR hunkers down as agents push back: The Download

Inman

This week: As NAR dismisses harassment claims, women in the industry speak up about what they've seen up close and personal.

Agents 148
article thumbnail

How to Sell My House Fast in Washington: Cash Offer Options

HomeLight

Facing the task of selling your house fast can seem daunting, particularly when every tick of the clock counts. If you’re a homeowner in Washington confronted with the urgency to sell your home, you have options. Whether you’re facing a financial deadline, a life transition, or the responsibility of an inherited or distressed property, a quick home sale may be the solution you need.

article thumbnail

Fredrik Eklund swaps coasts in move from Los Angeles to Miami

Inman

With the move, Eklund also announced that he and husband Derek Kaplan will be renting out their 5,700-square-foot Beverly Hills home for $50,000 per month. He cited increased business and his children's education as key reasons for their relocation.

Agents 148
article thumbnail

First Impressions Matter – Get Your Home Market Ready

Coldwell Banker

If you are considering selling your home, there are several things you can do now to make the best first impression on potential buyers. Taking the time to declutter, deep clean and make simple repairs will show buyers that your house and property are well-maintained and ready for a new owner. Increase Curb Appeal A […] The post First Impressions Matter – Get Your Home Market Ready appeared first on Coldwell Banker Blue Matter.

article thumbnail

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.

article thumbnail

How we’re using QR codes for high-impact real estate marketing

Inman

Stop sending the same-old, same-old marketing collateral, writes DOORA Creative Director Janet Pozos. Use QR codes to make everything you provide more meaningful.

Marketing 148
article thumbnail

Annual Our Lady of Mount Carmel Italian Feast Kicks Off in Williamsburg

Brownstoner

A Williamsburg parish officially began the 136th annual Our Lady of Mount Carmel Feast, a street festival full of Italian eats, music and games, with an opening mass and processional on July 5. The 12-day festival, which dates back to 1887, celebrates Italian culture and tradition with tons of vendors… Read More > The post Annual Our Lady of Mount Carmel Italian Feast Kicks Off in Williamsburg appeared first on Brownstoner.

98
article thumbnail

Builder hiring ramps up while real estate brokerages keep pace

Inman

Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics.

Brokerage 148
article thumbnail

Multifamily Rental Market Will See Challenges This Summer

RIS Media

Multifamily fundamentals remained healthy through the first half of the year, but doubts abound about the impact of interest rates on the economy and capital markets, according to a new report from Yardi Matrix. Yardi Matrix’s Multifamily Outlook for the summer of 2023 stated that demand is holding up, fueled by ongoing robust job growth… The post Multifamily Rental Market Will See Challenges This Summer appeared first on RISMedia.

article thumbnail

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.