Housing Wire
AUGUST 11, 2023
The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround. “Buoyed by a resilient job market, homeowners are continuing to make their mortgage payments,” Marina Walsh, the MBA’s vice president of industry analysis, said in a statement.
Real Estate News
AUGUST 11, 2023
MLS system provider Rapattoni has been down since midweek, leaving tens of thousands of agents unable to add listings and update information.
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Housing Wire
AUGUST 11, 2023
Nearly one in ten homes in the U.S. are worth at least $1 million dollars, close to all-time-high levels of June 2022, according to a new report from Redfin. Just over 8% of homes are worth $1 million or more, not far off the high of 8.6% in June. This up s wing in home prices comes on the heels of a major dip in February, when only 7.3% hit the $1 million price threshold.
Real Estate News
AUGUST 11, 2023
Two regional studies of home sales found that properties listed on the MLS sold for significantly more than homes sold off-MLS.
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Housing Wire
AUGUST 11, 2023
After years of discussion , the U.S. Treasury Department is expected to propose a rule that would effectively end anonymous luxury home purchases in the coming weeks, according to the Financial Crimes Enforcement Network’s ( FinCEN ) regulatory agenda. The rule, which department officials first said they planned to implement in 2021, would require real estate professionals, such as title insurers, to report the identities of beneficial owners buying real estate in cash to FinCEN.
Real Estate News
AUGUST 11, 2023
E&V opens new shops in SW Florida, Atlanta; Caribbean firm joins Christie's; eXp gains 82-agent team; Premier Sotheby's hires managing broker; more.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
AUGUST 11, 2023
Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
Housing Wire
AUGUST 11, 2023
AG Mortgage Investment Trust, Inc. entered into a definitive agreement Tuesday to merge with Western Asset Mortgage Capital Corp., beating its competitor Terra Property Trust, Inc. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo, Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.
Real Estate News
AUGUST 11, 2023
The company reported significant year-over-year declines, with revenue taking a nearly 25% hit — but numbers were much improved over Q1.
Housing Wire
AUGUST 11, 2023
Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. While the industry as a whole has been adopting new technology , the appraisal process has remained relatively unchanged — right down to the forms used to complete them.
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.
Inman
AUGUST 11, 2023
The total worth of homes in the United States hit a record high of $46.8 trillion in June, overtaking the prior all-time high of $46.6 trillion set a year earlier, according to the analysis by Redfin Friday.
Housing Wire
AUGUST 11, 2023
New York-based digital lender Better.com will be going public via a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp. nearly two years after Better’s initial timeline to IPO. “At least 65% of the outstanding ordinary shares of the company entitled to vote at this meeting have voted in favor of (the) proposal,” Arnaud Massenet, CEO of Aurora Acquisition Corp, said in a shareholder’s meeting on Friday.
Inman
AUGUST 11, 2023
The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others.
Bigger Pockets
AUGUST 11, 2023
New data from Zillow notes a very important statistic about homeownership, but it doesn't end there. Could we be gearing up for another correction?
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Inman
AUGUST 11, 2023
Federal investigators are working with MLS software company, and its insurance carriers are negotiating with hackers, who have prevented new data from being input after the Aug. 9 attack.
Maximum Exposure Real Estate
AUGUST 11, 2023
The mill rate is an important factor in understanding property taxes in the US. It represents the taxes paid per dollar of a property’s assessed value. Property taxes are calculated by multiplying the assessed value by the mill rate and dividing the result by 1,000. Mill rates vary depending on the local jurisdiction and are […] The post What Are Mill Rates: Understanding Property Taxes appeared first on Maximum Real Estate Exposure.
Inman
AUGUST 11, 2023
The Amazon founder and third-richest person in the world reportedly purchased a three-bedroom property on Indian Creek, a barrier island off Miami.
The Close
AUGUST 11, 2023
It’s hard to remember an Inman conference so thoroughly dominated by one topic. Honestly, in my time at Inman Connect Las Vegas this week, I tried my best to focus on other seemingly existential issues facing the real estate industry. But in almost every session, expo booth pitch, cocktail party chat, and networking event, the conversation invariably turned to the 800-pound gorilla in the room: The dizzying pace of artificial intelligence (AI) innovation, and its seemingly inevitable disruption
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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.
Inman
AUGUST 11, 2023
Don’t believe the lies. You are in the right place, at the right time, and in the exact business that can help you build the life you always dreamed of having, Jimmy Burgess writes.
Maximum Exposure Real Estate
AUGUST 11, 2023
Are you wondering about the condo pros and cons? Living in a condo comes with its own set of advantages and disadvantages. Condos offer affordability, shared maintenance costs, and potential investment opportunities. On the other hand, homeowners association fees, lack of privacy, and restrictions set by the HOA can pose challenges. Understanding these pros and […] The post The Advantages and Disadvantages of Condos appeared first on Maximum Real Estate Exposure.
Inman
AUGUST 11, 2023
The Valuation Product Suite is geared at modernizing the appraisal process and assisting in compliance with new Fannie Mae and Freddie Mac programs that make it easier to get loans approved without an appraisal.
RIS Media
AUGUST 11, 2023
If you suggest that your clients make updates before selling, then they will likely ask, “Do you have anyone you could recommend?” Not having an answer isn’t great but giving them a bad contractor is even worse. There are many horror stories, and if you recommend someone bad, it can be a nightmare for both… The post Recommend Your Contractors Carefully or Your Business Is at Risk appeared first on RISMedia.
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Inman
AUGUST 11, 2023
With Inman Top 5, you'll find the most essential stories of the past week, as chosen by our Inman readers.
HomeLight
AUGUST 11, 2023
There’s a reason only 10% of home sales were FSBO (for sale by owner) last year — and it’s not just the daunting mounds of paperwork involved in selling a house. The best real estate agents in the nation, the ones who have to turn down clients because they’re so slammed with business, tell us that it’s their hard negotiating skills and objective lens that sellers need the most.
Inman
AUGUST 11, 2023
Could Clear Cooperation be the problem when it comes to the years-long inventory shortage? Actually, yes, according to industry analysts.
Calculated Risk Real Estate
AUGUST 11, 2023
In this 2-part overview of the housing market for mid-August, I’ll discuss new and existing home inventory and sales, house prices, mortgage rates, rents and more. New Listings Near Pandemic Low for July Here is a graph of new listing from Realtor.com’s July 2023 Monthly Housing Market Trends Report showing new listings were down about 21% year-over-year in July.
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Inman
AUGUST 11, 2023
Buyers with doubts need to know they're being heard. A well-oiled process for responding to their objections can help, Bianca D'Alessio and Aaron West said Thursday at Inman Connect Las Vegas.
RIS Media
AUGUST 11, 2023
The price dips many buyers were starting to enjoy could be gone in some regions before they even really got started. That’s according to the latest home-price figures released by the National Association of REALTORS® (NAR). According to the report, almost 60% of metro markets (128 out of 221) registered home-price gains in the second… The post Almost 60% of Metro Areas Posted Q2 Home-Price Gains appeared first on RISMedia.
Inman
AUGUST 11, 2023
If you come from a place of doing good for your buyer clients and being highly aware of the market context, The Agency founder and CEO Mauricio Umansky writes, the results will unfold.
Eye on Housing
AUGUST 11, 2023
According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) edged up 0.2% in July (not seasonally adjusted). Building materials price growth has slowed considerably in 2023 with an average monthly increase of 0.2%–down from 0.7% in 2022 and 1.5% in 2021. Not since prior to the COVID-19 pandemic has.
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