Keeping Current Matters

OCTOBER 5, 2023

The increasing effects of natural disasters are leading to new obstacles in residential real estate.

Residential 351

Residential Marketing 351

Housing Wire

OCTOBER 5, 2023

Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide. The new DU update will be rolled out to the system during the weekend of Nov. 18, the company said.

Loans 476

Loans Fixed-rate mortgage Principal Renovation 476

Real Estate News

OCTOBER 5, 2023

The average weekly mortgage rate leapt up again this week, and 8% "does not seem unlikely.

Mortgages 299

Mortgages 299

Housing Wire

OCTOBER 5, 2023

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. 5th, up 18 basis point from last week ’s 7.31%. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time.

Fixed-rate mortgage 476

Fixed-rate mortgage Mortgages MLS Loans 476

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Development

Real Estate News

OCTOBER 5, 2023

The FHFA's second quarter report found that home values increased the most in states that aren't typically thought of as hot markets.

Marketing 289

Marketing 289

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Following a pattern eerily similar to the U.S. in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble.

Marketing 459

Marketing Residential Investor New Construction 459

Housing Wire

OCTOBER 5, 2023

As Compass looks to strengthen its presence in Northern California , it is welcoming back a familiar face. The Robert Reffkin -helmed firm is welcoming back Bob Gerlach, who retired from the brokerage in 2021, according to an announcement on Wednesday. Gerlach is joining Compass as a sales manager supporting brokerage professionals in the Palo Alto market as part of the firm’s management team. “We’re seeing a lot of real estate professionals return to Compass after a short stint away

Industrial 448

Industrial Brokerage Agents Sales 448

Inman

OCTOBER 5, 2023

Lender Price CEO Dawar Alimi breaks down the impact of AI on mortgage lending, how it's making it quicker and smarter and what's to come.

Mortgages 192

Mortgages Lending Banks Technology 192

Housing Wire

OCTOBER 5, 2023

Industry-leading lender Movement Mortgage will become an “early adopter” of FICO Score 10 T, the updated credit scoring model designed to take advantage of trended data information to help expand mortgage approval rates. Movement will employ FICO 10 T “to analyze their non-conforming loans, in conjunction with the classic FICO Scores,” the company said in a joint announcement with FICO.

Loans 448

Loans Mortgages Lending Finance 448

Inman

OCTOBER 5, 2023

Dana Cadena takes a deep dive into the latest industry trends and best practices and shares advice on how to rise above the noise and create opportunities in today's market.

Marketing 190

Marketing Industrial Agents 190

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.

Industrial

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. Between the summer of 2019 to date, there have been at least 26 securitization deals backed by home equity products valued in total at some $6.1 billion, according to a review of bond-rating and industry reports.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Inman

OCTOBER 5, 2023

Palmquist joined eXp's Michael Valdes on stage to talk recruitment at ICLV over the summer. Now, he's taking his 30-member team to eXp as the brokerage's new director of growth for California.

Land 187

Land Staging Brokerage Industrial 187

Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there? Adam Carmel: Since the great financial crisis there are certain things that lenders and banks have to spend money on today that have created more costs to their busi

Technology 444

Technology Lending Mortgages Industrial 444

Inman

OCTOBER 5, 2023

Supposedly fire-resistant homes newly constructed in Calaveras County are being built with magnesium sourced from Canada.

Construction 183

Construction New Construction 183

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Brokerage

Housing Wire

OCTOBER 5, 2023

The Asian Real Estate Association of America (AREAA) shared its annual “A-List” on Monday. Shirley Gary, Tracy Allen, Realty Group , and the Advanced Super Team ranked highest in AREAA’s real estate sales list, while Shashank Shekhar and Joanna Yu topped the loan originators rankings. When added-up together, the A-List honorees generated more than $15.4 billion in sales volume from 20,472 transaction sides in 2022.

Loan Officer 438

Loan Officer Mortgages Loans Banks 438

Inman

OCTOBER 5, 2023

It's not just how your marketing looks, it's how it performs. According to broker-owner Eric Bramlett, in performance marketing, results reign supreme.

Marketing 183

Marketing Agents 183

Housing Wire

OCTOBER 5, 2023

AI and data-led fintech company Pagaya Technologies named Sanjiv Das as president. Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. 16. His responsibilities include overseeing the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes – as it continues to enhance its tech-enabled product offering and expand its new and existing lending partnerships, the firm said in a news release.

Technology 434

Technology Loans Lending Residential 434

Inman

OCTOBER 5, 2023

Find out how The Agency North Vancouver's co-managing partners focus on collaboration and connection as they build their brokerage.

Brokerage 179

Brokerage 179

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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.

Agents

Housing Wire

OCTOBER 5, 2023

The No. 1 brokerage in the country by transaction side count is getting bigger. Troy Palmquist is bringing his team of nearly 30-agents at DOORA Properties over to eXp Realty from white-label firm Side. “Joining a new brokerage company can be both an exhilarating and nerve-wracking experience, but, it’s precisely this sense of venturing into the unknown that I’m excited about.

Brokerage 434

Brokerage Development Agents Industrial 434

Inman

OCTOBER 5, 2023

While you want to do what’s best for your team, sometimes helping can hurt. New Inman contributor Beverly Jacobo offers insights for assisting agents without rewarding bad behavior.

Agents 179

Agents Brokerage 179

Housing Wire

OCTOBER 5, 2023

Families with children under 24 years old living at home recorded 35% of all predicted listings through July, according to The nSkope Predictive Analytics Report. The report reviewed nSkope’s January-April 2023 listings predictions and found 301,314 properties already converted to actual listings through the end of July. The nSkope Predictive Analytics Report reviewed 360 MSAs in the U.S.

Marketing 429

Marketing Land Brokerage Agents 429

Inman

OCTOBER 5, 2023

Scott Degnan, California division president of Jason Mitchell Group, offers advice and insights on the advantages of working with a team.

179

179

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Agents

Housing Wire

OCTOBER 5, 2023

Sue Yannaccone and Sherry Chris are teaming up to launch Balance Blueprint , a new campaign from What Moves Her. Founded in 2020 by Yannaccone, who is the president and CEO of Anywhere Brands and Anywhere Advisors, What Moves Her is an advocacy organization with the goal of helping women in real estate develop their leadership skills and achieve their professional development goals.

Branding 415

Branding Development Industrial As-is 415

Eye on Housing

OCTOBER 5, 2023

NAHB analysis of the 2022 American Community Survey data shows that New Jersey leads the nation with the highest average annual real estate tax (RET) bill ($9,285)—$8,425 more than yearly property taxes paid by Alabama’s homeowners ($860). The size of this disparity grew 1.1% in 2022 and has increased 9.3% since 2017. Vermont was the only state for which the.

144

144

Housing Wire

OCTOBER 5, 2023

The implementation of more careful loan screening procedures has contributed to lower levels of risk for mortgage fraud. Mortgage application fraud declined 3.1% year-over-year in Q2 of 2023 compared to the second quarter of 2022, according to CoreLogic Mortgage Fraud Report. However, they increased slightly(+1.6%), from Q1 to Q2 2023. Overall, in the second quarter of 2023, 0.75% of all mortgage applications were estimated to contain fraud, it equates to about 1 in 134 applications.

Mortgages 414

Mortgages Loans Investor Industrial 414

Inman

OCTOBER 5, 2023

Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report.

Agents 141

Agents Marketing 141

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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.

Sales

RIS Media

OCTOBER 5, 2023

In the intricate world of real estate transactions, the terms “under contract” and “pending” are frequently used to depict the status of a home sale. While both signify that a buyer and seller have agreed upon the sale terms, subtle distinctions exist between them. Nonetheless, the disappointment of seeing a home sale crumble before reaching… The post Common Reasons Homes Fall Out of Contract appeared first on RISMedia.

Sales 137

Sales Inspection Industrial Agents 137

Bigger Pockets

OCTOBER 5, 2023

Apartment brokers overprice properties all of the time—and get away with it. So what should you do about it?

Commercial 137

Commercial 137

Seattle Times Real Estate

OCTOBER 5, 2023

The stretch of Rainier Avenue where the iconic store Mutual Fish recently closed looks very different from five years ago. And more change is coming.

Closing 130

Closing 130

Bigger Pockets

OCTOBER 5, 2023

Many real estate syndications are facing absolute failure in 2023.

Investor 132

Investor 132

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