BubbleInfo
FEBRUARY 16, 2023
The mortgage rates are heading for 7% again, which is shocking, given it was 5.99% last Thursday. Higher rates will discourage both buyers and sellers, and make them want to wait for a “better market” some day in the future.
Housing Wire
FEBRUARY 16, 2023
Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. There is one simple reason for this: it’s not 2008. They have less competition as they are working from low sales levels in today’s housing market. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the b
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Keeping Current Matters
FEBRUARY 16, 2023
The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.
Housing Wire
FEBRUARY 16, 2023
The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).
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Real Estate News
FEBRUARY 16, 2023
Scott, chairman and CEO of John L. Scott Real Estate in the Pacific Northwest, said the market is poised to enter a new period of growth.
Housing Wire
FEBRUARY 16, 2023
Economic data indicating that the U.S. economy has remained resilient despite the Federal Reserve ‘s tightening monetary policy led to a substantial increase in mortgage rates last week. Does this mean mortgage rates are close to reaching the 7% level again? “Mortgage rates have been rising after the jobs report was solid, retail sales beat expectations, and the homebuilder’s confidence is rising,” Logan Mohtashami , lead analyst for HousingWire , said. “We have an
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 16, 2023
With economic uncertainty and supply chain issues plaguing the industry, homebuilders pulled back last month. Homes were started at an estimated annual pace of 1.309 million in January, down 4.5% month over month , according to a report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). Housing starts were down 21.4% at the start of the year compared to a year prior, thanks to the annual pace of single-family housing starts dropping to
Inman
FEBRUARY 16, 2023
Hottinger, whose team was previously affiliated with Corcoran, returned to Elliman to gain a firmer foothold in Miami and for development project opportunities, he told Inman exclusively.
Housing Wire
FEBRUARY 16, 2023
LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I have known and worked with Rick for more than a decade and am delighted that he chose LauraMac to further his transition from leader to strategist,” LauraMac CEO Bob Fulton said in a prepared statement.
Real Estate News
FEBRUARY 16, 2023
Interest rates are up for the second week in a row, and signs point to further bumps. This could put a damper on the spring selling season.
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Housing Wire
FEBRUARY 16, 2023
Black Knight will integrate Wolters Kluwer ‘s eNote and eVault capabilities in order to cut lenders’ costs per transaction and secure their clients’ electronically signed assets. The two firms signed an agreement to combine Wolters Kluwer’s eNote and eVault solutions with Expedite Close — Black Knight’s digital closing solution — as the final pieces to connect all the tools lenders need to perform digital closings and complete digital mortgages, Black Knight said Thursday.
Inman
FEBRUARY 16, 2023
Texas-based franchisor Keller Williams is hosting its annual Family Reunion conference in California Friday through Wednesday. Here are the sessions, speakers and events you can't miss.
Real Estate News
FEBRUARY 16, 2023
The company noted that it closed out the year with a relatively small drop in revenue considering the sharp decline in home sales in 2022.
Inman
FEBRUARY 16, 2023
Keller Williams has opened its first master franchise in Germany, according to an announcement early Thursday. KW Germany will operate out of Berlin and serve Germany's top seven real estate markets, Keller Williams Worldwide President Bill Soteroff explained.
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Real Estate News
FEBRUARY 16, 2023
CEO and founder Glenn Kelman said the company is continuing to cut expenses and looking to increase the number of online visitors who hire Redfin agents.
Inman
FEBRUARY 16, 2023
The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9 million, according to an earnings call Thursday afternoon.
Eye on Housing
FEBRUARY 16, 2023
Single-family built-for-rent construction ended 2022 strong with a rising total market share. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 17,000 single-family built-for-rent (SFBFR) starts during the fourth quarter of 2022. This is 6% higher compared to the fourth quarter 2021 total.
Inman
FEBRUARY 16, 2023
Low inventory combined with pent-up homebuyers looking to make their dollars go further is already driving up competition this spring, real estate agents told Inman.
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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.
Real Trends
FEBRUARY 16, 2023
“In 2005, the hot tech was a blog and now the hot tech is artificial intelligence and ChatGPT,” said HW Media CEO Clayton Collins in a recent Housing News podcast with Todd Carpenter. Carpenter has had a hand in nearly every facet of real estate, from mortgage to technology. He most recently worked as the director of strategic investments at the National Association of Realtors (NAR).
Inman
FEBRUARY 16, 2023
Find out how this broker parlayed an early interest in real estate investing into a career as head of one of Myrtle Beach's most popular brokerages.
Eye on Housing
FEBRUARY 16, 2023
During the fourth quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. To analyze credit availability, responses from the NAHB survey are used to construct a net easing index, similar to the net easing index based on the Federal Reserve’s survey.
Inman
FEBRUARY 16, 2023
New-home starts took a hit in January but remain higher than they were in November. And builders see a path forward to stronger sales, according to a new report from the U.S. Census Bureau.
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Eye on Housing
FEBRUARY 16, 2023
Due to elevated mortgage rates and high construction costs, overall housing starts decreased 4.5% to a seasonally adjusted annual rate of 1.31 million units in January, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Although rising builder sentiment indicates a turning point for housing later this year, the volatility in the.
Inman
FEBRUARY 16, 2023
The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in losses, according to Q4 earnings on Thursday.
Coldwell Banker
FEBRUARY 16, 2023
Offices in Kalispell and Whitefish will begin operating under the Coldwell Banker Global Luxury and Coldwell Banker Commercial brands The post Landstar Properties Affiliates with Coldwell Banker Network appeared first on Coldwell Banker Blue Matter.
Inman
FEBRUARY 16, 2023
Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined.
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Propmodo
FEBRUARY 16, 2023
The reigning theory about the Generation Z labor force is that company culture and reputation matter the most. More and more, we hear that younger candidates for office jobs care so deeply about what company culture is like and what actions they are taking in arenas like environmental sustainability that it could ultimately sway their decision of whether or not to work at a company.
Inman
FEBRUARY 16, 2023
RE/MAX Holdings' total revenue decreased 8.9 percent year over year to $81.3 million during the fourth quarter due to diminished broker fee revenue, a 1.9 percent drop in its North American agent count and costs related to increased recruiting incentives. However, the franchisor remains bullish.
HomeLight
FEBRUARY 16, 2023
Cash has certainly been king in real estate recently. During the hot seller’s market of 2020-2022, all-cash offers were a way for buyers to make their offers more attractive to sellers. In 2023, higher interest rates have meant that many would-be buyers using a mortgage to purchase a home were getting priced out of the market as higher interest rates push mean higher, reducing the affordability of a new home.
Inman
FEBRUARY 16, 2023
A study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots.
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