Housing Wire

JULY 5, 2024

With today’s jobs report and all the reports we got during this jobs week, can we finally say the Federal Reserve is winning its war against the labor market? I believe the Fed won’t pivot until the labor market breaks. That has been my position since 2022 and we are starting to see some early signs of them successfully attacking the U.S. labor market in the past few months, something I talked about on a recent HousingWire Daily podcast.

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Marketing As-is Construction Mortgages 471

Real Estate News

JULY 5, 2024

Austin, Boise, Phoenix and Salt Lake City home prices soared during Covid, and while gains have slowed, they haven’t “seen anything resembling a price crash.

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Housing Wire

JULY 5, 2024

As those in or near retirement continue to proclaim a preference for aging in place , there may be challenges for people who aren’t sure about how or when they should get started on making plans. A series of home healthcare, renovation and senior care experts offer tips on ways to begin in a column published by U.S. News & World Report. For reverse mortgage clients looking to use their loan proceeds to fund the goal of aging in place, home renovations and other preparations may be requ

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Renovation Loan Officer Loans Technology 435

Inman

JULY 5, 2024

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.

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Mortgages Marketing 201

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Agents

Housing Wire

JULY 5, 2024

Like many in title , Iain Bryant, the newly appointed president of Stewart Title’s agency division, found his way into the industry through family. Bryant’s father founded A.S.K. Services , a title production business, in 1990, and after growing up surrounded by the title industry, Bryant said he was determined to never be part of the industry. “My dad also had a rule for all of his children that once you graduated, you couldn’t come back and work in the business until you’d done something else,

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Housing Wire

JULY 5, 2024

Attorneys for both Ginnie Mae and Texas Capital Bank (TCB) are asking a magistrate judge overseeing their case about HECM tail collateral in the U.S. District Court for the Northern District of Texas for an extension to decide on separate motions brought by both parties: one seeking a change of venue to a different court, and another seeking a partial summary judgment.

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Banks Lending Mortgages Loans 383

Inman

JULY 5, 2024

The real estate industry is evolving, and luxury real estate is no exception. With shifts in market dynamics, buyer preferences and the rise of innovative technologies, staying ahead requires more than just experience; it demands continuous learning and networking with the best in the business. This is your opportunity to do exactly that.

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Technology Industrial Marketing 180

Housing Wire

JULY 5, 2024

A ransomware attack on Bay-area Patelco Credit Union caused almost half a million members to lose access to banking services, and the outage could last for weeks. The company shared news of the attack on June 29 via Twitter. The services knocked off line include online banking, the company’s mobile app, direct deposits, transfers, debit and credit card transactions, Zelle, balance inquiries, online bill payments and monthly statements, among others.

Banks 382

Banks Equity Mortgages Loans 382

Inman

JULY 5, 2024

The multifamily investor has had a number of encounters with police in Miami and LA in recent months in response to disorderly behavior involving guns, as well as DUI and allegations of assault.

Investor 187

Investor Agents 187

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Agents

Housing Wire

JULY 5, 2024

A New York jury found Vishal Garg, CEO and founder of digital mortgage lender Better.com , liable for breach of fiduciary duty and conversion in a decade-long lawsuit filed by his former partner, Raza Khan. Garg intends to appeal. The court ordered Garg to pay $5.5 million to Educational Investment & Finance Corporation (EIFC), the company the partners founded in 2009.

Finance 380

Finance Loans Mortgages As-is 380

Inman

JULY 5, 2024

While you’re at Inman Connect, it isn't just about conference hustle; it's about refueling your mind, body and real estate business strategy. Here's how.

Agents 190

Agents 190

Housing Wire

JULY 5, 2024

Job creation slowed in June, despite continued tight labor market conditions, which economists say is good news for the Federal Reserve. Data from the U.S. Bureau of Labor Statistics released on Friday shows that total nonfarm payroll rose by 206,000 jobs in June, compared to 272,000 jobs in May. Job gains in June were most notable in industries like government (70,000), health care (49,000), social assistance (34,000) and construction (27,000), a positive for the housing industry.

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Construction Residential MLS Industrial 370

Inman

JULY 5, 2024

Real estate auctions offer benefits for both buyers and sellers. Chad Roffers offers tips on how buyer's agents can help their clients navigate the process.

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Agents 187

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Brokerage

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis. Florida Senate Bill SB-770 authorizes local and county authorities within the state to create financing programs for home and other property renovations, which can include energy efficiency upgrades or renewable energy inst

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Loans Finance Residential Renovation 369

Inman

JULY 5, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 184

Brokerage Agents 184

Housing Wire

JULY 5, 2024

Fewer prospective mortgage borrowers pulled the trigger in June, according to a new report from Mortgage Capital Trading. Mortgage rate locks decreased 7.84% in June compared to the previous month. This drop follows a brief uptick in volume at the beginning of the traditional buying season, suggesting a continuing stalemate between limited housing supply and higher interest rates (they were 7.11% on Friday), MCT said this week.

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Mortgages 354

Inman

JULY 5, 2024

Recruiting is tough these days, but agents at franchises may be especially open to a move this year, according to an analysis of their responses from the latest Inman Intel Index survey.

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Agents Brokerage 187

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Loans

Housing Wire

JULY 5, 2024

To Andy Florance, the CEO of CoStar Group , the trade secret lawsuit Move, Inc., the parent company of listing portal rival Realtor.com , recently filed against his firm is all a “PR stunt.” “Effectively, you create a bogus story and you use a relatively junior person as a pawn and you get a story out there,” Florance said. “And the question is why?

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Agents As-is Industrial Finance 328

Inman

JULY 5, 2024

Buyers and sellers who feel like the commission settlements didn't go far enough are fighting back in court, and the cases are bunching up.

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Brokerage Agents 190

Marco Santarelli

JULY 5, 2024

As the calendar flips to July 2024 , numerous homeowners and potential buyers are keenly observing the housing market. The pressing question on everyone's mind is: Will the housing market crash again, or are we in for a prolonged period of stability? This article delves into the current trends, expert opinions, and economic indicators to provide a comprehensive outlook on the future of the housing market.

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Marketing Lending Fixed-rate mortgage Investor 131

Inman

JULY 5, 2024

After being sentenced by Vatican State Court for embezzlement and fraud, London-based Italian banker Raffaele Mincione is fighting back in UK courts with a countersuit accusing the Vatican of mishandling and mis-documenting funds.

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Agents

RIS Media

JULY 5, 2024

In an exclusive interview with RISMedia on July 5, CoStar CEO Andy Florance lambasted the new lawsuit filed by Realtor.com parent Move, Inc. that claimed a former Move employee, now working for Homes.com parent CoStar, stole proprietary information from his former employer, labeling it a desperate attempt for attention and attributing it to one of… The post EXCLUSIVE: CoStar CEO Blasts Information-Theft Lawsuit, Labeling it a ‘Sick, Twisted PR Stunt’ appeared first on RISMedia.

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Industrial 130

Inman

JULY 5, 2024

ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal.

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Mortgages Technology Closing 150

HomeLight

JULY 5, 2024

Looking to fund your next real estate project in Seattle with a hard money loan ? These loans are a great alternative to traditional financing, especially for short-term projects or those with credit issues. In this guide, we’ll break down how hard money loans work in Seattle, their costs, and alternative financing options. Plus, we’ll highlight top local lenders to help you decide if this financing option aligns with your real estate goals.

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Hard money loan Loans Home sale contingency Finance 115

Inman

JULY 5, 2024

From Golden Visa availability to the 2024 Paris Olympic Games and a trend favored by the rich that proves all the world's a stage, luxury real estate is going international in a big way this summer.

Staging 141

Staging 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

HomeLight

JULY 5, 2024

Considering financing for your next real estate venture in Orlando? Whether you’re planning to flip a spacious bungalow in College Park or invest in a rental property near Lake Eola, hard money lenders in Orlando provide the quick and flexible funding you need. Hard money loans are ideal for those grappling with tight deadlines, limited initial capital, or credit issues.

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BubbleInfo

JULY 5, 2024

Here are four tepid responses to the question on whether home prices will drop this summer: [link] The lame last paragraph sums it up: The bottom line The real estate market seems unlikely to experience significant price decreases nationally this summer, but it’s possible that in specific local markets, there will be dips. Still, until […] The post Will Home Prices Drop?

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Marketing Sales 105

HomeLight

JULY 5, 2024

Are you planning your next real estate investment in New Orleans with a hard money loan? Hard money lenders offer financing that comes with flexibility and speed. These loans are an alternative to conventional financing, providing solutions for those with tight project timelines, limited initial capital, or credit issues. If you’re not a real estate investor but still need to bridge the timing gap between buying and selling a home, we’ll explore some alternatives to help you leverage

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