Housing Wire
SEPTEMBER 11, 2024
On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center , which tracks actual loan lock data from Polly , is also at a year-to-date low of 6.44%.
Real Estate News
SEPTEMBER 11, 2024
The future of private listings and MLS integrity is at stake as a key NAR committee meets this week to hear arguments about keeping — or scrapping — the policy.
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Housing Wire
SEPTEMBER 11, 2024
Mortgage rates have declined for six straight weeks, pushing loan application volume up 1.4% during the week ending Sept. 6, according to the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found that the seasonally adjusted refinance index increased 1% from the previous week and was 106% higher than the same week a year ago.
Keeping Current Matters
SEPTEMBER 11, 2024
If you’re wondering what’s going on with home prices lately, you’re definitely not the only one.
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Housing Wire
SEPTEMBER 11, 2024
On a recent episode of the RealTrending podcast , host Tracey Velt has a tantalizing conversation with Luis Carrion, CEO and chairman of Berkshire Hathaway HomeServices California Properties. Carrion was recently chosen as a 2024 RealTrends GameChanger based on his company’s five-year growth rate in transaction sides. Carrion also leads the firm’s office sales and investment advisory group.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 11, 2024
If you were fortunate enough to buy the typical U.S. home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates , that same home today would cost about $2,175 a month. So it’s no surprise that home sales over the last two-plus years have been at some of the lowest levels in modern history.
Real Estate News
SEPTEMBER 11, 2024
Terms of the deal — which still requires a judge’s OK — were not revealed. Meanwhile, the settlement fund for Sitzer, Moehrl and Gibson is nearing $1 billion.
Housing Wire
SEPTEMBER 11, 2024
By this point, the information should be second nature: Aging in place is an increasingly common desire among homeowners who want to save money, avoid costly assisted-living facilities, stay connected to their communities or all of the above. As the preference grows, one group — homebuilders — is uniquely positioned to address these desires and profit from them.
Inman
SEPTEMBER 11, 2024
After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.
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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.
Housing Wire
SEPTEMBER 11, 2024
ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. In an email to partners on Tuesday, ICE said that it will be closing down the Encompass SDK (Software Development Kit) on the same day it sunsets the program’s Technology Partner Network, Total Quality Loan Services, PSDK and ePass.
Inman
SEPTEMBER 11, 2024
These soft skills have never been more critical in light of the National Association of Realtors’ commission suit settlement and subsequent rule changes, OJO Labs CEO Chris Heller writes.
Housing Wire
SEPTEMBER 11, 2024
U.S. home-price appreciation continued to slow in July, a trend that is expected to continued through next summer, according to CoreLogic data released this week. National home prices were virtually flat compared to June and rose 4.3% year over year in July. Stagnant prices during the typically busy summer home-buying season are unusual, CoreLogic reported, as this was only the second time since 2010 that prices didn’t increase from June to July.
Inman
SEPTEMBER 11, 2024
A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut when they meet next week.
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Housing Wire
SEPTEMBER 11, 2024
CMG Home Loans , the retail lending division of CMG Financial , recently made a key hire in its reverse mortgage division by adding industry veteran Kari Van Kleef as its operations manager. The move comes as the company broadens its ambitions for the reverse mortgage division, aiming to put its 1,400 traditional mortgage originators to work by adding reverse lending to their repertoire.
Inman
SEPTEMBER 11, 2024
If you want to tune out the noise, focus on your growth, ensure you have accomplished something at the end of the year, and learn to feel successful no matter what the market does, team leader Jen Berbas writes.
Housing Wire
SEPTEMBER 11, 2024
California -based mortgage lender loanDepot appointed Nancy Smith to lead its Colorado and Wyoming branches as regional vice president of in-market retail. Smith will be responsible for growing sales volume in Colorado, which has the sixth-fastest percentage rate of population growth of all states, and Wyoming, a market traditionally underserved by independent mortgage banks , loanDepot said on Tuesday.
Inman
SEPTEMBER 11, 2024
Fifty-four percent of boomers who own their homes said they planned to live in them until they die, according to a new survey by Clever Real Estate.
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Housing Wire
SEPTEMBER 11, 2024
Michigan-based United Wholesale Mortgage (UWM) has launched proprietary technology that will use artificial intelligence (AI) to send pre-validated refinance opportunities. Dubbed “KEEP,” the system identifies borrowers who can save on their monthly mortgage payments and will automatically communicate these savings to them through an email that provides a link to a refi application, UWM announced Wednesday.
Inman
SEPTEMBER 11, 2024
In the new normal, open houses have once again become one of the most valuable lead sources available, team leader Carl Medford writes. Here's how to run one the right way and make the most of the opportunity it presents.
Housing Wire
SEPTEMBER 11, 2024
As the mortgage industry continues to evolve at breakneck speed, risk management has never been a more critical lynchpin in the lending ecosystem. At the vanguard stands Mortgage Connect Risk Solutions (MCRS), formerly Adfitech, a leader in risk management, quality control , third-party reviews, and due diligence, known for protecting mortgage lenders and investors from the risks inherent in mortgage lending.
Inman
SEPTEMBER 11, 2024
Led by luxury experts Hans Veenhuijsen and Olga García Hernández, the new office opens as more luxury buyers have shown interest in the city's market and as home prices have steadily grown in response to a strong economy and foreign investment.
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Strategic real estate professionals know that the name of the game right now is to stay informed, adaptable, and ready to make confident decisions. In this free download, Inside Real Estate CEO, Joe Skousen, shares what he believes are the top 4 most impactful actions in real estate right now. We've been actively engaging with industry experts, analyzing data, and listening intently to the experiences of our agents on the ground.
Housing Wire
SEPTEMBER 11, 2024
Atlanta is one of the most active and valuable real estate markets in the United States. The city represents over $1 trillion in residential real estate asset value, creating a ripe environment for real estate agents and homebuyers alike. Atlanta also claims the crown as the No. 1 market for millennial homebuyers, with over 83,000 annual millennial-driven home purchases.
Inman
SEPTEMBER 11, 2024
UK portal Rightmove's board of directors has unanimously rejected News Corp subsidiary REA Group's $7.32 billion acquisition bid, saying it "fundamentally undervalues" the company's current and future prospects.
Eye on Housing
SEPTEMBER 11, 2024
In 2023, the majority of homes started featured laundry connections on the first floor (72%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 26%. The basement, garage, and other locations all had a 1% or lower share. In NAHB’s What Home Buyer’s.
Inman
SEPTEMBER 11, 2024
NextHome has more than 600 offices across the U.S. but is perhaps best-known for CEO James Dwiggins, who has been a prominent commentator on antitrust litigation.
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RIS Media
SEPTEMBER 11, 2024
Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage rates hit their lowest level in six weeks and a 25-basis point interest rate cut by the Federal Reserve is likely in the offing. This week’s latest mortgage application data from the Mortgage Bankers Association’s… The post Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week appeared first on RISMedia.
Bigger Pockets
SEPTEMBER 11, 2024
Learn how to avoid common team-building pitfalls with tips on improving communication, documenting processes, fostering leadership, and inspiring collaboration.
RIS Media
SEPTEMBER 11, 2024
They’re the yangs to the high-mortgage-rate yins. The homeowners who have the 3% – 4% 30-year mortgage rates and have, over the last few years, refused to vacate, logically in most cases as they have not wanted to take on new mortgages in the 6% – 8% range. All evidence points to a rate cut… The post Seller Dwellers: As Mortgage Rates Decline, Will They Finally Plant ‘For Sale’ Signs?
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