Wendy Forsythe, real estate veteran of 20 years and a Gen Xer, joins the Swanepoel T3 Group as the president of T3 Broker. A division of T3 Sixty, T3 Broker will provide management consulting services to U.S. and Canadian real estate brokerages regarding expansion strategies, business planning, market analysis, compensation evaluation and leadership development.
HousingWire is proud to honor these 100 companies as the most innovative companies in housing. Their work is propelling the industry to a new level of excellence in doing its most important job: supporting the American Dream.
But with rates at a low point for a while now, homeowners have had ample time to refinance their mortgages if they were inclined to do so. With that in mind Mike Fratantoni, chief economist for the Mortgage Bankers Association, is expecting a large decline –47%, in fact– in refinance volume this year. “For those who have focused more on the refi business, it’s going to be a tougher year,” he says.
Ten-X, an online real estate transaction marketplace, released its report, showing February existing sales will fall between seasonally adjusted annual rates of 5.34 to 5.69 million with a targeted number of 5.51 million.
While previous estimates showed cash and distressed sales hitting their pre-crisis marks in 2018 or even 2019, the newest report estimates that the market could see pre-crisis levels as soon as this Summer, according to a new report from CoreLogic.
Cash sales accounted for 32.4% of total home sales in November, which, while up from October’s 31.8%, is down 4.5% annually.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, decreased 2.8 percent to 106.4 in January from an upwardly revised 109.5 in December 2016. Although last month's index reading is 0.4 percent above last January, it is the lowest since then.
Federal Communications Commission boss Ajit Pai is pushing to halt part of an Obama-era set of privacy rules that would require internet service providers to get explicit consent before they share consumers' browsing data and other personal information with advertisers.
Concerns over rising rates of speedier job-hopping are now at a fever pitch. By one recent estimate, nearly half of employees could leave their jobs by the end of 2017. And according to another, millennials now expect to change their job every two and a half years—double the rate of their Gen X predecessors.
But his usual hymn to the dynamism of the American economy in his annual letter to Berkshire Hathaway shareholders that was released on Saturday morning reached new heights. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers,” Mr. Buffett wrote.
being in the real estate brokerage business for 32 years as an agent, Broker/Office manager of large regional companies and also as a Broker/Owner of my own company, affords me the opportunity to have experienced the user side of the MLS.
Realogy Holdings Corp., a residential real estate services company, named a new CEO over its Realogy Franchise Group, promoting John Peyton (pictured below) to the role, effective April 1, 2017. Peyton currently serves as president and chief operating officer for RFG.
Peyton will succeed Alex Perriello, longtime CEO of RFG, who will instead serve in a senior advisory capacity as chairman emeritus for the group.
The Data & Analytics division of Black Knight Financial Services, Inc. (BKFS) reports the following "first look" at January 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
AWS reported on its Service Health Dashboard at 2:35 p.m. ET that its engineers are working on the problem that has affected websites including Netflix, Reddit and Adobe. Those sites seem to be up and running now.
The Colorado Board of Real Estate Appraisers and the Division of Real Estate (Division) warns Colorado Appraisers to beware of phishing scams currently taking place in other jurisdictions that try to get appraisers to click on a link that will download a file with malicious code to respond to a complaint on the licensee.
Ten-X, the nation's leading online real estate transaction marketplace, today released its latest Commercial Real Estate Capital Trends report, which reveals that investment activity increased during Q4 2016, the second straight quarter to record growth. Overall transaction volume jumped 7.3 percent from the third quarter to $129.7 billion,
The indices, generated by S&P Dow Jones and CoreLogic and covering all nine U.S. census divisions, showed an annual increase of 5.8% in December. This is up from November’s increase of 5.6% and sets a 30-month high.
Based on signed contracts, statewide pending home sales decreased in January on a seasonally adjusted basis, with the Pending Home Sales Index (PHSI)* slipping 0.2 percent from 107.4 from January 2016 to 107.2 in January 2017. On a monthly basis, California pending home sales were down 9.2 percent from the December index of 118.0.
Post-election interest rate surge lead to the first year-over-year decline in consumer house-buying power in two and a half years, but real house prices remain 10.1 percent below the level from January 2000.
However, this move away from refinances also means a move towards riskier loans, according to First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions.
New residential single-family home sales increased 3.7% to an annually adjusted rate of 555,000 in January, the report stated. This is up from December’s rate of 535,000 and 5.5% above January 2016’s rate of 526,000.
An FCC order today reduced the reach of a net neutrality rule requiring broadband providers to share certain data on their services. Originally, providers with less than 100,000 subscribers were exempt; the order raises that number to 250,000 — potentially allowing more companies to escape complying with certain consumer protections.
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