Todays News Stories:
 
Flipping the Model to Put Agents on Top: Realty Group Inc.
7/20/2018 11:01 PM
(L to R) Long Doan, Broker/CEO, and Mike Bernier, President/Co-owner, Realty Group Inc. For Long Doan, broker and CEO of Minnesota’s fast-growing Realty Group Inc., success is measured by the achievement of his partner-agents. “Every one of our agents is the CEO of their own business,” he says. “They don’t work for ...Read More
 
Builder Confidence Healthy in July
7/20/2018 11:00 PM
Builder confidence is healthy, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading is 68; an above-50 reading indicates more builders have a positive outlook than a negative one. “Consumer demand for single-family homes is holding strong this summer, buoyed by stead...Read More
 
Supporting Agents on Their Quest to Build Successful Careers
7/19/2018 3:15 PM
In the following interview, Mark Pessin, former managing broker and now vice president of Learning at Realty ONE Group in Carlsbad, Calif., discusses agent development, including mentoring, recruiting and training. Region Served: Laguna Niguel, Calif. Years in Real Estate: 20 Number of Offices: 1 Number of Agents: 120 What’s your first goa...Read More
 
Down, but Not Out: Buyers See Some Success
7/19/2018 3:11 PM
Against discouragingly inadequate inventory and high prices, buyers are finding a way, according to a new survey. Fifty-one percent of homebuyers did not pay above asking price, despite concerns over multiple-offer scenarios, 42 percent made one or two offers, at most, and 34 percent were “unfazed” by the increases in prices and rate...Read More
 
Housing Starts: Ground-Breaking in June Plummets
7/18/2018 2:40 PM
Home-building in June sharply slid, with overall starts toppling 12.3 percent, and single-family starts tumbling 9.1 percent, according to the Commerce Department. Housing starts totaled 1.17 million, with 304,000 multifamily (five or units or more) starts and 858,000 single-family starts. Additionally, approvals for builds fell 2.2 percent to 1...Read More
 
The Biggest Homeownership Hurdles for Millennials
7/17/2018 3:18 PM
Millennials should be making a sizable stamp in homeownership, but they have been largely absent from the housing space. Why is it that the largest generation in U.S. history isn’t participating in real estate as heavily as its predecessors? There are many difficulties standing in their way, according to new research. A recent report by [&...Read More
 
.realtor™ + .realestate: For Your Agents and Everything They Do
7/17/2018 3:15 PM
NAR PULSE—When your agents do well, your brokerage does well. On September 18, NAR will be launching .realestate, a new unrestricted top-level domain to support everything you and your company does. From Beachfrontproperty.realestate to Luxuryseattle.realestate, the possibilities are endless. Be first in line to swoop up .realestate domains for ...Read More
 
First-Timers: Better Chances in Colorado and Texas
7/16/2018 2:37 PM
The housing market today is unprecedented, and buyers are contending with cost pressures and short supply—but, according to a recent report by WalletHub, there are cities where conditions are more favorable for first-time homeowners: Broken Arrow, Okla. Tampa, Fla. Centennial, Colo. Boise, Idaho Grand Rapids, Mich. Thornton, Colo. Frisco, Texas ...Read More
 
Traditional Real Estate and the ‘New Normal’
7/15/2018 12:04 PM
This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses the evolution of the industry’s “new normal.” Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; Liaison for Large Firms & Industry Relations, NAR Panelists Sherry Chris, CEO, Better Homes and G...Read More
 
Cryptocurrency, Cyber Fraud Focus of Trump Task Force
7/15/2018 12:03 PM
On an executive order by President Trump, four agencies established the Task Force on Market Integrity and Consumer Fraud last week, charged with guiding “the investigation and prosecution of cases involving fraud on the government, the financial markets and consumers, including cyber fraud and other fraud targeting the elderly, service me...Read More




Todays News Stories:
 
MBS RECAP: Just When You Thought The Ceiling Was a Ceiling
7/20/2018 5:45 PM
Posted To: MBS CommentaryUndoubtedly, yesterday's bond trading sent a clear message that a technical ceiling near 2.88% was met with strong defense from traders who bought bonds and pushed yields back down into the recent range. Color all of us shocked, then, that today saw yields promptly rise right b...Read More
 
Mortgage Rates Behind the Curve For 2nd Straight Day
7/20/2018 5:27 PM
Posted To: Mortgage Rate WatchMortgage rates improved today but it was largely a byproduct of yesterday"s market movement that didn"t make it onto lenders" rate sheets at the time. Mortgage lenders set rates based on trading levels in mortgage backed securities or MBS (the bonds that groups of mortgages turn in...Read More
 
NAHB Sees Lopsided Growth in Housing Starts
7/20/2018 10:43 AM
Posted To: MND NewsWireIn another dive into data from the Census Bureau"s Survey of Construction (SOC), the National Association of Home Builders (NAHB) found that one third of the nine census divisions and thus 21 states were responsible for 60 percent of single family housing starts last year. The South Atlantic divisi...Read More
 
Fannie Sees Growth Slowing, Turns Bearish on Housing
7/20/2018 9:03 AM
Posted To: MND NewsWireFannie Mae"s economists have upgraded their second quarter economic forecast but say that may be about it for the year . In their July forecast, the company"s Economic & Strategic Research (ESR) Group, headed by Doug Duncan, noted that the expansion just celebrated its ninth anniversary "with a...Read More
 
MBS Day Ahead: Back in The Range, But Yield Curve Could Protest
7/20/2018 8:27 AM
Posted To: MBS Commentary10yr yields attempted to break above their prevailing range yesterday. As we discussed in the Day Ahead, it takes more than just an intraday move above a ceiling in order to confirm such a break is taking place. Ultimately, yesterday's theme evolved into a resounding defense of...Read More
 
Flood, Volcano, Hurricane, and Disaster News; Lender Updates
7/20/2018 8:06 AM
Posted To: Pipeline PressA Small Business Administration analysis found that about 90 percent of the country’s damage costs from natural disasters happen in ZIP codes with less than 20 percent of the country’s population. If you’re in the mood to see what that looks like on...Read More
 
MBS RECAP: Key Technical Ends Up Providing Support
7/19/2018 3:02 PM
Posted To: MBS CommentaryIf you are an MBS Live member, today's recap has already been written in this update and in The Huddle . Non-MBS Live members can get a pretty solid idea from the free mortgage rate article HERE . For those who don't like to click links, suffice it to say that the upper ran...Read More
 
Mortgage Rates Back to Flat After Starting Higher
7/19/2018 1:53 PM
Posted To: Mortgage Rate WatchMortgage rates had a scare today, as they began the day at their highest levels of the month (depending on the lender) only to fall back in line with yesterday (or better!). The reason for the back-and-forth movement has to do with esoteric behind-the-scenes stuff in the bond marke...Read More
 
Libor - Not Exactly an Obituary, But...
7/19/2018 10:50 AM
Posted To: MND NewsWireA group of financial experts is scheduled to meet at on Thursday to make funeral arrangements for Libor . In case you hadn"t heard, the London interbank offered rate, the number that indicates how much one bank needs to borrow from another, is not expected to survive much beyond the end of the deca...Read More
 
FHFA Ruled Unconstitutional, but Net Sweep Prevails
7/19/2018 10:07 AM
Posted To: MND NewsWireYet another federal court has rebuffed shareholders hoping to recover some value from their investments in the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. A three-judge panel for the Fifth Circuit (Texas) Court of Appeals refused to stop the practice of net worth sweeps requ...Read More




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