Housing Wire

FEBRUARY 18, 2021

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey. While economic spending has improved, due to the most recent stimulus, supply chain shortages are causing downstream inflation, leading to higher mortgage rates, said Sam Khater, Freddie Mac’s chief economist. “While there are multiple temporary factors drivin

Mortgage 545

Mortgage Supply Chain Lending Marketing 545

Miller Samuel

FEBRUARY 9, 2021

I met Rich Barton, Zillow CEO , at an Inman/Curbed party held during an Inman conference in Manhattan a long time ago, the evening before Zillow’s launch. I asked Rich, a very nice and fascinating person, what he did for a living, not realizing he was the co-founder of Expedia. Ugh. He also said they were launching their latest effort the following morning – a web site called “Zillow,” and he added “as in rhymes with pillow” to the description.

Real Estate 286

Real Estate Appraisal Marketing 286

Realtor

FEBRUARY 11, 2021

marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership.

Property Taxes 218

Property Taxes Inspection Landlords Renovations 218

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021. Millennials are Different Than Their Predecessors. Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest G

Inventory 174

Inventory Buyers Construction Supply Chain 174

Yolo Solano Appraisal Blog

FEBRUARY 25, 2021

Are you familiar with the Freddie Mac House Price Index? Go take a peek. Freddie Mac House Price Index The FMHPI is your friend. The index reports monthly change in house prices for national, state, and metropolitan statistical areas (MSAs). The data series starts with January, 1975 and usually runs two to three months behind […].

Appraisal 158

Appraisal Real Estate 158

Genworth MI Blog

FEBRUARY 18, 2021

A version of this post originally appeared in the December edition of Scotsman Guide. . Loan officers and listing agents are familiar with homeowner anxiety about real estate appraisals. Questions arise, such as: Does the appraiser penalize me if my house isn’t spotless? Will worn carpeting hurt my value? Will the appraiser look in my closets? Should I follow the appraiser and point things out?

Inspection 148

Inspection Appraisal Real Estate Loan Officers 148

Miller Samuel

FEBRUARY 24, 2021

As I've chronicled in the Appraiserville section of my Housing Notes newsletter since 2016, the scale of bureaucratic self-dealing of the executive committee and some members of the board of directors is breathtaking. Over the past decade or more, AI National has been able to keep a lid on the membership backlash by threatening to remove a member's credentials for speaking out.

Appraisal 259

Appraisal Design Contracts Real Estate 259

Appraiserblogs

FEBRUARY 26, 2021

As I’ve chronicled in the Appraiserville section of my Housing Notes newsletter since 2016, the scale of Appraisal Institute bureaucratic self-dealing of the executive committee and some members of the AI Board of Directors is breathtaking. Over the past decade or more, AI National has been able to keep a lid on the membership backlash by threatening to remove a member’s credentials for speaking out.

Sellers 147

Sellers Appraisal 147

DataMaster

FEBRUARY 11, 2021

Intro. All appraisers have had to pick up new skills over their years of appraising. For some appraisers, implementing new technology and appraisal software is no issue because, let’s admit it, some people just “get it” when it comes to tech gadgets and software programs. But for others, implementing a new tech gadget into their process or learning to use new appraisal software is no easy feat.

Technology 148

Technology Appraisal Final Inspection Inspection 148

Midtown Appraisal Group

FEBRUARY 1, 2021

Residential appraisals are more straightforward than you think You’ve sold your house, but your offer is conditional upon an appraisal by the bank. What does this mean? The buyers of your home have applied for a mortgage from a bank, with the house used as collateral. The bank gets an appraisal to ensure that there’s […].

Appraisal 137

Appraisal Buyers Mortgage 137

Yolo Solano Appraisal Blog

FEBRUARY 8, 2021

Economist Timothy Taylor posted a discussion about hourly wages recently that had a section that sounded very familiar. Here’s the quote that caught my eye: “You will sometimes hear statistics people talk about a ‘composition effect,’ which just means that if you are comparing a group over time, you need to beware of the possibility […].

Appraisal 130

Appraisal 130

Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. Such a scenario illustrates the growing disparities in the U.S. housing market. As one struggling group of homeowners braces for the end of forbearance and navigates COVID-19-related economic shocks, another segment is better positioned than ever to scoop up properties that become available.

Lending 545

Lending Mortgage Insurance Housing Market 545

JMV Lending

FEBRUARY 3, 2021

The shortage of qualified appraisers is worse than ever for several reasons: Demand exceeds supply. The continued surge in both refinance and purchase transactions has created a situation where the demand for appraisers far exceeds the supply. COVID concerns. B/c of COVID concerns, many appraisers are justifiably reluctant to accept orders requiring physical (interior) inspections. […].

Appraisal 122

Appraisal Inspection Lending 122

Appraiserblogs

FEBRUARY 24, 2021

If we value higher, what about affordability?… A great deal of economic, social, and political talk has been around affordability of housing. To explore this topic, it may be helpful to ask some questions. Good policy starts with the right questions. In simplest terms, some people have the resources to have nice homes in nice neighborhoods, others have just tolerable homes for shelter.

Appraisal Process 147

Appraisal Process Appraisal Valuation Finance 147

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic. We provided additional services six months later in October 2020.

Landlords 117

Landlords Tenants Buyers Development 117

Midtown Appraisal Group

FEBRUARY 23, 2021

If you’re like many Canadians, you’ve grown up thinking that one day, you’d be buying your own home. It seems like a pretty normal thing to do – until you’re actually doing it for the first time, yourself.

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McKissock

FEBRUARY 16, 2021

Every homebuyer is different, just as every home buying experience is different. Each of your clients will have their own set of likes and dislikes. As a real estate professional, you should know how to tailor your approaches and strategies to suit your client’s wishes. Categorizing your client based on their motivations for buying is one of the best ways to help them find their dream home.

Buyers 94

Buyers Clients Real Estate Real Estate Agent 94

Housing Wire

FEBRUARY 1, 2021

United Wholesale Mortgage , now a publicly traded company, will return to the Super Bowl this year. The wholesale lender will be running a new Super Bowl commercial spotlighting independent mortgage brokers and its website FindAMortgageBroker.com for a second straight year. See the video below: “We will always find ways to elevate and shine a light on independent mortgage brokers, and what better way to do this than during the Super Bowl where millions of Americans are tuned in to watch the game

Retail 546

Retail Mortgage Marketing 546

BiggerPockets

FEBRUARY 26, 2021

This week’s question comes from Cory on the Real Estate Rookie Facebook Group. Cory is asking: Owner financing would buy me some time to get the property rented and cash […].

Finance 69

Finance Real Estate 69

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. In fact it’s been quite the opposite. We are still seeing historically crazy numbers across the board. Indicating that not only are we firmly planted in a seller’s market, but a historically crazy seller’s market.

Real Estate 69

Real Estate Marketing Inventory Sellers 69

Houston Properties

FEBRUARY 18, 2021

Winter In Houston: How To Deal With Home Damage From Snow & Cold Weather. Here's what you need to do to minimize damage and repair costs. Houston saw blankets of snow, sleet, record-low temperatures, and energy blackouts thanks to a historic winter storm making its way across the region. The Bayou City has not seen weather this frigid for more than three decades.

Insurance 69

Insurance Design Property Taxes Realtors 69

Real Quantum

FEBRUARY 9, 2021

WEBINAR |Using AI with CRE Data to Detect Key Factors for an Accurate Appraisal. February 18, 2021 | 11:00 AM CST. DURATION: 1 HOUR. FORMAT: LIVE & INTERACTIVE. WATCH REPLAY. Find out how real estate asset managers, CMBS firms and real estate focused venture capital firms are using artificial intelligence with commercial real estate data. Learn how they gather more information, more efficiently and gain new insights.

Appraisal 69

Appraisal Real Estate Clients Valuation 69

McKissock

FEBRUARY 5, 2021

Career satisfaction among real estate appraisers is significantly higher than the national average. Why are appraisers generally happy in their careers? Are some appraisers happier than others? Is income satisfaction as high as job satisfaction? Here, we address these questions and give a glimpse into survey data reported in the 2020-2021 Appraisal Income Guide.

Appraisal 93

Appraisal Clients Technology Real Estate 93

Housing Wire

FEBRUARY 8, 2021

Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call. On Thursday morning, Ishbia, in his characteristic fast-talking bravado, bragged about the wholesaler’s position as the biggest purchase lender in the market, cautioned that they’ve prioritized the long ga

Technology 545

Technology Mortgage Investors Investing 545

BiggerPockets

FEBRUARY 22, 2021

Welcome to episode 173.5! Yesterday you heard from Brent, a former registered nurse who paid off over $100,000 in debt and started a mobile pizza truck! Brent’s original interview was […].

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On Q Financial

FEBRUARY 8, 2021

If you caught The Kelly Clarkson Show on February 8th, you heard a bit about the O’Brien family and their story. We are honored to have been a part of the family’s recovery! The Kelly Clarkson Show & On Q Financial. When we heard about the O’Briens’ story, we knew we had to be a part of their recovery. That’s why we’re glad to have partnered with the Kelly Clarkson Show to assist this family with their rebuild!

Mortgage 69

Mortgage 69

Cornerstone

FEBRUARY 2, 2021

Reading Time: 2 minutes Download the infographic here. Look forward to a lot less competition. Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. Housing inventory is at an all-time low , sitting far below the 6-month supply required to support a healthy market.

Landlords 67

Landlords Loan Officers Buyers Sellers 67

PennyMac

FEBRUARY 12, 2021

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores. On the other hand, FHA loans require certain provisions which can sometimes be a burden on a homeowner’s budget, often in the form of premiums paid for mortgage insurance.

Insurance 59

Insurance Loan Officers Finance Mortgage 59

McKissock

FEBRUARY 12, 2021

If you’re thinking about starting or advancing your appraisal career, you probably want to know: How much do real estate appraisers make? A recent survey reported in the 2020-2021 Appraisal Income Guide shows that an appraiser’s annual earnings depends on many different factors. Here is a snapshot of the average real estate appraiser salary, broken down across license level, years of experience, and other key factors affecting income potential.

Real Estate 92

Real Estate Appraisal 92

Housing Wire

FEBRUARY 8, 2021

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?

Housing Market 544

Housing Market Marketing Government Real Estate Agent 544

BiggerPockets

FEBRUARY 18, 2021

An optimized rental price is a critical factor in property management. How do you effectively manage your property or your property management team to achieve the best outcome? Here are five easy, efficient ways.

Property Management 69

Property Management Landlords 69

On Q Financial

FEBRUARY 22, 2021

Buying a home is one of the most significant financial decisions of one’s life. As a result, buyers should want to find any ways to save on the final price tag. One of the most influential factors on a house’s price tag is when you choose to buy. What factors should you consider when buying a home? To ensure you buy your next home at the right time, you may want to consider everything that can affect the home price.

Real Estate Agent 68

Real Estate Agent Inventory Sellers Finance 68

Cornerstone

FEBRUARY 9, 2021

Reading Time: 2 minutes. Mortgage rates have dropped over a full percentage point within the past year, hitting new lows 16 times. This is a strong driver toward homeownership: Today’s lower rates give consumers even more benefits. Let’s take a look at the top three: Downsize or move up. Low rates open up opportunities to sell and move into a new house, whether it’s bigger and better or smaller and located in a more desirable place.

Mortgage 55

Mortgage Finance Marketing 55

Buys Brokers Only LLC

FEBRUARY 16, 2021

Mortgage interest rates in the U.S. remained unchanged for the second consecutive week, for the week ending February 11, 2021, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Mortgage 54

Mortgage Marketing 54