Housing Wire

MARCH 19, 2021

Determining the value of a home depends on both art and science. With the increasing availability of massive amounts of housing data and the ability to analyze that information. Analysis of millions of pieces of disparate data informs nearly every decision made involving residential real estate. Todd Teta – guest columnist March HW Magazine. Consumers, real estate agents, investors, mortgage lenders, insurance companies and other financial institutions need accurate valuations to inform th

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Real Estate Agent Real Estate Insurance Investors 545

The Appraiser Coach

MARCH 16, 2021

Many of us throw ourselves into our work because we love it. We love it so much we forget to take regular breaks, but it’s such an important thing to. Read More.

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Inspection Advertising Real Estate Agent Government 221

George Dell

MARCH 17, 2021

Legacy appraisal practice “the valuation process” is well established. Therein lies the problem. It is not designed to use modern methods toward objective, unbiased results. First, lets distinguish the different kinds of bias. We need to separate personal bias from analytic bias. Personal bias can be intentional, or unintentional (unconscious). Analytic bias itself can come […].

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Appraisal Modernization Valuation Design 195

Working RE

MARCH 16, 2021

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >> Editor’s Note: To help you stay up-to-date and connected, OREP/Working RE has established a Coronavirus (COVID-19) Discussion and Resource Page where you […].

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Inspection Insurance 146

Housing Wire

MARCH 19, 2021

A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi pudding. With mortgage rates making their ascension , many late-to-the-game homeowners hopped on the chance to refinance their home loans and pushed refi volume to 68% of all closed loans in February, according to the latest originations report from ICE Mortgage Technology.

Technology 543

Technology Mortgage Tools Inventory 543

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16. Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

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Appraisal Inspection Law Property Appraisal 141

D Fritz Appraisals

MARCH 16, 2021

Be Prepared for an Appraisal for a Positive Impact on Your Home’s Valuation. Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Appraisal HOA Easement Valuation 127

Housing Wire

MARCH 18, 2021

The progression of homebuying over the past year has seen prospective buyers adjusting their preferred destination plans again, and again, and again. One example is Colorado’s housing market, which has seen the effects of an insanely competitive market combined with low inventory push buyers into secondary cities – and sometimes, beyond.

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Housing Market Marketing Real Estate Agent Buyers 543

Working RE

MARCH 16, 2021

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. How to Fight Blacklisting by Isaac Peck, Editor Being blacklisted by a real estate […].

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Real Estate Appraisal 88

Appraiserblogs

MARCH 15, 2021

FTC vs LREAB Update The Supreme Court has denied the Louisiana Real Estate Appraisers Board’s petition to intervene in the administrative case for price fixing by the FTC. The FTC trial is scheduled to proceed on April 20, 2021. VaCAP is closely following this case and will update you as it proceeds. To view all the activity for this case, go to the FTC’s webpage here.

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Appraisal Real Estate Appraisal Process Finance 126

Empire Appraisal Group

MARCH 18, 2021

Unhappy with the Eviction Ban? A Federal Judge Agrees. Source: Unhappy with the Eviction Ban? A Federal Judge Agrees | Florida Realtors. By Justin Boggs. A federal judge ruled the eviction ban is unconstitutional and has never been done before – but he didn’t issue an injunction stopping it, and DOJ says it will appeal. NEW YORK – On Monday, the Consumer Financial Protection Bureau (CFPB) released data suggesting that 2.1 million Americans are more than three months behind on paying rent.

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Landlords Government Tools Realtors 78

Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. Cash-out loans have been growing over the past few years and it is also true that we have a recent history of excessive equity extraction factoring in a bust in housing.

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Lending Housing Market Mortgage Marketing 543

Yolo Solano Appraisal Blog

MARCH 17, 2021

The pandemic has changed all of our lives in the past year. In local real estate, activity paused in March and April as shelter-in-place orders took effect. The Fed dropped interest rates to zero, pushing mortgage rates to historic lows. Homes became more affordable but inventory (the amount of time to sell the current number […].

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Real Estate Inventory Marketing Mortgage 78

Appraiserblogs

MARCH 17, 2021

Bill A5185 and AMC Bill A5146 introduced to the state legislature in New Jersey show just how much state legislators don’t understand the appraisal profession. Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. From Bill A5185: 2. a. Prior to the initiation of a residential property appraisal, a holder of a license or certification under P.L.1991, c.68 (C.45:14F-1 et seq.) or registration under P.L.2017, c.72 (C.45:14F-27

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Appraisal Law Legal Property Appraisal 114

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16 Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

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Appraisal Inspection Law Property Appraisal 78

Housing Wire

MARCH 15, 2021

Zillow is the elephant in the room, and Mynor Herrera doesn’t know whether to feed it, ignore it, or find a mouse. Herrera at first felt he needed to work with Zillow, and he sent a check to the company each month in exchange for leads. But the head of Mynor & Associates , a Keller Williams affiliate in Bethesda, Maryland, grew frustrated. “We used to attribute 25% of our business to Zillow,” Herrera said.

Real Estate Agent 508

Real Estate Agent Real Estate Agents Brokerage 508

BiggerPockets

MARCH 18, 2021

There are several misconceptions about rent-controlled properties. For some, they can be a great addition to their investment portfolio. In this article, we look at the good and the bad of owning this type of asset.

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Landlords Investing 72

Valuation Review

MARCH 17, 2021

While mortgage lenders have been buying and installing technology at a rapid pace since the COVID-19 pandemic began, many aren’t actually using it as much as they could be, according to the latest Insights Report from mortgage advisory firm STRATMOR Group. Read on to learn more.

Technology 60

Technology Mortgage 60

DataMaster

MARCH 17, 2021

Real estate transactions should be bias-free. As most appraisers know, the Appraisal Foundation issued an exposure draft of a complete revision of Advisory Opinion 16 on March 1st. With two weeks to go until the deadline for comment submissions, we urge all appraisers to make their voice heard. Advisory Opinion 16. Advisory Opinion 16 made its debut in USPAP’s 1997 edition.

Appraisal 78

Appraisal Inspection Law Property Appraisal 78

Housing Wire

MARCH 15, 2021

The industry is now less than two weeks away from the one-year anniversary of the CARES Act, which provided borrowers with federally backed mortgages the option to receive forbearance for up to 180 days. After many extensions and exits, the Mortgage Bankers Association estimates 2.6 million homeowners are still in some form of forbearance, though that number continues to slowly fall.

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Mortgage 479

BiggerPockets

MARCH 19, 2021

This week’s question comes from Kaylee on the Real Estate Rookie Facebook Group. Kaylee is asking: When looking for a lender (specifically 203k) what is the best most effective way […].

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Real Estate 69

Valuation Review

MARCH 17, 2021

The JLL Valuation Advisory group promoted Erik Hill to national practice leader of healthcare, where he will help lead the growth of the firm’s healthcare valuation advisory business throughout the U.S., the company announced. Read on to learn more.

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Valuation Business 60

National Association of Realtors

MARCH 18, 2021

Peter Gallo, Chair of the NAR's Real Property Valuation Forum presents a live form featuring a panel of residential, commercial, and review appraisers.

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Appraisal Valuation Real Property 71

Housing Wire

MARCH 18, 2021

In the wake of an ultimatum that mortgage brokers couldn’t use Rocket Pro TPO an d Fairway Independent Mortgage while still sending loans to United Wholesale Mortgage , Mat Ishbia declared victory. In a statement issued after Monday’s deadline, the president and CEO of UWM said that more than 10,000 broker shops have pledged to no longer work with Rocket and Fairway , whom he said have been working behind the scenes to destroy the broker channel.

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Mortgage Lending 432

BiggerPockets

MARCH 16, 2021

While traveling throughout southeast Asia, Michael Su asked what he could be doing to protect himself if he ever didn’t have stable income. As a digital nomad, travelling from country […].

Real Estate 69

Real Estate 69

Valuation Review

MARCH 17, 2021

The Mortgage Industry Standards Maintenance Organization recently said it is seeking public comment on its Commercial Appraisal Dataset, according to an announcement from the Mortgage Bankers Association. Read on to learn more.

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Appraisal Mortgage 60

McKissock

MARCH 17, 2021

Written by Debbie De Grote. It is very common for agents to be excited about increasing their sales price to sell properties in the high-end and luxury home market. Maybe you’ve watched a few of the luxury real estate reality shows, and they sure make it look glamorous, don’t they? As a coach to many superstars in luxury home markets across North America, I can tell you that what you see on TV shows is not the reality of what really goes on in the trenches.

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Marketing Luxury Properties Real Estate Sellers 52

Housing Wire

MARCH 18, 2021

Savor the irony: A blank-check company started by Spencer Rascoff is bringing an iBuyer, Offerpad, public. Offerpad , a Phoenix-based company, said Thursday that it was bought by a Rascoff-controlled special purpose acquisition company, named Supernova Partners Acquisition Company. Supernova Partners will shepherd Offerpad onto the New York Stock Exchange, according to a press release.

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Real Estate Real Estate Agent Loan Officers Technology 432

BiggerPockets

MARCH 16, 2021

If you want to transfer your ownership interest in an LLC, it’s essential that you have your ducks in a row before moving forward. While transferring an LLC can be […].

Business 69

Business 69

Valuation Review

MARCH 17, 2021

According the Fannie Mae’s economic and strategic research group, the U.S. economy is expected to grow 6.7 percent this year, up from last month’s forecast of 5.3 percent. “If 2020 was the year of the virus, then 2021 will more than likely be the year of the vaccine,” Fannie Mae Senior Vice President and Chief Economist Doug Duncan said in a release.

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Berkshire Hathaway

MARCH 19, 2021

2020 brought a lot of uncertainty with the health crisis which made a lot of people think twice about selling their home. This year however we are definitely starting to see a change, and the numbers are showing that. Fannie Mae shows that 57% of consumers believe now is a good time to sell. Historically spring is the busiest season when it comes to the housing market and experts see no reason why this year should be any different, so what does this mean if you’re thinking of selling your home?

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Inventory Buyers Housing Market Marketing 48

Housing Wire

MARCH 19, 2021

A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. RedfinNow , the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C. area. The company’s iBuyer platform is already available in Arizona, California, Colorado, Texas and Washington. “Moving is stressful enough, without having to worry about your home selling before you’ve found a home to buy,&

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Marketing Sellers Brokerage Investors 410

BiggerPockets

MARCH 13, 2021

Does it ever seem like working overtime is a competition? We often see people bragging about how they work 60 hour weeks, work on weekends, or spend the most time […].

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Real Estate 69

Valuation Review

MARCH 17, 2021

Donegal Insurance Group, a family of property and casualty insurance companies, has selected CoreLogic as its technology provider. The move should help power and streamline property claims operations and help improve the policyholder experience. Read on to learn more.

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Insurance Technology 60