Housing Wire

AUGUST 11, 2020

Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound effect on an age-old conflict of appraisal reports versus what the market believes the home is worth.

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Housing Market Appraisal Reconsideration of Value Marketing 540

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Hometap, as an investor, provides cash in exchange for a share of their home’s future value.

Investing 350

Investing Real Estate Agent Marketing Real Estate 350

Housing Wire

DECEMBER 8, 2023

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? The more you know, the better job you’ll do finding them exactly what they’re looking for. Do they have realistic expectations?

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Clients Real Estate Inspection Buyers 416

Housing Wire

FEBRUARY 12, 2024

Where should mortgage rates be before I buy or refinance my home? How much home can I afford today? The reality is, borrowers are rate sensitive because it’s what they’re exposed to. What about sports? When are interest rates going to come down? So how do you build that trust and credibility? Do they have kids?

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Mortgage Clients Business Marketing 436

Housing Wire

MARCH 5, 2024

Housing affordability is at its lowest level in more than a decade, according to the National Association of Home Builders (NAHB), and there are few ways to circumvent the rising costs of housing. Typically, the fees are lower than those for new loans and no appraisal is needed. We expect volume to grow 10 times this year.

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Mortgage Buyers Agents Real Estate Agent 424

Housing Wire

AUGUST 18, 2023

Don’t go to your next listing appointment unless you know the following items: What the seller wants, needs or thinks it’s worth Pricing the home correctly in the first place prevents future price reduction drama. It’s not unusual for a homeowner to believe that their home should fetch a price higher than the comps.

Sellers 365

Sellers Construction Real Estate Finance 365

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What kinds of things can you expect? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. Home Office Addition.

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Renovations Appraisal Home Improvement Buyers 303

Housing Wire

APRIL 30, 2021

In today’s booming housing market, sellers have their pick of home offers. According to a study by Realtor.com , the median home listing price is up 15.6% Now, more than ever, sellers have a chance to get more money for their homes. How to negotiate your home purchase offer. What is an appraisal gap?

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Appraisal Sellers Buyers Housing Market 421

Housing Wire

OCTOBER 4, 2023

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. HousingWire: How is the market for appraisals changing in 2024?

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Valuation Appraisal Process Appraisal Lending 380

Housing Wire

FEBRUARY 15, 2024

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase. Everybody needs some kind of assistance in buying a home,” Saller said. They come in the forms of grants, second mortgages, deferred loans and forgivable loans.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. Thus, LOs will have to find ways to connect to listing agents or directly with buyers, who will need more guidance during the home-buying process.

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Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

Finance 409

Finance Investing Real Estate Agent Real Estate 409

Appraisal Buzz

APRIL 2, 2024

To be successful as a company, one must create a culture where the team not only expects the next change, but also embraces it. Changes in Home Finance For many consumers, winning the home finance game means getting the lowest possible interest rate on their new home loan.

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Finance Training Marketing Mortgage 195

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. What do you think? WHAT IS AN APPRAISAL INSPECTION? WHAT IS AN APPRAISAL INSPECTION? ”). .”

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Inspection Appraisal Technology Clients 369

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. So what can we do? Mortgage lending work is only one type of business where appraisals are needed. I have seen a slowdown in my lending work also. GET A WEBSITE.

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Business Appraisal Real Estate Agent Clients 393

Housing Wire

APRIL 6, 2021

The home checked off every box on Linda’s list. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. She recently had a deal fall apart due to appraisal. Presented by: Altisource. “I

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. Appraisal demand from generators (i.e.,

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Appraisal Marketing Mortgage Valuation 394

Appraisal Buzz

JANUARY 11, 2022

Home price appreciation in suburban areas is expected to continue to outpace metropolitan cities in 2022. Here’s what else a new report predicts for the months ahead. The post What Do Experts Expect From 2022’s Housing Market? The post What Do Experts Expect From 2022’s Housing Market?

Housing Market 195

Housing Market Marketing Appraisal 195

Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

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Marketing Lending Investors Real Estate 353

Realtor

NOVEMBER 7, 2023

iStock The costs of buying a home go well beyond the actual purchase price. If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. If demand in your area is high, a seller could expect a larger deposit.

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Inspection Insurance Sellers Buyers 196

Housing Wire

JANUARY 10, 2023

However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes. Property Appraisal.

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Modernization Finance Appraisal Valuation 371

Housing Wire

SEPTEMBER 9, 2021

When it comes to consumers’ growing desire for a seamless, fully digital home-buying experience, coupled with COVID-19’s influence on buying behaviors, it’s safe to say there truly is “no turning back.”. The pandemic had a profound impact on the home-buying experience. And why shouldn’t they? Desire to take a self-serve approach.

Mortgage 406

Mortgage Technology Inspection Appraisal 406

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. This continues to put a great deal of pressure on appraisers who are managing large portfolios during an appraisal shortage. “And Inclusive culture.

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Clients Valuation Real Estate Appraisal 384

Cleveland Appraisal Blog

DECEMBER 2, 2021

One appraiser reports a driveway to be two cars in size. It really depends on how the appraiser is looking at it. WHAT MOST APPRAISERS REFLECT. Most appraisers reflect the width of the driveway. If the appraiser is reporting the width, this can lead to other questions. They may all be correct! It depends!

Appraisal 243

Appraisal Buyers Market Value Real Estate Agent 243

Housing Wire

JANUARY 8, 2021

Are you considering purchasing a home for the first time? But what about all the other costs needed to complete the transaction? Understanding what expenses are required at closing to buy a house will help you budget and save more effectively. Closing costs are the thousands of dollars associated with buying a home.

Property Taxes 528

Property Taxes Insurance Real Estate Mortgage 528

Appraisal Buzz

MARCH 21, 2022

Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!

Valuation 370

Valuation Appraisal Inspection Technology 370

Appraisal Buzz

JUNE 21, 2021

The fifth largest economy in the world, California is home to some of the most extravagant residential properties you’ll find anywhere in the US. As a Southern California appraiser for 12 years, I’ve seen my share: homes with vineyards as backyards, celebrity mansions, even a castle. It was the home of a well-known actor.

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Appraisal Inspection Design Housing Market 358

Housing Wire

SEPTEMBER 7, 2022

They’ll require a full appraisal. “What you’re seeing is lenders getting out of wholesale ,” said Austin Niemiec, executive vice president of Rocket Pro TPO. “What you’re seeing is lenders getting out of wholesale ,” said Austin Niemiec, executive vice president of Rocket Pro TPO. “We’re

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Home Value Mortgage Government Lending 461

Appraisal Buzz

APRIL 18, 2022

This article was first published in the Appraisal Buzz Magazine. We are asking for submissions about your wildest appraisal stories! All the way from haunted encounters to animals that have been (unexpectedly) stumbled upon – Share with us and you could be featured in our Fall 2022 Appraisal Buzz Magazine. That’s when.

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Appraisal Business Retail Legal 413

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. It is a monthly pulse on what is happening in the market from the perspective of Realtors who are active in the field. In comparison, in 2011, homes took 96 days to sell. .

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Realtors Housing Market Marketing Buyers 394

Housing Wire

APRIL 11, 2022

Amanda Hill: Once average borrowers realized they can work remotely to achieve a different or more rewarding work experience AND their physical presence at the office was no longer mandatory, the search for the next home (probably with more space for a home office!) or expansion of the current nest began.

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Modernization Technology Tools Appraisal 339

Housing Wire

AUGUST 22, 2023

The agencies intend to tackle two challenges evident during the Covid-years refi boom: higher costs due to appraiser shortages and concerns regarding bias in home valuations. Ultimately, a robust regulatory framework continues to be a critical imperative to achieve these outcomes.

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Valuation Appraisal Government Real Estate 367

Housing Wire

JANUARY 12, 2023

The refi boom is in our rearview mirrors and the road ahead looks promising for home equity volume. Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Black Knight’s report of a $1.2

Technology 379

Technology Inspection Valuation Tools 379

Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated.

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Appraisal Development Market Value Tenants 279

Cleveland Appraisal Blog

APRIL 21, 2022

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. Could being located next to a property that is an eye-sore cause a loss in market value to your home? Our home is where we hope to have a measure of peace and quiet.

Market Value 350

Market Value Appraisal Agents Real Estate Agent 350

Appraisal Buzz

MAY 31, 2021

A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked!

Valuation 370

Valuation Appraisal Real Estate Insurance 370

Appraisal Buzz

OCTOBER 11, 2021

Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. If they’re in the mortgage industry, they’ll likely fall into one of two groups – those who understand the value you bring to the home finance transaction and those who think you fill out forms.

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Appraisal Clients Advertising Investors 397