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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 361
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HW+ Member Spotlight: Stacy Esser

Housing Wire

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 383
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Working with Millennials: Q&A with Mike McElroy

McKissock

After working for a time at a Chicago radio station, he got his first real estate job in 2009. His approach to the client relationship centers around education, trust, proactive communication, market knowledge, aggressive facilitation of the transaction—and the use of cutting-edge technology. So he started his own brokerage. .”

Clients 96
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Foreigners bought $53B in US existing home sales, a 10% drop

Housing Wire

Foreign buyers purchased $53.3 Foreign buyers closed on 84,600 properties, down 14.2% It was the lowest number of homes bought since 2009, when NAR began tracking this data. Residential Real Estate report surveyed members about transactions with international clients who purchased and sold U.S. existing homes last year.

Buyers 366
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Fla. Unlikely to Feel Impact from Slowing Market

Empire Appraisal Group

Wary buyers and rising interest rates may affect some U.S. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages. Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s WEST PALM BEACH, Fla. –

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How owner finance investing works and how to navigate it (with Brandon Smith, 13+ years of investing and lending experience) – Real Estate Real Fast EP9

Listing Spark

How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing. 00:05:38] How to qualify buyers so that you have a low default rate on owner financing deals. 00:07:03] Why some buyers can’t qualify for more traditional financing.

Finance 36
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Too many appraisers?

Appraisal Today

Recall the five forces of friction: practices, standards, education, regulation, and client expectation. Communicating with non-lender clients: Very, very different than lenders. The hangar was built in 2009, and the home was completed in 2014. This blog considers how each friction will respond to this “excess” of appraisers.