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3 mortgage industry trends that will define the rest of 2021

Housing Wire

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Eric Levin is EVP of Client Development at Model Match.

Mortgage 506
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Cadence Bank reaches settlement with DOJ over redlining

Housing Wire

million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods. Specifically, Cadence will provide $4.17

Lending 378
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As the market shifts to purchase, LOs get creative

Housing Wire

trillion in 2021. With the market shift, LOs whose businesses were mainly driven by refinances in 2020 and 2021, must quickly shift gears and figure out ways to bring in purchase leads. A sales manager, who requested anonymity, said that he helps newbie LOs by reviewing their strategies to pull in business at open houses.

Marketing 381
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Black Americans still face massive housing barriers

Housing Wire

of Black Americans bought or own their home as of the first quarter of 2021 — against 73.8% In the lender’s direct marketing and open house materials, the models were white. of white Americans. Per Redfin , 23% of white homeowners made no financial sacrifices to buy their first home, versus 14% of Black homeowners.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Why is 2021 different than other years? Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. Although you’re listing for $7,550 less, you may receive multiple offers which could develop a bidding war.

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Are you a “Want-to-Be” Seller in 2021?

Lamacchia Realty

ARE YOU A WANT-TO-BE-SELLER IN 2021? There are many reasons you may want a cash offer on your home instead of listing traditionally , most of which include the desire to avoid the inconvenience of showings and open houses that interfere with your schedule. The post Are you a “Want-to-Be” Seller in 2021? Read More ».

Sellers 67
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Missing Middle Housing in Victoria, BC

D Fritz Appraisals

The City’s of Victoria’s Strategic Plan (2020-2022) included an action in 2020 to consider a comprehensive amendment to the Zoning Bylaw to permit all “Missing Middle” housing forms as of right without the need for rezoning or development permit. . Educate yourself and have your say in the virtual open house today.