Housing Wire

FEBRUARY 27, 2024

Redfin’s mortgage revenue was $26 million, down 8% from last year’s $28 million figure. We expect these projects to pay off throughout 2024 and 2025.” Factors contributing to this increase included adjustments in homebuyer commission refunds, revenue from concierge renovation services and rising home prices.

Brokerage 347

Brokerage Housing Market Renovations Real Estate 347

Housing Wire

FEBRUARY 21, 2024

The new loss-mitigation alternative resulted from the FHA’s acknowledgment that its toolkit wasn’t enough to support struggling borrowers as mortgage rates surged. The letter states that the option will be implemented starting May 1, 2024, but will be mandatory on Jan. million COVID-19 loss-mitigation actions.

Renovations 381

Renovations Mortgage Design Development 381

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. 5, 2024. In high-cost areas, however, it can go up to $75,000. The deadline to comment on the proposals is Jan.

Architecture 420

Architecture Renovations Inspection Finance 420

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 454

Inventory Renovations Real Estate Government 454

Housing Wire

JANUARY 3, 2024

If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. million over that period to acquire 52 units and renovate several of its 50 existing units.

Landlords 441

Landlords Home Value Construction Renovations 441

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “We are well positioned for further solid performance in 2024 as we take the friction out of real estate.” ” reads an Opendoor Technology Inc.

Marketing 405

Marketing Inventory Renovations Investors 405

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. USPAP 2024 is effective January 1, 2024. To read more, click here My comments: Be sure to read this blog post.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 372

Loan Officers Technology Lending Tools 372

Housing Wire

JULY 7, 2023

“The incoming economic data has been filled with conflicting signals,” said Mortgage Bankers Association SVP and Chief Economist Mike Fratantoni in a statement. Our forecast is for a slowdown in economic activity in the second half of 2023, with a recovery in early 2024. The June employment report reinforces that forecast.”

Construction 343

Construction Renovations Government Inventory 343

Movoto

MAY 15, 2024

One of the perks of purchasing a home is a special lending scenario known as a home equity loan , which becomes available to homeowners once enough money has been invested in the principle of a mortgage. Similar to a second mortgage , an equity loan on a home uses your home as collateral.

Renovations 36

Renovations Finance Lending Real Estate 36

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. Sector leaders are predicting more of the same for 2024. It remained way below the 44.6%

Investors 361

Investors Inventory Investing Real Estate 361

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M It’s important to understand the difference between updates and renovations.

Tools 64

Tools Appraisal Renovations Design 64

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. The second development in the case is that on March 22, 2024, the attorneys for Drs.

Appraisal 77

Appraisal Contracts Business Construction 77

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. over the course of 2024, declining from the 2023 average of 6.9%. baths, 7,455 sq.ft.,

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Genworth MI Blog

FEBRUARY 29, 2024

The mortgage process involves diligence and timeliness to ensure that borrowers can meet their closing date – that diligence is also required to master the appraisal review process. Your borrowers and the other parties who participate in the mortgage process will thank you! Register today!

Appraisal 88

Appraisal Inspection Training Real Estate 88

Appraisal Today

APRIL 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. April 24, 2024) — Mortgage applications decreased 2.7 per month, $24.75 Or hit the reply button.

Appraisal 76

Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Today

FEBRUARY 16, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser fights back against bias accusation, ok behavior when taking Zoom CE classes, estate appraisal liability issues, unusual homes, mortgage origination stats, etc. = This totally renovated 5 bedroom home is tucked in the woods on a secluded cul-de-sac.

Appraisal 80

Appraisal Contracts Training Architecture 80

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. Remember the old days with personal relationships with mortgage brokers? January 17, 2024) — Mortgage applications increased 10.4

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Will Springer Realtor

MARCH 12, 2024

This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. Rising mortgage rates are the main culprit for this affordability challenge. Rates zipped above 7.0% Experts expected the rate of inflation to decline. What does this mean?

Buyers 57

Buyers Construction Sellers Inventory 57

Housing Wire

FEBRUARY 8, 2024

In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals. Through every step, from finding a title agent to getting a mortgage worked out, she explained what needed to be done in clear and concise terms, and maintained professional transparency.

Real Estate Agent 381

Real Estate Agent Real Estate Agents Clients 381

Will Springer Realtor

OCTOBER 3, 2023

Municipalities are currently revising their land-use plans – most with 2024 deadlines – and will now include updated ADU rules. Mortgage lenders are adding ADUs to their financing options. In addition, CHOICERenovation Mortgages is an option for existing homeowners to pay off the addition or renovation of an ADU.

Law 66

Law Design Construction Government 66

Appraisal Today

JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Plus a short video on the renovation. Mortgage Lenders – 1989: FIREEA and appraiser licensing, 2009: HVCC and AMCs took over. He is very savvy.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Will Springer Realtor

MAY 9, 2023

Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. such renovations to these homes (between 20 and 39 years old), with about 200,000 of those projects running north of $25K each.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. Depending on the size of the home, buyers will receive up to $25K off to help defray the cost of the parking space, lower the mortgage interest rate, reduce closing costs or simply to further reduce the price.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. Rainier-esque peak of a decade past!

Real Estate 36

Real Estate Inventory Buyers Construction 36