Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. So, while the rate of home-price gains is trending downward, home values are still appreciating overall.

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Housing Wire

MARCH 28, 2024

An increasingly popular option for adding more housing is accessory dwelling units (ADUs), but restrictive land development policies sometimes prevent ADUs from becoming the norm. A path forward Economists place much of the blame on the current housing shortages on local governments, the Times said.

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Appraisal Buzz

MAY 6, 2024

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies have pulled out of some markets altogether after sustaining massive losses due to wildfires, flooding, and other climate-related disasters.

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows.

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Housing Wire

JULY 21, 2021

The tax credit’s goals include attracting “private investment in the development of affordable homes,” and bolstering “homeownership rates for low- and moderate-income homebuyers in underserved communities,” according to a White House fact sheet. Markets with Most Qualifying Inventory. Achieving Better Neighborhood Outcomes.

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Housing Wire

FEBRUARY 14, 2024

You might be ready to take on the luxury real estate market! I’ll show you what it takes to succeed as a luxury real estate agent in any market. If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+?

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Housing Wire

MAY 2, 2021

Using an AVM helps lenders quickly and accurately get an independent assessment of collateral value, which can streamline the home buying process for them and the borrower. Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle.

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Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

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Housing Wire

APRIL 28, 2022

The pace of purchase-loan originations as well as transactions in the private-label securities market started to slow by the second quarter of this year as interest rates continued to spike, according to mortgage industry experts. We’ll continue to watch this trend as it develops.”. So, I think the opportunity is still great.”.

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Appraisal Buzz

NOVEMBER 29, 2021

Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) 2) The Income Approach considers the present value of expected future cash flows. (3) Know what average home values are in your area. (2)

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Eppraisal

FEBRUARY 3, 2023

Types of Zones While there is variation among jurisdictions, the kinds of property zones usually fall into the following main categories: Residential -- where houses are allowed -- single-family and multi-family -- and are arranged in development tracts. Apartment buildings of over four units can be considered commercial, but not always.

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Housing Wire

MARCH 5, 2024

For this reason, I will provide a short monthly educational focus, followed by a summary of the HECM rate market. Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates.

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Eppraisal

SEPTEMBER 20, 2021

Those preparing to reap that return have reason to be glad these days -- home values averaged $676,000 nationwide in June of 2021. Yet that is a snapshot of a market often buffeted by economic, cultural and, in the age of COVID-19 -- biomedical changes. What about the job market?

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Cleveland Appraisal Blog

MAY 26, 2023

They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. Most good agents do a lot of work when pricing a home. If they end up too high, the home will likely sit on the market until the price is reduced.

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Housing Wire

OCTOBER 18, 2022

Lenders and marketers are looking for better ways to process home equity loans, craft more precise marketing campaigns and engage with prospects more efficiently in consumer-direct settings. And the timing couldn’t be better. Ultimately, this translates into smarter AVMs that can do more in less time.

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Housing Wire

JANUARY 17, 2024

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Yet staggeringly few are aware of its existence.

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Housing Wire

NOVEMBER 14, 2023

cities, wage inequality and housing markets in general. However, the economic dominance of a limited number of cities has been a critical driver of income inequality nationally and varying home prices across markets. More expensive cities, such as San Francisco, still hold median home value at about $1.4

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Housing Wire

APRIL 12, 2024

The real estate market is experiencing a slight rise in foreclosure activity following an extended period of moratoria that paused any foreclosures during the pandemic. In addition, the increase in foreclosure activity remains concentrated in certain markets. With home values across the U.S.

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Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. Homeowners will secure mortgages to finance their homes which can then be used as comparable sales for financing of nearby homes.

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Housing Wire

AUGUST 3, 2023

The history of AI and where it is going The Turing Test was developed by Alan Turing in 1950. A functioning neural network was viewed as the pathway to develop AI capable of learning anything a human could, and perhaps becoming more intelligent than humans. It re-emerged in the AI scene in October 2012. What is next?

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Housing Wire

MARCH 23, 2022

month-over-month in January , new home sales were down again in February, decreasing 2.0% Department of Housing and Urban Development and the U.S. Year-over-year, new home sales were down 6.2% At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3

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Eppraisal

JANUARY 24, 2023

This series will look at locating the right land; navigating through the purchasing process; engaging a lender to finance the purchase; developing the land in compliance with federal, state and local laws; and re-selling the improved property at  the right time. Therefore, it will depreciate very little, but can appreciate significantly.

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Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion a year prior, according to the trade group’s Market Share Analysis , published Friday. Top underwriters by market share for the quarter included First American Title insurance Co.,

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Housing Wire

MARCH 26, 2024

Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

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Housing Wire

MARCH 23, 2022

HousingWire recently spoke with David Peskin, president of Reverse Mortgage Funding, who said entering the reverse mortgage business could allow originators to break into a growing market with significant demand that is largely untapped. David Peskin: As we all know, the housing market is booming right now.

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Housing Wire

JUNE 29, 2021

Properties in the same neighborhood were used to serve as a control for value differences between different markets. The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. The post Are higher-risk homes cheaper?

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Housing Wire

OCTOBER 9, 2023

What if he could help other people find personal fulfillment and reduce stress while providing something of value that might lead them to work with Guaranteed Rate in the future? Users can compare current mortgage rates , and use a mortgage payment calculator, a home-value estimator and online loan applications. It feels good.”

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Eppraisal

DECEMBER 6, 2022

An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges. In this post, we talk about how issues near and far play a role in home sales. Such a development takes a large portion of the potential home buyer population out of play.

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Birmingham Appraisal

MARCH 21, 2023

A Look at How Market Trends are used in the Real Estate Appraisal Process The real estate market is constantly changing, and market trends play a crucial role in helping an appraiser determine property values. In this blog post, we’ll explore the role of market trends when completing a real estate appraisal.

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Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. Early pilots have shown Buyside’s predictions to be 5x better than other published approaches.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Reports have revealed a strong land market. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. See below why we feel Ohio land for sale market is still ripe for growth. Homes sales reached 14,210 in May 2022, a 1.8%

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Housing Wire

FEBRUARY 8, 2024

If you want to add effective real estate farming tips, tools and tactics to your marketing arsenal, our guide will show you how it’s done. Real estate farming also includes traditional marketing methods like sending direct mailers, knocking on doors and nailing your locally relevant social media presence.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. This indicates that we cannot reject the role historic discrimination has played in the evaluation of home values.”.

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Cleveland Appraisal Blog

OCTOBER 29, 2021

Ideally, they should be comparable in terms of age condition, quality of construction, market appeal, and we must also ensure that these properties have no functional or external obsolescence because these things can impact the rate of depreciation of a property. We’ve just developed the total economic life for one of the sales.

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Appraisal Buzz

JULY 5, 2021

While nobody can tell what the future holds, market trends and industry professionals can indicate patterns going forward, even if nobody knows for sure. If there’s anything the whole industry can take away from the past year, it’s that hands-on practice and being in someone’s home to appraise it isn’t just easier — it’s more effective.

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Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

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