Tue.Jun 01, 2021

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Should you buy a home in a super-hot housing market?

Housing Wire

The world has been dealing with a significant health crisis since the beginning of 2020. This has provided the American bear troll crowd numerous opportunities to pontificate about a likely long-lasting depression. If you bought into the theories being peddled by this crash-cult crowd (who, by the way, have been infecting the discourse of economics since the creation of social media and YouTube channels) then you would have believed that the second housing market bubble crash was imminent during

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Everything is selling $100K over the list price (not really)

Sacramento Appraisal Blog

The market is nuts and everything is selling $100K over the list price!! We hear that quite a bit, but how true is it? Today I have some new visuals to help answer this question. If you’re not local, would your market look similar? Two new visuals. What do you think? Below the list price: […].

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Biden tax credit to rehab homes is finally unveiled

Housing Wire

The Biden administration announced proposals to combat the racial wealth gap , including a tax credit to rehab homes for low and moderate-income homebuyers as part of the trillion dollar infrastructure package. The White House announced the measures ahead of a trip President Joe Biden made to Tulsa, Oklahoma to honor survivors of the Tulsa Race Massacre.

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Cleaning House: Combatting Money Laundering

Appraisal Buzz

Money laundering remains a problem within U.S. real estate. Here’s how the industry can push back. The post Cleaning House: Combatting Money Laundering appeared first on theMReport.com. The post Cleaning House: Combatting Money Laundering appeared first on Appraisal Buzz.

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Forbearance re-entries making life difficult for servicers

Housing Wire

Servicers’ forbearance portfolio volumes managed to drop one basis point last week to 4.18%, the 13th consecutive week of declines. However, some unfortunate trends are beginning to crystalize. Despite declines for nearly every investor type, last week’s positive numbers were offset by an 11 basis point jump in forbearance share for portfolio loans and private label securities, according to the latest data from the Mortgage Bankers Association.

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Uptick Reported in Forbearance Re-Entries

Appraisal Buzz

Overall forbearance volume may have declined, but the number of homeowners requiring additional assistance rose, despite an improvement in initial unemployment claims. The post Uptick Reported in Forbearance Re-Entries appeared first on DSNews. The post Uptick Reported in Forbearance Re-Entries appeared first on Appraisal Buzz.

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Black Knight Merges Products to Improve Tax Estimation Accuracy

Appraisal Buzz

The data and analytics provider has integrated its Ernst Fee Service with its nationwide property tax database for “a better borrower experience.” The post Black Knight Merges Products to Improve Tax Estimation Accuracy appeared first on DSNews. The post Black Knight Merges Products to Improve Tax Estimation Accuracy appeared first on Appraisal Buzz.

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Meet Berkshire Hathaway HomeService’s new CEO

Housing Wire

Christy Budnick, Berkshire Hathaway HomeServices CEO. You may have never heard of Christy Budnick, but she is suddenly one of the most powerful people in residential real estate. Last week, Berkshire Hathaway HomeServices , a hulking network of franchisee brokerages, named Budnick its CEO. Budnick replaces Chris Stuart, who took a job as president of Place , a real estate technology platform for both brokers and agents.

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When Should We Put Technology Aside?

The Appraiser Coach

I woke up to a text the other morning from one of my employees. The text had been sent at 12:30 AM! Now, I turn my phone off at night. Read More.

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Foundation Title & Escrow expands into Georgia

Housing Wire

Tennessee-based Foundation Title & Escrow LLC announced another move in the Southeast, this time opening a branch in Georgia. The new branch will open in June and run by Kristie Parker, the company said in a release. “Foundation Title & Escrow is excited to serve a new state with our first office in Georgia,” said Chris Cantrell, CEO. “Our growth into this new region is a significant milestone for our company and comes as we look forward to further expansions of the company’s brand

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CoreLogic: Baby Boomers Staying Put Could Increase Home Inventory Challenges

Appraisal Buzz

According to the CoreLogic Home Price Index (HPI) and HPI Forecast for April 2021, national home prices increased 13% year over year and 2.1% compared to March. Sparse inventory and high demand continues to place upward pressure on home prices, creating challenges across generations as buyer preferences shift, CoreLogic says. Younger Millennials continue to enter the market in droves while older Millennials look to upgrade and upsize their homes.

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President Biden Takes on Racist Home Appraisals That Hurt Black Homeowners

Realtor

Getty Images President Joe Biden took another step toward addressing the persistent discrimination in housing and business that has been holding generations of Black Americans back from building wealth that can be passed down to future generations. Biden’s administration announced on Tuesday it was launching an interagency effort to combat unfair appraisals for homeowners of color and fight inequality in the real estate sector.

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Pending Home Sales Fell in April Compared with March

Appraisal Buzz

Pending home sales fell 4.4% in April compared with March but were up 51.7% compared with April 2020, according to the National Association of Realtors (NAR). Month-over-month, pending home sales decreased 12.9% in the Northeast, 6.1% in the South, and 2.6% in the West. Sales increased 3.5% in the Midwest. Year-over-year, sales increased by double digits in all four regions.

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Has Appraising Failed the Public Good?

Working RE

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Has Appraising Failed the Public Good? by Steven R.

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Survey Respondents Report Satisfaction with Pandemic-Era Relocations

Appraisal Buzz

A vast majority say that after their move, they have the same or more disposable income, a larger house, and are in a better financial situation overall. The post Survey Respondents Report Satisfaction with Pandemic-Era Relocations appeared first on DSNews. The post Survey Respondents Report Satisfaction with Pandemic-Era Relocations appeared first on Appraisal Buzz.

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5 Reasons Why Banking on the Future of Retail Rental Space is a Brainy Choice

The Robert Weiler Company

Just as many today predict an all-digital retail environment, a final death blow to brick-and-mortar retail rental space, so have they expected the long-coveted “paperless office.” Nearly 50 years ago, in a Business Week article titled, “The Office of the Future,” writer Vincent E. Giuliano typed out a reasonably prophetic sentence: “By 1990, most record-handling will be electronic.”.

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Are Homebuyers Happier After Moving to a New Metro?

Appraisal Buzz

Researchers questioned folks who relocated during a global health crisis to find out if they have regrets. Here is what they learned. The post Are Homebuyers Happier After Moving to a New Metro? appeared first on theMReport.com. The post Are Homebuyers Happier After Moving to a New Metro? appeared first on Appraisal Buzz.

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The Ugly Truth: 4 Home Pricing Mistakes

McKissock

You know it all too well. When selling a home, your pricing strategy makes or breaks your chances for a quick sale. Pricing isn’t always a simple, straightforward process, and can often waste time and money and lead to frustration for both you and the seller. Here, top real estate agents and brokers share the most common home pricing mistakes they see and how to fix them: Mistake #1: Ending a price in 9.

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RE/MAX Joins Forces With LGBTQ+ Real Estate Alliance

Appraisal Buzz

New partnership will help agents build their business as they advocate for LGBTQ+ buyers and sellers. The post RE/MAX Joins Forces With LGBTQ+ Real Estate Alliance appeared first on theMReport.com. The post RE/MAX Joins Forces With LGBTQ+ Real Estate Alliance appeared first on Appraisal Buzz.

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President Biden Takes on Racist Home Appraisals That Hurt Black Homeowners

Realtor

Getty Images President Joe Biden took another step toward addressing the persistent discrimination in housing and business that has been holding generations of Black Americans back from building wealth that can be passed down to future generations. Biden’s administration announced on Tuesday it was launching an interagency effort to combat unfair appraisals for homeowners of color and fight inequality in the real estate sector.

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More Boomers Opting to Stay Put

Appraisal Buzz

A new report from CoreLogic has found that more baby boomers are choosing to stay in their homes rather than enter a tight market where their options are limited. The post More Boomers Opting to Stay Put appeared first on DSNews. The post More Boomers Opting to Stay Put appeared first on Appraisal Buzz.

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Can You Buy a House With a Low Credit Score? Yes—But Maybe You Shouldn’t

BiggerPockets

A low credit score doesn't mean you can't buy a house—or invest in real estate. It just means you need different strategies. And you should also carefully consider whether buying property is the right solution for you right now.

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McKissock Launches New Certified Green Home Appraiser Program

Appraisal Buzz

McKissock Learning is excited to announce the launch of our new Certified Green Home Appraiser (CGHA) program , now available to certified residential and certified general appraisers in many states. Green technology and the popularity of green living are advancing rapidly, creating an opportunity for real estate appraisers with specialized knowledge and expertise in the area of eco-friendly housing.

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McKissock Launches New Certified Green Home Appraiser Program

McKissock

McKissock Learning is excited to announce the launch of our new Certified Green Home Appraiser (CGHA) program , now available to certified residential and certified general appraisers in many states. Green technology and the popularity of green living are advancing rapidly, creating an opportunity for real estate appraisers with specialized knowledge and expertise in the area of eco-friendly housing.

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Home Prices Remain High With Supply Restricted

Appraisal Buzz

More baby boomers are choosing to remain in their homes, forcing prices to rise upward as the number of homes available rapidly shrinking. The post Home Prices Remain High With Supply Restricted appeared first on theMReport.com. The post Home Prices Remain High With Supply Restricted appeared first on Appraisal Buzz.

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Secondary Markets Are on the Upswing—But Will That Last? (And Should You Invest?)

BiggerPockets

Investing in real estate is not a speculative venture. We’re not jumping on fads. Here's how to target markets and strategies that have, over time, proven themselves reliable for building lasting wealth.

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When Should We Put Technology Aside?

Appraisal Buzz

I woke up to a text the other morning from one of my employees. The text had been sent at 12:30 AM! Now, I turn my phone off at night … Read More. The post When Should We Put Technology Aside? appeared first on Appraisal Buzz.

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How to Flip Houses With No Money in 2021: 5 Steps

Mashvisor

If you are looking to get into real estate investing in 2021 and make a quick profit, house flipping can be a lucrative investment strategy.

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AI, Digital Tools Lead to Faster Closing Times

Appraisal Buzz

Both borrowers and lenders have said digital mortgage technologies are making mortgage loan closings more efficient, “thus improving the overall experience for participants,” experts report. The post AI, Digital Tools Lead to Faster Closing Times appeared first on theMReport.com. The post AI, Digital Tools Lead to Faster Closing Times appeared first on Appraisal Buzz.

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You've Received Multiple Offers.Now What?

Eppraisal

It is one of the best seller's markets the real estate industry has seen in a long time, perhaps even better than the mid-2000s. List your home for sale on the market one minute, and the next you're likely fielding offers. Gay Cororaton, the Research Economist for the National Association of Realtors states, "On average, there were four offers per home sold (closed) in February 2021.

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Relationships Are at the Core of Your Mortgage Technology

Appraisal Buzz

Here’s how to ensure your tech is working for you … and not the other way around. The post Relationships Are at the Core of Your Mortgage Technology appeared first on DSNews. The post Relationships Are at the Core of Your Mortgage Technology appeared first on Appraisal Buzz.

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Krystal Holt Transitions to Business Development Consultant

Lamacchia Realty

Krystal Holt has officially moved into the role of Business Development Consultant for Lamacchia Realty. After spending a year with the company as a Success Guide , working with agents to help them ramp up their business, Krystal impressed everyone she worked with. Her determination, kindness, and energy make her an excellent fit for the Business Development Consultant role so she can help more agents discover the exciting services Lamacchia Realty has to offer.

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Rookie Podcast 83: College Coach with 10 “Doors” Renting By the Room to Students

BiggerPockets

Many landlords decide to switch from renting by the unit to renting by the room in order to maximize cash flow per unit. Renting by the room is usually best […].

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LowestRates.ca: BoC's low-rate commitment doesn’t preclude posted rate increases

Mortgagebroker News

This has crucial implications on the ability of Canadians to participate in an increasingly competitive housing market