Fri.Jun 18, 2021

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Doug Duncan and the housing market’s supply conundrum

Housing Wire

The housing market is no stranger to supply constraints. A toxic combination of wildly inflated lumber prices , a lack of new and existing homes , and the sheer number of borrowers willing to pay tens of thousands of dollars over ask on homes they’ve never seen in person, has created a pandemic-driven problem that the industry can’t quite shake.

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Don't Miss the Unveiling of the 2021-22 Top Ten Issues Affecting Real Estate® 6-23

Miller Samuel

[click image for free registration]. I'm a Counselor of Real Estate (CRE) and wanted to share this. Join The Counselors of Real Estate on June 23 for the unveiling of the 2021-22 Top Ten Issues Affecting Real Estate ®. Now in its 10th year, this signature thought leadership initiative identifies the current and emerging issues expected to have the most significant impact on all sectors of real estate.

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With a reinvigorated CFPB, what’s next for the NYDFS?

Housing Wire

Through a stroke of lucky timing, the New York Department of Financial Services (NYDFS) had gained traction with a reorganized and strengthened consumer advocacy mission just before the COVID-19 pandemic erupted in early 2020. Homeowners, renters, borrowers, lenders and mortgage servicers had one less thing to worry about as they absorbed the implications of pandemic-sparked forbearance rules and other regulatory shelters: realigned NYDFS operations were already in synch with the servicers that

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TV: Newsday Live: Hot Tips For a Hot Market: For Sellers

Miller Samuel

I had a fun conversation with Faith Jessie, journalist and anchor at Newsday, Maura McDermott, the real estate writer at Newsday, and Monica Balsan at Daniel Gale Sotheby's International Realty. My housing data came from our Elliman Report: Long Island Sales series I author for Douglas Elliman. The interview was placed on Newsday's home page, which was pretty cool.

Sellers 397
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House Hunters’ Evolving Wants, Needs, and Willingness to Compromise

Appraisal Buzz

While vaccine rollouts mean some things are returning to normal, changes in consumers’ priorities could linger. The post House Hunters’ Evolving Wants, Needs, and Willingness to Compromise appeared first on theMReport.com. The post House Hunters’ Evolving Wants, Needs, and Willingness to Compromise appeared first on Appraisal Buzz.

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June Newsletter-Summer is Here

DW Slater Company

“Sunflowers end up facing the sun, but they go through a lot of dirt to find their way there.” ? J.R. Rim. The official first day of summer is just a few days away, June 20,2021 (summer solstice) but it’s already here as we are already experiencing heat indexes above 100 degrees. We Texans are also panicking because ERCOT is already asking us to conserve our power usage this early in the season.

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More Trending

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Goal Setting and Data Benchmarking Can Help Narrow the Racial Homeownership Gap

Urban

To increase homeownership among Black households, leaders must unify around a shared goal that can provide guidance for defining and measuring progress.

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RES.NET Announces Enhanced REO Portal

Appraisal Buzz

A company spokesperson says the upgrade allows organizations to pivot based on operational need and easily add new stakeholders to support future growth. The post RES.NET Announces Enhanced REO Portal appeared first on DSNews. The post RES.NET Announces Enhanced REO Portal appeared first on Appraisal Buzz.

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FREE Webinar: The Appraisal Foundation 2021 Q3 Update

McKissock

On Wednesday, July 7, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2021 Q3 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

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Forbearance Snapshot: Mid-Month Activity Lulls, Exits Loom

Appraisal Buzz

Experts say they will be watching closely as some 400,000 plans are up for quarterly reviews in the coming weeks. The post Forbearance Snapshot: Mid-Month Activity Lulls, Exits Loom appeared first on DSNews. The post Forbearance Snapshot: Mid-Month Activity Lulls, Exits Loom appeared first on Appraisal Buzz.

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Why Is Cash Flow So Hard To Find?

BiggerPockets

Basic market dynamics have been making cash flow harder to find for nearly a decade, and the current red-hot market is making things worse. Here's how this should affect your investing strategy.

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The Week Ahead: Senate to Explore Equal Housing Measures

Appraisal Buzz

This week, the Senate Banking Committee will examine legislation from both sides of the political aisle geared toward enhancing the nation’s housing market and creating equitable housing for all. The post The Week Ahead: Senate to Explore Equal Housing Measures appeared first on DSNews. The post The Week Ahead: Senate to Explore Equal Housing Measures appeared first on Appraisal Buzz.

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BiggerPockets Money Podcast 206: Finance Friday: The 7-Step Plan to Financial Freedom

BiggerPockets

For most people, there tends to be a specific point in your life when you think, “I want to travel” or “I want to spend time pursuing my passions”. For […].

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The Week Ahead: Solutions to Keeping Up With Continued Demand

Appraisal Buzz

This week, “Originations Demand and Outsourcing Success,” the latest in the MReport Webinar series, will focus on how the industry is keeping pace with demand in a hot housing market, and how to increase profitability and productivity via outsourcing. The post The Week Ahead: Solutions to Keeping Up With Continued Demand appeared first on theMReport.com.

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Where to Find the Best Rental Calculator for 2021

Mashvisor

What is a rental calculator and where to you find the best one in 2021? We’ll answer this important real estate investing question in our article below.

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New Dataset Examines 2020 Homebuying Trends

Appraisal Buzz

A new report from the Federal Financial Institutions Examination Council (FFIEC) tracks 22 million+ home loan applications, detailing purchase trends across a number of ethnicities. The post New Dataset Examines 2020 Homebuying Trends appeared first on DSNews. The post New Dataset Examines 2020 Homebuying Trends appeared first on Appraisal Buzz.

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Significant number of Canadians considering moving to rural locations – poll

Mortgagebroker News

Survey also reveals that Canadians are more hopeful than realistic when purchasing their first home

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FFIEC Releases 2020 Data on Mortgage Lending

Appraisal Buzz

Analyzing nearly 4,500 financial institutions, the Federal Financial Institutions Examination Council (FFIEC) found that racial divide remains among the 22.7 million apps recorded in the marketplace in 2020. The post FFIEC Releases 2020 Data on Mortgage Lending appeared first on theMReport.com. The post FFIEC Releases 2020 Data on Mortgage Lending appeared first on Appraisal Buzz.

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CMHC announces federal support for affordable housing project in Toronto

Mortgagebroker News

Investment to support conversion of a vacant property in the city's downtown

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FREE Webinar: The Appraisal Foundation 2021 Q3 Update

Appraisal Buzz

On Wednesday, July 7, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2021 Q3 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

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Want to Buy a Home? Save, Save, Save as a Permanent Way of Life

San Jose Real Estate

Are you interested in being a first time home buyer? A first priority will be learning to save, both for buying the home, and then for keeping it in good shape. There’s more to it, but that is usually the hardest part. Where do you begin? Having a budget will enable you to figure out […].

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PHH Mortgage Buying Reverse Mortgage Solutions Inc.

Appraisal Buzz

Ocwen Financial Corp.’s PHH Mortgage subsidiary has entered into an agreement with Reverse Mortgage Solutions Inc. (RMS) and its parent, Mortgage Assets Management LLC (MAM), to acquire substantially all of the operations, assets and employees of the RMS reverse mortgage servicing platform. The company will also acquire all of the outstanding equity interests in the RMS real estate owned business, REO Management Solutions LLC.

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Accurate property condition data is more important than ever – Here’s why

Housing Wire

The waning pandemic in the U.S. is opening substantial opportunities across many housing sub-markets. All of these markets benefit from an accurate understanding of valuation and property characteristics, but the data sources that power them leave out a crucial component: property condition. HousingWire recently spoke with Raj Dosaj, head of real estate at CAPE Analytics, about how CAPE Analytics is providing this data and working with investors to grow their business.

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Home Tours, Offers and Pending Sales Show ‘A Clear Slowdown From a Few Weeks Ago’

Appraisal Buzz

Although competition continues to drive up home prices, but home tours, offers and pending sales have slowed, according to a new report from Redfin. New listings – a key lever for home sales growth – have held up better than pending sales and are inching up increasingly close to 2019 levels. “Offers no longer pour in the day a home hits the market,” says Phoenix Redfin real estate agent John Biddle.

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How to Sell a Tenant Occupied Rental Property Legally and Profitably

Mashvisor

It is usually better to sell your rental property while it’s vacant as the process is fast and smooth.

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FHA Reduces Obstacles to Homeownership for Student Debt Holders

Appraisal Buzz

Major steps taken will provide increased access to FHA loans for individuals with student loan debt. The post FHA Reduces Obstacles to Homeownership for Student Debt Holders appeared first on DSNews. The post FHA Reduces Obstacles to Homeownership for Student Debt Holders appeared first on Appraisal Buzz.

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What do mortgage employees really want from their employer?

Mortgagebroker News

CEO talks incentives, time-off, and giving his staff a voice

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Student Debt Holders Get Relief From FHA

Appraisal Buzz

A new policy change by the FHA will assist borrowers with student loan debt in their quest for homeownership. The post Student Debt Holders Get Relief From FHA appeared first on theMReport.com. The post Student Debt Holders Get Relief From FHA appeared first on Appraisal Buzz.

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How comfortable are Canadians with conducting financial transactions online?

Mortgagebroker News

Survey reveals all

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Homebuying Frenzy Shows Signs of Slowing

Appraisal Buzz

As one agent puts it, “If this were three years ago, we’d marvel at how fast the market was, but it’s a clear slowdown from a few weeks ago.” The post Homebuying Frenzy Shows Signs of Slowing appeared first on theMReport.com. The post Homebuying Frenzy Shows Signs of Slowing appeared first on Appraisal Buzz.

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House flipping hits lowest level since 2000

Housing Wire

Only 2.7% of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. Per a report from ATTOM , a national property database, 32,526 single-family homes and condominiums in the U.S. were flipped in the first quarter. That number is down from 4.8%, or one in every 21 home sales in the nation during the fourth quarter of 2020.

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A ‘Clear Slowdown’ for Fast Housing Market

Appraisal Buzz

As fierce competition wanes, homes this summer remain hard to find and afford, say economists commenting on a new market study. The post A ‘Clear Slowdown’ for Fast Housing Market appeared first on DSNews. The post A ‘Clear Slowdown’ for Fast Housing Market appeared first on Appraisal Buzz.

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Juneteenth holiday sparks chaos for lenders, LOs

Housing Wire

This article first appeared in the June 18th newsletter Lending Life. Sign up here to receive each weekday. On Thursday, President Joe Biden signed a bill into law, declaring June 19th, or Juneteenth, a federal holiday. Biden’s order commemorates the date the last enslaved African-Americans were informed that they were free. Wonderful news, right?

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

Lamacchia Realty

ARE YOU A WANT-TO-BE-SELLER IN 2021? Are you scared to list your home for sale because you don’t know where you would go if it sells before you find a new home? Are you searching for a home but cannot seem to find it? Worried about having to move twice? Worried about selling and buying safely? If you answered yes to any of these questions, then you are one of over a million people across the country right now who feel the same way.

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