Tue.May 18, 2021

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Low-tax states are winning the real estate battle

Housing Wire

For every one person who left low-tax states in the last eight years, an average of four people moved into those same states, according to a new report from Redfin. The trend is reversed in high-tax states, where an average of 2.5 people left for every one person who moved in. The study encompasses migration to and from 48 U.S. states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020.

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Saving Photos as an Appraiser

The Appraiser Coach

It is no secret that we as appraisers take a lot of photos. I probably take about 20-25 per house that I inspect. Then there are all the comp photos. Read More.

Appraisal 397
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Seattle’s already-hot real estate market is exploding

Housing Wire

For as long as Jim Pullin has been a realtor in Seattle, the Pacific Northwest city has always been a popular moving destination. But the past three years — and 2020, specifically — have been something else. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. “But a year ago, COVID-19 hit us, and w

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Embrace Home Loans Hires Stephen Adamo as President of National Retail Production

Appraisal Buzz

Stephen Adamo has joined Embrace Home Loans as president, national retail production. Prior to joining Embrace, Adamo served as executive vice president, head of U.S. mortgage banking, home equity, consumer manufacturing and credit underwriting at Santander Bank, NA. In that role, he had direct oversight of all aspects of residential home lending, including production, portfolio administration, secondary marketing, servicing and loan operations.

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Scott Betley to speak at engage.marketing June 17

Housing Wire

As uncharted and bizarre as an app with dancing teenagers seems, TikTok has staked its claim on the home screen of millions. An app where trends live and die within a mere 24 hours is also teaching a younger generation how to change their oil, effectively bake a cake, and now, buy a home. While home-buying has been historically seen as difficult, the process is getting a rebrand as loan officers, real estate agents and industry experts answer the questions that Gen Z (and any generation that won

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8 Red Flags Indicating Fair Lending Risk

Appraisal Buzz

Risk management is all about identifying, measuring, monitoring and controlling risk, and fair lending risk is no exception. Here are eight red flags that may indicate fair lending risk. 1. Discretion or exceptions in the underwriting or pricing process. Many financial institutions (FIs) pride themselves on their ability to work with consumers and be flexible with unusual circumstances.

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More Trending

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Many Buyers are Relocating to Low-Tax States

Appraisal Buzz

Taxes appear to be playing an increasing role as Americans decide if and when to relocate, and researchers look at what that means for home prices. The post Many Buyers are Relocating to Low-Tax States appeared first on theMReport.com. The post Many Buyers are Relocating to Low-Tax States appeared first on Appraisal Buzz.

Buyers 332
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Here’s how WFG is solving the major pain points facing the mortgage industry

Housing Wire

Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. These challenges have been exacerbated by historically low interest rates, which sparked a generational refinance boom while the industry was adapting to a work-at-home environment that further stressed operations. It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as

Mortgage 293
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Housing Starts Fell in April But Remain Up Compared to Last Year

Appraisal Buzz

Housing starts in April were at a seasonally adjusted annual rate of 1.569 million, a decrease of 9.5% compared with March but up 67.3% compared with April 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The massive year-over-year increase is due to the economic impact of the pandemic, which peaked in April 2020.

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Lessons from Overseas Could Improve the US’s Affordability Crisis

Urban

Differences in housing conditions between the US, UK, and France illustrate that improving access to fair, affordable housing requires state and national governments to intervene.

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Labor and Lumber Shortage Impede Housing Starts

Appraisal Buzz

April brought month-over-month declines in housing starts, as demand continued to drive builder confidence. The post Labor and Lumber Shortage Impede Housing Starts appeared first on theMReport.com. The post Labor and Lumber Shortage Impede Housing Starts appeared first on Appraisal Buzz.

Appraisal 195
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Debunking Three Myths about Low-Density Infill Housing: Lessons from Los Angeles

Urban

Research that debunks three common myths about infill housing development can help Los Angeles cope with its severe housing shortages.

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Housing Habits of Younger Millennials

Appraisal Buzz

To a much greater degree than those a few years older, those born between 1993-1997 are likely to “be independent” when choosing where to live. The post Housing Habits of Younger Millennials appeared first on DSNews. The post Housing Habits of Younger Millennials appeared first on Appraisal Buzz.

Appraisal 195
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More Than 50 Years after the Fair Housing Act, More Action Is Needed to Address Housing Discrimination against Asian Americans and Pacific Islanders

Urban

Federal leadership and broader public awareness of the discrimination faced by Asian Americans and Pacific Islanders can help move us closer to the promise of the Fair Housing Act.

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Homebuilding Dragged Down by Supply Problems; Rates Are Flat And Calm

Appraisal Buzz

Housing starts fell back from the annual rate of 1,733,000 units reported for March. Residential starts in April were down 9.5 percent to a seasonally adjusted annual rate of 1,569,000 units. This was also a slight rollback for the March estimate, which was originally reported at 1,739,000 million units. At that level, they were the highest since June 2006 and represented a 19 percent jump from February.

Appraisal 195
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Understanding the Differences between the COVID-19 Recession and Great Recession Can Help Policymakers Implement Successful Loss Mitigation

Urban

Mortgage forbearance has provided immense relief to homeowners during the COVID-19 pandemic. When relief ends, experts will naturally look to the Great Recession for guidance and lessons learned. When they do, it is imperative they realize the differences between the two economic crises.

Mortgage 109
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Woman-Owned Consultancy Service Aims to be Trusted Advisor

Appraisal Buzz

Courtney Thompson founded Consigliera, she says, to advise clients on both regulatory readiness and digital transformation at a time the default consumer needs it the most. The post Woman-Owned Consultancy Service Aims to be Trusted Advisor appeared first on DSNews. The post Woman-Owned Consultancy Service Aims to be Trusted Advisor appeared first on Appraisal Buzz.

Clients 195
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Homeownership Will Look Much Different across States in 2040. How does Your State Rank?

Urban

Between 2020 and 2040, homeownership trends will vary widely between states.

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Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded?

Appraisal Buzz

Economists dive into April housing market indicators and explain how today’s turbulent mortgage environment differs from that leading up to the 2007-2008 crash. The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded? appeared first on DSNews. The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded? appeared first on Appraisal Buzz.

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The Forthcoming Senior Rental Crisis Has Implications for Federal, State, and Local Policymaking

Urban

Senior renters will need more affordable, senior-friendly housing in the next two decades.

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Senators Introduce Bipartisan RON Legislation

Appraisal Buzz

New bill will allow for all notaries to execute remote online notarizations nationwide. The post Senators Introduce Bipartisan RON Legislation appeared first on theMReport.com. The post Senators Introduce Bipartisan RON Legislation appeared first on Appraisal Buzz.

Appraisal 195
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Making FHA Small-Dollar Mortgages More Accessible Could Make Homeownership More Equitable

Urban

The FHA’s mission is to provide mortgages to creditworthy borrowers who are underserved, but evidence suggests that FHA support for small-dollar mortgages needs improving

Mortgage 102
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Is the Housing Market Overheating?

Appraisal Buzz

While price acceleration mirrors what was seen leading up to the 2008 crash, economists say the similarities between then and now end there. The post Is the Housing Market Overheating? appeared first on theMReport.com. The post Is the Housing Market Overheating? appeared first on Appraisal Buzz.

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Recent Growth of Newly Built Smaller Homes Could Ease the Housing Shortage, but Higher Costs Hamper Affordability

Urban

Building costs can counteract the expected affordability improvements that arise from more new small homes being completed and sold.

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4 Key Disclosures and Disclaimers for Hybrid Appraisal Reports

Appraisal Buzz

There are numerous items to consider when deciding whether to accept or complete a hybrid or bifurcated appraisal assignment. If you’re interested in doing these types of assignments, you may want some recommendations on items to include in your report. Here, we explain four key disclosures and disclaimers to consider including in a hybrid appraisal report.

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Good for Business

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. Good for Business by David Brauner, Senior Broker at OREP.org Great/five star reviews, like […].

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Saving Photos as an Appraiser

Appraisal Buzz

It is no secret that we as appraisers take a lot of photos. I probably take about 20-25 per house that I inspect. Then there are all the comp photos. … Read More. The post Saving Photos as an Appraiser appeared first on Appraisal Buzz.

Appraisal 195
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The Top 5 Digital Forms for Salons

GoForrmz

Digitally transform your salon or spa’s daily operations with easy to use digital forms and electronic signature capture Paper forms are a common burden for salons and spas, requiring physical record-keeping, manual processing, and costly printing supplies. Many salons and spas are turning to digital solutions to modernize their operations, improve professionalism, and work more efficiently – resulting in time and budget savings, and improved client relations.

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Housing Starts and Permits Post Monthly Decline

Appraisal Buzz

Demand continues to be high, but supply issues concerned many builders in April. The post Housing Starts and Permits Post Monthly Decline appeared first on DSNews. The post Housing Starts and Permits Post Monthly Decline appeared first on Appraisal Buzz.

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Public Housing Authorities Are Supporting Equitable Vaccine Distribution among Communities Hardest Hit by COVID-19

Urban

Public housing authorities’ service delivery can serve as a model for future initiatives.

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Academy Mortgage Corporation Partners With Homebot Client-For-Life Portal

Appraisal Buzz

“Homebot empowers our clients to connect with Academy’s Loan Officers about their home financing needs so they can make smart, well-timed decisions about their options,” said Jason Klaskin, SVP of Sales Support at Academy Mortgage. The post Academy Mortgage Corporation Partners With Homebot Client-For-Life Portal appeared first on theMReport.com.

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The CFPB’s Proposed Foreclosure Prohibition Is Unnecessary and Would Prolong Property Resolution

Urban

A better option is to require servicers to evaluate borrowers for all loss mitigation for which they are eligible.

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Diaz Anselmo & Associates, P.A. Names New Managing Attorney

Appraisal Buzz

With more than 18 years’ industry experience, Maria Georgopulos will serve as Managing Attorney of Real Estate for the firm. The post Diaz Anselmo & Associates, P.A. Names New Managing Attorney appeared first on DSNews. The post Diaz Anselmo & Associates, P.A. Names New Managing Attorney appeared first on Appraisal Buzz.

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Can AI Revolutionize the Real Estate Industry?

BiggerPockets

AI is rapidly changing the way humans interact with technology—and real estate is no exception. Here, check out how AI is changing the real estate industry.