Housing Wire

MAY 6, 2021

Fewer than 5 million households failed to make their rent or mortgage payments in March 2021, an improvement from December 2020 and the lowest number since the onset of the COVID-19 pandemic, according to a first quarter 2021 report released by the Mortgage Bankers Association. The study, which surveyed over 8,000 households and was dubbed “Housing – Related Financial Distress During the Pandemic,” found that 7.7% of renters (2.56 million households) missed, delayed, or made a

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Landlords Tenants Mortgage Marketing 473

Appraisal Buzz

MAY 6, 2021

Refinance and purchase loan volume drove up loan originators’ and processors’ compensation despite a minimal decline in basis points paid per loan. The post Loan Originator Commissions Increase in Q1 appeared first on theMReport.com. The post Loan Originator Commissions Increase in Q1 appeared first on Appraisal Buzz.

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Appraisal 370

Housing Wire

MAY 6, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his three-part HW+ series on the past , present , and future of real estate commissions. After talking to some of the biggest stakeholders in the industry about real estate commissions, he shares his findings and takeaways in this ask-me-anything conversation.

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Real Estate Real Estate Agent Agents Legal 408

Appraisal Buzz

MAY 6, 2021

With jobless claims dropping and a decline in Treasury yields, mortgage rates continue to remain below the 3% mark with the spring homebuying season in full swing. The post Mortgage Rates Continue Dip to Refi-Friendly Lows appeared first on theMReport.com. The post Mortgage Rates Continue Dip to Refi-Friendly Lows appeared first on Appraisal Buzz.

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Mortgage Appraisal 347

Housing Wire

MAY 6, 2021

It’s no surprise that borrowers’ credit scores are a vital component to homeownership. That three-digit number determines a person’s financial worthiness and impacts just how much money they can borrow. However, a new study from real estate tech provider OJO Labs found that there is a staggering gap in credit support and guidance among those who need it most.

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Real Estate Mortgage Agents Tools 402

Appraisal Buzz

MAY 6, 2021

Fannie Mae and Freddie Mac (the GSEs) have provided details for their streamlined refinance programs that were originally announced by the Federal Housing Finance Agency (FHFA) last month. The programs, named “RefiNow” by Fannie Mae and “Refi Possible” by Freddie Mac, will be available starting June 5 for Fannie Mae’s borrowers but not until August 30 through Freddie Mac.

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Appraisal Buzz

MAY 6, 2021

A shortage of underwriters may soon collide with the recent foreclosure moratoria to create headwinds for the industry. The post Facing Down the Mortgage Industry’s Looming Capacity Crisis appeared first on theMReport.com. The post Facing Down the Mortgage Industry’s Looming Capacity Crisis appeared first on Appraisal Buzz.

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Housing Wire

MAY 6, 2021

Home Point Capital reported $29 billion in origination volume in the first quarter of 2021 and a net income of $149 million, per the company’s earnings report. That origination volume is a 260% increase year over year, said Willie Newman, CEO and president of Home Point Capital, parent company of wholesale lender Homepoint, and up 23% over the fourth quarter.

Mortgage 369

Mortgage Business Marketing 369

Appraisal Buzz

MAY 6, 2021

Fannie Mae and Freddie Mac’s updated policies for backing “vacation” and “transient” housing reportedly have caused “industry confusion,” which the agency aims to remedy. The post FHFA Seeks Input on Short-Term Rental Unit Mortgages appeared first on DSNews. The post FHFA Seeks Input on Short-Term Rental Unit Mortgages appeared first on Appraisal Buzz.

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Mortgage Appraisal 195

Eyes on Housing

MAY 6, 2021

Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages, along with expected increases in mortgage rates stemming from a growing economy, are likely to exacerbate affordability challenges in the year ahead. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), 63.1 percent of new and existing homes.

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Mortgage 151

Appraisal Buzz

MAY 6, 2021

New report finds that many still face economic-related duress due to the pandemic, with just under five million households missed their mortgage or rent payments in March 2021. The post 14.2% of Homeowners Missed Housing Payment During Pandemic appeared first on DSNews. The post 14.2% of Homeowners Missed Housing Payment During Pandemic appeared first on Appraisal Buzz.

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Appraisal Mortgage 150

GoForrmz

MAY 6, 2021

Use digital forms to streamline the completion of frequently completed tasks, like client intake and payroll Paper forms, filing supplies, and physical record-keeping burden cosmetology and personal care services teams. From the costly nature of physical documentation to their resulting administrative demands, paper forms are simply more trouble than they are worth.

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Clients Modernization Business 78

Appraisal Buzz

MAY 6, 2021

Homeownership, for many, is a significant component of achieving the whole American Dream. But some who attain it later regret it. Why? And who is most likely to face such a quandary? A survey from LendingTree, published just before Mother’s Day, revealed that moms are twice as likely as dads to regret buying their current … The post How Parents Feel About the Homes They Lead appeared first on DSNews.

Appraisal 150

Appraisal 150

Empire Appraisal Group

MAY 6, 2021

Lumber Prices Surge to Another Record High. Source: Lumber Prices Surge to Another Record High | Realtor Magazine. The price of lumber hit a record high last week and is up more than 170% over the past 10 months. That is prompting builders to have to raise new-home prices as soaring lumber costs add thousands of dollars to the price of building a new home, the National Association of Home Builders reports.

Construction 78

Construction Realtors Inventory Appraisal 78

Appraisal Buzz

MAY 6, 2021

One full year into the pandemic finds housing inventory dropping nearly 33% year-over-year, with the rising price of building materials impacting listings. The post Supply Concerns Shun Inventory appeared first on DSNews. The post Supply Concerns Shun Inventory appeared first on Appraisal Buzz.

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Inventory Appraisal 150

BiggerPockets

MAY 6, 2021

Many homeowners assume they should pay off their mortgages as aggressively as possible. But does that really make financial sense? Here's what to consider before going mortgage-free.

Mortgage 76

Mortgage Investing Finance 76

Appraisal Buzz

MAY 6, 2021

The high cost of supplies is impeding the growth of new homes, as homebuilders are further hamstrung in a market seeking greater supply. The post Home Availability Imbalance Continues appeared first on theMReport.com. The post Home Availability Imbalance Continues appeared first on Appraisal Buzz.

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Appraisal Marketing 195

BiggerPockets

MAY 6, 2021

Many investors seek out value-add deals—and I heartily applaud them. But most of the value has been added to most of the assets most investors want to acquire. Here are clever ways to find and increase a property's intrinsic value.

Investors 72

Investors Real Estate 72

Appraisal Buzz

MAY 6, 2021

Recent research shows the reasons some heads of households are disappointed in their property purchases and what solutions, including selling, they are considering. The post Homebuyers Remorse: How Moms and Dads Differ appeared first on theMReport.com. The post Homebuyers Remorse: How Moms and Dads Differ appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

BiggerPockets

MAY 6, 2021

It’s a common concern among many Americans on whether or not they can retire on a timeline they feel comfortable with. In this episode, we talk to Deb, who’s having […].

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Finance 71

Mashvisor

MAY 6, 2021

“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined.

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Real Estate Investing Investors 73

On Q Financial

MAY 6, 2021

The dream of homeownership is becoming a reality for more people. HUD is permitting individuals classified under the Deferred Action for Childhood Arrivals (DACA) program who are legally permitted to work in the U.S. with the U.S. Citizenship & Immigration Service (USCIS) are eligible to apply for mortgages backed by the FHA. Because of this good news, DACA recipients have more mortgage options in their hands.

Mortgage 66

Mortgage Legal Buyers Appraisal 66

BiggerPockets

MAY 6, 2021

Income growth may seem like an obvious metric, but we’re going to do a deep dive and learn exactly what this metric can tell us. and what it can't.

Real Estate 72

Real Estate 72

Lamacchia Realty

MAY 6, 2021

WELCOME TO LAMACCHIAREALTY.COM. Lamacchia Realty has officially launched its completely revamped website. Despite winning awards in the past for its website, including a Leading Real Estate Companies of the World Website Quality Certification four years in a row , Lamacchia insisted on setting the bar even higher. This site gets over 3,000 views a day on average so having it be a clean and straightforward resource for buyers and sellers is of the utmost importance.

Realty 64

Realty Brokerage Sellers Renovations 64

BiggerPockets

MAY 6, 2021

Property taxes can have a real impact on your returns as a real estate investor. And based on where you own property, your tax rate can fluctuate wildly. There are a lot of lists out there that show tax rates by state, but they don’t exactly tell the whole story.

Property Taxes 52

Property Taxes Real Estate Investors Marketing 52

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. It is no surprise that this past year has brought on many unforeseen circumstances across many industries. City and town offices were ordered to shut down at the beginning of the pandemic causing delays for attorneys who need municipal certificates, mortgage companies were extremely backed up due to the low rates which caused a litany of refinancing applications, and extremely low inventory and high buyer demand flipped the market upside down.

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Renovations Buyers Home Improvement Realty 52

San Jose Real Estate

MAY 6, 2021

Santa Clara County Real Estate Market update.

Real Estate 73

Real Estate Marketing 73

Listing Spark

MAY 6, 2021

We are in one of the strongest sellers markets of this century. Pair that with a dramatically changing real estate industry where more tools are available to buyers and sellers than have ever existed before, how agents are compensated, specifically the buyer’s agent commission has become a very buzzy topic. Before we get started, I want to be clear, buyer’s agent commissions can be a complex discussion.

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Agents Real Estate Agent Buyers Real Estate 36

Housing Wire

MAY 6, 2021

Housing affordability weakened slightly during the first quarter of 2021, according to the latest report from the National Association of Home Builders and Wells Fargo Housing Opportunity Index. 63.1% of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of $79,900 — slightly down from the 63.3% of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500.

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Housing Market Marketing Market Value Construction 430

San Jose Real Estate

MAY 6, 2021

This is a fairly comprehensive article on the Saratoga real estate market that will include the live statistics from Altos Research for listed properties (not closed) in Saratoga CA 95070, the closed sale data from the RE Report for last month in Saratoga 95070, and the numbers I crunched for Saratoga - overall and by price point and high school district, since Saratoga has 3 different high school districts, each with an impact on home values.

Real Estate 41

Real Estate Marketing Home Value Inventory 41

Housing Wire

MAY 6, 2021

For the third consecutive week, mortgage rates managed to remain under 3%, dropping three basis points last week to an average of 2.96%, according to Freddie Mac ‘s PMMS. Despite consistent forecasts of a market with rising rates, the 30-year fixed rate mirrored more closely numbers borrowers saw back in February. Sam Khater, Freddie Mac’s chief economist, pointed to a golden opportunity for homebuyers given the recent economic ressurgence.

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Mortgage Construction Inventory Marketing 458

Magnusson Group

MAY 6, 2021

SHOP COLLECTION. Featuring a single-owner, carefully curated collection of estate jewelry spanning the century from 1890-1990. Shop both online and in person for necklaces, pendants, brooches, earrings, bracelets, rings, one-of-a-kind design pieces and religious icons from the deaccession of the College of St. Elizabeth. Viewing Dates + Times. Tuesday May 11th.

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Property Appraisal Design Appraisal 36