Housing Wire
MAY 21, 2021
According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me.
Appraisal Buzz
MAY 21, 2021
Industry professionals will converge on the Lone Star State as the Five Star Institute welcomes the mortgage community back for an in-person conference this fall. The post Five Star Conference Returns to Dallas in September appeared first on theMReport.com. The post Five Star Conference Returns to Dallas in September appeared first on Appraisal Buzz.
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Housing Wire
MAY 21, 2021
Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019.
Appraisal Buzz
MAY 21, 2021
After hosting a virtual version of the long-running event in 2020, this year Five Star Conference will return for an in-person conference in Dallas in September. The post 2021 Five Star Conference Welcomes Home the Industry appeared first on DSNews. The post 2021 Five Star Conference Welcomes Home the Industry appeared first on Appraisal Buzz.
Housing Wire
MAY 21, 2021
A recent report from ATTOM Data Solutions found that median home prices increased in 75% of the country’s “Opportunity Zones” — economically distressed communities that may qualify for tax deferment — year over year in the first quarter of 2021. In two-thirds of all Opportunity Zones, prices rose at least 10%. The report studied 4,579 Opportunity Zones in the country with at least five home sales in the first quarter of 2021. 43% of those zones had median home prices of less th
Appraisal Buzz
MAY 21, 2021
Plaza Home Mortgage recently announced a new jumbo mortgage program—Jumbo AUS—that offers fixed rate mortgages up to $2 million using the new Qualified Mortgage (QM) definition and leveraging Desktop Underwriter (DU) and Loan Product Advisor (LPA) documentation. The program, available through Plaza’s wholesale and national correspondent channels, streamlines the underwriting process and accepts FICOs as low as 680, DTIs as high as 45 percent and LTVs as high as 89.9%, the company says in.
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Appraisal Buzz
MAY 21, 2021
AXIS Lending Academy , a non-profit education program that offers free hybrid education training to people seeking a career in the mortgage industry, recently launched. The free training program educates and prepares candidates for a career in mortgage operations and helps with job placement. It also helps lenders diversify their workforce and lower costs, the group says in a release.
Housing Wire
MAY 21, 2021
As the mortgage market swings back to purchase, lenders are looking at ways to welcome new customers, clients and colleagues as they expand their reach. That’s why we’ve invited Movement Mortgage ‘s vice president of marketing Jake Fehling to speak about marketing to reach a diverse audience at engage.marketing on June 17. Prior to his career in the financial services industry, Fehling spent four years in executive search in the life sciences, leading or assisting on multiple senior-
Appraisal Buzz
MAY 21, 2021
As the nation continues to shake the dust off from the pandemic, more homeowners are moving out of forbearance plans and returning to economic stability. The post The Week Ahead: Positive Trends Signal Drop in Forbearances appeared first on DSNews. The post The Week Ahead: Positive Trends Signal Drop in Forbearances appeared first on Appraisal Buzz.
Housing Wire
MAY 21, 2021
Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT , an affiliate of Investors Title and National Investors Title Insurance Company , which provides search solutions in Florida, Georgia, South Carolina, Tennessee and Virginia. The new integration will enable customers to place online orders for SearchCONNECT’s title search and policy-typing solutions without leaving the RamQuest website
Appraisal Buzz
MAY 21, 2021
Existing-home sales remain elevated thanks to low rates and an improving economy, but are limited due to ever-shrinking inventory. The post Why Homeowners Aren’t Selling in This ‘Super Sellers’ Market appeared first on DSNews. The post Why Homeowners Aren’t Selling in This ‘Super Sellers’ Market appeared first on Appraisal Buzz.
Eyes on Housing
MAY 21, 2021
After reaching a record high in October, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a ten-month low in April, as tight inventory continues to limit sales and fuel home price growth. The median existing home price in April surged to an all-time high and was the largest annual pace on record. Total existing.
Appraisal Buzz
MAY 21, 2021
A new report shows that while housing market potential remains elevated, existing homeowners staying put accounted for more than 15,000 fewer potential home sales in April. The post Hesitation to List Hinders Existing-Home Sales appeared first on theMReport.com. The post Hesitation to List Hinders Existing-Home Sales appeared first on Appraisal Buzz.
BiggerPockets
MAY 21, 2021
This week’s question comes from Bryan on the Real Estate Rookie Facebook Group. Bryan is asking: How do PM (property management) companies handle maintenance? Do they fix the issue and […].
Appraisal Buzz
MAY 21, 2021
This working document’s expanded dataset reportedly gives researchers and policymakers more complete historical information of mortgage risk than ever before. The post FHFA Paper Challenges Assumptions About 2008 Financial Crisis appeared first on DSNews. The post FHFA Paper Challenges Assumptions About 2008 Financial Crisis appeared first on Appraisal Buzz.
BiggerPockets
MAY 21, 2021
Americans love their pets, so it often makes sense to accept pets in your rentals. However, it's important to create a pet policy—and stick to it.
Appraisal Buzz
MAY 21, 2021
Low rates and tight inventory is equaling a greater return for sellers, as more homebuyers are dipping deeper into their pockets to land the home of their dreams. The post Home Sellers Continue to Land Record Profits appeared first on theMReport.com. The post Home Sellers Continue to Land Record Profits appeared first on Appraisal Buzz.
CA Realty Training
MAY 21, 2021
By Elias Magers. The foreclosure process is the bank’s (or other financial institution) final effort to collect money owed to them. What often results from the foreclosure process is a repossessed house, damaged credit, and displaced living. Despite the gloomy impacts, understanding how the foreclosure process works is important because it will help you learn about property ownership, mortgages, and homeowner’s financial options.
Appraisal Buzz
MAY 21, 2021
We are excited to announce that McKissock Learning will begin offering live stream appraisal licensing courses in June 2021. That means prospective appraisers will be able to complete the education needed to become an appraisal trainee via live virtual classes—taught by expert instructors in real time. Depending on your needs and personality, you might prefer the new live stream classes over our self-paced online courses.
McKissock
MAY 21, 2021
We are excited to announce that McKissock Learning will begin offering live stream appraisal licensing courses in June 2021. That means prospective appraisers will be able to complete the education needed to become an appraisal trainee via live virtual classes—taught by expert instructors in real time. Depending on your needs and personality, you might prefer the new live stream classes over our self-paced online courses.
Appraisal Buzz
MAY 21, 2021
This week, a Terner Center webinar will tackle and propose solutions to the nation’s affordable housing issue. The post The Week Ahead: Leveling the Housing Playing Field appeared first on theMReport.com. The post The Week Ahead: Leveling the Housing Playing Field appeared first on Appraisal Buzz.
Lamacchia Realty
MAY 21, 2021
HOW TO NAVIGATE THE. 2021 EARLY SUMMER MARKET. The past year and a half has been like nothing the housing market has ever seen. Beginning in March of 2020 to now, buyers came out in droves due to low interest rates , but sellers were (and most still are) holding off on listing due to the uncertainty of being able to find a new home and the lingering effects of COVID-19.
Mortgagebroker News
MAY 21, 2021
The repercussions of a possible shock will likely extend far beyond the housing sector, the central bank warns
Cornerstone
MAY 21, 2021
Reading Time: 3 minutes. Download the infographic here. Here are the highlights: When it comes to buying or selling a house right now, misconceptions abound. This makes it harder to act with confidence in our present environment. But digging into five mainstream myths about today’s housing market can provide you with more clarity. Along with busting these myths, it’s important to work with a skilled, local loan officer every step of the way, who can help you separate fact from fiction.
Mashvisor
MAY 21, 2021
Searching for an online marketplace where you can find the best investment properties for sale?
Mortgagebroker News
MAY 21, 2021
The pandemic year had a major influence on the MIC's operations
Housing Wire
MAY 21, 2021
April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% from March to 5.85 million, the National Association of Realtors reported on Friday. Despite the decline, housing demand is still strong compared to one year ago, evidenced by existing home sales from this January to April, which are up 20% compared to 2020.
Mortgagebroker News
MAY 21, 2021
The investment is intended to boost the supply of valuable rental units in the city
Housing Wire
MAY 21, 2021
During the early stages of the pandemic, people flocked to Zillow as a way to pass the time in isolation. Makes sense, right? The housing market surged when COVID-19 began, so it’s reasonable to think Zillow-users were looking for their dream home. But not all of them. A majority of 2020 Zillow-surfers weren’t in the market to buy. In fact, according to a report by Omnis , 83% of users admitted to searching for homes with ZERO intent of purchasing. .
Mortgagebroker News
MAY 21, 2021
Multiple factors could feed into increased incidence of misrepresentations come borrowing time
Appraisal Buzz
MAY 21, 2021
Existing-home sales dropped 2.7% in April compared with March but were up 33.9% compared with April 2020, data from the National Association of Realtors (NAR) show. The massive year-over-year increase is due to the economic impact of the pandemic, which peaked in April 2020. However, on a month-over-month basis, April marked three straight months of declines, due mainly to a lack of inventory and rising home prices.
D Fritz Appraisals
MAY 21, 2021
Rate Hike Will Affect a Large Number of Borrowers. The Mortgage Stress Test will be increasing as of June 1, 2021. Under the new requirements set by the Office of the Superintendent of Financial Institutions (OSFI), uninsured mortgages will increase to a qualifying benchmark rate of 5.25%. The Mortgage Stress Test Rollercoaster. If you were refinancing or purchasing last year, you probably noticed that the stress test decreased in 2020, to 4.79%, just 15 basis points above the record low of 4.64
Appraisal Buzz
MAY 21, 2021
Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and cooperative apartments were at a rate of 5.85 million units compared to 6.01 million the prior month. The annual rate has declined from 6.66 million in January, the last time sales were up.
Raleigh Realty
MAY 21, 2021
Living in Smithfield, NC If you are moving to Smithfield, NC, make sure that you know these 6 things before you do Are you thinking about moving to Smithfield, North Carolina? Located in Johnston County and with a population of 13,000 people, Smithfield is known to be one of the fastest-growing areas in the state. Only a 33-minute drive from the capital of Raleigh and Research Triangle Park, and a three-hour drive to Charlotte, Smithfield is a great place to live.
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