Housing Wire
APRIL 7, 2021
In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by circumstance. And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021.
George Dell
APRIL 7, 2021
Basic sequence of valuation is basic: identify problem, gather the “comparable” data, adjust, and report. Simple. Basic. The Market for Valuation Series, Part 1 How about AVMs? (Automated Valuation Models). The words are a bit different, but the process is the same: Enter the address, apply the data collect algorithm, apply the predictive algorithms, spit out […].
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Housing Wire
APRIL 7, 2021
Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days.
GoForrmz
APRIL 7, 2021
Eliminate opportunities for human error, misspellings, and forgotten data, with automatically populated form fields Paper forms and basic PDF fillers leave far too much room for error. When relying on paper forms and manual data capture tools, illegible handwriting, spelling errors, and miscalculations result in problematic, often costly data entry errors.
Housing Wire
APRIL 7, 2021
The Consumer Financial Protection Bureau recently released to Congress the 2020 Consumer Response report. While overall complaints were up 54% year-over-year, complaints against mortgage companies were up just 7.5%, and complaints against mortgage servicers were actually down, by 3.5%. These results are notable considering the sheer speed and impact the pandemic had on the mortgage finance industry.
Appraiserblogs
APRIL 7, 2021
An appraiser shared the following with us. Amrock is requiring all appraisers on their panel to complete a diversity, equity and inclusion training by April 19, 2021. Amrock Diversity, Equity and Inclusion Training Requirement: You’re Cordially Required to Take Part in This Training Hello, As an organization, we firmly believe in the importance of diversity, equity and inclusion (DE&I) for everyone – and we’ve taken a stance through the implementation of our DE&I Strategic Plan.
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Realtor
APRIL 7, 2021
If you’re buying a home, the listing likely includes the square footage, a key selling point. But if you make an offer that’s accepted and you’ve moved onto the home appraisal step in the process, you might be shocked to find out that the appraiser ‘s square footage is different from what’s on the listing. What gives? Square footage , you may recall, is calculated when you measure how much floor space there is in a home.
Housing Wire
APRIL 7, 2021
In the most competitive housing markets in the country, virtually every buyer has immaculate credit, a few hundred thousand dollars – or more – for a downpayment and knows what their mortgage options are. Not that many of the buyers even need one. Online lending marketplace LendingTree ranked the 50 most competitive metro areas in the U.S. based on specific financial criteria of homebuyers , and unearthed some interesting data.
Realtor
APRIL 7, 2021
If you’re buying a home, the listing likely includes the square footage, a key selling point. But if you make an offer that’s accepted and you’ve moved onto the home appraisal step in the process, you might be shocked to find out that the appraiser ‘s square footage is different from what’s on the listing. What gives? Square footage , you may recall, is calculated when you measure how much floor space there is in a home.
Housing Wire
APRIL 7, 2021
Notarize announced Wednesday that it will now allow independent notaries – of which there are 4.4 million in the U.S. – to utilize its software and platform for their own independent transactions. The software will be available to notaries in Washington and Tennessee in May and Notarize officials said the other 29 RON-approved states will have access by the end of the summer.
Advanced Appraisal
APRIL 7, 2021
Chicago and South Suburban Appraisal Blog
Housing Wire
APRIL 7, 2021
Mortgage applications decreased for the fifth straight week – this time down 5.1%, according to the latest report from the Mortgage Bankers Association. As has been the case for several weeks now, rising mortgage rates and low inventory are contributing to the slowdown in mortgage applications, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. “The rapidly recovering economy and improving job market is generating sizeable home-buying demand, but acti
Valuation Review
APRIL 7, 2021
The Kansas Real Estate Appraisal Board has announced the launch of its newly redesigned website. The new site has a completely updated look and feel as well as enhanced capabilities, according to a release. Read on for more details.
Housing Wire
APRIL 7, 2021
First introduced in 2010, HousingWire’s Women of Influence award recognizes outstanding women in housing who are moving markets and paving the way for other women around them to do the same. Last year’s winners were truly outstanding and exemplified what it means to be a leader in both their organizations and their communities. Here are just a few their accomplishments: Since Pam Faulkner joined SimpleNexus in February 2019, the company posted quadruple-digit growth and has grown its
Valuation Review
APRIL 7, 2021
Valbridge Property Advisors-Kansas City, one of the largest full-service real estate valuation and consulting firms in in the city, has the firm’s next generation leadership team in place. Read on for more information.
BiggerPockets
APRIL 7, 2021
Good, stable tenants mean good, stable returns. Frequent turnovers, evictions, and constant repairs all push your returns in one direction: down. These key traits often indicate a top-notch tenant.
Valuation Review
APRIL 7, 2021
BBG said that it has expanded the role of Paul Ping to include national oversight of the company’s quality control and quality assurance initiatives. A highly regarded industry leader, Ping also is a senior managing director responsible for directing the growth of BBG Evaluation, a USPAP-compliant small loan valuation service for banks and other financial institutions.
BiggerPockets
APRIL 7, 2021
The tax benefits of investing in Qualified Opportunity Zones are substantial. Real estate investors looking to take advantage of these perks must first set up a Qualified Opportunity Fund. Here's how to do it.
Valuation Review
APRIL 7, 2021
Voxtur Analytics Corp. has executed a share purchase agreement for the acquisition of 100 percent of the issued and outstanding common shares of Appraisers Now (Anow) Ltd. Anow is an automated appraisal workflow management system for the global appraisal market, with significant market share in the U.S. and Canada. Read on for more about this acquisition and hear from company executives.
BiggerPockets
APRIL 7, 2021
Every real estate investor knows that things don’t always go as well as we’d like. What happens when you’re hit with a $16,000 bill to fix a sewer, or when […].
Valuation Review
APRIL 7, 2021
Valuation Review recently spoke with CEO and veteran appraiser William Fall, who heads the William Fall Group. Fall outlined some of his ideas on current hot topics within the industry dealing with PAREA, education, training and the appraiser’s role when it comes to bias. Read on for more from Fall.
Quicken Loans
APRIL 7, 2021
Spring is here, and with it comes home buying season. If you’re in real estate, it’s about to get really interesting. There are also some unique challenges you and your buyers might be confronting in the market now. Let’s get to what you need to know. The Big Story. The housing market has been red-hot for quite a while now. Sales for both new and existing homes have been on an absolute tear.
Valuation Review
APRIL 7, 2021
LRES Corp. welcomed Marc Helm to its board of directors. Read on for more information.
Housing Wire
APRIL 7, 2021
The Consumer Financial Protection Bureau released a proposed rule on Monday that would bar servicers from starting on foreclosures until 2022. The CFPB also proposed streamlined processes for moving homeowners out of forbearance and in to loss mitigation options. However, since the announcement, several industry leaders have expressed reservations about the blanket policy. “My concern is that the bureau is overstepping its bounds and violating in essence agreements that have already been p
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