Fri.Jul 09, 2021

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Home prices accelerating in areas without mass transit

Housing Wire

As more of the country moves to permanent work-from-home arrangements, home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas, according to a recent study by Redfin. The median home-sale price in car-dependent areas, nationwide, has increased 32.8% to a record $418,100 since January 2020, while it has risen 15.6% to a record $540,500 in transit-accessible neighborhoods.

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Homebuyers Crave Affordable, Transparent, Time-Saving Transactions

Appraisal Buzz

Of the many issues the COVID-19 pandemic brought to light, the usefulness of technology in the homebuying process is one of significance for mortgage professionals. While industry leaders knew it before, a global crisis forced many to accelerate the adaptation of online real estate transactions. A prop tech company, Spruce, conducted a study to examine … The post Homebuyers Crave Affordable, Transparent, Time-Saving Transactions appeared first on theMReport.com.

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Homes are selling well over listing prices as buyers compete against each other

Housing Wire

In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs , buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing price. Are you in the market for a home? Be prepared to spend money. Listing prices? Never heard of them! A buyer in Austin, Texas paid $1 million over a home’s listing price.

Buyers 442
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The Week Ahead: Fed Chair Examines the Path of the Economy

Appraisal Buzz

Fed Chair Jerome Powell will testify this week at a hearing charting the course of the U.S. economy and how it will influence mortgage rates moving into Q3 and beyond. The post The Week Ahead: Fed Chair Examines the Path of the Economy appeared first on theMReport.com. The post The Week Ahead: Fed Chair Examines the Path of the Economy appeared first on Appraisal Buzz.

Appraisal 370
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Real Estate Tech Demo Day: Qualia

Housing Wire

Qualia. Deliver an end-to-end consumer homebuying experience with Qualia Scale. Scale is a simple way for real estate tech companies to build custom, on-brand, and modern closing experiences using Qualia’s flexible infrastructure. #1. 75% of buyers and sellers. expect real-time property updates from their real estate agent. #2. 82% of buyers. want to manage their closings using an online solution. #3. 36% of home buyers. are 37 years or younger, making millennials the largest share of buyers.

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Dictates For Debt Collection

Appraisal Buzz

A recent Eleventh Circuit decision created uncertainty about common business practices used by many debt collectors, including loan servicers. The post Dictates For Debt Collection appeared first on DSNews. The post Dictates For Debt Collection appeared first on Appraisal Buzz.

Business 366

More Trending

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The Week Ahead: FHFA Provides Guidance on Underserved Markets

Appraisal Buzz

As part of the Duty to Serve program, the GSEs will present three virtual Listening Sessions focusing on rural housing, affordable housing preservation, and manufactured housing. The post The Week Ahead: FHFA Provides Guidance on Underserved Markets appeared first on DSNews. The post The Week Ahead: FHFA Provides Guidance on Underserved Markets appeared first on Appraisal Buzz.

Marketing 195
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Preparing for millions of minority homebuyers

Housing Wire

Since day one of my mortgage career, my main role was to help Hispanic borrowers with responsible lending. For the past 21 years, I have been deeply entrenched in truly understanding the unique needs and cultural nuances of homebuyers with diverse backgrounds. Being an active originator helps me keep a pulse on the market and the current issues borrowers face every day on their journey to homeownership.

Lending 393
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Decrease in U.S. Treasury Yields Causes Mortgage Rates to Drop

Appraisal Buzz

Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending July 8 reveals that the 30-year fixed-rate mortgage (FRM) averaged 2.9 percent with an average 0.6 point, which is down from 2.98 percent last week. A year ago at this time, the 30-year FRM averaged 3.03 percent. “Mortgage rates decreased this week following the dip in U.S. Treasury yields,” explains Sam Khater, Freddie Mac’s chief economist.

Mortgage 195
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Demo Day: Propertybase

Housing Wire

Propertybase. Propertybase is the leading global provider of real estate and mortgage software. In an ever-more competitive market, it’s important for brokerages to utilize streamlined, collaborative technology. But we’re more than just software. With SEO and digital marketing services to print marketing and fully scoped projects, we play an integral role in helping brokerages create new opportunities and share their stories that in turn grow revenue. #1.

Brokerage 382
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Ginnie Mae MBS Issuance Continues Strong Trajectory

Appraisal Buzz

Ginnie Mae mortgage-backed securities (MBS) issuance volume was $72.45 billion in June, the twelfth consecutive month volume has exceeded $70 billion. Approximately 272,280 homes and apartment units were financed by Ginnie Mae guaranteed MBS during the month. “Robust issuance and consistent investor demand demonstrate the utility of the Ginnie Mae MBS program and its role in supporting affordable homeownership and rental housing,” says Ginnie Mae Acting Executive Vice President Michael Drayne.

Investors 195
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Real Estate Tech Demo Day: Home Lending Pal

Housing Wire

Home Lending Pal. HLP is a delivery engine for ready to underwrite applicants with validated financial and credit information. #1. Only non-loan originating company to show FICO scores directly to consumer. #2. Create a safe space for consumers to determine if homeownership is feasible, by marrying consumer data with lender opportunities in a double blind environment. #3.

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New Listings Suggest Shift in Housing Market

Appraisal Buzz

Analyzing market data from July, an economist says “buyers who threw in the towel may want to look again, because the market is tilting in their favor.” The post New Listings Suggest Shift in Housing Market appeared first on theMReport.com. The post New Listings Suggest Shift in Housing Market appeared first on Appraisal Buzz.

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Real Estate Tech Demo Day: BoomTown

Housing Wire

BoomTown. BoomTown has all the tools, technology, and teams you need for real estate success. It’s the only solution that generates and manages your leads, with 300+ experts at your back. Our lead generation, consumer websites, CRM, lead qualification services, and more, come in flexible packages that scale with your success. #1. Founded in 2008. #2.

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Fannie Mae’s Chief Economist Talks Housing

Appraisal Buzz

DS News recently sat down with Doug Duncan to break down the factors in play shaping the current state of the housing marketplace. The post Fannie Mae’s Chief Economist Talks Housing appeared first on DSNews. The post Fannie Mae’s Chief Economist Talks Housing appeared first on Appraisal Buzz.

Appraisal 195
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Call to Comment; AMC Disciplinary Action

Appraiserblogs

1. A Call to Comment has been issued. 2. VA is looking for Appraisers. 3. AMC Disciplinary Action Snowballs into Multiple States… A Call to Comment has been issued. The FTC is asking for public comments on the consent decree by the Louisiana Real Estate Appraisal Board. The time line to comment is short and ends on July 22, 2021. VaCAP asks each of you to take a few minutes and read the consent decree as well as the analysis provided by the FTC before commenting.

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What’s Going to Happen to Housing?

Appraisal Buzz

In an exclusive chat with MReport, Fannie Mae Chief Economist Doug Duncan dissects the elements creating the supply/demand imbalance in housing, and what solutions may lie ahead to remedy the situation. The post What’s Going to Happen to Housing? appeared first on theMReport.com. The post What’s Going to Happen to Housing? appeared first on Appraisal Buzz.

Appraisal 195
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Flexible Working Hours, Good Income, Challenging Work: Real Estate Appraisal Offers What Post-Pandemic Workers Want

McKissock

Despite the economic downturn and uncertainty caused by the COVID-19 pandemic, millions of U.S. workers are choosing to quit their jobs—with a record 4 million people quitting in April alone, according to Labor Department statistics. “As pandemic life recedes in the U.S., people are leaving their jobs in search of more money, more flexibility and more happiness,” reports NPR.

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Protected: Class Valuation is Hiring Staff Appraisers

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: Class Valuation is Hiring Staff Appraisers appeared first on Appraisal Buzz.

Valuation 195
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Racing for Real Estate? This Indianapolis Agent Has the Investment Fast Track

BiggerPockets

Matt Speer is personally invested in two things: real estate and sports. And for this Indianapolis-based broker, those two passions are definitely interconnected. After all, the real estate game in […].

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Flexible Working Hours, Good Income, Challenging Work: Real Estate Appraisal Offers What Post-Pandemic Workers Want

Appraisal Buzz

Despite the economic downturn and uncertainty caused by the COVID-19 pandemic, millions of U.S. workers are choosing to quit their jobs—with a record 4 million people quitting in April alone, according to Labor Department statistics. “As pandemic life recedes in the U.S., people are leaving their jobs in search of more money, more flexibility and more happiness,” reports NPR.

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Rookie Podcast 94: Rookie Reply: Should I Invest in Real Estate or Pay Off Student Loans?

BiggerPockets

This week’s question comes from Ben, who actually direct messaged Ashley and asked her a pretty personal question. Ben is asking: As someone with student debt, should I start investing […].

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Expert Insights: Paul Gigliotti, President, AXIS Lending Academy

Appraisal Buzz

As organizations scrambled to meet the demands presented by the marketplace over the past year, AXIS Lending Academy opened its doors to provide training for those interested in a career in the mortgage profession. . The post Expert Insights: Paul Gigliotti, President, AXIS Lending Academy appeared first on theMReport.com. The post Expert Insights: Paul Gigliotti, President, AXIS Lending Academy appeared first on Appraisal Buzz.

Lending 195
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Is Real Estate a Good Investment in 2021? 5 Reasons Why the Answer Is “Yes!”

Mashvisor

The impact of the coronavirus pandemic on the global economy has shown us the importance of having an investment that guarantees a good return.

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Pandemic-Era Milestone: Loans in Forbearance Under 2 Million

Appraisal Buzz

In the last several weekly forbearance reports from Black Knight, which has been tracking COVID-related forbearance activity since the pandemic onset, researchers foresaw “larger improvement” this week as 218,000 plans faced quarterly reviews at the end of June. (They also said that what happens in early July “will largely dictate the outlook for later this year.”) … The post Pandemic-Era Milestone: Loans in Forbearance Under 2 Million appeared first on DSNews.

Appraisal 195
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How to Get Listings as a New Real Estate Agent in 2021

Mashvisor

In this year’s competitive seller’s market, it can seem impossible for a new agent to know how to get listings.

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New Listings Return to 2019 Levels

Appraisal Buzz

The sizzling seller’s market shows some signs of cooling, but, according to analysts, “only by a few degrees.” The post New Listings Return to 2019 Levels appeared first on DSNews. The post New Listings Return to 2019 Levels appeared first on Appraisal Buzz.

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Commercial lending special

Mortgagebroker News

Top names gather to discuss the key trends in the space and what happens next

Lending 72
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What else is happening in and around your Seattle?

Will Springer Realtor

Wine Tasting Looking for something to do with your spouse/partner or a few friends, then why not take a wine-tasting tour? To enjoy the wine, leave the car behind. Local bus tours take people on a 6- or 8-hour food and drink journey through Woodinville and the city’s many tasting rooms. Sip, nibble, enjoy! Social distancing may remain in effect – but not socializing!

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Real estate is a people business, but automation can help

Housing Wire

The news is filled with talk of real estate. Bubbles have that effect. We know through the work of people like Robert Shiller and others that “narratives” are indeed economic forces and that compelling narratives can move markets. In the U.S. real estate market, matters are of course more complex than mere narratives, but we do all know that constant hype adds to the buoyancy of markets, which then creates more hype.

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What Areas Grew the Most? Single-Family Home Building in 2020

Eyes on Housing

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2020. Nationally, 993,635 new single-family units were started in 2020, 12% higher than the units started in 2019. It marked the fastest growth rate since 2013 and the highest count of starts since the Great Recession. Among all the nine Census.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Wouldn’t it be great if we lived in a place where most major conveniences were within 15 minutes? The pandemic has caused many of us to rethink where we live – some now seeking more space for zooming, streaming and enjoying the outdoors. Others are in pursuit of a tight-knit community that has a market, pharmacy, restaurants, coffee shop – and an amusement ride like our Great Wheel (just kidding!

Buyers 36
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Biden renews push for housing in infrastructure plan

Housing Wire

Housing has returned to center stage in the Biden administration’s push for an additional infrastructure plan. President Joe Biden said this week that he planned to make an “historic investment” in affordable housing, by building and rehabilitating more than two million homes. “We need to deal with the shortage of affordable housing in America,” said Biden.