Thu.Apr 15, 2021

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These were March’s hottest housing markets

Housing Wire

In modern history, the housing market has never seen a month like March. Record demand and the lowest levels of inventory on record pushed sales prices to record highs in March and made life very complicated for buyers, real estate agents, builders and lenders across the United States. The national median home-sale price hit a record high of $353,000 in March — up 17% from 2020 — according to a new report from Redfin.

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The Complete Guide to Virtual House Hunting During COVID-19

Cleveland Appraisal Blog

Hello everyone! I am honored to welcome back Author Jessica Brody , with a new and timely article that I think you will find helpful if you’re looking to buy a home. Enjoy! The Complete Guide to Virtual House Hunting During COVID-19. Whether you were already diving into the home buying process when COVID-19 hit the headlines, or you were just thinking about getting started, home buyers everywhere are wondering if they can go forward with their moving plans.

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Mortgage rates move down to 3.04%

Housing Wire

The average U.S. mortgage rate fell for the second consecutive week, down nine basis points to 3.04%, according to Freddie Mac’s Primary Mortgage Market Survey. Despite rates mirroring mid-march levels, Sam Khater, Freddie Mac’s chief economist, doesn’t expect them to hold. “The economy is improving on the demand side and on the supply side, a variety of goods and materials remain scarce,” said Khater. “As a result of this imbalance, pricing pressures are building and cau

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Why Are Appraisers Banned?

Appraiserblogs

I just got out of an interesting conversation I had with my CPA. Eventually, our conversation veered onto the topic of work. I was curious about what it takes to get into his field (not that I’m interested in getting into it at all). We talked about our respective professions and about changes occurring in the real estate appraisal field. We got into talking about what it means to be a CPA, which is different than being an accountant.

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Kingston is latest hot housing market for those leaving NYC

Housing Wire

The Hudson Valley of New York has gone from a dream retirement location to a housing hot spot for those leaving New York City. In Kingston, a city on the Hudson River two hours north of Manhattan, homes are being snatched up by New York City residents pining for more space. But it’s not just retirees or middle-aged adults — first-time homebuyers, millennials and other young professionals are moving to the Hudson Valley in droves, accelerating existing trends. “We’re getting a l

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Why Are Appraisers So Happy With Their Jobs?

DataMaster

Who’s happy at their job? Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. With an impressive job satisfaction rating of 79.4 percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. It’s a sad truth, but only a pitiful 54 percent of American workers report that they are satisfied with their jobs!

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Why Are Appraisers So Happy With Their Jobs?

DataMaster

Who’s happy at their job? Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. With an impressive job satisfaction rating of 79.4 percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. It’s a sad truth, but only a pitiful 54 percent of American workers report that they are satisfied with their jobs!

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Warren Buffett’s boring, dominant resi brokerage

Housing Wire

Gino Blefari, Berkshire Hathaway HomeServices of America CEO and chairman. Gino Blefari is a pretty colorful character. The Berkshire Hathaway HomeServices of America CEO and chairman of Berkshire’s franchise network, HSF Affiliates , calls money “dough,” and is fond of tangents – like describing the initial reporting on the JFK assassination, and the best routes to the John Wayne Airport in Irvine, California.

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Why Are Appraisers So Happy With Their Jobs?

DataMaster

Who’s happy at their job? Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. With an impressive job satisfaction rating of 79.4 percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. It’s a sad truth, but only a pitiful 54 percent of American workers report that they are satisfied with their jobs!

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The Untethered Worker Is the New Sunbird

Empire Appraisal Group

The Untethered Worker Is the New Sunbird. Source: The Untethered Worker Is the New Sunbird | Florida Realtors. By Jennifer Quinn. Florida Realtors economist : Turning seasons into verbs – “We wintered in Florida” – was once a trait of wealthy retirees. But a newly untethered workforce working at home because of the pandemic is now also considering weather-based migration, albeit a little differently.

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BiggerPockets Money Podcast 188: Finance Friday: Is A Master’s Degree Worth The Pay Raise?

BiggerPockets

Being strapped with student debt isn’t easy. It creates a whole new obstacle to hitting financial freedom, but it can be mitigated. So does it make sense to invest on […].

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What is the Fastest Way to Get a Real Estate License in California?

CA Realty Training

By Elias Magers | 04.15.21. You’re excited and ready to start your new career – you don’t have time to wait to become a real estate agent. Go getters like you want to get their real estate license as fast as physically possible. Oftentimes, it’s better to take your time through your real estate schooling. But, if you have a familiar grasp on real estate and you’re ready to kickstart your new career, then buckle up.

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Create a Deal Funnel to Succeed in Multifamily Real Estate

BiggerPockets

The multifamily market is highly competitive and time is a precious non-renewable resource. Set aside a few hours to set up your deal funnel.

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Builder confidence jumps, despite crazy lumber prices

Housing Wire

Builder confidence rose one point to 83 for newly built single-family homes in April, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. Builder confidence has not risen above 84 so far in 2021, after reaching 90 in November and falling to 86 in December. The index gauging current sales conditions also increased one point, to 88, and the gauge charting traffic of prospective buyers posted a three-point gain to 75.

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Clear Capital announces property data collection app to support appraisal modernization programs

Clear Capital

ClearInsight includes a revolutionary floor plan automation tool to spur industry transformation. RENO, Nev. — April 15, 2021 — Clear Capital, a real estate valuation and analytics fintech leader, today announced its latest product, ClearInsight , an easy-to-use mobile app that enables real estate professionals, homeowners, and appraisers alike to quickly generate a complete digital picture of a home.

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Here it is: Biden’s first-time homebuyer tax credit legislation

Housing Wire

Consumers have been closely following President Joe Biden’s proposed first-time homebuyer tax credit , but the newest form of that proposal has several significant restrictions. The latest draft of a down-payment assistance bill would provide $25,000 to first-time homebuyers, but only those who are also first-generation homebuyers and economically disadvantaged.