Housing Wire

APRIL 30, 2021

Historically, retirees have always put Scottsdale high on their list of destinations when looking to take advantage of lower home prices, larger lots, agreeable weather and low cost of living. But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

GoForrmz

APRIL 30, 2021

Digitizing your digital forms for use on phones, tablets, and computers allows your team to work faster and more accurately, even while offline in remote areas Digital forms present field service teams with countless opportunities to streamline their field-to-office workflows and accelerate critical daily processes (like job site inspections, customer communication, billing and payroll, and so much more).

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Inspection Clients 78

Housing Wire

APRIL 30, 2021

Glenn Kelman, CEO of Redfin, and Luke Babich, chief operating officer of Clever (left to right). This is the final of a three part series on residential real estate sales commissions. Part one explained the history of sales commissions , and the labor market for real estate agents. Part two dove into legal challenges of the present commission system, and the industry’s defense of commissions at the present level of 5% a home sale.

Real Estate 441

Real Estate Real Estate Agent Agents Legal 441

Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. So if this is […]. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?

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Bracketing Reconsideration of Value Final Inspection Appraisal 78

Housing Wire

APRIL 30, 2021

In today’s booming housing market, sellers have their pick of home offers. According to a study by Realtor.com , the median home listing price is up 15.6% compared to last year. Now, more than ever, sellers have a chance to get more money for their homes. And while this is great for sellers, it leaves buyers asking: “How can I stand out in such a competitive market?

Appraisal 421

Appraisal Sellers Buyers Housing Market 421

McKissock

APRIL 30, 2021

As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value.

Market Value 88

Market Value Real Estate Appraisal Sellers 88

BiggerPockets

APRIL 30, 2021

If you're laid off, there are a few things you must tackle immediately—before the shock wears off. Why? So you can build your personal financial recovery plan and avoid debt.

Finance 69

Finance 69

Housing Wire

APRIL 30, 2021

The great refi boom in 2020 wasn’t exactly equitable. Wealthier borrowers with stable jobs and high credit scores were fortunate enough to lock in a forever rate , typically lowering their monthly mortgage payments by hundreds of dollars. But the lower-income borrowers? They were more likely to be mired in some form of forbearance plan than be given the opportunity to modify their mortgage with a rate below 3%.

Finance 397

Finance Government Mortgage 397

Dart Appraisal

APRIL 30, 2021

THE NECESSITY OF A COMMERCIAL ENGAGEMENT LETTER. A commercial engagement letter is a written agreement to perform services in exchange for compensation. Engagement letters are traditionally used by certain professional service firms, particularly in finance, accounting, law, real estate appraisal, and consulting, to define the specifics of the business relationship, or in the case of an appraisal – the assignment expectations.

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

Housing Wire

APRIL 30, 2021

Top retail mortgage lender loanDepot has formed yet another strategic joint-venture with a fast-growing homebuilder. California-based loanDepot has formed a JV partnership with LGI Homes , called LGI Mortgage Solutions , the companies announced on Thursday. “Having been a preferred lender with LGI Homes since 2015, we have been extremely impressed by each other’s ability to scale while still delivering industry-leading customer service,” said Dan Peña, executive vice president

Retail 384

Retail Mortgage Lending Marketing 384

BiggerPockets

APRIL 30, 2021

This week’s question comes from Jennsey on the Real Estate Rookie Facebook Group. Jennsey is asking: what’s the next step after your first property, as far as financing and steps […].

Real Estate 69

Real Estate Finance 69

Housing Wire

APRIL 30, 2021

Community lenders have big opportunities in today’s purchase market. As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. Including credit unions, community banks, and small-to-midsize independent mortgage bankers, the community lending segment has grown rapidly in market share over the past 10 years, mostly at the expense of large

Marketing 352

Marketing Technology Lending Business 352

Cornerstone

APRIL 30, 2021

Reading Time: 3 minutes. Download the infographic here. Spring home sales should be speedier. Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. But with rates still around record lows, homebuyer demand is even greater. It’s an ideal time for sellers to take advantage. NAR’s recent Existing Home Sales report showed that pre-spring home sales were up 23.7 percent from the year before.

Sellers 66

Sellers Buyers Inventory Loan Officers 66

Housing Wire

APRIL 30, 2021

An ecosystem is a complex network of organisms that live and interact in a mutual environment. For that ecosystem to maintain and survive each organism must work together in a symbiotic manner. The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. In order for brokers and lenders to work together in symbiosis as organisms of this ecosystem, the technology must also allow for it.

Mortgage 306

Mortgage Technology Investors Lending 306

Quicken Loans

APRIL 30, 2021

The Federal Reserve kept short-term rates where they are when its decision was released at the end of yesterday’s April Federal Open Market Committee meeting. Committee members will also continue the current level of spending on mortgage-backed securities (MBS). Both moves mean good things for mortgage rates. Read on for an analysis. If that’s TLDR, the bottom line is that it’s a great rate environment whether you’re looking to purchase a home or refinance.

Development 65

Development Business Mortgage Buyers 65

Housing Wire

APRIL 30, 2021

After a record year of mortgage originations, the GSEs released their Q1 earnings for the year on Thursday and Friday, revealing that Fannie Mae and Freddie Mac are still riding the tail end of the market’s highs. With both enterprises posting strong quarterly and year-over-year results, earnings calls reminisced of a quarter that had yet to be hit by pandemic-driven woes.

Mortgage 421

Mortgage Housing Market Marketing Finance 421

Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. Although housing starts are rising, lumber prices have skyrocketed in the past 12 months, causing the average price of a new single-family home to increase by $35,872, according to the National Association of Home Builders.

Buyers 450

Buyers Construction Inventory Housing Market 450