Tue.Apr 13, 2021

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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. The Lone Star State’s friendly tax policies combined with the city’s huge tech scene and its cool factor have made it a destination for Silicon Valley types for several years. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw.

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Appraisers: Fraud is Not Okay

The Appraiser Coach

Some people might say a public forum isn’t the place to air this dirty laundry, but this is not really a public forum. Of my thousands of readers, very few. Read More.

Appraisal 370
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NAR schedules proxy war with Zillow

Housing Wire

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. The development is intriguing for a few reasons. For one, SentriLock, which is a 19-year-old company located a few miles north of Cincinnati, said the product is an attempt to compete against ShowingTime , which is the industry leader in the home-showing appointm

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The housing market feels like chaos

Sacramento Appraisal Blog

It feels like chaos out there. The housing market is on steroids and it’s mind-blowing to see such rapid growth lately. Today I want to unpack ten things I’m watching in today’s market. For my out-of-area readers, I’m guessing you are probably seeing the same trends. But please let me know. What is similar or […].

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Redfin: Selling your home? List it midweek

Housing Wire

A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through February 2021. And they sell faster, too. Putting a home on the market on a Friday or Saturday is risky, since potential buyers may have already filled their weekend with other home tours, said Redfin Chief Economist Daryl Fairweather.

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ProTip: Clear Signature Fields When a Digital Form is Edited

GoForrmz

Elevate your approval workflows with Signature fields configured to ‘clear’ as soon as a form field is edited Configuring your electronic Signature fields to clear as soon as another field has been edited can help to eliminate miscommunication, avoid oversight, and minimize disputes regarding approvals and authorizations. For example, imagine you are a job site superintendent responsible for signing off on a form detailing the steps of a critical safety review.

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Template Versioning: Publish Updates to Your Form Templates While Maintaining Historical Data

GoForrmz

Publish updates to your form Templates while protecting data collected within previous versions, with Template Versioning Template Versioning allows users to Publish updates to their form Templates. Each time a Template is Published , a new version becomes available for future forms to be created from. These published changes do not impact forms created from the original version of the Template.

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Nonbank lenders profited $4,200 per loan in 2020

Housing Wire

Across the mortgage industry, revenues swelled to record highs in 2020. Nonbank lenders and mortgage subsidiaries of chartered banks reaped the rewards – they nearly tripled their profit per loan last year. According to recent data from the Mortgage Bankers Association , IMBs and mortgage subsidiaries averaged around $4,202 profit on each loan in 2020, compared to $1,470 per loan in 2019.

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Teenagers: It’s Never Too Early to Start Investing

BiggerPockets

Real estate investing is one of the most lucrative long-term investment strategies a person can employ. And as with any investment, the sooner you start, the better. If you're a teenager who has decided you want to give it a go someday, you can give yourself a massive head start. Here's how.

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Title insurers wrote nearly $20 billion in premiums in 2020

Housing Wire

Title insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to – you guessed it! – low inventory. ALTA officials “do not expect the same level of refinance activity” this year, even though the residential purchase market appears to be holding steady as the calendar approaches May, according to Diane Tomb, ALTA chief executive. “The true test of whether 2020 volume represents a unique even

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What Does a Commercial Real Estate Appraiser Do?

Real Quantum

What Does a Commercial Real Estate Appraiser Do? W hen people think of appraisers they usually think of residential appraising. Most people’s only experience with an appraiser is when they buy a home. The role of commercial real estate appraiser may not be as well-known, but they have many similarities. What does a commercial real estate appraiser do?

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Gridiron Capital acquires Class Valuation

Housing Wire

Private equity firm Gridiron Capital has acquired Michigan-based appraisal management company Class Valuation from another private equity player, Narrow Gauge Capital , the firms said in a statement on Friday. Terms of the deal were not disclosed, though Narrow Gauge will retain a minority share in Class Valuation, which claims to be one of the top five appraisal management companies in the country.

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The Landlord Chronicles: Honoring a Tenant Tragedy

BiggerPockets

Balancing all of the human beings involved in rental property can feel like balancing in a high-wire act. Empathy can be a very powerful tool in working with people.

Tenants 69
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12 Spring Cleaning Tips and Tricks for 2021

REX Real Estate

12 Spring Cleaning Tips and Tricks for 2021 Doesn’t everyone love the feel of…

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Rookie Podcast 69: Putting Rentals on Autopilot While Living in the Dominican Republic with Becky Nova

BiggerPockets

Becky Nova didn’t have a linear path to real estate like many others. She’s had times in her life when she was poor and times in her life when she […].

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Breathtaking Transformation of Seattle’s Denny Way

Will Springer Realtor

Visit Denny Way in the Seattle area between Boren Avenue and Yale Avenue in 2021 and you may think you’re in a city like Vancouver to the north. The northern edge of Denny Triangle is rapidly changing. Gone are retail shops, industrial-zoned sections and parking lots. In their place is a series of residential apartment towers reinvigorating a busy commuter corridor.

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Here are the top 15 mortgage lenders of 2020

Housing Wire

A perfect storm of record low interest rates and shifting consumer behavior spurred by the COVID-19 pandemic resulted in an absolutely incredible year for mortgage lenders in 2020, especially the independent mortgage banks. Virtually every IMB saw origination volumes soar in 2020, with many eclipsing $40 billion in originations, according to the Consumer Financial Protection Bureau ‘s Home Mortgage Disclosure Act data.

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The Effect of COVID-19 on Appraisal Volume

Working RE

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: This article is reprinted from Freddie Mac’s Single-Family division. The Effect of COVID-19 on Appraisal by Danny Wiley, Senior Director of Valuation for Single-Family […].

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Why millions of prospective borrowers are stuck in ‘no man’s land’

Housing Wire

The White House’s March jobs report showed encouraging job growth one year after the first pandemic-related unemployment claims. Still, the Biden administration says the economy remains down nearly 8.5 million jobs year over year. It’s expected to take at least through the end of 2021 — and maybe a lot longer — to get back to pre-pandemic levels.

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What Are the Top Luxury Markets in North America Right Now?

McKissock

Amid the COVID-19 pandemic, luxury homebuyers’ priorities have shifted from seeking out new experiences and adventures toward finding homes in markets that offer safety, more space, and well-being. Whether you’re looking to specialize in luxury appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to areas where luxury homes are in high demand.

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Why You Should Start Your Investing Journey With Single-Family Rentals

BiggerPockets

There’s no such thing as a guaranteed home run in real estate—but investing in single-family rental houses comes pretty close. By choosing the right home in the right market, investors can minimize risk and maximize potential rewards.