Housing Wire
MAY 27, 2021
George Schechter has an entirely new business model. A real estate agent at Compass Florida in Coconut Grove, Schechter has 12 years of experience in the real estate industry, so he’s familiar with its cyclical ups and downs. But today’s housing market has forced him to pivot to remain successful. “This market is like nothing we’ve ever seen,” he said.
Appraisal Buzz
MAY 27, 2021
It seemed safe to say, even before the National Association of Realtors® (NAR) released the pending home sale numbers for April, that some analyst somewhere would be able to say, “I told you so.” Trading Economics had a +0.8 consensus estimate while Econoday’s consensus of 2.0 percent was for growth predictions ranging from 0.8 to 5.0 percent.
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Housing Wire
MAY 27, 2021
Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery. “Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” said Sam Khater, Fred
Appraisal Buzz
MAY 27, 2021
Financial technology provider welcomes former head of Mortgage Banking at JPMorgan Chase to its board of directors. The post FormFree Adds Kevin Watters to Its Board appeared first on theMReport.com. The post FormFree Adds Kevin Watters to Its Board appeared first on Appraisal Buzz.
Housing Wire
MAY 27, 2021
Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? dropping 4.4% from the previous month to an index of 106.2, according to Thursday data from the National Association of Realtors. Against a pandemic landscape from last April, however, pending home sales signings are 51.7% higher year-over-year. “Contract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes,” said Lawrence Yun
Appraisal Buzz
MAY 27, 2021
Mortgage rates continued to seesaw this past week, with the average rate for a 30-year, fixed-rate mortgage dipping just below 3%, Freddie Mac’s Primary Mortgage Market Survey shows. More specifically, the average rate for a 30-year was 2.95%, down from 3% last week and down from 3.15% a year ago. “Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” says Sam.
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Appraisal Buzz
MAY 27, 2021
Affordability remains a major stumbling block for homebuyers with a dwindling supply forcing more to hold off making a home purchase. The post High Price Points Impact April Sales appeared first on theMReport.com. The post High Price Points Impact April Sales appeared first on Appraisal Buzz.
Housing Wire
MAY 27, 2021
After unprecedented winter storms ravaged large parts of Texas in February , Florida native Aaron Davis — always one to volunteer his time for those in need — found himself in the thick of the devastation in Harper, Texas, a decision that led eventually to national coverage of his selfless deeds. “The weight of snow and ice on trees, roofs, and structures — it was incredibly similar to a hurricane, which I’m accustomed to preparing for on a regular basis, being from Florida,” he said.
Appraisal Buzz
MAY 27, 2021
Despite the uptick, pre-foreclosure properties that have been abandoned remain a miniscule percentage of the nation’s housing stock. The post Zombie-Property Numbers Are Rising appeared first on DSNews. The post Zombie-Property Numbers Are Rising appeared first on Appraisal Buzz.
Housing Wire
MAY 27, 2021
SoftPro has named title and escrow veteran Gorkem Kuterdem its new chief technology officer, the company announced Thursday. Kuterdem has more than 15 years of experience specific to the title industry, previously serving as senior vice president for strategy at Adeptive Software and former CTO for WFG National Title Insurance Co. “We are thrilled to have Gorkem join the SoftPro executive team,” said Joyce Weiland, SoftPro president. “He brings a wealth of technical and industr
Appraisal Buzz
MAY 27, 2021
Freddie Mac reports mortgage rates dipping again below the 3% mark, as the trend of inconsistency continues to rock the housing market. The post The Great Mortgage Rate Rollercoaster Ride appeared first on theMReport.com. The post The Great Mortgage Rate Rollercoaster Ride appeared first on Appraisal Buzz.
Eyes on Housing
MAY 27, 2021
Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue on a regular basis in the 1990s, in is survey for the NAHB/Wells Fargo Housing Market Index (HMI). In response to special questions on the May 2021 HMI survey, over 90 percent of builders who buy the product in question reported.
Appraisal Buzz
MAY 27, 2021
Low housing inventory in Q1 is keeping more homebuyers on the sidelines, with would-be buyers shunned by a lack of affordable options. The post Pending Sales Offset by Tight Home Supply appeared first on DSNews. The post Pending Sales Offset by Tight Home Supply appeared first on Appraisal Buzz.
GoForrmz
MAY 27, 2021
Miss out on our GoFormz and Procore use case webinar? Watch a full recording of the webinar and explore the key takeaways below! About the GoFormz & Procore integration The GoFormz and Procore integration empowers construction teams to streamline their field-to-office data captures and workflows. With GoFormz, your construction forms can be digitized for use on phones, tablets, and online from computers – allowing your operation to maintain its original document formatting and rapidly onboar
Empire Appraisal Group
MAY 27, 2021
Homes With Pools Are Selling at a Premium. Source: Homes With Pools Are Selling at a Premium | Realtor Magazine. Homes with pools have become the target of buyer envy since the pandemic began. Pool additions are soaring, and more house hunters say they want one in their backyard, according to HomeLight’s “Top Agent Insights for Spring 2021” report. Prior to the pandemic, many buyers were shunning properties with pools, which present maintenance issues and potential liability.
BiggerPockets
MAY 27, 2021
FHA loans have downsides, but they still present a great opportunity—particularly for new investors. If you lack capital to start your investing journey, consider beginning with an FHA loan.
On Q Financial
MAY 27, 2021
On Q Financial is known for its product suite. Our variety of flexible options make our offerings some of the most robust in the mortgage industry. It’s that reputation that drives us to expand opportunities for homeowners further. We believe in making the dream of homeownership a reality for everyone, and our latest move does just that! Adjustable-rate mortgages are excellent for those seeking to purchase a home at a lower rate and sell or refinance later on.
BiggerPockets
MAY 27, 2021
After a year of lower-than-usual performance due to the COVID-19 pandemic, Airbnb is looking to reignite its foothold in the short-term rental and tourism market by reimagining its platform over the coming months.
Mashvisor
MAY 27, 2021
If you are aspiring to become a rental property investor in 2021, you must be looking for the best real estate software that will meet all your needs.
BiggerPockets
MAY 27, 2021
Looking for an easy retirement? Most real estate activities are anything but passive. There is no end to the potential pains, problems, losses, and liabilities that landlords experience on a regular basis.
REX Real Estate
MAY 27, 2021
Most first-time home buyers start their journey by searching for properties online. But in today's competitive market, here's what savvy buyers do instead.
BiggerPockets
MAY 27, 2021
We love when guests come back on the show, especially when that guest is Kyle Mast. You may have heard him back on episodes 41 & 84, but now he’s […].
Mortgagebroker News
MAY 27, 2021
The feature offers accessibility and affordability to a larger pool of potential tenants and landlords
BiggerPockets
MAY 27, 2021
Ready to invest in multifamily? Get creative—dig up your own deals by driving your market and using the internet. Keep going. The deals are out there.
Cleveland Appraisal Blog
MAY 27, 2021
Who needs an appraiser when one has cash? That’s a question a good friend asked me after telling me that a home on the same street from them sold, in hours, for a much higher price than many other generally similar homes are selling for in the neighborhood. The buyers paid cash. I must admit, in the past year, there have been times when I have felt like many buyers don’t really care about value anymore.
Mortgagebroker News
MAY 27, 2021
Some of Canada’s top mortgage executives gave their view on the OSFI move
REX Real Estate
MAY 27, 2021
Most first-time home buyers start their journey by searching for properties online. But in today's competitive market, here's what savvy buyers do instead.
Mortgagebroker News
MAY 27, 2021
The bank continues to invest in its capabilities and innovations
Clear Capital
MAY 27, 2021
The May 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 3.4 percent. Download the report , or read it below. About the Clear Capital Home Data Index (HDI ) Market Report and Forecast. The Clear Capital HDI Market Report and Forecast provides insights into market trends and other leading indices for the real estate market at the national and local levels.
Mortgagebroker News
MAY 27, 2021
CEO lauds the "highest quarterly net income in our history"
Appraisal Buzz
MAY 27, 2021
The GSE’s new EVP Malloy Evans previously served Fannie Mae’s single-family business as SVP and Chief Credit Officer. The post Fannie Mae Announces New EVP, Head of Single-Family appeared first on DSNews. The post Fannie Mae Announces New EVP, Head of Single-Family appeared first on Appraisal Buzz.
Mortgagebroker News
MAY 27, 2021
Feds to invest millions for construction of housing units for an Indigenous community
Housing Wire
MAY 27, 2021
The Mortgage Bankers Association (MBA) announced two additions to its executive team on Thursday. The company named Alden Knowlton associate vice president of legislative affairs and Rachel Kelley associate vice president of political affairs, the MBA said in a release. Knowlton, who joined MBA in 2016 and previously held the title of associate vice president of political affairs, will begin advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill in her new role.
Mortgagebroker News
MAY 27, 2021
The bank's CEO said the COVID-19 pandemic continues to pose challenges
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