Thu.Apr 22, 2021

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What’s next for the overheated housing market?

Housing Wire

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 million. Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.

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Appraising Madoff

Appraiserblogs

It was a bit surprising how little attention was paid to the announcement of Madoff’s death in prison. Good. His returns were amazingly linear and there were a number of people that kept calling out the ponzi but he was close with regulators. Because my firm is located in NYC, we’ve ended up doing appraisals in matters related to the post-Madoff tragedy/cleanup.

Appraisal 143
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Mortgage rates drop below 3% for the first time in months

Housing Wire

For the first time in nearly two months, mortgage rates dropped below 3% last week, down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. “The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low-rate environment,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage 501
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How to Challenge a Low Appraisal—And Win a High Valuation

BiggerPockets

Your ability to qualify for a mortgage hinges on your home appraisal—so how can you maximize your home's value? Here, learn how to challenge a low appraisal and get the highest valuation possible.

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North Carolina’s low home prices luring buyers

Housing Wire

Robbin Sutton with DASH Realty Carolina has been a broker for 20 years, and she’s never seen anything like the current housing market in the Raleigh-Durham metro. “I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. “It’s just insane.

Buyers 427
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Housing Demand Likely to Stay High for Years to Come

Empire Appraisal Group

Housing Demand Likely to Stay High for Years to Come. Source: Housing Demand Likely to Stay High for Years to Come | Florida Realtors. While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. MECKLENBURG, Tenn. – Low rates of household formation since the Great Recession have caused 5.7 million “missing” households, a new Zillow analysis finds.

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The Best Investing Strategies to Prepare for Economic Recovery

BiggerPockets

For real estate investors, the unexpected is inevitable. How we deal with the unforeseen is the true test of our mettle. By perfecting your strategy, market, and portfolio, it will be easier to tackle anything that comes your way.

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Fannie Mae celebrates Single-Family Green MBS milestone

Housing Wire

A year after issuing its first Single-Family Green Mortgage Backed Security on Earth Day 2020, Fannie Mae has now completed 25 transactions for the program, totaling $167 million in bonds backed by mortgages on newly constructed, energy-efficient homes. Most of the issuances have included 30-year fixed-rate mortgages, but recent offerings have pooled 15-year fixed-rate mortgages.

Finance 340
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ClearCast Podcast Episode 14 — NAMMBA CEO & Founder Tony Thompson

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. Jeff and Kenon kick off with the News Story of the Pod, and cover strong home price appreciation, whether or not we’re in the midst of another housing price bubble, and if a correction will occur. Jeff delivers a “cornucopia of train wrecks” (Kenon’s words) for the Real Estate Joke of the Pod.

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Best Practices for Developing Impactful Thought Leadership via Webinars

Housing Wire

At HousingWire, webinars are one of our most popular products. A webinar enables clients to showcase their expertise, generate leads and interact with the HousingWire audience. Each webinar is custom and specific to each client – they decide the topic and bring the panelists. From there, HousingWire offers industry and content expertise, promotes, hosts and moderates the webinar.

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BiggerPockets Money Podcast 190: Why You Should Always Have Side-Income: Finance Friday with Rachael

BiggerPockets

Side businesses can be a fantastic way to boost your savings and investing rates, especially if you’re making a low salary! Rachael works in the insurance industry and is keen […].

Finance 47
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How a Property Database Helps Commercial Property Tax Assessors Thrive

Real Quantum

How a Property Database Helps Commercial Property Tax Assessors Thrive. Y our goal as a commercial property tax assessor is to achieve consistent fair and equitable treatment of every taxpayer, but that goal isn’t without challenges. Especially during a global pandemic. How do you ensure you’re equitably addressing taxpayer concerns in the most efficient way possible?

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Existing home sales fall due to lack of housing inventory

Housing Wire

For the second consecutive month, existing-home sales fell, according to the latest National Association of Realtors report. Transactions decreased 3.7% in March, which also saw record-high home prices and gains. All four major U.S. regions experienced month-over-month drops, and all four areas saw year-over-year gains in home sales. Sales in March overall climbed year-over-year, up 12.3% from a year ago — and from 5.35 million to 6.01 million.

Inventory 445
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Fee Simple Estate vs. Leased Fee Estate

Dart Appraisal

DART APPRAISAL DISCUSSES FEE SIMPLE ESTATE VS. LEASED FEE ESTATE. Dart Appraisal’s team of reviewers often encounters what appears to be a common misunderstanding about which portion of an estate should be valued when a client or intended user request an appraisal report: The Fee Simple Estate or the Leased Fee Estate. Based upon the definitions from the Dictionary of Real Estate Appraisal (below), anytime the subject is encumbered by a lease, including a partial lease, a short-term lease on a s

Tenants 67
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April 2021 Home Data Index Market Report

Clear Capital

The April 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 2.9 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.