Fri.Jun 25, 2021

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How lenders can attract the next generation of homebuyers

Housing Wire

In today’s housing market, lenders need to make sure they’re staying competitive. One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances. HousingWire recently sat down with Joel Rickman, Senior VP of Verification Services at Equifax , to address the growing need for lenders to offer affordable financial services.

Lending 413
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iBuying ‘Up to Full Speed’ Following 2020 Pause

Appraisal Buzz

One agent reports a “constant barrage of deals,” and the latest numbers indicate the practice is ramping up among the top ibuying firms. The post iBuying ‘Up to Full Speed’ Following 2020 Pause appeared first on theMReport.com. The post iBuying ‘Up to Full Speed’ Following 2020 Pause appeared first on Appraisal Buzz.

Agents 322
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iBuying rebounds in Q1, up 20% from end of 2020

Housing Wire

iBuying appears to be back, after the nation’s top iBuying companies purchased 4,383 homes in the first quarter of 2021 — up 20.6% from the prior quarter. Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. The top quarter of iBuyer activity remains the third quarter of 2019 when, according to Redfin, 8,310 homes were bought via iBuyers.

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White House Continues Shakeup of Housing Regulators

Appraisal Buzz

President Biden continues to strengthen housing’s regulators, nominating Julia Gordon and Dave Uejio for HUD leadership roles. The post White House Continues Shakeup of Housing Regulators appeared first on theMReport.com. The post White House Continues Shakeup of Housing Regulators appeared first on Appraisal Buzz.

Appraisal 300
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How Depreciation Works

Cleveland Appraisal Blog

What is the primary reason a newly built home has a higher market value than the same home that is older? In a word, depreciation. What is depreciation? Simply stated, it is loss in value. There are three basic causes of depreciation for homes. Physical, functional, and external obsolescence. What do they indicate and how do appraiser’s measure depreciation?

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Kensington Vanguard acquires Virginia title company

Housing Wire

New York-based Kensington Vanguard National Land Services recently acquired Hometown Title and Escrow , a title company based in Virginia. Hometown Title and Escrow is led by industry veteran Sharon Keegan and serves both residential and commercial transactions in the Northern Virginia and Washington, D.C. markets, and represents Kensington Vanguard National Land Services’ fourth acquisition in the Mid-Atlantic region, said Brian Cooper, KV CEO. “We are very excited to add the Hometo

Retail 314

More Trending

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Title Alliance keeps growing, adds Arizona offices

Housing Wire

It’s been a busy week for Pennsylvania-based Title Alliance. Nine days after officially announcing a new branch in Washington , the title company has made another move in a big market, expanding its Arizona footprint into Phoenix and Mesa. The offices, to be named Title Alliance of Gilbert and Title Alliance of America in Mesa, are the ninth and tenth Arizona locations for the family of title insurance and escrow companies, said Jim Campbell, Title Alliance CEO.

Insurance 319
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Biden Nominates Two for Top HUD Roles

Appraisal Buzz

To bolster oversight of the nation’s housing marketplace, the President has tapped housing advocate Julia Gordon and Acting CFPB Director Dave Uejio for key roles at HUD. The post Biden Nominates Two for Top HUD Roles appeared first on DSNews. The post Biden Nominates Two for Top HUD Roles appeared first on Appraisal Buzz.

Appraisal 195
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Homebuyers, it’s time to go to war

Housing Wire

These days, being financially stable enough to put an offer down on a home isn’t enough. We’re living in a seller’s market, with minimal inventory and low interest rates. Did you just find your dream home? So did a handful of other buyers who are just as financially stable and eager. So, what do you do? Walk away and try again later? No! You roll up your sleeves and get ready to go to war…a bidding war.

Sellers 215
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The Week Ahead: Examining the Impact of Credit Bias on Homeownership

Appraisal Buzz

A Congressional hearing will feature panelists discussing the consumer credit reporting system, looking back at its history, and detailing three proposals to overhaul this system to provide credit equity for all. The post The Week Ahead: Examining the Impact of Credit Bias on Homeownership appeared first on DSNews. The post The Week Ahead: Examining the Impact of Credit Bias on Homeownership appeared first on Appraisal Buzz.

Appraisal 195
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Don’t miss your chance to nominate a 2021 HW Insider

Housing Wire

The 2021 nominations for HW Insiders close today, so be sure to nominate your organizational all star before it’s too late! This award program recognizes key players in housing who are absolutely essential to the performance of their organizations, doing the leg work that makes the mortgage industry tick. Winners will be featured not only online with their own profile, but also in one of the September issue of HousingWire Magazine.

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More Than 2 Million Borrowers Remain in Forbearance Plans

Appraisal Buzz

“We should all be expecting more activity one way or another as we near the 4th of July,” analysts say. The post More Than 2 Million Borrowers Remain in Forbearance Plans appeared first on DSNews. The post More Than 2 Million Borrowers Remain in Forbearance Plans appeared first on Appraisal Buzz.

Appraisal 195
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New Home Prices Squeeze Buyers Out at the Low End

Eyes on Housing

Recent Census data, combined with NAHB survey results, illustrate the way in which home buyers in the lower one-fourth of the market have been squeezed entirely out of the market for new construction, and forced to look exclusively in the stock of existing homes—where the inventory of homes available for sale remains in a historically low range (at a 2.5-month.

Buyers 183
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The Week Ahead: Just How Much Has the Market Cooled?

Appraisal Buzz

Continued low inventory and increasing affordability issues remain obstacles in a market experiencing continued low rates, as NAR issues key data gauging the course of the market the wrap up Q2. The post The Week Ahead: Just How Much Has the Market Cooled? appeared first on theMReport.com. The post The Week Ahead: Just How Much Has the Market Cooled?

Marketing 195
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Considering Ohio? Here Are Cleveland’s Best Real Estate Niches and Neighborhoods

BiggerPockets

With a keen eye toward market trends, Amir and the rest of the team at Premier Cleveland Investing know what it takes to find—and close—those diamond-in-the-rough Cleveland properties that every investor wants.

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Agencies Asked to Extend Pandemic Homeowner Protections, Pandemic-Driven Migration Drives Up Home Prices, and Other Appraisal News

Appraisal Buzz

The Chairwoman of the House Financial Services Committee asks agencies to prolong pandemic homeowner protections. Pandemic-driven migration drives up home prices in popular cities. New home sales fall to the lowest pace in a year. Despite low rates, only 22% of homeowners refinanced their mortgages last year. Available home listings are finally starting to rise.

Appraisal 195
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How to Invest in Furnished Rentals in 2021

Mashvisor

If there is one thing millennial renters want, it is convenience. Furnished rentals fulfill this need by providing tenants with everything they need for a simple lifestyle.

Tenants 68
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HUD Proposes Reinstating 2013’s Discriminatory Effects Rule

Appraisal Buzz

Secretary Marcia Fudge says, “it’s a new day at HUD,” as she submits a proposal seeking to rescind a 2020 rule that makes it more difficult to prosecute discrimination cases. The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on DSNews. The post HUD Proposes Reinstating 2013’s Discriminatory Effects Rule appeared first on Appraisal Buzz.

Appraisal 195
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Rookie Podcast 90: Rookie Reply: How to Find the Owner of a Property (Without Being Creepy)

BiggerPockets

This week’s question comes from Joey on the Real Estate Rookie Facebook Group. Joey is asking: Was driving in a new part of town and came across a house that […].

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How to Buy Your Next Rental With Retirement Funds

Mashvisor

You’ve done it. With a little help from Mashvisor, you’ve found your perfect investment property. Between the location, income potential, and sale price, you know it’s the right choice.

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Transform Your House Into Your Dream Home

REX Real Estate

Do you have a Pinterest board where you’ve compiled images of what your future…

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Power Panel – Stress test update

Mortgagebroker News

Leaders on the latest changes and how they will impact the housing market

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These Are the Closing Costs When Buying a Home

REX Real Estate

When buying a home, it’s important to understand all the costs involved.

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Biden Administration Fires FHFA Director Calabria Following SCOTUS Ruling

Appraisal Buzz

The White House on Wednesday ousted Mark Calabria as director of the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac, potentially delaying efforts to recapitalize the two companies and release them from conservatorship. The move came just hours after the Supreme Court ruled in Collins v. Yellen that the FHFA’s single-director leadership structure was unconstitutional, opening the door for President Joe Biden to fire Calabria, who was installed as director.

Finance 195
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Home Building Construction Times Accelerated in 2020

Eyes on Housing

The 2020 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.8 months, which usually includes a little over a month from authorization to start and another 6.8 months to finish the construction. Moreover, tt took around 10 days less in 2020 than in 2019, pausing the upward trend.

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Agencies Asked to Extend Pandemic Homeowner Protections, Pandemic-Driven Migration Drives Up Home Prices, and Other Appraisal News

McKissock

The Chairwoman of the House Financial Services Committee asks agencies to prolong pandemic homeowner protections. Pandemic-driven migration drives up home prices in popular cities. New home sales fall to the lowest pace in a year. Despite low rates, only 22% of homeowners refinanced their mortgages last year. Available home listings are finally starting to rise.

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May 2021 South Florida Housing Report

Lamacchia Realty

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for May 2021 compared to May 2020. It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market.

Sellers 48
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HUD plans to restore 2013 version of discrimination rule

Housing Wire

The U.S. Department of Housing and Urban Development published a proposal to the Federal Register on Friday that would rescind the department’s 2020 disparate impact rule and restore the 2013 discriminatory effects rule. In its notice of proposed rulemaking, HUD stated it believes the “2013 rule is more consistent with decades of caselaw and better effectuates the Act’s broad remedial purpose of eradicating unnecessary discriminatory practices from the housing market.” In other words

Legal 432