Tue.Nov 22, 2022

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Inside Movement Mortgageā€™s acquisition plans

Housing Wire

Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. “But that’s changed: we’re now attracting bigger groups, bigger producers.” .

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Is the Definition of Market Value Outdated?

George Dell

Editor’s Note: Is the Definition of Market Value Outdated? is a Guest Post from Bruce Hahn, SRA, MAI, CRE, CCIM. Why has the current definition of market value been around without change for so long? Many decades in fact! Not much of it seems applicable to the realities of at least the last decade nor […]. The post Is the Definition of Market Value Outdated?

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Marcia Fudge will be the first sitting HUD secretary to visit Japan

Housing Wire

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia Fudge will be the first sitting HUD secretary to visit Japan when she arrives in Tokyo next week. According to an announcement, Tokyoā€™s Governor Yuriko Koike will hold a joint news conference with Fudge on November 30 to ā€œlearn more about [Japanā€™s] policies regarding public housing, affordable housing models, and aging in place.” Secretary Fudge is also slated to meet with the Minister of Land, Infrastructure, Transpor

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97% Built-for-Rent Multifamily Construction Share

Eyes on Housing

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2022. At 141,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts increased to 97% as the already small condo.

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AVMsā€¦ The Not So Accurate Magic Bullet

Appraiserblogs

That article mentioned three on-line services which claim to provide accurate property values. In alphabetical order, those services were REDFIN, ReMax, and Zillow. Folks, in all the diatribes against appraisers by people who believe ā€œweā€ have built-in systemic bias, the topic of AVMs has come up. Some of the diatribers apparently think that using an AVM will magically produce an accurate property valuation, while eliminating bias, and appraisers.

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Beth Byrd Joins Forces with Lamacchia Realty Connecticut

Lamacchia Realty

We are thrilled to announce that Beth Byrd , a well-known and highly respected Leader and REALTORĀ® in the Connecticut real estate industry, has joined Lamacchia Realty. Beth joined alongside Gina Shumilla as the first two Leaders and REALTORSĀ® to head the new Lamacc hia Realty Connecticut expansion plans. Bethā€™s nearly ten years of experience in the Connecticut real estate market combined with years of sales experience prior helped form her into an expert in the local industry and a top-notch me

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Gina Shumilla Joins Forces with Lamacchia Realty Connecticut

Lamacchia Realty

We are pleased to announce that Gina Shumilla , a well know Real Estate Leader in Central Connecticut, has joined Lamacchia Realty. Gina joined alongside Beth Byrd as the first two Managers to head the new Lamacchia Realty Connecticut expansion. Lamacchia will be opening its first Connecticut office in a matter of weeks and Gina is a big part of that effort.

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The Differences Between an Appraisal and a Home Inspection

Hank Miller Team

Appraisers and home inspectors are important parts of a real estate transaction, but they serve completely different purposes. There are significant differences between an appraisal and a home inspection, itā€™s best for every home buyer to become familiar with the purpose of each. In fact, some real estate agents would also benefit from a reminder about their respective roles.

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The Cash-Flowing Car Wash and Early Retirement Through Creative Real Estate

BiggerPockets

The beautiful thing about building wealth is thereā€™s not just one way to reach your financial goals. This is where your creativity and ambition come into play. Todayā€™s guest, Daniel Schiermeyer, built his residential portfolio and then leveraged […].

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NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience

National Association of Realtors

NAR sent a letter to the Appraisal Foundation (TAF) to establish equivalency credit for education and experience in licensed and regulated fields involving valuation such as licensed real estate salespersons, real estate agents, and real estate brokers.

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BC government announces stronger measures to ensure better supply

Mortgagebroker News

New legislation aims to address the province's perennial housing availability issues

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Protected: October 2022 MA/NH Housing Report

Lamacchia Realty

This content is password protected. To view it please enter your password below: Password: The post Protected: October 2022 MA/NH Housing Report appeared first on Lamacchia Realty.

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How heavily are rate hikes weighing on BC's mortgage holders?

Mortgagebroker News

Many BC homeowners might be forced to sell their current properties

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Are you in need of the Grammar Police?

The Appraiser Coach

What an opportunity it is to live in the information age. There are so many mind-boggling technological advancements out there and so many educational resources to take advantage of. As. Read More.

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Avison Young: Office market dynamics have significantly evolved in the largest cities

Mortgagebroker News

Many larger tenants are shifting their operations from downtown areas to suburban outskirts

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Protected: October 2022 South Florida Housing Report

Lamacchia Realty

This content is password protected. To view it please enter your password below: Password: The post Protected: October 2022 South Florida Housing Report appeared first on Lamacchia Realty.

Realty 40
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What is a "must" for the mortgage professional?

Mortgagebroker News

"That's helped us really get to know what's going on in that transaction"

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Thanksgiving Interfaith Service in Saratoga

San Jose Real Estate

The Thanksgiving Interfaith Service in Saratoga often takes place on Thanksgiving morning. There’s also an annual service in Los Gatos, and that one is anywhere from 2 – 7 days in advance of the holiday. Both of these welcome everyone to join them in gratitude and prayer. Also in both of these areas, the venue […].

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Accepting Gift Money to Purchase a Home ā€“ What Buyers Need to Know

Will Springer Realtor

The holidays are just around the corner and the spirit of giving is in the air. And if youā€™re thinking of buying a home, a special gift in the form of cash from a relative to help with the purchase may be the ultimate holiday offering. Itā€™s perfectly legal, as long as buyers properly document the transfer of funds from the relative(s) and follow guidelines from their lender.

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BatchLeads vs PropStream: An In-Depth Comparison for Real Estate Investors

Mashvisor

Going into 2023, real estate investors looking for online platforms to help them acquire leads need to choose between BatchLeads vs PropStream.

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Prepayment activity drops to another record low as mortgage rates top 7%

Housing Wire

Prepayment activity fell to another record low in October amid mortgage rates topping 7% and refis drying up. Black Knight expects that the steep declines in rate lock volume and seasonality factors point to further declines in prepayment activity. Prepayment dropped 16.5% to a single-month mortality rate of 0.48%, well below the previous record of 0.55%, according to Black Knightā€™s October mortgage performance statistics report.

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ListSource vs. PropStream: Pros and Cons

Mashvisor

Get a ListSource vs. PropStream overview, learn about their advantages and disadvantages, and see whether there’s a third option here.