Housing Wire
APRIL 21, 2021
As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. history. But future risk still remains, and much remains undecided about the future of credit scores.
George Dell
APRIL 21, 2021
Could the very definition of market value hold bias? Let’s look. First, we need to figure out what types of bias there might be. There are two major categories: 1) analytical bias; and 2) human bias. And there may be some overlap! Analytical bias generally comes from two places: Error in data selection; Error in […]. The post Is Market Value Itself Biased?
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Housing Wire
APRIL 21, 2021
Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Redfin defines “luxury” homes as selling for an average of $975,000, “expensive” homes as selling for an average of $429,000, “mid-priced” as selling for an average of $272,000, “affordable” as selling for an average of $184,400, and “most affordable”
Yolo Solano Appraisal Blog
APRIL 21, 2021
I hope you’ve had your Covid-19 vaccine shots. If not and you’re in California, sign up now here. Inventory continues to be low in the region with rising prices and competition for most properties. Sales volume is rising as shown below for Davis and Woodland: Inventory has risen in Davis but is still on the […].
Housing Wire
APRIL 21, 2021
After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showin
Raleigh Realty
APRIL 21, 2021
Living in Wendell, NC Thinking about Moving to Wendell, North Carolina? Find out what it's like living here Wendell is an up-and-coming community consisting of private homes, local eateries, vintage buildings, and parks. The town itself gives off the vibe of having all the big city charm found in larger metropolises yet still retaining its small-town atmosphere.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
McKissock
APRIL 21, 2021
The Appraisal Foundation has created a survey for appraisers that is intended to gather demographic data about the appraisal profession. The survey can be accessed by clicking HERE. Much of the information that exists about the demographics of the appraisal profession is anecdotal. This survey is an opportunity to produce a more accurate and complete picture of the demographics of the appraisal profession.
Housing Wire
APRIL 21, 2021
As a leader in the adoption, implementation and use of digital mortgages Camelia Martin’s breadth of experience has never been more relevant to the industry. A 2020 Woman of Influence , Martin joined Snapdocs earlier this year as Head of Industry and Regulatory Affairs. . “Many lenders were not able to pivot as quickly as they would have liked – but they haven’t thrown in the towel yet,” said Martin.
BiggerPockets
APRIL 21, 2021
Hiring a professional inspector is an essential part of the home-buying process—but all home buyers and investors should know how to quickly assess a property's condition. Here's what to look for during your walkthrough.
Housing Wire
APRIL 21, 2021
Nebraska-based Charter Title and Escrow has formed a Hispanic division to further assist Spanish-speaking customers, Realtors and loan officers in the region, the company announced on Wednesday. Per Angela Miller, Charter Title agent, Hispanics make up the fastest-growing demographic in the Omaha, Nebraska area. And while the new division is initially only being introduced in the Omaha market, the company’s plan is to grow the division into a multi-person effort throughout the company̵
Valuation Review
APRIL 21, 2021
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced that Sheridan Whipple has been promoted to vice president of business analysis. Read on to learn more.
Housing Wire
APRIL 21, 2021
Wisconsin-based Fairway Independent Mortgage Corp. announced Wednesday a multiyear partnership with Major League Baseball ‘s Milwaukee Brewers. Fairway will have signage placed throughout the Brewers’ home stadium, American Family Field, and will participate in multiple off-the-field Brewers initiatives, such as the Brewers Community Foundation’s food drive on May 4.
Valuation Review
APRIL 21, 2021
Voxtur Analytics Corp. has closed its deal to acquire Appraisers Now, Ltd. Total consideration for the acquisition was approximately $30.5 million. Read on for more information.
Listing Spark
APRIL 21, 2021
Do I need to stage my home before I put it on the market? We get asked this question all the time. Some real estate agents and other industry professionals believe that answer is always yes. Personally, I can’t find a reason why it would ever hurt. So this entire article will be a comprehensive list of various home staging tips that can help your home sell quicker and for a higher price.
Valuation Review
APRIL 21, 2021
JLL Valuation Advisory recently hired Jeff Manas to head its new environmental and property condition service. The move was made in order to provide an end-to-end solution for clients and create a unified, best-in-class resource for third-party due diligence reports in the U.S., the company announced in a release. Read on to learn more.
BiggerPockets
APRIL 21, 2021
Why do so many investors overlook their local real estate investor association—and fall victim to expensive courses and mentorship programs? Check out the benefits of these fantastic organizations.
Valuation Review
APRIL 21, 2021
Valuation Review spoke with American Society of Appraisers CEO Johnnie White to get some answers and insight about some pressing needs in the industry today, such as increased education and training to deal with adjustments needed as a result of COVID-19. White outlined his goals as the profession moves past the pandemic. Read on to find out what he told us.
BiggerPockets
APRIL 21, 2021
The first step to financial literacy is understanding money—and how it can work for you. Follow these simple steps to put your money to work.
Valuation Review
APRIL 21, 2021
Incenter Appraisal Management recently named a new company president. Read on to find out who the new executive is.
Berkshire Hathaway
APRIL 21, 2021
Due to the pandemic many people realized that they needed a bigger space due to spending so much time at home, especially those whose jobs are now remote which has in turned caused the big housing boom we are seeing right now. Though the pandemic has also caused people to reevaluate what they deem important in their everyday lives and a bigger home filled with stuff wasn’t one of them.
Housing Wire
APRIL 21, 2021
If you’re caught in the sights of the Consumer Finance Protection Bureau — or if you’re hoping to avoid the regulator’s scrutiny altogether — here’s what you need to know in 2021. The regulator is no longer “taking it easy” on consumer financial services firms in light of the pandemic, said Jeffrey Naimon, a partner at Buckley LLP , one of three compliance experts who gave a virtual CFPB exam prep during the Mortgage Bankers Association’s spring 2021 virtual conference.
BiggerPockets
APRIL 21, 2021
Some would call Terrance Doyle a “baller”. Not because he’s done hundreds of millions of dollars in real estate transactions, or because he has done over 600 flips, or because […].
Clear Capital
APRIL 21, 2021
Story by David Kitai. While the vaccine rollout has been extremely rapid, blowing most expectations out of the water, we’re not out of the woods quite yet. Even as states reopen and lift mask mandates, worrying new variants of concern are spreading fast enough for Federal Reserve chair Jerome Powell to ring some alarm bells. So, if fortunes worsen and we do enter a third wave, even if it’s somewhat moderated by vaccines, what can we expect that will do to the housing market?
Housing Wire
APRIL 21, 2021
Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s 725,000 more than in 2019. The report, citing U.S. Census data and its own research, now pegs the Hispanic homeownership rate at between 48-49%, which is an uptick of a full percentage point from one year before.
Clear Capital
APRIL 21, 2021
Additions to platform include Clear Capital’s industry-leading ClearAVM and Collateral Desktop Analysis. RENO, Nevada — April 22, 2021 — AppraisalVision , the mortgage industry’s first on-demand digital platform for home appraisals and valuation products, today announced its enhanced technology platform with the integration of real estate valuation and analytics fintech leader Clear Capital’s highly-accurate automated valuation model (ClearAVM ) and its comprehensive appraisal review and a
BiggerPockets
APRIL 21, 2021
The new Biden administration brings a wave of policy shifts that will impact property owners, landlords, and investors. Here are the top seven potential changes real estate investors should know about—and prepare for.
Valuation Review
APRIL 21, 2021
ATTOM Data Solutions’ property tax analysis of around 87 million single-family homes around the country showed that $323 billion in property taxes were levied on single-family homes in 2020, up 5.4 percent from $306.4 billion in 2019. Read on to learn more.
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