Housing Wire
JULY 16, 2021
Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. As of July 14, nearly one-third of U.S. home purchases this year were paid with just cash — 30%, specifically — according to a recent Redfin study. That represents the largest share since 2014, when 30.6% of homes were purchased with all cash.
Appraisal Buzz
JULY 16, 2021
A House Committee will take a closer look at HUD’s work toward supporting homeownership by underwriting homeownership for low- and moderate-income families through its programs. The post The Week Ahead: HUD to Outline Its Equitable Housing Goals on the Hill appeared first on DSNews. The post The Week Ahead: HUD to Outline Its Equitable Housing Goals on the Hill appeared first on Appraisal Buzz.
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Housing Wire
JULY 16, 2021
Home sales fell 1.2% from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and, down from 39 days in June 2020.
Appraisal Buzz
JULY 16, 2021
Through its Duty to Serve program, the FHFA is seeking equitable housing options for underserved markets as a solution to closing the affordability gap. The post FHFA Director Addresses Underserved Markets appeared first on DSNews. The post FHFA Director Addresses Underserved Markets appeared first on Appraisal Buzz.
Housing Wire
JULY 16, 2021
Real estate platform OJO Labs is expanding into Canada, the company announced this week. Canadian customers can now work directly with the OJO concierge team to connect with local agents and mortgage professionals from Royal Bank of Canada , said Natalka Falcomer, who was named president of OJO Home Canada. “OJO Labs provides intuitive, personalized consumer experience, streamlining the process by matching homebuyers and sellers with the insights, tools, and industry experts they need at j
Appraisal Buzz
JULY 16, 2021
Are you about to take your appraisal licensing and certification exam and have knots in your stomach? Then you’re in luck, because our Pro-Series webinar, “Proven Test Taking Tips for Your Real Estate Appraiser Exam,” is back by popular demand! Join us on Wednesday, August 4, 2021 from 11:00am–12:00pm ET for this FREE one-hour, Pro-Series webinar.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JULY 16, 2021
It was big, bad news when it came out last summer. Almost a year later, the 50 basis point “adverse market fee,” which affected a majority of refinance mortgages has been eliminated! Backstory In early August 2020, Fannie and Freddie (who collectively buy or guarantee a vast majority of all mortgages) announced that virtually all conventional refinance loans would be subject to a new fee of 0.50 points (e.g. an extra $1500 upfront on a.
Housing Wire
JULY 16, 2021
As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. During her third year at FGMC, Gonzalez was recognized by HousingWire as a 2020 Vanguard. The HW Vanguard awards program recognizes C-level industry professionals and business unit leaders who have become leaders in their respective fields within housing
Appraisal Buzz
JULY 16, 2021
Jake Fowler has joined Constant , a fintech provider of digital loan servicing and loss mitigation customer portals, as vice president of partnerships, financial services. Fowler most recently served as assistant vice president of associate memberships at the Consumer Bankers Association, where he managed relationships with non-bank members and served as liaison to the Small Business Banking Committee.
Eyes on Housing
JULY 16, 2021
Over the five months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 483,878. On a year-over-year (YoY) basis, this is a 38.7% increase over the May 2020 level of 348,898. Year-to-date ending in May, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 48.8%, followed by the Midwest (+45.
Appraisal Buzz
JULY 16, 2021
A new study finds affluent American homebuyers are benefitting from a surging stock market and the flexibility to relocate to more affordable parts of the U.S. The post All-Cash Sales on the Rise appeared first on theMReport.com. The post All-Cash Sales on the Rise appeared first on Appraisal Buzz.
McKissock
JULY 16, 2021
Are you about to take your appraisal licensing and certification exam and have knots in your stomach? Then you’re in luck, because our Pro-Series webinar, “Proven Test Taking Tips for Your Real Estate Appraiser Exam,” is back by popular demand! Join us on Wednesday, August 4, 2021 from 11:00am–12:00pm ET for this FREE one-hour, Pro-Series webinar.
Appraisal Buzz
JULY 16, 2021
Where is the industry going? Where are rates headed? A new webinar will help chart the course for the remainder of Q3 and the remainder of 2021. The post The Week Ahead: Forecasting the Path of the Industry appeared first on theMReport.com. The post The Week Ahead: Forecasting the Path of the Industry appeared first on Appraisal Buzz.
BiggerPockets
JULY 16, 2021
This week’s question comes from Lisa on the Real Estate Rookie Facebook Group. Lisa is asking all about property management this week: I’ve never had a property manager, what are […].
Appraisal Buzz
JULY 16, 2021
New alliance provides Salesforce customers with marketing tools to build financial relationships and maintain a strong pipeline through customer retention. The post Total Expert Announces Salesforce Integration appeared first on theMReport.com. The post Total Expert Announces Salesforce Integration appeared first on Appraisal Buzz.
San Jose Real Estate
JULY 16, 2021
“Location, Location, Location!” The most important element when buying or selling a home is the one thing you can’t change – it’s location. Because of that, you’ll need to know some location-specific things, naturally occurring and man-made. Like high voltage power lines. What about this location? If you own or are thinking of buying a […].
Appraisal Buzz
JULY 16, 2021
Savings will be passed on to consumers, as lenders will no longer be required to pay the GSEs a fee when they deliver refinanced mortgages. The post FHFA Waives Adverse Market Refi Fee appeared first on theMReport.com. The post FHFA Waives Adverse Market Refi Fee appeared first on Appraisal Buzz.
Mashvisor
JULY 16, 2021
If you’re a real estate agent, you’ve probably found yourself wondering what the difference between addendum vs amendment is.
Appraisal Buzz
JULY 16, 2021
Affordability struggles for homebuyers forced more into the rental space, with rents rising at a faster pace than income in many metros nationwide. The post Rents Rise to New Highs in June appeared first on DSNews. The post Rents Rise to New Highs in June appeared first on Appraisal Buzz.
Mortgagebroker News
JULY 16, 2021
The broker, together with a pharmacy owner, reportedly facilitated the criminal group’s purchase of a Toronto property
Appraisal Buzz
JULY 16, 2021
The demand for home inventory continues, despite contractors being impacted by cost increases, supply shortages, and transport bottlenecks. The post Cost of Materials Restricting Home Construction Growth appeared first on theMReport.com. The post Cost of Materials Restricting Home Construction Growth appeared first on Appraisal Buzz.
Mortgagebroker News
JULY 16, 2021
Specialist brokers can help prospective buyers navigate the unique ins and outs of this asset class
Appraisal Buzz
JULY 16, 2021
The share of homes purchased in all-cash transactions hit 30% for the first time since 2014 as found in a new Redfin report. The post Cash Is King in the Housing Game appeared first on DSNews. The post Cash Is King in the Housing Game appeared first on Appraisal Buzz.
BiggerPockets
JULY 16, 2021
Recent data from ATTOM shows that the current housing market is hampering house flipping. Here's how.
Mashvisor
JULY 16, 2021
This post presents a list of the five best places to buy a vacation home in 2021.
Mortgagebroker News
JULY 16, 2021
Specialist brokers can help prospective buyers navigate the unique ins and outs of this asset class
Housing Wire
JULY 16, 2021
Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. But this is no ordinary mortgage startup. Venture capital investors including Zillow founder Spencer Rascoff and Trulia co-founder Pete Flint, believe that Tomo has the potential to topple the legion of lenders that have increased market share, invested heavily in technology and lapped up record
Mortgagebroker News
JULY 16, 2021
Tenant demand is expected to further accelerate amid the gradual economic reopening
Eyes on Housing
JULY 16, 2021
According to NAHB’s latest estimates, changes in prices for softwood lumber products that occurred between April 17, 2020 and July 08, 2021 are enough to add $29,833 to the price of an average new single-family home, and $9,990 to the market value of an average new multifamily home. The increase in multifamily value, in turn, translates to households paying $92.
Mortgagebroker News
JULY 16, 2021
Tenant demand is expected to further accelerate amid the gradual economic reopening
JMV Lending
JULY 16, 2021
CUTEST HOUSE I EVER SAW I have been in the mortgage industry since 1994 and have seen thousands of homes in every setting imaginable. And the cutest house I have ever seen was a 3,500 square foot brick, single-level ranch house on ten acres in the wine-growing region of Livermore Valley in California. It had […]. The post Financing And Building ADUs Or In-Laws appeared first on JVM Lending.
Mortgagebroker News
JULY 16, 2021
The prominent SVP sees plenty of opportunity for brokers in the coming months
Listing Spark
JULY 16, 2021
How do I sell my home fast? At ListingSpark, we hear this question all the time. It’s a great question, but can come with a complicated answer. A better question might be, if I want to sell my home fast, what is the trade-off? Or better yet, how do I sell my house fast for market value or more? This article will discuss different strategies a home seller may explore in order to achieve a faster home sale.
Mortgagebroker News
JULY 16, 2021
The market is now a long way from the all-time highs seen in March
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