Tue.Jan 26, 2021

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Home prices surge to six-year high in November

Housing Wire

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index. November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% gains seen in October.

Inventory 544
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Types of house in Ontario: The basics

Midtown Appraisal Group

Do you know the differences? At first glance, ‘house types’ seems obvious: We all know the difference between a 1-storey house and a 2-storey house, right? But different terminology is used for different types of homes based not just on how many storeys they contain, but also on the way the floors are arranged. Here’s […].

Appraisal 148
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What 2020’s top forbearance exit trends mean for servicers

Housing Wire

Early COVID housing policy helped servicers care for homeowners in these first nine months of the pandemic with fast forbearances and smart deferrals. Now let’s preview how this will play out for servicers, homeowners and the housing economy in 2021. We’ll begin with the top three ways homeowners are exiting forbearance so far. Top three ways homeowners are exiting forbearance.

Mortgage 427
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Tax Tips for Appraisers and Small Business Owners

McKissock

Tax season 2021 is just around the corner. If you own your own appraisal business, or another type of small business, you may have some questions regarding the best practices for filing taxes. To help you out, we’ve put together a list of resources containing helpful info and tax advice for this year—including a Pro-Series webinar featuring business and tax tips for appraisers.

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The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Does that mean you should skip one and save the $300 to $700 one will cost you?

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The True Cost of Mold In Your Home

McKissock

Being able to live in a home that you have bought is one of the most rewarding achievements in one’s life. But owning a home carries with it a stream of never-ending attention, awareness, and maintenance. Your home protects you from the weather and other various elements but for it to be able to properly do this you, in turn, have to take care of it.

Law 66

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Why Live Video Is the Quickest Path To Authentic Marketing

BiggerPockets

If you want to raise money for your deals and market yourself effectively, you'll need to try something new and tell people who you are.

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Florida community bank launches mortgage arm

Housing Wire

Amerant Bank , one of the largest community banks in Florida, announced that it is venturing into the mortgage industry with the formation of Amerant Mortgage. The company said this expansion was a direct response to the state’s growing demand for residential mortgages. At the end of last year, the number of closed sales for single-family homes in the South Florida area jumped nearly 24% annually, according to the Florida Association of Realtors.

Mortgage 319
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Flipping Commercial Properties & Finding Success as a First-Timer

BiggerPockets

Follow one investor through his journey of flipping a property and buying a commercial building all in the same process.

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Housing industry reacts to Yellen’s confirmation

Housing Wire

Industry officials were quick to signal their support for yesterday’s historic U.S. Treasury Secretary confirmation of Janet Yellen , the 74-year-old who now holds the distinction of being the first female to hold the position in its 230-year history. After a unanimous 26-0 vote from the Senate Finance Committee , the U.S. Senate voted 84-15 on Monday to approve Yellen , who will immediately get to work pushing President Joe Biden’s financial and economic agenda onto Capitol Hill.

Finance 448
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Rookie Podcast 48: 4 Ways Newbies Can Finance Deals with Richard Kelly

BiggerPockets

After Richard Kelly shadowed a veterinarian for the day, he realized that his passion wasn’t performing surgery on animals, it was actually money. This led him to become a banker […].

Finance 36
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Biden calls on HUD to address racial equity

Housing Wire

President Joe Biden signed several new executive orders on Tuesday that address racial equity, including a memorandum that directs the Department of Housing and Urban Development to both mitigate racial bias in housing and advance fair housing laws. “The nation is ready to change. But government has to change as well,” Biden said in a press conference on Tuesday. “We need to make equity and justice part of what we do every day… Again, I’m not promising we can end it tomorrow, but we

Law 504