Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) and West (96.9) in February, while the South and Midwest also experienced declines but managed to st

Inventory 497

Inventory Contracts Housing Market Buyers 497

George Dell

MARCH 31, 2021

Postpone appraisal modernization. We can do that later. Why? Change and improvement should, normally, come from a profession. When a profession fails to bring improvement, eventually consumers/clients press for change. That’s what seems to have happened. The two largest consumers of appraisals now have pressed for change. Fannie Mae and Freddie Mac have realized the […].

Modernization 195

Modernization Clients Appraisal 195

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021. Purchase activity is up 6% year-over-year, with the unadjusted purchase index 39% higher than the same week one year ago.

Mortgage 427

Mortgage Contracts Inventory Lending 427

Raleigh Realty

MARCH 31, 2021

What Does Contingent Mean in Real Estate? When searching for a home for sale, you may have encountered a variety of different sales statuses online including contingent real estate listings. Beyond just “for sale” and “closed,” you may have also seen other common sales statuses such as “pending” or “contingent.” These phrases indicate where in the sales process the home is in.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

Housing Wire

MARCH 31, 2021

The Consumer Financial Protection Bureau announced Wednesday it is rescinding seven of its temporary policies put in place to protect consumers during the pandemic. The seven rescissions will be effective Thursday, April 1, with the government agency noting that it intends to exercise the full scope of its supervisory and enforcement authority provided under the Dodd-Frank Act.

Insurance 407

Insurance Appraisal Development Lending 407

GoForrmz

MARCH 31, 2021

Rapidly collect healthcare data using HIPAA-Secure digital forms equipped with these five features. “ GoFormz has been extremely valuable within The CARE Method Program, which is our Dementia Intervention Program. We’ve found that there are no other programs or tools of this nature being used in this capacity to provide stabilization for dementia patients. ” — Terri Abelar, CEO, Aging Solutions.

Insurance 78

Insurance Tools 78

Working RE

MARCH 31, 2021

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Institutional Memory and Appraiser Firms by Richard Hagar, SRA Institutional memory, having “old farts” […].

Appraisal 78

Appraisal Real Estate 78

Housing Wire

MARCH 31, 2021

That was fast. Eight days after Compass unveiled a hoped-for Wall Street valuation of over $10 billion, the New York City-based residential brokerage has significantly scaled back its ambitions for an initial public offering. Compass is now offering 25 million shares of Class A common stock to potential shareholders at $18-$19 per share, according to a filing Tuesday with the Securities and Exchange Commission , which calculates into trying to raise $463 million at the mid-point.

Valuation 395

Valuation Brokerage Market Value Business 395

BiggerPockets

MARCH 31, 2021

Anything over 100 units tends to scare many investors, especially rookie investors. How do you even get to 100 units when it’s already challenging enough to get one? That answer […].

Investors 69

Investors Real Estate 69

Housing Wire

MARCH 31, 2021

Last year’s record-low mortgage rates dipped as low as 2.65% on 30-year fixed-rate loans and ignited an origination boom that had lenders scrambling to manage the high demand. During this surge, many lenders experienced challenges as they tried to deliver an ideal customer experience while closing loans at the speed of light. . While the refi boom might be slowing down, the purchase market is heating up.

Marketing 383

Marketing Clients Training Technology 383

BiggerPockets

MARCH 31, 2021

You’ve prepared yourself to buy a new home in every way possible, but now it’s time to actually go out and do—not just talk. Here's what to ask when you start searching.

70

70

Housing Wire

MARCH 31, 2021

The real estate settlement process can be negatively impacted by many factors. From lost documents to chasing down critical data, it’s important lenders remain organized so borrowers don’t have to endure long turnaround times and closing delays. Rigorous processes and efficient technology have never been more important than they are at this current time of high refinance activity, when lenders are managing record-breaking volumes.

Real Estate 370

Real Estate Technology Insurance Clients 370

McKissock

MARCH 31, 2021

Step aside, Millennials. There is a new generation in town. Generation Z homebuyers are poised to enter the real estate market. Generation Z, also known as the “Net” or “Digital” generation, comprises those born from about 1996 to 2010. The oldest among them are now in their twenties, and many are starting to enter the housing market for the first time.

Real Estate 57

Real Estate Marketing Real Estate Agent Technology 57

Housing Wire

MARCH 31, 2021

Remote Online Notarization, better known as RON, became a national priority in 2020, something it’s been working toward for a handful of years now. But as COVID-19 forced a new, socially distant world, 50 states were forced to take a hard look at the regulations they have around remote notarizations. This doesn’t mean that they all magically started accepting RON though (looking at you RIN – remote ink-signed notarization).

Technology 335

Technology Valuation Appraisal Mortgage 335

BiggerPockets

MARCH 31, 2021

Achieving a quality rehab can try your patience. Smart investors solve these problems by stealing a project management strategy: a thorough scope of work.

Project Management 70

Project Management Real Estate Investors 70

Housing Wire

MARCH 31, 2021

Today, title documents are sent between title vendors and lenders via email, third-party email and even fax machines. Once received, lenders employ teams to manually review these title documents and re-type details into their loan origination systems. These manual processes are time-consuming, subject to data-entry errors and potential security concerns – all of which can delay a borrower’s closing date.

Clients 200

Clients Mortgage Development Technology 200

Berkshire Hathaway

MARCH 31, 2021

In a normal market renovating your home before putting it up for sale was a great way to make it more appealing to buyers. However, this is not a normal market and with so many buyers competing for homes renovations may not be as important, which as a seller is great news because it will save you time and money! If you are selling, there are two big things to keep in mind: There are not enough homes for sale right now and as a result buyer competition is extremely high with homes only staying on

Renovations 28

Renovations Sellers Buyers Investing 28

Housing Wire

MARCH 31, 2021

Every real estate transaction—whether it is backed by a mortgage or is an all-cash deal—requires a determination of ownership and a clear transfer of title. That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer.

Technology 370

Technology Real Estate Modernization Clients 370

Housing Wire

MARCH 31, 2021

President Joseph Biden’s $2 trillion infrastructure plan represents the most sweeping national investment in decades. The “American Rescue Plan,” unveiled Wednesday, includes $213 billion allocated for housing, with a focus on low- and middle-income homeowners and prospective homebuyers. Specifically, the plan calls for the construction and rehabilitation of over 500,000 homes in low- and middle-income areas.

Transportation 545

Transportation Construction Investing Law 545