Housing Wire
FEBRUARY 25, 2021
Rocket Companies , the parent company of Rocket Mortgage , cleared another $2.48 billion in profits during the fourth quarter, giving the nation’s biggest mortgage lender a total of $9.5 billion in profits for 2020. Rocket originated $107.2 billion in mortgages, with net rate lock volume of $96 billion in the fourth quarter, the company disclosed in a filing with the Securities and Exchange Commission.
DataMaster
FEBRUARY 25, 2021
Millennial Homebuyers Rule 2021. Millennials are Different Than Their Predecessors. Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest G
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Housing Wire
FEBRUARY 25, 2021
Zillow is putting their money where their Zestimate is, at least to a point. The “Zestimate,” Zillow’s catchy ( and soapy ) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home value is to guide the company on a “limited subset of homes” in 20 markets.
Yolo Solano Appraisal Blog
FEBRUARY 25, 2021
Are you familiar with the Freddie Mac House Price Index? Go take a peek. Freddie Mac House Price Index The FMHPI is your friend. The index reports monthly change in house prices for national, state, and metropolitan statistical areas (MSAs). The data series starts with January, 1975 and usually runs two to three months behind […].
Housing Wire
FEBRUARY 25, 2021
Nikolaos Pavlou, product marketing manager at Blend , will sit down with other housing luminaries to discuss what mortgage tech is solving now at HousingWire’s Spring Summit on March 4. Pavlou will be joined by Finicity’ s Senior Vice President of Product and Strategic Programs Lisa Kimball, and Qualia ‘s Director of High Growth Accounts Jamie Kump.
DataMaster
FEBRUARY 25, 2021
Millennial Homebuyers Rule 2021 Millennials are Different Than Their Predecessors Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest Gen
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
DataMaster
FEBRUARY 25, 2021
Millennial Homebuyers Rule 2021. Millennials are Different Than Their Predecessors. Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest G
Empire Appraisal Group
FEBRUARY 25, 2021
Why Aren’t Homeowners Selling? Lots of Good Reasons. Source: Why Aren’t Homeowners Selling? Lots of Good Reasons | Florida Realtors. In 2010, owners stayed for 8.7 years; in 2020, it was 13 years. Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down. NEW YORK – Housing market inventory remains tight as homeowners hold onto their homes longer.
BiggerPockets
FEBRUARY 25, 2021
Mobile home parks are big investments—and real estate investors must ensure the park is a good fit. Consider these criteria before buying.
National Association of Realtors
FEBRUARY 25, 2021
The 2020-2021 Uniform Standards of Professional Appraisal Practice (USPAP) will now be effective until December 31, 2022.
BiggerPockets
FEBRUARY 25, 2021
Investing in timberland isn’t just about buying nice boots that pair well with flannel. There is something alluring, or even romantic, about the idea of owning a forest. If you are the type of person that considers more than just dollars and cents, this may be an area of interest for you.
Berkshire Hathaway
FEBRUARY 25, 2021
2020 definitely had many of us re-evaluating our living situations. Do to spending so much time at home people have realized that they may need a bigger space or even an upgrade in features which is leading us to see a bigger boom in the luxury market. A desire to create a home sanctuary has been sparked by more opportunities to work from home. With working from home comes with the need for extra space for things like home gyms, bigger kitchens, extra office space, etc.
BiggerPockets
FEBRUARY 25, 2021
Real estate investors are known to have their hands in 20 different pots, this is doubly true for Marine and real estate investor Fabio. Fabio is a Captain in the […].
Housing Wire
FEBRUARY 25, 2021
Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. On Feb. 9, the FHFA extended forbearance plans an additional three months past beyond their initial 12 month expiration. With the latest edict, the agency is now allowing borrowers up to 18 months of coverage.
AmeriMac
FEBRUARY 25, 2021
For years Federal Housing Administration (FHA) appraisals have been aiding homebuyers in purchasing the house of their dreams. Tailored to help borrowers of all kinds, in order to gain an FHA loan, your desired property needs to go through an appraisal. In this way, FHA can determine the selected properties’ market value, thus finding out whether the house is worth financing or not.
Housing Wire
FEBRUARY 25, 2021
The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump last week pushed mortgage rates to 2.97%, according to Freddie Mac ’s Primary Mortgage Market Survey. The average mortgage rate hasn’t risen this high since the end of July 2020, but Sam Khater, Freddie Mac’s chief economist, noted higher rates signals an economy slowly regaining its footing.
AmeriMac
FEBRUARY 25, 2021
For years Federal Housing Administration (FHA) appraisals have been aiding homebuyers in purchasing the house of their dreams. Tailored to help borrowers of all kinds, in order to gain an FHA loan, your desired property needs to go through an appraisal. In this way, FHA can determine the selected properties’ market value, thus finding out whether the house is worth financing or not.
Housing Wire
FEBRUARY 25, 2021
It’s like the Yogi Berra quote – nobody goes there anymore, it’s too crowded. For the fifth consecutive month , U.S. pending home sales dipped – this time, down 2.8% in January from December, according to a report from the National Association of Realtors. And inventory shortages are the culprit. Despite the decline, many industry observers see big potential for the housing market in the year ahead.
AmeriMac
FEBRUARY 25, 2021
For years Federal Housing Administration (FHA) appraisals have been aiding homebuyers in purchasing the house of their dreams. Tailored to help borrowers of all kinds, in order to gain an FHA loan, your desired property needs to go through an appraisal. In this way, FHA can determine the selected properties’ market value, thus finding out whether the house is worth financing or not.
Housing Wire
FEBRUARY 25, 2021
Finicity , an open-banking solutions provider that was acquired by Mastercard in October, announced that it is dipping further into the mortgage space. Finicity’s latest product, dubbed its “mortgage verification service,” will allow prospective borrowers to provide certain permissions that allow mortgage lenders to verify assets, income and employment on one platform.
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