Fri.Mar 19, 2021

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Could the great refi boom finally be over?

Housing Wire

A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi pudding. With mortgage rates making their ascension , many late-to-the-game homeowners hopped on the chance to refinance their home loans and pushed refi volume to 68% of all closed loans in February, according to the latest originations report from ICE Mortgage Technology.

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What If the Appraisal Comes in too Low?

Appraiserblogs

…how to prevent a low appraisal in the first place… As real estate brokers in New York City, many buyers ask us what options exist if the appraised value comes below the contract’s purchase price. We explain how the appraisal rebuttal process works and how to prevent a low appraisal in the first place. Here are the most frequent questions buyers ask us.

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The disruptive impact of big data on housing

Housing Wire

Determining the value of a home depends on both art and science. With the increasing availability of massive amounts of housing data and the ability to analyze that information. Analysis of millions of pieces of disparate data informs nearly every decision made involving residential real estate. Todd Teta – guest columnist March HW Magazine. Consumers, real estate agents, investors, mortgage lenders, insurance companies and other financial institutions need accurate valuations to inform th

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FHFA Extends Relaxed Appraisal Standards, Spring Housing Market Expected to Remain Resilient, and More Appraisal News

McKissock

FHFA extends relaxed lending and appraisal standards to the end of April. A record-breaking 36% of homes sold above list price in February, due to historic homebuyer competition. Housing is expected to remain resilient despite low inventory, with accelerated U.S. economic growth predicted this spring. The $1.9 trillion American Rescue Plan will funnel billions into the housing market.

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These iBuyers are coming to a market near you

Housing Wire

A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. RedfinNow , the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C. area. The company’s iBuyer platform is already available in Arizona, California, Colorado, Texas and Washington. “Moving is stressful enough, without having to worry about your home selling before you’ve found a home to buy,&

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Rookie Podcast 62: Rookie Reply: What’s The Best Way to Find a Lender?

BiggerPockets

This week’s question comes from Kaylee on the Real Estate Rookie Facebook Group. Kaylee is asking: When looking for a lender (specifically 203k) what is the best most effective way […].

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Turtle Soup in the Kitchen Sink — Or, Why You Shouldn’t Skip Yearly Rental Inspections

BiggerPockets

If you are an active landlord and you mention it at a dinner party, I bet you get lots of questions like “What’s it like?” or “Tell me […].

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Jennifer Watson Laws promoted to HW Media’s Senior Vice President of Sales and Operations

Housing Wire

Clayton Collins, Founder and Chief Executive Officer, and Diego Sanchez, Chief Operating Officer, of HW Media , are proud to announce the promotion of Jennifer Watson Laws to Senior Vice President of Sales and Operations. Watson Laws joined HousingWire in 2016 as National Sales Director and was promoted to Vice President of Sales and Revenue Operations in 2019.

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Why Are Millennials So Behind in Homeownership?

BiggerPockets

Millennials lag behind other generations in homeownership. There are a number of reasons why—here, we analyze the various explanations.

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Real Estate Demo Hour – Paymints.io

Housing Wire

Paymints.io. Paymints.io is a fully electronic, secure, and compliant solution that eliminates the need for borrowers, buyers, sellers, and real estate agents to write paper checks. Save time, by skipping the bank; money, by lowering fees; and the environment by eliminating the use of paper and reducing CO2 emissions. #1. Secure & Compliant with Real Time Tracking. #2.

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5 Reasons to Sell Your Home This Spring

Berkshire Hathaway

2020 brought a lot of uncertainty with the health crisis which made a lot of people think twice about selling their home. This year however we are definitely starting to see a change, and the numbers are showing that. Fannie Mae shows that 57% of consumers believe now is a good time to sell. Historically spring is the busiest season when it comes to the housing market and experts see no reason why this year should be any different, so what does this mean if you’re thinking of selling your home?

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How capacity constraints are impacting servicers

Housing Wire

The current demand for capacity is forcing everyone in the industry to pick and choose what projects they work on, what products they use, and – most importantly – how their employees are utilized. There are conversations taking place right now about trying to identify bonafide counterparties to partner with. This is a challenging time for servicer s, with somewhat of a perfect storm of increased volumes, pandemic-driven dislocation, capacity constraints and increased regulatory pressures.

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The big appraisal myths, debunked

Midtown Appraisal Group

This infographic (below) from The Appraisal Institute has been around for a couple of years now, but I came across it again recently and I think it’s still worth a look, especially if you’re new to the appraisal process. (NOTE: The infographic refers to federal legislation in the US, and some of those laws may […].

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Real Estate Demo Hour – Qualia

Housing Wire

Qualia. Deliver an end-to-end consumer homebuying experience with Qualia Scale. Qualia Scale is a simple way for PropTech businesses to build custom, on-brand, and modern closing experiences using Qualia’s flexible infrastructure. #1. Sixty-two percent of future homebuyers want digital closing experiences, yet only 13 percent of recent homebuyers report receiving digital closings. #2.

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Real Estate Demo Hour – Back At You

Housing Wire

Back At You. Have full visibility into your brokerage’s performance with powerful reporting that will handle everything you need for recruiting, retention, and gained office efficiencies. The incredibly flexible commission setup allows you to track and easily process any type of commission schedule. Robust integration to Quick Books so that your accountant or bookkeeper can easily manage your finances.

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Lennar triples down on homebuilding plans

Housing Wire

National homebuilder Lennar Corp. plans to spin off all its non-core businesses to become a pure-play homebuilder and financial services company, the company announced on Wednesday. In an earnings call this week, Lennar executive chairman Stuart Miller said the move would maximize the technology investments made through LENx , the company’s primary investment vehicle.