Housing Wire
JULY 1, 2021
The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. “Economic growth remains steady and is bolstering more segments of the economy,” said Sam Khater, Freddie Mac’s Chief Economist.
Appraisal Buzz
JULY 1, 2021
Homepoint , the third-largest wholesale mortgage lender in the U.S., has introduced Homepoint Amplify, a new service model that combines localized support with Homepoint’s national platform to help mortgage brokers maximize efficiency and deliver a faster, more personalized customer experience in today’s purchase-focused market. . Under this new model, Homepoint will form regional support teams aligned with its six regions – Central, Northeast, Northwest, South, Southeast and Southwest.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JULY 1, 2021
Black Americans continue to face greater financial and generational barriers to homeownership than white Americans, with a recent study finding that only 45.1% of Black Americans bought or own their home as of the first quarter of 2021 — against 73.8% of white Americans. Per Redfin , 23% of white homeowners made no financial sacrifices to buy their first home, versus 14% of Black homeowners.
Appraisal Buzz
JULY 1, 2021
Fintech startup Tomo seeks to provide fully-underwritten pre-approvals in hours and guaranteed on-time closings. The post Former Zillow Execs Launch Digital Homebuying Platform appeared first on theMReport.com. The post Former Zillow Execs Launch Digital Homebuying Platform appeared first on Appraisal Buzz.
Housing Wire
JULY 1, 2021
“The thing we need in real estate is more buzzwords about tech,” deadpanned Craig McClelland, vice-president and chief operating officer of BHGRE Metro Brokers in Atlanta. So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference in Colorado Springs – “Intersection of tech and brokerage.”. Any real estate talk about technology can degenerate into to just saying the word “technology.
Appraisal Buzz
JULY 1, 2021
After rising above the 3% mark last week, mortgage rates dipped this week, with low and stable rates continuing to drive a booming market. The post Mortgage Rates Retreat Below the 3% Mark appeared first on theMReport.com. The post Mortgage Rates Retreat Below the 3% Mark appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JULY 1, 2021
Pending home sales in April unnerved a lot of people. At what should have been a high point in the spring market, they fell 4.4 percent from the previous month and the National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) neared the 20-year old benchmark of 100. Every consensus estimate from analysts that we could find was badly off the mark.
Housing Wire
JULY 1, 2021
If there’s one common characteristic that HousingWire saw the brightest marketing leaders and minds in the housing industry wield last year , it was being agile. When the world shifted to work from home , marketers stepped in with new messaging and strategic campaigns to reach their target audience. When mortgage and acquisition activity picked up, marketers created new brand unity between companies.
Appraisal Buzz
JULY 1, 2021
PERSON OF THE WEEK: Due to rapidly rising home prices, homeowners have amassed considerable home equity during the past year. And they are increasingly tapping into that equity for home improvements including backyard sanctuaries. The demand for home equity loans and lines of credit is likely to increase because many homeowners – following the pandemic’s lockdowns – who might otherwise have “moved up,” now find themselves “trapped,” due to rising prices and lack of.
Housing Wire
JULY 1, 2021
The beauty and lore of Savannah, Georgia is familiar to most Americans — even if they don’t know it. Savannah, with its lush trees and at-home hospitality, was the principle filming location for the 1994 Academy Award-winning movie “Forrest Gump.” Going back even further, Burt Reynolds’ 1976 directorial debut, “Gator,” was also filmed in Savannah.
Appraisal Buzz
JULY 1, 2021
CoreLogic CEO Frank Martell says the combination of the two companies’ digital solutions, platforms, and domain expertise “is clearly additive for our clients and the broader housing ecosystem.”. The post CoreLogic Announces Plan to Acquire ClosingCorp appeared first on DSNews. The post CoreLogic Announces Plan to Acquire ClosingCorp appeared first on Appraisal Buzz.
Housing Wire
JULY 1, 2021
With the forbearance moratorium expiring at the end of July and the CFPB’s new foreclosure rule taking effect in August, servicers have a lot to consider when working with borrowers on forbearance exits and loss mitigation strategies. HousingWire recently spoke with Travis Britsch, general manager of Hubzu , about post-forbearance strategies to benefit both servicers and borrowers.
Appraisal Buzz
JULY 1, 2021
Here’s how improving borrower communication can help prevent foreclosure as forbearance ends. The post The Right Tools for the Right Time appeared first on DSNews. The post The Right Tools for the Right Time appeared first on Appraisal Buzz.
GoForrmz
JULY 1, 2021
GoFormz Product-Led Growth model highlighted in Forbes GoFormz was recently featured in a Forbes article, Four Keys To Product-Led Growth And Business Freemium Success , highlighting the success of our Product-Led Growth model. Authored by Matt Holleran, General Partner at Cloud Apps Capital Partners and GoFormz’s earliest investor, the article examines GoFormz as a case study for successful Product-Led Growth (PLG). “ The product is simple, beautiful and hassle-free. ” — Matt Ho
Appraisal Buzz
JULY 1, 2021
This webinar event covers the Consumer Financial Protection Bureau’s recent amendment to Reg X which includes changes to default, servicing, and loss mitigation in relation to borrowers impacted by COVID-19. The post Mortgage Servicing, Legal Leaders to Discuss Reg X, COVID-19 appeared first on DSNews. The post Mortgage Servicing, Legal Leaders to Discuss Reg X, COVID-19 appeared first on Appraisal Buzz.
Urban
JULY 1, 2021
Addressing the lack of diversity in the appraiser industry could improve outcomes for Black and Hispanic communities.
Appraisal Buzz
JULY 1, 2021
A new analysis has found that while the shortage of homes available remains high, improvements were seen in June over May’s totals. The post Housing Inventory Stages a Comeback in June appeared first on DSNews. The post Housing Inventory Stages a Comeback in June appeared first on Appraisal Buzz.
Riverfront Appraisals
JULY 1, 2021
For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. If this is your first time visiting our blog, welcome! And, you’ll definitely […].
Appraisal Buzz
JULY 1, 2021
Gains were seen in the number of homes available in June, as a new study found home prices continuing to shatter records. The post New Home Listings Rise 5.5% YoY in June appeared first on theMReport.com. The post New Home Listings Rise 5.5% YoY in June appeared first on Appraisal Buzz.
Empire Appraisal Group
JULY 1, 2021
5 Appraisal Topics Every Agent Should Know. Source: 5 Appraisal Topics Every Agent Should Know | Realtor Magazine. Appraisers are an integral part of the real estate sales process. It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market.
Appraisal Buzz
JULY 1, 2021
Halfway into 2021, lenders face new regulations, a new administration, and other major changes. The post An Uphill Journey appeared first on theMReport.com. The post An Uphill Journey appeared first on Appraisal Buzz.
Lamacchia Realty
JULY 1, 2021
Photo by: Roman Lacheev When selling your home, it can often be a stressful experience cleaning up and getting your house ready for showings. Adding children into the equation can turn this into an overwhelming situation for you. You need a place for your kids to play around and have fun, but you also want to keep your house in tip-top showing shape at the same time.
Appraisal Buzz
JULY 1, 2021
A white paper published by Freddie Mac explains some actions property owners can take as COVID-19-related tenant protections expire. The post GSE Encourages Property Owners to ‘Proactively Understand’ Rental Assistance appeared first on DSNews. The post GSE Encourages Property Owners to ‘Proactively Understand’ Rental Assistance appeared first on Appraisal Buzz.
BiggerPockets
JULY 1, 2021
Teachers do a lot more than we give them credit for (as shown throughout the past year and a half), but sadly, they don’t get paid terribly high salaries. Today’s […].
Quicken Loans
JULY 1, 2021
We adore our cats and dogs. Those of us who proudly wear the badge of pet owner love our fur babies, consider them members of the family and ferociously defend them. Our love is unconditional, and we may have even carried out home renovations to accommodate our pets. In fact, some of the cost of those renovations you made might be recouped by value added to your home’s sale price.
Cornerstone
JULY 1, 2021
Reading Time: 3 minutes. Download the infographic here. Short supply supports listing sooner. Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Sellers who list may find a golden opportunity: Right now, you’re likely to sell your house quick
BiggerPockets
JULY 1, 2021
How has investor sentiment changed over the last few months? Here are the updated numbers.
Mashvisor
JULY 1, 2021
The last time a flood of short sales was experienced was during the Great Recession of 2008 as homeowners lost their jobs and income.
REX Real Estate
JULY 1, 2021
In bringing fresh eyes and ears to the business of buying and selling houses,…
AmeriMac
JULY 1, 2021
A property appraisal is a process of estimating the value of real estate. It is an unbiased opinion of a home’s value given by a professional. Appraisals are almost always used in purchase and sale transactions, where they are used to determine if a home’s price is appropriate for its location, condition and features. It is important to note that an appraisal is not a commodity in itself.
BiggerPockets
JULY 1, 2021
Used correctly and strategically, refinancing your mortgages can help you grow your real estate investment portfolio immensely.
Lamacchia Realty
JULY 1, 2021
Lamacchia Realty’s Worcester office sold over 100 homes in June, marking this the first time in company history that a branch office has reached this milestone in a single month! "I am beyond privileged to work amongst such hard working and dedicated agents who made this possible. We had brand new agents closing their first sales and same seasoned agents closing over 8 sales in a month all while they adapted to the ever-changing market conditions.
Eyes on Housing
JULY 1, 2021
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.2% in May to a seasonally adjusted annual rate of $751.7 billion. Total private residential construction spending was 28.7% higher than a year ago. The monthly gains are attributed to the strong growth of spending on single-family construction.
Housing Wire
JULY 1, 2021
The U.S. Department of Justice (DOJ) has fully walked back a settlement agreement it reached with the National Association of Realtors (NAR) in the waning months of the Trump administration regarding anti-trust claims, the agency announced Thursday. In a statement, the DOJ said it was withdrawing from the settlement so it could undertake a broader investigation into the NAR’s rules.
Expert insights. Personalized for you.
500 
Let's personalize your content