Housing Wire

OCTOBER 1, 2021

PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels. According to PennyMac, for a one-unit property a borrower could receive $625,000, an increase of almost $75,000 from the maximum loan limit dictated by the Federal Housing Finance Agency (FHFA). The 2021 baseline national conforming loan limit for a one-unit property is currently capped at $548,250, though this number is expected to increase sometime in November.

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Appraisal Buzz

OCTOBER 1, 2021

The conforming loan limit is set by the Federal Housing Finance Agency (FHFA). Mortgages under that amount generally have the lowest effective rates, and in some cases are easier to qualify for. With prices appreciating rapidly in the past year, a big increase in the loan limit would be big news. Prospective buyers would be able to widen their price range in many cases and homeowners whose loans exceed the previous loan limit might be.

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Housing Wire

OCTOBER 1, 2021

Nestled between Utah Lake and the towering peaks of the Wasatch Mountain Range, it is hard to imagine that anything in the Provo-Orem metropolitan area could be anything other than serene. But for the past 12 months, the metro’s housing market has been in complete chaos. “It is hot, hot, hot here,” Clay Winder, a real estate agent for Keller Williams Westfield , said.

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Appraisal Buzz

OCTOBER 1, 2021

According to Redfin analysist Tim Ellis, new data shows that asking prices of newly listed homes are up 12% year-over-year to a median of $361,250, an all-time high. While the market is still red-hot, some metrics collected by Redfin in September covering 400 metro areas are beginning to cool, as is expected for this time of year. For example, fewer than half of homes are selling above list … The post Home Seller Asking Prices Up 12% to All-Time High appeared first on DSNews.

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Sellers Appraisal Marketing 195

Housing Wire

OCTOBER 1, 2021

HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire: Why should referrals be a key part of originators’ strategies? John G. Stevens: As the market heads into 2022, mortgage originators are going to need some good strategies to win more purchase money mortgage business because t

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Appraisal Buzz

OCTOBER 1, 2021

According to Redfin analysist Tim Ellis, new data shows that asking prices of newly listed homes are up 12% year-over-year to a median of $361,250, an all-time high. While the market is still red-hot, some metrics collected by Redfin in September covering 400 metro areas are beginning to cool, as is expected for this time of year. For example, fewer than half of homes are selling above list price and … The post Home Sellers Optimism Reflected in Increased Asking Prices appeared first on t

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Sellers Appraisal Marketing 195

Appraisal Buzz

OCTOBER 1, 2021

A fire can be one of the worst days of a homeowner’s life—not only could it take years to recover emotionally from losing everything you own—it can be financially devastating, even after an insurance payout. ValuePenguin, a data analysis company owned by LendingTree, has found that the yearly cost of home insurances after a fire rises in … The post How Much Does Home Insurance Rise After a Fire?

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McKissock

OCTOBER 1, 2021

On Wednesday, October 20, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2021 Q4 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Lisa will address frequently asked questions about the new 2022-2023 7-Hour National USPAP Update Course and the new USPAP Reference Manual.

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Appraisal Real Estate Development Investing 84

Appraisal Buzz

OCTOBER 1, 2021

Mid America Mortgage has announced it has donated $250,000 to Services of Hope, a non-profit organization based in Dallas, Texas, which aims to provide assistance for community needs that do not fit in a traditional category. “Mid America Mortgage is proud to call North Texas home. As much as this community has given to us, we feel it is incredibly … The post Mid America Mortgage Donates $250k to Community Organization appeared first on theMReport.com.

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BiggerPockets

OCTOBER 1, 2021

Social media investors are becoming the new normal. Whether you’re on Instagram, Facebook, TikTok, Clubhouse, or Twitter you can find successful entrepreneurs giving tips on real estate, stock trading, or […].

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Appraisal Buzz

OCTOBER 1, 2021

A new survey has revealed that real estate investors are not viewing the market as favorably as they once did in light of low inventory and rising costs. The survey by RealtyTrac, a property information company, found that 48% of the 300 surveyed individual real estate investors believed that the investment market is worse or much worse than it was a year … The post Why Are Investors Souring on the Housing Market?

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Housing Market Investors Marketing Real Estate 195

Lamacchia Realty

OCTOBER 1, 2021

Anthony Castellano has officially qualified for the 2021 President’s club by surpassing $16,000,000 in sales volume so far this year! This is Anthony’s second time reaching this impressive milestone, the first in 2020 when he was he became the youngest REALTOR® ever to join the club. Anthony is focused and driven all while striving to be the best for his clients and ensure their needs and goals are met.

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Appraisal Buzz

OCTOBER 1, 2021

A new survey has revealed that real estate investors are not viewing the market as favorably as they once did in light of low inventory and rising costs. The survey by RealtyTrac, a property information company, found that 48% of the 300 surveyed individual real estate investors believed that the investment market is worse or much worse than it was a year … The post Survey Finds Investors Leary About Current Housing Market appeared first on theMReport.com.

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Housing Market Investors Marketing Real Estate 195

Lamacchia Realty

OCTOBER 1, 2021

Lamacchia Realty is excited to announce the newest member of the 2021 President’s Club,? Leslie Storrs Tondreau. This is a challenging milestone to achieve in real estate and this is Leslie’s third year in a row qualifying! So far in 2021, Leslie has closed 33 deals and she isn’t done yet! Leslie’s genuine nature and deep understanding of the industry make her a fantastic REALTOR® and friend to everyone in the company.

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Realty Realtors Real Estate Clients 68

Appraisal Buzz

OCTOBER 1, 2021

This week, nominees Alanna McCargo, James Arthur Jemison II and Mark Colon will appear before the Senate as nominees for roles with Ginnie Mae and HUD. The post The Week Ahead: Senate Meets to Confirm HUD and Ginnie Mae Leadership appeared first on DSNews. The post The Week Ahead: Senate Meets to Confirm HUD and Ginnie Mae Leadership appeared first on Appraisal Buzz.

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Hank Miller Team

OCTOBER 1, 2021

Should you consider a backup offer? Are backup offers good options for home buyers and sellers? In highly competitive housing markets with desperate buyers and multiple offers, it might seem pointless to write a backup offer, but why not? Buyers and sellers have different considerations, but backup offers can be good options for each. In the end, a back up offer doesn't cost a buyer anything and it can provide the seller with a nice fall back should the primary offer fall apart.

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Sellers Contracts Buyers New Listings 52

Appraisal Buzz

OCTOBER 1, 2021

An upcoming webinar takes focus on the millennial homebuying demographic and how to implement strategies to increase your share of this growing sector. The post The Week Ahead: Serving Today’s Millennial Homebuyer appeared first on theMReport.com. The post The Week Ahead: Serving Today’s Millennial Homebuyer appeared first on Appraisal Buzz.

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Appraisal 195

Mashvisor

OCTOBER 1, 2021

Over the past few years, real estate brokerages have been looking for innovative ways of selling and buying homes.

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Brokerage Buyers Real Estate Investors 73

Appraisal Buzz

OCTOBER 1, 2021

On Wednesday, October 20, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2021 Q4 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Lisa will address frequently asked questions about the new 2022-2023 7-Hour National USPAP Update Course and the new USPAP Reference Manual.

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Appraisal 195

Mortgagebroker News

OCTOBER 1, 2021

Clients need solutions that fit their long-term financial aims, and Community Trust is a big believer in this approach

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Clients 65

AmeriMac

OCTOBER 1, 2021

The appraisal process is one of the most important elements of the real estate industry – and unfortunately for the appraisers themselves, it’s also one of the most time consuming. In a pre-COVID world, it was common for appraisers to come out to a home and visually inspect both the inside and the outside. They would go room by room, taking detailed photographs and making a note of any important elements that might impact the home’s value.

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Modernization Appraisal Real Estate Technology 36

Mortgagebroker News

OCTOBER 1, 2021

Canada saw its greatest number of people moving to other provinces since 1991, Statistics Canada says

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Magnusson Group

OCTOBER 1, 2021

Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, November 12th: 9am-3pm. Saturday, November 13th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on November 11th on a first-come first-serve basis.

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Architecture Design Training Property Appraisal 36

Mortgagebroker News

OCTOBER 1, 2021

The association hosted its first non-virtual event for 18 months in Vaughan

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Magnusson Group

OCTOBER 1, 2021

Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, November 12th: 9am-3pm. Saturday, November 13th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on November 11th on a first-come first-serve basis.

Architecture 36

Architecture Design Training Property Appraisal 36

Mortgagebroker News

OCTOBER 1, 2021

Supply and inflationary pressures are not likely to go away anytime soon

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Magnusson Group

OCTOBER 1, 2021

Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, November 12th: 9am-3pm. Saturday, November 13th: 9am-3pm. Entry numbers for the sale will be offered beginning at noon on November 11th on a first-come first-serve basis.

Property Appraisal 36

Property Appraisal Appraisal Decorating 36

Mortgagebroker News

OCTOBER 1, 2021

Industrial segment availability is unable to keep up with sustained demand

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Marketing 61

Magnusson Group

OCTOBER 1, 2021

Electronic Signup for Entry Numbers. If you have questions about the signup process for one of our sales, please watch the accompanying video tutorial prior to calling our office for assistance. Sign Me Up For This Sale! Friday, October 8th: 9am-3pm. Saturday, October 9th: 9am-3pm. To receive exclusive updates about upcoming estate sales, click here.

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Decorating Modernization Property Appraisal Design 36

Mortgagebroker News

OCTOBER 1, 2021

One has a long-term value proposition, new survey says

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AmeriMac

OCTOBER 1, 2021

The appraisal process is one of the most important elements of the real estate industry – and unfortunately for the appraisers themselves, it’s also one of the most time consuming. In a pre-COVID world, it was common for appraisers to come out to a home and visually inspect both the inside and the outside. They would go room by room, taking detailed photographs and making a note of any important elements that might impact the home’s value.

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Modernization Appraisal Real Estate Technology 36

REX Real Estate

OCTOBER 1, 2021

If you’re selling your home, chances are, you also need to find a new…

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Cleveland Appraisal Blog

OCTOBER 1, 2021

I hope you are all doing great! This week, I am happy to welcome a guest blogger, Penny Martin. I think you’re going to enjoy her article. Especially if you have pets and are thinking of downsizing. I have more articles I am working on for future posts. This week, I am also working on a new Home Value Stories podcast episode. Stay tuned. In the meantime, enjoy Penny’s great article!

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Appraisal Valuation Realtors Modernization 243

Housing Wire

OCTOBER 1, 2021

If you were tasked with defining the word “leadership,” how would you explain what it means? The word encapsulates so much, and yet according to Merriam-Webster, it can be summed up as “the power or ability to lead other people.”. If it’s simply the ability to lead others, the list of HousingWire Vanguard winners would be a lot longer. If it’s based on the ability to grow a company, cause or initiative, the housing industry would be filled with leaders, as it continuously broke record after reco

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