Tue.Mar 15, 2022

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Will the housing inventory crisis end this year?

Housing Wire

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. Tune in for our next event with Mohtashami happening March 23rd at 12 CT in the #articlediscussion channel.

Inventory 450
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Starbucks cups & price per sq ft in real estate

Sacramento Appraisal Blog

It’s easy to get into valuation trouble when we focus too much on price per sq ft. Seriously, this can be a massive problem leading to major heartache during escrows. Okay, that sounds so dramatic, but it’s important to know how to explain how price per sq ft works. Let’s talk about this by using […].

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The LO edge in 2022? Realtors, Realtors, Realtors

Housing Wire

The key to winning purchase business in 2022 remains as it was in 2021, the year before that, and the year before that – building and maintaining relationships with real estate agents. But in the most competitive purchase market in years, they’ll have to scrap, leverage social media and add a personal touch. According to three loan originators speaking at a policy summit hosted by the National Association of Hispanic Real Estate Professionals in Washington D.C. on Tuesday, LOs should focus

Realtors 441
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8 Signs of a Possible Real Estate Bubble or Burst

Appraisal Buzz

Clients continue to require more market analysis be included in appraisals. That said, appraisers are not expected to be prognosticators and cannot foretell the future. Through a selection of comparable sales including listings and pending transactions, as well as whether they reconcile their opinions to the lower or higher end of the range of values, appraisers are able to convey to the intended users their understanding and opinion as to what direction the market.

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Knock raises $220M, lays off 46% of workforce

Housing Wire

Layoffs, layoff, fired. Knock CEO Sean Black has a lot on his mind including “the difficult decision to part ways with many of our beloved Knockstars.”. Knock, a New York City-based company that makes cash offers on behalf of prospective homebuyers, announced Tuesday that it is laying off 46% of its workforce. Knock did not say exactly how many employees will be laid off.

Investing 421
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The Case for Virtual Assistants

The Appraiser Coach

There are those who argue that hiring help from outside the U.S. is unamerican, as it takes jobs away from Americans on the home turf. And to a certain extent, Read More.

More Trending

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Downsizing Your Home

Lamacchia Realty

DOWNSIZING YOUR HOME. There comes a point when people no longer need the current size of their home. For one reason or another, they downsize. This means fewer rooms, less square footage, and less area to maintain. Whatever reason you have for downsizing, here are some tips to make the process as smooth as possible. Benefits of Downsizing Your Home.

HOA 78
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Inventory Down, Prices Up in Vacation Hotspots

Appraisal Buzz

According to a new report from Redfin, demand for vacation homes fell drastically in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. Demand was still up 35% from pre-pandemic levels, but significantly lower than the 87% increase in January. February also marked the first month since the start of … The post Inventory Down, Prices Up in Vacation Hotspots appeared first on DSNews.

Inventory 150
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What Does AirDNA Do for Airbnb Hosts and Investors?

Mashvisor

It’s crucial for Airbnb investors to access the current short term rental data and analytics. Read to learn what AirDNA can do for Airbnb owners. Vacation rentals are thriving again.

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Single-Family Rent Prices Hit Historic Highs

Appraisal Buzz

CoreLogic released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Single-family rent prices experienced extensive growth during 2021, increasing an average of 7.8% compared to 2.6% in 2020. But the data shows that prices have continued to climb in 2022 as single-family rents have increased … The post Single-Family Rent Prices Hit Historic Highs appeared first on DSNews.

Appraisal 150
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Lamacchia Realty Ranks No. 73 on Inc. Magazine’s List of the Northeast Region’s Fastest-Growing Private Companies

Lamacchia Realty

Lamacchia Realty is proud to have ranked 73 rd on the third annual Inc. 5000 Regionals Northeast list of the fastest-growing private companies in America! This prestigious ranking includes the fastest-growing private companies based in CT, MA, ME, NH, NJ, NY, PA, RI, and VT. The annual list represents a unique look at the most successful companies within the Northeast region economy’s most dynamic segment- its independent small businesses. .

Realty 68
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Staircase’s New Tech Gives Lenders More Third-Party Service Access in Origination System

Appraisal Buzz

Staircase has launched new click-to-deploy technology that enables lenders to access a wider number of third-party service providers in waterfall fashion through their loan origination system (LOS). The new technology removes the lengthy process of integrating new services and eliminates wait times when accessing automated borrower verifications and document classification and data extraction services.

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Airbnb Orlando: Is It Worth Investing in 2022?

Mashvisor

Airbnb Orlando is now witnessing record numbers of visitors, both from within the state and outside the state, compared to other areas in the US.

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The Case for Virtual Assistants

Appraisal Buzz

There are those who argue that hiring help from outside the U.S. is unamerican, as it takes jobs away from Americans on the home turf. And to a certain extent, … Read More. The post The Case for Virtual Assistants appeared first on Appraisal Buzz.

Appraisal 150
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Property Taxes and the Cost of Home Appreciation in a Hot Market

Will Springer Realtor

Don’t look now but something else is about to cost you more – property taxes. Homeowners in King County – or the lenders paying their mortgage – recently received notices in the mail about the assessed value of their property. This figure will help adjust their property tax next year. (The assessment in 2021 determined this year’s tax.). Depending on where you live, the property tax bill in 2023 will rise between 1.5% (Algona) and 15% (Tukwila).

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Four Tips for Effective Mentorship

Appraisal Buzz

Kristy Folino of ServiceLink examines the importance of paying it forward to the next generation of mortgage industry leaders and the lasting impact of mentorship. The post Four Tips for Effective Mentorship appeared first on DSNews. The post Four Tips for Effective Mentorship appeared first on Appraisal Buzz.

Appraisal 150
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10 Best Real Estate Apps for Investors in 2022

Mashvisor

The introduction of the best real estate apps has helped real estate investors who want to earn a high income and grow their portfolios.

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HUD Earmarks $2.6B+ to Fight Homelessness

Appraisal Buzz

The nationwide grant includes approximately 7,000 renewed and new grants aimed at assisting individuals and families experiencing homelessness move into permanent housing with access to supportive services. The post HUD Earmarks $2.6B+ to Fight Homelessness appeared first on DSNews. The post HUD Earmarks $2.6B+ to Fight Homelessness appeared first on Appraisal Buzz.

Appraisal 150
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Rookie Podcast 165: A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1)

BiggerPockets

Welcome to part one of a rehab-estimation masterclass with real estate mogul James Dainard! James has earned his title by being involved in 3,000 transactions over the past fifteen years […].

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Canadian home prices hit new record high

Mortgagebroker News

The average cost of a home across the country has surged by more than 20% in the past year

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How to Avoid Hurting Your Home Appraisal: Cleaning, Updating & Fixing

Listing Spark

You’ve probably heard the saying “you have to spend money to make money” That is especially true when it comes to your home. If you want to get the most value for your property, you need to keep it in good condition. Here are a few tips on how to avoid hurting your home appraisal: What is a home appraisal? Home appraisals are a method by which an appraiser reviews a home and compares them to homes in a specific neighborhood to determine their fair market price.

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StatCan: Households now saving at a much slower rate

Mortgagebroker News

Household consumption accelerated amid continued easing of public health restrictions

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Various Shades of Buyer Representation

Eppraisal

When interviewing for a real estate agent to help you purchase a home, be sure to ask them what type of buyer representation they are going to provide to you. There are multiple types of buyer representation with differences in what they entail. There are benefits and downsides to each type. Some provide services without any commission due from you, and some may have you paying a commission.

Buyers 36
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What's happening with residential construction in Canada?

Mortgagebroker News

Momentum from construction intentions remains strong, Statistics Canada reports

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Personal Finance is Personal: Mindy Falls Off the Budgeting Bandwagon (and Learns a Few Lessons From It)

BiggerPockets

Sticking to a budget is tough, and it only got more difficult for Mindy in February. Here's what happened.

Finance 52
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Feds to fund Winnipeg housing supply boost

Mortgagebroker News

Major housing complex to be renovated through a multi-million funding tranche

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8 Signs of a Possible Real Estate Bubble or Burst

McKissock

Clients continue to require more market analysis be included in appraisals. That said, appraisers are not expected to be prognosticators and cannot foretell the future. Through a selection of comparable sales including listings and pending transactions, as well as whether they reconcile their opinions to the lower or higher end of the range of values, appraisers are able to convey to the intended users their understanding and opinion as to what direction the market is trending.

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Russia-Ukraine crisis: How sanctions could impact Canada's economy

Mortgagebroker News

International measures against Russia continue as the conflict escalates

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Supple Chain Issues Slow Permits in January 2022

Eyes on Housing

Over the first month of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,404. On a year-over-year (YoY) basis, this is a 0.6% decline over the January 2021 level of 83,921. Year-to-date ending in January, single-family permits declined in three out of the four regions. The South posted a small increase of 0.9% while the Northeast.

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How a broker can keep informed in an ever-evolving environment

Mortgagebroker News

Continuous education is key to remaining relevant as a service provider

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Gary Acosta on the policy path to Hispanic homeownership

Housing Wire

NAHREP co-Founder and CEO Gary Acosta. Over the next two decades, housing finance experts predict Hispanic homeowners will make up 70% of all new homeowners. That figure explains at least some of the palpable optimism among attendees of the policy summit the National Association of Hispanic Real Estate Professionals hosted this week in Washington, D.C.

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Avison Young completes largest Alberta commercial lease in years

Mortgagebroker News

Canadian Western Bank is slated to relocate its corporate headquarters

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Judge’s ruling will put PLS trusts under the thumb of the CFPB

Housing Wire

Judge, judicial, court, regulation, Supreme Court, HUD, FHFA, ruling, fair housing. A recent judge’s ruling in pending litigation involving student-loan securitization trusts could have far-reaching legal and financial implications for the private-label securities market. In the federal court case, “Consumer Financial Protection Bureau v. National Collegiate Master Student Loan Trust et al.,” a group of 15 student loan trusts find themselves the target of litigation filed by the U.S.

Legal 441
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Questrade enters the mortgage game

Mortgagebroker News

It has announced the launch of its new mortgage platform