Fri.Apr 16, 2021

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2 million refi candidates eligible after mortgage rate drop

Housing Wire

Another 2 million borrowers could save an average of nearly $300 a month on a refinance thanks to last week’s 10-basis-point drop in mortgage rates. Recent data from Black Knight found the number of high-quality refi candidates moved back up to 13 million last week — potentially putting $3.6 billion back in to homeowners pockets. On March 25, the data analytics company reported 7 million high-quality candidates fell through the cracks on the market’s “forever rates” after

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Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn

BiggerPockets

Shark Tank's Barbara Corcoran has dealt with her fair share of market downturns—and she knows how to find opportunity in a struggling economy. Here, read her top five tips on becoming (or staying) successful in trying times.

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Want to boost your home’s property value? Plant a tree

Housing Wire

There’s no denying shopping for a home is time-consuming. You have to pay attention to everything – the neighborhood, floorplan, proximity to work, school district and cost. Even if you plan to live in the home for years, you want features that’ll increase your property’s value for when the time eventually comes to sell it. And while homeowners often scramble to renovate kitchens and bathrooms, remember to pay attention to your yard’s foliage. .

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Rookie Podcast 70: Rookie Reply: Should I Sell or Rent Out My Primary Residence?

BiggerPockets

This week’s question comes from Dane through Ashley’s DMs on Instagram (you can find her @wealthfromrentals). Dane is asking: should I sell or rent out my primary residence? Whenever you’re […].

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Higher mortgage rates symbolize an economy rejuvenated

Housing Wire

In 2020, housing was an economic bright spot for a nation shuttered inside. Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows.

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Will the Housing Market Cool in 2021?

BiggerPockets

It’s been a rough couple of months for anyone looking for deals—particularly on the MLS. People just haven’t been selling their houses. It makes sense that inventory is low. But will that change in 2021?

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Hottest Housing Market Ever, Appraisal Gap Complicates Deals, Explosion of Appraisal Waivers, and Other News

McKissock

March was the hottest month for housing since at least 2012. With home-sale prices hitting a record high, the appraisal gap has created friction among agents, lenders, and appraisers. Appraisal waivers have exploded during the COVID-19 pandemic. The President of The Appraisal Foundation discusses the foundation’s outlook for 2021. Sharp increases in interest rates have shifted the mortgage originations landscape very quickly.

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Blend, valued at $3.3B, plans to go public

Housing Wire

Blend Labs filed a confidential registration statement with the Securities and Exchange Commission on Friday, signaling its intent to enter the public markets. The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others.

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13 Illuminating Questions Landlords Should Ask Every Prospective Tenant

BiggerPockets

Your tenant application should cover much more than the basics of name, address, and references. Get a full snapshot of each applicant with these questions.

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1759294

Will Springer Realtor

All the comforts of home!! Affordable living in Belltown within a few blocks of Space Needle, Olympic Sculpture Park, Pike Place Market and new arena. Outstanding amenities, including fitness center, owners’ lounge with large-screen TV and full kitchen, guest suite, and rooftop with breathtaking views of Mt. Rainier, West Seattle and the Olympics.

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Consider Farmland: A Stable, Sustainable Investment

BiggerPockets

There’s something wholesome or even downright romantic about the idea of owning a farm. Farmland is an often-overlooked asset class within real estate, frequently overshadowed by the sexier investments. However, farmland can have a place in a well-rounded portfolio.

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Commercial Client Specialist

Dart Appraisal

Commercial Client Specialist The Client Specialist works closely with clients and appraisers in managing the ordering, processing, and completion of real estate appraisals, while ensuring appraisal independence and a compliant appraisal process. Essential duties and responsibilities include the following. Other duties may be assigned. Assign appraisers to work orders in accordance with client requirements and Dart policies.

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Data Center REITs Are On Fire—Should You Invest?

BiggerPockets

The COVID-19 crisis and associated move from physical office space to digital work have greatly accelerated the need for more digital space to accommodate working and communicating from home. Here's how to invest in this market.

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M&A in the title industry? Don’t make these mistakes

Housing Wire

As HousingWire reported earlier this year, 2021 will be a year of heightened M&A activity — and not just for mortgage lenders and originators. As the refinance wave gives way to a purchase market, consolidation is already upon us – even in the title industry. This means that, after tremendously profitable years for many in the settlement services space, we’ll be seeing buyers building their market share via acquisition and sellers seeking to cash in at the top of their value.

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Housing market inventory is starting to recover

Housing Wire

Housing starts jumped in March, recovering from a bleak February that included wild winter storms in the South, according to a recent report from the Census Bureau. Single-family housing starts rose 15.3% over the month to a pace of 1.24 million annualized units. That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was t

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