Housing Wire

DECEMBER 31, 2020

Jeff Tucker Zillow Senior Economist. This is the fourth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel. The 2021 housing market forecasts have focused on everything from home prices to mortgage rates. In this installment, HousingWire interviewed Jeff Tucker, senior economist at Zillow , on his forecast for next year.

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Miller Samuel

DECEMBER 28, 2020

I recently completed a quick interview with Stuart Elliott , Editor In Chief & CEO at The Real Deal who asked me questions with a uniquely mellow intensity. The Real Deal is required reading for anyone in the real estate profession or interested in real estate. Fun. The post TRD Quick Question: Jonathan Miller "What's Happening in the NYC Real Estate Market?

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The Robert Weiler Company

DECEMBER 21, 2020

When you spend your whole life on the football field, it is hard to imagine yourself in an entirely different career. For Mike Doss, after he retired from the NFL, his future path was unclear. What role would be the best fit for his skill set? Mike decided that a job in sales was his best option; then Bob and Skip Weiler came along. Mike met Bob and Skip in the Fall of 2019, and there was an immediate mutual interest.

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DW Slater Company

DECEMBER 23, 2020

A Christmas Wreath in Texas. We at the DW Slater Company want to send you our warmest wishes during this season. We know that this will look different for all of us as we try to stay safe. We have a large family of seven kids and this is always a special time, however, this year will be different for us. May you enjoy special time with family and friends, in whatever way it will be for you this year.

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McKissock

DECEMBER 22, 2020

Real estate is one of those careers where flexible jobs mean the possibility to fast-track your earnings and make millions in the early stages. Real estate professionals don’t earn a salary — which can sometimes work out to their advantage because if you know how to earn money in real estate you can earn a lot of it. Of course, it doesn’t always work out like that.

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Robinson Appraisal Group

DECEMBER 15, 2020

Along with the rest of the world appraisers have had to adapt to all things Covid. Being in an industry where you are entering into homes, being in one another’s personal space and typical interaction has become alarmingly apparent of risks and uncertainty. Appraisers from the beginning of our national lock down were considered essential to continue the momentum of an economy that looked to be headed toward very unstable ground with the shock of the unprecedented closings and shut downs.

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Glascock Company

DECEMBER 11, 2020

If you are looking to sell your property, you’ve probably wondered whether to list it for sale by owner (FSBO) or through a realtor. While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.

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Advanced Appraisal

DECEMBER 24, 2020

Chicago and South Suburban Appraisal Blog 12/24/2020

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Midtown Appraisal Group

DECEMBER 29, 2020

When valuations don’t reflect the money the homeowner spent I hadn’t been an AACI for very long when it happened: I was doing an inspection of a pretty standard, older 3-bedroom bungalow outside of Hamilton, and the homeowner insisted I see the master bathroom first. “You have to see this!” he said, leading me toward […].

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McKissock

DECEMBER 20, 2020

In the competitive world of real estate, a strategy that is vital to your success is making your client’s property stand out among the other properties on the market. In order to do this, homeowners may have to make renovations to the interior or exterior of their property. However, they are often working with limited budgets, which means that they need to focus on the most cost-effective renovations that will produce the greatest return on their investment.

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National Association of Realtors

DECEMBER 16, 2020

Understand home value, learn details about the appraisal process, borrowers rights, and more. Use this resource to become an informed home buyer.

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Housing Wire

DECEMBER 17, 2020

The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 3 and is the first time the survey has witnessed it fall below 2.7%. “The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months,” said Sam Khater, Fred

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PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market.

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Property Metrics

DECEMBER 18, 2020

The development spread is a back of the envelope calculation widely used by real estate developers. It is a fast and easy way to size up the financial feasibility of a real estate development project, prior to completing a more in depth analysis. In this article we’ll take a closer look at the development spread and walk through an example of how it is used in practice.

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Dart Appraisal

DECEMBER 15, 2020

AQUISITION OF USAMC. TROY, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) — Dart Appraisal, a nationwide appraisal management company (AMC), announced that it has acquired USAMC, a nationwide appraisal management company based near Atlanta, GA. This acquisition accelerates Dart’s overall growth strategy and builds upon the previous acquisition of Atlanta-based Valuation Management Group in 2018.

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McKissock

DECEMBER 29, 2020

McKissock Learning is excited to announce that we’ll be hosting a three-part series of “Appraisal Math” webinars, presented by Dr. Sam Martin. Beginning with the first session on Wednesday, January 13, 2021 , these one-hour, non-credit Pro-Series webinars will focus on solving math problems similar to those found on the National Appraiser Licensing and Certification Exams.

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Listing Spark

DECEMBER 9, 2020

One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees). This could easily differ from state to state, but we find most markets in Texas tend to be similar.

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Housing Wire

DECEMBER 17, 2020

2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. Incredibly, next year’s housing market outlook is poised to be much stronger.

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Willowbrook Valuation

DECEMBER 8, 2020

Over the last several months, this blog series has outlined the impact of COVID-19 on various property types across the country. As you might expect, it was difficult to find reasons for optimism for some industries in such an uncertain time. Luckily, that’s all behind us! In this blog, we discuss the shining star of […]. The post Assessing the Impact of COVID-19 on: Warehouses appeared first on Willowbrook Valuation & Advisory Services.

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Property Metrics

DECEMBER 4, 2020

The retail banking system operates on a fundamental promise between the bank and the customer. The customer opens an account and deposits money in it with the expectation that the bank will continue to stay in business and that the funds will be available for withdrawal when needed. But, history tells us that this isn’t always the case. Throughout history, there is a long list of notable bank failures, the largest of which occurred in 2008 when Washington Mutual collapsed with $307 billion in a

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PennyMac

DECEMBER 29, 2020

When you refinance your home, the process is similar to the one you followed when obtaining your original mortgage. Your finances will be verified and calculated, and your home will be appraised to determine its value to your potential lender. However, PennyMac also has many streamline products that don’t require income or asset verification. There are also products that do not require an appraisal.

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McKissock

DECEMBER 8, 2020

So, you’re interested in becoming a real estate appraiser. But how do you know if you’re a good fit for the appraisal profession? What does it take to achieve success in the industry? To help answer these questions, we’ve outlined eight characteristics of a successful real estate appraiser. If you possess all or most of these personality traits, chances are, you’d make an excellent appraiser.

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AmeriMac

DECEMBER 27, 2020

Did you know the employment rate for a real estate appraiser has doubled overall in recent times? Not only that, but it is expected to increase by 3% between 2019-2029 ! This means real estate appraiser is one of the most sought out jobs. Are you interested in this career? Are you tired of sitting behind the desk all day? If so, you probably wish to do something out in the world.

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Housing Wire

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion.

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Listing Spark

DECEMBER 23, 2020

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . Here is the breakdown across Austin, San Antonio, Houston and Dallas/Fort Worth. Austin. Median Sales Price: $365,000 (up 19%) Closed Sales: 3,397 (up 23%) Average Days on Market: 33 (Down 29 days from this time last year) 2,842 Active Listings (Down 55%) 3,629 Pending Sales (Up 23%) 0.9 Mon

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REX Real Estate

DECEMBER 28, 2020

Atlanta is known for many things: its southern hospitality, diverse musical heritage, and ‘the…

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PennyMac

DECEMBER 23, 2020

On December 16, 2020, the U.S. Federal Reserve announced that its benchmark interest rate would continue to stay at the historically low range of 0.00% to 0.25%, where it has been held since the board’s initial groundbreaking decision on March 15, 2020, in reaction to the onslaught of the coronavirus pandemic and its grip on economies worldwide. *.

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McKissock

DECEMBER 11, 2020

When real estate agents provide relevant comparable sales to appraisers, it certainly benefits both parties. Agents can ensure that appraisers are reviewing comparables that match their properties and, hopefully, meet the seller’s desired price. Additionally, while appraisers still must verify the information, it can save them time. Here are some dos and don’ts to follow as agents and appraisers work together on establishing comps for appraisal properties.

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Miller Samuel

DECEMBER 28, 2020

The New York Times got the market nuances right in their epic end of year The Real Estate Collapse of 2020. And including epic charts makes it even better. I noticed that the Streeteasy median rent chart used in the piece, adjusted for inflation but doesn't include concessions, shows the same pattern as my recent chart in Bloomberg. That drop in rent is gigantic anyway it is presented.

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Housing Wire

DECEMBER 14, 2020

What a crazy year we have all been through. Last year, I visited Japan, London, Puerto Rico, Oregon and Las Vegas twice. This year I had fewer visits than that to my local barber and I was ecstatic to be there. This was the year we relearned to appreciate small things. Adventure and excitement were out, and safety was in. On the economic front, COVID-19 was the mother of all exogenous shocks.

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Housecall

DECEMBER 9, 2020

Great Tips! Every little bit that seller can do to help in the valuation is extremely important!

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REX Real Estate

DECEMBER 7, 2020

Deciding whether to buy or rent is a decision most people have to make…

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AmeriMac

DECEMBER 10, 2020

If you’ve been doing some reading around the real estate world, chances are you’ve seen the word ‘AMC’ somewhere. But do you know what this means? Whether you’re a commercial real estate agent or a residential one, you’re going to greatly benefit from utilizing an appraisal management company (AMC). But before signing off with an appraisal management company, it is essential you know why real estate brokers need them.

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McKissock

DECEMBER 18, 2020

The 2020 housing market will end the year as the highest performing sector of the U.S. economy. Next year’s 2021 housing market will remain strong as the economy recovers from the COVID-19 recession. The Mortgage Technology sector is growing rapidly, modernizing and digitizing what has traditionally been a fragmented and heavily regulated market.

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