Housing Wire
APRIL 2, 2021
Should you or shouldn’t you downsize? If you’re a homeowner , this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore, you might want to consider purchasing something smaller – or even renting. Besides cutting costs, downsizing has additional benefits.
The Appraiser Coach
MARCH 30, 2021
I was recently asked by a newbie in real estate appraisal how much I think a new real estate appraiser should charge. Many new appraisers and trainees want to get. Read More.
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George Dell
MARCH 31, 2021
Postpone appraisal modernization. We can do that later. Why? Change and improvement should, normally, come from a profession. When a profession fails to bring improvement, eventually consumers/clients press for change. That’s what seems to have happened. The two largest consumers of appraisals now have pressed for change. Fannie Mae and Freddie Mac have realized the […].
GoForrmz
APRIL 2, 2021
Easily collect feedback with digital evaluation forms and online form sharing From student progress reports to customer surveys, digital (and online ) evaluation forms simplify the collection of important feedback. Your digital evaluation forms can be easily digitized for use on phones, tablets, and computers, requiring no code or IT support to get started.
Housing Wire
MARCH 29, 2021
The U.S. forbearance rate is officially below 5% for the first time in a year. Servicers’ forbearance portfolio volume fell nine basis points last week to 4.96%, according to a survey from the Mortgage Bankers Association. Since October, the percentage of portfolio loans in forbearance hovered between 5% and 6%, the longest a percentage range had held since the survey’s beginning as continuous extensions gave homeowners more time to postpone payments.
Raleigh Realty
MARCH 31, 2021
What Does Contingent Mean in Real Estate? When searching for a home for sale, you may have encountered a variety of different sales statuses online including contingent real estate listings. Beyond just “for sale” and “closed,” you may have also seen other common sales statuses such as “pending” or “contingent.” These phrases indicate where in the sales process the home is in.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
GoForrmz
MARCH 29, 2021
Digital Lockout Tagout (LOTO) forms improve visibility into job site safety procedures and help to safeguard teams working with hazardous energy Clearly communicating LOTO procedures is critical when working with machines and equipment that could expose workers to hazardous energy. For example, teams working with wiring, wind turbines, or conveyer systems could all be exposed to hazardous situations if preventative steps are not carefully taken.
Housing Wire
APRIL 2, 2021
After three months of mediocre gains , the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry.
Raleigh Realty
MARCH 29, 2021
Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.
JMV Lending
APRIL 2, 2021
APPRAISAL COMES IN LOW We had an appraisal come in slightly under contract price this week. What made it a surprise was the fact that there seemed to be ample comparable sales to support the value (unusual in this market, to say the least). So, when the appraisal came in low, both agents, the seller […]. The post Appraisers Can’t Push Values; Must Avoid Reviews/Cuts appeared first on JVM Lending.
McKissock
MARCH 30, 2021
In 1980 I attended a new ERA Real Estate franchisee orientation in Kansas City. In my welcome tote bag was a cardboard slide rule type device called a Home-Rule ® , subtitled “Residential Real Estate Sales Price Computer.” How did the Home-Rule work? Back then “computer” apparently had kind of a different interpretation. It was a simple device with step-by-step instructions printed right on it.
Housing Wire
MARCH 31, 2021
After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) and West (96.9) in February, while the South and Midwest also experienced declines but managed to st
Riverfront Appraisals
APRIL 2, 2021
If you’re new to our blog, let me first say ‘Welcome!’ If you’re a regular reader, then ‘Thank You!’ Either way, I’m happy you’re here, reading this post. This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. But don’t let the name fool you. Even though we’re […]. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals.
Empire Appraisal Group
APRIL 1, 2021
Does Light Rail Access Increase Property Values? Source: Does Light Rail Access Increase Property Values? | YPN – Young Professionals Network. By Neil Goradia. It has long been a common perception that access to light rail in any market will improve the value of a house, particularly in the eyes of an investor. As an investor myself, I am always looking for a way to bump up my returns, so I decided to take the time and dig a little deeper.
GoForrmz
MARCH 31, 2021
Rapidly collect healthcare data using HIPAA-Secure digital forms equipped with these five features. “ GoFormz has been extremely valuable within The CARE Method Program, which is our Dementia Intervention Program. We’ve found that there are no other programs or tools of this nature being used in this capacity to provide stabilization for dementia patients. ” — Terri Abelar, CEO, Aging Solutions.
Housing Wire
APRIL 1, 2021
The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. In a Thursday compliance bulletin, the CFPB said it will monitor how servicers work to prevent a wave of foreclosures from occurring this fall. “Unprepared is unacceptable,” the Bureau said.
Working RE
MARCH 31, 2021
“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Institutional Memory and Appraiser Firms by Richard Hagar, SRA Institutional memory, having “old farts” […].
McKissock
MARCH 29, 2021
In real estate, especially in a crowded market, the key to success is setting yourself apart from your competition. And there are many ways in which to do this. You just have to know what sets you apart from other agents in your area. Last month (February), we asked our CE Plus members , “What differentiates you from other agents?” Here’s what they had to say.
Valuation Review
MARCH 29, 2021
JLL said Gilda Perez-Alvarado has been promoted to global CEO of its Hotels and Hospitality Group to succeed Mark Wynne-Smith, who will continue as global CEO of valuation advisory, the company announced. Read on to learn more.
Housing Wire
MARCH 30, 2021
The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. On March 4, the CFPB released a notice of proposed rulemaking to delay the compliance date for the QM Rule until Oct. 1, 2022 and opened up a comment period.
Working RE
MARCH 28, 2021
“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Solar: The Future Is Bright by Mark Buhler, Certified Residential Appraiser at CMP Appraisals […].
McKissock
APRIL 2, 2021
The CFPB reverses several temporary pandemic flexibilities put in place last year to protect consumers. A record-breaking 39.2% of homes sold above list price in March, with San Jose, Sacramento, and Salt Lake City among the top real estate markets driving the all-time high. A new report finds that online auctions reduce REO holding times by 52%. Dustin Harris (a.k.a.
Valuation Review
MARCH 29, 2021
The Data and Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. The January report looks back on 2020 origination volumes as well as at rate lock data from Black Knight’s Secondary Marketing Technologies division to get a sense of how the market is faring as rates begin to rise.
Housing Wire
MARCH 30, 2021
It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score.
Dart Appraisal
APRIL 2, 2021
Dart appraisal Discusses Uniform Standards of Professional Appraisal Practice and Value Approaches. Periodically, Dart Appraisal will receive inquires regarding the approaches to value and when they are or are not applicable. As most industry participants know, there are three typical approaches to value in an appraisal report: Cost Approach, Sales Comparison Approach, and Income Approach, summarized as follows: Cost Approach – The current cost of reproducing or replacing a building, minus an e
BiggerPockets
MARCH 31, 2021
Anything over 100 units tends to scare many investors, especially rookie investors. How do you even get to 100 units when it’s already challenging enough to get one? That answer […].
Valuation Review
MARCH 29, 2021
The CoreLogic Loan Performance Insights report features an interactive view of the company’s mortgage performance analysis through December 2020. The report found a slight rise in the percentage from November regarding the national delinquency rate. Read on to learn more.
Housing Wire
MARCH 31, 2021
Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021. Purchase activity is up 6% year-over-year, with the unadjusted purchase index 39% higher than the same week one year ago.
McKissock
MARCH 31, 2021
Step aside, Millennials. There is a new generation in town. Generation Z homebuyers are poised to enter the real estate market. Generation Z, also known as the “Net” or “Digital” generation, comprises those born from about 1996 to 2010. The oldest among them are now in their twenties, and many are starting to enter the housing market for the first time.
BiggerPockets
MARCH 30, 2021
Just like many investors and homeowners, I was recently considering refinancing a rental property I own. After submitting my application, I received a table of rates available to me. I […].
Valuation Review
MARCH 29, 2021
The share of mortgage lenders expecting profit margins to decline in the months ahead increased for the second consecutive quarter. There is an even greater share of lenders now expecting profit margins to decrease in the months ahead, according to Fannie Mae’s Q1 2021 Mortgage Lender Sentiment Survey. Read on to learn more from the survey.
Housing Wire
MARCH 30, 2021
Home price indices are valuable tools to help lenders understand trends and changes in the housing market. Last year, the industry relied on data more than ever before, and learned a lot about how data and analytics can quickly, safely and securely ensure consistency in markets. Data and analytics can also enhance a lender’s arsenal of tools in identifying risk and opportunity.
Eppraisal
APRIL 2, 2021
Investing in real estate has become a hobby for some but a serious proposition for others. With money being inexpensive to borrow right now as interest rates remain low, more consumers are being bitten by the bug. For those who want the income from investing in real estate but don’t have the time or knowledge to be a landlord, that’s where a professional property manager comes in.
BiggerPockets
APRIL 1, 2021
This month on BPInsights, we found the 10 U.S. real estate markets where rents increased the most in 2020. We also dove into interest rate and explored the wealth-building opportunities hidden in dying malls.
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