Housing Wire
JANUARY 18, 2021
As the calendar flipped to 2021, it didn’t take long for the rise in mortgage rates. Just two weeks into the new year, Freddie Mac reported that mortgage rates climbed 14 basis points to 2.79% , a dramatic contrast to 2020, a year in which mortgage rates set record lows 16 times. Economists across the housing industry believe the era of extreme low rates could be coming to a close, but the transition might be a slow burn.
Cleveland Appraisal Blog
JANUARY 21, 2021
Over the years, I have seen a lot of cracks. Big cracks, small cracks, long ones, and short ones. I’ve seen cracks of all different shapes and sizes. I should make it clear that I am not a crack expert. Before I go on, I should also make clear the type of cracks I am referring to. Settlement cracks! When performing an appraisal observation, appraisers must look for settlement issues and report on them.
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JMV Lending
JANUARY 20, 2021
Whenever an appraisal comes in under contract price, we work quickly to consider all options with both agents and buyers, and we can usually resolve appraisal issues within a day if everyone is responsive. Below are five of the options available when an appraisal comes in under contract price. 1. Rebut the appraisal. This approach […]. The post Low Appraisals – 5 Options When Appraisals Come In Low appeared first on JVM Lending.
Riverfront Appraisals
JANUARY 18, 2021
Hey friends! Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. In this blog post, we’re starting with the end. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection. We’ll briefly look at what a final inspection […]. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.
Housing Wire
JANUARY 18, 2021
Let’s face it, if you’re a first-time homebuyer, you have a lot of questions about the home-buying process. That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. Whether you’re a first-time homebuyer or this is your fifth house, it’s a good idea to use an agent to ensure you make a smart decision. .
Appraisal Hub
JANUARY 19, 2021
There are many reasons to have a home appraised in Toronto. Most people do this before selling their property, while others may want to refinance their mortgage. Whatever the case, a home appraisal can either be beneficial or disadvantageous depending on how you go about it. How Does a Home Appraisal Service Work? Property appraisers (often from appraisal firms in Toronto) pay a visit to assess the value of your home based on its condition, appeal, and surroundings.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Riverfront Appraisals
JANUARY 22, 2021
Hey y’all! Welcome to our special 2020 Year In Review blog post. This post will also be a special episode of the new Owensboro Real Estate Update Podcast. We are less than one week from our official launch, so be sure & subscribe to the podcast so you won’t miss out on any of our […]. The post Riverfront Appraisals 2020 Real Estate Year in Review appeared first on Riverfront Appraisals.
Housing Wire
JANUARY 18, 2021
2020 came, and with it COVID-19. Five weeks into the crisis, demand in the U.S. housing market bottomed and then after about nine weeks, began to climb again, with purchase applications making a full V-shaped recovery by early June. The housing bubble boys had those five glorious weeks when it finally looked like the market would succumb to their dire predictions of a housing crash.
Real Quantum
JANUARY 17, 2021
Realquantum Delivers Secure, Global Identity Management for Commercial Appraisers. KANSAS CITY – JANUARY 18, 2020. Realquantum , the commercial real estate valuation platform, announced it is deploying Auth0 , the software security platform, to protect its enterprise customers. Realquantum helps valuation and advisory teams eliminate tedious manual work and boost revenues 50% while helping them curate the best quality commercial property data available.
McKissock
JANUARY 18, 2021
We’re excited to announce the release of the 2020-2021 Appraisal Income Guide , the second annual Income Guide to be published by McKissock Learning. Inside the guide, you’ll find how appraisal income breaks down by license level, insights on career satisfaction, areas where top-earners excel, what’s ahead for the future of the appraisal profession, and much more.
PennyMac
JANUARY 20, 2021
Have you been keeping a close eye on today’s housing market? If the answer is “yes,” then you’re well aware that interest rates are at historic lows. But if you’ve been holding off for just the right moment until home prices and financing options meet miraculously in your favor, there’s really no reason to wait any longer.
Housing Wire
JANUARY 21, 2021
The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Mac ’s Primary Mortgage Market Survey. Now 12 basis points above the record low set Jan. 7 , rates more closely resemble those seen over two months ago. The 15-year fixed mortgage rate also shifted downward to 2.21 from 2.23 the week prior.
Real Quantum
JANUARY 19, 2021
WEBINAR |How to Include a DCF Model in Realquantum using Rockport VAL. January 27, 2021 | 11:00 AM CST. CATCH THE REPLAY. DURATION: 30 MINUTES. FORMAT: LIVE & INTERACTIVE. Agenda. Discounted cash flow analysis isn’t required in every appraisal, but when it is, the process for many appraisers is manual and tedious. In addition, data tends to be isolated in different locations.
McKissock
JANUARY 22, 2021
A major selling point for completing hybrid or bifurcated appraisals is that the appraiser will save a good deal of time by not inspecting the property, not taking photos of comparable sales, and not sitting in traffic. However, the notion that an appraiser could complete a hybrid/bifurcated appraisal in less than an hour is simply too good to be true.
AmeriMac
JANUARY 19, 2021
Selling or buying a house both require an appraisal to find the right cost of the property. Typically, the bank will order an independent appraisal to help ensure you loan your property’s true value. Now, if you’re refinancing your house, you’ll want the appraisal to be as high as possible. However, one thing homebuyers sometimes encounter is a low appraisal.
Housing Wire
JANUARY 22, 2021
After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. By 10:45 a.m. EST, it was trading at $11.65. UWM’s entrance to the public markets caps a wild six months for independent mortgage banks across America, in which a dozen large or mid-sized mortgage firms revealed plans to go public.
REX Real Estate
JANUARY 22, 2021
2020 was a year all of us will remember.
McKissock
JANUARY 19, 2021
As the real estate industry continues to evolve and the National Association of REALTORS ® updates its ethics standards to be more aligned with today’s current environment, there are a lot of questions about what the actual changes are and the implications of those changes. Join a virtual panel of real estate experts as we explore the changes and trends in ethical standards and the implications of those changes.
Cornerstone
JANUARY 19, 2021
Reading Time: 2 minutes. Download the infographic here. These are the highlights: The expert outlook on the 2021 housing market is optimistic. Mortgage rates are expected to stay low, and increased buyer demand is anticipated to spur more home sales and keep driving up housing prices. With such a competitive market, it’s smart to reach out to a local loan officer, prequalify early, and prepare to buy.
Housing Wire
JANUARY 21, 2021
After his inauguration Wednesday, President Joe Biden swore in Jenn Jones as the new chief of staff for the U.S. Department of Housing and Urban Development. Jones will replace former HUD Chief of Staff Andrew Hughes. She was among several senior appointees who took part in a virtual swearing-in ceremony at the White House led by Biden after the presidential inauguration earlier in the day.
Housing Wire
JANUARY 21, 2021
In a release on Thursday , the Urban Institute projected the future headship rate — the share of adults who are the heads of households — and the homeownership rate — the share of household heads who own their homes — through 2040. Per Laurie Goodman, Urban Institute vice president of housing finance policy, policymakers and thought leaders need to understand the trajectory of the homeownership rate — where it has been, where it is going, who it has benefitted, and who it has left behind.
Housing Wire
JANUARY 19, 2021
Fannie Mae ‘s latest forecast projects economic growth to hit 5.3% in 2021, an increase of 0.8 percentage points from what the government-sponsored enterprise projected last month. The forecasted growth is significantly more than the revised numbers for 2020, which Fannie Mae projects will end up as a 2.7% contraction. The company said the economy will see an especially strong uptick in the spring months, with the expansion of COVID-19 vaccination efforts and the warmer with Fannie Mae inc
Housing Wire
JANUARY 22, 2021
The following is an excerpt from an interview originally published by FinLedger with Rohan Amin, Chief Information Officer of Chase’s Consumer & Community Banking unit. The complete interview is available here. When the coronavirus pandemic hit in 2020, banks were among the many institutions moving quickly to adapt to all the changes that came with it.
Housing Wire
JANUARY 19, 2021
I saw a social media post recently by our local ‘mega-agent’ entitled: “Breaking News: Individual Real Estate agents added to Endangered Professions List!”. This post compares the individual real estate agent to “a tennis player using a wooden racket” or “a football player with a leather helmet.” The individual agent is on life support, it exclaims.
Housing Wire
JANUARY 20, 2021
Before you buy a home is you should first do some research. And not just research on the best down payment or neighborhood to live in – you should also search the right mortgage lender. . The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. The good news, it’s easy to find a mortgage lender. Due to the current boom in housing, lenders have ramped up their advertising, to stay competitive.
Housing Wire
JANUARY 20, 2021
As the U.S. rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. Though the pandemic is causing pain throughout the housing sector, it also creates an opportunity to enact common-sense industry reforms that address the root causes of the affordable housing crisis that has beset the market for over a decade — even amid a period of strong economic expansion.
Housing Wire
JANUARY 18, 2021
The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006. The market was growing; it was exciting; companies were fighting to increase market share; hope for the future was high. But that wasn’t the only acquisition Perkins had seen during her 17-year career. During her second acquisition in 2008, the story was much different.
Housing Wire
JANUARY 19, 2021
The U.S. forbearance rate fell nine basis points last week to 5.37% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association on Monday. While this decline may be the largest drop in forbearance share in the past nine weeks, it is only the second in that same time period – the first being on Dec. 14 when loans in forbearance fell six basis points to 5.48%.
Housing Wire
JANUARY 19, 2021
The Consumer Financial Protection Bureau issued a final rule Tuesday clarifying that supervisory guidance is not backed by the same force as law or regulation. First proposed in October 2020, the CFPB’s final rule codifies the statement, with amendments, that the Bureau and other federal financial regulatory agencies issued in September 2018, which clarified the differences between regulations and supervisory guidance.
Housing Wire
JANUARY 20, 2021
As 2021 unfolds, the real estate industry is still dealing with ongoing concerns introduced and exacerbated by the COVID-19 pandemic last year, leaving agents and brokers facing multiple challenges with their work. “There’s still a massive amount of buyers and not enough inventory,” said Tyler White, Senior Vice President of Operations at PropStream, a real estate data provider.
Housing Wire
JANUARY 22, 2021
Nearly three months after CoreLogic confirmed it was exploring multiple acquisition offers following the rejection of a hostile takeover bid, the data giant is now evaluating the final two bidders. Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet.
Housing Wire
JANUARY 21, 2021
www.century21.com. Century21.com attracts nearly 3 million users each month and generates about 500K leads for our franchisees. Our proprietary program tabulates views and the number of leads per listing and creates a report that agents and brokers can leverage win more online business and close more deals. #1. In 2020 , the CENTURY 21 ® brand continued to maintain the ”highest brand awareness” level among consumers presented with a list of real estate agencies; a trend we have upheld since 1999
Housing Wire
JANUARY 21, 2021
Taken from the December/January issue of HousingWire Magazine, Propy is making its splash in the real estate transaction process. Back in 2019, the National Association of Realtors announced it was backing HousingWire 2020 Tech100 Real Estate winner Propy, a Silicon Valley startup whose real estate software aims to automate real estate transactions and allows properties to be bought and sold in an automated digital process that includes the use of cryptocurrency.
Housing Wire
JANUARY 21, 2021
KCM Membership. Keeping Current Matters is the go-to source for real estate agents looking to simplify the market and maximize their marketing. Our robust suite of personalized content, powered by the latest housing data, helps you stand out as the market expert and saves you time to focus on what matters most: your clients. #1. Marketing Made Easy – stay connected and increase your sphere of influence with daily content that’s easy-to-share for social media and marketing campaigns. #2.
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