Housing Wire

FEBRUARY 23, 2021

We may never again see a year like 2020. That’s somewhat somber news for the lenders who benefited from a series of downright strange conditions to generate more refi business than anyone in March could have imagined. Both Fannie Mae and Freddie Mac reported that refis made up about 70% of their mortgage activity in 2020, and, driven by weeks upon weeks of record low mortgage rates, refis accounted for 51% of all the volume LO’s funded in Q4, soaring 158% from the same period in 2019.

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Miller Samuel

FEBRUARY 24, 2021

As I've chronicled in the Appraiserville section of my Housing Notes newsletter since 2016, the scale of bureaucratic self-dealing of the executive committee and some members of the board of directors is breathtaking. Over the past decade or more, AI National has been able to keep a lid on the membership backlash by threatening to remove a member's credentials for speaking out.

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DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021. Millennials are Different Than Their Predecessors. Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest G

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Inventory Buyers Construction Supply Chain 174

Yolo Solano Appraisal Blog

FEBRUARY 25, 2021

Are you familiar with the Freddie Mac House Price Index? Go take a peek. Freddie Mac House Price Index The FMHPI is your friend. The index reports monthly change in house prices for national, state, and metropolitan statistical areas (MSAs). The data series starts with January, 1975 and usually runs two to three months behind […].

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Housing Wire

FEBRUARY 22, 2021

During breaks in nearly every televised basketball game, it’s there: Tracy Morgan imploring pensive homebuyers “pretty sure” is not enough, and that they can only be certain about their giant life choice with Rocket Mortgage. “Find the right mortgage with a local broker and Rocket technology,” intoned the narrator on the commercials, which premiered during the Super Bowl.

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Appraiserblogs

FEBRUARY 26, 2021

As I’ve chronicled in the Appraiserville section of my Housing Notes newsletter since 2016, the scale of Appraisal Institute bureaucratic self-dealing of the executive committee and some members of the AI Board of Directors is breathtaking. Over the past decade or more, AI National has been able to keep a lid on the membership backlash by threatening to remove a member’s credentials for speaking out.

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Midtown Appraisal Group

FEBRUARY 23, 2021

If you’re like many Canadians, you’ve grown up thinking that one day, you’d be buying your own home. It seems like a pretty normal thing to do – until you’re actually doing it for the first time, yourself.

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Housing Wire

FEBRUARY 24, 2021

For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% in January, according to data from Black Knight on Wednesday. At the current rate of improvement, the data giant estimates 2.1 million borrowers remain 90 or more days past due though are not yet in foreclosure. While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels.

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Appraiserblogs

FEBRUARY 24, 2021

If we value higher, what about affordability?… A great deal of economic, social, and political talk has been around affordability of housing. To explore this topic, it may be helpful to ask some questions. Good policy starts with the right questions. In simplest terms, some people have the resources to have nice homes in nice neighborhoods, others have just tolerable homes for shelter.

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DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021 Millennials are Different Than Their Predecessors Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest Gen

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Inventory Buyers Construction Supply Chain 78

Empire Appraisal Group

FEBRUARY 25, 2021

Why Aren’t Homeowners Selling? Lots of Good Reasons. Source: Why Aren’t Homeowners Selling? Lots of Good Reasons | Florida Realtors. In 2010, owners stayed for 8.7 years; in 2020, it was 13 years. Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down. NEW YORK – Housing market inventory remains tight as homeowners hold onto their homes longer.

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Housing Wire

FEBRUARY 25, 2021

Rocket Companies , the parent company of Rocket Mortgage , cleared another $2.48 billion in profits during the fourth quarter, giving the nation’s biggest mortgage lender a total of $9.5 billion in profits for 2020. Rocket originated $107.2 billion in mortgages, with net rate lock volume of $96 billion in the fourth quarter, the company disclosed in a filing with the Securities and Exchange Commission.

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Mortgage Real Estate Agent Technology Real Estate 431

BiggerPockets

FEBRUARY 26, 2021

This week’s question comes from Cory on the Real Estate Rookie Facebook Group. Cory is asking: Owner financing would buy me some time to get the property rented and cash […].

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Finance Real Estate 69

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021. Millennials are Different Than Their Predecessors. Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest G

Inventory 78

Inventory Buyers Construction Supply Chain 78

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. In fact it’s been quite the opposite. We are still seeing historically crazy numbers across the board. Indicating that not only are we firmly planted in a seller’s market, but a historically crazy seller’s market.

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Real Estate Marketing Inventory Sellers 69

Housing Wire

FEBRUARY 22, 2021

Josh Team is out as president of Keller Williams , a few months after what appeared to be a promotion. Team wrote on his personal Facebook page Monday that, “I’ve decided to move on to my next opportunity from Keller Williams. In conversations with Gary, Carl, and the team we all mutually agreed to a plan where I’ll be helping in the transition over the next couple of weeks.”.

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Real Estate Agent Brokerage Real Estate Advertising 419

BiggerPockets

FEBRUARY 22, 2021

Welcome to episode 173.5! Yesterday you heard from Brent, a former registered nurse who paid off over $100,000 in debt and started a mobile pizza truck! Brent’s original interview was […].

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On Q Financial

FEBRUARY 22, 2021

Buying a home is one of the most significant financial decisions of one’s life. As a result, buyers should want to find any ways to save on the final price tag. One of the most influential factors on a house’s price tag is when you choose to buy. What factors should you consider when buying a home? To ensure you buy your next home at the right time, you may want to consider everything that can affect the home price.

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Real Estate Agent Inventory Sellers Finance 68

McKissock

FEBRUARY 26, 2021

Is it time to take the next step in your appraisal career? A license upgrade can give you a much-needed advantage in the local market and offer you greater control over your fees and more stability in your work. Recent survey data shows that a higher license level means more money and more choices for the assignments you decide to take on. If you’re thinking about upgrading your appraisal license, why wait?

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Appraisal Real Estate Development Marketing 56

Housing Wire

FEBRUARY 22, 2021

Compass wants to make a big splash in the nation’s smallest state, and it’s fueling intrigue and apprehension in a close-knit brokerage ecosystem. The New York City-based company announced in January they acquired Lila Delman Real Estate , a Newport, Rhode Island-based brokerage that has been around since 1964 specializing in the grand mansions that dot the state’s seashore.

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BiggerPockets

FEBRUARY 20, 2021

The BiggerPockets podcast has quite a diverse group of guests that come on the show. We’ve had writers, speakers, businesspeople, and actors, but this may be the first rapper we’ve […].

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On Q Financial

FEBRUARY 22, 2021

[link]. On Q Financial president and founder, John Bergman joined HousingWire CEO Clayton Collins to discuss lenders’ responsibility to the communities they serve. John explained how the Dream is Inclusive is On Q Financial’s vision, and giving back enables us to make that vision a reality! Our Mortgages Simplified motto means removing as many barriers to homeownership as possible by making the process faster and simpler.

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Mortgage 44

McKissock

FEBRUARY 21, 2021

Inheriting a house is likely to be one of the greatest gifts you can ever receive from a loved one or family member. However, receiving such a gift can sometimes come with its fair share of expenses and other headaches. Specifically referring to things like the time and cost to maintain the property, as well as any taxes and levies that might come with it.

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Real Estate Agent Property Taxes Real Estate Legal 56

Housing Wire

FEBRUARY 26, 2021

As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud, and expect that trend to continue this year. HousingWire recently spoke with Jeffrey Morelli, General Manager of Truework Verifier, about what lenders can do to prepare for and overcome the growing threat of fraud and data inaccuracy. HousingWire: As we head into 2021, what are some challenges you foresee for lenders regarding employment verification?

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Lending Mortgage Business 406

BiggerPockets

FEBRUARY 22, 2021

There are often standard prerequisites for starting a company. First, you need to go get a degree for a certain field, then you need to find a job that is […].

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Real Quantum

FEBRUARY 24, 2021

Why 2021 is a Good Time to Start an Appraisal Business and How to Do It. I nterested in starting a commercial real estate appraisal business this year? The process of moving from employee to being your own boss may not be as complex as you think. So, with that in mind, let’s take a closer look. An Unexpected Boom in Business. Last year, the US suffered a stark rise in unemployment, primarily due to the effects of the pandemic, and plenty of North American states are suffering from its consequen

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Business Appraisal Legal Real Estate 38

McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Here’s a look at the most popular and highly-rated appraisal CE courses among our appraisal membership community over the past month.

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Housing Wire

FEBRUARY 25, 2021

Zillow is putting their money where their Zestimate is, at least to a point. The “Zestimate,” Zillow’s catchy ( and soapy ) name for estimated home values, will sometimes be used as the initial offer Zillow plans to pay to purchase a home, the company said on Thursday. Zillow’s own estimated home value is to guide the company on a “limited subset of homes” in 20 markets.

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Real Estate Agent Home Value Real Estate Loan Officers 396

BiggerPockets

FEBRUARY 22, 2021

In 2021, more of us than ever are working remote. But staying productive in the home office isn't always easy. Here, 9 pro tips to win at working from home.

Business 71

Business 71

Berkshire Hathaway

FEBRUARY 23, 2021

With home values forecasted to appreciate by about 5% this year it has some people concerned that we may be in another housing bubble and that that bubble is about to burst. Unlike what we experienced a little over a decade ago, there are multiple reasons why this market is completely different. So, don’t stress, we are here to ease your mind! First big difference is the housing supply is extremely sparse, which means if supply is low and demand is high, prices naturally increase.

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Home Value Inventory Real Estate Mortgage 36

McKissock

FEBRUARY 23, 2021

We’re excited to announce that two partners of McKissock Learning, Jeremias “JMan” Maneiro and Sherri Johnson , made it onto the list of RISMedia’s 2021 Newsmakers. RISMedia’s readers and editorial team nominated Maneiro and Johnson, as well as nearly 300 other real estate pros, in recognition of their success over the past year. Despite the challenges of 2020, they showed resiliency and initiative and managed to forge ahead and make headlines.

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Real Estate Training Tools Brokerage 52

Housing Wire

FEBRUARY 24, 2021

Digital notary startup Notarize is now offering free notarizations in an effort to eliminate racial covenants in title insurance documents. The issue came to light after real estate brokerage Windermere Real Estate earlier this month publicized the existence of title documents with racist language such as “no person or persons of Asiatic, African or Negro blood, lineage, or extraction shall be permitted to occupy a portion of said property” as well as “this property shall not be resold, le

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Law Real Estate Brokerage Contracts 394

BiggerPockets

FEBRUARY 23, 2021

Real estate agents and investors: Practice these successful negotiating techniques to close every sale and grow your portfolio. Start investing today.

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Real Estate Real Estate Agent Investors Investing 69

REX Real Estate

FEBRUARY 23, 2021

We love our furry friends, but they can do some serious damage when it…

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