Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Over the past year, the value of the U.S. rise in the average value of U.S. homes over the year also played a small role.

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Housing Market Marketing Inventory Finance 511

Housing Wire

OCTOBER 24, 2023

Features of the new RealScout Pro+ include Auto Nurture, Home Value Alerts and market activity alerts. The two seller or future seller nurture features in the RealScout Pro+ launch include Home Value Alerts and market activity.

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Sellers Home Value Client Relationships Agents 329

Housing Wire

SEPTEMBER 23, 2021

The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO). CoreLogic based the report off of public record data for mortgaged residential properties that have a current estimated value. million homes. billion or 6.6%

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Home Value Mortgage Investing Marketing 545

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. homeowners with outstanding mortgages, or some 63% of all homes, equity tied up in real estate jumped by 6.8%

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Investing Renovations Tools Real Estate 311

Housing Wire

AUGUST 8, 2023

Plunk , an AI-powered home analytics platform, has introduced a new tool called Plunk Pro that aims to transform the real estate market by offering real-time insights into home valuation, risk assessment, and remodeling possibilities.

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Tools Valuation Real Estate Home Value 368

Housing Wire

AUGUST 8, 2023

Validate Validate is an innovative, digital, borrower-driven mobile app that provides fast, easy, reliable and objective property valuations for home equity lending.

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Valuation Lending Mortgage 317

Housing Wire

SEPTEMBER 19, 2023

You’ve found a house for your buyer or a buyer for the home you’re selling. A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage.

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Housing Wire

MARCH 19, 2021

Determining the value of a home depends on both art and science. But big data has a deeper value than just estimating today’s property values. Housing data can be used to evaluate ongoing risks that could impact not only future property values but also the cost of maintaining and perhaps repairing properties. .

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Real Estate Agent Real Estate Insurance Investors 517

Housing Wire

MARCH 8, 2024

million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones. Canadian homes in recently flooded areas posted lower values. average, according to estimates from the Insurance Information Institute. In the U.S.,

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Insurance Mortgage Housing Market Buyers 391

Housing Wire

APRIL 22, 2024

He was tasked with adding “value to the consumer in the homeownership experience“ while increasing sales volumes and revenues, he said. Ohio-based CCM, which acquired Amcap Home Loans earlier this year, claims it originated $31.6 billion last year, according to Inside Mortgage Finance (IMF) estimates. billion in loans in 2023.

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Retail Mortgage Loan Officers Real Estate 335

Housing Wire

FEBRUARY 2, 2024

The people who have run Fairway’s Wholesale Department are some of the most talented, humble people in the business and will be a huge value add at their next mortgage home,” Fairway CEO and founder Steve Jacobson said in a statement. “We billion in mortgages in 2023, ninth-most in America, according to IMF estimates.

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Housing Wire

JANUARY 13, 2022

The lawsuit, filed in 2011 in the Circuit Court of Ohio County, West Virginia, claimed that the nonbank lender wrongly influenced home appraisal values during the financial crisis. But they claim that Quicken Loans influenced appraisers to raise their home values and originate higher loans. Supreme Court’s ruling.

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Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

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Housing Market Renovations Marketing Retail 375

Housing Wire

NOVEMBER 21, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency mortgages for non-owner-occupied homes. The announcement, made via social media by Mike Fawaz, executive vice president at Rocket Pro TPO, states that for new locks as of Nov.

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Finance Investing Clients Mortgage 382

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. They felt that way because of sales they saw on Zillow that appeared to be comparable and sold for less than my opinion of the market value of the property I appraised. Is this misleading? with 1,100 sq.

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Appraisal Market Value Real Estate Clients 406

Housing Wire

MAY 10, 2023

Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. At that point, Home Point said it would manage its balance sheet and mortgage servicing rights ( MSR ) portfolio. Mr. Cooper had 4.1

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Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

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Lending Inventory Mortgage Finance 446

Housing Wire

APRIL 18, 2023

Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. However, low-income households spend an average of 19 years in their homes, compared to 15.8

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Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Hometap, as an investor, provides cash in exchange for a share of their home’s future value.

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Investing Real Estate Agent Marketing Real Estate 346

Housing Wire

JUNE 28, 2023

Cooper Group has extended the deadline of its tender offer to acquire Home Point Capital ’s outstanding shares, the company announced on Wednesday. The tender offer is part of Mr. Cooper’s agreement to acquire Home Point Capital, which also includes the payment of $324 million in cash. of the outstanding shares.” Mr. Cooper had 4.1

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Sellers Government Mortgage Business 262

Housing Wire

OCTOBER 20, 2022

A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Instead, they are reverting to average purchase discounts prior to the pandemic, when home price appreciation averaged about 5% annually between 2015 and 2019. “I Price Correction Risk by Region.

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Buyers Housing Market Marketing Investors 422

Housing Wire

FEBRUARY 25, 2021

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 377

Housing Wire

OCTOBER 15, 2020

StreetEasy , a real estate platform for buying, selling, and renting homes across New York City and New Jersey, has launched StreetEasy Valuation, an AI-powered home valuation tool. Estimates are viewable by owners only, and availability is subject to sufficient data for a given home, StreetEasy said.

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Valuation Tools Market Value Real Estate 363

Housing Wire

NOVEMBER 2, 2023

New York-based digital lender Better Home & Finance Holding Company launched Better Insurance to allow customers to shop for homeowners insurance through a fully digital platform. But ultimately, we think that this is just going to be something that will make it a naturally more convenient process for that home insurance shopper.”

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Insurance Finance Mortgage Real Estate 373

Appraisal Buzz

JUNE 23, 2022

Equity Valuation Partners (EVP), a provider of home value services, valuation tools and property value data for the real estate industry, has launched Inhabet , a one-stop platform that empowers lenders to generate their own compliant estimate of value for residential and commercial real estate (CRE) properties.

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Valuation Mortgage Real Estate Home Value 195

Housing Wire

FEBRUARY 1, 2024

Sources said that NewRez had engaged in merger-and-acquisition talks with at least one large independent mortgage bank to sell its retail division, still known to some in the industry as Caliber Home Loans , but a deal did not materialize. We’re committed to retail,” the NewRez executive said in a conversation with HousingWire on Thursday.

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Retail Loan Officers Business Real Estate 405

Appraisal Buzz

MAY 31, 2021

A husband and wife requested a bank appraisal to refinance their Jacksonville, Florida home. Only the wife was at home to greet the appraiser when they arrived to inspect her home. When the couple received the final appraisal report of their home’s value, they were shocked! Let’s unpack this situation….

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Valuation Appraisal Real Estate Insurance 370

Appraisal Buzz

AUGUST 4, 2022

Home Equity & Underwater Report, which shows that 48.1% were considered equity-rich in Q2, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50% of their estimated market values. ATTOM has released its Q2 2022 U.S. of mortgaged residential properties in the U.S.

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Mortgage Market Value Appraisal Marketing 195

Housing Wire

MAY 12, 2022

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. The portion of mortgaged homes that were equity rich rose from 41.9% About 44.9% in the fourth quarter of 2021 and from 31.9%

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Supply Chain Housing Market Market Value Buyers 454

Housing Wire

FEBRUARY 19, 2024

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years. They were scheduled for foreclosure auction nearly four times (3.8)

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Real Estate Property Taxes Insurance Government 414

Housing Wire

APRIL 19, 2023

Accessory dwelling units, or ADUs, saw a surge in popularity during the pandemic, when rock-bottom interest rates stoked the skyrocketing interest in adding elbow room for everything from home offices to fully appointed living spaces. But the pandemic is now over and interest rates are way up. So, what’s happening with ADUs now?

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Buyers Real Estate Construction Finance 352

Housing Wire

OCTOBER 27, 2020

Asteroom, a smartphone-based provider of mobile 3D home tours for real estate professionals, has announced a partnership with Berkshire Hathaway Home Services Fox & Roach which gives agents access to Asteroom ’s 3D tour technology, image enhancement and 3D virtual staging capabilities. Homesnap rolls out Sell Speed.

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Real Estate Realtors Agents Technology 453

Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate? But that is not correct.

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Appraisal Development Finance Lending 365

Housing Wire

JANUARY 9, 2023

Home price correction likely nationwide and in majority of markets. Foreclosure auction buyers on the Auction.com platform purchased at an average discount of 29% below estimated “as-is” market value in the fourth quarter of 2022, up from 23% in the third quarter and up from a pandemic low of 9% in the first quarter of 2021.

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Retail Sellers Buyers Market Value 455

Appraisal Buzz

FEBRUARY 24, 2022

The Consumer Financial Protection Bureau (CFPB) recently outlined options to ensure that computer models used to help determine home estimates are accurate and fair. When underwriting a mortgage, most lenders require an appraisal, which is the estimated value of the home.

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Valuation Appraisal Business Mortgage 195

Cleveland Appraisal Blog

MAY 26, 2023

They had hired the former real estate professional to value their property for the purpose of a divorce. They had to pay twice to have their property valued. Because in both instances, they first had their homes valued by real estate agents, not appraisers. Most good agents do a lot of work when pricing a home.

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Appraisal Real Estate Agent Real Estate Agents 302