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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Few loan officers make the purchase product a main part of their business. There is an incredible opportunity for growth,” he said. Why is this market underserved?

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

We in the industry are very hopeful that this will be an eye-opener, especially for real estate agents and builders to start recommending this product to clients more regularly.” Actual cash required may vary and is based on age of youngest borrower, interest rate, home value, and other factors.

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Zestimate to double as Zillow’s iBuying offer

Housing Wire

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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Buyside launches a new home valuation pages feature

Housing Wire

“According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

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Now is the time to cultivate strong borrower-lender relationships

Housing Wire

DG: For the past few years, homeowner engagement has been pretty basic — mostly apps focused on home value, home equity and market reports. This was fun to look at when home values were skyrocketing but is kind of depressing when the market starts to flatten or decline.

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Millions will enter housing market in 2021: Zillow

Housing Wire

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S. Presented by: Propertybase.

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A closer look at housing markets across the country

Housing Wire

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Augusta home sales this year varied due to events that happen every year such as the start of school leading to fewer sales, Kelly said. San Diego, California. Peoria, Illinois. “If