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

Housing Wire

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 425
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New American Funding partners with EasyKnock on sale-leaseback program

Housing Wire

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. If the home value appreciates, customers get to keep the difference. Licensed in Washington, D.C.

Tenants 327
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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

Few loan officers make the purchase product a main part of their business. Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. Real estate agents, loan officers and builders can attract customers they have never captured before.

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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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Millions will enter housing market in 2021: Zillow

Housing Wire

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S.

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What’s an appraisal gap? Here’s what buyers and sellers should know

Cornerstone

Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Lean on your loan officer for guidance. Reading Time: 3 minutes.

Sellers 57
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Working with buyers in the nation’s hottest housing market

Housing Wire

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. In fact, Austin has just about 1.2 months of supply, and has seen a 19.7%