Housing Wire

DECEMBER 11, 2023

Today’s reality of affordability But imagine if Bob’s appraisal had been lowballed? As real estate agents , we have an opportunity to decode and interrupt unfair housing when it tries to rear its ugly head in our everyday operations, which can influence affordability for our neighbors. homeownership.

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Real Estate Agent Real Estate Agents Lending 476

Housing Wire

SEPTEMBER 19, 2023

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? 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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Real Estate Appraisal Agents Inspection 476

Housing Wire

APRIL 6, 2021

Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies. Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. She recently had a deal fall apart due to appraisal.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Sacramento Appraisal Blog

FEBRUARY 18, 2025

And it’s not just me because the overwhelming feedback from real estate agents and homeowners is that prices have really leveled off. Let’s talk […] The post Why Im calling the housing market flat first appeared on Sacramento Appraisal Blog. What words are you using to describe the market right now?

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Housing Market Real Estate Agent Marketing Real Estate 307

Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

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Appraisal Real Estate Agent Valuation Training 418

Appraisal Buzz

MARCH 31, 2025

The transaction is expected to generate $100 million in additional pre-tax revenue from higher recapture rates and attaching Rockets title, closing and appraisal services to Mr. Coopers existing originations. Transaction first appeared on Appraisal Buzz. The post Rocket to Acquire Mr. Cooper in $9.4B

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Clients Real Estate Finance Technology 407

Housing Wire

JANUARY 12, 2021

Appraisal software company Reggora today announced the completion of a $30 million Series B funding round, led by returning investor Spark Capital. “The appraisal industry is ready for innovation, and we are excited to be at the forefront of those efforts,” Zitin said. Presented by: Maxwell.

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Appraisal Real Estate Agent Real Estate Technology 482

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. Scenario 1: Your home appraises at your full offer price. Many times, the home appraisal goes off without a hitch. You make an offer on your dream home, and the appraiser verifies the property is worth what you offered (or more).

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Appraisal Real Estate Agent Real Estate Sellers 482

Appraisal Buzz

NOVEMBER 22, 2024

“Transitions in life stages are increasingly becoming a primary motivator for property sales, leading to a preference for homes that can accommodate a family’s needs through various life phases,” 22% of luxury real estate agents agreed in the survey.

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Buyers Luxury Properties Marketing Inventory 417

Housing Wire

NOVEMBER 9, 2023

CoreLogic announced on Thursday the launch of “ScanToSketch,” an augmented reality (AR)-based property measuring and sketching tool to create home appraisal reports. Developed using CoreLogic’s appraisal software brand “a la mode,” the tool has been used to complete roughly 20,000 property sketches.

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Tools Appraisal Real Estate Agent Technology 459

Housing Wire

DECEMBER 28, 2020

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts. The Request for Input (RFI) – open to comment until Feb.

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Appraisal Valuation Modernization Appraisal Process 482

Housing Wire

JANUARY 26, 2022

For the next two months, United Wholesale Mortgage (UWM) will credit borrowers up to $600 for their appraisal costs, the lender said in a statement Wednesday. This tool will save homebuyers a lot of money and make the homebuying experience better for consumers and real estate agents alike.”. Sponsored Video.

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Appraisal Real Estate Agent Real Estate Appraisal Process 397

Housing Wire

JANUARY 13, 2021

United Wholesale Mortgage ( UWM ) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. The post UWM will partially refund borrowers for late appraisals appeared first on HousingWire.

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Appraisal Real Estate Agent Inspection Valuation 470

Housing Wire

JUNE 25, 2024

Home appraisals are critical to the home buying and selling process. But that’s not all a home appraisal can do. Let’s take a closer look at appraisals, what they mean for a sale, and how to leverage the results to get your clients the best price possible. What is the purpose of a home appraisal?

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Appraisal Sellers Real Estate Agent Appraisal Process 397

Appraisal Buzz

JUNE 17, 2024

The recent settlement by the National Association of Realtors (NAR) has sent ripples through the real estate industry, leaving many agents reeling. As the dust begins to settle on this $418 million agreement, it is crucial for appraisers to recognize the vast opportunities now available to them.

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Appraisal Real Estate Agent Valuation Real Estate 370

Appraisal Buzz

NOVEMBER 4, 2024

Agents, Lenders Assist Purchasers During Complex Homebuying Process With 86% of all purchasers using their services—the most of any information source—real estate agents were vital to the homebuying process. The most helpful source of information during the house hunt was the agents themselves.

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Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

APRIL 9, 2021

Canadian real estate technology company Voxtur Analytics Corp. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 Appraisal Now, better known as “ Anow ,” makes an automated appraisal workflow management platform for the global appraisal market.

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Appraisal Valuation Real Estate Agent Real Estate 418

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. Everybody is affected by the appraisal process. SW: How is technology changing appraisals?

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Appraisal Technology Modernization Valuation 448

Housing Wire

NOVEMBER 5, 2024

The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But appraisers say that even prior to the Aug.

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Appraisal Business Real Estate Agent Real Estate 370

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Appraisal Inspection Real Estate Agent Training 435

Appraisal Buzz

FEBRUARY 4, 2025

First-time consumers look most often (35%) to their real estate agent to protect them from wire fraud, while experienced consumers look most often to their title company or attorney. Consumerscannot rely on a homebuyer or seller coming across a news story or report regarding real estate fraud.

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Real Estate Real Estate Agent Sellers Agents 363

Appraisal Buzz

NOVEMBER 1, 2024

“A lot of sellers are worried about finding their next house because even though listings are rising, there’s still a housing shortage,” said David Palmer, a Redfin Premier real estate agent in Seattle. The post Share of Newly Built Homes Hits Lowest Level in Three Years appeared first on Appraisal Buzz.

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Construction Inventory Real Estate Agent Agents 370

Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry.

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Appraisal Real Estate Agent Sellers Government 459

Appraisal Buzz

MARCH 14, 2025

Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier Real Estate Agent in Detroit. I recently saw one house get 10 offers and sell for $50,000 over the asking price, and the buyer waived their appraisal contingency.

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Contracts HOA New Listings Real Estate Agent 393

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Mortgage lending work is only one type of business where appraisals are needed.

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Business Appraisal Real Estate Agent Lending 394

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. When the market enters a phase more favorable to sellers, appraisers may find themselves caught in a crossfire between what buyers think is fair and what the homeowner expects. One excellent resource is local real estate agents.

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Appraisal Marketing Valuation Sellers 370

Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?

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Modernization Appraisal Valuation Investing 459

Appraisal Buzz

DECEMBER 16, 2024

Retirees understand the risks of moving to Florida, but many believe the pros still outweigh the cons, said Rafael Corrales, a Redfin Premier Real Estate Agent in Miami. appeared first on Appraisal Buzz. Click here to view the full report on Redfins examination of migration and climate change.

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HOA Insurance Buyers Property Taxes 392

Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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Appraisal Real Estate Agent Real Estate Valuation 305

Appraisal Buzz

APRIL 22, 2024

Here’s the kicker: you’ve got to be a decent appraiser to even get a shot at bidding. There are many, many other ways to make a living as an appraiser (and even as an appraiser who mainly does lender work). I often see appraisers post potential bids on social media and say something like “Can you believe this crap?

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Appraisal Real Estate Agent Business Real Estate 358

Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. This is important information for appraisers, though it may not appear so at first. Appraisers track such data.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

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Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

Real Estate 459

Real Estate Housing Market Real Estate Agent Marketing 459

Sacramento Appraisal Blog

JULY 11, 2022

UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Market Update (sign up (for real estate agents)) 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 […]. .” I hear that quite a bit, but is it true? Well, yes and no. Let me explain.

Housing Market 485

Housing Market Real Estate Agent Marketing Real Estate 485

Appraisal Buzz

JANUARY 17, 2025

Homebuyers pumped the brakes when mortgage rates ticked back up and are now in wait-and-see mode, said Jesse Landin, a Redfin Premier Real Estate Agent in San Antonio. The post Pending Home Sales Fall to 24-Month Low appeared first on Appraisal Buzz. month-over-month on a seasonally adjusted basisjumping 9.3%

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

Appraisal Buzz

JANUARY 22, 2025

Realfinity , which offers a an embedded finance platform designed for dual-licensed real estate agents offering mortgages as an ancillary service, has secured a $5 million warehouse facility from Bank of the Sierra which it will use to scale its new platform. says Luca Dahlhausen, CEO and co-founder of Realfinity.

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Real Estate Agent Real Estate Lending Agents 195

Appraisal Buzz

FEBRUARY 17, 2025

The rate-lock effect is letting up a bit here in Seattle, said local Redfin Premier real estate agent David Palmer. Many people are moving because they have no other option after a significant life event, such as a divorce or job shift, according to Redfin agents.

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Mortgage Real Estate Agent Agents Home Value 347