Appraisal Buzz

FEBRUARY 17, 2025

Second, many homeowners have enough equity to support selling and taking on a higher rate due to the pandemics spike in home values, particularly if theyre downsizing or relocating to a more affordable area. Lastly, a growing percentage of Americans do not have a mortgage, meaning they are not subject to any interest rate.

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Mortgage Real Estate Agent Home Value Agents 347

Appraisal Buzz

DECEMBER 11, 2024

Limited housing supplies and wealth generated by the tech and entertainment industries are just two factors that feed into the 44.02% of owner-occupied homes across San Jose, San Francisco, Los Angeles, and San Diego that are valued at $1 million or more. Head east for metros with the lowest percentage of million-dollar homes.

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Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

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Tools Technology Valuation Development 468

Housing Wire

JUNE 1, 2021

The Biden administration announced proposals to combat the racial wealth gap , including a tax credit to rehab homes for low and moderate-income homebuyers as part of the trillion dollar infrastructure package. Developers, lenders or local governments could compete for the funds through an application process.

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Appraisal Buzz

NOVEMBER 13, 2024

We have expanded our team member training to [include talking to customers] about their home value and equity if the customer truly can no longer afford the home and none of the retention options are available or appealing to the customer. Michael Keaton, SVP, Subservicing Business Development, Onity Group Inc.

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Mortgage Technology Clients Tools 410

Housing Wire

APRIL 4, 2024

Department of Housing and Urban Development (HUD) look-up tables are published using expected rates in 1/8% increments (6.625%, 6.75%, 6.875%, etc.), of a prospect’s home value. For example, a prospect with a $500,000 home could see their principal limit drop by an average of $3,000 (0.6%) from a 1/8% increase in expected rate.

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Mortgage Home Value Appraisal Development 444

Housing Wire

MAY 2, 2021

Using an AVM helps lenders quickly and accurately get an independent assessment of collateral value, which can streamline the home buying process for them and the borrower. Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle.

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Valuation Home Value Lending Technology 368

Appraisal Buzz

SEPTEMBER 27, 2024

Researchers for LendingTree found home values in the country’s priciest micro politan areas (“towns” for the purposes of their report) rival those in the nation’s largest metros. This means buyers in many towns have to compete for a relatively small number of homes, which puts upward pressure on prices.”

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Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver.

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Appraisal Valuation Law Home Value 427

Housing Wire

MAY 23, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

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Housing Wire

JULY 16, 2024

Historically, most homes in Montana were custom-built.” Population centers like Bozeman and Billings may have more tract homes, but that is a relatively recent development, DeWolf explained. Many people buy manufactured homes, put them on a foundation, but never de-title them,” he said. “Montana is the complete reverse.

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Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. The percentage of homes in Rehabbed & Ready neighborhoods purchased with a mortgage grew an additional 5.6%

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Investing Renovations Construction Development 476

Housing Wire

FEBRUARY 28, 2025

Later in the call, Penn also revealed that the company has a new product in development, in collaboration with other mortgage originators, but he declined to elaborate on specifics. These are marketed under the Platinum brand name, which recently saw a reduction in its minimum home value.

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Mortgage Development Business Home Value 207

Appraisal Buzz

NOVEMBER 29, 2021

Our residential appraisal forms make short work of all three methods of valuation, so it is pretty easy to apply at least two approaches to value for an appraisal report. As a real estate developer, prior to entering the field, I always costed out my projects for profitability. Know what average home values are in your area. (2)

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Valuation Supply Chain Bracketing Appraisal 370

Housing Wire

JANUARY 9, 2023

The two SFR companies, among the largest operators in the space, announced this past summer that they have thousands of build-for-rent homes planned for development or already in the construction pipeline — some 12,000 on a combined basis. In addition, JP Morgan Chase & Co.

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Housing Market Marketing Construction Development 545

Housing Wire

APRIL 7, 2021

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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Housing Market Marketing Real Estate Technology 545

Housing Wire

MARCH 5, 2024

Department of Housing and Urban Development (HUD) determines how much principal a lender can provide a borrower. This “principal limit” calculation is based on factors like home value, age, and of course, interest rates. With a HECM loan, the U.S. Why are there two HECM interest rates used with HECM loans?

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Mortgage Insurance Home Value Development 459

Appraisal Buzz

OCTOBER 25, 2024

Escalating home values have driven up property taxes, leading to homeowner distress, making it more important than ever to help them understand and plan for these increases. Provide Stellar Service With an Experienced, Scalable Call Center Many borrowers still like speaking to a knowledgeable representative.

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Property Taxes Tools Technology Investing 195

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The home, designed by Lloyd Wright for real estate developer Joseph Jacob (JJ) Walser Jr.,

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Mortgage Design Architecture Market Value 430

Housing Wire

JUNE 24, 2021

“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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Valuation Real Estate Agent Real Estate Clients 414

Housing Wire

JUNE 29, 2021

The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. With a nearly $75,000 gap, it becomes evident that homes in Otay Ranch at higher risk also have lower property values.

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Home Value Development Valuation Insurance 305

Housing Wire

DECEMBER 6, 2024

One of the easiest and most cost-effective ways to stay top-of-mind with clients and prospects is by consistently delivering value in an informative, helpful real estate newsletter. So, where do you start? In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. Lets dive in!

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Real Estate Clients Tools Sellers 397

Appraisal Buzz

JANUARY 3, 2025

Next year should see more improvements in each of these, but once more, rate developments will have a significant impact on progress. In an increasingly buyer-friendly market, those who shop for homes during the slower winter months might be able to score a bargain. metro regions. 27.8% -26.3% -13.5% 28 New York $680,934 7.0%

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New Listings Inventory Buyers Inspection 396

Housing Wire

OCTOBER 18, 2022

Lenders and marketers are looking for better ways to process home equity loans, craft more precise marketing campaigns and engage with prospects more efficiently in consumer-direct settings. For instance, we update underlying data, retrain our models, and run valuations on every residential property in the country every 24 hours.

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Valuation Home Value Technology Lending 321

Housing Wire

DECEMBER 5, 2022

In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association. Potential homebuyers want to buy. Buying now means being able to negotiate as a buyer.

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Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

JANUARY 13, 2022

But they claim that Quicken Loans influenced appraisers to raise their home values and originate higher loans. According to the lawsuit, the Aligs, for example, estimated their home was worth $129,000, and provided the information to Quicken Loans. Messages left with plaintiffs’ attorneys were not returned.

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Appraisal Valuation Law Home Value 448

Housing Wire

FEBRUARY 3, 2025

The company recently raised $100 million in Series C funding to boost product development and outreach. ” Over-assessed homes are likely to lead to higher property taxes, according to Ownwell. .” ” Over-assessed homes are likely to lead to higher property taxes, according to Ownwell.

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Property Taxes Home Value Market Value Technology 306

Empire Appraisal Group

JULY 13, 2023

s Fastest Rising Home Values? Home values near a S. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. s Fastest Rising Home Values? Bethesda, MD (301) 215-4688 Source: [link] The post S.

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Home Value Transportation Training Development 78

Housing Wire

MARCH 23, 2022

month-over-month in January , new home sales were down again in February, decreasing 2.0% Department of Housing and Urban Development and the U.S. Year-over-year, new home sales were down 6.2% After dropping 4.5% from the month prior to a seasonally adjusted rate of 772,000, according to data released by the U.S. in February.

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Supply Chain Housing Market Buyers Construction 397

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. That means development can start this year, so the industry is ready to roll out the new forms in 2024.

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Appraisal Process Appraisal Reconsideration of Value Valuation 397

Housing Wire

FEBRUARY 14, 2024

If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+? How do you convince the sellers of $15 million homes to work with you? Don’t try to do everything or be everything to everyone!

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Real Estate Agent Real Estate Agents Luxury Properties 448

Housing Wire

NOVEMBER 17, 2022

Home value inequalities are the result of appraisal practices that elevate White spaces as the most valuable,” the report said. Korver-Glenn and Howell said that dating back to 2013, homes in white neighborhoods have been appraised as being worth $371,000 more, on average, than homes in white neighborhoods.

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Appraisal Valuation Modernization Property Appraisal 370

Housing Wire

NOVEMBER 13, 2024

Department of Housing and Urban Development (HUD)-certified HECM counselors — are required to use similar language. Home appreciation is the largest driving force in your equity position, your home equity,” Hultquist said. Home appreciation is the largest driving force in your equity position, your home equity,” Hultquist said.

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Mortgage Home Value Insurance Tools 370

Housing Wire

MARCH 23, 2022

The truth is that many savvy homeowners have used a reverse mortgage strategically, and many owners of high-value homes elect to use a reverse mortgage to fund their retirement. Savvy homeowners are using this product instead of conventional loans because of its greater flexibility.

Mortgage 397

Mortgage Clients Business Training 397

Housing Wire

MAY 11, 2021

By the GSE definition, a C5 is a home in need of some significant repairs — and from the comment, it appears the agent hinted so when the property was listed for sale. . The post Property condition information that’s cloud-based – “Word cloud” based appeared first on HousingWire.

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Valuation Inspection Renovations Appraisal 397

Housing Wire

SEPTEMBER 15, 2021

That’s not to say that the industry should toss aside any vigilance and rely solely on a single metric to develop a perspective on overall industry health, however. That allows the industry to aim for a particular target when it comes to the development of 2022 business. 2022 should be the year to focus on organic growth.

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Mortgage Advertising Development Home Value 397

Birmingham Appraisal

MAY 21, 2024

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Keep an eye on the neighborhood’s growth trends and planned developments.

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Home Value Architecture Renovations Real Estate 75