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Jeff Tucker Zillow Senior Economist. This is the fourth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel. The 2021 housing market forecasts have focused on everything from home prices to mortgage rates. In this installment, HousingWire interviewed Jeff Tucker, senior economist at Zillow , on his forecast for next year.
I recently completed a quick interview with Stuart Elliott , Editor In Chief & CEO at The Real Deal who asked me questions with a uniquely mellow intensity. The Real Deal is required reading for anyone in the real estate profession or interested in real estate. Fun. The post TRD Quick Question: Jonathan Miller "What's Happening in the NYC Real Estate Market?
When you spend your whole life on the football field, it is hard to imagine yourself in an entirely different career. For Mike Doss, after he retired from the NFL, his future path was unclear. What role would be the best fit for his skill set? Mike decided that a job in sales was his best option; then Bob and Skip Weiler came along. Mike met Bob and Skip in the Fall of 2019, and there was an immediate mutual interest.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
As social media has become ubiquitous in our culture, it is becoming more and more essential to leverage it for your real estate business. Of course, that can seem daunting. There are so many different social media channels out there and upkeeping all of them can seem like a chore at best. If you’re thinking about social media for real estate agents and how to maximize your networks, our quick list of sites can give you a good overview of where to start focusing your efforts.
A Christmas Wreath in Texas. We at the DW Slater Company want to send you our warmest wishes during this season. We know that this will look different for all of us as we try to stay safe. We have a large family of seven kids and this is always a special time, however, this year will be different for us. May you enjoy special time with family and friends, in whatever way it will be for you this year.
A Christmas Wreath in Texas. We at the DW Slater Company want to send you our warmest wishes during this season. We know that this will look different for all of us as we try to stay safe. We have a large family of seven kids and this is always a special time, however, this year will be different for us. May you enjoy special time with family and friends, in whatever way it will be for you this year.
Although I had pockets of joy in 2020, these moments were subsumed in a haze of stress, uncertainty and fear for our country. And, at times, I have found it difficult to keep these emotions from clouding my economic thinking. But despite all the sorrow and frustrations of this year, I have found solace in the immortal world of math, facts and data. From this stronghold I have been able to see past the chaos and view the economy and the future of the housing market through the lens of my core eco
The New York Times got the market nuances right in their epic end of year The Real Estate Collapse of 2020. And including epic charts makes it even better. I noticed that the Streeteasy median rent chart used in the piece, adjusted for inflation but doesn't include concessions, shows the same pattern as my recent chart in Bloomberg. That drop in rent is gigantic anyway it is presented.
Along with the rest of the world appraisers have had to adapt to all things Covid. Being in an industry where you are entering into homes, being in one another’s personal space and typical interaction has become alarmingly apparent of risks and uncertainty. Appraisers from the beginning of our national lock down were considered essential to continue the momentum of an economy that looked to be headed toward very unstable ground with the shock of the unprecedented closings and shut downs.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Real estate is one of those careers where flexible jobs mean the possibility to fast-track your earnings and make millions in the early stages. Real estate professionals don’t earn a salary — which can sometimes work out to their advantage because if you know how to earn money in real estate you can earn a lot of it. Of course, it doesn’t always work out like that.
If you are looking to sell your property, you’ve probably wondered whether to list it for sale by owner (FSBO) or through a realtor. While there are plenty of benefits to both, there is one alternative that could flip the sale faster and without much stress on you as the seller. Auctions are one of the most expedient ways to sell real estate (both commercial and residential) while still allowing the seller to maintain total control over the transaction.
Real estate agents across the U.S. have been busy as a result of the pent-up demand from homebuyers due to COVID-19. From facing uncertainty in March from COVID-19-related shutdowns, to seeing home sales skyrocket through the summer into fall, it looks like homebuyers won’t be slowing down anytime soon, despite the holiday season approaching. Fannie Mae Chief Economist Doug Duncan said he expects existing home sales to ultimately “be up a percent or more in 2021.
When valuations don’t reflect the money the homeowner spent I hadn’t been an AACI for very long when it happened: I was doing an inspection of a pretty standard, older 3-bedroom bungalow outside of Hamilton, and the homeowner insisted I see the master bathroom first. “You have to see this!” he said, leading me toward […].
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market.
The development spread is a back of the envelope calculation widely used by real estate developers. It is a fast and easy way to size up the financial feasibility of a real estate development project, prior to completing a more in depth analysis. In this article we’ll take a closer look at the development spread and walk through an example of how it is used in practice.
In the competitive world of real estate, a strategy that is vital to your success is making your client’s property stand out among the other properties on the market. In order to do this, homeowners may have to make renovations to the interior or exterior of their property. However, they are often working with limited budgets, which means that they need to focus on the most cost-effective renovations that will produce the greatest return on their investment.
AQUISITION OF USAMC. TROY, Mich., Dec. 15, 2020 (GLOBE NEWSWIRE) — Dart Appraisal, a nationwide appraisal management company (AMC), announced that it has acquired USAMC, a nationwide appraisal management company based near Atlanta, GA. This acquisition accelerates Dart’s overall growth strategy and builds upon the previous acquisition of Atlanta-based Valuation Management Group in 2018.
In recent articles, I have written that although current sales data for the U.S. housing market has outperformed expectations, I expected these upward trends to moderate. Growth in home sales in recent months, I proposed, was primarily due to the catch-up demand from the stalled sales during the worst weeks of COVID-19. Today, the National Association of Realtors reported a 2.5% decline in existing home sales compared to last month, which I guess could be considered moderation.
One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees). This could easily differ from state to state, but we find most markets in Texas tend to be similar.
The retail banking system operates on a fundamental promise between the bank and the customer. The customer opens an account and deposits money in it with the expectation that the bank will continue to stay in business and that the funds will be available for withdrawal when needed. But, history tells us that this isn’t always the case. Throughout history, there is a long list of notable bank failures, the largest of which occurred in 2008 when Washington Mutual collapsed with $307 billion in a
McKissock Learning is excited to announce that we’ll be hosting a three-part series of “Appraisal Math” webinars, presented by Dr. Sam Martin. Beginning with the first session on Wednesday, January 13, 2021 , these one-hour, non-credit Pro-Series webinars will focus on solving math problems similar to those found on the National Appraiser Licensing and Certification Exams.
Over the last several months, this blog series has outlined the impact of COVID-19 on various property types across the country. As you might expect, it was difficult to find reasons for optimism for some industries in such an uncertain time. Luckily, that’s all behind us! In this blog, we discuss the shining star of […]. The post Assessing the Impact of COVID-19 on: Warehouses appeared first on Willowbrook Valuation & Advisory Services.
The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 3 and is the first time the survey has witnessed it fall below 2.7%. “The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months,” said Sam Khater, Fred
When you refinance your home, the process is similar to the one you followed when obtaining your original mortgage. Your finances will be verified and calculated, and your home will be appraised to determine its value to your potential lender. However, PennyMac also has many streamline products that don’t require income or asset verification. There are also products that do not require an appraisal.
Did you know the employment rate for a real estate appraiser has doubled overall in recent times? Not only that, but it is expected to increase by 3% between 2019-2029 ! This means real estate appraiser is one of the most sought out jobs. Are you interested in this career? Are you tired of sitting behind the desk all day? If so, you probably wish to do something out in the world.
So, you’re interested in becoming a real estate appraiser. But how do you know if you’re a good fit for the appraisal profession? What does it take to achieve success in the industry? To help answer these questions, we’ve outlined eight characteristics of a successful real estate appraiser. If you possess all or most of these personality traits, chances are, you’d make an excellent appraiser.
Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . Here is the breakdown across Austin, San Antonio, Houston and Dallas/Fort Worth. Austin. Median Sales Price: $365,000 (up 19%) Closed Sales: 3,397 (up 23%) Average Days on Market: 33 (Down 29 days from this time last year) 2,842 Active Listings (Down 55%) 3,629 Pending Sales (Up 23%) 0.9 Mon
2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. Incredibly, next year’s housing market outlook is poised to be much stronger.
On December 16, 2020, the U.S. Federal Reserve announced that its benchmark interest rate would continue to stay at the historically low range of 0.00% to 0.25%, where it has been held since the board’s initial groundbreaking decision on March 15, 2020, in reaction to the onslaught of the coronavirus pandemic and its grip on economies worldwide. *.
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