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The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 5.92% last week, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.32% in the prior week, MBA said in a report on Monday. The decline was largely led by portfolio loans and private-label securities as their share of mortgages in forbearance fell to 8.86% from 10.06% the week prior.
When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. 1.
Each year, Columbus Business First recognizes industry executives who stand at the forefront of the Central Ohio business by embodying exemplary leadership qualities. This year, Columbus Business First chose Robert “Bob” Weiler as an honoree for the C-Suite Lifetime Achievement Award 2020! The 2020 awards and honorees are especially significant due to the changing landscape of business worldwide because of the coronavirus pandemic.
As the impact of COVID continues to unfold and the real estate market grapples with rapidly changing information and market conditions – commercial appraisers have had to quickly adapt to a new way of gathering reliable and credible data to base their appraisal analysis from. At Simonson Appraisals, we have found great importance in real-time property-specific conversations to keep the available data ‘fresh’ and accurate.
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.
We wrote about barndominiums last year, as we have been seeing more and more of them in North Texas. These are a new concept to many. Enjoy this guest post from Don Lowe , creator of Barndominium Life , a barndo enthusiast who aims to educate, inform, and inspire you to take action and Build Your Dream Barndominium. So check out these 8 reasons why barndominiums are becoming popular in North Texas. 8 Reasons the Barndominium Is Gaining Popularity in North Texas.
When an estate involves real estate, proper valuation can be crucial It’s a common situation: An elderly parent dies, leaving behind a spouse, adult children and young grandchildren. The family home is owned outright, or has a small mortgage, and everyone assumes that the home will be sold and the proceeds divided. Simple, right?
When an estate involves real estate, proper valuation can be crucial It’s a common situation: An elderly parent dies, leaving behind a spouse, adult children and young grandchildren. The family home is owned outright, or has a small mortgage, and everyone assumes that the home will be sold and the proceeds divided. Simple, right?
In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. “The luxury housing market normally takes a hit during recessions as wealthy Americans tighten their purse strings, but this isn’t a normal recession,” Redfin Chief Economist Daryl Fairweather said in
Technology is an essential part of any successfully run business, which remains valid for the real estate industry. Staying on top of industry trends is especially important for agents as every intricate part of a transaction can improve using technology and software. In this article, we will cover some of the most useful and innovative solutions out there to help any agent run their business ethically and efficiently as possible. #1: Client Relationship Management System.
Competency, as defined by the Google Dictionary, is “the ability to do something successfully or efficiently.” Competency is a tough beast to wrangle though, because who gets to say someone is competent? How is competency measured? Why does it matter? Competency is a big part of the appraisal world and is one of the keys […]. The post Promoting Public Trust Part 11: Competency appeared first on Riverfront Appraisals.
When you’re a first-time home buyer approaching the finish line in the journey to your new home, you want nothing to go wrong, right? That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. 1.
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.
Image by Peter H from Pixabay. Happy Halloween from the DW Slater Company! We do wish you a safe Halloween and end of October. This year has been unlike any other and that certainly includes the housing market. The markets in North Texas appeared to have paused when the pandemic began but the demand for home space combined with low inventory has put upward pressure on prices.
Have you ever wondered what it would be like to do a land appraisal on a haunted forest? Have you ever tried to determine the value for 19th Century Victorian mansion that is also most likely very haunted? We wondered too! So we sent Appraiser, Andrew Crandall to American Fork to take a look at the acclaimed and very spooky Haunted Forest. In this video, you’ll see some of the things we look for when conducting an appraisal.
The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents. “It’s been a circus, really,” said Anthony Lamacchia, Realtor and owner of Lamacchia Realty in the Boston suburbs. “Anything right outside of Boston is going like wildfire, but especially the single-family homes.” Even though the averag
Written by Christopher Kai. Success isn’t about who you know; it’s about who you want to know. For instance, if you are just starting out in real estate and you want to close your first client, finding a seasoned real estate agent who has 20 years of experience is someone you want to know. If you are a more seasoned agent but have never sold a $1M+ property, then a real estate agent who consistently sells million-dollar homes is someone you want to learn from.
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.
Lenders will typically require you to do a home appraisal when applying for a loan, whether you are refinancing your mortgage or in the market to buy a house. That’s because they want to determine how much risk is involved in the deal. You will have to work with a property appraiser who is ideally from one of the top appraisal firms in Toronto. These professionals have the tools, knowledge, and experience to provide the services you need and support you in your efforts to get the best loan that
The COVID-19 pandemic has impacted virtually every industry in the United States. However, each industry is being impacted in its own unique way. In this blog series, we have been taking a closer look at specific property types and discussing how they’ve changed since the start of the global pandemic. So far, we’ve covered Hotels […]. The post Assessing the Impact of COVID-19 on: Restaurants appeared first on Willowbrook Valuation & Advisory Services.
Moving into a new house is often bittersweet. You are excited for the change, but sad to leave a home so full of memories. Downsizing can be even harder - a smaller place means you don't have room for all of your current possessions. But downsizing is also an opportunity to refresh and start anew. If you get rid of the clutter , you can fill your new place with the things you really love, making it feel like home.
The Department of Homeland Security has made changes in 2020 with required income, credit history, civil liabilities and assets/resources in immigration applications. In such, requiring a recent appraisal of real estate by a licensed appraiser to indicate equity value. [link]. The post Appraisals for Immigration appeared first on Anthem Valuation Blog.
This year’s housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard for some would-be homeowners to get their foot in the door. Will 2021 be any different? Or, will it be a good time to buy a home? If you’ve been eyeing a home purchase but have sat out due to 2020’s competitive market (not to mention the other challenges the year has come with), you might be wondering just that.
We recently asked our appraisal community, “What ONE business skill does every appraiser need to master?” By far, the most popular answer selection was “delegation and time management.” According to real-life appraisers, several business skills are important. But time management, in particular, is essential for building a successful career in real estate appraisal.
Improving Your Commercial Appraisal Advertising. N o matter how niche your business is, advertising is key to growing your operations and ensuring that sales are constantly coming in. In particular, commercial appraisers who invest in advertising can end up landing more business projects. This Forbes article points out that word of mouth marketing is only the first step, and needs to be met with a strong business presence in order to be truly effective.
Maxdale Bridge. Maxdale Bridge is well known by all locals to be the #1 haunted destination in the area. More than one high schooler has challenged one another to brave the bridge. Supposed ghost sightings have included witnessing corpses hanging from the bridge, ghosts walking about with limps, One story is that a school bus of children perished on the bridge, and if you honk your horn, you will witness your car windows fogging from their breath against the windows.
Listen as NAR’s VP of Engagement Charlie Dawson and Megan Booth, NAR’s Director of Federal Housing, Valuation, Commercial Real Estate Policies & Programs, discuss the work being done to navigate orders from the CDC and Washington, D.C., and what that work means for housing providers and commercial practitioners around the country.
The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states.
Looking for a career that doesn’t necessarily require a college degree? Consider becoming a real estate appraiser. Before you jump in, you probably have questions like, “What education and training are required?” and “Do you need a college degree to get licensed?” and “How much money can you make as an appraiser?” In this post, we provide answers to these questions and more.
Realquantum Real Estate Tech Award. OCTOBER 29, 2020 – KANSAS CITY. Realquantum is pleased to announce they have been awarded an Honorable Mention in CREtech’s Real Estate Tech Awards (RETAS) for 2020. Realquantum was recognized in the Capital Markets category. This is the 7th annual RETAS. Each year, CREtech selects and awards the most innovative companies who are cutting edge and working hard to advance technology in the real estate industry.
Inside Sales Associate – Troy, MI. Dart is looking for an experienced and motivated Inside Sales Associate to provide exceptional care to our current clients and have the drive and determination to establish and manage a pipeline of their own. Our Inside Sales Associates are responsible for prospecting for new clients, qualifying leads, and managing client relationships.
The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East. From my perspective, that ball in Times Square can’t drop fast enough hailing the end of this year. One might think that with all the bad juju circulating the planet lately, people would be extra careful not to bring more misery upon themselves.
The one economic sector that has blown away my estimates this year has been the new home sales market. I predicted peak year-to-date growth of 4.7% but this was before COVID-19, which temporarily crushed bond yields and mortgage rates. This sector is very sensitive to yields in both a positive and negative direction. When mortgage rates got to 4.75% -5% in 2018, demand fell and inventory for new homes went up.
Our job as mortgage professionals is to help consumers when and how they need us. This is especially important in the current crisis as the behaviors of both consumers and those in the housing industry are changing. Join Jornaya ’s Head of Consumer Finance Mike Eshelman and Chief Marketing Officer Rich Smith as they discuss consumer shopping trends and the impacts on the housing industry.
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