Housing Wire

MARCH 22, 2021

When there’s a bidding war, cash is king. And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. And waiving the financing contingency is the second-most effective bidding-war strategy, Redfin officials said – improving homebuyers’ odds of wi

Inspection 545

Inspection Inventory Buyers Sellers 545

The Appraiser Coach

MARCH 23, 2021

I recently broke my scapula taking my 11-year-old dirt biking. I should have brought another adult, but it was his and my bonding time. To set the scene: We were. Read More.

Advertising 243

Advertising Inspection Real Estate Agent Government 243

George Dell

MARCH 24, 2021

Is there bias in the American Dream? Do we need a “loan conditions” adjustment? Read Part 2 here. Loan conditions have nothing to do with ‘financing’ adjustments as we know them! One is local. The other is global. So how might loan conditions affect “market value”? Financing conditions are often related to motivation in sale […]. The post The American Dream and Bias in Loans?

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Loan Conditions Market Value Finance Marketing 195

Raleigh Realty

MARCH 25, 2021

Whether you're shopping for a mansion overlooking the green on the 16th hole, waterfront home with breathtaking views, or a penthouse loft in the heart of downtown, the luxury home buying process is one you'll want to be sure to do your homework on. As a buyer shopping for high-end real estate, there are certain tips and strategies that are both similar and different to your typical home buying process.

Real Estate 158

Real Estate Real Estate Agent Realtors Buyers 158

Housing Wire

MARCH 22, 2021

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. The survey respondents, of which two-thirds are homeowners and one-third are renters, found that more than half of respondents in 2020 expressed concern about making payments, with a high of 71% reported in November.

Mortgage 545

Mortgage Landlords Tenants Housing Market 545

Appraiserblogs

MARCH 22, 2021

What is the actual reason USPAP was extended without warning for an additional year? Don’t get me wrong. I am all for longer USPAP cycles or doing updates on an as-needed basis in an industry that changes very little. As I’ve mentioned before, Dave Bunton of TAF said during the ASB public call on February 19th that USPAP was extended another year because of COVID – yet that makes no sense.

Appraisal 144

Appraisal 144

Raleigh Realty

MARCH 23, 2021

How to Sell a House By Owner (FSBO) Before selling your home for sale by owner, it's important to understand the pros and cons, what's involved, and what to expect throughout the process. The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. Do you really save money though when you sell by owner?

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations. The result was approximately $1.3 trillion in outstanding mortgages with active private mortgage insurance coverage by year’s end.

Insurance 544

Insurance Mortgage Finance Buyers 544

Appraiserblogs

MARCH 25, 2021

What once was a ‘three year’ project to redesign and implement revised appraisal forms has morphed into one taking far longer. Actual implementation and use of ‘new forms’ are not scheduled to happen until (presumably) early in 2024, but could be extended even further. By 2024, the currently used ‘forms’ will be 19 years old, and the current UAD overlay entering ‘teenage hood’ at 13.

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Modernization Appraisal Lending Mortgage 121

BiggerPockets

MARCH 23, 2021

Have you ever wanted to own a cash-flowing rental with rent guaranteed for the first year? The property is bought for you, renovated for you, and even has a […].

Real Estate 80

Real Estate Investors Renovations 80

McKissock

MARCH 22, 2021

Due to the overwhelming success of our inaugural Real Estate Agent Income Guide in 2018 and 2019, McKissock Learning is back with an all-new guide stuffed with the latest income statistics from licensed real estate professionals across the United States. In December of 2020, we reached out to thousands of licensed real estate agents and brokers to better understand the tactics and strategies used to drive income.

Real Estate 75

Real Estate Real Estate Agent Investing Agents 75

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. Since January, mortgage rates have increased roughly 50 basis points from historic lows and home prices have risen, leaving would-be homebuyers with less purchasing power.

Mortgage 543

Mortgage Construction Realtors Inventory 543

Eppraisal

MARCH 24, 2021

Now that spring is here (or near) in many parts of the country, it's time to start thinking about a spring tune-up for the interior and exterior of your home. As the saying goes, "An ounce of prevention is worth a pound of cure." If you follow these tips every spring, you'll be sure to help prevent expensive repairs needed in and around your home. In addition, you'll be keeping your home value up.

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Home Value 69

BiggerPockets

MARCH 23, 2021

There are key roles every property management operation needs to have covered. Here are a few indispensable members I have on my team.

Real Estate 74

Real Estate Property Management Business 74

Working RE

MARCH 25, 2021

> E&O/GL Insurance for Home Inspectors Competitive Rates, Broad Coverage, Free Risk Management, online inspection support for tough questions, discounts on education and more. Professional Coverage, Competitive Pricing Shop OREP today! >> Editor’s Note: To help you stay up-to-date and connected, OREP/Working RE has established a Coronavirus (COVID-19) Discussion and Resource Page where you […].

Business 60

Business Inspection Insurance 60

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. Yes, we’re talking about a bridge loan. Haven’t heard of them?

Buyers 542

Buyers Finance Real Estate Home Value 542

Valuation Review

MARCH 24, 2021

Pretium, a specialized investment management company focused on real estate, mortgage finance and corporate credit, announced John Keratsis will succeed Matt Nichols as president and CEO of its Deephaven mortgage platform. Read on to learn more.

Real Estate 60

Real Estate Finance Investing Mortgage 60

BiggerPockets

MARCH 26, 2021

This week’s question comes from Mantas on the Real Estate Rookie Facebook Group. Mantas is asking: How do I place properties under a newly acquired LLC? Before you place your […].

Real Estate 69

Real Estate 69

McKissock

MARCH 23, 2021

On Wednesday, April 7, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation 2021 Q2 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President, Appraisal Issues with The Appraisal Foundation (TAF). Hear about proposed changes to USPAP as well as an update on current AQB and ASB activities.

Appraisal 56

Appraisal Real Estate Development Investing 56

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. With that announcement came a modification to the UWM-broker contract, making note of significant financial penalties for violating this new policy.

Business 539

Business Retail Mortgage Lending 539

Valuation Review

MARCH 24, 2021

Veros Real Estate Solutions announced that Sarah Acosta has joined the company as vice president, product and data operations. Read on to learn more.

Real Estate 60

Real Estate 60

BiggerPockets

MARCH 24, 2021

“Step right up! Come one, come all! Today we’re offering an opportunity to quadruple your money!” Would you take this deal? After all, who wouldn’t want a 300% profit on […].

Investing 69

Investing Real Estate 69

McKissock

MARCH 26, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?

Appraisal 55

Appraisal Training Design Real Estate 55

Housing Wire

MARCH 25, 2021

A 40-plus basis point rise in mortgage rates over the past month resulted in approximately 7 million high-quality refi candidates who are no longer able to lock “forever rates,” according to a recent report from Black Knight. On Feb.11 , the mortgage data and analytics provider estimated there were 18.1 million borrowers who met broad-based underwriting criteria and could save at least 0.75% on their mortgage rate through a refi.

Mortgage 538

Mortgage Lending Business Housing Market 538

Valuation Review

MARCH 24, 2021

Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, servicers and GSEs, recently appointed capital markets veteran Brian Frye executive vice president, servicing and capital markets strategy. Read on for more about this appointment.

Mortgage 60

Mortgage Investors Marketing 60

BiggerPockets

MARCH 24, 2021

Retiring via passive income is why most people get into real estate, but rarely does someone accomplish that goal within just two years! Rachel Richards, real estate investor, agent, and […].

Real Estate 69

Real Estate Investing Investors Agents 69

Eppraisal

MARCH 21, 2021

Home staging practices evolve over time. If you are planning on selling your home in 2021, you'll want to help improve your property value by staging it with new trends, as well as incorporating tried and true staging practices. It's always a good idea to declutter to create more space, take down family photos to depersonalize, make a few repairs, put a fresh coat of paint on the walls, update a bit and replace worn carpeting.

Decorating 41

Decorating Buyers Clients Agents 41

Housing Wire

MARCH 23, 2021

After a near decade high in January, new home sales for single-family houses plummeted 18.2% to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development. However, continued demand by homebuyers did manage to push new home sales 8.2% higher than a year ago, though not nearly as high as January’s 19.3% year-over-year jump.

Construction 532

Construction Buyers Development Contracts 532

Valuation Review

MARCH 24, 2021

CoreLogic released its Home Price Index and HPI Forecast for January 2021. CoreLogic President and CEO Frank Martel noted record-low mortgage rates as significant. Read on to learn more.

Mortgage 60

Mortgage 60

BiggerPockets

MARCH 23, 2021

It’s hard to leave a comfortable job, especially when you’re working with family. What happens if you can’t make your entrepreneurial dreams work, what if you need health insurance, what […].

Insurance 69

Insurance Real Estate 69

Buys Brokers Only LLC

MARCH 21, 2021

U.S. mortgage interest rates rose to the highest level in nearly nine months for the week ending March 18, 2021, according to Freddie Mac's weekly Primary Mortgage Market Survey.

Mortgage 36

Mortgage Marketing Realtors Real Estate 36

Housing Wire

MARCH 25, 2021

Do I need to pay off my student loans before buying my first home? It’s a common question, but unfortunately, not an easy one to answer. The truth is, every situation is different. What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans.

Finance 511

Finance Real Estate Insurance Government 511

Valuation Review

MARCH 24, 2021

Now more than ever, appraisers need to take full advantage of technology opportunities within the industry. Valuation Review gets more thoughts from a company who speaks to those advantages for the commercial appraiser. Read on for more.

Technology 60

Technology Valuation Review Appraisal Valuation 60

BiggerPockets

MARCH 22, 2021

No one said that being a landlord was easy. Of course, the idea of passive income from property investment is appealing. But managing properties is not a passive job. Apart […].

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Landlords Tools Investing Technology 69