Housing Wire

MARCH 30, 2021

Home prices continued their acceleration in January according to the S&P Corelogic Case-Shiller National Home Price Index, jumping 11.2% year over year, the highest gain in nearly 15 years. The Tuesday report also revealed an 11.1% year-over-year gain in January for the 20-city price index, up from 10.2% the previous month. Overall, prices rose month over month in 19 of the 20 cities tracked, with Cleveland being the only city to see prices drop.

Inventory 545

Inventory Contracts Buyers Mortgage 545

Cleveland Appraisal Blog

MARCH 30, 2021

If you ever get the chance to visit Pymatuning Lake in PA, which is on the boarder of Ohio and Pennsylvania, make sure to go over to the Linesville Spillway. It is an amazing site. Hundreds of Carp congregate in the spillway, battling for food. Throw a little bread in, and it’s a feeding frenzy! There are so many Carp, packed so closely together, that at times geese and ducks can walk over them like a road. .

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

The Appraiser Coach

MARCH 30, 2021

I was recently asked by a newbie in real estate appraisal how much I think a new real estate appraiser should charge. Many new appraisers and trainees want to get. Read More.

Real Estate 335

Real Estate Appraisal Inspection Advertising 335

George Dell

MARCH 31, 2021

Postpone appraisal modernization. We can do that later. Why? Change and improvement should, normally, come from a profession. When a profession fails to bring improvement, eventually consumers/clients press for change. That’s what seems to have happened. The two largest consumers of appraisals now have pressed for change. Fannie Mae and Freddie Mac have realized the […].

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Modernization Clients Appraisal 195

Housing Wire

APRIL 2, 2021

Should you or shouldn’t you downsize? If you’re a homeowner , this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore, you might want to consider purchasing something smaller – or even renting. Besides cutting costs, downsizing has additional benefits.

Decorating 542

Decorating Real Estate Mortgage Buyers 542

GoForrmz

APRIL 2, 2021

Easily collect feedback with digital evaluation forms and online form sharing From student progress reports to customer surveys, digital (and online ) evaluation forms simplify the collection of important feedback. Your digital evaluation forms can be easily digitized for use on phones, tablets, and computers, requiring no code or IT support to get started.

Business 158

Business 158

Raleigh Realty

MARCH 31, 2021

What Does Contingent Mean in Real Estate? When searching for a home for sale, you may have encountered a variety of different sales statuses online including contingent real estate listings. Beyond just “for sale” and “closed,” you may have also seen other common sales statuses such as “pending” or “contingent.” These phrases indicate where in the sales process the home is in.

Real Estate 148

Real Estate Sellers Contracts Buyers 148

Housing Wire

MARCH 29, 2021

The U.S. forbearance rate is officially below 5% for the first time in a year. Servicers’ forbearance portfolio volume fell nine basis points last week to 4.96%, according to a survey from the Mortgage Bankers Association. Since October, the percentage of portfolio loans in forbearance hovered between 5% and 6%, the longest a percentage range had held since the survey’s beginning as continuous extensions gave homeowners more time to postpone payments.

Investors 518

Investors Mortgage 518

GoForrmz

MARCH 29, 2021

Digital Lockout Tagout (LOTO) forms improve visibility into job site safety procedures and help to safeguard teams working with hazardous energy Clearly communicating LOTO procedures is critical when working with machines and equipment that could expose workers to hazardous energy. For example, teams working with wiring, wind turbines, or conveyer systems could all be exposed to hazardous situations if preventative steps are not carefully taken.

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Midtown Appraisal Group

APRIL 2, 2021

Second mortgages can be useful – but it’s important to know what you’re getting into As appraisers, it’s not unusual for us to be asked to provide a valuation for a property when a second mortgage is being considered. Because second mortgages are, as their name suggests, ‘second in line’ to be repaid after the […].

Mortgage 136

Mortgage Valuation Appraisal 136

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

APRIL 2, 2021

After three months of mediocre gains , the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry.

Inventory 514

Inventory Construction Housing Market Business 514

JMV Lending

APRIL 2, 2021

APPRAISAL COMES IN LOW We had an appraisal come in slightly under contract price this week. What made it a surprise was the fact that there seemed to be ample comparable sales to support the value (unusual in this market, to say the least). So, when the appraisal came in low, both agents, the seller […]. The post Appraisers Can’t Push Values; Must Avoid Reviews/Cuts appeared first on JVM Lending.

Appraisal 97

Appraisal Contracts Lending Sellers 97

McKissock

MARCH 30, 2021

In 1980 I attended a new ERA Real Estate franchisee orientation in Kansas City. In my welcome tote bag was a cardboard slide rule type device called a Home-Rule ® , subtitled “Residential Real Estate Sales Price Computer.” How did the Home-Rule work? Back then “computer” apparently had kind of a different interpretation. It was a simple device with step-by-step instructions printed right on it.

Valuation 95

Valuation Real Estate Appraisal Market Value 95

BiggerPockets

APRIL 1, 2021

As real estate investors, we look for ways to reduce our effective tax rate. Here's how to tap into under-utilized strategies so that you can maximize your success in real estate investment.

Real Estate 85

Real Estate Investing Investors Business 85

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) and West (96.9) in February, while the South and Midwest also experienced declines but managed to st

Inventory 511

Inventory Contracts Housing Market Buyers 511

Riverfront Appraisals

APRIL 2, 2021

If you’re new to our blog, let me first say ‘Welcome!’ If you’re a regular reader, then ‘Thank You!’ Either way, I’m happy you’re here, reading this post. This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. But don’t let the name fool you. Even though we’re […]. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals.

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Reconsideration of Value Appraisal Appraisal Process Property Appraisal 78

Empire Appraisal Group

APRIL 1, 2021

Does Light Rail Access Increase Property Values? Source: Does Light Rail Access Increase Property Values? | YPN – Young Professionals Network. By Neil Goradia. It has long been a common perception that access to light rail in any market will improve the value of a house, particularly in the eyes of an investor. As an investor myself, I am always looking for a way to bump up my returns, so I decided to take the time and dig a little deeper.

Training 78

Training Investors Real Estate Investing 78

GoForrmz

MARCH 31, 2021

Rapidly collect healthcare data using HIPAA-Secure digital forms equipped with these five features. “ GoFormz has been extremely valuable within The CARE Method Program, which is our Dementia Intervention Program. We’ve found that there are no other programs or tools of this nature being used in this capacity to provide stabilization for dementia patients. ” — Terri Abelar, CEO, Aging Solutions.

Insurance 78

Insurance Tools 78

Housing Wire

APRIL 1, 2021

The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. In a Thursday compliance bulletin, the CFPB said it will monitor how servicers work to prevent a wave of foreclosures from occurring this fall. “Unprepared is unacceptable,” the Bureau said.

Law 476

Law Mortgage Appraisal 476

Working RE

MARCH 31, 2021

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Institutional Memory and Appraiser Firms by Richard Hagar, SRA Institutional memory, having “old farts” […].

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Appraisal Real Estate 78

BiggerPockets

MARCH 31, 2021

Achieving a quality rehab can try your patience. Smart investors solve these problems by stealing a project management strategy: a thorough scope of work.

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Project Management Real Estate Investors 74

Dart Appraisal

APRIL 2, 2021

Dart appraisal Discusses Uniform Standards of Professional Appraisal Practice and Value Approaches. Periodically, Dart Appraisal will receive inquires regarding the approaches to value and when they are or are not applicable. As most industry participants know, there are three typical approaches to value in an appraisal report: Cost Approach, Sales Comparison Approach, and Income Approach, summarized as follows: Cost Approach – The current cost of reproducing or replacing a building, minus an e

Appraisal 69

Appraisal Clients Retail Real Estate 69

Housing Wire

MARCH 30, 2021

The Housing Policy Council sent a letter to the Consumer Financial Protection Bureau on Tuesday expressing its opposition to delaying the implementation of the Final QM Rule and expiration of the 2013 QM Rule, set to take effect on July 1, 2021. On March 4, the CFPB released a notice of proposed rulemaking to delay the compliance date for the QM Rule until Oct. 1, 2022 and opened up a comment period.

Mortgage 475

Mortgage Insurance Lending Marketing 475

Working RE

MARCH 28, 2021

“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. Solar: The Future Is Bright by Mark Buhler, Certified Residential Appraiser at CMP Appraisals […].

Appraisal 78

Appraisal Real Estate 78

BiggerPockets

MARCH 31, 2021

You’ve prepared yourself to buy a new home in every way possible, but now it’s time to actually go out and do—not just talk. Here's what to ask when you start searching.

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McKissock

MARCH 29, 2021

In real estate, especially in a crowded market, the key to success is setting yourself apart from your competition. And there are many ways in which to do this. You just have to know what sets you apart from other agents in your area. Last month (February), we asked our CE Plus members , “What differentiates you from other agents?” Here’s what they had to say.

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Agents Clients Real Estate Buyers 68

Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score.

Loan Officers 468

Loan Officers Clients Tools Technology 468

National Association of Realtors

APRIL 1, 2021

Professionals who work in commercial real estate—including investors, brokers, lenders, appraisers, and lawyers—need to understand the current value of assets.

Real Estate 62

Real Estate Investors Appraisal 62

BiggerPockets

MARCH 30, 2021

Think you've calculated all the numbers on that rental? Don't forget about CapEx! More formally known as capital expenditures, CapEx are those expensive “big ticket” items that need to be replaced every so often, but not every month or year. This calculation can make or break your investment—so learn more here.

Investing 74

Investing Real Estate 74

Eppraisal

APRIL 2, 2021

Investing in real estate has become a hobby for some but a serious proposition for others. With money being inexpensive to borrow right now as interest rates remain low, more consumers are being bitten by the bug. For those who want the income from investing in real estate but don’t have the time or knowledge to be a landlord, that’s where a professional property manager comes in.

Property Management 62

Property Management Investing Tenants Landlords 62

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021. Purchase activity is up 6% year-over-year, with the unadjusted purchase index 39% higher than the same week one year ago.

Mortgage 459

Mortgage Contracts Inventory Lending 459

Valuation Review

MARCH 29, 2021

JLL said Gilda Perez-Alvarado has been promoted to global CEO of its Hotels and Hospitality Group to succeed Mark Wynne-Smith, who will continue as global CEO of valuation advisory, the company announced. Read on to learn more.

Valuation 60

Valuation 60

BiggerPockets

APRIL 1, 2021

This month on BPInsights, we found the 10 U.S. real estate markets where rents increased the most in 2020. We also dove into interest rate and explored the wealth-building opportunities hidden in dying malls.

Real Estate 69

Real Estate Marketing 69