Sat.Apr 03, 2021 - Fri.Apr 09, 2021

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Millions will enter housing market in 2021: Zillow

Housing Wire

In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by circumstance. And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021.

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Is Valuation Basic? Part 1

George Dell

Basic sequence of valuation is basic: identify problem, gather the “comparable” data, adjust, and report. Simple. Basic. The Market for Valuation Series, Part 1 How about AVMs? (Automated Valuation Models). The words are a bit different, but the process is the same: Enter the address, apply the data collect algorithm, apply the predictive algorithms, spit out […].

Valuation 370
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Why are Appraisers Banned from Doing Work They’re Qualified to Do?

The Appraiser Coach

I just got out of an interesting conversation I had with my CPA. Eventually, our conversation veered onto the topic of work. I was curious about what it takes to. Read More.

Appraisal 221
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ProTip: Instantly Populate a User’s Location When A New Form is Generated

GoForrmz

Automatically populate a user’s GPS location when they generate a form and improve operational transparency GPS fields improve transparency into your team’s activities across job sites, franchise locations, offices, and more. These GPS fields can even be instantly populated when a user generates a new form, reducing data entry demands and ensuring an accurate location is entered every time.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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CFPB proposes foreclosure ban until 2022

Housing Wire

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules, a borrower must be 120 days delinquent before the foreclosure process can start.

Tools 544

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Appraisal Woes Not Your Lender’s Fault; Blame Andrew Cuomo :)

JMV Lending

One of the most frustrating and expensive aspects of our business is dealing with low appraisals. It is frustrating b/c borrowers invariably blame us for the problem – even though we have very little control over the issue. It is expensive b/c we often end up throwing money at the issue to assuage borrowers and […]. The post Appraisal Woes Not Your Lender’s Fault; Blame Andrew Cuomo :) appeared first on JVM Lending.

Appraisal 147
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The Top 5 Digital Forms for Beverage Distributors

GoForrmz

Streamline and accelerate order fulfillment, customer communication, and invoicing Digital forms act as a powerful asset for beverage distribution teams. When relying on paper forms or cumbersome PDF fillers, miscommunications resulting from data entry errors, lost forms, or form delivery delays can have costly consequences. For example, entering the wrong product name into a form could result in a product out of stock (OOS) at a customer site – a mistake that can cost your operation business or

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The appraisal gap is complicating deals across the country

Housing Wire

The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. The house, in the Nashville area, was listed at $405,000. Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies.

Appraisal 540
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Political Correctness

Appraiserblogs

If not for all the Political Correctness speech prohibitions, I could earn a living as a comedian off my family tree stereotypes alone!… One of the saddest things about Political Correctness is that we lost the ability to laugh at ourselves, including our racial stereotypes. One of my old diving partners was black, and he and I could tease each other.

Appraisal 147
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Why Might a Listing’s Square Footage Differ From the Appraisal?

Realtor

If you’re buying a home, the listing likely includes the square footage, a key selling point. But if you make an offer that’s accepted and you’ve moved onto the home appraisal step in the process, you might be shocked to find out that the appraiser ‘s square footage is different from what’s on the listing. What gives? Square footage , you may recall, is calculated when you measure how much floor space there is in a home.

Appraisal 131
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How to Reduce Data Entry Errors with Auto-Populated Form Fields

GoForrmz

Eliminate opportunities for human error, misspellings, and forgotten data, with automatically populated form fields Paper forms and basic PDF fillers leave far too much room for error. When relying on paper forms and manual data capture tools, illegible handwriting, spelling errors, and miscalculations result in problematic, often costly data entry errors.

Clients 148
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Looser mortgage credit may give first-time buyers a chance

Housing Wire

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index rose.6% to 125.4 last month, a positive indicator after pandemic-driven factors plunged the index from record highs previously seen in late 2019.

Buyers 521
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Amrock Mandatory Diversity Training

Appraiserblogs

An appraiser shared the following with us. Amrock is requiring all appraisers on their panel to complete a diversity, equity and inclusion training by April 19, 2021. Amrock Diversity, Equity and Inclusion Training Requirement: You’re Cordially Required to Take Part in This Training Hello, As an organization, we firmly believe in the importance of diversity, equity and inclusion (DE&I) for everyone – and we’ve taken a stance through the implementation of our DE&I Strategic Plan.

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How to Deal with or Prevent a "Low" Residential Appraisal?

Advanced Appraisal

Chicago and South Suburban Appraisal Blog

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What Types of Appraisals Are in High Demand Due to COVID-19?

McKissock

The COVID-19 pandemic has significantly influenced the real estate market over the past year. Last month (March 2021) we asked appraisers across the U.S., “What type of appraisal has seen the MOST growth in demand in your local area due to COVID-19?” About two-thirds of survey respondents reported that residential appraisals have experienced the biggest pandemic-related boom.

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Home sellers are feeling good about 2021

Housing Wire

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days.

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14 Questions to Ask Before You Hire a General Contractor

BiggerPockets

Before taking on renovations, whether for your primary residence or an investment property, it's crucial to find the right contractor. Ensure that they are qualified, have the support they need, and have a good reputation by vetting them with these questions.

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4 Sustainability Trends Driving Commercial Real Estate for Earth Day 2021

The Robert Weiler Company

Over half a century ago, the United States inaugurated a special day, April 22, as Earth Day. As we prepare to commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry. What began as a localized, American movement, is now celebrated by more than 192 countries.

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Cash-out Refis Hit Highest Level Since Financial Crisis

Empire Appraisal Group

Cash-out Refis Hit Highest Level Since Financial Crisis. Source: Cash-out Refis Hit Highest Level Since Financial Crisis | Florida Realtors. Many owners were underwater (owed more than a home’s value) during the Great Recession, in part due to cash-out refis, but it’s not an issue now – at least not yet. NEW YORK – Cash-out refinances are on the upswing, to the likes of numbers that haven’t been seen since the financial crisis.

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Housing inventory is down 40%. Buyers are paying the price

Housing Wire

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020.

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Nail Your 2021 Taxes by Hiring the Right CPA

BiggerPockets

There are plenty of things you can do yourself for your business, but taxes and accounting shouldn't necessarily be among them. Protect yourself, your business, and your assets by enlisting the assistance of a qualified CPA.

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Why Might a Listing’s Square Footage Differ From the Appraisal?

Realtor

If you’re buying a home, the listing likely includes the square footage, a key selling point. But if you make an offer that’s accepted and you’ve moved onto the home appraisal step in the process, you might be shocked to find out that the appraiser ‘s square footage is different from what’s on the listing. What gives? Square footage , you may recall, is calculated when you measure how much floor space there is in a home.

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What Is A Home Appraisal?

DataMaster

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold. Art’s home has an upgraded kitchen and newer carpet.

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Tired of renting? 6 signs you’re ready to buy your first home

Housing Wire

Chances are, you know someone who owns a home. Whether it’s a sibling, friend, or co-worker, you’ve seen someone go through the first-time home buying process – and it probably looked really complicated. At least, more complicated than simply paying rent to a landlord every month. While owning a home is rewarding, the process can be a lot of work.

Landlords 476
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How to Create an Effective Workout Space at Home

Raleigh Realty

How to Workout without Leaving Home With the current state of the world, homes are now being built with extra rooms and space so that people can work from home as well as a workout at home. From "peloton rooms" to garage gyms the covid-19 pandemic has created a dramatic need for people to be able to exercise within the convenience of their home.

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Boston, Massachusetts Real Estate Market Analysis

Boston Appraisal

What’s going to happen with Boston real estate? In the coming weeks, months, and years, is it going to go up, down, or sideways? Is it time to buy or sell? One thing’s for sure: No one knows. No one has a crystal ball, and there are countless factors that can affect property values. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

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What Is A Home Appraisal?

DataMaster

What is an home appraisal? Why Didn’t My Home Appraise Higher? Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. When the appraisal came back, he was shocked to see that his home appraised for less than two homes nearby that had recently sold. Art’s home has an upgraded kitchen and newer carpet.

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Will the next job wave mean the end of forbearance?

Housing Wire

Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member? log in. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Mortgage 474
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Rookie Podcast 68: Rookie Reply: Stop Making Excuses in Business & How to Develop a “Scout Mindset”

BiggerPockets

It’s not uncommon that we make excuses for ourselves, especially when it comes to our businesses. A contractor may have let us down, or a tenant took advantage of a […].

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Boston, Massachusetts Real Estate Market Analysis

Boston Appraisal

What’s going to happen with Boston real estate? In the coming weeks, months, and years, is it going to go up, down, or sideways? Is it time to buy or sell? One thing’s for sure: No one knows. No one has a crystal ball, and there are countless factors that can affect property values. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

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Rent Vs. Buy: How To Decide In 5 Steps

Quicken Loans

There’s no doubt that buying a home is a major life decision, but is it right for you? Of course, there’s no single correct answer, as there are pros and cons to both renting and buying. A major factor in anyone’s decision-making process, though, is one’s personal finances. In most cases, renting seems to be the more affordable option. However, that’s not always the case.

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Targeting first-generation homebuyers for financial help

Housing Wire

The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. Researchers said federal, state, and local housing policies have “systematically excluded Black families and other families of color from homeownership,” with one UI study projecting the Black-white homeownership gap – at more than 30 percentage point

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