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Housing starts jumped in March, recovering from a bleak February that included wild winter storms in the South, according to a recent report from the Census Bureau. Single-family housing starts rose 15.3% over the month to a pace of 1.24 million annualized units. That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was t
It feels like chaos out there. The housing market is on steroids and it’s mind-blowing to see such rapid growth lately. Today I want to unpack ten things I’m watching in today’s market. For my out-of-area readers, I’m guessing you are probably seeing the same trends. But please let me know. What is similar or […].
Some people might say a public forum isn’t the place to air this dirty laundry, but this is not really a public forum. Of my thousands of readers, very few. Read More.
Hello everyone! I am honored to welcome back Author Jessica Brody , with a new and timely article that I think you will find helpful if you’re looking to buy a home. Enjoy! The Complete Guide to Virtual House Hunting During COVID-19. Whether you were already diving into the home buying process when COVID-19 hit the headlines, or you were just thinking about getting started, home buyers everywhere are wondering if they can go forward with their moving plans.
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.
Austin, Texas might be the hottest housing market in the country. The Lone Star State’s friendly tax policies combined with the city’s huge tech scene and its cool factor have made it a destination for Silicon Valley types for several years. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw.
Faster we understand! But what is “better”? Faster is one of the ways we can make more money. Faster can be personally satisfying — if I can deliver a good or better product by being more efficient. Efficiency comes through good systems, and personal competency. Aha! So better can involve better systems, and more knowledge. […]. The post Better Faster Appraising?
Faster we understand! But what is “better”? Faster is one of the ways we can make more money. Faster can be personally satisfying — if I can deliver a good or better product by being more efficient. Efficiency comes through good systems, and personal competency. Aha! So better can involve better systems, and more knowledge. […]. The post Better Faster Appraising?
Augment your manufacturing contracts with these powerful fields and features Digital form fields and features can significantly improve the completeness and professionalism of your manufacturing contracts and service agreements. Your manufacturing forms can be easily digitized for use on phones, tablets, and computers, making it easy to generate and dispatch forms from any location.
Getty Images Even during the COVID-19 pandemic, people want—and need—to buy homes. The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. “There is a shortage of houses in many markets. This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services.
Another 2 million borrowers could save an average of nearly $300 a month on a refinance thanks to last week’s 10-basis-point drop in mortgage rates. Recent data from Black Knight found the number of high-quality refi candidates moved back up to 13 million last week — potentially putting $3.6 billion back in to homeowners pockets. On March 25, the data analytics company reported 7 million high-quality candidates fell through the cracks on the market’s “forever rates” after
“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: This article is reprinted from Freddie Mac’s Single-Family division. The Effect of COVID-19 on Appraisal by Danny Wiley, Senior Director of Valuation for Single-Family […].
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.
Elevate your approval workflows with Signature fields configured to ‘clear’ as soon as a form field is edited Configuring your electronic Signature fields to clear as soon as another field has been edited can help to eliminate miscommunication, avoid oversight, and minimize disputes regarding approvals and authorizations. For example, imagine you are a job site superintendent responsible for signing off on a form detailing the steps of a critical safety review.
When Zillow first came out, real estate appraisers would often hear “Zillow says my home value is…” This is usually followed by a cringed face and sigh. To put this debate to rest, o ur lead appraiser John did a sampling of recently appraised homes in Chicago to see how Zillow stacks up against a local real estate appraiser. We first started at what Zillow says about the accuracy of Zestimates.
In modern history, the housing market has never seen a month like March. Record demand and the lowest levels of inventory on record pushed sales prices to record highs in March and made life very complicated for buyers, real estate agents, builders and lenders across the United States. The national median home-sale price hit a record high of $353,000 in March — up 17% from 2020 — according to a new report from Redfin.
For all the talk about how important appraisers are to risk management by the GSEs, we really aren’t. There is a compelling blog post using AEI data by Ryan Lundquist over at Sacramento Appraiser Blog. Appraisal waivers have really exploded in recent years – especially during the pandemic. But how many are there exactly? Let’s look at actual numbers to walk away with some perspective.
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.
Who’s happy at their job? Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. With an impressive job satisfaction rating of 79.4 percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. It’s a sad truth, but only a pitiful 54 percent of American workers report that they are satisfied with their jobs!
How many of your real estate clients have used you before in a home sale? A survey by the National Association of REALTORS® (NAR) said 91 percent of buyers would likely use the same real estate sales agent again or recommend them to a friend. Unfortunately, that number is much higher than clients who actually did use the same agent again. This incredible gap is ultimately caused by lack of follow-up, not staying in touch, and poor client tracking on the part of real estate agents.
The average U.S. mortgage rate fell for the second consecutive week, down nine basis points to 3.04%, according to Freddie Mac’s Primary Mortgage Market Survey. Despite rates mirroring mid-march levels, Sam Khater, Freddie Mac’s chief economist, doesn’t expect them to hold. “The economy is improving on the demand side and on the supply side, a variety of goods and materials remain scarce,” said Khater. “As a result of this imbalance, pricing pressures are building and cau
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 get into his field (not that I’m interested in getting into it at all). We talked about our respective professions and about changes occurring in the real estate appraisal field. We got into talking about what it means to be a CPA, which is different than being an accountant.
Shark Tank's Barbara Corcoran has dealt with her fair share of market downturns—and she knows how to find opportunity in a struggling economy. Here, read her top five tips on becoming (or staying) successful in trying times.
Who’s happy at their job? Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. With an impressive job satisfaction rating of 79.4 percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. It’s a sad truth, but only a pitiful 54 percent of American workers report that they are satisfied with their jobs!
There’s no denying shopping for a home is time-consuming. You have to pay attention to everything – the neighborhood, floorplan, proximity to work, school district and cost. Even if you plan to live in the home for years, you want features that’ll increase your property’s value for when the time eventually comes to sell it. And while homeowners often scramble to renovate kitchens and bathrooms, remember to pay attention to your yard’s foliage. .
The Untethered Worker Is the New Sunbird. Source: The Untethered Worker Is the New Sunbird | Florida Realtors. By Jennifer Quinn. Florida Realtors economist : Turning seasons into verbs – “We wintered in Florida” – was once a trait of wealthy retirees. But a newly untethered workforce working at home because of the pandemic is now also considering weather-based migration, albeit a little differently.
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Who’s happy at their job? Real estate appraisers are! Appraisers have higher-than-usual job satisfaction. With an impressive job satisfaction rating of 79.4 percent , real estate appraisers in the United States are generally much happier at their jobs than other Americans are. It’s a sad truth, but only a pitiful 54 percent of American workers report that they are satisfied with their jobs!
In 2020, housing was an economic bright spot for a nation shuttered inside. Globally speaking, things look much different roughly a year later – jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows.
Getty Images Even during the COVID-19 pandemic, people want—and need—to buy homes. The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. “There is a shortage of houses in many markets. This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at HomeTown.
The United States is awash in debt—trillions of dollars of debt, in fact. But understanding the sheer scope of that debt is difficult. Here are some charts to help you visualize.
Publish updates to your form Templates while protecting data collected within previous versions, with Template Versioning Template Versioning allows users to Publish updates to their form Templates. Each time a Template is Published , a new version becomes available for future forms to be created from. These published changes do not impact forms created from the original version of the Template.
Builder confidence rose one point to 83 for newly built single-family homes in April, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. Builder confidence has not risen above 84 so far in 2021, after reaching 90 in November and falling to 86 in December. The index gauging current sales conditions also increased one point, to 88, and the gauge charting traffic of prospective buyers posted a three-point gain to 75.
Selling, buying, or refinancing a home takes time, and things become even more complicated when you’re dealing with a divorce. Finding a property appraiser in Toronto should be one of the first things on your to-do list. Don’t know where to start? Don’t panic. This short guide outlines everything you need to know. Finding a divorce property appraiser in Toronto.
Real estate doesn't have to be frightening. Investing in college rentals may seem like a good way to find trouble, but careful analysis and screening solve most potential issues.
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