Sat.Apr 10, 2021 - Fri.Apr 16, 2021

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Housing market inventory is starting to recover

Housing Wire

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

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The housing market feels like chaos

Sacramento Appraisal Blog

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 […].

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Appraisers: Fraud is Not Okay

The Appraiser Coach

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.

Appraisal 370
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The Complete Guide to Virtual House Hunting During COVID-19

Cleveland Appraisal Blog

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.

Appraisal 195
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Working with buyers in the nation’s hottest housing market

Housing Wire

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.

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Better Faster Appraising?

George Dell

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?

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More Trending

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6 Fields & Features to Add To Your Digital Manufacturing Contracts

GoForrmz

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.

Contracts 158
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2 million refi candidates eligible after mortgage rate drop

Housing Wire

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

Mortgage 505
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The Effect of COVID-19 on Appraisal Volume

Working RE

“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 […].

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Appraisal Waivers Explosion

Appraiserblogs

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.

Appraisal 141
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ProTip: Clear Signature Fields When a Digital Form is Edited

GoForrmz

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.

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These were March’s hottest housing markets

Housing Wire

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.

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How accurate is a Zestimate vs a Home Appraisal?

Chicagoland Appraisal Blog

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.

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Why Are Appraisers Banned?

Appraiserblogs

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.

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Why Are Appraisers So Happy With Their Jobs?

DataMaster

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!

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Mortgage rates move down to 3.04%

Housing Wire

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

Mortgage 482
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4 Ways to Turn Past Real Estate Clients Into Repeat Business

McKissock

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.

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Barbara Corcoran’s Top 5 Tips for Winning During a Market Downturn

BiggerPockets

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.

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Why Are Appraisers So Happy With Their Jobs?

DataMaster

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!

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Want to boost your home’s property value? Plant a tree

Housing Wire

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. .

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The Untethered Worker Is the New Sunbird

Empire Appraisal Group

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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13 Illuminating Questions Landlords Should Ask Every Prospective Tenant

BiggerPockets

Your tenant application should cover much more than the basics of name, address, and references. Get a full snapshot of each applicant with these questions.

Tenants 78
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Why Are Appraisers So Happy With Their Jobs?

DataMaster

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!

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Higher mortgage rates symbolize an economy rejuvenated

Housing Wire

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.

Mortgage 453
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Here’s What Your Mortgage Lender Wants You To Know About Buying a House Right Now

Realtor

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.

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Here’s What $27 Trillion In Debt Looks Like

BiggerPockets

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.

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Template Versioning: Publish Updates to Your Form Templates While Maintaining Historical Data

GoForrmz

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.

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Builder confidence jumps, despite crazy lumber prices

Housing Wire

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.

Inventory 435
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12 Spring Cleaning Tips and Tricks for 2021

REX Real Estate

12 Spring Cleaning Tips and Tricks for 2021 Doesn’t everyone love the feel of…

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Build a Six-Figure Student Housing Portfolio in Just Eight Steps

BiggerPockets

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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What Does a Commercial Real Estate Appraiser Do?

Real Quantum

What Does a Commercial Real Estate Appraiser Do? W hen people think of appraisers they usually think of residential appraising. Most people’s only experience with an appraiser is when they buy a home. The role of commercial real estate appraiser may not be as well-known, but they have many similarities. What does a commercial real estate appraiser do?

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The purchase mortgage market is back on top

Housing Wire

The share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight ‘s new monthly data report, the Originations Market Monitor. With interest rates continuing to tick up, the purchase mortgage market is where most lenders will focus operations over the next year. Since December 2019, millions of homeowners have been able to save hundreds of dollars a month in mortgage payments by refinancing to record-low mortgage rat

Mortgage 435
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10 Tips on How to Study for the Real Estate Exam and Pass on Your First Try!

CA Realty Training

By Bettina Siochi | 04.12.21. 150 questions, 3 hours, at least a 70%? You got this! The real estate exam is the last step needed to get your real estate license and become an agent. If you’re putting pressure on yourself to perform, then it’s time to ease up the gas and apply these tips to help you study smarter and better. From creating a schedule to mastering your mental game, these study tips will help you feel confident and ready for the real estate state exam. .

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BiggerPockets Money Podcast 187: Tiffany Aliche’s 10 Financial Components to Become ‘Financially Whole’

BiggerPockets

Tiffany Aliche is back for her third appearance on the BiggerPockets Money Show! We’ve talked to her about how to teach your children about money and climbing out from financial […].

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