Housing Wire
JANUARY 25, 2021
Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7% from December 2020 to March 2021, and by 10.5% through December 2021.
Midtown Appraisal Group
JANUARY 26, 2021
Do you know the differences? At first glance, ‘house types’ seems obvious: We all know the difference between a 1-storey house and a 2-storey house, right? But different terminology is used for different types of homes based not just on how many storeys they contain, but also on the way the floors are arranged. Here’s […].
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DataMaster
JANUARY 27, 2021
If 2020 taught us anything, it’s that we have to be comfortable with uncertainty. However, that doesn’t mean we can’t do anything to prepare. (Even if the future is anything but predictable.). Recently, we held a webinar to discuss what appraisers can do in uncertain times to thrive in the future. This is the first episode of our podcast.
McKissock
JANUARY 26, 2021
Tax season 2021 is just around the corner. If you own your own appraisal business, or another type of small business, you may have some questions regarding the best practices for filing taxes. To help you out, we’ve put together a list of resources containing helpful info and tax advice for this year—including a Pro-Series webinar featuring business and tax tips for appraisers.
Housing Wire
JANUARY 26, 2021
Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index. November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% gains seen in October.
BiggerPockets
JANUARY 25, 2021
If you can find one of the financial planners who actually understand real estate strategy, they can give you a substantial advantage.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
McKissock
JANUARY 29, 2021
What skills are correlated with financial success in the real estate appraisal industry? In a recent survey , we asked appraisers to self-evaluate their expertise across categories as expert, growing, novice or failing. Then we took a look at their earnings across those categories. We found that top earners in appraisal excel in a few key areas. Here are three things that high-earning appraisers tend to be really good at: 1.
Housing Wire
JANUARY 27, 2021
The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating that short-term mortgage rates will stay low for years to come. “The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic,” the FOMC added to its updated policy statement.
BiggerPockets
JANUARY 27, 2021
Matt Oviat explains how he has been able to successfully navigate the pricey Utah real estate market by using some creative terms.
AmeriMac
JANUARY 28, 2021
An appraisal is a perfect way to determine your home’s fair market value. It is the main reason homeowners get an appraisal before putting their house on the market. As a buyer, your main objective is to ensure that the appraisal reflects your home’s value without artificial inflation. On the other hand, a seller will also want an accurate valuation when selling the house.
McKissock
JANUARY 26, 2021
Being able to live in a home that you have bought is one of the most rewarding achievements in one’s life. But owning a home carries with it a stream of never-ending attention, awareness, and maintenance. Your home protects you from the weather and other various elements but for it to be able to properly do this you, in turn, have to take care of it.
Housing Wire
JANUARY 28, 2021
Home Point Capital , the parent company of Michigan-based wholesale lender Homepoint , intends to raise $94.25 million dollars in its IPO on Friday. That’s a significant downsizing from the $250 million its private equity backers planned to raise through the sale of 12.5 million shares priced between $19 and $21. Instead, the lender and servicer plans to price 7.25 million shares of common stock at $13.00 per share on Friday morning, the company said in a statement late Thursday evening.
BiggerPockets
JANUARY 29, 2021
Renters insurance can be an added expense for tenants—and yes, landlords can require you carry a policy. Learn more about the benefits of renters insurance.
AmeriMac
JANUARY 28, 2021
An appraisal is a perfect way to determine your home’s fair market value. It is the main reason homeowners get an appraisal before putting their house on the market. As a buyer, your main objective is to ensure that the appraisal reflects your home’s value without artificial inflation. On the other hand, a seller will also want an accurate valuation when selling the house.
McKissock
JANUARY 25, 2021
Your real estate brand is the combination of the qualities, values, and strengths that make you who you are as a real estate agent. Your “you-ness” sets you apart from everyone else. More than that, it’s how people perceive you. That is not so easy to fake—nor should you even try. You are in the people business, and now more than ever, people crave authenticity.
Housing Wire
JANUARY 25, 2021
Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. Analyzing over 8.5 million mortgage originations between 2012 and 2018 from Freddie Mac’ s Single-Family Loan-Level dataset, Haus found that the sweet spot for rates is typically in January, when
BiggerPockets
JANUARY 28, 2021
Meet a real estate investor who is persevering despite several early setbacks on her journey to retire early and be around for her kids.
AmeriMac
JANUARY 28, 2021
An appraisal is a perfect way to determine your home’s fair market value. It is the main reason homeowners get an appraisal before putting their house on the market. As a buyer, your main objective is to ensure that the appraisal reflects your home’s value without artificial inflation. On the other hand, a seller will also want an accurate valuation when selling the house.
Housing Wire
JANUARY 26, 2021
Early COVID housing policy helped servicers care for homeowners in these first nine months of the pandemic with fast forbearances and smart deferrals. Now let’s preview how this will play out for servicers, homeowners and the housing economy in 2021. We’ll begin with the top three ways homeowners are exiting forbearance so far. Top three ways homeowners are exiting forbearance.
Housing Wire
JANUARY 28, 2021
Zillow announced an update to its mobile app Thursday that aids in the fight against rental discrimination, per a company press release. Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.
Housing Wire
JANUARY 23, 2021
Housing demand soared in 2020 as mortgage rates dipped to all-time lows, resulting in a banner year for mortgage originators. But strong demand and a limited housing supply also led to rising home prices, causing some to speculate about a housing bubble. However, HousingWire Lead Analyst Logan Mohtashami isn’t worried. He did a deep dive into the topic in the article Three reasons there won’t be a 2021 housing market crash , and did a follow-up interview with Bloomberg Radio , hosted by Pa
Housing Wire
JANUARY 29, 2021
Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. To put it simply, the last half of 2020 was a seller’s market. But will 2021 be the same? If you’re wondering whether it’s a good time to sell your house, keep reading. Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low.
Housing Wire
JANUARY 27, 2021
LoanDepot , one of America’s largest mortgage lenders, released pricing of its hotly anticipated independent public offering (IPO) on Wednesday. The multichannel lender said it would be selling 9.41 million shares of common stock; funds held by its private equity backer Parthenon Capital Partners would sell 5.59 million shares in the upcoming IPO.
Housing Wire
JANUARY 25, 2021
The U.S. forbearance rate held relatively steady last week, rising one basis point to 5.38% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association released on Monday. The virtually unchanged rate of forbearance volume can be attributed to a stalemate between steady declines in almost every investor class and a whopping 26 basis point jump in portfolio loans and private-label securities, bringing their forbearance share to 8.94%.
Housing Wire
JANUARY 29, 2021
The use of eNotes registered on the Mortgage Electronic Registration Systems increased a full 261% year over year in December 2020. The MERS eNote eRegistry is managed by the Mortgage Industry Standards Maintenance Organization , a subsidiary of the Mortgage Bankers Association. It is used by lenders and market participants to track the control and ownership eNotes.
Housing Wire
JANUARY 28, 2021
The average mortgage rate for a 30-year fixed loan fell four basis points last week to 2.73%, according to Freddie Mac ’s Primary Mortgage Market Survey. This is the second week mortgage rates have ticked downwards since Jan. 14’s sudden jump , but still more closely resembles the rates seen around Thanksgiving. The 15-year fixed mortgage rate also shifted downward to 2.2 from 2.21 the week prior.
Housing Wire
JANUARY 26, 2021
PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer. The company and industry leaders alike mourned his passing, calling him an “esteemed industry leader, visionary and friend.”. “I am deeply saddened to share the news of Stan’s passing,” PMT President and CEO David Spector said.
Housing Wire
JANUARY 29, 2021
Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Total funded loan volume by loan officers in Q4 2020 increased 106% from the fourth quarter of 2019, a data analysis by the software firm found.
Housing Wire
JANUARY 28, 2021
As COVID-19 cases continue to rise, borrowers are facing new financial risks. According to Black Knight, as of late November, 2.73 million homeowners were still in a forbearance plan, down from the May 2020 peak of 4.7 million. Even though the forbearance numbers continue to fall, homeowners are showing signs of distress. As a result, call volume to servicers spiked to a level not seen since last April.
Housing Wire
JANUARY 26, 2021
People often confuse the home appraisal with the home inspection. Appraisals are estimates of a home’s value — and they’re typically required before you can close on your mortgage loan. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Does that mean you should skip one and save the $300 to $700 one will cost you?
Housing Wire
JANUARY 25, 2021
Darwin Homes , a single-family rental property management startup, announced a $15M Series A funding on Monday. Darwin Homes incorporates new proprietary property management software that allows owners and managers to take control over and scale their portfolios across different markets nationwide. The company tripled the number of homes it managed in 2020, and will use the funding to expand from Texas into Florida, Ohio, Tennessee, Colorado and North Carolina.
Housing Wire
JANUARY 29, 2021
Home Point Financial, the parent company of wholesale lender Homepoint , joined the growing ranks of nonbank mortgage lenders listed on the public markets. As HousingWire first reported Thursday night , the company plans to raise $94.25 million on the NASDAQ Stock Exchange in its debut. The IPO is a secondary offering, meaning the company itself isn’t selling shares and will not receive proceeds.
Housing Wire
JANUARY 27, 2021
Digital mortgage platform Roostify announced on Tuesday it has raised another $32 million in a Series C funding round amid a booming real estate market, bringing the tech startup’s total capital to $65 million. Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.
Housing Wire
JANUARY 26, 2021
Amerant Bank , one of the largest community banks in Florida, announced that it is venturing into the mortgage industry with the formation of Amerant Mortgage. The company said this expansion was a direct response to the state’s growing demand for residential mortgages. At the end of last year, the number of closed sales for single-family homes in the South Florida area jumped nearly 24% annually, according to the Florida Association of Realtors.
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