Housing Wire

FEBRUARY 24, 2021

New home sales in 2021 picked up right where they left off in 2020, near their highest levels in more than a decade thanks to low inventory. The state of the market means increased competition among homebuilders, who are grappling with how to keep prices affordable as their own costs rise. Sales of new single-family houses in January were at a seasonally adjusted annual rate of 923,000 — 4.3% above December’s rate, and a whopping 19.3% higher than original estimates by the U.S.

Marketing 538

Marketing Development Inventory Buyers 538

Miller Samuel

FEBRUARY 24, 2021

As I've chronicled in the Appraiserville section of my Housing Notes newsletter since 2016, the scale of bureaucratic self-dealing of the executive committee and some members of the board of directors is breathtaking. Over the past decade or more, AI National has been able to keep a lid on the membership backlash by threatening to remove a member's credentials for speaking out.

Appraisal 259

Appraisal Design Contracts Real Estate 259

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021. Millennials are Different Than Their Predecessors. Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest G

Inventory 174

Inventory Construction Buyers Supply Chain 174

Yolo Solano Appraisal Blog

FEBRUARY 25, 2021

Are you familiar with the Freddie Mac House Price Index? Go take a peek. Freddie Mac House Price Index The FMHPI is your friend. The index reports monthly change in house prices for national, state, and metropolitan statistical areas (MSAs). The data series starts with January, 1975 and usually runs two to three months behind […].

Appraisal 158

Appraisal Real Estate 158

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

Construction

Housing Wire

FEBRUARY 25, 2021

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. On Feb. 9, the FHFA extended forbearance plans an additional three months past beyond their initial 12 month expiration. With the latest edict, the agency is now allowing borrowers up to 18 months of coverage.

Finance 523

Finance Mortgage Government Real Estate 523

Simonson Real Estate

FEBRUARY 26, 2021

Simonson Appraisals had a unique opportunity to do a deep dive in 2020 to develop an understanding of the impact of multiple factors affecting the Minneapolis apartment market. Our firm appraised a portfolio of apartment buildings in the Loring Park neighborhood in March 2020 two weeks after COVID-19 was announced as a global health pandemic. We provided additional services six months later in October 2020.

Landlords 117

Landlords Tenants Buyers Development 117

Midtown Appraisal Group

FEBRUARY 23, 2021

If you’re like many Canadians, you’ve grown up thinking that one day, you’d be buying your own home. It seems like a pretty normal thing to do – until you’re actually doing it for the first time, yourself.

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Housing Wire

FEBRUARY 24, 2021

Extreme increases in lumber prices have caused some people to go bearish on new home sales. Not this one! If we play a version of rock, paper, and scissors with lumber prices and mortgage rates, mortgage rates will win. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs.

Housing Market 516

Housing Market Mortgage Inventory Development 516

Appraiserblogs

FEBRUARY 24, 2021

If we value higher, what about affordability?… A great deal of economic, social, and political talk has been around affordability of housing. To explore this topic, it may be helpful to ask some questions. Good policy starts with the right questions. In simplest terms, some people have the resources to have nice homes in nice neighborhoods, others have just tolerable homes for shelter.

Appraisal Process 147

Appraisal Process Appraisal Valuation Finance 147

BiggerPockets

FEBRUARY 25, 2021

Mobile home parks are big investments—and real estate investors must ensure the park is a good fit. Consider these criteria before buying.

Real Estate 78

Real Estate Investors Investing 78

Annarbor Appraisal

FEBRUARY 26, 2021

A bit of color in some charts for your reading pleasure. This information is from the Ann Arbor Area Board of Realtors MLS run on a monthly basis, and includes all the Ann Arbor school district, single family detached housing only, no new construction or to be built, no condominium units. Data tracks from 1/1/19 forward and it includes several things that we watch as appraisers.

Realtors 78

Realtors Contracts Construction Marketing 78

Housing Wire

FEBRUARY 26, 2021

In Mississippi, single women on average paid 3.47% on a 30-year, conventional fixed-rate mortgage in 2019. But single men on average paid 3.37%, according to the latest HMDA data available. Over the lifespan of the mortgage, the single woman in this instance will have roughly $7,000 more in mortgage payments than the single man. Patrick Boyaggi, CEO and founder of Massachusetts-based lending startup OwnUp , says this issue hasn’t drawn enough attention in the mortgage space.

Mortgage 514

Mortgage Lending Finance Business 514

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021 Millennials are Different Than Their Predecessors Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest Gen

Inventory 78

Inventory Construction Buyers Supply Chain 78

BiggerPockets

FEBRUARY 22, 2021

Electing to tax your LLC as a S corp can lead to big tax breaks—but there are drawbacks, too. Read on to learn about the pros and cons.

Business 78

Business 78

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. In fact it’s been quite the opposite. We are still seeing historically crazy numbers across the board. Indicating that not only are we firmly planted in a seller’s market, but a historically crazy seller’s market.

Real Estate 69

Real Estate Marketing Inventory Sellers 69

Housing Wire

FEBRUARY 23, 2021

We may never again see a year like 2020. That’s somewhat somber news for the lenders who benefited from a series of downright strange conditions to generate more refi business than anyone in March could have imagined. Both Fannie Mae and Freddie Mac reported that refis made up about 70% of their mortgage activity in 2020, and, driven by weeks upon weeks of record low mortgage rates, refis accounted for 51% of all the volume LO’s funded in Q4, soaring 158% from the same period in 2019.

Mortgage 514

Mortgage Business Marketing 514

DataMaster

FEBRUARY 25, 2021

Millennial Homebuyers Rule 2021. Millennials are Different Than Their Predecessors. Millennial homebuyers are the largest homebuying group in the United States. That makes it important for real estate professionals to understand this group and the impact they had on the 2020 real estate market and the impact they will have on the 2021 market! After all, if you’re in one of the older generations (the often ignored Gen X; the second-largest home-buying group, the Baby Boomers; the Greatest G

Inventory 78

Inventory Construction Buyers Supply Chain 78

BiggerPockets

FEBRUARY 22, 2021

In 2021, more of us than ever are working remote. But staying productive in the home office isn't always easy. Here, 9 pro tips to win at working from home.

Business 78

Business 78

On Q Financial

FEBRUARY 22, 2021

Buying a home is one of the most significant financial decisions of one’s life. As a result, buyers should want to find any ways to save on the final price tag. One of the most influential factors on a house’s price tag is when you choose to buy. What factors should you consider when buying a home? To ensure you buy your next home at the right time, you may want to consider everything that can affect the home price.

Real Estate Agent 68

Real Estate Agent Inventory Sellers Finance 68

Housing Wire

FEBRUARY 25, 2021

The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump last week pushed mortgage rates to 2.97%, according to Freddie Mac ’s Primary Mortgage Market Survey. The average mortgage rate hasn’t risen this high since the end of July 2020, but Sam Khater, Freddie Mac’s chief economist, noted higher rates signals an economy slowly regaining its footing.

Mortgage 493

Mortgage Lending Inventory Buyers 493

Empire Appraisal Group

FEBRUARY 25, 2021

Why Aren’t Homeowners Selling? Lots of Good Reasons. Source: Why Aren’t Homeowners Selling? Lots of Good Reasons | Florida Realtors. In 2010, owners stayed for 8.7 years; in 2020, it was 13 years. Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down. NEW YORK – Housing market inventory remains tight as homeowners hold onto their homes longer.

Realtors 60

Realtors Inventory Real Estate Sellers 60

BiggerPockets

FEBRUARY 24, 2021

The data is in: In many parts of the country, owning a home is cheaper than renting. in most metro areas. Learn more here.

Real Estate 74

Real Estate 74

McKissock

FEBRUARY 26, 2021

Is it time to take the next step in your appraisal career? A license upgrade can give you a much-needed advantage in the local market and offer you greater control over your fees and more stability in your work. Recent survey data shows that a higher license level means more money and more choices for the assignments you decide to take on. If you’re thinking about upgrading your appraisal license, why wait?

Appraisal 56

Appraisal Real Estate Development Marketing 56

Housing Wire

FEBRUARY 22, 2021

During breaks in nearly every televised basketball game, it’s there: Tracy Morgan imploring pensive homebuyers “pretty sure” is not enough, and that they can only be certain about their giant life choice with Rocket Mortgage. “Find the right mortgage with a local broker and Rocket technology,” intoned the narrator on the commercials, which premiered during the Super Bowl.

Real Estate Agent 493

Real Estate Agent Real Estate Loan Officers Realtors 493

REX Real Estate

FEBRUARY 23, 2021

We love our furry friends, but they can do some serious damage when it…

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BiggerPockets

FEBRUARY 22, 2021

Welcome to episode 173.5! Yesterday you heard from Brent, a former registered nurse who paid off over $100,000 in debt and started a mobile pizza truck! Brent’s original interview was […].

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McKissock

FEBRUARY 21, 2021

Inheriting a house is likely to be one of the greatest gifts you can ever receive from a loved one or family member. However, receiving such a gift can sometimes come with its fair share of expenses and other headaches. Specifically referring to things like the time and cost to maintain the property, as well as any taxes and levies that might come with it.

Real Estate Agent 56

Real Estate Agent Property Taxes Real Estate Legal 56

Housing Wire

FEBRUARY 24, 2021

For the first time since March 2020, the national mortgage delinquency rate fell below 6% to 5.9% in January, according to data from Black Knight on Wednesday. At the current rate of improvement, the data giant estimates 2.1 million borrowers remain 90 or more days past due though are not yet in foreclosure. While modest mortgage delinquency improvements have occurred for several months, loans considered seriously delinquent are still five times that of pre-pandemic levels.

Mortgage 482

Mortgage Government Development Housing Market 482

Buys Brokers Only LLC

FEBRUARY 21, 2021

Despite a dramatic rise in real estate prices statewide in 2020, the median price of a single-family home in Ashland, Massachusetts declined last year, according to data compiled by the Massachusetts Association of Realtors.

Realtors 55

Realtors Real Estate Marketing 55

BiggerPockets

FEBRUARY 22, 2021

There are often standard prerequisites for starting a company. First, you need to go get a degree for a certain field, then you need to find a job that is […].

Business 71

Business 71

McKissock

FEBRUARY 23, 2021

Want to know which CE courses are trending right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to online appraisal classes and a variety of professional development videos, checklists, and other resources. Here’s a look at the most popular and highly-rated appraisal CE courses among our appraisal membership community over the past month.

Appraisal 52

Appraisal Inspection Development Design 52

Housing Wire

FEBRUARY 23, 2021

December saw a double-digit annual increase for home prices across the country, according to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. The nine U.S. Census regions showed a 10.4% annual gain in December, up from 9.5% in the previous month. The 10-city composite annual increase came in at 9.8%, up from 8.9% in the previous month.

Inventory 468

Inventory Finance Contracts Construction 468

National Association of Realtors

FEBRUARY 25, 2021

The 2020-2021 Uniform Standards of Professional Appraisal Practice (USPAP) will now be effective until December 31, 2022.

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Appraisal 46