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Portrait of a pre-foreclosure peacemaker

Housing Wire

That homeowner over the years has referred 10 refinancing opportunities to Sandoval. The sharks are circling now,” she said, referring to the predatory pre-foreclosure players who may try to buy at a lowball price or offer the homeowner a too-good-to-be true solution that leaves them worse off. “As

Retail 448
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Equity jumps for Black homeowners, but problems remain

Housing Wire

The brokerage calculated home-equity gains throughout 2020 for each neighborhood type for homeowners who purchased a home anytime during 2019, using January 2021 Redfin Estimates as a proxy for current market value. The terms “Black homeowner,” “white homeowner,” etc.

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Seattle’s already-hot real estate market is exploding

Housing Wire

The number of days on the market before an offer is accepted is usually six days, and everyone knows it’s going to sell above market value.” For reference, a recent study from the National Association of Home Builders found that lumber prices are adding an average of nearly $36,000 to the cost of a new build.

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Joint ventures between title firms and real estate companies are under the microscope

Housing Wire

First, certain disclosures must be made to the consumers who are being referred. And third, the only thing of value that the referring party may receive is a return on an ownership interest. “To qualify for the safe harbor, an affiliated-business arrangement must meet three statutory conditions,” the authors argue.

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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

The rising tide of a booming housing market, which has lifted all home price boats, is partially to thank for the steady rise in the share of foreclosure sales with surplus funds over the last five years. 36,000 Surplus per Sale.

Retail 459
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A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. You can pull the comps on it for reference.

Appraisal 370
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Supporting Market Conditions Adjustments: A Comprehensive Guide for Appraisers

Appraisal Buzz

Understanding these nuances is crucial for ensuring that time adjustments accurately reflect changing market conditions. To illustrate, Fannie Mae provides an example where the overall market value trend for a 12-month period increased by 7%.

Appraisal 358