Housing Wire

NOVEMBER 18, 2020

In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. When inspections are safe and feasible, appraisers are wearing personal protective equipment (PPE) such as masks, gloves and shoe coverings.

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Housing Wire

JULY 27, 2022

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . ’s largest home inspection services providers, to offer customers instant repair estimates. .

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Housing Wire

JULY 24, 2023

The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. Typically, insurers obtain proof that a property has passed inspection from the policyholder. Started in 2016, the inspection database is maintained by the California Department of Forestry and Fire Protection (CAL FIRE).

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Housing Wire

FEBRUARY 28, 2025

The trend is most pronounced in Atlanta, Las Vegas, Houston, and parts of Florida , where increasing housing supply is leading to a buyers market. With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Many are opting to wait out market instability before committing to a purchase.

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Appraisal Buzz

MARCH 17, 2025

So one main difference between traditional lender appraisals and relocation appraisals is the forecasting aspect: whereas lender appraisals determine a current market value, relocation appraisals try to project what the sales price WILL be. The post Relocation Appraisals: The Power of Market Analysis appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 31, 2024

Restb.ai’s technology will be compatible with broker price opinions, appraisals, inspections and forms. “By Certainty is used by mortgage lenders and valuation providers, and ClearValue’s partnership with Restb.ai is designed to allow an AI-powered system to analyze photos of a property for identification and verification purposes.

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Appraisal Buzz

NOVEMBER 13, 2024

About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230. More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success.

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Housing Wire

NOVEMBER 4, 2024

Much of this work was conducted on large national listing portals, but I also utilized Altos Research market reports to track home-price and inventory trends in my search area of southern New Hampshire. I grew up in an 1850s farmhouse and was not going to skip an inspection or an appraisal contingency.

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Appraisal Buzz

NOVEMBER 1, 2024

The integration of Restb.ai’s computer vision technology will offer lenders and valuation providers a streamlined process that works seamlessly across all products, including BPOs, appraisals, evaluations and inspections. customers/appraisals-inspections. Learn more about Restb.ai valuation services at restb.ai/customers/appraisals-inspections.

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Appraisal Buzz

MARCH 31, 2025

I conducted my appraisal inspection as quickly and efficiently as I could and went on to the next unit. The second one occurred just this week, at a fourplex in a suburban setting, but at the end of the appraisal inspection. I recognized her as someone who was in the first unit I had inspected.

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Housing Wire

MARCH 20, 2025

Coordinating property inspections and updated valuations helps maintain collateral value, protecting long-term investment integrity. David Solomon is Senior Director of Business Development and delivery at Newbold Advisors, where he leads the Servicing, Secondary and Capital Markets Practice.

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Housing Wire

SEPTEMBER 9, 2024

The interviews revealed that buyers in some markets are more open to taking on some of the cost of compensating their agents. While Redfin agents are seeing more negotiations, it’s more common in some markets than others. We’ve found a tale of two markets,” Fairweather said.

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Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. The post Is this housing market affordable for the average shopper?

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Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. Altos considers anything over 30 to be a seller’s market.

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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. “But in other competitive markets this is what it takes to buy a house.

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Appraisal Buzz

MARCH 5, 2025

Increasing inventory and reduced demand has tilted the housing market in buyers favor in recent months. As a result, some house hunters backing out during the inspection period because a better house for them has come along or at least the promise of a better house.

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Housing Wire

APRIL 17, 2024

JaroInspect JaroInspect is the mobile inspection tool in the Jaro suite of appraisal tools. 2 The JaroInspect app quickly completes property inspections and utilizes a range of workflow tools to expedite user processes and enhance efficiency. #3 It is now introducing LIDAR floor plan technology to expedite the submission process.

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Housing Wire

OCTOBER 5, 2021

One such way a buyer could make their offer more appealing is by waiving an inspection. In 2021, 65% of sellers reported that they received at least one offer that waived an inspection , but 88% of successful buyers said they got an inspection prior to finalizing their home purchase.

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Housing Wire

JANUARY 29, 2025

Delta’s annual real estate leadership survey explores insights from brokerage leaders on AI, marketing technology and forward-thinking insights. Property inspections rank No. But marketing, communications, data and administrative use cases are catching up, which points toward a more holistic approach from brokerages.

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Housing Wire

OCTOBER 27, 2020

The real estate market is hot right now, and bidding wars are the norm in many parts of the country. For these reasons, you’ll want to be careful about making a contingent offer in today’s red-hot market — not to mention choosy about which contingencies you choose. The post It’s a seller’s market: What does that mean for contingencies?

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. It’s like a horse race. Presented by: Radian.

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Appraisal Buzz

JULY 18, 2022

Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market. It has been advertised that most markets lack substantial supply of homes – especially for low- and moderate-income housing. Another trend to be aware of is the days on market metric. Take a recent example of mine.

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Housing Wire

NOVEMBER 2, 2020

This strong performance was not unexpected, but makes the upcoming 50 basis point adverse market refinance fee more puzzling. So one has to ask, why are they piling on to their earnings with a new 50bps adverse market refinance fee? The implications for the adverse market fee starting Dec. I’ll end with this.

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Housing Wire

APRIL 25, 2024

“It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55. Buyers are really struggling.”

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Housing Wire

SEPTEMBER 30, 2021

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Kansas City, Missouri. One kid will give their parent’s car.”

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Housing Wire

DECEMBER 6, 2024

We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Save time with pre-written newsletters from Market Leader Don’t have time to write three or more newsletters every month? Lets dive in!

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Housing Wire

SEPTEMBER 9, 2020

In the ultra-competitive Westchester market, the odds were stacked against Heather Harrison and her client. Prospective buyers need to be armed with as much data as possible about the market they’re targeting. Spreading out in the hottest market will cost you. “The client went to highest and best on Monday at 5 p.m.,

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Appraisal Hub

DECEMBER 11, 2024

Thats why understanding home inspections and home appraisals is your first step to making a smart investment. Home Inspections: The Detective Work Think of a home inspection as your personal property detective. A home inspection helps you avoid that nightmare. Determines the propertys market value.

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Housing Wire

APRIL 4, 2024

Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. While they have endured a rocky, rates-driven cycle, marketers in mortgage and real estate continue to play a pivotal role in lead generation, customer acquisition and retention differentiation that has helped to keep many organizations stay afloat.

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Housing Wire

MARCH 22, 2021

And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. That’s likely because those strategies are so common in a competitive market. The result: a bottleneck with scores of would-be buyers in a low-inventory market. You won’t win the bidding war.

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Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move.

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Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Appraisal Buzz

JANUARY 27, 2025

There are lots of appraisal management companies and lenders out there that allow trainees to inspect properties. If you put in the initial effort to get your trainees up to speed on inspections (and stay accurate and transparent in reporting the inspector), trainees can help you get more reports out the door.

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Lamacchia Realty

JANUARY 10, 2025

New Massachusetts Law Addresses Home Inspection Waivers: What Buyers and Sellers Should Know A new law passed by the Massachusetts Legislature will soon regulate buyers and sellers options around conducting a home inspection when purchasing a home. The second part of the statute also puts restrictions on the seller. New Law: MGL Ch.

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Housing Wire

SEPTEMBER 22, 2023

Timely, cost-effective and more accurate property pricing estimates are an important part of any institution’s strategy to help minimize risk in residential markets. The AAR consists of an onsite property inspection completed by a local and licensed real estate agent or broker.

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Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets. HW: What are the risk management challenges for REO assets?

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