Housing Wire

JUNE 25, 2024

Mortgage rates have leveled off in the past week, according to data on HousingWire ‘s Mortgage Rates Center. Last week, Mohtashami wrote that mortgage application data is signaling increased demand. This is a function of mortgage rates staying in the 7s. from the prior week and 3.3% than the same time last year. “The

Mortgage 415

Mortgage Marketing Property Taxes Sellers 415

Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. Are you planning to buy a home in 2021?

Mortgage 448

Mortgage Property Taxes Loan Officers Sellers 448

Housing Wire

OCTOBER 21, 2024

Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. The average cost of owning a home, beyond the mortgage payment, is approximately $18,000 per year, according to a recent study by Ally Financial Inc.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

SEPTEMBER 24, 2024

The anticipation of lower mortgage rates has frozen many buyers who think they can get a better deal if they wait a few months, not to mention sellers who are loath to give up mortgages in the 3% range. Property taxes are another factor that is slowing things down.

Housing Market 451

Housing Market Marketing Property Taxes Inventory 451

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. They make monthly mortgages more affordable! Why is this a good thing for sellers, you ask?

Property Taxes 482

Property Taxes Sellers Insurance Mortgage 482

Housing Wire

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.

Real Estate 390

Real Estate Clients Tools Sellers 390

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Respondents expected the U.S.

Property Taxes 487

Property Taxes Mortgage Insurance Government 487

Housing Wire

MAY 28, 2024

Philadelphia-based Incenter Lender Services has promoted Sara Parrish to chief operating officer amid a plan to attract independent mortgage banks (IMBs) with variable-cost services. ” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. .

Property Taxes 427

Property Taxes Lending Insurance Investors 427

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates. What to expect with the Fed ?

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Appraisal Buzz

JULY 22, 2024

Auction.com’s latest Seller Insights report reveals that leaders in the default servicing sector are anticipating a controlled economic descent, with gradual increases in foreclosure rates despite sustained high interest rates. through the year’s end. “Our

Property Taxes 389

Property Taxes Insurance Government Sellers 389

Housing Wire

SEPTEMBER 20, 2024

Attom said that flippers have struggled in comparison to other types of sellers in recent years because they’ve exhibited an “unusual pattern” of timing the market poorly. The string of profit-margin gains could be a signal that flippers are beginning to self-correct. The report comes with a few caveats. The typical margin of 30.4%

Property Taxes 443

Property Taxes Renovations Investors Sellers 443

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

Contracts 367

Contracts Investors Sellers Lending 367

Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. According to NAR , elevated home prices , mortgage rates and a limited supply of homes are the top barriers to homeownership.

Insurance 450

Insurance Property Taxes Real Estate Sellers 450

Housing Wire

JUNE 28, 2024

Unfortunately, the Consumer Financial Protection Bureau (CFPB) recently issued a Request for Information (RFI) on mortgage closing costs—including title insurance—that continues a concerning pattern of labeling legitimate, well-regulated, and transparently disclosed costs and services as “junk fees.” The total contribution of U.S.

Insurance 395

Insurance Property Taxes Sellers Development 395

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the seller is eager to sell the property, they might lower the listing price to match the appraisal. On the other hand, the seller might disagree with the appraisal and refuse to negotiate.

Inspection 459

Inspection Appraisal Appraisal Process Buyers 459

Housing Wire

OCTOBER 27, 2023

Sellers get access to the largest pool of buyers and the chance to sell their home for 35% more on average than for sale by owner. Real estate agents know city and county property taxes. They decipher public property information. They coordinate with lenders and research mortgage rates and terms.

Real Estate Agent 488

Real Estate Agent Real Estate Realtors Buyers 488

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As These are market-based decisions.”

Housing Market 397

Housing Market Renovations Marketing Retail 397

Realvals

FEBRUARY 10, 2025

For example, in many states, property tax assessments and sale prices are often part of the public record. These details can give a general idea of a property’s value, but they don’t provide the same level of detail as a professional appraisal. But some property info is public.

Appraisal 78

Appraisal Property Taxes Real Estate Market Value 78

Housing Wire

JULY 10, 2024

Seller / Buyer/ Balanced). Prepare a pricing strategy Many sellers think they understand pricing as well as you do. It’s important to do your research and determine the selling price of the property yourself. Pricing properties is not an exact science, but there are pricing strategies you can apply to help get you there.

Sellers 432

Sellers Real Estate Agents Clients 432

Housing Wire

JULY 24, 2024

Markets in Indiana could see a burst of new activity because of mortgage rates. Property taxes are about the same. Altos considers anything above 30 to be indicative of a seller’s market — and with the number for these three areas landing between 45 and 50, sellers still have the upper hand.

Marketing 446

Marketing Realtors Buyers Property Taxes 446

Appraisal Buzz

JULY 23, 2024

In June, the average interest rate on a 30-year mortgage was 6.92%, while the median house sale price increased by 4% year-over-year to a record $442,525. A persistent affordability dilemma that is affecting purchasers is causing some sellers to lower their prices since their properties are sitting on the market and growing stale.

Buyers 396

Buyers Contracts HOA Property Taxes 396

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Housing Wire

JULY 18, 2023

High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. The quick increase in mortgage rates created an uphill battle for many Americans who want to buy a home by locking up inventory and making the homes that do hit the market too expensive.

Inventory 368

Inventory Property Taxes Buyers Modernization 368

Appraisal Buzz

OCTOBER 3, 2024

Mortgage rates have already fallen more than one percentage point from their 2024 peak, but we have not yet seen a significant increase in the number of homes changing hands. Redfin compared the first eight months of 2024 across various metro areas, property kinds, and neighborhood types in order to measure housing turnover.

HOA 397

HOA Property Taxes Advertising Real Estate Agent 397

Appraisal Buzz

JUNE 10, 2024

mortgage industry is nothing if not competitive. But cost leadership stands as the most effective advantage for any mortgage operation because of the correlation between new loan manufacturing and servicing costs and the ability to compete effectively for new and returning customers. Every basis point matters in mortgage servicing.

Modernization 195

Modernization Architecture Property Taxes Development 195

Appraisal Buzz

JULY 17, 2024

Meanwhile, several looming threats could potentially pull out the cushion completely, including rising “hidden” homeownership costs of insurance and property taxes in many markets, rising delinquency rates for consumer debt such as credit cards and auto loans, and falling values and rising defaults in segments of the commercial real estate market.

Appraisal 221

Appraisal Reconsideration of Value Modernization Property Taxes 221

Birmingham Appraisal

FEBRUARY 11, 2025

If an agent relies on incorrect tax records, they may overprice or underprice the home, leading to: Overpricing: If the homes actual square footage is smaller than reported, buyers may not see the value, leading to fewer offers and a longer time on the market. Disputing property tax assessments. Refinancing a mortgage.

Appraisal 67

Appraisal Real Estate Agent Real Estate Agents 67

Appraisal Buzz

JULY 12, 2024

Cullen: Vacant properties present a number of challenges, not only for the housing market, but also for neighborhoods and communities. When a home remains vacant, it is frequently because the mortgage has not been paid for some time. As a result, many homeowners are putting their move-up plans on hold.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221

Housing Wire

APRIL 27, 2023

By “renovating thousands of homes” absent obtaining building permits, pleadings in the case allege, Invitation Homes was able to “avoid revaluations that would have happened if permits were obtained, thus evading increased property taxes on improved properties.”

Renovations 367

Renovations Investing Real Estate Marketing 367

The Robert Weiler Company

JANUARY 2, 2021

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143

Contracts Tenants Legal Sellers 143

Will Springer Realtor

MARCH 7, 2023

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. For residential parcels, fair market value is generally determined by analyzing recent sales of comparable properties in the same area.

Property Taxes 36

Property Taxes Market Value Real Estate Government 36

Realvals

JUNE 18, 2023

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Mortgage lenders require an appraisal as part of the loan application process.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

Mortgage 69

Mortgage Insurance Inspection Sellers 69

Appraisal Hub

NOVEMBER 30, 2023

In the bustling real estate market of Toronto, understanding the true value of your residential property is more crucial than ever. Whether you’re considering selling your home, refinancing your mortgage, or simply looking to understand your property’s market value, a professional residential appraisal is the key.

Appraisal 78

Appraisal Property Taxes Valuation Market Value 78

Raleigh Realty

AUGUST 20, 2022

When many buyers consider the cost of purchasing a home, the mortgage payment is typically the expense that immediately comes to mind. The seller pays the listing firm. Earnest Money When you find the home you wish to buy, you must submit an earnest money deposit to the seller. This is one thing many buyers don't realize.

Property Taxes 78

Property Taxes Real Estate Agent Insurance Real Estate 78

San Jose Real Estate

SEPTEMBER 23, 2024

What is a seller concession? This refers to anything that the seller gives or grants to the buyer. Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so.

Sellers 36

Sellers Counter Offer Buyers HOA 36

Raleigh Realty

MARCH 29, 2021

You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. From building wealth to making tax deductions, you gain a lot as a homeowner. Build Equity Every time you make a mortgage payment, you build equity in your home. Your gross income is the income before taxes.

Government 148

Government Real Estate Agent Insurance Property Taxes 148