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Opteon’s Short-Term Rental Analysis provides a more accurate report for short-term rentals

Housing Wire

There has been much back and forth in the industry about reporting for short-term rentals — who should complete the report and what form should be used? Previously, the only way to create a robust report truly reflective of the potential of a short-term rental was to have a certified general appraiser complete a narrative report.

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Reverse mortgages could be a long-term care option: Kiplinger

Housing Wire

Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. Admittedly, it’s easy to see that most people will require some sort of long-term care later in life,” writes retirement advisor Jerry Golden.

Mortgages 509
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Zillow or CoStar? NAR settlement terms could determine a winner

Housing Wire

“While structural changes could ultimately prove to be a positive for real estate portals broadly, we think CoStar’s (CSGP) Homes.com is best positioned relative to the legacy portals (Zillow, Realtor.com ) that face near-term disruption risk with a potential business model transition,” KBW analysts added.

MLS 419
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How deal terms can affect a home’s value

Housing Wire

When we see transactions that are executed at a price that is materially different than FMV, it is usually because the deal terms are imbalanced, favoring either the buyer or the seller. FMV is based on what we consider neutral terms, where the risk is equally shared between the buyer and the seller. the purchase price).

Brokerage 411
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UWM initiates 100 bps discount for conventional rate-and-term refis 

Housing Wire

United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. More relief may come with the Federal Reserve’s decision to hold its short-term policy interest rate steady at 5.25% to 5.5% on Wednesday.

Loans 443
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Airbnb listings plummet as New York cracks down on short-term rentals

Housing Wire

for short-term rentals. 5, hosts of short-term rentals will need to register with the city, The Wall Street Journal reported. Airbnb hosts will have to meet several new requirements, including not renting out an entire apartment or home; and being present during guests’ short-term stays. Starting on Sept.

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Job growth will fuel the housing demand in the long term: NAR’s Lawrence Yun

Housing Wire

On Wednesday, the Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5%. According to Yun, job growth will be the most determinant factor driving housing demand in the long term, while mortgage rate changes will drive demand in the short term.

Mortgages 468