Fri.Apr 09, 2021

Targeting first-generation homebuyers for financial help

Housing Wire

The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities.

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SoftBank invests $500M in fintech startup Better.com

Inman

Better.com is set to receive $500 million from SoftBank's Vision Fund, according to a WSJ article on Thursday. This places better.com's valuation at $6 billion. Mortgage News Brief Select Technology better.com fintech startup funding rounds softbank SoftBank Vision Fund Vishal Garg

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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. But don’t confuse its new program with iBuying – they’re looking to solve the sell-before-you-buy dilemma in a different manner.

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Building Materials Prices Rise Across the Board in March

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 2.4% in March (not seasonally adjusted) and have increased 9.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e.,

The business case for accessory dwelling units

Housing Wire

One of Mighty Buildings 3D-printed ADUs. Photo credit: Mighty Buildings. Aging parents. College students returning to the fold. Millennials seeking affordable housing in high-priced markets. People with disabilities who can live on their own but need a little family support.

How To Modernize Your Home on a Budget

Redfin

We all have spent a great deal of time in our homes over this past year. And like the rest of us, you probably spent a good chunk of time browsing your favorite real estate app.

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WATCH: Back to Basics 101 — Take some time off

Inman

Founder of Move Over Extroverts Ashley Harwood shares why it’s even more critical to take time away from your business when your crazy busy. Agent Back to Basics Brokerage Lifestyle Select Service Video back to basics michael fanning real estate agent theme-month-202104

How student lending can benefit non-bank lenders

Housing Wire

Over the last several years, non-bank mortgage originators have established a much larger market share. Additionally, non-bank servicers have more than doubled their ownership of servicing rights in the last 10 years.

How to get approved as a self-employed, first-time home buyer

The Mortgage Report

Self-employed first-time home buyers face obstacles other buyers don't. Learn what to expect and how to get mortgage-approved. Buying a home

GSEs won’t buy QM loans under GSE Patch after July 1

Housing Wire

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

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Unify now drumming up business for mortgage lenders

Inman

Customer relationship management tools are no longer just about managing existing clients — they're also becoming integral to generating and qualifying new leads.

Voxtur acquires appraisal software firm Anow

Housing Wire

Canadian real estate technology company Voxtur Analytics Corp. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 million, the company said this week.

Celebrity buyers and NDAs: How secret real estate deals work

Inman

Edward Mermelstein, a real estate attorney and founder of luxury consulting company One & Only Holdings, talks celebs, NDAs and what it takes to work with high-net-worth buyers.

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Riding the Waves of Change: RISMedia Releases 33rd Annual Power Broker Report

RIS Media

What a difference a year makes. This time last year, Power Brokers were sitting pretty, a healthy economy in hand and a bullish outlook on 2020. But a growing concern was also casting a shadow of uncertainty—the nascent COVID-19 virus.

12 videos every agent should make

Inman

If you’d prefer to attract business instead of chasing it, add one of these 12 videos every agent should be making to your list of daily activities, and watch your business explode this year.

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Power Broker Perspectives: Strategies for the Road Ahead

RIS Media

From an inventory drought to a sea change in relocation patterns, market challenges and opportunities have created a wild ride for this year’s Power Brokers.

Fathom subsidiary IntelliAgent acquires tech platform LiveBy

Inman

Fathom Holdings CEO Josh Harley said the acquisition is an integral part of the company's profitability and national portal plans. Brokerage Select Technology Fathom Holdings Fathom Realty Josh Harley LiveBy mergers and acquisitions Naberly Solutions

CoreLogic: Home Price Growth Reached 15-Year High in February

RIS Media

CoreLogic® recently released the CoreLogic Home Price Index (HPI ) and HPI Forecast for February 2021. Home prices continued to increase in February, reaching the highest annual gain since April 2006, as demand continues to clash with historically low supply.

What the proposed CFPB rules mean for mortgage servicers

Inman

The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry. Mortgage Select CFPB Consumer Financial Protection Bureau forbearance Foreclosures mortgage servicers proposed rule servicers

Mortgage and refinance rates today, April 9, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday, extending the period since we last saw a rise. That was March 30. Unfortunately, it was looking first thing […]. Mortgage Rates Now

Actor Rob Lowe buys not 1, not 2, but 3 Montecito mansions for $47M

Inman

After unloading their family home in 2019, Rob Lowe and his wife Sheryl Berkoff snapped up three Montecito mansions for a combined $47 million.

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How to shop for refinance rates and compare offers: 7 steps

The Mortgage Report

If you want to save more money by refinancing your house, make sure to compare refinance rates and lenders. Tips for getting the best refinance rates here. FHA Refinance Mortgage Rates Mortgage Strategy Refinance VA Refinance

From the deep sea to outer space, this real estate exec is going places

Inman

From rafting in the Himalayas to climbing Mt. Kilimanjaro, Connor Group Managing Partner Larry Connor has never been afraid of a challenge. Now he's going to space. Agent Interviews Select adventure entrepreneur Johnson Space Center NASA ocean outer space pilot SpaceX

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Why Real Estate Photography is Important

Realty Biz

We’ve all been there, browsing around on the internet looking at homes that are posted for sale online. It always seems like the pictures are just stunning , right? Nothing brings in potential buyers more than high-quality pictures that just make that home pop off the page.

Compass reveals first new market since initial public offering

Inman

A week after its IPO, Compass announced on Thursday it would expand its services to Delaware with three of the state's top teams.

5 Delightful Dining Room Decor Trends You’ll Want To Copy for Spring

Realtor.com

David Duncan Livingston/Houzz This time of year is always bursting with color outside. And with all those blooming buds and fresh green shoots, it’s understandable that you would want to bring that vibrancy inside , too. Where to start?

Inman Tech Review: JetClosing is fueling mobile adoption of digital title and escrow

Inman

Maybe it feels to some that such a light, easy product can't handle the financial and metaphorical weight of a closing, but JetClosing is an app that proves otherwise.

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What Does ‘Under Contract’ Mean in a Real Estate Listing?

Realtor.com

Getty Images As you scroll through the real estate listings, you might spot a few that say the house is “under contract.” ” But what does “under contract” mean?

How this agent is helping migrating buyers find their dream homes

Inman

With buyers moving across the country to new locales, agents have to be prepared to work much harder amid low inventory woes. This is especially true in Florida, which is seeing an influx of new residents. Here's how this agent is making a difference.

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ATTOM Data Solutions Releases 2020 Property Tax Analysis

RIS Media

ATTOM Data Solutions recently released its 2020 property tax analysis for almost 87 million U.S. single family homes, which shows that $323 billion in property taxes were levied on single-family homes in 2020, up 5.4% from $306.4 billion in 2019. The average tax on single-family homes in the U.S.

Mortgage Changes May Accelerate Canadian Property Bubble, Not Helpful: Big Six Banks

Better Dwelling

Canadian banks have begun to weigh in on new mortgage changes, and they aren’t optimistic. Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced a revision to the uninsured mortgage stress test.

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Top Real Estate Agents in Tustin Ranch: Spotlight On Jennifer Palmquist

First Team Real Estate

When reviewing the top real estate agents in Tustin Ranch, Jennifer Palmquist and her mother Rosemary Karl rank at the top of the list. Specializing in the Tustin Ranch , North Tustin , Irvine and Orange areas , Rosemary and Jennifer have been serving the local community for over 26 years.

Just Listed: Forest Park Treetop Retreat

The Living Room

Forest Park Treetop Retreat. 10272 NW Alder Grove Lane, Portland, OR 97229. Offered at $365,000 | MLS# 21423474. 2 bed | 2 bath | 1,380 sq. Taxes: $6,145.86. Nestled in the treetops of Forest Park, this stunning townhouse is the perfect place to call home!

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It’s getting harder to be approved for a mortgage

Realty Biz

Some buyers might struggle to gain approval for a home loan as lenders are starting to tighten their credit standards. Mortgage Application Denied Stamp Showing Home Finance Refused.