July, 2021

Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice.

The Truths Young Homebuyers Need To Hear

Keeping Current Matters

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more”. “1

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Desire for Homeownership Continues to Increase

Eyes on Housing

Seventeen percent of American adults are considering the purchase of a home within a year, according to NAHB’s Housing Trends Report for the second quarter of 2021.

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MORE AMORIN INFLUENCE (MAI): The AI National Nominating Committee Design Is Being Attacked By FOJs

Miller Samuel

To all members of the Appraisal Institute: Before I start, I wanted to share what the Appraisal Institute's MAI designation is referred to by many of its members. I learned these two from an MAI instructor years ago (pre-merger) who told our class (as if to motivate us?)

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Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Inman is being acquired by Beringer Capital

Inman

Brad Inman retains an ownership stake and the current team will continue running the company, with plans for significant growth. Agent Industry News Select acquisition Adweek Beringer Capital brad inman inman josh albertson Lu Cacioppo mortgage title

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More Trending

The homebuyer journey is changing – So should you

Housing Wire

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance.

A Look at Housing Supply and What It Means for Sellers

Keeping Current Matters

One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you.

Why Builder Lumber Prices Remain Higher than Headlines Suggest

Eyes on Housing

Lumber futures prices have decreased by 52 percent (on a front-month basis) over the past seven weeks as mill prices have fallen 48 percent over the same period.[1] 1] In contrast, prices paid by builders since late May have declined by a fraction of that impact.

Cybercrime Hits Title Industry: Cloudstar Victim of Ransomware Attack

RIS Media

Cloudstar, a company that operates five data centers and provides support to title professionals throughout the U.S., is the latest victim of a “highly sophisticated ransomware attack.” ” The company released a statement on Sun., July 18 announcing the cyber attack.

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Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

LoanDepot’s ‘Grand Slam’ offer bundles agent, mortgage and title insurance

Inman

LoanDepot and its agent matching subsidiary, mellohome, will offer cash rebates of up to $7,000 on bundled services. Agent Marketing Mortgage anthony hsieh LD Settlement Services LLC loanDepot Mello Home Services LLC mellohome MelloInsurance Services LLC

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What to Know About Closing on a Home

Point2Homes

Image: Friends Stock / Shutterstock.com. As you plan to purchase your first home, you might find that there are a few stressful aspects of the homebuying process that can make or break your purchase: One is when you first apply for a mortgage and another is when you close on a house.

Cash buyers are scooping up homes like mad

Housing Wire

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. As of July 14, nearly one-third of U.S.

3 Charts That Show This Isn’t a Housing Bubble

Keeping Current Matters

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. The housing market isn’t driven by risky mortgage loans.

Housing Nearly 17% of GDP

Eyes on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory.

Down payment assistance programs in every state for 2021

The Mortgage Report

Down payment assistance is widely available, but many who qualify don't even know about it. Find out if you qualify for home buying help. Buying a home

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How To Navigate The UK Property Investment Market In Q3

Realty Biz

As with the rest of the countries in the world, the United Kingdom’s property market is one of the main drivers of the economy. This, despite the slight dip in the country’s gross domestic product (GDP), contracting at 1.6% in the first quarter (Q1) of 2021, per Office for National Statistics. .

Mortgage rates hit new all-time low for 15-year loans

Inman

Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well. Banking & Lending Markets & Economy Mortgage freddie mac mortgage rate Sam Khater

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Home sales are beginning to stall as buyers hit their limit

Housing Wire

Home sales fell 1.2% from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May.

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4 Major Incentives To Sell This Summer

Keeping Current Matters

While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are four things to consider if you’re trying to decide if now’s the right time to make a move. Your House Will Likely Sell Quickly.

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Price of OSB Up More Than 500% Since January 2020

Eyes on Housing

Framing lumber prices garnered more attention than any other building material over the past year as prices quadrupled between April 2020 and May 2021.

Who should buy a house in 2021, and who should wait?

The Mortgage Report

Should you buy a home right now? That depends on your budget, location, and financial plans. Learn about the pros and cons of buying a house right now. Buying a home

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Real Estate Capital Gains Taxes When Selling a Home Including Rates

Maximum Exposure Real Estate

Home Selling and Real Estate Capital Gains Taxes Do you know how real estate capital gains taxes work when selling a house? Selling your home can net you a significant return. But what does the tax man have to say about it?

BREAKING: Justice Department withdraws from settlement with the National Association of Realtors

Inman

The antitrust regulator said the trade group refused to modify the deal to protect the agency's ability to investigate other NAR conduct that could impact real estate competition.

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How Delta variant may impact housing market

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal.

What You Should Do Before Interest Rates Rise

Keeping Current Matters

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average.

Prospective Buyers Continue to Turn into Active Buyers

Eyes on Housing

Of the 17% of American adults considering a future home purchase in the second quarter of 2021, 61% have moved beyond planning and are already actively trying to find one to buy.

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Back to Normal

BubbleInfo

Random thoughts: Having 130 NSDCC homes in June sell for $100,000+ over list price should be an all-time record. If we had half that many, it would be astonishing! But those were decisions made in April and May.

Having a Dual Agent: Why Buyers & Sellers Should Avoid it

Maximum Exposure Real Estate

What is Dual Agency and How Does it Work? Are you wondering what dual agency is and how it works? One of my duties as a real estate agent is to explain how agency law works in Massachusetts. I am required by law to present agency law at my first meeting with a prospective […].

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Condo prices jump more than 20% as sales rebound across the US

Inman

A new Redfin report found that the median price of a condo hit an all-time high of $304,000 in June. Listings Luxury Luxury Lens Markets & Economy condo prices condos Darryl Fairweather Redfin

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