Sat.Aug 07, 2021 - Fri.Aug 13, 2021

On-time rent now counts in Fannie Mae underwriting

Housing Wire

On-time rental payments will now factor in to Fannie Mae underwriting calculations, and missed rental payments won’t keep borrowers from getting a mortgage.

The Best Use of Time (and Money) When It Comes to Renovations

Keeping Current Matters

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in.

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Building Materials Prices Climbing at Record YTD Pace Despite Lumber Declines

Eyes on Housing

Prices paid for goods used in residential construction ex-energy rose 0.2% in July after climbing 3.0% in June (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e.,

Rocket Homes hiring in-house agents, launching iBuyer program

Inman

Rocket Cos., the parent company of the nation's biggest mortgage lender, plans to get into the iBuyer and real estate brokerage business through its Rocket Homes subsidiary.

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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.

Mortgage rates rise to 2.87% after jobs report

Housing Wire

The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines.

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Lot Values Surge at Record Breaking Pace

Eyes on Housing

Lot values for single-family detached homes started in 2020 surged 18%, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data. As a result, the median lot price reached a new record high of $53,000.

First American providing same-day title decisions on eligible mortgage refis, home equity loans

Inman

Taking a page from the playbook of a fintech upstart, the nation's largest title insurance underwriter is making an automated title decision engine available to title agents.

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Soaring home prices are spooking buyers

Housing Wire

Home purchase sentiment dropped 3.9 points to 75.8 in July as concerns about high home prices continued to scare off prospective homebuyers.

Looking for a Place To Call Home? Consider a Condominium.

Keeping Current Matters

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option.

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.

Percent Share of 5,000+ Square Foot Homes Down in 2020

Eyes on Housing

According to the Census Bureau’s Survey of Construction, the share of new homes started with 5,000 square feet or more of living space stood at 2.50 percent in 2020, down from 2.71 percent in 2019. A total of 25,000 5,000+ square-foot homes were started in 2020, compared to 24,000 in 2019.

New Fannie Mae rule may help renters qualify for a mortgage

Inman

Would-be homebuyers with thin credit files will have a better chance of getting approved for a mortgage if they've been paying their rent consistently, thanks to changes to Fannie Mae's automated underwriting system taking effect next month.

Opendoor ramps up but loses $144M

Housing Wire

“We think it’s mainstream,” Opendoor CEO Eric Wu said of his company’s instant homebuying platform. All the homeowners crave what we’re offering.”. Over the long haul,” Wu added, regarding iBuying. “We We think it will be the majority of transactions.”.

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Are Houses Less Affordable Than They Were in Past Decades?

Keeping Current Matters

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995?

Non-Revolving Debt Spikes in Second Quarter

Eyes on Housing

In the second quarter of 2021, non-real estate-secured consumer credit increased at a seasonally adjusted annual rate by 8.8%, with revolving debt1 increasing by 10.7% and nonrevolving debt2 increasing by 8.3%. Consumer credit totaled $4.3

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‘Our office completely burned down’: Agents flee as homes go up in flames

Inman

The Dixie Fire has burned nearly half a million acres in Northern California, and won't be under control for weeks. The blaze highlights the hotter, more fiery reality facing the western U.S.

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The Post-COVID shift: What Amazon and Zillow can’t do

Housing Wire

In just a few months’ time, COVID-19 accelerated the digital shift era to forever change the way consumers approach home buying. This tipping point came after several years of rapid technology growth in our industry.

Where Do You Turn After You’ve Turned Down The Highest Offer?

Toronto Realty Blog

TorontoRealtyBlog. Do you watch basketball? I don’t. I follow pretty much every sport there is because I’m a stats junkie, and I keep a 200-page book of statistics by my bed which is what I read at night when I can’t sleep.

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Rising Job Openings

Eyes on Housing

In the June labor market data, job openings for the overall economy increased to 10.1 million open positions. What had been a challenge in certain sectors, like construction, is now a broad labor access issue as businesses seek workers as the economy reopens.

11 time-saving apps that’ll give you leverage

Inman

Finding efficiencies wherever you can will help you work smarter, not harder. Here are 11 must-try apps that'll save you time, put you in control and keep you organized wherever you go.

Forbearance numbers fall, delinquency rates rise

Housing Wire

Once again, servicers’ forbearance portfolio volume fell — this time dipping seven basis points to 3.40% for the week ending Aug. 1, according to a survey from the Mortgage Bankers Association. Per MBA’s estimate, 1.7 million homeowners are still in forbearance plans.

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Some plants and trees actually lower a home’s value

The American Genius for Real Estate

(REAL ESTATE) You don't have to be a master gardener to know that curb appeal impacts a home sale - let's talk about what to avoid. The post Some plants and trees actually lower a home’s value appeared first on The American Genius Real Estate. Real Estate Big Data Homeownership Real Estate News

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How to develop a valuation for your real estate brokerage?

Realty Biz

I am often asked, “what is the multiple for valuing my company?” Most are generally surprised and somewhat annoyed when I respond simply with — “it depends.” There are numerous factors that impact value, no single, simple and accurate multiple is applicable.

RE/MAX’s Motto Mortgage up and running in 38 states

Inman

Ever since real estate franchising powerhouse RE/MAX decided to apply the company's expertise to the provision of home loans, its Motto Mortgage business has been capitalizing on its status as the only national franchisor in the mortgage broker channel.

Refinances make a comeback in July

Housing Wire

Refinances are flowing once again, according to July mortgage origination figures in a report from Black Knight, and early data from August suggests more are on the way.

New mortgage rule makes it easier for renters to buy homes

The Mortgage Report

A new rule from Fannie Mae will help renters buy homes. If you have little or no credit history, rent payments can now help you qualify for a mortgage. First-Time Home Buyers Mortgage News

Ask Brian: Will My Deck Last Another Season?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Kevin in KY: Hey Brian.

Accepting cryptocurrency in homebuying

Inman

Cryptocurrency has built considerable momentum over the last few years, particularly with the rising value of Bitcoin. Now that it’s making a foray into the luxury real estate market, here’s what you need to know today to be ready for tomorrow.

Rocket announces discount real estate brokerage

Housing Wire

Rocket Homes has plans to start iBuying – and discount real estate. The Detroit-based company – and no. 1 mortgage lender in the U.S.

4 Types of down payment assistance explained (Podcast)

The Mortgage Report

Down payment assistance can help put you in a home if you're short on cash savings. Learn about 4 kinds of down payment assistance and how they work. Buying a home First-Time Home Buyers

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