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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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.

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

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.

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.

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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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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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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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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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.

Does it Make Sense to Refinance My Mortgage?

Realty Biz

If you are asking yourself, “should I refinance?” there are many things to consider. Homes are normally the largest expense people ever commit to and one that can have far-reaching consequences on their financial future.

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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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Is it better to pay points for a lower mortgage rate?

The Mortgage Report

Should you pay discount points for a lower mortgage rate? The savings can be huge. But discount points aren't right for everyone. Learn more here. About Mortgages Mortgage Rates

Could online mortgage lenders reduce discrimination against Black homebuyers?

Housing Wire

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price.

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.

Most Common Sidings On New Homes are Stucco and Vinyl in 2020

Eyes on Housing

According to the data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2020 (28 percent), followed by Vinyl siding (26 percent), fiber cement siding (such as Hardiplank or Hardiboard (21 percent), brick or brick veneer (19 percent).

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. .

Olympian to agent: Swimmer Ryan Cochrane talks to Inman about his transition

Inman

Prior to becoming an agent, Ryan Cochrane had already brought home two Olympic medals and was a four-time champion of the Commonwealth Games. Agent Lifestyle News Brief Select Technology Ryan Cochrane the agency The Olympics

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Interview with Mark McLean From Key Living!

Toronto Realty Blog

TorontoRealtyBlog. ? ?. Thanks again to Mark McLean, the Vice President of Business Development at Key Living. If you want to get in touch: Mark McLean. Web: www.lifeatkey.com. Email: mark@lifeatkey.com. Instagram: @marcomclean. Tik Tok: @marcomclean.

Are we back to a normal housing market?

Housing Wire

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market.

3 Hot Topics in the Housing Market Right Now

Keeping Current Matters

If you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report.

Modular and Other Non-Site Built Housing In 2020

Eyes on Housing

The total market share of non-site built single-family homes (modular and panelized) was at 3% of single-family completions in 2020, according to Census Bureau Survey of Construction data and NAHB analysis.

Real Estate Wire Transfer Fraud is Real

Realty Biz

The American Land Title Association (ALTA) says that more than 11,600 people fell victim to real estate wire transfer fraud in 2019, resulting in more than $221 million being stolen. The scams involve huge amounts of money. The scams are sophisticated.

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3 brokers share 7 tips for guiding new real estate agents

Inman

Three real estate brokers share how they help new agents navigate bidding wars, manage finances, and keep their sanity while building their business.

No Foreclosures Coming

BubbleInfo

Regardless where the inventory goes (likely to retreat), the potential home buyers should stay interested, just because of rates staying low. Many of them may be looking forward to when the foreclosures start pouring in. What’s the latest on the delinquencies/forbearances?

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