Buying a new home is an exciting moment in anyone’s life — whether you’re finally ready to make the leap from renter to homeowner or you’re an experienced buyer. However, even if this isn’t your first rodeo, the homebuying process
New York City Real Estate Market Overview 2020
We’ll be discussing the current state of the NYC real estate market, and also for the state of New York. August 2020 was marked by the lowest median sale price of the year at $665,000 and sales dropped 19% below
Cap Rate Calculation: How To Use Cap Rate In Real Estate?
Capitalization Rate or Cap Rate is a term often thrown around in real estate discussions. Yet many people don’t really understand what it means. After all, it can be confused with cash-on-cash returns and the rate of return. Here’s what
The forbearance crash bros spoke too soon
The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East. From my perspective, that ball in Times Square can’t
US Housing Market Forecast 2020 & 2021: Crash is Coming?
Here are the updated housing market trends & predictions for 2020 & 2021. The housing market is not only doing well but it also remains highly supportive of the economic recovery of the country. It remains a hot seller’s real
Easy Cap Rate Calculation: How To Use Cap Rate In Real Estate?
The cap rate calculator (short for capitalization rate) is a useful tool as it allows you to quickly get an estimate for how much money the property is expected to make, and how this compares to similar properties in the
RedfinNow expands iBuying to Sacramento, California
Redfin’s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVID-19. As of Friday October 9th, Sacramento, California homeowners can sell their homes and get a cash offer via RedfinNow. “Despite the pandemic,
Feeding the capital markets beast and figuring out pricing in a time of extraordinary uncertainty
Changes to capital markets have been fast and furious over the last year in housing. By some accounts, the growth timeline has been compressed five years. It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists
Experts share insights on business strategies during social upheaval
Alongside the discussions around how the pandemic is changing consumer behavior, how to solve the current inventory shortage and how the economic forecast for 2021 is shaping up, was a conversation much bigger than mortgage and these boom times. It
People movers: Home Point Financial, Kukun, Kairoi Residential
Home Point Financial named Kristin Supancich to the new role of chief people officer where she will be charged with growing and scaling the company. Supancich brings more than 25 years of experience in the workforce and talent industry to
HousingStack Phase 5: Don’t underestimate the power of your real estate back-office systems
HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. Perhaps the least sexy technology to talk about are the
NYC Real Estate Market Overview 2020
We’ll be discussing the current state of the NYC real estate market, and also for the state of New York. August 2020 was marked by the lowest median sale price of the year at $665,000 and sales dropped 19% below
For the first time since April, forbearances fall below 3 million
After a slight uptick the previous week, mortgages in active forbearance plummeted 18%, marking the first time since mid-April the total number of plans fell below 3 million, Black Knight said in a report on Friday. As of Oct. 6,
U.S. Home Prices Up a Record 15%
National median home price hit a new record of $320,625. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending October 4: The median home sale price increased 15% year over year to $320,625—the highest on
ATP scoring paves new path to financial inclusion
Excluding people from the economy is bad for the victims and bad for the rest of the economy too. Why do less business than you could? Why leave people out? The conventional credit scoring system has a serious problem with
Home prices rose by record numbers last week
Home sales are up, and so are the prices. Median home sale prices have made the largest increase on record, jumping 15% year over year for the week ending Oct. 4. The previous largest increase was 14.5% seen in September
What Hurts Property Value? 8 Things to Address Now
Property values fluctuate as a result of many factors, and as a homeowner, it’s important to be aware of factors that can drive home value down. Some of these factors are out of your control, such as market conditions, interest
PAVING THE WAY: Century 21 Latina Leaders Empower Tomorrow’s Real Estate Entrepreneurs
The real estate industry is one which uniquely serves communities across the country with one common goal, to help Americans achieve the dream of homeownership. From differences in gender to ethnicity to sexual orientation, the diverse makeup of home buyers
Fannie Mae’s Doug Duncan offers his predictions for 2021
Doug Duncan doesn’t claim to be an oracle, but the Fannie Mae Senior Vice President and Chief Economist on Thursday offered some forecasts for 2021, even amid a pandemic that has thrown markets into disarray. The country is mired in
Servicers: It’s time to improve decision-making using predictive modeling
HousingWire recently spoke with Yvette Gilmore, senior vice president of Servicing Product Strategy at ServiceLink, about the challenges of portfolio management in the current environment and how machine learning can help servicers streamline the asset-decisioning process. HousingWire: What are the
Pre-Winter Yard Care: The 7 Things You Really Need to Do
You’ve likely spent all summer enjoying and caring for your lawn and yard, especially this year with spending more time at home because of the coronavirus pandemic. Now that leaves are changing colors and the temperatures are dropping, you’ll want
6.5% More Americans Looked to Relocate to Red and Swing Counties than to Blue Counties in the Spring
In search of affordability and space, people are leaving politically liberal areas for conservative places, a trend that’s more pronounced in swing states. Migration to Arizona could play a part in flipping the swing state blue in this year’s presidential
The key to avoiding costly errors amid record-breaking origination volume
HousingWire recently spoke with ACES Quality Management CEO Trevor Gauthier about the importance of quality control among record-breaking volumes and how QC technology can help lenders avoid costly errors. HousingWire: How have recent conditions impacted loan quality management? Trevor Gauthier:
Gary Keller steps back from Keller Williams amid major corporate restructuring
Keller Williams co-founder Gary Keller has stepped down as CEO amid a broader corporate restructuring that will see the creation of a new holding company, KWx, and a new CEO. In an email to Keller Williams’ leaders and agents Wednesday