Key Takeaways Pending sales were down 8% from a year earlier during the week ending June 28, although the decline was only 3% after adjusting for seasonal effects. New listings are now down 8% from a year ago, a slight
HousingStack Phase 2: Transaction Management
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. While leads flow from various sources
FHA employs “waterfall method” to expand home retention measures
The Federal Housing Administration announced on Wednesday an expanded menu of its loss mitigation options in succession with the U.S Department of Housing and Urban Development’s eviction prevention and stability toolkit in an effort to help homeowners avoid foreclosure. The
These housing markets are most vulnerable to pandemic impacts
In a second-quarter report from ATTOM Data Solutions, it was revealed that housing markets most at risk due to the economic impact of COVID-19 are located on the East Coast. More specifically, 11 suburban counties around New York City, five
Is a foreclosure wave on the horizon?
As COVID-19 swept across the U.S., shutting down businesses and forcing many into unemployment, fear of a foreclosure wave has been rising. As borrowers came close to defaulting on their loans, rules were set in place that forced servicers to
What would it take to trigger a housing downturn in the second half of 2020?
At its beginning, the COVID-19 crisis had many consumers and housing professionals alike bracing for a housing crash. And with good reason: We were, and are, facing the biggest health and economic shock in recent modern-day history. But what many
People movers: Sierra Pacific Mortgage, Premier Sotheby’s International Realty and Proper Title
Sierra Pacific Mortgage has named Jeff Lochmandy as its vice president and divisional sales director for third-party originations. With over 30 years of experience in the mortgage industry, Lochmandy was previously at HomePoint Financial as its managing director. “I am
Fewer U.S. tenants paid July’s rent
Multifamily housing saw fewer tenants making their rent payments for July as the COVID-19 pandemic worsened. According to RealPage and the National Multifamily Housing Council‘s research, 77.4% of renters living in professionally-managed apartments in the U.S. made their rent payment
[PULSE] Ginnie Mae restricts long-time legitimate business activity of mortgage servicers
Ginnie Mae’s newly imposed restriction on repooling of reperforming forborne loans yet again penalizes servicers acting as essential service providers in the continuing efforts to protect mortgagors facing financial hardship due to COVID-19. Let me count some of the ways
Mortgage forbearances drop to a two-month low
There are 4.14 million mortgages in forbearance this week, a two-month low, Black Knight said in a report on Friday. The number dropped by 435,000 from last week – the largest decline of the pandemic, according to the report. Measured
Wells Fargo loosens jumbo lending requirements for current customers
Wells Fargo announced updates to its non-conforming refinance products at the beginning of July. While the updates loosen the jumbo requirements for current customers, the new standard for customers without a Wells Fargo relationship increased four times the amount it
20 Qualities That Make A Good Real Estate Agent
Lots of people are attracted to a career in real estate — but is it the right future path for you? The thing about selling real estate is that not anybody can do it, but everybody thinks they can. There are some specific skill sets that the best agents in the business tend to have in common, and if you want to be successful, then you want to either already have or be able to cultivate these skills.
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Reasons Covid-19 Won’t Crash the Real Estate Market
The coronavirus has reached a pandemic stage in the world. Data changes daily. Our “front line” workers in the medical field, essential retail, and first responders are to be commended. The rest of us need to adhere to government mandates, washing our hands frequently, social distancing – and being available to listen to those who […]
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5 Essential Financial Steps to Take Before Investing in Real Estate
If you’ve been thinking about investing in real estate, getting your finances in order before you start searching for properties and scheduling appointments will save you from money headaches in the long run.
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11 Components Of A Real Estate Business Plan
If you’ve never crafted your own real estate business plan before, doing it for the first time can feel especially overwhelming. The good news, however, is that if you include certain things in your plan, and construct your plan in a certain order, you’ll have no problem creating something that fits your business where it is — and prepares you for growth next year.
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Does the brokerage matter when selling your house?
Anyone who’s bought or sold a house before is already aware that the right agent can make a big difference in your experience. But what about the brokerage where the agent is affiliated — does the brokerage involved in your home transaction really affect you as a consumer?
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5 Ways to Maximize Your Living Space
Since the real estate bubble burst, people all over the country have started doing more with fewer houses. Here are a few simple tips for getting the most out of your humble abode.
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Annual Home Maintenance Checklist
If you’ve been a homeowner before, you know that just like your vehicle needs regular maintenance like
oil changes to run well—so does your home. It can be easy to ignore or put these things off, but a well-
maintained home will save you money from costly repairs in the long run, and make your home easier to
sell when the time comes.
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How To Move On A Budget
As anybody who has ever bought a house before knows, real estate is quite expensive! Many buyers, although elated that they’re about to be homeowners (either for the first time or in new digs), also realize that they need to budget carefully for their move so they don’t get overextended during their new-home honeymoon.
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How to Effortlessly Save for a New WNY Home
If you’re renting your current home and have your eye on making a home purchase in the near or distant future you might be worried that it can’t be done.
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How To Maximize Space In A Tiny Home
Inevitably when you’re watching one of those tiny house reality shows (we know you know which ones we’re talking about, HGTV!), a buyer who’s looking at a tiny house says something along the lines of, “Well, there isn’t much space/storage room, is there?”
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Seattle Real Estate Market 2020 Overview
The Seattle real estate market always looks nearly as expensive as an overheated market. After a significant decline in the Seattle home prices in the past year, the prices have taken a good jump in the latest quarter of 2020. The
HousingWire to donate to MBA Opens Doors for every magazine social post
In August, HousingWire is relaunching our all-new magazine, and we want to celebrate with something big. To help, we are calling on you and all our loyal readers. In honor of our redesigned magazine, HousingWire will donate $5 to the
Housing Tech Rundown: Notarize, Optimal Blue and TowerHouse Inc.
Notarize on Wednesday announced its partnership with Title365, a division of Xome, that will allow the companies to offer hybrid and fully digital residential real estate closings. As part of the collaboration, Title365 will collect, organize and retain mortgage documents