The threat of natural hazard risk in United States is on the rise. According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. This is nearly 150% more
Housing inventory is about to get better — here’s why
With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through
CFPB’s roadmap for the forbearance exit
The Consumer Financial Protection Bureau (CFPB) today released extensive mortgage servicing regulations it hopes will prevent “unwelcome surprises” for borrowers exiting forbearance. Across more than 200 pages, the CFPB laid out the rules for mortgage servicers to follow in the
Case-Shiller: April home price increase ‘truly extraordinary’
Home prices in April saw an annual gain of 14.6% in April — up from a 13.3% increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. Craig Lazzara, managing director and global head of index investment
House price increases still growing: FHFA
The Federal Housing Finance Agency (FHFA) found that house prices across the nation rose 16% from April 2020 to April 2021. From March to April, house prices across the nation rose 1.8%, surpassing the previous month’s 1.6% increase. Three regions
Inclusivity and Representation Matter
In October of 2020, David Walsh and Juan Sanchez set out to launch CENTURY 21 Bear Facts Realty in Denver, Colorado. They met over 20 years ago, while both in real estate. David and Juan are both passionate about the
Ginnie Mae unveils 40-year mortgage term for issuers
Ginnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups at the top of the housing industry. Only modified loans with terms greater than 361 months and less than
How to Protect Your Home From Flooding: 9 Tips to Follow
When the time comes to buy a home, you’ll likely look at every aspect of your new neighborhood, the home itself, and any climate hazards that might be common in the area. If you’re house hunting in a location where
Servicers’ forbearance share falls to 3.91% of portfolios
Servicers’ forbearance portfolio volume fell two basis points last week to 3.91%, according to a survey from the Mortgage Bankers Association. The MBA estimates two million homeowners are still in some form of a forbearance plan. Broken down by investor type, the share of
Nashville Real Estate Market Trends & Investment Outlook 2021
Nashville’s housing market remains one of the hottest markets in the US. Despite the pandemic-led economic slowdown, there is healthy demand to purchase homes in the Nashville real estate market. Across the nation, we have seen people moving from big
10 Backyard Additions to Create the Ultimate Home Oasis This Summer
Summer has officially arrived. That means warmer weather, backyard BBQs, time for gardening, and longer days spent relaxing outside. That’s why now is also the perfect time to remodel your backyard into a place you’ll never want to leave. There
Should You Buy a House with Popcorn Ceilings?
There are many variables that homebuyers, especially first-time homebuyers, must consider when purchasing a home. Factors such as location, schools, finances, the style of the home, and yes, whether the house has popcorn ceilings. Popcorn ceilings shouldn’t be a deal-breaker,
Christian Siriano Brings High Fashion Home with New Furniture Line
Christian Siriano, star of Project Runway and a mainstay in the fashion world, is known for crafting textural and whimsical red carpet gowns for countless celebrities. Now, he’s translated his aesthetic into a modernist line of furniture for the home.
The appraisal industry’s hidden hand
After attending the eponymous university of pioneering televangelist Oral Roberts, David DeZarn decided that his life’s calling was to be a pastor. DeZarn became an ordained minister – “I married them and I buried them,” he said – and immersed
How to Make the Most Money When Selling Your Home
What’s the number one thing buying and selling a house has in common? Getting the best price possible. Buying a home is one of the most significant financial investments you’ll make, so there’s no surprise why so much time is
Kensington Vanguard acquires Virginia title company
New York-based Kensington Vanguard National Land Services recently acquired Hometown Title and Escrow, a title company based in Virginia. Hometown Title and Escrow is led by industry veteran Sharon Keegan and serves both residential and commercial transactions in the Northern
Virtual Real Estate: The Next Big Boom
When the digital artwork “Everydays: The First 5000 Days” by American artist Beeple sold at Christie’s for $69 million earlier this year, it was clear that a major revolution was afoot. That revolution is the rise of virtual assets, or
Affordability and More Space Are Strong Draws for Canadian Home Shoppers, but Rising Prices and Low Inventories Remain Challenging
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Despite record low rates, 78% of homeowners passed up refinancing last year
New survey finds just a fifth of established homeowners refinanced over the last 12 months Go to Source Author:
Doug Duncan and the housing market’s supply conundrum
The housing market is no stranger to supply constraints. A toxic combination of wildly inflated lumber prices, a lack of new and existing homes, and the sheer number of borrowers willing to pay tens of thousands of dollars over ask
Accurate property condition data is more important than ever – Here’s why
The waning pandemic in the U.S. is opening substantial opportunities across many housing sub-markets. All of these markets benefit from an accurate understanding of valuation and property characteristics, but the data sources that power them leave out a crucial component:
Juneteenth holiday sparks chaos for lenders, LOs
This article first appeared in the June 18th newsletter Lending Life. Sign up here to receive each weekday. On Thursday, President Joe Biden signed a bill into law, declaring June 19th, or Juneteenth, a federal holiday. Biden’s order commemorates the
House flipping hits lowest level since 2000
Only 2.7% of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. Per a report from ATTOM, a national property database, 32,526 single-family homes and condominiums in the
With a reinvigorated CFPB, what’s next for the NYDFS?
Through a stroke of lucky timing, the New York Department of Financial Services (NYDFS) had gained traction with a reorganized and strengthened consumer advocacy mission just before the COVID-19 pandemic erupted in early 2020. Homeowners, renters, borrowers, lenders and mortgage