Today’s News Synopsis:
HUD announces assistance for Hurricane Harvey victims. Appraisers respond to Fannie and Freddie “appraisal free mortgage product.” A recent survey from the National Association of Realtors found that 62% of sellers’ agents believe staging a home helps it stay less time on the market as well as increases the selling price.
In The News:
HUD – “HUD Announces Disaster Assistance For Victims of Hurricane Harvey” (8-28-2017)
“U.S. Housing and Urban Development Secretary Ben Carson today announced HUD will speed federal disaster assistance to the State of Texas and provide support to homeowners and low-income renters forced from their homes due to Hurricane Harvey.”
Realtor.com – “Tapping Your Home Equity for Cash Is Big Again” (8-28-2017)
“Rising home prices are getting borrowers comfortable again with the idea of tapping their homes for cash.”
Redfin – “The Wage Gap is Following Women Into Homeownership” (8-28-2017)
“Single women build less home equity overtime than single men, according to a new Redfin analysis of 79,517 homes in purchased in 18 of the largest metros by single women in 2012.”
“Fannie Mae (FNMA/OTC) is reminding those in the Gulf Coast area impacted by Hurricane Harvey of the options available for mortgage assistance.”
“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, has conducted an analysis for the flooding occurring as a result of Hurricane Harvey.”
National Association of Realtors – “Staging: More Money, Fewer Days on Market, Report Shows” (8-28-2017)
“To many real estate pros, home staging has gone from a luxury to a necessity. The National Association of REALTORS® found in a recent survey that sixty-two percent of sellers’ agents believe staging a home decreases the amount of time a home spends on the market, and a third say it increases the selling price.”
HousingWire – “Appraisers raise concerns over Fannie, Freddie automated appraisals” (8-28-2017)
“Last week, both GSEs announced their new appraisal-free product for purchase mortgages, and appraisers are already raising concerns over this new step.”
Inman – “Judge drops case against Zillow Zestimates” (8-28-2017)
“Zillow Group has emerged unscathed from a legal attack on the Zestimate. On Wednesday a judge threw out the lawsuit alleging that Zestimates constitute illegal appraisals and violate consumer protection laws, granting Zillow Group’s motion to dismiss.”
Bruce Norris will be presenting his latest talk 10 Life-Changing Days of a Real Estate Investor with SJREI on Thursday, September 14.
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The Norris Group presents its tenth annual award-winning black tie-event I Survived Real Estate 2017 on Friday, September 22.
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