Tuesday, 18 February, 2020

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New & Notable Luxury Properties for Sale Over $25 Million – Sotheby’s International Realty | Blog

02/17/2020 Erik Weinbrecht

From the sprawling Palais Vénitien in Cannes, France to nearly three acres on an unrivaled stretch of beach in the Bahamas, these are this month’s four featured notable properties for sale over $25 million. Cannes, France Cannes, France | Côte d’Azur Sotheby’s International Realty A stunning residence inspired by the architecture of Byzantium and Venice, the Palais Vénitien overlooks a magnificent Read more…

Home is Where the Heart is: 7 Romantic Residences – Sotheby’s International Realty | Blog

02/15/2020 sothebysrealty

Featuring firelit spaces, secluded suites, or private terraces with sweeping views, each of these seven homes has a carefully created ambience that’s just right for romance. Casa Leo Linda Montecito, California | Sandy Stahl, Sotheby’s International Realty – Montecito – East Valley Road Brokerage The romance of the Old World pervades this six-bedroom villa, which features graceful decorative elements—including a domed trompe Read more…

Luxury Real Estate Headlines: Third Week in February 2020 – Sotheby’s International Realty | Blog

Erik Weinbrecht

Highlights from this week’s top news stories on luxury and global real estate , art, collectibles, and home. Wilmington, North Carolina | Mark Batson, Landmark Sotheby’s International Realty  The design-build team of Tongue and Groove by Mark Batson report that on April 17, 1877, the John S. Lee lumber schooner was lost at sea. The remains of the old schooner were discovered Read more…

Luxury Real Estate Headlines: Third Week in February 2020 – Sotheby’s International Realty | Blog

02/14/2020 Erik Weinbrecht

Highlights from this week’s top news stories on luxury and global real estate , art, collectibles, and home. Wilmington, North Carolina | Mark Batson, Landmark Sotheby’s International Realty  The design-build team of Tongue and Groove by Mark Batson report that on April 17, 1877, the John S. Lee lumber schooner was lost at sea. The remains of the old schooner were discovered Read more…

Hibernate Luxuriously in This 5,572-Square-Foot Cave Mansion

02/07/2020 Amy Dobson

Stalactites? Check. Waterfall? Check. 4 bedrooms and an illustrious guest list? Check, check! When most people envision their dream home, they describe large kitchens, beautiful hardwood floors and clawfoot tubs. But not John Hay. In the mid-1980s, Hay — founder of the Celestial Seasonings Tea Company and great-great grandson of U.S. Secretary of State John Milton Hay — purchased the Read more…

This Home Looks Like a Barn (But Has Enough Room to Be a Small Castle)

Amy Dobson

If you wanted to, you could drive straight through this home’s living room. But it’s too pretty for that … Like many married couples, the Clarks have a lot in common: a last name, a first name (they’re both Kelly) and an affinity for wide-open spaces — which inspired them to build a 10,000-square-foot barn-style home on 30 acres Read more…

Is This Startup Blending Proptech And Insurtech The Best Of Both Worlds For CRE Portfolio Management?

02/04/2020 Angelica Krystle Donati

Rear view of a relaxing trader who is sitting in front of a trading station which consists of four … [+] screens with financial data. A concept of forex trading. Singapore panoramic view. Getty In my last column, I asked seven leading proptech VCs to share their predictions for the sector in 2020 and beyond. Amongst other things, they expect Read more…

The Hidden Reason Why House Prices Are Too High (And Income Growth Is Too Low) — Appraisal Creep

01/04/2020 John Wake

Does the typical appraisal protect you from overpaying for a house? If it doesn’t, what would that mean for house prices in general? A study looked at a particular set of 8,533 houses that Fannie Mae foreclosed on from 2012 to 2015 and where two appraisals were done on each house. The first appraisals were done right after Fannie took Read more…

Jennifer Micklos, top 1% originator from Movement, to speak at engage.talent – HousingWire

01/30/2020 Housing Wire

Lenders want to understand what’s most important to top producing loan officers, which is why we’re excited to feature Jennifer Micklos, a top 1% originator and branch leader at Movement Mortgage, as a speaker at the engage.talent summit Feb. 6. Micklos has been ranked in the top 1% of mortgage originators nationally every year since 2016, and has also been Read more…

Homeownership rate rises to a 6-year high – HousingWire

Housing Wire

The U.S. homeownership rate rose in the fourth quarter to the highest level in six years as low mortgage financing costs helped more people to buy properties. The share of Americans who own their own home was 65.1%, rising from 64.8% in the same period a year earlier, the Census Department said in a report on Thursday. The homeownership rate Read more…

These home renovations provide the biggest returns

02/14/2020 brian coester

A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images Americans are moving much less frequently. Mobility is actually at a record low, and that is fueling strong growth in the home remodeling market. But not all renovation investments yield equal payback. Overall remodeling returns are shrinking. The cost-to-value ratio Read more…

Low mortgage rates spark refinance boom

brian coester

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Non-QM, Digital Tools; Population Shifts in Lending; Capital Markets

01/21/2020 brian coester

Everyone is aging, right? “I finally did it! I bought a new pair of shoes with memory foam insoles. No more forgetting why I walked into the kitchen!” People change, populations change, and loan officers must adapt. economists have revised 2020 growth prospects higher and revised down recession probabilities, many economic indicators are positive: consumer spending and confidence is high, Read more…

How do Rising Rates Affect Loan Performance?

12/21/2019 brian coester

Mortgage rates rose in October for the first time this year and that increase, while small, is reflected in loans that closed in November according to Ellie Mae’s Origination Insight Report. The average interest rate of loans originated during the month increased to 3.97 percent from 3.94 percent among the October crop. Most likely in response, the percentage of adjustable Read more…

This Week’s Top Stories: Canadian Real Estate Sales Reach Multi-Year Record, As Insolvencies and Population Booms | Better Dwelling

02/16/2020 Better Dwelling

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Sales See Biggest January Since 2008Canadian real estate sales had a really big January – one of the biggest in years. CREA reported 27,195 unadjusted sales in the month, up 11.5% from a year before. This was the largest 12-month increase for January since Read more…

Canadian Real Estate Sales See Biggest January Since 2008 | Better Dwelling

02/14/2020 Kaitlin Last

Canadian real estate sales were on fire last month, and not just in a few regions. Canadian Real Estate Association (CREA) data shows sales across the country jumped in January. The rise in sales was the largest the month has seen in over a decade. That helped to push the sales volumes to the highest January level since 2008. Canadian Read more…

SingleSource Launches Deed in Lieu Title Product

02/17/2020 bcoester

SingleSource, a provider of title and settlement, valuation, real estate-owned (REO) asset management, property preservation, and document management services, is now offering a Deed in Lieu title product that provides full, state-driven searches at 20, 40 and 60 years. As a result of the ever-increasing pool of REO properties, SingleSource devised a thorough end-to-end Deed in Lieu process and has Read more…

Getting Ready for LIBOR’s End

bcoester

LIBOR, the London Inter-Bank Offered Rate, is expected to discontinue sometime after 2021, but as the index used to set many adjustable mortgage rates, what will happen next? Jacqueline Doty, Executive, Product Management, Collateral Risk Solutions at CoreLogic, explained that the end of LIBOR will impact $1.2 trillion dollars in adjustable-rate mortgages. “It means that lenders with loans or lines Read more…