Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

CoronavirusReal Estate

Renters say they are less likely to renew lease after pandemic

Closed fitness centers, clubhouses, pools and offices contributed

Homeowners isolated because of the coronavirus pandemic are seeking more space away from the city, and renters are feeling the same way.

And despite stimulus checks, the paycheck protection program and other government resources, nearly 61% of households in the U.S. remain vulnerable, according to housing market research from Amherst.

Only 34.1% of renters said their management company has offered a payment plan for May’s rent, while a whopping 65.5% said they are unaware of any local, state or federal programs to help with rental assistance, a survey from SatisFacts said.

Based on current experience in their dwelling, 26.1% of renters surveyed with leases expiring in the next six months said they are likely to renew their lease, 35.9% are likely not to renew and 38% are somewhat likely or not sure at the moment.

On top of that, renters who pay more than $1,750 a month are the least likely to renew, the study found. Just 18.7% of those renters say they are very likely to renew, while 41.6% said they are not likely to renew.

During the month of April, 38.2% of residents experienced at least a 50% decrease in income. Of those renters, 16.7% said the decrease was by 100%. Those aged 18 to 24 had the highest likelihood of a 100% cut in income, at 24%. Meanwhile, those aged 65 and older were least likely to experience a change in income, at 68.8%.

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Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

Oct 25, 2021 By and

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3d rendering of a row of luxury townhouses along a street

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