Fairer & Faster Residential Real Estate. Superior quality information, accuracy, and automation arriving 2021. [email protected]
New York, NY
Joined November 2020
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True Footage retweeted
Companies like @FootageTrue, @getesusu + @SelfHelpFedCU use ⭐️equity-centered financing ⭐️ to reduce bias and increase access to lending for people who have been systematically locked out of homeownership #AffordableHousingMonth
ternercenter.berkeley.edu/re…
True Footage retweeted
Narrative Violation : “Don’t invest in MBAs”
If you just invested in the HBS Class of 2011, you would have hit $100B+ in market cap.
- Coupang: $60B
- Grab: $17B
- Gojek: $10B
- Oscar Health: $7B
- Stitchfix: $5B
Lesson? Don’t make up “proxy rules” in a game of outliers.
Transforming the data collection process for appraisal and assessing is the ante for change; anything less is "thoughts and prayers." Identifying the problem ok, fixing it better. Unlimited bias training won't solve alone. Great article from @brentinmock
bloomberg.com/news/articles/…
True Footage retweeted
One-third of homebuyers would relocate if #remotework becomes permanent.
Let’s break down the results from our most recent survey 👇
True Footage retweeted
Refinance demand jumps 105% annually, as mortgage rates set another record low @CNBC @MBAMortgage cnbc.com/2020/12/16/refinanc…
Hot Take: 2021 will eclipse record breaking 2020 year for mortgage market. Interest rates stay low, virus pushes young families towards more space, and vaccinated boomers take adv. of low prices in cities & sell at suburban peak, unlocking much needed suburban inventory.
Innovations accelerating the home sale process are here to stay even when health fears subside and even if interest rates rise. @issiromem
nytimes.com/2020/12/03/upsho…
Avg. sized purchase loan hit all time high last week and markets are seeing tons of bidding wars. Real time dataset for comps to size loans correctly given velocity of market is non-existent. Comps from 90 days ago are low & stale. 🙃
Get what you pay for. $127K implied value difference w two divergent square footage numbers. Data inaccuracies are crushing consumers @streeteasy
True Footage retweeted
with record low mortgage interest rates and tight supply of homes for sale, house prices have been accelerating across the country
the chart below shows the 3-month annualized rate of growth by state
True Footage retweeted
A record 19.4 million homeowners can now save big on a #mortgage refinance, as rates hit another new low cnb.cx/3nSEc8L #Mortgagerates #refinance #housing
True Footage retweeted
NEW-- FHFA releases Q3 2020 House Price Index report:
U.S. House Prices Up 7.8 Percent from Last Year;
Prices Rise 3.1 Percent in Third Quarter
ow.ly/RUUI50CtmQ3
Article today from @timothyglaze at @housingwire:
Oct. mortgage turnaround times up to 48 & 57 days for purchase and refi loans. That's 22 days more than turnaround time in March Why? increased volume. How to fix? Data collection digitization and process innovation
Check out this apt. It's real square footage is 22%/522 SF off it's advertised. According to @streeteasy, the building sells for $3400 PSF, meaning $1.8MM is wrongly captured.
2020 is an inflection point for all industry and hindsight will show mortgage industry as near top of list of most transformed. Potential ending of Fannie and Freddie conservatorship is a story to watch as we head into end of this year.
True Footage retweeted
The Covid-19 pandemic is accelerating demographic shifts to the suburbs and attracting new pools of capital to single-family rental homes trib.al/CxdeHhG
September GSE loan volume: 835,000+ transactions with 47% of Freddie and 42% Fannie transactions getting an appraisal waiver 🧐
True Footage retweeted
NAR's Yun expects a brisk winter housing market. He also talked about multi-generational homes, Biden's proposed homebuyer tax credit, mortgage rates, inventory and more. housingwire.com/articles/nar…
Appraisal king @jonathanmiller says a hybrid approach to appraisals is the future. We agree. nytimes.com/2020/11/11/reale…
