True Footage

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/research-and-p…

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/…

@glennkelman @InmanConnect @koakley81 @Redfin Square footage is just one input. We need a complete overhaul of data acquisition & standardization across markets to promote fairness and efficiency. Redfin can lead. I can email you or please reach out at John.liss@truefootage.tech I’d love to talk to your team.

@FootageTrue @InmanConnect @koakley81 @Redfin I think most people are making offers based on pictures of the home, an online tour, or an in-person tour led by a friend or family member. But what's your idea for improving the accuracy of property data? I imagine it has to do with divining the true square footage of a listing?

Is there an in-depth resource that explains the data behind @Redfin’s report that 63% of buyers made an offer sight unseen? I trust @glennkelman - but I also want to know exactly what was surveyed to what audience and, you know... all the things 🙏🏻

@glennkelman @InmanConnect @koakley81 @Redfin @glennkelman this whole universe is contingent on the accuracy and verification of property data. If what’s on internet can’t be trusted bc MLS and property records are conflicting/stale/intentionally deceptive, then people are transacting completely in the dark. Redfin can solve

@koakley81 @Redfin We hired a research firm to survey 1,900 North Americans who'd bought a home in the last 12 months. We asked: "Did you, at any point in your home-search, make an offer on a home you hadn’t seen in person?” 63% said yes, up from 32% a year earlier.

@CandaceETaylor Refi vol driven by rates but purchase data shows no historical correlation w/ rates. Covid accelerated inevitable suburbanization in many markets, esp. in NYC & SF. End of Yr you will see vaccinated boomers flooding cities cashing in on record suburban prices and low city prices

Ok, I'm making a controversial statement: The current housing boom that's overtaking virtually the entire nation is primarily due to low interest rates and pandemic boredom, and we may be entering bubble territory. Agree or disagree? Go.

One-third of homebuyers would relocate if #remotework becomes permanent. Let’s break down the results from our most recent survey 👇

Refinance demand jumps 105% annually, as mortgage rates set another record low @CNBC ⁦@MBAMortgage⁩ cnbc.com/2020/12/16/ref…

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/ups…

Millennials buying homes during COVID like

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

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

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

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.

@CandaceETaylor says BK townhouse market is "blistering hot". PSA: if buying in NYC, get property remeasured. Sq Ft is often off (~12%+ ) and your next buyer increasingly likely to be $/PSF driven; so, impt. to know now. TH variability high as half count basement & other spaces