P1 WILL THE TIDE FINALLY TURN FOR FEDERALLY SUBSIDIZED FLOOD INSURANCE?
President Trump’s 2018 budget proposal says it’s time to restructure user fees for the National Flood Insurance Program (NFIP) “to ensure that the cost of Government services is not subsidized by taxpayers who do not directly benefit.” This sounds like pretty mundane stuff, but what it really means is higher premiums if the proposal goes through. How high? High enough to potentially result in lower property values and far fewer sales along America’s beaches, riverfronts, and lakesides. The mortgage industry has finally begun to move from the Dark Age into the Digital Age. With the recent introduction of the online mortgage, the piles of paperwork and endless back-and-forth that characterized the traditional mortgage process are now being replaced by online applications, document uploads, and e-signatures. But for homebuyers born into the digital age, simply retro-fitting the complex, opaque old-school mortgage application into an online form isn’t enough to meet their expectations of quality service. Prospective home buyers who want to pay the lowest possible property taxes should purchase an investment property in Alabama in a congressional district with a Republican representative, according to an ATTOM Data Solutions analysis of property tax data for more than 84 million single family homes nationwide. The older property, the better, and it also helps if the owner is unmarried and holds on to the property for more than 20 years. P14 BIG DATA SANDBOX: HOW TO GET AWAY WITH PAYING THE LOWEST PROPERTY TAXES P10 MY TAKE: MORTGAGE OF THE FUTURE WILL BE DESIGNED FOR DIGITAL NATIVES
P15 SPLITTING THE ATTOM: IN SEARCH OF THE GOLDILOCKS PRE-MOVER LEAD
Most pre-mover leads available today are either too hot or too cold. The first two methods of generating pre-mover leads — modeled public record data and listing data — generate a high proportion of leads that are all sizzle and no steak. The third traditional method for generating pre-mover leads — sales deed data — is too cold in the sense that the lead by definition lags the actual move. But there is now another option that is “just right.”
P19 NEWS BRIEFS
P20 DATA IN ACTION: TOP 25 SINGLE FAMILY RENTAL GROWTH MARKETS FOR 2017
In all 25 counties, average weekly wages increased at least 5 percent annually and outpaced growth in fair market rents. All 25 counties also had gross annual yields of 9.5 percent or higher. See all the numbers in-depth and view an interactive heat map showing 2017 SFR potential for 375 markets nationwide.
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