True Footage

Fairer & Faster Residential Real Estate. Superior quality information, accuracy, and automation arriving 2021.

[email protected]

[Chan Zuckerberg Initiative @ChanZuckerberg]

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

https://t.co/Z0z7v7LBXa

[Romeen Sheth @RomeenSheth]

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.

[True Footage @FootageTrue]

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

https://t.co/AAsmW0aPnJ

[True Footage @FootageTrue]

@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 [email protected] I’d love to talk to your team.

[True Footage @FootageTrue]

@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

[True Footage @FootageTrue]

@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

[Redfin @Redfin]

One-third of homebuyers would relocate if #remotework becomes permanent.

Let’s break down the results from our most recent survey 👇

[Diana Olick @DianaOlick]

Refinance demand jumps 105% annually, as mortgage rates set another record low @CNBC ⁦@MBAMortgage⁩ https://t.co/m5qzCwEl6h

[True Footage @FootageTrue]

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.

[True Footage @FootageTrue]

Innovations accelerating the home sale process are here to stay even when health fears subside and even if interest rates rise. @issiromem

https://t.co/5e4VTOf12D

[True Footage @FootageTrue]

Millennials buying homes during COVID like

[True Footage @FootageTrue]

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. 🙃

[True Footage @FootageTrue]

Get what you pay for. $127K implied value difference w two divergent square footage numbers. Data inaccuracies are crushing consumers @streeteasy

[📈 Len Kiefer 📊 @lenkiefer]

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

[Diana Olick @DianaOlick]

A record 19.4 million homeowners can now save big on a #mortgage refinance, as rates hit another new low https://t.co/WTQVcM9xav #Mortgagerates #refinance #housing

[U.S. Federal Housing (FHFA) @FHFA]

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

https://t.co/d5BBgKa7SM

[True Footage @FootageTrue]

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

[True Footage @FootageTrue]

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.

[True Footage @FootageTrue]

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 @FootageTrue]

@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