Housing Wire

NOVEMBER 3, 2023

Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). Change is now in good standing with the CDFI Fund and its next planned certification review is not until 2025, the originator said. “We Levine was fired in March over multiple accusations of workplace misconduct.

Lending 433

Lending Finance Legal Contracts 433

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. We counted 63,000 new contracts started for single-family homes this week. There are now 354,000 single-family homes in the contract pending stage. Home price strength has been the most surprising development in the housing market this year.

Inventory 385

Inventory New Listings Sellers Contracts 385

Appraisal Buzz

SEPTEMBER 5, 2024

A plurality of panelists suggested that hastening the construction permitting process would have the greatest positive impact on housing supply if broadly enacted, following by expanding zoning for multifamily housing developments and enabling more “missing middle” or “light touch density” housing construction. from the same period last year.

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

JANUARY 9, 2025

He also shared his advice for new agents and his take on whether or not social media is still worth the effort in 2025. Develop an avatar of your ideal client and create content just for them. Coffee & Contracts makes it easy. Does social media still work in 2025? Chris advice? Yes, but with caveats.

Agents 369

Agents Real Estate Real Estate Agent Contracts 369

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Overall, this is a positive development for the U.S.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Housing Wire

APRIL 21, 2021

Several lenders have major sponsorships with Major League Baseball teams, including LoanDepot’s nearly $10 million a year-contract for naming rights of the Miami Marlins’ stadium, now called LoanDepot Park. LoanDepot will also be the official presenting sponsor of the League Championship Series until 2025.

Mortgage 368

Mortgage Contracts Brokerage Development 368

Appraisal Buzz

DECEMBER 11, 2024

What changes do you anticipate in 2025? Fannie Mae is not anticipating a substantial shift in the property preservation landscape in 2025. With this process, we expect vendors to be able to develop more efficient routes, reducing travel time and operational expenses. What changes do you anticipate in 2025?

Inspection 396

Inspection Technology Insurance Training 396

Housing Wire

JANUARY 18, 2024

SW: How do you decide what you want to develop next? We expect things to pick up this year, but certainly 2025 should be a great year so ’24 is that bridge year. There is a lot of inefficiency in managing a lot of contracts and integrations are always a nightmare.

Technology 340

Technology Real Estate Architecture Investing 340

Appraisal Today

NOVEMBER 1, 2024

When business picks up, hopefully in early 2025, you need to start thinking about which AMCs you want to work for. While the timeline has not changed, we’ve updated previously provided quarters with specific dates to help the industry develop more detailed plans for implementation activities. Early 2025 Appraiser training starts.

Appraisal 82

Appraisal Training Contracts Mortgage 82

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. The typical Seattle condo is selling for $587,500, up 5.3% since February and 9.8%

Marketing 63

Marketing Inventory Buyers Sellers 63

Appraisal Today

NOVEMBER 8, 2024

by the end of 2025. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.81 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $766,550) increased to 6.98 percent from 6.73 percent from 6.77

Appraisal 73

Appraisal Contracts Modernization Clients 73

Will Springer Realtor

OCTOBER 15, 2024

Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. Meantime, the number of contract listings – known as Pending sales – rose 6.1% We expect home sales to remain muted in 2024 and 2025.” Plus, rates have drifted higher in recent weeks. The broad U.S.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Appraisal Today

SEPTEMBER 13, 2024

My area is almost fully developed, so I did not lose much work. For 2025, we expect an 18 percent increase in total originations, driven by an 11 percent increase in purchase volume and a 37 percent increase in refinances. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.24

Construction 70

Construction Appraisal Contracts Mortgage 70

Appraisal Today

JUNE 28, 2024

million in 2025 (previously 5.29 trillion in 2025 (previously $2.08 We believe this development is consistent with our view of decelerating house price growth through the rest of the year. million in 2025 (previously 5.29 million in 2025 (previously 5.29 trillion in 2025 (previously $2.08 million), and 5.27

Valuation 57

Valuation Appraisal Real Estate Real Estate Agent 57

Appraisal Today

FEBRUARY 2, 2024

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.61

Appraisal 66

Appraisal Contracts Training Real Estate 66

Appraisal Today

AUGUST 16, 2024

Appraisers will need to develop a more flexible pricing strategy that considers the specific requirements of each assignment. Appraisers will probably not see these new types of assignments until sometime in 2025. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 6.49

Appraisal 69

Appraisal Contracts Mortgage Design 69

Housing Wire

SEPTEMBER 5, 2024

Department of Housing and Urban Development (HUD) and the named defendant, Ginnie Mae, filed a motion arguing that a contract clause had been violated by TCB’s choice to file the case in Amarillo, Texas, as opposed to Dallas. The litigation is taking place in the midst of the development of a new HMBS program by Ginnie Mae.

Government 458

Government Contracts Legal Development 458

Appraisal Today

APRIL 19, 2024

The transformation is required at the end of 2026 with testing beginning late 2025. Ernie is the Chief Valuation Officer at Voxtur, where he develops innovative solutions for the valuation industry and expands Voxtur Valuation Services. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.64

Appraisal 68

Appraisal Valuation Contracts Design 68

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MAY 13, 2024

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 13, 2022

In his estimate: “Homebuilding’s going to contract.”. Realtor.com anticipates the market recalibration could last through 2025. Homes go under contract in a median 20 days, up an additional 11 days from only a month earlier. Homes are going under contract at a median of 15 days, 10 fewer days from three years ago.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Appraisal Today

MAY 24, 2024

Finally, the vendor’s use of the photos is limited by contract, with stiff penalties for violation. Appraisal is defined as the act or process of developing an opinion of value, or the opinion of value itself. trillion in 2025 ($2.26 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.42

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81

Appraisal Buzz

DECEMBER 19, 2024

Department of Housing & Urban Development (HUD) has announced changes to help housing providers maintain affordable rents, while keeping up with rising expenses. The Multifamily Assisted Housing Reform and Affordability Act of 1997 (MAHRA) requires HUD to set OCAFs on a yearly basis to establish contract rental rates.

Property Management 394

Property Management Insurance Contracts Development 394

Housing Wire

OCTOBER 24, 2024

Department of Housing and Urban Development (HUD) administers a network of 1,500 Housing Counseling Agencies (HCAs), serving approximately 1 million clients each year. Handling a below-contract appraisal and request for reconsideration of value (ROV). Anticipating issues regarding rate lock and/or mortgage contingency expirations.

Training 430

Training Mortgage Reconsideration of Value Architecture 430

Appraisal Today

NOVEMBER 22, 2024

To read the full article, including tips on how to develop a more positive attitude, plus 2+ years of previous issues, subscribe to the paid Appraisal Today at www.appraisaltoday.com/order. Yun expects there will be four different rounds of rate cuts in 2025. If you are reading this, you are a survivor.

Appraisal 80

Appraisal Training Contracts Mortgage 80

Appraisal Today

NOVEMBER 29, 2024

I also look at Project 2025 to see at what might happen for appraisers in my articles. Your most significant tax decision now is based on if you expect that total taxable income (personal and business) in 2025 will be going up, stable, or down from 2024. as you will need them more in 2025. Well written and understandable.

Appraisal 76

Appraisal Business Contracts Real Estate 76

Appraisal Today

JANUARY 10, 2025

Newz: GSE Privatization, 2025 Forecasts, Unique Homes January 10, 2025 Whats in This Newsletter (In Order, Scroll Down) My comments on topics: This newsletter is long. Almost all the news items I have received are 2025 Forecasts, so I have included someof them in this newsletter. Good overall info for appraisers.

Appraisal 74

Appraisal Clients Business Sellers 74

Appraisal Today

DECEMBER 13, 2024

Department of Housing and Urban Development (HUD) to task in an effort to defend itself against allegations of appraisal bias levied against the lender in an October lawsuit filed by the Department of Justice (DOJ). .” Trump, who first gained fame as a real estate developer, will take office in January.

Appraisal 77

Appraisal Contracts Real Estate Mortgage 77

Will Springer Realtor

SEPTEMBER 10, 2024

The most interesting developments came within the single-family-home category: The number of new listings in August fell 7.5% Homes under contract (also known as Pending listings) fell 6.0% (1790) from July to August in King, though they are up 3.2% Wells Fargo is more aggressive, now predicting rates at about 5.85% in Q3 of 2025.

Housing Market 64

Housing Market Marketing Inventory Buyers 64

Appraisal Today

NOVEMBER 16, 2024

Regardless of prior distancing, it is reasonable to expect Project 2025 to be reflected in much of the Trump administration’s efforts, so I’ll include it here. However, the very fact that appraisals have been mentioned in Project 2025 shows there is some cognizance and desire to seek changes. Worth reading the entire article.

Appraisal 78

Appraisal Valuation Contracts Mortgage 78

Will Springer Realtor

SEPTEMBER 11, 2024

Treasury has also stepped up efforts aimed at boosting affordable housing development. A separate initiative will grant $5M to Seattle in what Housing and Urban Development calls the Pathways to Removing Obstacles to Housing program. The council noted the matter will be considered for the February 2025 ballot. stronger YoY.

Real Estate 36

Real Estate Modernization Government Construction 36