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A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess. Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09.
According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), homebuyer affordability declined in April due to rising interest rates and other costs increasing from a median $2,201 in March to a median $2,256, a $55 increase. The PAPI is calculated by measuring how new monthly mortgage payments vary across time—relative to income—using data from the MBA’s Weekly Applications Survey.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Since announcing their new CEO last year, Rocket has revealed more of its strategy through first-ever leadership positions that all carry one big theme — technology is the path to growth.
Renters, a growing and sizeable portion of home dwellers, are staying put longer than ever according to a new report from Redfin as one in six renters (or 16.6%) stayed in their rental home, apartment, or condo for 10 or more years according to the most recent data available, which ends in 2022. That number of renters staying put for a decade or more increased from 13.9% in 2012.
Renters, a growing and sizeable portion of home dwellers, are staying put longer than ever according to a new report from Redfin as one in six renters (or 16.6%) stayed in their rental home, apartment, or condo for 10 or more years according to the most recent data available, which ends in 2022. That number of renters staying put for a decade or more increased from 13.9% in 2012.
“99 ZEROS, AND ONE YES” Insurance Analyst Billy Saunders recalls the challenge like it was yesterday. Having heard about real estate appraising from a friend in the industry, Saunders decided to make the jump in 2021. He had no idea how daunting that leap would be. “I messaged 100 people on LinkedIn, and Jordan Chapman (RSDS Regional VP, San Diego) was the only one that messaged me back.
ACES Quality Management (ACES), which offers enterprise quality management and control software for the financial services industry, is partnering with Digilytics to provide ACES users access to Revel, an optical character recognition (OCR) technology powered by artificial intelligence (AI) and machine learning (ML). Digilytics’ technology helps streamline quality control (QC) reviews conducted using ACES Quality Management & Control software by automating document indexing and categorizati
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
The founder of London-based luxury firm DDRE Global and star of the new Netflix series "Buying London" recently spoke with Inman about the show's so-far icy reception and how he thinks the commission lawsuit settlements will change the industry.
HUD’s Office of Policy Development & Research (PDR) will be hosting hybrid panel discussions, Thursday and Friday, June 6-7 from 8:30 a.m.-4:00 Central on housing innovation. HUD’s “Innovative Housing Showcase Educational Sessions will feature individual breakouts on offsite construction, building codes, manufactured housing, decarbonization, zoning, public and multifamily housing, resilience, and finance.
Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely.
Dark Matter Technologies has enhanced the Loan Assumptions feature in the Empower loan origination system (LOS) to make it easier for mortgage lenders and servicers to transfer assumable mortgages to new homebuyers. The Empower LOS is the first mortgage loan origination system to announce native support for loan assumptions, a feat made possible by the system’s flexibility and robust mortgage servicing platform integrations, the company says in a release.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Johnna Szegda has been promoted to vice president at Depth Public Relations , offering B2B marketing, public relations and reputation management services for technology companies within the residential mortgage finance, financial technology (fintech) and regulatory technology (regtech) industries. Szegda earned her bachelor’s degree in English from Georgia State University and, prior to joining Depth, held roles in community relations where strategic communications were a core skill.
Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent.
Homebuyer affordability continued to erode in April, as the national median mortgage payment applied for by purchase applicants increased to $2,256, up from $2,201 in March and up from $1,750 in April 2023, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). “Homebuyer affordability conditions declined further as mortgage rates remained above 7 percent in April, sidelining many prospective buyers from entering the housing market,” explains Edward Sei
Enhance efficiency and productivity with digital tools and automation As markets become increasingly competitive, small businesses must leverage every available tool to stay efficient. One of the most impactful ways to streamline operations is through automation. By automating repetitive and time-consuming tasks with digital form automation from GoFormz, businesses can enhance productivity, reduce errors, and free up valuable time for more strategic activities.
With lessons gleaned from Eleanor Roosevelt's Depression-era book, Rachael Hite offers the pep talk you need to take your future, and the future of the real estate industry, into your own two hands.
I learned to appraise real estate in the early 1990s when the market was still cooling off from its 1990 peak. Our biggest account was with the exclusive lender for […] The post Why Appraisers Don’t Call Out Huge Builder Financing Incentives appeared first on JVM Lending.
The volume of total outstanding acquisition, development and construction (AD&C) loans posted an additional decline during the first quarter of 2024 as interest rates remain elevated and financial conditions are tight. However, AD&C loan conditions will ultimately improve when the Fed begins reducing the federal funds rate. The volume of 1-4 unit residential construction loans.
10 Steps to a Paperless Office By Mike Fletcher Excerpts: If you’ve talked to appraisers who have gone digital, you know they love not having boxes of old reports and workfiles cluttering their offices, homes, and garages and not spending money on paper, toner, and other equipment. Even better, appraisers who run a paperless office often enjoy increased productivity and efficiency.
May marks National Small Business Month in the U.S., an opportunity to recognize and promote the work of small businesses and their contributions to the economy. While often overlooked, small businesses are the economic backbone of this country, creating jobs and generating revenue across the U.S. Nearly half of U.S. employees are employed by small businesses, and 99.9 percent of all businesses nationwide qualify as small businesses.
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