Appraisal Buzz
OCTOBER 3, 2022
What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Pretty much everything. Many appraisers working in today’s marketplaces are about to find out how important this is. I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance.
Housing Wire
OCTOBER 7, 2022
On Friday the Bureau of Labor Statistics reported 263,000 new jobs were added in September. While that growth seems like good news in this economy, it runs directly counter to what the Federal Reserve wants to see. And the even worse news for the Fed was that the unemployment rate fell back to 3.5%. That low unemployment rate has to be driving the Fed nuts.
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The Appraiser Coach
OCTOBER 4, 2022
As an entrepreneur in your business, you are wired to seek and get excited about opportunities. New people, new options, a new environment, or a new place all present a. Read More.
Sacramento Appraisal Blog
OCTOBER 5, 2022
Nobody is buying today. Everyone has left the market. Or wait, I mean, it’s only buyers at the very highest prices who have backed off. No, maybe it’s first-time buyers who are getting crushed. There are lots of ideas floating around, so let’s take a look at some stats. I hope this is helpful, whether […]. The post Who is buying in today’s housing market?
Appraisal Buzz
OCTOBER 5, 2022
Today’s Buzzcast interview is with Jared Motzenbecker, Director of Wealth Services of Gulfside Wealth. We sat down with Jared and Joan Trice, Founder of Allterra Group, LLC, to discuss financial planning and the path to retirement. How late is too late to plan for retirement? What can appraisers do now in their 40’s and 50’s to successfully financially plan for retirement?
Housing Wire
OCTOBER 3, 2022
Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season.
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George Dell
OCTOBER 5, 2022
Three-Hundred plus One! Cyndi Law is our editor-in-chief, webmistress, and main force for Valuemetrics. She informed me, from the results of our internet provider’s SEO rules, that last week was our three-hundredth post! And the topic, appropriately, was how outdated ‘established’ appraiser education blocks better valuations, better economic health, and enlightened public policy.
Appraisal Buzz
OCTOBER 7, 2022
With many Americans citing high home prices and mortgage rate conditions as primary reasons for being unable to afford a home, an estimated 75% of consumers in Fannie Mae’s latest Home Purchase Index believe now is a bad time to buy a home, causing many to pull back from their home searches. The post Growing Affordability Constraints Persist for Buyers appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 4, 2022
Even as home prices continued to post strong year-over-year growth in August, rising 13.5% for the 127th consecutive month of annual gains, CoreLogic is predicting much smaller yearly home price growth moving forward. August’s double-digit yearly increase is the lowest year-over-year appreciation since April 2021 and it marks the fourth straight month of slowing price growth , according to the data and analytics firm’s Home Price Insights report published on Tuesday.
Eyes on Housing
OCTOBER 5, 2022
NAHB analysis of the Survey of Construction (SOC) shows that 67% of all new single-family homes started in 2021 were built on slab foundations, followed by 21% of homes built with a full/partial basement and 11% of homes built with a crawl space. As home building shifts towards the southern divisions, the slab adoption rates are growing larger. The share.
GoForrmz
OCTOBER 4, 2022
How to find GoFormz at ISSA North America 2022 We are so excited to be attending the ISSA Show North America in Chicago, this October 10-13, 2022! Before you pack your bags, we want to let you know how to find GoFormz this year. With thousands of vendors and attendees, planning is key to a successful ISSA. We’re dedicating our time at ISSA North America to share how cleaning industries can transform their services by leveraging mobile forms.
Appraisal Buzz
OCTOBER 7, 2022
The Office of the Inspector General of the Federal Housing Finance Agency has published a 10-page memo as required by law identifying seven major challenges the Agency will address next year for it and its subsidiaries such as the Fannie Mae, Freddie Mac, and the FHLBanks. The post FHFA Inspector General Publishes List of Challenges for 2023 appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 4, 2022
Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. The Philadelphia-based firm said that the integration will allow all users of LodeStar’s closing fee calculator to access the title and settlement fees of any Stewart -related company, including those of independent title agencies issuing Stewart policies.
Eyes on Housing
OCTOBER 4, 2022
Private residential construction spending declined 0.9% in August, as single-family construction spending slid amid surging mortgage rates. Private residential construction spending declined for the third consecutive month, standing at an annual pace of $921.9 billion, according to NAHB’s analysis of the Census Construction Spending data. However, this spending category was 12.5% higher year-over-year.
Appraiserblogs
OCTOBER 1, 2022
You feel like Fannie Mae is simply trying to get rid of appraisers. A lot of appraisers feel that way… “Even amidst tragedy there is sometimes farce,” wrote author Daniel Prokop. Unleashing tragedy and farce in equal measure, mortgage giant Fannie Mae is using its muscle to coerce lenders to repurchase early COVID-era loans. Fannie apparently deems them now too risky for its portfolio.
Appraisal Buzz
OCTOBER 7, 2022
CoreLogic’s latest examination of total flood and wind losses increases in the aftermath of Hurricane Ian, as uninsured residential flood loss alone is estimated in the $10-$17 billion territory. The post New Hurricane Ian Damage Estimates Rise to $41B-$70B Range appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 4, 2022
Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. During Q2 2022, ALTA recorded $6.21 billion in title insurance premium volume, only slightly down from the $6.54 billion recorded a year ago.
Eyes on Housing
OCTOBER 7, 2022
Job growth slowed in September as the Fed raises interest rates aggressively to fight inflation, but the overall labor market remains tight. The unemployment rate edged down to 3.5% as the number of persons in the labor force decreased by 57,000 in September. Total nonfarm payroll employment increased by 263,000 in September, following a gain of 315,000 in August, as.
Appraiserblogs
OCTOBER 4, 2022
Something that has ‘stuck in my craw’ or ‘frosted my cookies’ for years is the nonsense about stating a specific “PREDOMINANT” price for neighborhood homes. And then being forced to explain why the Opinion of Value is not precisely that number, and if not, why not. Real estate is IMPERFECT. Properties, especially comparables, seldom, if ever, sell for the very same or extremely similar prices.
Appraisal Buzz
OCTOBER 7, 2022
A new analysis by Redfin has found that 62% of those planning to buy or sell a home are reluctant to relocate to a place at risk of natural disasters. The post Concern Over Climate Risk Factoring Heavily Into Relocation Plans appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 4, 2022
As more of the mortgage process becomes digital, RON has been proving to be a powerful part of the tech transformation for industry professionals. HousingWire recently spoke with Brian Webster, President of NotaryCam, about how RON can provide a competitive advantage for lenders both in terms of being a digital capstone for customers and a means for attracting and retaining top talent in the current market. .
Eyes on Housing
OCTOBER 4, 2022
The count of open, unfilled jobs for the overall economy fell 10% in August, declining from almost 11.2 million to 10.05 million. The decline for open jobs reflects the beginnings of a labor market retreat as the economy slows due to aggressive tightening of monetary policy by the Fed.
Appraiserblogs
OCTOBER 5, 2022
It still proves my point: Appraisal Management Companies take a sizable Cut of the appraisal fee… It was March 28th, 2018 that I wrote my very first blog post entitled “What’s not in your wallet?” where I went into great detail about how Appraisal Management Companies or AMCs get paid and how the consumer is not aware of the fact that the AMC is taking much of the fee while finding the cheapest and fastest appraiser.
Appraisal Buzz
OCTOBER 6, 2022
New offering will help identify properties impacted by natural disasters, while mitigating portfolio risk from future climate-related events. The post Black Knight Launches Suite of Climate Risk Solutions appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 4, 2022
The shift from a refinance boom to a purchase market will leave some mortgage lenders and loan officers with only two options: “Consolidate or exit the business,” according to Mary Ann McGarry, Guild Mortgage’s chief executive officer. Meanwhile, McGarry said Guild is well positioned to acquire these assets but will be very patient in closing a deal. “Think of 2020 and 2021.
Eyes on Housing
OCTOBER 6, 2022
Real gross domestic product (GDP) decreased in 40 states and the District of Columbia in the second quarter of 2022 while ten states saw modest GDP growth. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 1.8 percent increase in Texas to 4.8 percent decline in Wyoming. Nationwide, growth in real GDP, measured.
Kairos Appraisal Services
OCTOBER 1, 2022
If you’re a mortgage loan officer and not taking advantage of pre-appraisal tools, your clients could be paying the price with higher fees and longer turnaround times. Read on to learn why pre-appraisal tools are the perfect solution for providing a better borrower experience and, for loan officers, how these tools can expedite the process… The post How Pre-Appraisal Tools Improve the Home Appraisal Process appeared first on Kairos.
Appraisal Buzz
OCTOBER 6, 2022
According to Epiq Bankruptcy’s latest market analysis, the total number of filings increased an overall 7% in September, while commercial Chapter 11 filings increased nearly 80% over the last year. The post YoY Bankruptcy Filings Increase for Second Straight Month appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 4, 2022
Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. But these industry veterans didn’t fall into these roles overnight. The vast majority of them have carved unique paths for themselves, picking up invaluable knowledge along the way to help them better strategize and lead their organizations.
Eyes on Housing
OCTOBER 1, 2022
The business of the typical NAHB (National Association of Home Builders) builder grew significantly between 2020 and 2021, according to results from NAHB’s latest member census. The 2021 NAHB census shows that the median gross revenue of an NAHB builder in 2021 was $3.3 million, up 26.9 percent from the previous year. NAHB reinstated its member census during the industry-wide.
McKissock
OCTOBER 4, 2022
If you are considering a career in the appraisal field , you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. The exact answer will vary due to a number of factors, including what state you live in. Here is some information to help answer the frequently asked question, “How long does it take to become an appraiser?
Appraisal Buzz
OCTOBER 5, 2022
Today’s Buzzcast interview is with Jared Motzenbecker, Director of Wealth Services of Gulfside Wealth. We sat down with Jared and Joan Trice, Founder of Allterra Group, LLC, to discuss financial planning and the path to retirement. How late is too late to plan for retirement? What can appraisers do now in their 40’s and 50’s to successfully financially plan for retirement?
Housing Wire
OCTOBER 1, 2022
The Department of Justice reached a $12 million-plus settlement with Lakeland Bank over claims the lender engaged in redlining in the Newark, New Jersey metropolitan area. The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark.
GoForrmz
OCTOBER 7, 2022
“ If you can make things look similar that goes a long way, and GoFormz allowed us to do just that by uploading our existing paper forms. ” — Avi Bahl, Corporate Reliability Manager, Chemtrade Logistics. About Chemtrade Logistics Proudly operating since 2001 in 60+ locations in North America and internationally, Chemtrade specializes in manufacturing Sulphur and Water Chemicals (SWC) and Electrochemical (EC) products, which make up their two business segments.
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