Housing Wire
NOVEMBER 26, 2021
Life comes at you fast. During this Thanksgiving week, we went from higher yields and the first Fed rate hike storyline to a big drop in bond yields and scary headlines on a new COVID variant, Omicron. How do we make sense of all this? In this type of economic environment is it even possible for mortgage rates to get to 4% and can the Federal Reserve really hike rates in an aggressive fashion?
Appraisal Buzz
NOVEMBER 24, 2021
In today’s Buzzcast, we dive into the hot button issue of how appraisers are handling this market. Today we have George Dell, Owner of Valuemetrics, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while they discuss what’s being done. How has this new market been different than what is considered “normal?” In what ways are appraisers reacting?
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George Dell
NOVEMBER 24, 2021
Zillow Zestimate has been the go-to source for consumers to check what their house is worth for many years now. Zillow leverages the traffic that this brings to their web site to sell other real estate services (not valuation products!). The Zestimate has been amazing at driving traffic to the Zillow web site, but does […]. The post What Happened to Zillow?
Eyes on Housing
NOVEMBER 24, 2021
Contracts for new, single-family home sales were flat at a 745,000 seasonally adjusted annual rate in October according to estimates from the joint release of the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. However, the flat reading was due to a significant downward revision for the September pace (revised from an 800,00 rate to.
Housing Wire
NOVEMBER 22, 2021
The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 million. This number is above my trend sales peak of 6.2 million and that means we have had back-to-back existing home sales prints of over 6.2 million. Early in the year, I had discussed that if existing home sales stay in a range between 5.84 million and 6.2 million, that would mean it’s a good year for housing demand.
Appraisal Buzz
NOVEMBER 22, 2021
In a move to strengthen its compliance management, Fairway Independent Mortgage adds new EVP of Fair Lending and EVP of Business Development. The post Fairway Independent Mortgage Names Two to Executive Team appeared first on theMReport.com. The post Fairway Independent Mortgage Names Two to Executive Team appeared first on Appraisal Buzz.
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Eyes on Housing
NOVEMBER 22, 2021
An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market continues to occur. According to third quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area increased.
Housing Wire
NOVEMBER 24, 2021
Today the Census Bureau new home sales report came in as a miss of estimates at 745,000. In addition, revisions were all negative and the monthly supply of new homes rose. In contrast to the existing home sales market, which I would say is outperforming currently with the recent growth in sales, the new home sales market is just OK and has been for some time.
Appraisal Buzz
NOVEMBER 26, 2021
Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of it. Search interest began to ramp up on Thanksgiving Day.
GoForrmz
NOVEMBER 24, 2021
Leverage these powerful fields in your digital bill of material templates For many manufacturers, an essential yet tedious task is completing a bill of materials. This critical document is a key component to the effectiveness of manufacturing and supply chain processes – providing a comprehensive list of materials, parts and/or components required to manufacture or repair a particular product.
Eyes on Housing
NOVEMBER 23, 2021
According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts declined to 93.4% during the third quarter of 2021. This is the lowest share since the first quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An.
Housing Wire
NOVEMBER 22, 2021
Stewart Title has acquired Las Cruces Abstract and Title according to an announcement made Friday. Founded in 1926, Las Cruces Abstract and Title serves Dona Ana, Hidalgo and Luna Counties in southern New Mexico. This purchase is just the latest in Stewart’s string of acquisition, as the company has looked to expand its share of the title insurance market.
Appraisal Buzz
NOVEMBER 26, 2021
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?
GoForrmz
NOVEMBER 22, 2021
“ The ability to get instant access to data to test assumptions and make decisions is the biggest benefit. And that takes for granted all of the other benefits, like much faster operations in the field and the ability to have everything digital. ” — Kenneth Reyes, Director of Marketing & Systems, Strategic Sanitation Services. Challenge Strategic Sanitation Services needed means of efficiently accessing field data for internal and client-facing reporting.
Appraiserblogs
NOVEMBER 24, 2021
A floor plan is supposed to be included in Desktop & Hybrid reports. How will that be done? Appraisers, I’ve recently been studying a ‘word change’ in various GSE documents. This change happened initially in March 2020 in the COVID era revised ‘flexibility’ Assumption and Limiting Conditions and Scope of Work attached to residential reports, and was further incorporated into TWO new appraisal forms issued in July 2020, which you might not even realize they exist!
Housing Wire
NOVEMBER 23, 2021
A shortage of affordable starter homes is thwarting aspiring first-time homebuyers and fueling inflation in home prices. At the same time, many urban and rural communities are struggling for stability and vitality. It’s a fact: the homeownership gap between Black and white households is wider now than when the Fair Housing Act was passed in 1968. The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes
Appraisal Buzz
NOVEMBER 24, 2021
Mortgage application volume increased 1.8% on an adjusted basis during the week ended November 24, despite a slight increase in mortgage rates, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. On an unadjusted basis, the Index increased 0.1% compared with the previous week. Applications for refinances increased 0.4% while applications for purchases decreased 0.4%.
GoForrmz
NOVEMBER 23, 2021
Leverage these powerful fields in your digital safe work method statements Rigid paper documents are a painful, tedious task to complete – especially when coordinating with collaborating teams. Safety documentation is such a critical component to the operational workflow of construction teams – requiring a comprehensive breakdown of understanding of potential work safety hazards.
McKissock
NOVEMBER 22, 2021
Five years ago if someone would have told you in the future there would never be a need for you to save another file to your computer again—you probably would have been confused and mystified. However, today more real estate professionals are transitioning over to the cloud either part- or full-time. It might be the case that you can transition the bulk of your work over to the internet—making it accessible anytime and anywhere.
Housing Wire
NOVEMBER 24, 2021
Mortgage rates remained at 3.10% in the week ending Nov. 24, according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said interest rate volatility has been low, despite the noise around the economy, inflation, and monetary policy.
Appraisal Buzz
NOVEMBER 24, 2021
As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year. According to Redfin, the average national rent price has increased 13% over the last year, falling behind monthly mortgages which rose 17% during the same time.
GoForrmz
NOVEMBER 22, 2021
Highlight high-risk construction work activities and capture critical safety information with digital SWMS forms Regardless of the country or location of a project, the construction industry relies heavily on safety measures and procedures. In Australia under their OHS regulations, construction Safe Work Method Statements (SWMS) are used as a required safety form that outlines all high-risk activities and associated hazards on a job site, as well as the safety measures in place to manage and con
BiggerPockets
NOVEMBER 21, 2021
Is college worth it? For the first time in history, we may have a definitive answer to whether or not your specific degree and school choice provides a positive ROI. […].
Housing Wire
NOVEMBER 24, 2021
Mortgage applications increased 1.8% for the week ending Nov. 19, despite higher rates, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The increase was mainly driven by the purchase index growing by 4.7% from the previous week, on a seasonally adjusted basis. Concurrently, the refinance index grew by 0.4% from the week prior.
Appraisal Buzz
NOVEMBER 24, 2021
As the economy continues to see consumer prices for everything rise across the board, rent and mortgage rates have also increased with some cities seeing a 30% increase in rent prices since last year. According to Redfin, the average national rent price has increased 13% over the last year, falling behind monthly mortgages which rose 17% during the same time.
GoForrmz
NOVEMBER 23, 2021
Seamlessly collect better data by taking your applications digital with an online form builder Share digital applications that are simple for your recipients to fill out and return back to you in real-time. Form submissions via paper applications can be a tedious task to process for team members. Now, with drag and drop features, you can build mobile forms that look exactly like your paper form.
BiggerPockets
NOVEMBER 23, 2021
The housing market remains on solid footing heading into 2022, but there are some threats to property prices that investors should pay attention to. .
Housing Wire
NOVEMBER 24, 2021
This week’s HW+ member spotlight features American Pacific Mortgage CEO Bill Lowman. Joining the company in 2002, American Pacific Mortgage named him president in 2004, and in 2016 he became CEO. Leading one of the largest independent mortgage banks in the country, Lowman is active in the industry, serving as immediate past chairman/treasurer at the California Mortgage Bankers Association , along with serving on the Mortgage Bankers Association’s Residential Board of Governors.
Appraisal Buzz
NOVEMBER 24, 2021
The CoreLogic Quarterly Mortgage Fraud Brief is a quarterly report that analyzes the top metropolitan areas with the highest mortgage fraud risk based on the company’s research of trends found in residential mortgage loan applications processed through its LoanSafe Fraud Manager. According to the report, authored by Bridget Berg, Principal of Industry Solutions and Property Intelligence, a small drop in interest rates was enough to push … The post Fraud Risk Down Due to More Refinance Vol
McKissock
NOVEMBER 26, 2021
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?
BiggerPockets
NOVEMBER 25, 2021
Real estate investing can feel complicated, even when you’re doing well. There’s usually a time when every investor hits an invisible wall and moving on to the next deal, partnership, […].
Housing Wire
NOVEMBER 23, 2021
As home equity reached another record high this year, mortgage companies have a big opportunity to help homeowners understand how to better manage or leverage their home’s equity to improve their housing and overall financial outlook. Even as rates are slowly beginning to increase, cash-out refinancing options are still a relevant and potentially beneficial option for many as the amount of equity in homes reaches new levels.
Appraisal Buzz
NOVEMBER 24, 2021
Case Western Reserve University and the American Enterprise Institute (AEI) has released a new report that has found that the digitization of mortgages and the rise FinTech lenders may be just what the industry needs to eliminate discrimination in lending. The new paper, called “The Impact of FinTech on Discrimination in Mortgage Lending” shows that FinTech lenders have little-to-no gap when it comes to lending to minorities even after adjusting … The post FinTech Lenders May be Key to So
Empire Appraisal Group
NOVEMBER 26, 2021
Zillow CEO Rich Barton (Credit: Barton by Steve Jennings/Getty Images for TechCrunch; iStock). Source: Zillow Quits iBuying, Will Lay Off 25% of Staff – The Real Deal. Zillow is leaving the home-flipping business for good and preparing to lay off a quarter of its workforce. After halting new purchases last month , citing a backlog as it looks to offload 7,000 homes , many at hefty discounts , the company is packing it in for good, according to its quarterly filings with the U.S.
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