Housing Wire

NOVEMBER 30, 2021

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S.

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Sacramento Appraisal Blog

DECEMBER 1, 2021

It’s real estate prediction season and I have a few thoughts about the beginning of next year. I’m cautious about predicting because my crystal ball is broken, but it’s a no-brainer to say we’re poised to start next year with heavy competition. Big 2022 market update: I’m doing a big market talk at SAR on […].

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Housing Market Marketing Real Estate Appraisal 451

Miller Samuel

DECEMBER 2, 2021

The Winter 2022 issue of Elliman Magazine was published this week and it is quite a beautiful publication. I created a chart for the publication which compares month listing inventory trends across a number of the markets we cover for Douglas Elliman. [click to expand image] The post Listing Inventory Trends In The Time Of COVID first appeared on Miller Samuel Real Estate Appraisers & Consultants.

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Appraisal Buzz

NOVEMBER 29, 2021

This article was first published in the Fall 2021 Edition of Appraisal Buzz Magazine. To receive this subscription directly, click here. Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) The Income Approach considers the present value of expected future cash flows. (3) Cost Approach has a basic formula: Property Value = Land Value plus Cost New minus Depre

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Housing Wire

NOVEMBER 29, 2021

Today, pending home sales came in as a big beat of estimates — up 7.5% in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information.

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George Dell

DECEMBER 1, 2021

Obsolete! Such a harsh word. Can it be? Is the problem convolution? Does it mean I will soon be obsolete? Not needed? Not loved? Terrible. What can be done? Yet all the little signs are pointing that way. “Automated” valuation models have much of the market, and continue to gain. Other valuation methods and appraisal […]. The post Is Appraisal Obsolete?

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Appraisal Buzz

DECEMBER 3, 2021

In next week’s “Reflections and Projections” webinar, Rick Sharga and Ed Delgado will look back on 2021 and discuss how the industry must conform to changes in compliance, the marketplace, and the needs of customers to properly prepare for the coming year. The post The Week Ahead: Forecasting Mortgage Industry Trends for 2022 appeared first on DSNews.

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Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019.

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Eyes on Housing

NOVEMBER 29, 2021

Despite low inventory and increasing affordability concerns, both pending home sales and existing home sales jumped in October, according to the National Association of Realtors (NAR). Though the market remains strong and sales is on pace for its strongest sales in 15 years, higher home prices continue to price out first-time and young buyers. The Pending Home Sales Index (PHSI).

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GoForrmz

DECEMBER 2, 2021

Improve your daily operations and data collection by utilizing these top waste management forms With digital forms, waste management organizations can significantly increase visibility into field team activities to create more efficient communication between in-field and administrative staff. Collecting data from paper forms can be a huge administrative burden and lead to lengthy processing times and incorrect data.

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Appraisal Buzz

DECEMBER 3, 2021

loanDepot Inc. has closed Mello Mortgage Capital Acceptance 2021-INV4, a $371 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its retail and partner channels. Year-to-date, loanDepot entities have sponsored over $2.8 billion in private-label residential mortgage-backed securities (PLS) across seven transactions.

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Housing Wire

DECEMBER 1, 2021

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. United States District Judge Robin Cauthron ordered McCord also serve 8.5 years in prison — the maximum the federal government said it would seek — as well as three years of supervised release.

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Mortgage Insurance Lending Government 514

Eyes on Housing

DECEMBER 1, 2021

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of $774.9 billion, down 0.5% from the upwardly revised September estimates. Total private residential construction spending was 16.7% higher than a year ago. Spending on single-family, multifamily constructions and improvements all declined in October, as homebuilding is still facing.

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Construction 174

Appraiserblogs

DECEMBER 2, 2021

…white America (government) keeps trying to ‘fix’ Black People who are not broken in the first place! We’ve all heard of redlining. No one doubts it existed and MAY still exist, among private lenders. It’s hard to accept major national banking corps would risk it but it IS possible. Having said that, there is ZERO percentage or benefit for any appraiser to engage in it.

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Modernization Appraisal Government Development 147

Appraisal Buzz

DECEMBER 3, 2021

One economist stated, “Builders in recent months have put the pedal to the metal to get new homes up and meet a rush of demand. The post Building Permits Boom—Will the Market Finally See Inventory Relief? appeared first on theMReport.com. The post Building Permits Boom—Will the Market Finally See Inventory Relief? appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 2, 2021

Mortgage rates increased one basis point to 3.11% in the week ending Dec. 2, ignoring the volatility in the financial markets caused by the Omicron Covid variant , according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Mortgage rates are in a historical low level, but the expectation is that they will increase in the coming months due to higher interest rates.

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Eyes on Housing

NOVEMBER 30, 2021

In September, national home prices grew at a slower but still unsustainable pace. Locally, 14 out of 20 metro areas reported that they realized a deceleration in home price growth in September. This month’s data indicates that housing market is cooling slightly as housing affordability concerns persist. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow.

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Housing Market Marketing Construction 174

GoForrmz

NOVEMBER 30, 2021

Learn how GoFormz can digitize your child care enrollment forms for instant access to documents and faster response times By taking your child care enrollment paper forms digital, you can streamline operations, reach new clientele, and improve your overall data collection and processing. The GoFormz platform offers form sharing, also referred to as GoFormz’s Public Forms feature, which enables your team to easily access submitted forms from potential customers and respond accordingly.

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Appraisal Buzz

DECEMBER 3, 2021

An industry report breaks down trends and changes regarding Q3 profitability for Independent mortgage banks and mortgage subsidiaries of chartered banks. Here’s what the report found. The post IMB Data Shows Significant Profit Increases appeared first on DSNews. The post IMB Data Shows Significant Profit Increases appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 3, 2021

Following a strong showing in October , a somewhat disappointing U.S. jobs report released Friday shows that 210,000 non-farm jobs were added in November, bringing the unemployment rate down to 4.2%. While this is a 0.4% decrease in unemployment, the rate is still above the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.

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Eyes on Housing

DECEMBER 3, 2021

While job gains decelerated in November, the unemployment rate dropped to 4.2% and the labor force participation rate increased to 61.8%, the highest reading since March 2020. The increase in the labor force participation rate indicates that more people are returning to the labor force, a necessary requirement for additional hiring. Construction industry employment (both residential and non-residential) totaled 7.5.

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Construction 167

GoForrmz

DECEMBER 1, 2021

Explore how GoFormz digitally transforms healthcare operations and streamlines claim processing from end-to-end HIPAA-secure digital forms significantly accelerate the traditional delays experienced during the patient claims process, including long wait times, delayed responses, and more. This is made possible by the real-time nature of digital forms, allowing providers and patients the ability to complete, review, and process forms directly from their mobile devices or computer.

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Clients 141

Appraisal Buzz

DECEMBER 3, 2021

According to a report, “Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was down more than half from the record profit one year ago.” The post Production Profits Increase for IMBs in Late 2021 appeared first on theMReport.com. The post Production Profits Increase for IMBs in Late 2021 appeared first on Appraisal Buzz.

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Appraisal 195

Housing Wire

NOVEMBER 30, 2021

It’s?coming to the?end of the year,?and?real estate?market experts are rolling out?all of?their predictions.?Home prices?are expected to?rise? another 16%. At the same time, rising home prices? will slow down from what we’ve seen in 2021.? Mortgage rates? will increase , and? 2022 is slated to be? a buyer’s market. ? . While all of these predictions are interesting to read, they’re just that.?

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Real Estate Agents Real Estate Agent Business 455

Eyes on Housing

DECEMBER 2, 2021

Nonfarm payroll employment increased in 47 states and the District of Columbia in October compared to the previous month while three states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 531,000 in October, following an upwardly revised increase of 312,000 jobs in September. On a month-over-month basis, employment data was strong in.

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Construction Marketing 167

Raleigh Realty

NOVEMBER 30, 2021

The Connection to Mental Health and Your Living Space The places that you spend the most time have a serious impact on your mental health and wellbeing. Multiple studies have shown the connections between living spaces and the effects on mental health through how a room is furnished, the size of the living space, and whether or not you live alone or with others.

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Decorating Design Architecture Modernization 125

Appraisal Buzz

DECEMBER 3, 2021

Several developments are converging on the global economy and financial markets at the moment. Each brings its own causes for concern. Together, they bring a significant increase in volatility. Should we be worried about Omicron? Answering such questions is beyond the scope of this newsletter. What we can say is that the financial market is clearly asking itself this question and the effects are obvious.

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Housing Wire

DECEMBER 1, 2021

The housing industry has been working in overdrive over the last few years to shed the idea that its technology is antiquated and outdated. In today’s environment, this couldn’t be further from the truth. In fact, companies are not only injecting new technology into the home-buying buying process, but also, they are pushing the envelope when it comes to how technology can disrupt the consumer experience, regardless of the industry.

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Technology Development Valuation Realty 454

Eyes on Housing

NOVEMBER 30, 2021

Residential construction loan volume reached a post-Great Recession high during the third quarter, as home building activity continued to expand in 2021. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 6% during the third quarter. The volume of loans increased by $4.9 billion for the quarter. This loan volume expansion placed the total stock.

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Appraiserblogs

NOVEMBER 29, 2021

My critical analysis of Freddie Mac’s “appraisal gap” white paper Appraisers, this is not an easy essay to write. It is my critical analysis of an academic study put out by a GSE, which I have read. In September 2021, Freddie Mac’s Modeling, Econometrics, Data Science & Analytics; Single Family Risk Management; and Economic & Housing Research groups released a white paper (Economic & Housing Research Note) named “Racial and Ethnic Valuation Gaps in Home Purchase Appraisals.

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Appraisal Valuation 119

Appraisal Buzz

DECEMBER 3, 2021

All signs point to a house building boom as the number of building permits that were created this summer reached 1.69 million, well above the 1.5 million mark at which Zillow says indicates a boom. The number of building permits are issued gives the market an idea of how new home construction is coming along, and currently, the momentum that home builders are operating at … The post Building Permits Boom appeared first on theMReport.com.

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Construction Appraisal Marketing 195

Housing Wire

DECEMBER 3, 2021

Today, the Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 4.2%. For men and women age 20 and over, it stands at 4.0%. Job reports can be wild, and we often have two to three reports per year that miss estimates badly.

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Marketing Retail Transportation Construction 449

Urban

DECEMBER 2, 2021

With a predominately Black and Hispanic population, Newark, New Jersey, provides a case study of how economic recessions can cause disparate long-term inequities by race and ethnicity.

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BiggerPockets

DECEMBER 1, 2021

The largest digital real estate purchase to date recently took place, but we’re just getting started.

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Real Estate Investing 92