Housing Wire

DECEMBER 20, 2021

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down! Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortga

Housing Market 540

Housing Market Inventory Mortgage Marketing 540

Appraisal Buzz

DECEMBER 23, 2021

The post The Naughty List appeared first on Appraisal Buzz.

Appraisal 74

Appraisal 74

George Dell

DECEMBER 22, 2021

If education regurgitates only prior ‘established, time-tested’ methods, nothing happens. This is the fourth in our series on how progress in appraisal is stymied by the five frictions: process, standards, education, client expectation, and regulation. We will end this series after the new year with a simple, yet comprehensive, mystery solution. Stale education perpetuates appraisal […].

Appraisal 195

Appraisal Clients 195

The Appraiser Coach

DECEMBER 21, 2021

Cloning or templates? What is the best for you? How do you start your appraisal reports? Various other software programs have different ways but, in general, we’re going to talk. Read More.

Appraisal 195

Appraisal Advertising Inspection Business 195

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

DECEMBER 20, 2021

Fannie Mae met all of the housing goals the Federal Housing Finance Agency imposed for 2020, but Freddie Mac failed its low-income refinance goal. The government-sponsored enterprise lagged the wider market in its acquisitions of low-income refinances. Freddie Mac has 45 days to submit a plan to the FHFA for actions it will take over the next three years to get back on track, according to a letter the regulator sent to Freddie Mac.

Real Estate Agent 524

Real Estate Agent Government Real Estate Finance 524

Cleveland Appraisal Blog

DECEMBER 19, 2021

It’s been a very busy time for everyone! I hope that you’re staying safe and doing well! This week, I welcome back guest blogger Seth Murphy. I always enjoy his articles. I hope you enjoy this one and find a tip or two that will benefit you. When March 2020 arrived, people’s lives fundamentally changed. School shutdowns in Cleveland meant that children had to attend classes virtually.

Appraisal 195

Appraisal Home Improvement Design Modernization 195

Eyes on Housing

DECEMBER 23, 2021

New single-family home sales rose in November as housing demand was supported by low interest rates and strong consumer demand, despite the ongoing building materials challenges impacting the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in November at a 744,000 seasonally adjusted annual pace, a.

Development 191

Development Construction 191

Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. The 15-year-fixed-rate mortgage averaged 2.30% last week, declining from 2.34% the week prior. A year ago at this time, it averaged 2.19%.

Mortgage 481

Mortgage Technology Housing Market Marketing 481

Appraisal Buzz

DECEMBER 24, 2021

Commercial appraisal review assignments flow from different types of clients, each with their own intended use, required scope of work, and set of concerns for the reviewer to be aware. The intended use and the intended user are equally as relevant in an appraisal review assignment as they are in any appraisal assignment. Everything in the appraisal review report should be directed to being understood by the intended user(s) for their intended use.

Clients 195

Clients Appraisal 195

Advertiser: Trellis

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.

Real Estate

DW Slater Company

DECEMBER 23, 2021

It is hard to believe that we are wrapping up 2021. Christmas is just a few days away and we will soon welcome the new year. We want to wish you all the best this holiday season! Make sure to check out our family recipe at the end of this newsletter, our gift to you! This year has been a very busy year for real estate in North Texas with a record number of sales and rapid price appreciation.

Real Estate 156

Real Estate Appraisal Market Value Mortgage 156

Eyes on Housing

DECEMBER 22, 2021

Fueled by low mortgage interest rates and strong demand, existing home sales increased for a third straight month in November, according to the National Association of Realtors (NAR). However, supply has continued to lag due to ongoing supply-chain disruptions, keeping home price elevated and pricing out first-time and young buyers. Total existing home sales, including single-family homes, townhomes, condominiums and.

Supply Chain 163

Supply Chain Inventory Realtors Buyers 163

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 million. This number is above my sales trend peak of 6.2 million, which means we have now had three straight months of sales of over 6.2 million. Early in the year , I wrote 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.

Inventory 470

Inventory Housing Market Investors Marketing 470

Appraisal Buzz

DECEMBER 23, 2021

In its report on the November 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market, Black Knight Inc. has found that the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.59% with the month-over-month change at -4.11% and the year-over-year change at -43.29%.

Mortgage 195

Mortgage Inventory Appraisal Marketing 195

Raleigh Realty

DECEMBER 23, 2021

Living in Raleigh, NC Find out why 70+ people are Moving to Raleigh Daily in 2022 For anyone moving to Raleigh, NC, or considering the move, you'll want to be sure to read this article first People love living in Raleigh - it even made the list of best places to live in North Carolina and is ranked 1 If you're curious about living in Raleigh, just check out all of the great affordable homes for sale in Raleigh, NC Once you finish this article (it's worth it) you may still have questions - please

Real Estate Agent 148

Real Estate Agent Realtors Real Estate Agents 148

Eyes on Housing

DECEMBER 22, 2021

The latest Mortgage Bankers Association’s (MBA) weekly application surveys shows a decline for refinancing and an increase for mortgage purchase loans. The 30-year fixed-rate mortgage rate increased, averaging close to 3.3 percent for the month and was 3.27 percent for the week ending December 17.

Mortgage 163

Mortgage Marketing 163

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

Loan Officers 468

Loan Officers Retail Business Mortgage 468

Appraisal Buzz

DECEMBER 23, 2021

Redfin agents report millennials looking to relocate tend to be young remote workers who are moving to Miami for affordability and sunshine. The post Americans Looking to Relocate Target the Sunshine State appeared first on DSNews. The post Americans Looking to Relocate Target the Sunshine State appeared first on Appraisal Buzz.

Agents 195

Agents Appraisal 195

GoForrmz

DECEMBER 23, 2021

Ensure your remote teams are maintaining productivity, efficiency, and collaboration with digital forms As COVID-19 remains prevalent, many businesses have adopted remote or hybrid business models, resulting in the rapid adoption of digital solutions across every sector. Digital forms offer all industries the opportunity to streamline data collection, communication, and collaboration.

Business 147

Business Clients Home Improvement Construction 147

Eyes on Housing

DECEMBER 21, 2021

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the second quarter of 2021 due to strong demand and low vacancy rates. The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the first three months following completion) rose by 15 percentage points to.

Marketing 149

Marketing 149

Housing Wire

DECEMBER 21, 2021

Having access to fast, accurate, and current rate data is critical in today’s ever-evolving mortgage landscape—and not just for the LOs who quote these loans. With the right pricing data, mortgage lenders can expect to improve their operations from the ground up. They can attract top-tier talent and create more internal buy-in. Further, they can craft more effective marketing strategies, identify more lucrative opportunities, and win the margin battle on a market-by-market basis.

Mortgage 460

Mortgage Lending Marketing Technology 460

Appraisal Buzz

DECEMBER 23, 2021

Interest in moving to a new metro area remains elevated above pre-pandemic levels, with roughly 30% of Redfin.com users looking to relocate due to remote work situations. The post Miami Tops U.S. Cities for Homebuyer Destinations appeared first on theMReport.com. The post Miami Tops U.S. Cities for Homebuyer Destinations appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Appraiserblogs

DECEMBER 21, 2021

Since beginning using this Standard, I have had ZERO ROV requests. Appraisers, the latest ‘buzzword’ around appraising is Standard. We’ve got to have a Standard for measuring a subject dwelling, even though the comparable GLA reported figure may have been measured far differently from the new soon-to-be mandated Standard. Appraisers have no way of controlling the apples to oranges dissimilarities.

Reconsideration of Value 133

Reconsideration of Value Law Clients Appraisal 133

Eyes on Housing

DECEMBER 21, 2021

NAHB analysis of the Census Bureau’s quarterly tax data shows that $707.6 billion in taxes were paid by property owners in the four quarters ending Q3 2021 (not seasonally adjusted), a 0.5% quarterly decline.[1] Four-quarter property tax revenues had climbed 14.3% since decreasing 0.2% in Q2 2020. The decline in Q3 2021 was only the second such decrease since 2012.

Property Taxes 141

Property Taxes Government 141

Housing Wire

DECEMBER 23, 2021

Today the Census Bureau ‘ s new home sales report came in as a missed estimate at 744,000. In addition, revisions were all negative, and the monthly supply of new homes rose. This is in contrast to the existing home sales market, which I would say is outperforming. With the recent growth in sales, the new home sales market is just OK and has been for some time.

Inventory 439

Inventory Marketing Construction Mortgage 439

Appraisal Buzz

DECEMBER 23, 2021

Prepayment activity fell by 8.9% in November to hit its lowest level in 22 months, as rising 30-year rates put downward pressure on refinance volumes. The post As Foreclosures Decline, Mortgage Delinquencies Remain Steady appeared first on DSNews. The post As Foreclosures Decline, Mortgage Delinquencies Remain Steady appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Appraisal 195

McKissock

DECEMBER 21, 2021

Having difficulty selling your luxury home? Choosing an unconventional method to market your luxury home can help a property spend fewer days on the market. Even in a tough market, selling a luxury home at a fair price point is possible when you think outside the box. After all, unusual homes should be marketed in unusual ways. 1. Send out stunning property brochures.

Marketing 86

Marketing Decorating Training Buyers 86

Eyes on Housing

DECEMBER 23, 2021

Per the latest results of NAHB’s Home Building Geography Index, in the third quarter of 2021, both single-family and multifamily home building showed gains in second home counties. This marked a reversal for multifamily after weakness last year. Second home counties are defined by NAHB as those having a high proportion of housing units that are not their owners’ primary.

133

133

Housing Wire

DECEMBER 22, 2021

U.S. homeowners gained a whopping $9.1 trillion of housing value over the last year, according to a report published by Redfin this week. The report noted that home-price growth and a severe shortage of inventory worked in tandem to push housing values to record highs in 2021. As a result, the value of U.S. homes grew by 31.4% from last year to a total of $38.3 trillion in November, beating a 9.7% annual increase seen in November 2020.

Home Value 428

Home Value Valuation Real Estate Housing Market 428

Appraisal Buzz

DECEMBER 23, 2021

Two new Divisional Managers are added to oversee operations in Guaranteed Rate’s markets in the West. The post Guaranteed Rate Names New Divisional Managers appeared first on theMReport.com. The post Guaranteed Rate Names New Divisional Managers appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Marketing 195

Empire Appraisal Group

DECEMBER 23, 2021

Builders Say the Labor Shortage Hit a Record High. NAHB survey: Almost 9 out of 10 builders can’t find enough framers and carpenters, with more than 55% of single-family builders reporting a shortage in 16 trades. WASHINGTON – A record number of homebuilders report a shortage of workers, such as carpenters, painters and electricians, the National Association of Home Builders (NAHB) reports.

Home Improvement 78

Home Improvement Buyers Appraisal 78

Eyes on Housing

DECEMBER 20, 2021

Nonfarm payroll employment increased in 43 states in November compared to the previous month while seven states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 210,000 in November, following an upwardly revised increase of 546,000 jobs in October. On a month-over-month basis, employment data was strong in.

Construction 97

Construction Marketing 97

Housing Wire

DECEMBER 20, 2021

DocMagic announced on Monday the rollout of eDecision , a fully automated platform that it said will significantly expand the level of analysis applied to e-eligibility determination for eClosings. The automated loan document preparation and eMortgage services provider claims the new platform delivers a clear-cut, highly accurate decision telling users exactly how far they can take their closing digitally based on the unique attributes of the loan transaction and the county-level eRecording acce

Investors 427

Investors Clients Development Marketing 427