Housing Wire
OCTOBER 11, 2021
For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell by 0.7%. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.
Sacramento Appraisal Blog
OCTOBER 12, 2021
The housing market is trying to get back to normal, but how close are we? On one hand we’re feeling some seasonal slowing, but it also still feels really competitive. Today let’s talk about what normal looks like. If you’re not local I’d love to hear what you’re seeing in your market. Any thoughts? Background […].
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Appraisal Buzz
OCTOBER 11, 2021
Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. Some will picture the guys at Pawn Stars or the Antiques Roadshow trying to put a value on something they pulled out of their parent’s attic. If they’re in the mortgage industry, they’ll likely fall into one of two groups – those who understand the value you bring to the home finance transaction and those who think you fill out forms.
Cleveland Appraisal Blog
OCTOBER 14, 2021
When baking, there are different ingredients that are used that will make the dough rise. Typically, yeast is the ingredient used to make bread rise. How does yeast work? Here’s a little video to explain how. Interestingly, yeast is not the only ingredient that can cause the dough to rise. For instance, sourdough. Sourdough is fermented dough, thus the name sourdough.
Advertiser: Trellis
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.
Housing Wire
OCTOBER 14, 2021
Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. It’s hardly breaking news that the demand for housing has drastically increased over the past 18 months, but the report suggests that this has more to do with demographic trends than the pandemic.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
OCTOBER 14, 2021
Longtime homeowners who can tap equity gains have an advantage over younger homebuyers who are often bidding for their first home, and are unable to include as much cash in their offers. The post Boomers Are Winning the Housing War appeared first on theMReport.com. The post Boomers Are Winning the Housing War appeared first on Appraisal Buzz.
The Appraiser Coach
OCTOBER 12, 2021
I’ve heard the complaints from other appraisers that there are AMC’s out there that request that appraisers that work with them dress professionally. I’m not really sure why this bothers. Read More.
Housing Wire
OCTOBER 15, 2021
Homeownership platform provider SimpleNexus acquired LBA Ware , a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a first for SimpleNexus and brings together 325 employees in 29 states from the two companies. SimpleNexus will now serve 425 distinct lender customers and dozens of mortgage technology integration partners, the company said in a release.
Urban
OCTOBER 13, 2021
People of color face greater barriers in acquiring mortgages, which helps sustain the racial homeownership gap.
Speaker: Dylan Secrest
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.
Appraisal Buzz
OCTOBER 15, 2021
SimpleNexus , which offers a collaboration and file sharing platform for LOs, borrowers, real estate agents and settlement agents that aids in borrower engagement, loan origination and closing, is acquiring LBA Ware , developer of the CompenSafe LO compensation platform. Terms of the deal were not divulged. The acquisition adds operations tools and business intelligence to SimpleNexus’ extensive homeownership platform.
Eyes on Housing
OCTOBER 14, 2021
Prices paid for goods used in residential construction ex-energy decreased 0.8% in September (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by lower lumber and concrete products prices and was the second monthly decline since the start of the last recession.
Housing Wire
OCTOBER 11, 2021
Now that we are heading toward the end of 2021, what can we say about the U.S. housing market this year? No question it has been another year of ups and downs with seemingly conflicting data, which could indicate a coming boom or a bust depending on how you decide to parse it. If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond.
Urban
OCTOBER 15, 2021
Reducing barriers to home equity lending can ensure all owners have the opportunity to access the wealth stored in their homes.
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.
Appraisal Buzz
OCTOBER 15, 2021
According to the National Reverse Mortgage Lenders Association (NRMLA), senior homeowners over the age of 62 saw their housing wealth grow by an average of 3.7% or $339 billion in the second quarter alone, bringing their market share to a record $9.57 trillion from Q1. According to study by the NRMLA using their RiskSpan Reverse Mortgage Market Index dataset, the increase in … The post Senior Home Wealth Increases 3.7% in Q2 appeared first on theMReport.com.
Eyes on Housing
OCTOBER 14, 2021
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter posted a reading of 87, up five points from the third quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes.
Housing Wire
OCTOBER 13, 2021
Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16% by the end of 2022. The rapid increase in home prices over the past year is due to a number of colliding factors, including low interest rates, tight housing inventory, pandemic-induced migration patterns and an increase in millennials entering the home buying market
GoForrmz
OCTOBER 13, 2021
With digital telecom forms, telecom service providers can automate customer service processes, access data in real-time, and more With the rapid advancements of digital solutions, industries are experiencing an urgent need for modernization, and the telecommunication industry is no exception. Due to the COVID-19 crisis , a majority of the global workforce has been forced to work from home, requiring access to systems from remote or dispersed locations , videoconferencing, collaborating with coll
Appraisal Buzz
OCTOBER 15, 2021
The number of homeowners in forbearance receded at a brisk clip last week as the first wave of final expirations continues. Black Knight reports the number of active plans dropped by about 10 percent during the week ended October 12 , a reduction of 143,000. This comes on the heels of a 177,000 drop the prior week. The declines were seen across all investor classes with the largest, 88,000, in the number of loans serviced.
Eyes on Housing
OCTOBER 12, 2021
In the August labor market data, job openings for the overall economy remained elevated at 10.4 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy expands. The count of open construction jobs was stable at 344,000 unfilled positions, according to data from.
Housing Wire
OCTOBER 11, 2021
Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). Exits are expected to pick up the pace in the weeks ahead due to economic improvement. The total number of loans in forbearance decreased by 27 basis points to 2.62% as of Oct. 3.
GoForrmz
OCTOBER 14, 2021
Streamline the collection of child care information, parent/guardian contact information, daycare documentation, and permissions, with digital forms and online form sharing Digital daycare enrollment forms provide daycare centers with an efficient, seamless way of collecting child care information and parent/guardian permissions. Daycare centers can easily digitize their existing paper forms or build a form from scratch within the GoFormz Template Editor and embed their online form on their webs
Appraisal Buzz
OCTOBER 15, 2021
In its latest forecast, the GSE predicts a short-term tightening of the Federal Reserve’s policies and an interest rate hike in late 2022. The post Where Fannie Mae Thinks the Market Is Headed appeared first on DSNews. The post Where Fannie Mae Thinks the Market Is Headed appeared first on Appraisal Buzz.
Eyes on Housing
OCTOBER 15, 2021
Over the first eight months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 775,772. On a year-over-year (YoY) basis, this is a 25.8% increase over the August 2020 level of 616,856. Year-to-date ending in August, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 29.3%, followed by the South.
Housing Wire
OCTOBER 12, 2021
Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). Much of the growth in credit availability has come from loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic.
The Robert Weiler Company
OCTOBER 13, 2021
Every year, new commercial real estate investment blogs and podcasts are started and books published. They all promise to have the best secrets and latest tips on CRE investing, but which resources are worth your time? Whether you are a seasoned commercial real estate investor or just entering the game, it’s important to have “go-to” resources to support – or strengthen – your growth in the industry.
Appraisal Buzz
OCTOBER 15, 2021
For the third consecutive month, Fannie Mae’s Economic and Strategic Research Group lowered its gross domestic product growth forecast and increased its inflation forecast due to supply chain constraints and high fuel costs. “We revised downward our forecast for 2021 real GDP growth from 5.4% to 4.9% on a fourth quarter-over-fourth quarter (Q4/Q4) basis, while the outlook for 2022 was adjusted downward to … The post Supply Chain, Fuel Prices Weigh On Economy appeared first on theMReport.c
Eyes on Housing
OCTOBER 13, 2021
Inflation accelerated in September, as prices for food and shelter showed notable gains. Federal Reserve officials described the current inflation run as “transitory”, and attributed recent increases largely to supply-chain constraints and a surge in consumer demand as the economy reopened. And they expected “inflation pressures to ease as the effect of these transitory factors dissipated.
Housing Wire
OCTOBER 15, 2021
Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% in 2022, up from 3.1% the GSE projected last month. Fannie attributed the uptick in interest rates to the Federal Reserve’s expected tapering of asset purchases, including mortgage backed securities.
JMV Lending
OCTOBER 11, 2021
The WSJ had this front page headline today: Low Appraisals Upend Home Sales. And, I thought – where have you been, WSJ? Then, I thought… I should blog about this b/c agents can share this with clients – as a great way to warn them about potential appraisal issues. I also wanted to touch on […]. The post WSJ: “Low Appraisals Upend Home Sales” appeared first on JVM Lending.
Appraisal Buzz
OCTOBER 15, 2021
Following the nation’s largest wave of delinquent loans since the COVID-19 mortgage crisis, Jay Nair of Infosys examines the industry’s legacy practices and processes as they are being reimagined. The post How U.S. Mortgage Providers Can Innovate to Address New Demand appeared first on theMReport.com. The post How U.S. Mortgage Providers Can Innovate to Address New Demand appeared first on Appraisal Buzz.
Raleigh Realty
OCTOBER 10, 2021
Selling Your Home: 10 Real Estate Tips and Tricks When you bought your home, you likely felt a great deal of excitement, as well as some apprehension. That feeling probably faded once you settled in and started to make it your own. Whether you have stayed in your home for a number of years or you are having to sell your home earlier than anticipated, you might experience similar emotions throughout the selling process.
Expert insights. Personalized for you.
545 
Let's personalize your content