Housing Wire
SEPTEMBER 13, 2021
Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept. 5. Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021.
Sacramento Appraisal Blog
SEPTEMBER 14, 2021
We’re seeing more price reductions lately. Does this mean the market is starting to collapse? Are things beginning to turn? Is this 2008 all over again? I’ve been getting great questions like this lately, so let’s talk shop. Teaching my favorite class: On September 28th from 9am-12pm I’m teaching my favorite class at SAR called […].
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Appraisal Buzz
SEPTEMBER 16, 2021
This content is password protected. To view it please enter your password below: Password: The post Protected: Consolidated Analytics Onboards All-Star Valuation Leadership Team appeared first on Appraisal Buzz.
The Appraiser Coach
SEPTEMBER 14, 2021
Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Housing Wire
SEPTEMBER 17, 2021
Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. The report analyzes MLS data from 51 U.S. metropolitan areas and includes all residential properties.
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Appraisal Buzz
SEPTEMBER 17, 2021
The number of borrowers in COVID-19-related mortgage loan forbearance plans dipped below 1.6 million for the first time since the onset of the pandemic, according to the weekly report from Black Knight, whose data-analytics team has been tracking forbearance activity throughout. Overall, active forbearance plans dipped by 22,000, that’s -1.4%, Tuesday-Tuesday, bringing the number of … The post Forbearance Volume Milestone: Plans Dip Below 1.6M appeared first on DSNews.
George Dell
SEPTEMBER 15, 2021
Are valuation procedures a set up for bias failure? Let’s look to see what systemic issues there may be regarding bias in valuation. This is an enigma of multiple overlapping issues. Let’s connect the “established” appraisal practice of USPAP (Uniform Standards of Professional Appraisal Practice), the established body of knowledge (EBOK), and human behavior reality. […].
Housing Wire
SEPTEMBER 16, 2021
As the summer comes to an end, several issues are top of mind for everyone: the impact of the Delta variant, the debate over when the Federal Reserve will taper its asset purchases, the situation in Afghanistan, and the federal debt limit and budget debate. When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners.
Eyes on Housing
SEPTEMBER 14, 2021
In August, consumer prices increased at its slowest pace since February 2021. Prices for several travel-related categories declined in August, as the delta variant spreads. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% in August on a seasonally adjusted basis, following an increase of 0.5% in July. Excluding the volatile food and.
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Appraisal Buzz
SEPTEMBER 17, 2021
A new study has found that the average difference between an affordable monthly housing payment and median gross rent is $533. . The post Affordability a Huge Obstacle for Minimum Wage Workers appeared first on theMReport.com. The post Affordability a Huge Obstacle for Minimum Wage Workers appeared first on Appraisal Buzz.
GoForrmz
SEPTEMBER 16, 2021
Easily create and share digital forms with new hires and current employees Human resources departments often manage a company’s employees, new hire onboarding , recruiting, training, and all other related documentation. The tasks performed within this department range from arranging company benefits to hiring and onboarding employees - all requiring signed documents and creating paper pile-ups.
Housing Wire
SEPTEMBER 16, 2021
The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. 16, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.” “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases,” said Sam Khater, Freddie Mac’s chief econom
Eyes on Housing
SEPTEMBER 13, 2021
The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. Currently, women make up a growing share of the construction employment, up to 10.9% in 2020 from 10.3% in 2019. As the construction skilled labor shortage remains.
Appraisal Buzz
SEPTEMBER 17, 2021
The DS5: Inside the Industry returns with Kevin Palmer, SVP, Single-Family Portfolio Management at Freddie Mac, here to discuss an issue at the top of minds of many servicers and other industry professionals as well as hundreds of thousands of homeowners across the country—the end of COVID-19-related forbearance programs. Of the 629,000 forbearance plans slated to … The post DS5: Freddie Mac’s Approach to Assisting Struggling Borrowers appeared first on theMReport.com.
GoForrmz
SEPTEMBER 13, 2021
GoFormz, the leading mobile forms and data capture platform, has been awarded top honors in G2 Crowd’s Mobile Forms Automation category. G2 Crowd, a peer-to-peer software review site, awards these honors based on user feedback and reviews. GoFormz’s awards include: Leader (products rated highly by G2 users and have substantial Satisfaction and Market Presence scores) Momentum Leader (products in the Leader tier rank in the top 25% of their category's products by their users) Easiest Setup Easies
Housing Wire
SEPTEMBER 15, 2021
Mortgage loan application volume rebounded from the week prior, increasing by 0.3% for the week ending Sept. 10, according to the Mortgage Bankers Association’s weekly report. The increase in application volume was predominantly driven by purchase mortgage activity , which grew by 8% from the week prior , the trade group said. . Not surprisingly, the refi index has continued to slip, dipping 3% from the previous week, the MBA noted.
Eyes on Housing
SEPTEMBER 17, 2021
Over the first seven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 681,949. On a year-over-year (YoY) basis, this is a 29.7% increase over the July 2020 level of 525,623. Year-to-date ending in July, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 32.2%, followed by the South.
Appraisal Buzz
SEPTEMBER 17, 2021
Black Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program , primarily among VA and FHA loans. The number of active forbearances dropped by 22,000 or 1.4 percent during the week ended September 14, leasing 1.596 million borrowers in active plans.
GoForrmz
SEPTEMBER 15, 2021
Better understand the performance, progress, and productivity of your job site with these five impactful fields Site superintendents have a lot on their plate between managing various subcontractors, supervising daily job site tasks, reporting to stakeholders and home-office teams, and more. Between all their day-to-day tasks, they are also required to keep project teams updated on daily progress through daily construction reports – a report designed to allow visibility into daily progress and p
Housing Wire
SEPTEMBER 13, 2021
As we come to the end of 2021, we also approach the end of another year living with COVID-19. The year 2020 was one of the most chaotic times in recent history. Although 2021 seems normal in comparison, it is perhaps even stranger because as a country, we have learned to normalize the consumption of goods and services with an active virus infecting and killing Americans each day.
Eyes on Housing
SEPTEMBER 13, 2021
The Census Bureau’s latest Survey of Construction (SOC) shows changes in the shares of the number of bathrooms and half-bathrooms of single-family homes started in the United States in 2020. The latest data show that 3% of new single-family homes started had one bathroom or fewer, 65% had 2 bathrooms, 25% had 3 bathrooms, and 7% had 4 bathrooms or.
Appraisal Buzz
SEPTEMBER 17, 2021
As federal and state pandemic programs come to an end, renters are more at risk than homeowners of falling—and being left behind—as the economy begins to recover. According to a report released by the Consumer Financial Protection Bureau (CFPB), a government agency that covers all financial entities in the country, warned that renters who felt relief from the various COVID-19 programs, such as stimulus … The post Renters at Greater Risk Than Homeowners After Protections End appeared firs
GoForrmz
SEPTEMBER 14, 2021
Utilize digital daily construction reports to rapidly capture job site data, capture job site images, and more – even while offline in remote locations Improve visibility into your job site with digital daily construction reports that can be completed directly from phones, tablets, and computers. Relying on paper forms, rigid PDFs, and cumbersome spreadsheets results in fragmented data and frequent human error, making it difficult to monitor job site activities, project progress, and onsite inci
Housing Wire
SEPTEMBER 17, 2021
The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. In August, 58.8% of offers written by Redfin agents faced a bidding war, down from the peak in April of 74.3%, and below the August 2020 bidding war rate of 59.4%.
Eyes on Housing
SEPTEMBER 16, 2021
According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share decreased to 17.8 percent of all single-family homes started in 2020—the lowest the annual custom home share has been since the 2005 re-design of the SOC. The custom home market consists of contractor-built and owner-built houses—homes built one at a time for owner occupancy on.
Appraisal Buzz
SEPTEMBER 17, 2021
Streamlining your appraisal workflow to save time and improve efficiency can help you boost productivity and increase your earnings. A great way to do this is by hiring an assistant to handle specific tasks, and utilizing time-saving strategies to refine your own workflow. Whether you’re looking to earn more money or gain more free time, here are six things you can do to trim your process and save time on every appraisal assignment. 1.
The Robert Weiler Company
SEPTEMBER 16, 2021
With the global economy rebounding from its pandemic lows, residential and commercial property hunters are again on the prowl, eager for exciting opportunities at optimal prices. The question is, how exactly is property value determined? And how does the real estate appraisal process work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed.
Housing Wire
SEPTEMBER 13, 2021
After a slight lull , forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association ‘s latest survey. The portfolio loans and private-label securities (PLS) category, which has remained stubbornly high, saw the most notable decline last week, dipping by 25 bps to 7.27%, the report said.
Urban
SEPTEMBER 14, 2021
France’s Urban Solidarity and Renewal (SRU) law has been successful in making the distribution of affordable housing more equitable in terms of evening the availability of subsidized units across municipalities, and it could be a model for the US.
Appraisal Buzz
SEPTEMBER 17, 2021
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.86%. “It’s Groundhog Day for mortgage rates, as they have remained virtually flat for over two months,” says Sam Khater, Freddie Mac’s chief economist. “The holding pattern in rates reflects the markets’ view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases.”.
Eyes on Housing
SEPTEMBER 13, 2021
Prices paid for goods used in residential construction ex-energy decreased 0.7% in August (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 a decline in lumber and wood products prices and was the first monthly decline since the start of the last recession.
Housing Wire
SEPTEMBER 17, 2021
The United States is grappling with a sharp rise in natural disasters, including wildfires, an active hurricane season, floods, tornadoes and mudslides. The mortgage industry must be proactive in examining programs that can help borrowers recover from — and remain resilient to — disasters like these. After a natural disaster, the dream of homeownership is shaken as people across the country face the challenge of rebuilding their homes and their lives.
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