Housing Wire

OCTOBER 19, 2022

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report. As someone concerned about the housing inflation story since inventory channels broke to all-time lows in 2020, I am frustrated by this housing completion data.

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Mortgage Construction Inventory Housing Market 533

The Appraiser Coach

OCTOBER 18, 2022

Let’s talk about shoes. Now I know, you may not expect businessmen and professionals to talk about shoes. Surely, they have more important things to think about. Nevertheless, the. Read More.

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Advertising Inspection Business Real Estate Agent 361

Sacramento Appraisal Blog

OCTOBER 17, 2022

Goodbye. Zillow sold their last house in Sacramento. After announcing failure as an iBuyer in late 2021, they recently got rid of their final unit. And the cherry on top is they sold this property to Opendoor. UPCOMING (PUBLIC) SPEAKING GIGS: 10/18/22 Orangevale MLS Meeting Q&A (9am) 10/20/22 How to Think Like an Appraiser (9am-12pm) (Sign […].

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Real Estate Appraisal Investing Marketing 310

Eyes on Housing

OCTOBER 19, 2022

Single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production. Overall housing starts decreased 8.1% to a seasonally adjusted annual rate of 1.44 million units in September, according to a report from the U.S.

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Mortgage 200

Housing Wire

OCTOBER 17, 2022

Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared with HousingWire. The organization says this move is intended to increase homeownership opportunities, and will be available to mortgage lenders through its automated underwriting system Loan Product Advisor (LPA), beginning on Nov. 6.

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Modernization Design Tools Clients 482

Appraisal Buzz

OCTOBER 21, 2022

Former Senior Advisor at the Centers for Medicare & Medicaid Services sworn in by HUD Secretary Marcia L. Fudge as the Department’s new Assistant Secretary of Public Affairs. The post HUD Names Beth Lynk Assistant Secretary of Public Affairs appeared first on Appraisal Buzz.

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Appraisal 39

Eyes on Housing

OCTOBER 18, 2022

In a further signal that rising interest rates, building material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest level since 2012, with the exception of two months during the Spring of 2020. Builder confidence in the market for.

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Housing Wire

OCTOBER 19, 2022

As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% from August , to a seasonally adjusted annual rate of 1.564 million, according to a report released Wednesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. On a year over year basis, September’s annual housing start rate was down 7.7%.

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Construction Development Housing Market Brokerage 468

Appraisal Buzz

OCTOBER 20, 2022

“If the Federal Reserve’s objective was to slow down the housing market, it has succeeded spectacularly,” said Rick Sharga, EVP of Market Intelligence at ATTOM. The post Home Sellers Report Drop in Profits During Q3 appeared first on Appraisal Buzz.

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Sellers Housing Market Appraisal Marketing 195

George Dell

OCTOBER 19, 2022

The Community of Asset Analysts (CAA) was officially founded in 2019, when we held the first meeting after Stats, Graphs, and Data Science 2 in Detroit, MI. Many of group’s leaders voluntarily attended to help and support what George Dell’s Valuemetrics.Info had been building for many years. We continue to grow. We have a mission. Our […]. The post Why the Asset Analyst Community?

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Appraisal 195

Eyes on Housing

OCTOBER 17, 2022

Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. Year-to-date ending in August, single-family permits declined in all four regions. The South posted a modest decline of 3.9%, while the Midwest region reported the steepest.

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Construction Marketing 197

Housing Wire

OCTOBER 19, 2022

U.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan (NPL) sales, according to a recent report from Fitch Ratings. This increase in delinquencies is attributed as a byproduct of mounting recessionary pressures, with higher interest rates and inflation raising the risk of portfolio write-downs, which the firm says reinforces the importance of strong capitalization, pricing discipline and cost effici

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Supply Chain Government Mortgage Marketing 468

Appraisal Buzz

OCTOBER 20, 2022

A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled in a case brought by a payday lending group against the CFPB’s 2017 payday lending rule, resulting in the court’s decision to deem their funding structures unconstitutional. The post Fifth Circuit Finds CFPB Funding Strategy Unconstitutional appeared first on Appraisal Buzz.

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Lending Appraisal 195

Miller Samuel

OCTOBER 20, 2022

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Business 150

Business Real Estate Appraisal 150

Eyes on Housing

OCTOBER 21, 2022

Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2021 increased 19%, according to NAHB’s analysis of the latest Survey of Construction data. Increases for square foot prices in new custom SFD homes were more moderate, averaging 5%. Median sale and contract prices per square foot of floor area went up.

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Contracts Construction 179

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Foreclosure auction buyers started bidding more conservatively in the second quarter of 2022, as measured by proprietary data from the Auction.com marketplace.

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Housing Market Buyers Marketing Investors 459

Appraisal Buzz

OCTOBER 19, 2022

While Black and Latino households have often been disproportionately affected by predatory lending practices, homeownership rates have increased nationwide for both. However, lack of affordable housing and high interest rates may pose challenges moving forward. The post Black and Latino Homeownership Rates Rise in Nearly Half of U.S. appeared first on Appraisal Buzz.

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Lending Appraisal 195

Miller Samuel

OCTOBER 20, 2022

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Business Real Estate Appraisal Finance 150

Eyes on Housing

OCTOBER 20, 2022

As rising mortgage rates continue to cool the housing market, the volume of existing home sales has declined for eight consecutive months as of September, according to the National Association of Realtors (NAR). The average 30-year fixed mortgage interest rate has increased from 3.11% at the start of the year to 6.

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Mortgage Realtors Housing Market Marketing 179

Housing Wire

OCTOBER 19, 2022

With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers. HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert, about how mortgage lenders can leverage credit to help make homeownership more affordable. HousingWire: With interest rates at 14-year highs, what kind of pressure does that put-on housing affordability?

Supply Chain 459

Supply Chain Tools Mortgage Marketing 459

Appraisal Buzz

OCTOBER 19, 2022

A new opinion piece from Don Layton, the former Freddie Mac boss, explores how the GSEs came to be under government control, and what the future should hold for the two companies. The post The Future of Fannie Mae and Freddie Mac appeared first on Appraisal Buzz.

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Government Appraisal 195

GoForrmz

OCTOBER 17, 2022

How to find GoFormz at PACK EXPO 2022 We are so excited to be attending PACK EXPO 2022 in Chicago, this October 23-26, 2022! With thousands of vendors and attendees, we want to help you make the most of your time. We’ll be sharing how every industry can upgrade their services by using code-free mobile forms. Keep reading to learn how to find GoFormz this year at PACK EXPO.

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Valuation Nation

OCTOBER 16, 2022

October 16, 2022. Woody Fincham, SRA, AI-RRS, ASA, RAA Member of RAC. How Real Estate Appraisers look at Market Analysis. To borrow a phrase from my friend, the real estate market has come to that, “Oh Shift!” time again. Nationally markets are tapering and changing. The Federal Reserve has caused quite the change in the market with the interest rate hikes.

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Real Estate Appraisal Marketing Inventory 116

Housing Wire

OCTOBER 19, 2022

Nations Direct Mortgage, a residential lender in both the retail and wholesale channels, on Wednesday announced appointing Jack O’Brien as its senior vice president and national sales director. Prior to joining Nations Direct, O’Brien held leadership positions at LoanDepot , was Northeast regional sales manager at Fifth Third Bank; principal at J.H.

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Mortgage Retail Government 458

Appraisal Buzz

OCTOBER 19, 2022

According to a monthly report from the S&P Dow Jones Indices and Experian, the most popular types of consumer defaults remained steady. Click through to see which metropolitan areas saw the most significant default shifts. The post By the Numbers: Consumer Default Rates appeared first on Appraisal Buzz.

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Appraisal 195

GoForrmz

OCTOBER 20, 2022

Automated Workflows are your answer to efficiently enhancing business processes from end-to-end When deadlines, schedules, and budgets are involved, waiting for manual handoffs can be frustrating and downright detrimental. Luckily, with GoFormz, there’s an easy solution: Automated Workflows ! With a variety of customizable Workflows at your disposal, critical processes can be fully streamlined to allow for breakneck response times and immediate action.

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Business Clients Marketing 147

Appraiserblogs

OCTOBER 17, 2022

Whether or not computer programs are despised or supported depends on the narrative being spewed. Which is it? Are computer programs good for generating appraisal values but when the narrative is to influence an anti-police sentiment using computer programs is too problematic? Last week’s article titled “The Government Screwing Over an Entire Industry” strengthened my conviction how eager and anxious Fannie, Freddie, and certain Congress persons are to replace appraisers with computer programs.

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Modernization Government Real Estate Appraisal 107

Housing Wire

OCTOBER 19, 2022

A coalition of 77 banking trade groups led by the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA) has asked the Federal Housing Finance Agency (FHFA) to modify an existing rule which allows banks to access lower-cost funding from the Federal Home Loan Bank (FHLB) system even if they report that they currently have negative tangible capital.

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Tools Real Estate Finance Investing 448

Appraisal Buzz

OCTOBER 19, 2022

Today’s Buzzcast interview is with Matt Simmons, Managing Partner of Maxwell, Hendry, & Simmons. We sat down with Matt and Joan Trice, Founder of Allterra Group, LLC, to discuss how Hurricane Ian is impacting residents and appraisers in the area. What is the area like now after a few weeks of recovery? What is AIRF? Where can appraisers go if they’ve been negatively impacted by Hurricane Ian?

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Appraisal 195

GoForrmz

OCTOBER 21, 2022

Simplify talent acquisition demands with GoFormz digital forms Talent acquisition teams have arguably one of the most challenging professions – acquiring and maintaining quality talent to boost corporations. Taking as little as a week or sometimes months, arming recruiting teams with the right tools can be the difference between finding the perfect candidate and not.

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Tools Retail Business 120

Appraiserblogs

OCTOBER 20, 2022

Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem. Savvy appraisers push back in a positive fashion to try and enable the lender to receive a report that not only meets USPAP, FIRREA, Fannie Mae, or HUD/FHA/VA an UAD reporting guidelines, but also provides the client with a report that is clear, concise, accurate and not mis

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Appraisal Appraisal Process Clients Development 104

Housing Wire

OCTOBER 18, 2022

Racial Equity Accelerator for Homeownership, a collaboration between Urban Institute and Federal Home Loan Bank (FHLB) of San Francisco , on Monday released a report that examines how the adoption of alternative data can benefit Black households within the mortgage lending landscape. The report found a 30-percentage point gap in homeownership between Black and white households in the U.S., which is wider than it was in 1960, before the Fair Housing Act was passed and while race-based housing dis

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Lending Mortgage Legal Design 448

Appraisal Buzz

OCTOBER 19, 2022

Today’s Buzzcast interview is with Matt Simmons, Managing Partner of Maxwell, Hendry, & Simmons. We sat down with Matt and Joan Trice, Founder of Allterra Group, LLC, to discuss how Hurricane Ian is impacting residents and appraisers in the area. What is the area like now after a few weeks of recovery? What is AIRF? Where can appraisers go if they’ve been negatively impacted by Hurricane Ian?

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Appraisal 195

Empire Appraisal Group

OCTOBER 20, 2022

‘It’s pretty much business as usual’: Opportunistic real-estate hunters target Florida towns just weeks ago in Hurricane Ian’s path. Source: ‘It’s pretty much business as usual’: Opportunistic real-estate hunters target Florida towns just weeks ago in Hurricane Ian’s path – MarketWatch. By Robyn A. Friedman. Investors and other buyers are scouring the region for housing deals after a multiyear surge in home prices.

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Real Estate Business Real Estate Agent Investors 78