Housing Wire
AUGUST 3, 2021
When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. Quite the opposite: In that cycle we had the weakest housing recovery ever, even with the lowest mortgage rates during the longest economic expansion ever.
Sacramento Appraisal Blog
AUGUST 3, 2021
Is it a poor neighborhood? Is it rich? Is the neighborhood desirable or undesirable? Is it family-friendly? Is it crime-ridden? These are words some might use to describe certain neighborhoods, but they’re 100% off limits for appraisers (and probably other real estate professionals). Let’s talk about this. A refresher & false narratives: I hope […].
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Appraisal Buzz
AUGUST 6, 2021
For many consumers, the mortgage process is boiled down to a transactional experience focused on the lowest rate offers. Taking the longer view may yield a better outcome for borrowers. The post Beyond the Transaction appeared first on theMReport.com. The post Beyond the Transaction appeared first on Appraisal Buzz.
Cleveland Appraisal Blog
AUGUST 6, 2021
There has been a sense of urgency, and sometimes almost despair, for some looking to purchase a home. There are some news stories I have seen recently where some homeowners regretted their purchase. Do you know of anyone who purchased a home within the past year? Did they regret their decision? Below is a chart from the National Association of REALTORS article on home buyer regret.
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Housing Wire
AUGUST 5, 2021
The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. According to Sam Khater, chief economist at Freddie Mac, concerns over the COVID-19 Delta variant, along with lower 10-year Treasury yields, have resulted in lower rates.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
AUGUST 6, 2021
Thanks to rising home prices. hardly any homeowners find themselves underwater on their mortgages and the few that do are concentrated in a few cities and towns. In fact, ATTOM says that more than one-third of mortgaged homes in the country are considered “equity rich” with a combined loan-to-value (CLTV) ratio below 50 percent. The 34.4 percent of homeowners in that category is up from 31.2 percent the previous quarter and 27.5 percent in the.
The Appraiser Coach
AUGUST 3, 2021
Statistically speaking, the overwhelming majority of people have given up on or pushed aside their New Year’s Resolutions by March of any given year. This doesn’t mean that the goals. Read More.
Housing Wire
AUGUST 3, 2021
The blockchain revolution may soon be coming to mortgage lending. And it could take the form of a very old-school lender – Homebridge Financial Services. The Mike Cagney-led fintech lender Figure Technologies , most recently valued at $3.2 billion, announced Tuesday afternoon that it intends to merge with Homebridge. “We are bringing together the most robust, powerful and efficient technology ever seen in lending and pairing that with a $25 billion a year loan originator with 150,000 customers w
Eyes on Housing
AUGUST 4, 2021
According to the 2020 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $50,460 and the top 25% make at least $71,000. In comparison, the U.S. median wage is $49,150, while the top quartile (top 25%) makes at least $67,410.
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
AUGUST 6, 2021
The post Come Right In appeared first on Appraisal Buzz.
Urban
AUGUST 5, 2021
How the repurposing of guarantee fees can support affordable housing and underserved market priorities.
Housing Wire
AUGUST 3, 2021
Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. Home prices increased 2.3% from May to June, and 17.2% year-over-year, according to the latest CoreLogic report on home prices. However, CoreLogic officials said price gains could slow to as low as a 3.2%-gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings.
Eyes on Housing
AUGUST 3, 2021
The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. The share of workers under the age of 25 reached 10.8% in the construction industry in 2019, compared to only 9.7% in 2015. Consequently, the median age of construction workforce is 41 in 2019, a year younger than in.
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Appraisal Buzz
AUGUST 6, 2021
Two letters written by the Chair of the House Financial Services Committee Maxine Waters request additional oversight to avoid pandemic related foreclosures. The post Rep. Waters Urges Regulatory Prevention of Unnecessary Foreclosures appeared first on theMReport.com. The post Rep. Waters Urges Regulatory Prevention of Unnecessary Foreclosures appeared first on Appraisal Buzz.
Raleigh Realty
AUGUST 3, 2021
How to Buy Land Everything you need to know about buying land and building on it As millennials enter the prime of adulthood, more and more are buying homes. But for many, the true American dream is purchasing their own plot of land. Those with no experience may be wondering, 'is buying land easy?' while those with a bit more experience are likely thinking 'why is it so hard to buy land?
Housing Wire
AUGUST 4, 2021
Mortgage applications fell 1.7% in the week ending July 30, according to the latest report from the Mortgage Bankers Association. That’s despite the 30-year fixed rate falling to its lowest level in roughly six months. It’s an about-face from the prior week, in which applications increased 5.7% on the strength of descending mortgage rates.
Eyes on Housing
AUGUST 3, 2021
An earlier post revealed that 66% of buyers who were actively engaged in the process of finding a home in the second quarter of 2021 have spent upwards of 3 months searching for a home without success. For two quarters recently (Q4 2020 and Q1 2021), ‘getting outbid by other offers’ was the most common reason these long-time searchers could.
Appraisal Buzz
AUGUST 5, 2021
Tian Liu details what does the housing market needs to do to make the American Dream more attainable for all. The post Taking Inventory appeared first on theMReport.com. The post Taking Inventory appeared first on Appraisal Buzz.
GoForrmz
AUGUST 2, 2021
Accelerate your business processes and explore how GoFormz digitally transforms work for thousands of users Form sharing presents teams with a variety of benefits that result in streamlined workflows and more efficient processes. One method of form sharing that GoFormz presents users with is via the Public Forms feature. Public Forms present teams with countless opportunities to streamline form completion and data collection, enabling users to share digital forms with individuals outside of the
Housing Wire
AUGUST 2, 2021
Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The quarterly survey found that banks loosened their underwriting standards most notably for jumbo products, including qualified mortgages (QM), jumbo mortgages and non-QM jumbo mortgages.
Eyes on Housing
AUGUST 5, 2021
Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability to fall to its lowest level in nearly a decade during the second quarter of 2021. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), 56.6 percent of.
Appraisal Buzz
AUGUST 5, 2021
Freddie Mae has announced a new single-close mortgage product that will allow homeowners to finance the cost of small scale renovations. The CHOICEReno eXPress will allow homebuyers to make cosmetic renovations , such as replacing windows and doors, roof repairs, minor remodeling and interior or exterior painting. The new product is an expansion of the existing Freddie Mac CHOICERenovation mortgages.
Appraiserblogs
AUGUST 2, 2021
Completing Today’s FHA Appraisal – Commonly Noted Deficiencies The last one ‘sold out’ quickly. Register today if you want to take this training: August 12, 2021 | 10:00 AM – 12:00 PM (Mountain) This training covers FHA appraisal requirements, including FHA appraisal protocol and policy as outlined in FHA’s Single Family Housing Policy Handbook 4000.1, the Appraisal Report and Data Delivery Guide (ARDDG), and relevant Mortgagee Letters.
Housing Wire
AUGUST 3, 2021
Cyber security , 5G, drones and virtual reality are the technological developments expected to have the biggest impact on real estate in the next two years, according to a National Association of Realtors survey. The survey also found that 36% percent of agents spend $50-$250 per month on technology, while 23% spend more than $500. The figures released Tuesday stem from 3,104 online responses to a June survey of NAR members.
Eyes on Housing
AUGUST 6, 2021
In July, U.S. job growth experienced a solid gain. Total payroll employment rose by 943,000 and the unemployment rate dropped sharply to 5.4%. The July data shows additional growth momentum at the beginning of the second half of the year. In the coming months, the surge of the Delta variant could affect the labor market as Covid-19 restrictions tighten to.
Appraisal Buzz
AUGUST 5, 2021
U.S. home prices in June increased 2.3% compared with May and were up 17.2% compared with June, according to CoreLogic ’s home price index. Lack of supply, economic rebound and demographic trends were the main factors fueling the home price surge, the firm’s research shows. The result is affordability challenges that are increasingly impacting low- and middle-income Americans.
GoForrmz
AUGUST 4, 2021
Leverage these powerful features to enhance your digital food safety forms and data capture Elevate your processes and enrich your data collection by adding these powerful features to your food safety Form Templates and workflows. Leveraging these features can introduce new opportunities for growth, while streamlining processes and achieving transformative work efficiencies.
Housing Wire
AUGUST 5, 2021
Instead of waiting for credit standards for agency-backed mortgages to relax, two industry veterans are launching a startup to help credit-impaired borrowers rise to meet them. Jeff Walker and Steve Romano founded CredEvolv , a startup that facilitates credit counseling in order to transform borrowers that were declined credit into mortgage-ready leads for lenders.
Eyes on Housing
AUGUST 4, 2021
Of the roughly 990,000 single-family and 389,000 multifamily homes started in 2020, 46,000 (28,000 single-family and 18,000 multifamily) were built in age-restricted communities, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). A residential community can be legally age-restricted, provided it conforms the one of the.
Appraisal Buzz
AUGUST 5, 2021
Industry leaders have ramped up technology and learned the true meaning of flexibility—now they must determine which innovations are here to stay and how to integrate them. The post The Way Back: A Return to In-Office Work appeared first on DSNews. The post The Way Back: A Return to In-Office Work appeared first on Appraisal Buzz.
McKissock
AUGUST 6, 2021
To become a licensed appraiser , most states require you to start out as an appraisal trainee and obtain a certain number of hours of experience before you can appraise real property on your own. Many states have different titles for trainees, such as apprentice appraiser or registered appraiser. Some states require you to earn a college degree , but some don’t.
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