Housing Wire
AUGUST 12, 2021
The average 30-year fixed-rate mortgage rose to 2.87% for the week ending in August 12, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The increase follows six consecutive weeks of mortgage rate declines. The week prior, mortgage rates slipped down to 2.77%, as the 10-year Treasury yields declined and fears over the Covid-19 Delta variant grew.
Sacramento Appraisal Blog
AUGUST 11, 2021
The housing market has turned the corner and we are seeing definitive slowing. Here are ten ways I’m seeing slowing in the market. If you’re not local, what are you seeing in your area? NOT DULL: The market is slowing, but it’s not dull. It is still really competitive. DOOM AND GLOOM: The doom and […].
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Appraisal Buzz
AUGUST 9, 2021
Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. It may benefit you and your business to stay updated on policy as it relates to the appraisal profession.
The Appraiser Coach
AUGUST 9, 2021
Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Getting a. Read More.
Housing Wire
AUGUST 9, 2021
Home purchase sentiment dropped 3.9 points to 75.8 in July as concerns about high home prices continued to scare off prospective homebuyers. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) found that 66% of respondents said that due to high housing prices, it’s a bad time to buy a home, up from 64% last month. Only 28% said it was good time to buy a home, down from 32% in June.
Eyes on Housing
AUGUST 10, 2021
Lot values for single-family detached homes started in 2020 surged 18%, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data. As a result, the median lot price reached a new record high of $53,000. Though an 18% jump in lot values is unprecedented, it is consistent with other significant building material price hikes and undeniable supply.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
George Dell
AUGUST 11, 2021
“Appraisal is not an exact science” are words I used to hear a lot. This understandable view leaves much to be explained. In the USA, appraisal is an opinion of value by an appraiser. (Licensed, and when required, for “federally related transactions”.) All other types of valuations have different or no regulations. However, they are […]. The post Is Appraisal Scientific?
Housing Wire
AUGUST 11, 2021
“We think it’s mainstream,” Opendoor CEO Eric Wu said of his company’s instant homebuying platform. “All the homeowners crave what we’re offering.”. “Over the long haul,” Wu added, regarding iBuying. “We think it will be the majority of transactions.”. That could be the future, but in the present iBuying is about.5% of U.S. home sales , per a Redfin report in June.
Eyes on Housing
AUGUST 12, 2021
Prices paid for goods used in residential construction ex-energy rose 0.2% in July after climbing 3.0% in June (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019 and have increased 19.4% over the.
Appraisal Buzz
AUGUST 13, 2021
With eight years of experience at Planet Home, Samantha Manfer will lead the marketing and branding efforts for the firm’s six business channels. The post Planet Home Lending Promotes Manfer to Head Up Business Development appeared first on theMReport.com. The post Planet Home Lending Promotes Manfer to Head Up Business Development appeared first on Appraisal Buzz.
The Appraiser Coach
AUGUST 10, 2021
Near my office there are two convenience stores but I only ever go to one of them. Really, there isn’t anything terrible about the one I don’t go to, but. Read More.
Housing Wire
AUGUST 13, 2021
In just a few months’ time, COVID-19 accelerated the digital shift era to forever change the way consumers approach home buying. This tipping point came after several years of rapid technology growth in our industry. In February 2019, we wrote an article predicting this seismic shift, detailing how mortgage lenders could and should prepare to not only survive the shift but thrive in the future digital age.
Eyes on Housing
AUGUST 13, 2021
According to the Census Bureau’s Survey of Construction, the share of new homes started with 5,000 square feet or more of living space stood at 2.50 percent in 2020, down from 2.71 percent in 2019. A total of 25,000 5,000+ square-foot homes were started in 2020, compared to 24,000 in 2019. The declining number and share of 5,000+ square foot.
Appraisal Buzz
AUGUST 13, 2021
But some real estate professionals say the ban is causing financial harm to small-scale landlords and causing “uncertainty for tenants and housing providers.” The post District Court Upholds CDC Eviction Moratorium appeared first on DSNews. The post District Court Upholds CDC Eviction Moratorium appeared first on Appraisal Buzz.
GoForrmz
AUGUST 10, 2021
Building form Templates just got even easier – check out our new Template Editor improvements and learn to create forms from scratch! We have just released an update to our Template Editor allowing form builders two powerful options when creating a digital form Template: Digitize your form in Form View Upload a PDF or JPG of an existing form to the Template Editor Create an entirely new form in List View (an ‘app-like’ index of form fields) Build your own form from scratch – no existing form req
Housing Wire
AUGUST 9, 2021
Once again, servicers’ forbearance portfolio volume fell — this time dipping seven basis points to 3.40% for the week ending Aug. 1, according to a survey from the Mortgage Bankers Association. Per MBA’s estimate, 1.7 million homeowners are still in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased, falling five basis points to 1.74%, and Ginnie Mae loans decreased 12 basis points to 4.18%.
Eyes on Housing
AUGUST 9, 2021
In the second quarter of 2021, non-real estate-secured consumer credit increased at a seasonally adjusted annual rate by 8.8%, with revolving debt1 increasing by 10.7% and nonrevolving debt2 increasing by 8.3%. Consumer credit totaled $4.3 trillion on a seasonally adjusted annual basis, with $992 billion comprised of revolving debt and $3.3 trillion in nonrevolving debt.
Appraisal Buzz
AUGUST 12, 2021
National General Lender Services (NatGen) discusses how it kept operations running smoothly over the past year while adapting to the new work from home environment. The post Employee Engagement in Our Ongoing Virtual Workplaces appeared first on DSNews. The post Employee Engagement in Our Ongoing Virtual Workplaces appeared first on Appraisal Buzz.
Urban
AUGUST 12, 2021
Data show housing payment history is a powerful predictor of mortgage performance.
Housing Wire
AUGUST 9, 2021
Refinances are flowing once again, according to July mortgage origination figures in a report from Black Knight, and early data from August suggests more are on the way. For the first time since February , refinance activity accounted for half of all origination activity, according to a report by Black Knight. Rate and term refinances rose 24%, while cash-out refinances were up 20% from the previous month.
Eyes on Housing
AUGUST 9, 2021
In the June labor market data, job openings for the overall economy increased to 10.1 million open positions. What had been a challenge in certain sectors, like construction, is now a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs increased in June to 339,000 unfilled positions, according to data from.
Appraisal Buzz
AUGUST 12, 2021
Rates remained below 3% but leapt this week following a strong U.S. jobs report and strong growth in the economic sector. The post Mortgage Rates Trend Upward After Six-Week Decline appeared first on theMReport.com. The post Mortgage Rates Trend Upward After Six-Week Decline appeared first on Appraisal Buzz.
Appraiserblogs
AUGUST 9, 2021
Appraisers should avoid using words that lend themselves to bias judgments. Instead, the appraisal report should document objective facts. “Bias” in appraisals has been a ‘hot topic’ around nationwide water coolers since about 2018, and even earlier. The GSE’s are particularly wary of any commentary in appraisal reports that appear to inject ‘bias’ into the value conclusion.
Housing Wire
AUGUST 11, 2021
Rocket Homes has plans to start iBuying – and discount real estate. The Detroit-based company – and no. 1 mortgage lender in the U.S. by volume – fired off a 1,490-word press release Tuesday declaring its intention to “combine every aspect of home selling and buying into one simple, customizable platform.”. Such are the ambitions of an array of companies today including Zillow and real estate brokerage Compass.
GoForrmz
AUGUST 12, 2021
Make back-to-school less stressful by efficiently collecting school activity registration forms with GoFormz online forms Relying on physical documents to organize student information introduces opportunities for incomplete student data and missing forms, putting you and your school at risk. Online forms make it easy to optimize and accelerate your school activity registration while maintaining existing formatting, allowing your operation to effortlessly digitize and modernize its documentation
Appraisal Buzz
AUGUST 12, 2021
A groundbreaking partnership between two government agencies—U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA)— will address discrimination in housing and enhance federal enforcement of the Fair Housing Act. HUD, historically charged with administering and enforcing the act, together with the FHFA, which regulates Fannie Mae and Freddie Mac, … The post Agencies Join to Advance Unbiased Lending appeared first on theMReport.com.
Appraiserblogs
AUGUST 12, 2021
The current administration is addressing the lack of diversity in housing valuation head-on with the formation of an interagency task force on Property Appraisal and Valuation Equity (PAVE). Here are the details of the PAVE Task Force. They just had their first meeting and this is a serious effort unlike the silliness of TAF’s bureaucratic actions of the past year that were nothing more than window dressing to the lack of diversity problem within the appraisal industry.
Housing Wire
AUGUST 13, 2021
Divvy Homes , the prop-tech startup that buys homes on behalf of renters and guides them to eventual ownership, announced Friday a new round of funding that nearly quadrupled its valuation to $2 billion. Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg.
GoForrmz
AUGUST 11, 2021
Digital daily job reports present teams with countless opportunities to streamline their workflows and enhance critical daily processes Daily job reporting can be a tedious and daunting task when relying on paper forms. Oftentimes, field teams would rather not complete daily reports, or in most cases, they simply get lost, resulting in missing data, communication barriers, and frustrations amongst collaborating teams.
Appraisal Buzz
AUGUST 11, 2021
Commercial and multifamily mortgage bankers are expected to close $578 billion of loans backed by income-producing properties in 2021 – a 31% increase from 2020’s volume of $442 billion, according to the Mortgage Bankers Association ’s (MBA) newest forecast. Total multifamily lending alone, which includes some loans made by small and midsize banks not captured in the overall total, is forecast to rise to $409 billion in 2021 – a new record and a 13%.
Raleigh Realty
AUGUST 11, 2021
Homeownership Guide and Resources for a Single Parent Learn more about the common challenges that single parents face when it comes to homeownership and resources to help overcome them Being a single parent comes with many challenges. Making sure your bills are paid, making sure you get the kids to school and sports practices, while also making sure your family (and you) are fed every day is probably about all you can mentally prepare for on a daily basis.
Housing Wire
AUGUST 12, 2021
Rocket Companies CEO Jay Farner. Rocket Companies is not content with merely being America’s largest lender. Its ambitions are far outsized, even for a firm with a reputation for taking moonshots. In its quarterly earnings call on Thursday, CEO Jay Farner and CFO Julie Booth described a sophisticated company that has developed a product solution for every piece of the home-buying and home-selling ecosystem.
GoForrmz
AUGUST 9, 2021
Digital purchasing forms expedite the purchasing process and enhance data collection Elevate your digital purchasing experience and by adding these GoFormz features for your mobile form Templates. Adding new features is easy and introduces new efficiencies and opportunities for your team. Below we’ve outlined a few easy-to-use features you can incorporate into your digital purchasing forms today: Drop Downs and Database Fields GoFormz Database Fields makes data entry painless while improving acc
Appraisal Buzz
AUGUST 11, 2021
The Mortgage Bankers Association’s (MBA) said its Market Composite Index, a measure of mortgage loan application volume, rose 2.8 percent on a seasonally adjusted basis during the week ended August 8. It was up 3 percent on an unadjusted basis. The volume of both refinance and purchase mortgage applications gained ground from the prior week. The Refinance Index increased 3 percent although it was 8 percent lower than the same week in 2020.
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