Housing Wire

SEPTEMBER 29, 2021

Today’s pending home sales came in at a big beat of estimates, running at 8.1% for this report. More importantly, this data line looks just right. One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well. Last year we had an abnormal burst of housing demand that was just make-up demand from the COVID-19 pause in the second half of 2020.

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Development Housing Market Real Estate Marketing 513

Sacramento Appraisal Blog

SEPTEMBER 29, 2021

Goodbye single family zoning. If you didn’t know, two weeks ago SB9 was signed into law in California, which now allows property owners to build a duplex on any residential lot or subdivide to build up to four units. This is massive news, so let’s talk about it. I’d love to hear your take in […].

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Law Appraisal Marketing 483

The Appraiser Coach

SEPTEMBER 28, 2021

All three states that I’m licensed in, Idaho, Utah and Wyoming, are non-disclosure states. I’ve never worked in a disclosure state and so I’m always a bit surprised when I’m. Read More.

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Appraisal Buzz

SEPTEMBER 28, 2021

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. In other words, time is money. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?

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Appraisal Property Appraisal 370

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

Construction

Housing Wire

SEPTEMBER 30, 2021

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30, according to Freddie Mac’s latest PMMS survey. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types, in conjunction with the 10-year U.S.

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Realtor

SEPTEMBER 29, 2021

It's a seller's market, but not everything you hear about buying a home today is true. We asked real estate agents to weigh in on some homebuying myths. The post 6 Things People Say About Buying a Home Today That Actually Aren’t True appeared first on Real Estate News & Insights | realtor.com®.

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Appraisal Buzz

SEPTEMBER 28, 2021

House prices rose nationwide in July, up 1.4% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). House prices rose 19.2% from July 2020 to July 2021. The previously reported 1.6% price change for June 2021 was revised upward to 1.7%. For the nine census divisions, seasonally adjusted monthly house price changes from June 2021 to July 2021 ranged from +0.8% in the West North Central.

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Housing Wire

SEPTEMBER 28, 2021

July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. The index showed a 19.7% annual gain for the year ending in July 2021, up from 18.7% a month prior. This is the highest annual rate of price growth since the index began in 1987 and the fourteenth consecutive month of accelerating prices.

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Eyes on Housing

SEPTEMBER 29, 2021

The U.S. Census Bureau Survey of Construction’s (SOC) 2020 estimates of the shares of the number of bedrooms in new single-family homes showed a sharp upswing in the percentage of new homes started with 4 or more bedrooms, unlike in prior recent years. The most recent SOC data show the shares in the varying number of bedrooms in new homes.

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Construction Buyers Mortgage 195

Advertiser: Trellis

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Real Estate

George Dell

SEPTEMBER 29, 2021

Many of you ask why we only teach courses using a data science approach to valuation. The answer is quite simple: It’s comprehensive, covering existing aspects of valuation. It sharpens the judgment involved with traditional methods. It increases usefulness, enabling appraisers to provide more than one service. Teaching only data science is also the topic […].

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Valuation Appraisal 195

Appraisal Buzz

SEPTEMBER 28, 2021

Aspen Grove discusses the recovery of advances for property inspection and preservation expenses continuing to challenge mortgage servicers (Sponsored Content). The post Do You Know Where Your Advances Are? appeared first on DSNews. The post Do You Know Where Your Advances Are? appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 1, 2021

PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels. According to PennyMac, for a one-unit property a borrower could receive $625,000, an increase of almost $75,000 from the maximum loan limit dictated by the Federal Housing Finance Agency (FHFA). The 2021 baseline national conforming loan limit for a one-unit property is currently capped at $548,250, though this number is expected to increase sometime in November.

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Lending Finance Mortgage Marketing 482

Eyes on Housing

SEPTEMBER 27, 2021

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows the share of new homes with a two-story foyer increased in regions where we saw a decline in 2019. However, most new single-family homes were still built without a two-story foyer nationally and regionally. According to the Census, a two-story foyer is defined as.

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Construction 167

DW Slater Company

SEPTEMBER 29, 2021

Few Signs of Cooling. Fall is always an interesting time here in North Texas. Although we do not experience some of the beautiful fall colors or temperatures as other states, the weather does begin to change, leaves do begin to change their color and fall. There is typically only about 1-2 weeks of pretty fall color so I always try to notice it before a big gust of wind comes through and blows all of the leaves to the ground.

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Real Estate Appraisal Renovations Home Value 162

Appraisal Buzz

SEPTEMBER 27, 2021

You can hardly post anything on an appraisal forum or social media without the first 17 comments stating, “I do non-lender work.” This response reminds me of the fitness culture several years ago, when it felt as though everyone I met would first tell me that they did CrossFit, sometimes before even stating their name. Despite the way such statements are often delivered, it’s important to admit that these people are on to something.

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Real Estate Agent Valuation Real Estate Appraisal 370

Housing Wire

SEPTEMBER 29, 2021

LoanDepot CEO Anthony Hsieh. After an origination team departed loanDepot in April of this year, loanDepot slammed the seven ex-employees and their new employer, CrossCountry Mortgage , with a lawsuit alleging they “hatched and implemented a scheme to loot loanDepot’s business.”. The Orange County, California-based retail lender , led by CEO Anthony Hsieh, in a lawsuit filed in San Diego Superior Court in June, alleged that the seven employees — the Meredith-Rogers team¸— stole client lists and

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Retail Business Clients Mortgage 468

Eyes on Housing

SEPTEMBER 30, 2021

The Survey of Consumer Finances (SCF) provides detailed information on the finances of U.S. families, including income, net worth, balance sheet components, credit use, and other financial outcomes. A previous analysis indicated that the primary residence continued to be the largest asset category on the balance sheets of households in 2019 and it accounted for about one quarter of all.

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Finance Home Value 163

GoForrmz

SEPTEMBER 28, 2021

Complete digital Daily Construction Reports from the field and instantly upload forms and data to Procore The GoFormz and Procore integration enables construction teams to streamline and accelerate the completion of daily tasks and documentation. Leveraging digital Daily Construction Reports, contractors in the field can easily select a project name and instantly populate corresponding details, like the job site address.

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Construction Tools 158

Appraisal Buzz

SEPTEMBER 28, 2021

Two important members of the real estate community issued reports related to the impact of climate change within the last week. The Mortgage Bankers Association (MBA) Research Institute for Housing while CoreLogic’s study was concerned with the housing costs associated with wildfires. MBA’s 49 page study, written by Sean Becketti, former chief economists for Freddie Mac, calls global warming “the source of climate change” and says its certainty is documented by 150 years

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Real Estate Appraisal Mortgage 370

Housing Wire

OCTOBER 1, 2021

Nestled between Utah Lake and the towering peaks of the Wasatch Mountain Range, it is hard to imagine that anything in the Provo-Orem metropolitan area could be anything other than serene. But for the past 12 months, the metro’s housing market has been in complete chaos. “It is hot, hot, hot here,” Clay Winder, a real estate agent for Keller Williams Westfield , said.

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Housing Market Marketing Agents Real Estate 448

Eyes on Housing

OCTOBER 1, 2021

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.4% in August to a seasonally adjusted annual rate of $786.6 billion. Total private residential construction spending was 24.3% higher than a year ago. The monthly gains are attributed to the strong growth of spending on improvements, while spending on single-family and multifamily constructions slipped.

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Construction 150

GoForrmz

SEPTEMBER 27, 2021

GoFormz highlighted as a top construction technology solution We are thrilled to announce that GoFormz has been selected as a ‘Top Construction Technology Firm’ by Construction Executive. Featuring the likes of Procore and Acumatica, Construction Executive’s inaugural round-up of 2021’s Top Construction Technology Firms , highlights impactful technology and software solutions serving the construction industry.

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Construction Technology 155

Appraisal Buzz

SEPTEMBER 28, 2021

While nominal house prices in July were 35% higher than at the housing boom peak for prices in 2006, house-buying power remains nearly 38% below its 2006 housing boom peak. The post Home Prices Become More Affordable Than Their Housing Boom Peaks appeared first on theMReport.com. The post Home Prices Become More Affordable Than Their Housing Boom Peaks appeared first on Appraisal Buzz.

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Appraisal 365

Housing Wire

SEPTEMBER 30, 2021

The Department of Veterans Affairs announced this week that it is extending the timeframe for borrowers to request loan deferment. According to the VA’s circular, servicers may continue offering loan deferment until July 1, 2023, thus pushing the deadline nearly two additional years. The original expiration of this option was supposed to occur on Oct. 1, 2021.

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Law Insurance Lending Real Estate 427

Raleigh Realty

SEPTEMBER 30, 2021

Medical Professionals Moving Guide: Healthcare Relocation Resources Are you a healthcare professional who is looking to move to a new city? Here are some tips and tricks to help make the process easier Healthcare professionals, especially today, are a vital component of society. The set of skills and expertise that you offer are unparalleled and the need for them is widespread.

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Logistics Finance Mortgage Insurance 146

GoForrmz

SEPTEMBER 29, 2021

Utilize the Calculation Builder to add instant calculations to your digital budget modification forms Digital forms provide countless benefits for industries of all kinds, including the ability to simplify and streamline your budget modifications through the use of instant calculations and the Calculation Builder. This feature can be accessed within the Template Editor, presenting users with an index of all available functions, fields, and variables.

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Appraisal Buzz

SEPTEMBER 28, 2021

The Mortgage Bankers Association ‘s (MBA) latest Forbearance and Call Volume Survey has revealed that the total number of loans now in forbearance decreased by 4 basis points from 3% of servicers’ portfolio volume in the prior week to 2.96% as of September 19, 2021. According to MBA’s estimate, 1.5 million homeowners are in forbearance plans.

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Mortgage Appraisal 363

Housing Wire

SEPTEMBER 27, 2021

Servicers’ forbearance portfolio volume dropped last week to a level below 3.00% for the first time in 18 months. The total number of loans in forbearance decreased by four basis points to 2.96% as of Sept. 19, according to the Mortgage Bankers Association (MBA). The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by four basis points to 6.91%, after a drop of 32 bps in the prior week.

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Eyes on Housing

SEPTEMBER 28, 2021

Consumer confidence fell for a third consecutive month in September, as concerns about the Delta variant and higher prices continued to dampen optimism. Spending intentions for homes, cars, and major appliances all retreated. However, consumer confidence was still at a high level and the consumer price index has shown signs of easing inflation. The Consumer Confidence Index, reported by the.

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GoForrmz

SEPTEMBER 29, 2021

Simplify HR documentation with these digital forms for Human Resources Human resource departments manage a variety of critical tasks – from hiring, to employee onboarding , to even payroll and performance management – all directly impacting business operations. Oftentimes, these responsibilities can be hindered by overwhelming paperwork, when relying on the use of paper forms.

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Appraisal Buzz

SEPTEMBER 28, 2021

They year 2018 saw historic levels of merger and acquisition activity, but new data suggests that 2021 will surpass that activity as the industry finds itself in the midst of consolidation. The post Mortgage M&A Activity Takes Off in 2021 appeared first on theMReport.com. The post Mortgage M&A Activity Takes Off in 2021 appeared first on Appraisal Buzz.

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Housing Wire

SEPTEMBER 28, 2021

Real estate brokerages can survive, but only if they seriously invest in mortgage. So said members of a panel Tuesday on the evolution of the real estate brokerage during HousingWire Annual in Frisco, Texas. Today the value of a single mortgage origination is that of 10 real estate sales, said Chris Kelly, president and CEO of Ebby Halliday Companies.

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Real Estate Brokerage Mortgage Insurance 411