Housing Wire

NOVEMBER 18, 2021

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said the combination of rising inflation and consumer spending is driving mortgage rates higher.

Mortgage 510

Mortgage Inventory Business Marketing 510

Appraisal Buzz

NOVEMBER 15, 2021

Matt Simmons has been busy with his sixth edition of “Random Thoughts of an Appraiser!” There are plenty of times where appraisers have collectively had thoughts or concepts that can be communicated and/or questioned in a sentence and don’t need a dedicated article. We are pleased to have Matt Simmons, partner of Maxwell, Hendry & Simmons, offer a periodic collection of observations on what’s going on in the valuation world.

Appraisal 435

Appraisal Valuation Finance Clients 435

Sacramento Appraisal Blog

NOVEMBER 17, 2021

Real estate has been slowing, but it’s still completely nuts. I’ll explain below. But first let me unpack the NAR conference in San Diego and share some exciting personal news. Then stats and perspective for those interested. NAR Conference & my new BFF: I had the honor of sitting on an appraiser panel last weekend […].

Housing Market 418

Housing Market Marketing Real Estate Appraisal 418

Eyes on Housing

NOVEMBER 17, 2021

The number of single-family built-for-rent (SFBFR) construction starts reached its highest quarterly volume on record during the third quarter of 2021. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure.

Construction 198

Construction Inventory Marketing 198

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

NOVEMBER 15, 2021

Real estate investors spent a record $63.6 billion to purchase homes in the third quarter, up 78% from a year earlier, with an intense housing shortage fueling their returns, according to a Redfin report published on Monday. In total, investors acquired 90,215 homes in the third quarter, an 80.2% increase year-over-year. Redfin defines an investor as any institution or business that purchases residential real estate.

Investors 507

Investors Real Estate Housing Market Construction 507

George Dell

NOVEMBER 17, 2021

Three comparables have been the standard for many years. On the residential appraisal side, some clients ask for more (such as current listings). For ‘general’ appraisal, typically four to six comparable sales are enough to achieve believability (credibility). Believability arrives at the user’s desk in a readable report. In the past, the standard residential form […].

Clients 195

Clients Appraisal 195

The Appraiser Coach

NOVEMBER 16, 2021

You need to take care of yourself, even when you are busy and you’re having record breaking months. You can work hard but you still need to include some rest. Read More.

Business 195

Business Inspection Advertising Government 195

Housing Wire

NOVEMBER 17, 2021

Today, the U.S. Census Bureau reported that housing starts came in as a miss of estimates at 1.52 million for October and housing permits came in at a beat at 1.65 million. Revisions came in negative, but the real story here is that housing is back to its slow construction phase, which isn’t shocking considering where monthly supply is at and the delays in construction that we are all aware of.

Construction 505

Construction Housing Market Marketing 505

Appraisal Buzz

NOVEMBER 19, 2021

After months of record home sales, fierce bidding wars, and low rates, the market has cooled as supply has dwindled, and more are opting to see where the market settles. The post The Week Ahead: Where Is the Housing Market Going in Q4? appeared first on theMReport.com. The post The Week Ahead: Where Is the Housing Market Going in Q4? appeared first on Appraisal Buzz.

Housing Market 195

Housing Market Marketing Appraisal 195

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Real Estate

Eyes on Housing

NOVEMBER 18, 2021

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has shown weakness. For the third quarter of 2021, there were only 2,000 starts of such residences.

Construction 187

Construction Development 187

GoForrmz

NOVEMBER 15, 2021

Reduce paper waste by leveraging digital forms as your sustainable business tool With paper forms, businesses struggle with administrative burdens , are prone to costly errors, and experience detrimental delays. Along with the negative business impacts, paper forms add to the current environmental struggles that are prevalent today. Having an understanding of the environmental impact of paper is critical, especially as paper accounts for 26% of total waste in landfills.

Modernization 158

Modernization Business Tools Clients 158

Housing Wire

NOVEMBER 16, 2021

Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. However, on a month-to-month basis, activity was actually 6% higher in October than in the month prior. The strong monthly gain puts MBA’s estimate of new home sales at its strongest pace since January 2021, the report said.

Supply Chain 494

Supply Chain Mortgage Construction Buyers 494

Appraisal Buzz

NOVEMBER 19, 2021

The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options. The post Inventory Issues Not Enough to Slow Surging Demand appeared first on DSNews. The post Inventory Issues Not Enough to Slow Surging Demand appeared first on Appraisal Buzz.

Inventory 195

Inventory Buyers Appraisal 195

Eyes on Housing

NOVEMBER 15, 2021

Friday’s post described how, in the construction industry, job layoffs have plunged while unfilled job positions remain elevated (according to the government’s latest Job Openings and Labor Turnover report). If more evidence of a severe supply chain challenge is needed, the record percentages of NAHB members reporting labor shortages in recent surveys can provide it.

Supply Chain 178

Supply Chain Construction Housing Market Marketing 178

GoForrmz

NOVEMBER 17, 2021

Thousands of contractors leverage the GoFormz platform to modernize their day-to-day operations Check out these five digital forms that elevate professionalism, improve operational workflows, and enhance communication between field and office roofing contractor personnel: Roof Inspection Form By introducing digital roof inspection forms into your field operations, roofing contractors can drastically improve their customer retention, internal communication, business professionalism, and much more

Inspection 148

Inspection Construction Modernization Project Management 148

Housing Wire

NOVEMBER 19, 2021

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The cabinet-level federal agency, which backs mortgage loans for veterans, said the move was in response to “unprecedented demand for appraisal services” in some markets.

Appraisal 482

Appraisal Marketing Finance Business 482

Appraisal Buzz

NOVEMBER 19, 2021

At a time of the year when the market generally cools, home buyers are looking to land the home of their dreams among an ever-shrinking supply. The post Home Buyer Demand Hits Peak Levels appeared first on theMReport.com. The post Home Buyer Demand Hits Peak Levels appeared first on Appraisal Buzz.

Buyers 195

Buyers Appraisal Marketing 195

Eyes on Housing

NOVEMBER 15, 2021

Over the first nine months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 864,184. On a year-over-year (YoY) basis, this is a 21.2% increase over the September 2020 level of 713,286. Year-to-date ending in September, single-family permits increased in all four regions. Southern region reported the strongest increase of 22.8%, followed by Northeast (+20.4%), West.

Construction 172

Construction Marketing 172

GoForrmz

NOVEMBER 16, 2021

Improve your healthcare operation’s patient care and retention with HIPAA-secure online forms and real-time data capture In healthcare, every interaction with a patient impacts retention. From intake to follow-up, it is critical that healthcare teams prioritize efficient, clear, and professional communication, as each interaction can impact retention and attrition.

Clients 146

Clients 146

Housing Wire

NOVEMBER 15, 2021

Vishal Garg, founder and CEO, Better.com. Better.com is struggling to deal with the waning influence of refis in the mortgage market, with preliminary results published by their SPAC partner revealing that the digital lender expects a net loss between $85 million and $100 million in the third quarter. And the forecast looks even worse for the fourth quarter, documents show.

Business 457

Business Mortgage Marketing Finance 457

Appraisal Buzz

NOVEMBER 19, 2021

New brand to key in on real estate investors’ access to capital and the revitalization of neighborhoods and rehabbing of homes across the U.S. The post LendingHome Completes Rebrand to ‘Kiavi’ appeared first on DSNews. The post LendingHome Completes Rebrand to ‘Kiavi’ appeared first on Appraisal Buzz.

Real Estate 195

Real Estate Investors Appraisal 195

Eyes on Housing

NOVEMBER 16, 2021

Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges – including building material bottlenecks and lot and labor shortages – remain stubbornly persistent. Builder sentiment in the market for newly built single-family homes moved three points higher to 83 in November, according to the National Association of Home.

Inventory 167

Inventory Buyers Marketing 167

GoForrmz

NOVEMBER 18, 2021

Digitize your retail checklists to improve daily operations and enhance the in-store experience for customers To ensure that your daily operations at your retail store are efficient and running smoothly, it is imperative that you have taken your paper checklists to digital. With digital checklists, you can guarantee that all stakeholders - managers, supervisors, and floor staff are working under the correct protocol and that expectations are consistently met.

Retail 145

Retail Inspection Inventory Business 145

Housing Wire

NOVEMBER 16, 2021

Alessandro P. DiNello, president and CEO of president at F lagstar Bancorp. Flagstar Bancorp. has been on a tear in 2021 when it comes to pursuing private-label securitizations, with 13 deals backed by some 22,000 home loans valued at $8 billion now under its belt through mid-November of this year. A pending merger with a New York bank boasting $58 billion in assets, once finalized, promises to further bolster Flagstar’s activity in the private-label space in the year ahead.

Marketing 454

Marketing Retail Lending Business 454

Appraisal Buzz

NOVEMBER 19, 2021

Mortgage Automator, a complete loan origination and servicing software for private lenders, has integrated Lightning Docs , a proprietary cloud-based loan document generation system developed in-house by the attorneys and partners at Geraci LLP. “We are very excited to partner with Geraci LLP who share our vision and commitment to the digital progress in the private mortgage industry,” says Joseph Fooks, Mortgage Automator’s co-founder.

Mortgage 195

Mortgage Development Appraisal 195

Eyes on Housing

NOVEMBER 19, 2021

In the third quarter of 2021, effective interest rates increased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C). This result reverses a general downward trend that had prevailed since the third quarter of last year. In the third quarter of 2021, the average effective rate (based on rate of return to the.

Construction 165

Construction Development Lending 165

Appraiserblogs

NOVEMBER 18, 2021

The real estate industry has a square footage credibility problem. ANSI has been out since 1996 with no new pages added and very few changes. In a constantly changing industry with new home styles and designs, change is a requirement. We have to remember that ANSI was originally created to be simple enough for a teenager to understand. It’s a great basic tool but falls well short of solving the real estate industry’s square footage problems.

Appraisal 140

Appraisal Training Real Estate Valuation 140

Housing Wire

NOVEMBER 17, 2021

Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. The refi volume decreased 5% compared to the previous week. Meanwhile, applications to purchase a new home declined 6% in one year. However, they were up 2% in comparison to the previous week.

Investors 443

Investors Contracts Government Real Estate 443

Appraisal Buzz

NOVEMBER 19, 2021

Dave Lucchino, SVP, Single-Family Operations at Freddie Mac, discusses the PAID tool and how it can help servicers, as well as other client-centric solutions the GSE is working on. The post DS5: How Freddie Mac Is Aiding Servicers With PAID appeared first on DSNews. The post DS5: How Freddie Mac Is Aiding Servicers With PAID appeared first on Appraisal Buzz.

Tools 195

Tools Clients Appraisal 195

Eyes on Housing

NOVEMBER 19, 2021

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building matched the best quarter for construction starts since the spring of 2008 during the third quarter of 2021. There were 56,000 total custom building starts during the third quarter of the year. This marks a 5.7% gain from the third quarter of.

Design 151

Design Construction 151

DW Slater Company

NOVEMBER 17, 2021

“When I started counting my blessings, my whole life turned around.” Willie Nelson. As we are entering a busy holiday season, I hope that you are able to take some time for reflections. I do know the times have been trying the past 2 years. There have been many losses and changes for many of us, but because of this I truly cherish the time we get with family and friends.

Marketing 140

Marketing Real Estate Inventory Appraisal 140

Housing Wire

NOVEMBER 18, 2021

The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. But even with this push to make a borrower’s life easier, systemic inequality still exists. HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership.

Technology 435

Technology Lending Mortgage Investing 435