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.
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 […].
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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.
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.
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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.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
NOVEMBER 15, 2021
After hitting the lowest levels in over a month last Tuesday, mortgage rates have been moving higher fairly quickly each day since then. Most of the damage occurred on Wednesday and Friday of last week (markets were closed on Thursday), but today got progressively worse as the hours ticked by. Mortgage lenders prefer to release one set of rates per day.
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.
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.
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.
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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.
GoForrmz
NOVEMBER 15, 2021
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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.
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.
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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.
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
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.
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.
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.
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.
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.
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.
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.
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.
Housing Wire
NOVEMBER 16, 2021
Soon after the Department of Housing and Urban Development released its Mutual Mortgage Insurance fund report, housing finance and policy experts opined on whether the Federal Housing Administration (FHA) should lower the fees it charges borrowers. The fund, which insures mortgages backed by the Federal Housing Administration , benefited from the same macroeconomic factors that have boosted the broader mortgage market.
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.
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.
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.
Housing Wire
NOVEMBER 16, 2021
North Carolina-based fintech firm nCino has reached a deal to acquire mortgage tech vendor SimpleNexus for $1.2 billion, the company said in a statement late Tuesday afternoon. The sum entails a $240 million cash payment and approximately 13.2 million shares of nCino common stock, nCino said. nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mort
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.
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.
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.
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