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The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found. According to Redfin ’s monthly migration report, July saw the net inflow of Redfin users packing their bags and moving to Miami rise to 7,610, up from 2,216 last year. Milagros Alvarez, a Miami real estate agent at Redfin, said that the pandemic “has brought even more out-of-towners to the area” because so many people can no
It’s been a heavy week around here and I have a few things on my mind. Let’s talk about the fires, the new norm of fire season, and then I have some fresh stats to share. Fire rampage: It’s been a brutal week in Sacramento. I think so many locals feel deflated as we watch […].
In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. (MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom
In today’s Buzzcast, we dive into the Business-Building Workshop, “Marketing through Social Media” being held at Valuation Expo on September 8th. Today we have Blaine Feyen, Owner of Feyen Appraisals, with Joan Trice, Founder of Allterra Group, LLC. Blaine Feyen is the host of this Business – Building Workshop and we’ll be getting the inside scoop while Joan and Blaine discuss how appraisers should be marketing themselves.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Remember that pretty girl from your history class in college — the one who would blow hot and cold, so you never really knew what she was thinking? The U.S. housing market can be like that girl: you can get many mixed messages (especially about a housing bubble) unless you are paying attention. But who has time for that? Hey, that’s all I do, so you’ve come to the right place.
I’m big on technology. One of my most used pieces of technology is my smartphone. I wanted to share with you some of the apps that I use all the. Read More.
I’m big on technology. One of my most used pieces of technology is my smartphone. I wanted to share with you some of the apps that I use all the. Read More.
In June, national home prices continued to rise at a fast and unsustainable rate. Strong demand and low housing inventory have been driving home prices at double-digit growths for eleven months. All 20 metro areas reported home price increases in June, while 12 of them had an acceleration in home price growth. The S&P CoreLogic Case-Shiller U.S.
In today’s Buzzcast, we dive into the appraisal process and how appraisers need to remain in the forefront of it all. Today we have Mark Walser, President of Incenter Appraisal Management, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Mark discuss how appraisers are the most important part of the transaction.
It’s the current, not the waves, that will propel longstanding changes in the American housing market, said Logan Mohtashami , HousingWire’s lead analyst. How much housing is built and sold; who pays for those units; and how Americans ground their lives in what and where they live: these forces are rooted in societal and family culture and largely impervious to surface turmoil.
Reform? What is the real problem? We know of meltdowns. We hear of bias. And we see the “American Dream” may be just a dream. So what about government? Why? And what part might appraisals play in these issues? More importantly, what keeps us from implementing solutions? Can government agencies (such as FFIEC and the […]. The post Can Government Reform Government?
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.
Of the roughly 990,000 single-family homes started in 2020, 65.3 percent came with porches, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial funding from the Department of Housing and Urban Development). This marks the third time the share of single-family homes with porches has broken above the 65 percent barrier.
You say you care about collateral valuation, you are aware of the plight of professional fee appraisers in a world that seems to be losing sight of their value, you understand the lender drive to reduce risk in their transactions. Sounds like you’ve set the stage for a very productive conversation. Well, at least the figurative table has been set, now if we can just get everyone to take their seats.
In a change that is likely to make many in the reverse mortgage industry turn their heads, Reverse Mortgage Funding, LLC (RMF) announced on Wednesday that it is lowering its minimum eligible age for its Equity Elite proprietary reverse mortgage product suite to 55, making it the only product in the American reverse mortgage industry that can be offered to people under the age of 60 across 19 eligible states and the District of Columbia.
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.
A majority of new homes that completed construction in 2020 included two-car garages (67%), according to NAHB analysis of 2020 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.
U.S. house prices rose 17.4% from the second quarter of 2020 to the second quarter of 2021, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices were up 4.9% compared to the first quarter of 2021. FHFA’s seasonally adjusted monthly index for June was up 1.6% from May. “During the second quarter, house prices peaked in June with an 18.8 percent growth rate compared to a year ago,” observes.
With little inventory, home-price growth in the U.S. hit a record high in June, rising 18.6% from the same period last year, according to the S&P CoreLogic Case-Shiller Index. June marked the highest annual rate of home price growth since the index debuted in 1987, beating out the 16.8% annual growth rate logged the month prior, in May 2021. “While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper
How can changes in local and federal policy improve housing stability, housing affordability, and wealth building opportunities for Black, Indigenous, and Latinx communities?
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 76.3% of new home sales in the second quarter of 2021—the largest share since the beginning of the Great Recession in 2008. The share of sales backed by conventional loans in Q2 2021 increased 5.1 percentage points (quarter-over-quarter) from.
Black Knight estimates that nearly 630,000 forbearance plans, more than one-third of those currently active, are slated for review this month. Of those, 400,000 will have reached the end of their 18 months of forbearance eligibility unless the maximum term is extended again. The end of August saw a significant decline in forbearance numbers as servicers worked through the month’s crop of three-month reviews.
“By failing to prepare, you are preparing to fail.” While John Wooden was not the first to utter these sentiments, it became one of his more well-known mantras and undoubtedly the soundtrack to more than one of his 10 national championships. For Wooden and his teams, the preparations were made during the off-season, in practice, in the weight room, etc. to excel during the games and season.
Digitally transform how you research, rent, buy, sell, and manage properties PropTech (Property Technology) is the newest real estate industry buzzword, highlighting real estate’s growing focus on modernizing and improving the industry through technology and the digital landscape. Companies like Zillow, Compass, Airbnb, and others, have helped pave the way for real estate’s digital transformation – proving that digital platforms can provide significant value for real estate teams.
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.5% in July to a seasonally adjusted annual rate of $773.0 billion. Total private residential construction spending was 27% higher than a year ago. The monthly gains are attributed to the strong growth of spending on single-family construction and improvements.
An analysis of Census Bureau data has found that older homeowners are heading to the Sunshine State, while younger homeowners are calling the Lone Star State “home.”. The post Where Are Older and Younger Americans Settling? appeared first on theMReport.com. The post Where Are Older and Younger Americans Settling? appeared first on Appraisal Buzz.
Instant homebuyer Offerpad quietly became a publicly traded business Thursday, after it merged with a blank check company led by former Zillow CEO Spencer Rascoff one day earlier. Offerpad’s transition escalates the rivalry between Rascoff and his former company Zillow. It also nudges Offerpad from intriguing upstart to another business vying to move iBuying from dazzling concept to profit making enterprise.
GoFormz is the easiest and fastest way to create digital forms No matter your industry, the modern workplace has turned to digital solutions to streamline and refine the way work gets done. As the businesses have evolved, so have their customers, who now expect modern, efficient services from their vendor or provider of choice. These expectations are problematic for businesses that have been slow to adopt digital solutions, as they struggle to keep pace with the speed, professionalism, and agili
Total payroll employment rose by 235,000 in August, marking a significant slowdown from the previous month. Meanwhile, the unemployment rate dropped to 5.2% in August, the lowest point during the pandemic. In August, residential construction employment rose by 17,400, while non-residential construction lost 20,300 positions, reflecting declines in builders (-2,800), nonresidential specialty trade contractors (-9,200) and heavy and civil engineering.
The destructive weather event could be a warning of things to come—property and risk professionals explain what can be done to protect the market in the future. The post Experts Discuss Hurricane Ida Fallout appeared first on DSNews. The post Experts Discuss Hurricane Ida Fallout appeared first on Appraisal Buzz.
Technology is important in digitizing the mortgage process, but what’s more important is effective coordination between all parties. Lenders need to be able to connect with borrowers, as well as other housing professionals, with ease. The problem with technology is that many people work across different systems, which can create a fragmented mortgage ecosystem.
Streamline the collection of student information, parent/guardian permissions, and time-sensitive waivers, with digital forms and online form sharing Digital registration forms and waivers provide educators and school administrators with an efficient, seamless way of collecting student information and parent permissions. K-12 educators can leverage our free Educator’s Edition to easily digitize their existing forms and share them with students, parents, and colleagues to be filled out and submit
Things You Should Be Doing When Selling Your Home Wondering what you should be doing to get your home ready to list for sale? Here are 7 things you should do before selling your house Are you considering selling your home, but maybe don’t know where to start? Should you hire a realtor or sell it on your own? What updates can you complete on your home to make it more marketable?
A new study ranks three separate cities in Virginia as the best places for first-time homebuyers. The study compares 300 cities of varying sizes, scoring them in 22 separate categories. The post Virginia Tops List for First-Time Homebuyers appeared first on theMReport.com. The post Virginia Tops List for First-Time Homebuyers appeared first on Appraisal Buzz.
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