Housing Wire
DECEMBER 10, 2021
As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? Here’s a high-level forecast for what to expect next year, based on the supply and demand signals we can already see in today’s data.
Appraisal Buzz
DECEMBER 6, 2021
The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand. However, placing the appraiser shortage into a broader context helps us to better understand the causes, as well as the solutions that are already underway to remedy the problem. .
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Sacramento Appraisal Blog
DECEMBER 9, 2021
Are you getting into the holiday spirit? I’m not there yet, but I’m hoping to find my way there. I mean, I did see the Foo Fighters play this week and that was incredible. But it didn’t really catapult me into holiday cheer either. Anyway, I’m open to ideas if you have some. For now […].
Eyes on Housing
DECEMBER 9, 2021
According to the latest Annual Builder Practices Survey (ABPS), one in four new single-family detached homes were built in established neighborhoods in 2020. This includes 19% of new homes that were built on infill lots and 6% that involved tearing down an old building prior to building a brand new single-family detached home. These shares vary significantly across the United.
Housing Wire
DECEMBER 8, 2021
My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. 2020 and 2021 easily each have over 6.2 million new and existing home sales combined.
Appraisal Buzz
DECEMBER 9, 2021
Tavant , a digital lending technology provider, is partnering with LogRocket , a data and analytics company, to enhance consumer lending experiences for American homebuyers. Tavant’s AI-powered consumer lending platform – V?LOX – provides differentiated, customer-centric lending experiences. These data and analytics enhancements enable mortgage providers to identify how their lending process can better satisfy borrowers’ unique expectations.
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Eyes on Housing
DECEMBER 7, 2021
The suburban shift for single-family home building, which was precipitated in large part by the onset of the COVID-19 pandemic last year continues. But new data reveals that higher density markets are making a comeback as well, according to the third quarter edition of the NAHB Home Building Geography Index (HBGI). As more workers transition back to the workplace, there.
Housing Wire
DECEMBER 9, 2021
Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates have moved sideways over the last several weeks, fluctuating within a narrow range.
Appraisal Buzz
DECEMBER 8, 2021
In today’s Buzzcast, we dive into the appraisal process in Spain and what we can learn and take away from their methods. Today we have Joan Trice, Founder of Allterra Group, LLC., and Juan Fernandez Aceytuno of the Sociedad de Tasación. We’ll be getting the inside scoop while they discuss the differences between the appraisal processes in Spain versus in the States.
The Appraiser Coach
DECEMBER 7, 2021
Are you getting in your own way? Are you limiting your own success because you don’t believe that it is possible to reach your goal? There is a way you. Read More.
Eyes on Housing
DECEMBER 8, 2021
The labor market continues to tighten, especially for the construction industry. The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory.
Housing Wire
DECEMBER 10, 2021
In the world of mortgage-financing, there exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan. In the secondary market, these non-QM loans are in demand this year and are expected to continue propelling the growth of private-label securitizations in the year ahead, according to Dane Smith, president of Versus Mortgage Capital.
Appraisal Buzz
DECEMBER 10, 2021
Mortgages that are in active forbearance plans continue to fall in December, led by portfolio held and privately securitized loans. According to Black Knight’s McDash Flash daily mortgage performance dataset, which covers more than 197 million home loans and home equity data on more than 27 million loans and lines of credit, the number of loans in active forbearance fell by … The post Active Forbearance Numbers Continue to Fall appeared first on DSNews.
GoForrmz
DECEMBER 7, 2021
“ An audit takes a while.so to be able to shave time off of that is pretty valuable for the customer experience. ” — Vladimir Kostovski, Salesforce Consultant, FOR Energy. Challenge FOR Energy had not yet connected their GoFormz account to Salesforce, requiring in-field auditors to re-enter quote information that was already captured within their digital forms.
Eyes on Housing
DECEMBER 10, 2021
In November, consumer prices increased by 6.8% from a year ago. It marks the largest year-over-year gain since June 1982. Supply-chain constraints and strong consumer demand related to the pandemic and the reopening of the economy have contributed to recent price increases in some sectors. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by.
Housing Wire
DECEMBER 7, 2021
The HousingWire award spotlight series highlights the companies that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Tech100 award are now open through next Friday, December 17, 2021. To submit your company, go here. If there’s anything that lenders and borrowers have learned from the current purchase market it’s that speed and efficiency are key to a smooth closing.
Appraisal Buzz
DECEMBER 10, 2021
With more than 18 years of experience in the default servicing sector, Mark Rothfuss joins firm to head up the Ohio and Kentucky Foreclosure and Litigation Practice. The post McCalla Raymer Leibert Pierce Add New Partner appeared first on DSNews. The post McCalla Raymer Leibert Pierce Add New Partner appeared first on Appraisal Buzz.
JMV Lending
DECEMBER 6, 2021
Here are a few things that really scare appraisers. 1. Unusual Properties. Unusual properties include those with acreages, odd structures (e.g. a round house), multiple dwellings on one lot, adverse influences such as a nearby freeway, easements that clearly affect value, income properties (two to four units), over-improvements, unfinished structures, significant deferred maintenance, and unclear […].
GoForrmz
DECEMBER 6, 2021
Discover how Balmain & Co streamlines the collection of client warranty claims with online forms and the Procore integration Balmain & Co, a Melbourne-based developer and builder, needed a more efficient means of collecting and processing warranty claims for their buildings’ apartment owners. The ‘Balmain & Care’ program provides building unit owners with a defect liability period after their purchase, allowing residents to submit any concerns within their unit to Balmain & Co.
Housing Wire
DECEMBER 7, 2021
The Biden administration announced on Monday that it is looking to expand reporting requirements on all-cash real estate transactions. The announcement came via a U.S. Treasury Department notice seeking public comment on this potential regulation. According to the Biden administration, the aim of this regulation would be to crack down of individuals using the U.S. real estate market to launder money made through illicit activities, which the administration views as a vulnerability in the real es
Appraisal Buzz
DECEMBER 10, 2021
Access to jumbo mortgage credit continued to increase in November, but the Mortgage Bankers Association (MBA) says it is still down significantly from pre-pandemic levels. Overall access fell during the month according to MBA’s Mortgage Credit Availability Index (MCAI) which dipped by 0.6 percent. The decrease, however, was due solely to a constriction on the government loan side.
Urban
DECEMBER 8, 2021
Without a common understanding of the differences between data sources, the size of the racial homeownership gap will be unclear, and we can’t begin closing it.
Appraiserblogs
DECEMBER 10, 2021
“[The builder] filed a grievance against me… and threatened to file a grievance every time I or others appraised below purchase price.” California and Nebraska couldn’t be more different, but both clearly want their states to be more like the fictional town of Lake Wobegon – a place where all the men are good-looking, all the children are above average and all properties appraise at or above their sale price.
Housing Wire
DECEMBER 7, 2021
More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. According to the Mortgage Bankers Association ‘s Research Institute for Housing America (RIHA), the number of households missing rent or mortgage payments increased from 5.33 million to 5.43 million between October of 2020 and October 2021.
Appraisal Buzz
DECEMBER 10, 2021
Millennials are spending the highest percentage of their monthly income on homeownership costs compared to other generations. According to a new report by home equity investment provider Hometap, millennials are finding themselves at the greatest risk of becoming house-rich and cash-poor. As real estate values and housing demands remain high nationwide, millennials are also the … The post Survey Shows Financial Hardships for Millennials appeared first on theMReport.com.
GoForrmz
DECEMBER 8, 2021
Leverage Signature fields to improve compliance, expedite processing and approvals, and simplify Signature location Whether you need to capture authorizations on work orders and timesheets or you’re a teacher collecting Signatures on permission slips , electronic Signature fields are important to our day-to-day. Fortunately, adding an electronic Signature in the GoFormz online form builder is quick and easy.
Appraiserblogs
DECEMBER 6, 2021
When I read the announcement that Fifth Wall funded a relatively new startup called ALOFT, I and many of my peers were confused on what the value proposition actually is. Backed by a VC, including some of the biggest… In addition to Fifth Wall, Aloft’s backers include VC firms Andreessen Horowitz and MetaProp, Zillow and Pacaso co-founder Spencer Rascoff, Built CEO Chase Gilbert and Doordash executive Gokul Rajaram.
Housing Wire
DECEMBER 7, 2021
Record home price appreciation in recent years has pushed tappable home equity to new heights. According to a report published by data vendor Black Knight this week, the third quarter of 2021 saw a nearly $250 billion dollar increase in tappable equity—a record. In turn, Black Knight predicts that there will be an influx of cash-out refis in the months to come.
Appraisal Buzz
DECEMBER 10, 2021
MBA Associate VP Joel Kan discusses increases in conventional credit availability, and how it has been offset by a decrease in government credit. The post A Decline in Credit Availability in November appeared first on theMReport.com. The post A Decline in Credit Availability in November appeared first on Appraisal Buzz.
Hank Miller Team
DECEMBER 8, 2021
Size matters. It matters because you live in that space, you pay for and tax on that space, and you maintain that space. One day, you’ll sell that space. Size matters so you better understand how it’s determined…because many in the real estate industry don’t. They don't because no one makes them; the confusion over how to measure a home is due in part because there are no agreed upon standards.
McKissock
DECEMBER 7, 2021
Are you harming your listing’s chances with bad photos? A great listing description isn’t complete without stunning real estate photography to showcase the property — yet so many agents make avoidable mistakes when trying to photograph their listings. We spoke to veteran real estate Chris Miller, whose company Imagine Imagery is a go-to resource for real estate agents in Palm Springs about what it takes to get powerful images of your properties.
Housing Wire
DECEMBER 8, 2021
Mortgage applications increased 2% for the week ending Dec. 3, driven by a surge in government refinancings according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The increase was mainly driven by the refinance index up 9% from the previous week on a seasonally adjusted basis. Concurrently, the purchase index decreased 5% from the week prior.
Appraisal Buzz
DECEMBER 10, 2021
An upcoming webinar will share the secrets and techniques behind selling USDA real estate-owned properties, led by a panel of experts in the field of property preservation, asset management and REO support services. The post The Week Ahead: Tapping Into the USDA REO Market appeared first on DSNews. The post The Week Ahead: Tapping Into the USDA REO Market appeared first on Appraisal Buzz.
BiggerPockets
DECEMBER 7, 2021
Out of all of the ways to build wealth through investing, why invest in real estate? Well, there are a lot of different ways to invest in real estate — all of them with real potential.
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