Housing Wire

JUNE 29, 2021

With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through in the housing market. The first thing that pops into my shriveled brain is how the housing market looked in February of 2020. Data from that month showed that housing was breaking out — but because we received this data in March of 2020, we were all too busy trying to survive to take

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Inventory Housing Market Marketing Business 542

Sacramento Appraisal Blog

JUNE 30, 2021

I’ve got a few things on my mind today. Some light stuff and some deep stuff. Let’s talk about lumber, food in listings, that leaning building in San Francisco, bias in valuations, and a slowing vibe in the housing market. Skim topics or digest slowly. 5 THINGS ON MY MIND 1) Lumber is lower (sort […].

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Housing Market Marketing Valuation Appraisal 445

Appraisal Buzz

JULY 2, 2021

With the housing market booming but suffering from widespread inventory shortages, MReport examines how the industry can help guide more borrowers around the obstacles and toward their goal of homeownership. The post Keeping the American Dream Alive appeared first on theMReport.com. The post Keeping the American Dream Alive appeared first on Appraisal Buzz.

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Inventory Housing Market Appraisal Marketing 370

The Appraiser Coach

JUNE 29, 2021

Back in the 1980’s an American minister by the name of Robert Fulghum published a series of essays in a book titled All I Really Need To Know I Learned. Read More.

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Advertising Inspection Business Real Estate Agent 354

Housing Wire

JUNE 30, 2021

The Broadmoor Hotel in Colorado Springs, Colorado. Brokerage executives are elated to see each other in person again. So long as it’s temporary. “It’s a tremendous opportunity to reconnect with everyone,” said Susan Yannaccone , chief executive of Realogy’s franchise network since last November. “The intangible connection you can make with people face-to-face or over a cup of coffee.

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Eyes on Housing

JUNE 30, 2021

Previous posts reported on home buyer preferences for kitchen and bath features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition. The same study also asked the panel of 3,247 recent and prospective home buyers to rate a dozen different window types and materials on the following four tier scale: The general window characteristic that home buyers value more.

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Buyers 218

George Dell

JUNE 30, 2021

Data science is new ways of thinking, new tools, computation, and visualization. For valuation, it is simply optimizing the best of appraiser judgment and computer power. Traditional appraisal theory is good. It is a subset of economic theory. What is different is the available data and algorithms to select and predict from that data. Also […].

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Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. “Economic growth remains steady and is bolstering more segments of the economy,” said Sam Khater, Freddie Mac’s Chief Economist.

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Mortgage Housing Market Realtors Inventory 511

Eyes on Housing

JUNE 29, 2021

Consumer confidence continued its upward trend and approached to pre-pandemic level in May, as consumers became more upbeat about the current and future economic conditions and job market. Though short-term inflation expectations increased, it had little impact on consumer confidence or spending intentions. The share of consumers planning to buy homes, cars, and major appliances all increased, suggesting consumers will.

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Marketing 187

Appraisal Buzz

JUNE 29, 2021

Through a new pool type, Ginnie Mae deepens its commitment to a balanced and equitable housing finance system. The post Ginnie Mae Introduces New Payment Reduction Options appeared first on DSNews. The post Ginnie Mae Introduces New Payment Reduction Options appeared first on Appraisal Buzz.

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Finance Appraisal 370

Urban

JUNE 30, 2021

New survey data found that many landlords and tenants are still unaware of the assistance, and confusion about how to access it abounds.

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Tenants Landlords 165

Housing Wire

JULY 1, 2021

Black Americans continue to face greater financial and generational barriers to homeownership than white Americans, with a recent study finding that only 45.1% of Black Americans bought or own their home as of the first quarter of 2021 — against 73.8% of white Americans. Per Redfin , 23% of white homeowners made no financial sacrifices to buy their first home, versus 14% of Black homeowners.

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Loan Officers Realtors Open Houses Law 501

Eyes on Housing

JULY 1, 2021

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.2% in May to a seasonally adjusted annual rate of $751.7 billion. Total private residential construction spending was 28.7% higher than a year ago. The monthly gains are attributed to the strong growth of spending on single-family construction.

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Construction 172

Appraisal Buzz

JULY 2, 2021

A home price index that covers the entire housing market, not just sales, offers a more complete measure of household wealth and equity, says the author of a new report. The post A ‘Broader View’ of Home Price Changes appeared first on DSNews. The post A ‘Broader View’ of Home Price Changes appeared first on Appraisal Buzz.

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Housing Market Appraisal Marketing 369

JMV Lending

JUNE 30, 2021

REFI BOOM IS OVER BUT APPRAISER SHORTAGE REMAINS Interest rates remain about 3/8% to 1/2% higher than where they were at the end of last year. So, while they remain amazingly low, they are still high enough to staunch the refi explosion that was clogging up every lender’s pipeline last year. I personally looked forward […]. The post The Need For Speed; 14-Day Closes; APPRAISALS REMAIN THE PROBLEM appeared first on JVM Lending.

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Appraisal Lending 148

Housing Wire

JUNE 29, 2021

Home prices in April saw an annual gain of 14.6% in April — up from a 13.3% increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Index, called April’s gain “truly extraordinary,” as home price gains have been expanding for the last 11 months. “The 14.6% home price gain in the National Composite is literally the highest reading in more t

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Housing Market Finance Inventory Investors 492

Eyes on Housing

JULY 2, 2021

In June, total payroll employment rose by 850,000 and the unemployment rate was little changed at 5.9%. The June employment data shows strong growth momentum as more than 154 million people are fully vaccinated and COVID-19 restrictions on business are lifted. Residential construction employment increased by 15,200 in June, while nonresidential construction lost 22,600 jobs, following a decrease of 21,700.

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Construction Business 158

Appraisal Buzz

JULY 2, 2021

The price of houses continues growing at a higher-than-normal rate, but some regions are experiencing “substantial slowdowns,” researchers report. The post Monthly Home Prices Appreciate in Most Metros appeared first on theMReport.com. The post Monthly Home Prices Appreciate in Most Metros appeared first on Appraisal Buzz.

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Appraisal 368

Appraiserblogs

JUNE 28, 2021

Why can’t it just be accurate instead of “conservative” or “liberal?” Just be precise in the way you do your job… Some people might say a public forum isn’t the place to air this dirty laundry, but this is not really a public forum. Of my thousands of readers, very few of them are not in real estate appraisal. Right now, I’m talking to the bad apples.

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Legal Appraisal Real Estate Mortgage 147

Housing Wire

JULY 1, 2021

“The thing we need in real estate is more buzzwords about tech,” deadpanned Craig McClelland, vice-president and chief operating officer of BHGRE Metro Brokers in Atlanta. So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference in Colorado Springs – “Intersection of tech and brokerage.”. Any real estate talk about technology can degenerate into to just saying the word “technology.

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Real Estate Brokerage Technology Agents 459

Urban

JULY 1, 2021

Addressing the lack of diversity in the appraiser industry could improve outcomes for Black and Hispanic communities.

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Appraisal Valuation 139

Appraisal Buzz

JULY 1, 2021

Homepoint , the third-largest wholesale mortgage lender in the U.S., has introduced Homepoint Amplify, a new service model that combines localized support with Homepoint’s national platform to help mortgage brokers maximize efficiency and deliver a faster, more personalized customer experience in today’s purchase-focused market. . Under this new model, Homepoint will form regional support teams aligned with its six regions – Central, Northeast, Northwest, South, Southeast and Southwest.

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Mortgage Marketing Design Appraisal 360

Appraiserblogs

JULY 2, 2021

It’s never helpful for anyone to be mean. Even when we’re “anonymous” and hiding behind a keyboard, we need to be nice… Back in the 1980’s an American minister by the name of Robert Fulghum published a series of essays in a book titled All I Really Need To Know I Learned in Kindergarten. One lesson that we should have all learned back in kindergarten, or before, is to “be nice”.

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Law Appraisal Real Estate 139

Housing Wire

JUNE 29, 2021

The Federal Housing Finance Agency (FHFA) found that house prices across the nation rose 16% from April 2020 to April 2021. From March to April, house prices across the nation rose 1.8%, surpassing the previous month’s 1.6% increase. Three regions — the Pacific coast, the western states and New England — saw more pronounced year over year increases.

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Housing Market Finance Agents Mortgage 459

Eyes on Housing

JUNE 28, 2021

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2021 compared to the last quarter of 2020. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 10.9 percent in Nevada to 2.9 percent in the District of Columbia. Nationwide, growth in.

Marketing 136

Marketing 136

Appraisal Buzz

JULY 1, 2021

Fintech startup Tomo seeks to provide fully-underwritten pre-approvals in hours and guaranteed on-time closings. The post Former Zillow Execs Launch Digital Homebuying Platform appeared first on theMReport.com. The post Former Zillow Execs Launch Digital Homebuying Platform appeared first on Appraisal Buzz.

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Appraisal 352

Raleigh Realty

JUNE 26, 2021

How to Buy a House Before Selling Your Home Ready to buy a home? If so, things can get a little complicated if you aren't a first-time buyer. After all, first-time buyers have the luxury of taking their time shopping for a home; when the right one comes along, they also don't have to worry about selling an existing home before they make an offer. If you're a current homeowner and are ready to relocate, there are some logistical and financial obstacles you'll need to overcome.

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Logistics Real Estate Agent Real Estate Buyers 128

Housing Wire

JULY 1, 2021

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. According to Buildfax, a housing data and analytics company, money spent on remodeling has increased over 40% from this time last year.

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Renovations Valuation Appraisal Investing 448

GoForrmz

JULY 1, 2021

GoFormz Product-Led Growth model highlighted in Forbes GoFormz was recently featured in a Forbes article, Four Keys To Product-Led Growth And Business Freemium Success , highlighting the success of our Product-Led Growth model. Authored by Matt Holleran, General Partner at Cloud Apps Capital Partners and GoFormz’s earliest investor, the article examines GoFormz as a case study for successful Product-Led Growth (PLG). “ The product is simple, beautiful and hassle-free. ” — Matt Ho

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Investors Business 122

Appraisal Buzz

JUNE 30, 2021

CoreLogic has inked a definitive merger agreement to acquire all outstanding shares of ClosingCorp, a company that provides intelligence and digital solutions that streamline the quoting and ordering of settlement services needed to originate and service mortgages. “ClosingCorp’s unique solutions, coupled with the property-level digital content and platforms of CoreLogic ,enable us to continue our rapid growth and accelerate the introduction of new high-demand products,” says Bob Jennings, Closi

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Appraisal Mortgage 352

McKissock

JULY 2, 2021

Green technology and the popularity of green living are advancing rapidly, and many real estate appraisers are interested in gaining specialized knowledge and expertise in eco-friendly housing. Last month, we asked our appraisal community, “What green home feature are you most interested in learning about?” Solar panels were the most popular answer, by far, but they’re not the only green home feature that appraisers said they’d like to investigate.

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Appraisal Transportation Technology Real Estate 97

Housing Wire

JUNE 30, 2021

The Consumer Financial Protection Bureau (CFPB) is tightening the screws on mortgage servicers and originators that violate consumer protection laws. The watchdog agency found that lenders engaged in deceptive business practices, including violations of the Truth in Lending Act and the Equal Credit Opportunity Act, and provided inaccurate data on mortgage loans.

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Loan Officers Lending Open Houses Legal 448

GoForrmz

JUNE 30, 2021

Seamlessly collect electronic Signatures using digital forms on phones, tablets, and computers Collecting signatures and authorizations is often made difficult by the time-consuming, manual nature of paper forms and rigid PDFs. With these outdated resources, teams often need to hand-deliver forms to job sites, customer locations, franchise locations, and back-offices, to collect a simple signature.

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Modernization Transportation Tools Business 97

Appraisal Buzz

JUNE 29, 2021

Following rules implemented by the CFPB, the FHFA has taken action to further shelter homeowners from foreclosure and eviction actions by mandating increased consumer protections. The post FHFA Increases Post-Foreclosure and REO Eviction Moratoria Protections appeared first on DSNews. The post FHFA Increases Post-Foreclosure and REO Eviction Moratoria Protections appeared first on Appraisal Buzz.

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Appraisal 317