Housing Wire
JULY 28, 2021
The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We examine the need for complete vendor-provided software solutions vs. building in-house. We watch as consolidation transpires all-around.
Sacramento Appraisal Blog
JULY 26, 2021
Are prices finally starting to slow? Can it really be happening? Has the housing market likely peaked for the year? The answer is YES. Here are two quick things on my mind. These trends are for the Sacramento region, but I suspect many markets across the country are starting to show similar stats (or will […].
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Appraisal Buzz
JULY 30, 2021
Officials say the data provides a baseline for mortgage market trends and consumer sentiment about the origination process prior to COVID-19. The post CFPB/FHFA Poll Examines Pre-Pandemic Borrow Experience appeared first on theMReport.com. The post CFPB/FHFA Poll Examines Pre-Pandemic Borrow Experience appeared first on Appraisal Buzz.
The Appraiser Coach
JULY 27, 2021
Your phone rings, it’s a local number and you answer right away. Afterall, it could be an appraisal order from a new customer, a potential homeowner, a local bank, or. Read More.
Housing Wire
JULY 29, 2021
The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. He also addresses how he foresees the Delta variant impacting the housing market.
Eyes on Housing
JULY 29, 2021
Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing will continue to expand in 2021, although as the rest of the economy recovers, the.
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George Dell
JULY 28, 2021
Reviewers ask why a certain sale was not used as a comparable. Why don’t they know I already used the best comps, just like I was taught? Don’t they know I used what was competitive, similar, and “able to be compared” – Just like The Appraisal of Real Estate 15th ed. says: A good comparable […]. The post Why Didn’t You Use This Comparable? appeared first on George Dell, SRA, MAI, ASA, CRE.
Housing Wire
JULY 26, 2021
In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. According to the recent Census report, the three-month average is now at 5.53 months , which puts inventory right back into the range we had in the previous expansion.
Eyes on Housing
JULY 30, 2021
Of the 17% of American adults considering a future home purchase in the second quarter of 2021, 61% have moved beyond planning and are already actively trying to find one to buy. This share of active buyers has increased for six straight quarters, a trend that began after the final quarter of 2019 when it stood at 43%. In the.
Appraisal Buzz
JULY 30, 2021
Paradatec , an AI-based document classification and data extraction technology company for mortgage loan processing, is joining CoreLogic to support CoreLogic HMDA Check, a loan auditing tool that leverages automation to help lenders comply with the Home Mortgage Disclosure Act (HMDA). CoreLogic is a global property information, analytics and data-enabled solutions provider.
Midtown Appraisal Group
JULY 28, 2021
It’s not just a comparison to the house next door. It happens to every appraiser, often once a week: Someone involved in the property buying and selling process says something like “Yeah, this appraisal won’t be that hard. The house across the street sold a month ago and it’s pretty much the same layout, so […].
Housing Wire
JULY 26, 2021
The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.
Eyes on Housing
JULY 28, 2021
In the final quarter of 2019, a series-high of 82% of prospective buyers could afford less than half the homes available in their markets. The share went on to decline throughout 2020 (i.e. affordability perceptions improved), reaching 63% by the final quarter of that year. But affordability expectations have worsened recently. In the first and second quarters of 2021, the.
Appraisal Buzz
JULY 29, 2021
President Joe Biden on Thursday urged Congress to extend the eviction moratorium, set to expire Friday, also calling on the U.S. Departments of Housing and Urban Development, Agriculture, Veterans Affairs, local municipalities, and other agencies to do the same. The Biden Administration cannot enact an extension on its own due to a recent Supreme Court … The post President Biden Pushes for Eviction Moratorium Extension appeared first on DSNews.
DW Slater Company
JULY 28, 2021
Photo by Tasos Mansour on Unsplash. On Sunday night we saw a bright fireball falling from the sky. It was a meteor and many others in North Texas witnessed it fall and then explode when reaching the earth’s atmosphere. It was unexpected and beautiful. As a skywatcher, I was happy to have observed it. So are prices started to fall? Is more balance coming to the market?
Housing Wire
JULY 30, 2021
In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Due to low inventory, sellers are able to put their homes up at a higher rate. And with today’s low interest rates, buyers have been rushing to purchase what’s available. The problem is, rushing to buy property might force you to settle for a house that won’t reward you financially.
Eyes on Housing
JULY 27, 2021
The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate declined to 65.4% in the second quarter of 2021. Compared to prior reports, the data was affected less significantly by the pandemic, since in-person interviews were back in 99% of the sample area. The national homeowner vacancy rate stayed at a record low of 0.9%, while the rental.
Appraisal Buzz
JULY 29, 2021
New collaboration brings title services under the SitusAMC banner and expands the company’s India division. The post SitusAMC Announces Partnership With String appeared first on DSNews. The post SitusAMC Announces Partnership With String appeared first on Appraisal Buzz.
GoForrmz
JULY 27, 2021
Eliminate opportunities for incomplete forms, inaccurate data, and costly mistakes What are Not In Good Order (NIGO) forms? Not In Good Order Forms (NIGO) are documents that are missing information, completed incorrectly, or contains inaccurate information. Although NIGO forms may simply sound like a nuisance, they can be incredibly costly and problematic for many operations, especially those handling compliance measures and personal information.
Housing Wire
JULY 26, 2021
Another week, another drop in forbearance volume. Servicers’ forbearance portfolio volume fell two basis points to 3.48% from 3.50% last week, according to a survey from the Mortgage Bankers Association. Approximately 1.74 million homeowners are in forbearance plans, the MBA reported. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased two basis points to 1.81%, and Ginnie Mae loans decreased one basis point to 4.35%.
Eyes on Housing
JULY 27, 2021
In the first quarter of 2018, the starting point of the Housing Trends Report (HTR), only 16% of buyers expected easier availability for a home in the months ahead. The share soared to 36% by the final quarter of 2020 (during the COVID-19 pandemic), but then went on to decline to 33% and 28%, respectively, in the first two quarters.
Appraisal Buzz
JULY 28, 2021
The shift to an all-digital, online and “contactless” mortgage process – propelled by the pandemic – has forever altered borrowers’ expectations. While there will always be a need for human interaction in the mortgage process, the industry is gradually shifting toward automating as many pieces of the process as possible. This means borrowers are now evaluating lenders on two fronts: The quality of the live human interaction they provide and how well their technology.
Realtor
JULY 29, 2021
In today's seller's market, desperate homebuyers will do just about anything to buy your home. This is good news for sellers, but does come with risks. The post 3 Ways Today’s Insane Seller’s Market Is Actually Bad for Home Sellers—and How To Survive It appeared first on Real Estate News & Insights | realtor.com®.
Housing Wire
JULY 26, 2021
As the Biden administration recently spotlighted , cybersecurity remains a high-level concern for the privacy and security of Americans. In fact, the FBI’s Internet Crime Complaint Center (IC3) has experienced a record number of reported complaints as of late, jumping from 5 million logged complaints as of March 12, 2020, to 6 million as of May 15, 2021.
Eyes on Housing
JULY 29, 2021
In the second quarter of 2021, real GDP surged and returned its pre-pandemic level as the economy continued to reopen. This quarter’s growth reflected strong gains for consumer and state and local government spending. However, the second quarter gain did come in below consensus estimates. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross.
Appraisal Buzz
JULY 28, 2021
Despite a surge in volume, loan originator commissions dropped in the second quarter of 2021. The post LO Commissions Down in Q2 appeared first on theMReport.com. The post LO Commissions Down in Q2 appeared first on Appraisal Buzz.
GoForrmz
JULY 28, 2021
Modernize, elevate, and streamline digital form collection amongst collaborating catering and event teams Working within the event and catering business requires efficiency, clear communication and the ability to monitor and maintain service expectations. Paper-based documentation delays the creation and delivery of quotes, generic forms, event registration, and more, resulting in opportunities lost to close deals and frequent miscommunication.
Housing Wire
JULY 29, 2021
Following a robust May, pending home sales declined in June. Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. The overall pending home sales index fell 1.9% to 112.8 in June, according to the National Association of Realtors , which tracks the metric.
Eyes on Housing
JULY 28, 2021
Today’s Federal Open Market Committee announcement did not provide an explicit reference to an expected tapering of purchases of Treasury ($80 billion a month) and mortgage-backed ($40 billion a month) securities. In addition, as part of its ongoing accommodative policy stance, the Fed held its benchmark target rate near zero percent. In Chairman Powell’s press conference remarks, he stated, “The.
Appraisal Buzz
JULY 28, 2021
The bureau says this innovation will expedite allocation of much-needed rental assistance funds as the eviction-ban expiration approaches. The post CFPB Tool Supports Struggling Households, Property Owners appeared first on theMReport.com. The post CFPB Tool Supports Struggling Households, Property Owners appeared first on Appraisal Buzz.
GoForrmz
JULY 30, 2021
GoFormz puts an emphasis on education with ‘Back to School Drive’ for students impacted by homelessness It’s that time of year again…back to school! As many families, teachers, and students all start preparing to go back to school, so are our friends at the Monarch School. This is a school that we support here in our San Diego community. The Monarch School is a program that is dedicated to helping homeless students break the cycle of poverty through education and helps develop hope for a future
Housing Wire
JULY 30, 2021
The issue of tight housing inventory is multifaceted but is there a political solution? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review. We’ve broken down some of the data below, but be sure to take a deeper dive into the report by clicking here. The post Is there a political fix to the housing shortage? appeared first on HousingWire.
Eyes on Housing
JULY 26, 2021
As supply-side challenges continue, June recorded a decline of 6.6% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. The June seasonally adjusted annual rate (676K) was the lowest since April 2020, due to builders slowing sales as a consequence of higher material costs and declining availability of labor, material and lots.
Appraisal Buzz
JULY 28, 2021
In today’s Buzzcast, we dive into the Legal and Accounting presentation of our Business Building Workshop being held at Valuation Expo on September 8th. Today we have the host, Peter Christensen, Owner of Christensen Law Firm, with Joan Trice, Founder of Allterra Group, LLC. Peter Christensen is one of the hosts within the Business Building Workshops and we’ll be getting the inside scoop on growing and understanding the legal structure of your business.
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