Housing Wire
MARCH 18, 2022
The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 million. This level is still within my 2022 forecast sales range between 5.74 million and 6.16 million. Last year I discussed sales levels coming back down to 5.84 million and I am looking for more of the same in 2022, at the 5.74 million level.
Sacramento Appraisal Blog
MARCH 15, 2022
It’s easy to get into valuation trouble when we focus too much on price per sq ft. Seriously, this can be a massive problem leading to major heartache during escrows. Okay, that sounds so dramatic, but it’s important to know how to explain how price per sq ft works. Let’s talk about this by using […].
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Appraisal Buzz
MARCH 18, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Accurity Consolidated Hires Tony Reese as Chief Production Officer appeared first on Appraisal Buzz.
George Dell
MARCH 16, 2022
Per FreddieMac (Scott Reuter, Chief Appraiser)[1] recently stated: “Appraisers need to spend time on developing a market conditions analysis in the appraisal. It’s truly the backbone of the appraisal.” Per the Fannie Mae Selling Guide: “The date of sale and the time adjustment (market conditions) are critical elements in determining an accurate value because the […].
Housing Wire
MARCH 18, 2022
When Curtis Mangus of Premier Mortgage Resources in Meridian, Idaho looked into pivoting into reverse after serving decades in the traditional mortgage business, he asked his managing partner at the lender about its reverse mortgage department. The partner smiled. “ You are the reverse mortgage department,” he said. Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mor
The Appraiser Coach
MARCH 15, 2022
There are those who argue that hiring help from outside the U.S. is unamerican, as it takes jobs away from Americans on the home turf. And to a certain extent, Read More.
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Eyes on Housing
MARCH 16, 2022
The prices of goods used in residential construction ex-energy climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials prices increased 20.4%, year-over-year, and have risen 31.3% since January 2020. Over the past five months, the index has climbed 10.6%.
Housing Wire
MARCH 18, 2022
Veteran mortgage executive Bill Dallas has left his position as president of Finance of America Mortgage amid larger changes to the Texas-based nonbank lender’s C-Suite and business lines. Dallas, a seasoned entrepreneur, joined FoA Mortgage four years ago after selling one of his companies to Finance of America Companies, the Blackstone Group -controlled parent company.
Raleigh Realty
MARCH 13, 2022
Where's the Best Pizza in Raleigh? Best Pizza in Raleigh? We have you covered. We know the rules too, unfortunately, we couldn't stop at just one slice. As a local real estate company it's part of our job to help keep you informed on the topics that matter to you most, that's why we are bringing to you 9 of the best pizza places in Raleigh There is an abundance of Pizza Restaurants in Raleigh that serve mouthwatering pies that can appease preferences of any kind Stick with us while we take you o
Appraisal Buzz
MARCH 14, 2022
From predictive tech to customer self-service, Brad Hawkins details the developments that may reshape the field services sector in the months to come. The post Top Field Services Trends to Expect This Year appeared first on DSNews. The post Top Field Services Trends to Expect This Year appeared first on Appraisal Buzz.
Eyes on Housing
MARCH 17, 2022
Single-family starts posted a small increase in February, as lack of resale inventory continues to support housing demand despite higher interest rates. The availability of materials, lumber, labor and lots remain key headwinds, with access to labor in particular likely to become more challenging in 2022. Overall housing starts increased 6.8% in February to a seasonally adjusted annual rate of.
Housing Wire
MARCH 17, 2022
Today, the U.S. Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. The previous months of housing data have been positively revised higher as well, so this is a solid report on all fronts. Of course, that’s until you look at the housing completion data, which hasn’t gone anywhere in years.
GoForrmz
MARCH 17, 2022
GoFormz Cares: GoFormz partners with the American Heart Association in support of their Hard Hats With Heart initiative We are proud to announce that GoFormz will be sponsoring the American Heart Association’s event, Hard Hats with Heart, taking place in San Jose, CA on April 21, 2022. The American Heart Association strives tirelessly to create a world filled with longer, healthier lives specifically through their Hard Hats with Heart event that is geared towards the construction industry and th
Appraisal Buzz
MARCH 14, 2022
Human-in-the-Loop document automation platform Ocrolus ’ new suite of document-centric applications is now offered in ICE Encompass, intended to reduce delays due to review queues within the mortgage approval process. Benefits of the new document-centric Encompass suite include reduced loan approval times, integration simplicity, document accuracy and a more inclusive end-user experience: Data accuracy helps reduce the bias in mortgage lending and opens doors to a more inclusive set of borrowers
Eyes on Housing
MARCH 14, 2022
As described in a previous post, NAHB’s recently released its 2022 Priced-Out Estimates, showing that 87.5 million households are not able to afford a median priced new home, and that an additional 117,932 would be priced out if the price goes up by $1,000. A second post showed the households priced out by higher interest rates. This post focuses on.
Housing Wire
MARCH 17, 2022
Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger. The companies say the secure process was a “first of its kind” in the mortgage industry and has the potential to revolutionize the $3 trillion mortgage ecosystem.
GoForrmz
MARCH 17, 2022
Mobile forms are more flexible, professional, and accurate than traditional, fillable PDFs When making the switch to digital, many businesses first turn to fillable PDFs for their data capture needs – before realizing the resulting electronic documents aren't much better than their original, paper forms. Although traditional, fillable PDF documents can be filled out on a tablet or smartphone, they still result in a static, isolated record of information.
Appraisal Buzz
MARCH 18, 2022
AnnieMac Home Mortgage has chosen Tavant to help expand AnnieMac’s wholesale lending business over the next three years using FinXperience, Tavant’s intuitive platform for point-of-sale experiences. FinXperience is a V?LOX product and implementable across all lending channels, including retail, wholesale and others. “Our election to optimize the sophistication and reliability of Tavant’s FinXperience enables AnnieMac to provide an all-encompassing, inclusive, ‘best in class’ ex
Eyes on Housing
MARCH 16, 2022
Ongoing lumber and building material supply-side constraints and rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid. Builder confidence in the market for newly built single-family homes moved two points lower to 79 in March from a downwardly revised reading in February, according to the National Association.
Housing Wire
MARCH 14, 2022
One of the biggest questions in real estate right now is how rising interest rates will impact the housing market. This used to be a pretty easy question to answer: when interest rates go up, it costs more to purchase a home, and demand drops. Price appreciation slows, and homes take longer to sell. More expensive money also meant fewer investors holding homes so inventory would climb too.
Raleigh Realty
MARCH 14, 2022
Living in Wake Forest, NC Moving to Wake Forest? We have you covered with this guide below or click to check out the available homes for sale in Wake Forest as well as some of the town's best neighborhoods Wake Forest, NC - General Information Living in Wake Forest is wonderful. The town of Wake Forest, North Carolina is a northern Raleigh suburb with a location that allows easy access around the Triangle (Raleigh-Durham-Chapel Hill area).
Appraisal Buzz
MARCH 18, 2022
Sens. Cassidy and Gillibrand introduce the Flood Insurance Pricing Transparency Act that will require FEMA to publish the formulas used to calculate mitigation credits for policyholders under Risk Rating 2.0. The post Bipartisan Measure Introduced to Bring Transparency to Flood Insurance Pricing appeared first on DSNews. The post Bipartisan Measure Introduced to Bring Transparency to Flood Insurance Pricing appeared first on Appraisal Buzz.
Eyes on Housing
MARCH 18, 2022
As rising mortgage rates and home prices continued to price out homebuyers and reduce affordability, existing home sales dropped to a six-month low in February, according to the National Association of Realtors (NAR). Furthermore, home price appreciation is expected to slow in the coming quarters as demand cools and supply improves. Total existing home sales, including single-family homes, townhomes, condominiums.
Housing Wire
MARCH 16, 2022
On Wednesday the Federal Reserve hiked interest rates 0.25%, which has forced me to raise my second recession red flag on this historic economic recovery and expansion. From the Federal Reserve : Indicators of economic activity and employment have continued to strengthen. Job gains have been strong in recent months, and the unemployment rate has declined substantially.
GoForrmz
MARCH 16, 2022
Elevate your retail collaboration and productivity with these powerful data collection automations Retail teams are faced with the challenge of providing an excellent customer experience all while maintaining low operating costs. Paper forms create a significant amount of work for team members and often are disorganized and inaccurate. Manual data entry processes are not only time-consuming but inefficient and expensive.
Appraisal Buzz
MARCH 18, 2022
Two upcoming webinars presented by the Five Star Institute will examine the state of the foreclosure and REO landscape as business begins to accelerate. The post The Week Ahead: Five Star Webinars Address the End of Foreclosure Moratoria appeared first on DSNews. The post The Week Ahead: Five Star Webinars Address the End of Foreclosure Moratoria appeared first on Appraisal Buzz.
Eyes on Housing
MARCH 16, 2022
The first of many expected Federal Reserve hikes of the short-term federal funds rate was announced today. Combined with future balance sheet runoff, these monetary policy moves will lead to higher mortgage rates in 2022 and 2023 as the Fed attempts to curb elevated inflation. As widely expected by forecasters and markets, the Fed raised the federal funds rate by.
Housing Wire
MARCH 15, 2022
In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. Tune in for our next event with Mohtashami happening March 23rd at 12 CT in the #articlediscussion channel.
GoForrmz
MARCH 14, 2022
Share editable online forms with users outside of your account with our form sharing feature, Public Forms What is a Public Form ? The Public Forms feature enables GoFormz users to easily share links to their online forms for people outside of their account to fill out and complete. This functionality makes it easy to share forms with clients, patients, students, and more, and receive submitted forms and information in real-time.
Appraisal Buzz
MARCH 18, 2022
American Advisors Group (AAG), a company that creates home equity solutions for seniors, announced Scott Slifer as their new Chief Administrative Officer. Part of AAG’s 2022 growth and expansion plan, the move is the latest in a series of high-profile leadership acquisitions. As Chief Administrative Officer, Slifer will be leading AAG’s National Field Sales, Wholesale and Business Development organizations. … The post AAG Names New Chief Administrative Officer appeared first o
Eyes on Housing
MARCH 15, 2022
Over the first month of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,404. On a year-over-year (YoY) basis, this is a 0.6% decline over the January 2021 level of 83,921. Year-to-date ending in January, single-family permits declined in three out of the four regions. The South posted a small increase of 0.9% while the Northeast.
Housing Wire
MARCH 16, 2022
The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50 percent, the first time the FOMC has changed the federal funds rate in two years, and the first rate hike since March 2018.
Appraiserblogs
MARCH 18, 2022
Some Lenders promoting false “racist appraiser” narrative to optimize profits via AVMs Like most businesses lenders want to optimize their profits. One way to make more money besides charging more is to pay less in costs and fees. One way for the lender to do that is to pay the appraiser less or just get rid of them and use a free or very inexpensive Automated Valuation Method (AVM).
Appraisal Buzz
MARCH 16, 2022
Targeting unfair discrimination in consumer finance, the CFPB vows to take action against financial institutions that engage in discriminatory conduct. The post CFPB Takes Aim at Anti-Discrimination Practices appeared first on DSNews. The post CFPB Takes Aim at Anti-Discrimination Practices appeared first on Appraisal Buzz.
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