Housing Wire
JANUARY 3, 2022
Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. Per the report , between October to December 2021, median home prices in 440 of the 575 counties analyzed by the data vendor saw notable home-price growth.
Sacramento Appraisal Blog
JANUARY 4, 2022
What’s the real estate market going to do in 2022? Let’s talk about some of the emerging trends. Scroll quickly or digest slowly. Anything to add? January public speaking gigs: January 12: Top Producer Panel in Granite Bay (sold out) January 18: SAR Big Market Update (sign up here) January 19: PCAR WCR Big Market […].
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Appraisal Buzz
JANUARY 3, 2022
In the days following the tragic condo building collapse in Surfside, Florida, information emerged about known issues with that building. Several nearby condo buildings were evacuated because they too had significant deferred maintenance that led to potentially life-threatening structural deficiencies. The tragedy has focused attention on an emerging challenge: significant deferred maintenance of aging condo and co-op infrastructure.
George Dell
JANUARY 5, 2022
Resolved: To protect the overall public trust. The ostensible purpose of government is to serve the public good. Government regulators are charged with quite a responsibility. A difficult job. Politics, pulls, jabs, and pokes abound. Everyone has a different view. But is that a real goal for 2022? Or a fake goal? A real goal […]. The post The Public Trust – A For-Real Goal?
Housing Wire
JANUARY 7, 2022
Today, the Bureau of Labor Statistics reported that 199,000 jobs were created in December — a miss from estimates. They also reported we had 141,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 3.9% and we had another big print from the household survey which showed 651,000 jobs gained. For men and women age 20 and over, the unemployment rate is currently at 3.6%.
Eyes on Housing
JANUARY 5, 2022
Consumer confidence continued to improve in December as inflation concerns eased after hitting a 13-year high last month. Spending intentions for homes, cars, and major appliances all increased. However, consumer spending will continue to face headwinds from higher prices, Omicron surge and reduced fiscal stimulus in 2022. The Consumer Confidence Index, reported by the Conference Board, rose 3.9 points from.
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The Appraiser Coach
JANUARY 4, 2022
I call this the Bookstore Story, and it’s a story that I’ve told to my employees, my family, my friends, and even myself at times. It’s taught me some valuable. Read More.
Housing Wire
JANUARY 6, 2022
A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income. The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. But according to the Federal Housing Finance Agency , which has oversight power over Fannie and Freddie, the GSE’s must go back to the drawing board when it comes to their
Eyes on Housing
JANUARY 4, 2022
The construction labor market remains tight, as the levels of quits rise. The count of open construction jobs declined to 345,000 unfilled positions in November, after recording the highest measure in the history of the data series (going back to late 2000), 445,000 in October. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials.
Appraisal Buzz
JANUARY 7, 2022
Looming threats of rising interest rates coming this year are pushing more homeseekers into the market who are eager to get into a home before those threats become a reality. According to the latest Monthly Housing Market Trends Report by Realtor.com, national inventory of active listings declined by 26.8% over last year, while the total inventory of unsold homes, including pending listings, … The post Low Rates Keeping the Winter Market Strong appeared first on theMReport.com.
Raleigh Realty
JANUARY 7, 2022
Living in Holly Springs, NC Find out why so many folks are moving to Holly Springs, NC Holly Springs, North Carolina is one of the best places to live in the country so it's no wonder so many folks are trying to move here. Whether you're ready to dive right into this article or would prefer to contact us to talk to one of our Realtors first hand we are here to help you With a population of just over 30,000 Holly Springs has been growing around 5-6 annually.
Housing Wire
JANUARY 5, 2022
The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio. For second home loans, the upfront fees will increase between 1.125% and 3.875%, also tiered by loan-to-value ratio.
Eyes on Housing
JANUARY 3, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in November after a decrease of 0.2% in October 2021. It stood at a seasonally adjusted annual rate of $796.3 billion. Total private residential construction spending was 16.3% higher than a year ago. These monthly gains are attributed to the strong growth of spending.
Appraisal Buzz
JANUARY 7, 2022
Americans are finding their homebuying strategies dependent on current and future mortgage percentages as the housing market steadies. The post How Mortgage Rates Are Impacting Homebuyer Decisions appeared first on theMReport.com. The post How Mortgage Rates Are Impacting Homebuyer Decisions appeared first on Appraisal Buzz.
Urban
JANUARY 7, 2022
Because children who grow up living in poverty are less likely to succeed economically as adults, cycles of poverty and housing instability can span generations. Two-generation programs can disrupt those cycles.
Housing Wire
JANUARY 6, 2022
The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33% the week prior. A year ago at this time, it averaged 2.16%.
Eyes on Housing
JANUARY 6, 2022
The failure of domestic sawmills to sufficiently boost output in the face of ongoing strong home buyer demand was a primary factor that contributed to record-high lumber prices and price volatility in 2021. Soaring lumber prices, combined with delays and higher costs for other building materials, continued to be a significant limiting factor for home building throughout 2021 despite a.
Appraisal Buzz
JANUARY 5, 2022
In today’s Buzzcast, we dive into Clearbox, LLC and the many benefits it offers the appraisal industry. Today we have Joan Trice, Founder of Clearbox, LLC., and Jim Morrison, VP of Marketing and Sales for Allterra Group. We’ll be getting the inside scoop while they discuss how a profile on Clearbox can be advantageous. What does your profile on Clearbox display?
Urban
JANUARY 6, 2022
Lifting legal roadblocks alone will not guarantee an influx of additional or affordable housing. Homeowners and small developers need access to the financing necessary to build new infill units.
Housing Wire
JANUARY 6, 2022
This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.
Eyes on Housing
JANUARY 7, 2022
Job gains slowed sharply for the second straight month in December as the Omicron variant began to spread. Nonfarm payrolls increased by 199,000 in December, and the unemployment rate fell to 3.9%. Construction industry employment (both residential and non-residential) totaled 7.6 million, with 22,000 construction jobs added in December. Residential construction lost 4,100 jobs while non-residential construction employment rose by.
Appraisal Buzz
JANUARY 7, 2022
Experts say over time, percentage growth will slow demand and put an end to double-digit annual price growth. The post Mortgage Rate Increases: How They’re Impacting Housing Demand appeared first on DSNews. The post Mortgage Rate Increases: How They’re Impacting Housing Demand appeared first on Appraisal Buzz.
McKissock
JANUARY 5, 2022
As part of our contributor series, John Walker talks about his best time management strategies for real estate agents and brokers. . Real estate is an industry that attracts a lot of entrepreneurs, self-starters, and big dreamers. Why? The short answer is the real estate industry offers virtually endless amounts of opportunity and in many cases, there are fewer roadblocks in order to get started than there are in other industries.
Housing Wire
JANUARY 5, 2022
Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. Attorney General Karl Racine and 20 other state attorneys general. The attorneys general wrote in a Dec. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.
Hank Miller Team
JANUARY 5, 2022
Buying a lake home presents additional challenges a normal home doesn't; in Georgia those challenges can be formidable. Two major players influence lake homes in Georgia; the US Army Corps of Engineers and Georgia Power. The Corps of Engineers regulates and manages multiple lakes across Georgia, flood control is a significant responsibility of theirs.
Appraisal Buzz
JANUARY 7, 2022
HouseCanary Inc. ’s latest Market Pulse report covers 22 listing-derived metrics and comparing data between December 2020 and December 2021. The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary’s nationwide platform. “In 2021, the housing market drew plenty of headlines as a shrinking supply of homes available for rent and purchase caused properties to fly off the market at all-time high prices across the U.S.,” comments Jeremy Sicklick, co-founder and.
McKissock
JANUARY 7, 2022
Phrases like appraisal bias, the appraisal gap, and discrimination in appraisals have become buzz words in the media over the past year. As a real estate appraiser, actions you can take to avoid bias and accusations of discrimination may include educating yourself on these issues, avoiding use of subjective terminology, carefully complying with USPAP and Fair Housing laws, and, in general, completing all appraisal assignments with objectivity and impartiality.
Housing Wire
JANUARY 7, 2022
This video is part of our HousingWire 2022 forecast series. After the series wraps in January, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Eyes on Housing
JANUARY 6, 2022
Real gross domestic product (GDP) increased in 37 states and the District of Columbia in the third quarter of 2021 compared to the second quarter of 2021. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 6.0 percent in Hawaii to -3.3 percent in New Hampshire and North Dakota. Nationwide, growth in.
Appraisal Buzz
JANUARY 7, 2022
Fannie Mae’s latest iteration of the monthly Home Purchase Sentiment Index (HPSI) fell by a slight 0.5 points to 74.2 in December as consumers wildly differed on whether it is a good time to buy or sell a home and their outlook on the economy. When combined, these metrics may indicate a slowing of the real estate market as we move into 2022. Overall, three of … The post Consumers Indicate Now Is The Time To Sell appeared first on DSNews.
McKissock
JANUARY 4, 2022
You know there are good reasons to upgrade your appraisal license —including making more money —but you might be unsure of how to go about it. Depending on your state and the license level you wish to attain, the exact steps for how to upgrade your appraisal license will vary slightly. However, these are the general guidelines you’ll need to follow to meet the Appraisal Qualifications Board (AQB) criteria.
Housing Wire
JANUARY 5, 2022
The most wonderful time of the year, as the song would have us believe, comes to a close with Epiphany, the 12 th day of Christmas, Jan. 6. I do hope everyone had a joyous holiday season, spending some relaxing time with family and friends. The holiday season is winding down. So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history.
Lamacchia Realty
JANUARY 6, 2022
In 2021, Lamacchia Realty continued its record growth across the company. The company went into the year with big goals despite the unprecedented low inventory and challenging market, particularly at the beginning of the year. By the end of 2021, the company proved it is capable of continuing its stampede to the top regardless of the market. Here are the final numbers of 2021: The company grew from $1,043,107,920 in sales volume in 2020 to $1,620,908,158 in 2021- a 55% increase!
Appraisal Buzz
JANUARY 7, 2022
The U.S. economy added 199,000 jobs in December – well below the 300,000+ expected – as the unemployment rate fell to 3.9%, according to the U.S. Bureau of Labor Statistics. Most of the job gains were in leisure and hospitality, professional and business services, manufacturing, construction, and transportation and warehousing. The number of unemployed persons decreased by 483,000 to 6.3 million.
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