Appraisal Buzz

FEBRUARY 28, 2022

“We tend to overestimate the effect of a technology in the short term and underestimate the effect in the long term.” This is the little-known Law of Amara that describes how we perceive the impact of new technology on our lives. Before we discuss the impact of technology on the future of appraisal data, it’s good to get a historical perspective. Forty years ago, appraisers were storing property data on Property Cards.

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Housing Wire

MARCH 4, 2022

Record home prices in recent years have pushed tappable home equity to new heights, increasing the demand for one specific product: cash-out refis. Black Knight data shows that lenders originated $1.2 trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. Cash-out refis went from 36% to more than 60% of all refis from the beginning of 2021 to the fourth quarter.

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Sacramento Appraisal Blog

MARCH 1, 2022

Does the housing market really have price cycles? Yes. But these cycles aren’t always so rigid and perfectly predictable like so many people think they are. Let’s talk about this today. I’d love to hear your take also. UPCOMING PUBLIC SPEAKING GIGS: 3/15/2022 NARPM Luncheon (details) 3/22/2022 SAFE Credit Union market update (details) 4/28/2022 SAR […].

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Cleveland Appraisal Blog

MARCH 3, 2022

How many steps have you taken in your life? How many steps do most people take in a lifetime? I’m sure that there are many factors that impact this. According to some studies , the average person will take 70 million steps in their lifetime. How many of those steps are on stairs? That will also depend on many factors. Some may find stairs to be a source of recreation.

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Appraisal Buzz

MARCH 4, 2022

Fitch Ratings, a Nationally Recognized Statistical Rating Organization with the U.S. Securities and Exchange Commission, has released a special report on a recent roundtable covering Residential Mortgage-Backed Securities (RMBS). The meeting consisted of 45 of the top key players in the RMBS servicing space who discussed perspectives on important industry trends, developments, and use of technology … The post Fitch: RMBS Servicers Largely Weather the Pandemic appeared first on DSNews.

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Housing Wire

MARCH 4, 2022

Fannie Mae this week completed its first credit insurance risk transfer (CIRT) deal of the year as part of the agency’s ongoing efforts to share mortgage risk with the private sector. . The deal transferred millions of dollars of credit risk to a group of 22 private insurers and reinsurers. That credit risk is tied to a $26.1 billion reference pool of single-family mortgages.

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The Appraiser Coach

MARCH 1, 2022

You have been a real estate appraiser for years. Or maybe you’ve just got six months under your belt. Either way, each of us needs to determine how we will. Read More.

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Appraisal Buzz

MARCH 2, 2022

Today’s Buzzcast interview is with Jeremy Staudenmaier, 2022 Winner of the Valuation Visionary Award. We sat down with Jeremy and Joan Trice, Founder of Allterra Group, LLC to discuss what this award means to him and the impact within the appraisal industry this has. What is the example you want to set for the next Valuation Visionary? What are some of the current issues within the appraisal industry that need to be focused on more?

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Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. Even though the recent existing-home sales data has been outperforming my expectations , the pending home sales data to me looks more in line with my expectations for 2022. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported.

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Eyes on Housing

MARCH 2, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.3% in January after an increase of 2.2% in December 2021. Spending stood at a seasonally adjusted annual rate of $829.4 billion. Total private residential construction spending was 13.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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Construction 179

Midtown Appraisal Group

MARCH 1, 2022

What you should know about the appraisal process We know that whether you’re a buyer or a seller, the appraisal process – especially for residential or agricultural properties – can be nerve-wracking. Here are answers to some of the questions we get asked most often. Why do I need an appraisal? Contrary to popular belief, […].

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Appraisal Buzz

MARCH 4, 2022

With the SFR market experiencing all-time highs, the Five Star Institute will bring together the industry’s top experts for the Single-Family Rental Summit 2022 in Dallas. The post SFR Experts to Converge on Dallas for April Summit appeared first on DSNews. The post SFR Experts to Converge on Dallas for April Summit appeared first on Appraisal Buzz.

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Housing Wire

MARCH 1, 2022

UWM’s headquarters in Pontiac, Michigan. United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted another record for production in 2021, but lower margins and declines in fair value of mortgage servicing rights impacted its earnings. The company reported on Tuesday $1.56 billion in profits in 2021, down 53.6% from the $3.38 billion registered in the previous year, which was the best in the history of the mortgage industry.

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Eyes on Housing

MARCH 4, 2022

Job growth accelerated in February with widespread gains across industries. Total nonfarm payroll employment increased by 678,000 in February, and the unemployment rate edged down to 3.8%. Construction industry employment (both residential and non-residential) totaled 7.6 million. Residential construction gained 31,000 jobs, while non-residential construction added 29,400 jobs for the month.

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Construction 174

Raleigh Realty

MARCH 2, 2022

Best Hiking Trails Raleigh, NC Are you searching for the best hiking trails in Raleigh? We have you covered with 10 of the best below We are a local real estate company that loves bringing you local content all around the Triangle Whether you're searching for homes, restaurants, or neighborhoods we have you covered. Without further ado, let's dive into the 10 best hiking trails in Raleigh William B.

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Appraisal Buzz

MARCH 1, 2022

SFR specialist adds 20-plus-year veteran who will join Dana Hamilton in managing Pretium’s real estate platform, including investing in and managing rental homes. The post Josh Pristaw Joins Pretium as Co-Head of Real Estate appeared first on DSNews. The post Josh Pristaw Joins Pretium as Co-Head of Real Estate appeared first on Appraisal Buzz.

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Housing Wire

MARCH 1, 2022

Veev , a California-based homebuilding company, announced raising a $400 million Series D led by BOND , according to a press release shared with FinLedger. The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. LenX , Zeev Ventures and Fifth Wall also participated in the round, which brings Veev’s total funding to date to $600 million.

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Eyes on Housing

FEBRUARY 28, 2022

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the third quarter of 2021 due to strong demand and low vacancy rates. The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the first three months following completion) surged by 25 percentage points to.

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Marketing 174

GoForrmz

FEBRUARY 28, 2022

Leverage mobile forms to boost efficiency across departments If your team is still utilizing paper forms then they are most likely faced with significant challenges when filing, storing, and analyzing forms and data. The process of filling out paper forms and then rekeying information into internal systems is not only time-consuming but costly. Wasted time spent on the manual storage of paper forms can be better spent on more important tasks.

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Appraisal Buzz

FEBRUARY 28, 2022

Kevin Laffey has been promoted to senior vice president, sales and business development, at Inlanta Mortgage , an independent mortgage lender with 39 branch offices in 27 states. Previously, Laffey was regional production manager. Laffey has over 30 years of experience in the mortgage business. Prior to joining Inlanta Mortgage in 2011, he held managerial sales positions at Wells Fargo and Bank of America and ran his own independent mortgage company for several years.

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Housing Wire

MARCH 1, 2022

Many lenders are familiar with digital closings (eClosings), but they might not know just how valuable they can be to their business. In a recent study , Marketwise and Notarize found that digital closings shorten the time it takes to close, reduce errors and increase ROI — all while improving customer experience. Lenders don’t have to offer a full digital close to reap the benefits of eClosings.

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Eyes on Housing

MARCH 1, 2022

Residential construction loan volume reached a post-Great Recession high during the fourth quarter of 2021, as home building activity posted gains for the year. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased 1% during the fourth quarter. The volume of loans increased by $977 million on a quarterly basis.

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Raleigh Realty

FEBRUARY 26, 2022

17 Best Restaurants in Durham, NC WARNING: Your mouth may begin to water after reading about the best restaurants in Durham, NC Our website is focused on real estate and helping people find and sell great homes in Durham however we are pretty good at helping you find the best restaurants in the area as well Our blog is a great place for us to offer a local's guide into many of the things that make Durham great, including restaurants.

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Appraisal Buzz

FEBRUARY 28, 2022

Funds managed by CarVal Investors , a global alternative investment manager, have established Mill City Loans , a mortgage conduit with a focus on building lasting relationships with originator partners in the acquisition of residential mortgage assets across multiple strategies. Mill City Loans will be led by an executive team comprised of Trey Jordan, Mike Petersen and Kent Usell.

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Housing Wire

FEBRUARY 28, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Annapolis lies right on the Chesapeake Bay and is within commuting distance to both Baltimore and Washington, D.C.

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Eyes on Housing

MARCH 1, 2022

Per NAHB’s latest Home Building Geography Index (HBGI), through the second half of 2021, multifamily home building rebounded from quarterly declines that began at the outset of the pandemic. In the wake of the public health crisis, there was a pronounced return to higher density markets or geographies, particularly in apartment and other multifamily residential construction.

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Appraiserblogs

FEBRUARY 28, 2022

The CFPB is reviewing bias in Automated Valuation Models (AVMs). The proposed rules are a joint effort by the Consumer Financial Protection Bureau, the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Federal Housing Finance Agency. These agencies are concerned AVMs may reflect bias in design and function.

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Appraisal Buzz

MARCH 4, 2022

According to a new report from Redfin, home prices surged to an all-time high of $363,975 as the market continued to heat up during the four-week period ending February 27. The median home-sale price was up 16% year-over-year, the biggest annual gain since August. The typical home sold for 0.8% above list price, the largest … The post Home Prices Surged to Record High in February appeared first on DSNews.

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Housing Wire

MARCH 1, 2022

Fannie Mae has appointed Sharifa Anderson to fill the newly created role of senior vice president and chief diversity and inclusion officer. Effective Feb. 28, Anderson, who recently served as the chief diversity and inclusion officer at Federal Home Loan Bank of Pittsburgh , will lead Fannie’s efforts to create positive diversity and inclusion outcomes across the enterprise as well as with the enterprise’s suppliers, business partners, and the people and communities it serves, the government-sp

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GoForrmz

MARCH 2, 2022

Improve enterprise team collaboration with digital forms Paper forms can cause headaches for any company. Messy and inaccurate paper forms are not only a significant operational burden but result in high administrative costs. For enterprise companies, data collection can be fragmented amongst departments which leads to disorganized and cumbersome processes.

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Modernization Tools Project Management Business 136

Riverfront Appraisals

MARCH 4, 2022

Welcome to your crash course in choosing comps. In this blog post, we’ll discuss the various methods for choosing comparable sales, just the way an appraiser does. When pricing a new listing, you’ll first gather all the information about the home and neighborhood. While that may take some time to collect, that’s the easy […]. The post Appraisal Blog The Realtor’s Guide to Appraisals, Part 3 How Appraisers Choose Comps appeared first on Riverfront Appraisals.

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Appraisal Buzz

MARCH 4, 2022

The U.S. economy added about 678,000 jobs in February and the unemployment rate edged down to 3.8%, according to the U.S. Bureau of Labor Statistics. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, health care, and construction. The total number of unemployed persons edged down to 6.3 million. In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate was 3.5% and the number of unemployed.

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Housing Wire

FEBRUARY 28, 2022

Housing Wire recently sat down with Newbold Advisors Partner Robert Simpson to learn more mortgage claims in today’s servicing climate. HousingWire: What are some key challenges servicers are currently facing regarding mortgage claims? Robert Simpson: This is a pivotal moment for mortgage servicers. The pandemic has brought to the surface the glaring inefficiencies – limited trained staff, multiple claims systems, inefficient manual processes – and (unnecessary) financial costs that have p

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McKissock

FEBRUARY 28, 2022

On Wednesday, March 23, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “March 2022 Fannie Mae Appraisal Update.” In this special interactive webinar, you’ll hear the latest information on desktop appraisals and the soon to be adopted ANSI square footage standard. Fannie Mae representatives will be on hand to answer your questions on these appraisal topics and more.

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