Sat.Apr 23, 2022 - Fri.Apr 29, 2022

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A shift in demand in the housing market

Sacramento Appraisal Blog

Do you feel that? It’s change. The housing market is still elevated, but there’s no mistaking a different temperature – especially over the past week. STUFF ON MY MIND: This is designed to scroll quickly or digest slowly. The goal is to highlight stats and things I’m watching. An elevated market with a shift in […].

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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints.

Mortgage 476
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Best Facebook Groups for Real Estate Appraisers

Appraisal Buzz

Engaging in online forums and social media groups for real estate appraisers can be a great way to keep up-to-date on industry news , ask questions, connect with other appraisers, and even get referrals. But with so many options out there, it may be difficult to determine which groups are worth joining. To help you narrow it down, we asked our appraisal community, “What’s the best Facebook Group for real estate appraisers?

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Do We Need a Neighborhood Section? Part II

George Dell

The current residential form (the URAR) neighborhood section is well designed – for data the way it was 40 years ago, filled in on a typewriter, with no software ability to summarize, graph, or map data. Do We Need a Neighborhood Section? Part I is here. As complete market data was rarely available, (and difficult […]. The post Do We Need a Neighborhood Section?

Design 195
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Time to Break Out the Saddle!

The Appraiser Coach

Let’s talk about ponies. No, not the hairy little animals that run around your yard and play with your kids. This pony is an acronym, spelled POINII. You’ve heard me. Read More.

More Trending

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Valuation Expo: September 7-9

Appraisal Buzz

Valuation Expo will be hosted at the Mirage Hotel , September 7-9! Check out our new sessions with leaders in the industry and gain valuable knowledge while having all the fun Vegas has to offer! Get up to 21 Hours of Continuing Education and an optional 7 hours of USPAP! There are plenty of new sessions to keep you updated in the industry, such as our Great Debate panel that was so popular last year with a brand new topic.

Valuation 195
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Homeownership Rate Stable at 65.4%

Eyes on Housing

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.4% in the first quarter of 2022, which is statistically unchanged from the last quarter reading. The national homeowner vacancy rate slipped to a record low of 0.8%, while the rental vacancy rate increased to 5.8%. The covid-induced data collection restrictions have ended in all areas as.

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April Newsletter-Markets Still Flying

DW Slater Company

Azalea District, Tyler, TX. “Winter’s done, and April’s in the skies, Earth, look up with laughter in your eyes!” Charles G. D. Roberts. It has been an unusual April in North Texas this year and one of the windiest on record! The picture above was taken in the Azalea District in Tyler, TX a day before high winds came through and uprooted many trees in the area.

Marketing 167
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Redfin settles Fair Housing Act lawsuit

Housing Wire

Redfin must revamp its business – including eliminating a minimum home price for service – in order to serve more non-white homebuyers. That was but one prong of a multifaceted agreement that Redfin and 10 different fair housing advocacy groups filed at a Seattle federal courthouse Friday. The deal probably ends a lawsuit that the National Fair Housing Alliance and like-minded groups filed 18 months ago accusing the brokerage and popular real estate listings website of offering services in predo

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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What’s New in Appraisal Membership: April 2022

Appraisal Buzz

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

Appraisal 195
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Builders’ Profit Margins Fall as Balance Sheets Grow

Eyes on Housing

The financial performance of any company is directly linked to the industry environment in which it operates. Factors such as the number and size of its competitors, barriers to enter or exit, capital requirements, economies of scale, or the bargaining power of customers and suppliers all play a role in the potential profitability of a company. Given this reality, one.

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A Room-by-Room Guide to Eco-Friendly Home Modifications and Renovations

Raleigh Realty

Sustainable Renovations for Every Room Whether you buy an older home or a new construction home, there are most likely modifications and renovations you can do to make your new house more eco-friendly. If you are looking to spend less money on your energy bill each month, are looking to downsize your home to live more efficiently, want to reduce your environmental impact, or you want to increase the value of your home before you get it appraised for a new sales listing, there have never been mor

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Homepoint exits correspondent following deal with Planet Home Lending

Housing Wire

Connecticut-based mortgage servicer and lender Planet Home Lending has entered into an agreement to acquire assets from Homepoint ‘s delegated correspondent channel for $2.5 million in cash, the companies announced on Friday. The move signals Homepoint’s exit from the correspondent channel to focus on wholesale. Homepoint was the 11th biggest residential mortgage lender in the country last year, originating $96 billion in residential mortgages, up 55.2% year-over-year.

Lending 397
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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New Black Knight Tool Identifies Possible Minority Bias in Home Valuation Process

Appraisal Buzz

Black Knight Inc. has launched CA Risk Profiler Plus, a tool designed to help mortgage lenders, appraisers and appraisal management companies (AMC) identify potential minority bias in the home valuation process. By flagging potentially problematic valuations, CA Risk Profiler Plus enables a more rigorous collateral review process that can help reduce risk exposure for lenders and appraisers and support more equitable underwriting decisions. “Today’s appraisers must balance market dem

Valuation 195
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New Home Sales Fall on Higher Rates

Eyes on Housing

New single-family home sales declined in March as mortgage rates jumped to the highest levels since the start of the pandemic. Per Freddie Mac, the 30-year fixed rate mortgage was 3.89 at the end of February and had climbed to 4.67 at the end of March. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated.

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Sales Comparison Approach is Racist

Appraiserblogs

“…the modern appraisal industry perpetuates racial inequality through its continued use of the “sales comparison approach”… the sales comparison approach persists as the dominant method of assessing home value… the sales comparison approach — the most used method for contemporary residential appraisals — perpetuates inequities through maintaining historical hierarchies and current racialized definitions of comparability…” Appraisers, here’s a YouTube video that you MUST view.

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Propy and Abra launch crypto-backed mortgages

Housing Wire

Homebuyers can secure a home mortgage using cryptocurrency as collateral through a new partnership between blockchain real estate platform Propy and crypto wallet service Abra. The Abra Borrow platform allows customers to use crypto as collateral to borrow U.S. dollars with flexible repayment terms and interest rates as low as 0%, Propy, a real estate blockchain startup headquartered in Palo Alto, California, said in a release.

Mortgage 397
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Real House Prices Increase Nearly 31%

Appraisal Buzz

First American Financial Corporation released the February 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for … The post Real House Prices Increase Nearly 31% appeared first on DSNews.

Appraisal 195
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March Gains in Personal Income

Eyes on Housing

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.5% in March after a 0.7% gain in February. Gains in personal income are largely driven by increases in compensation of employees. However, it was 11.6% lower than a year ago when US government implemented stimulus packages to cope with COVID-19 crisis.

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Best Facebook Groups for Real Estate Appraisers

McKissock

Engaging in online forums and social media groups for real estate appraisers can be a great way to keep up-to-date on industry news , ask questions, connect with other appraisers, and even get referrals. But with so many options out there, it may be difficult to determine which groups are worth joining. To help you narrow it down, we asked our appraisal community, “What’s the best Facebook Group for real estate appraisers?

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First American off to a slow start in 2022

Housing Wire

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. Net income, however, was a different story. During the first quarter of 2022 , First American saw $98 million in net income compared to $234 million a year ago.

Insurance 397
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Delinquency Rate Drops To Record Low

Appraisal Buzz

Black Knight Inc. has released a “first look” the latest iteration of its Mortgage Monitor Report for March 2022, which looks at delinquency and foreclosure rates across the U.S. According to Black Knight’s data, March usually sees the strongest performance of any month; delinquencies typically fall by an average of 10% during the month, but March … The post Delinquency Rate Drops To Record Low appeared first on DSNews.

Appraisal 195
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Housing Share of GDP Edges Higher at Start of 2022

Eyes on Housing

Housing’s share of the economy edged higher at the start of 2022 due in part to a surprise drop in growth. For the first quarter of 2022, overall GDP growth declined at a 1.4% annual rate, driven by increased inventories and a jump in imports. Housing’s share of GDP increased to 16.7%, somewhat off a 14-year high of 17.8% during.

Inventory 174
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Refuting the Negative Race Bated Accusations

Appraiserblogs

We will sink under the weight of all the so-far unproved accusations. Appraisers, Tobias J. Peter, Assistant Director, AEI Housing Center Research Fellow, American Enterprise Institute (AEI), has weighed in on all the negative press and faulty ‘studies’ (by both GSE’s and others) that have been promulgated about how appraisers, as a whole, have systemic racism built-in when doing property inspections and appraisal reports.

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Here’s an inside look at local housing markets across the country

Housing Wire

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. Conway, Arkansas. Some might call Conway, Arkansas, a bedroom community of Little Rock — the state’s capital.

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Guild Mortgage Teams With The Home Depot to Bundle Energy-Efficient Appliances with a Home Loan

Appraisal Buzz

Guild Mortgage recently introduced GreenSmart Advantage, a new program in partnership with The Home Depot to help homebuyers save on utility costs and manage multiple payments by bundling the cost of new energy-efficient appliances into their home loan. . The program helps homebuyers reduce potential utility bills by purchasing new energy-efficient appliances, including refrigerators, clothes washers and dryers, dishwashers, and smart thermostats.

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GDP Unexpectedly Decreases in the First Quarter

Eyes on Housing

In the first quarter of 2022, real GDP declined for the first time since the pandemic recession, as inflation surged to a 40-year high and supply chain disruptions remain persistent. This quarter’s decrease reflected a deceleration in private inventory investment, decreases in exports and government spending and an increase in imports. According to the “advance” estimate released by the Bureau.

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Appraisers Liable for Third Parties Data

Appraiserblogs

Ultimately the appraiser is responsible and liable for data collected by third parties. There has been a lot of discussion and debate among appraisers around liability issues for data collected by third parties for hybrid and desktop appraisals. On April 22, 2022, the Maryland Commission of Real Estate Appraisers cautioned its appraisers that they are responsible for the data they rely upon.

Appraisal 103
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Better.com, the rare lender to post huge losses in 2021

Housing Wire

Better.com CEO Vishal Garg. Struggling to cope with the rising mortgage rate landscape, mortgage lender Better.com reported a loss of $303.8 million in 2021, a stark contrast to its profitable nonbank peers. According to an amended S-4 filed by its special purpose acquisition company Aurora Acquisition Corp. with the Securities and Exchange Commission (SEC) on Monday, the earnings deterioration resulted from increasing interest rates, higher costs to support purchase loans, and investments to ex

Mortgage 397
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Mortgage Capital Trading Announces News Hires, Promotions

Appraisal Buzz

Mortgage industry veteran Scott Holtz recently joined Mortgage Capital Trading , Inc. (MCT), a fully-integrated provider of capital markets services and technology, as a member of the sales team in the South Region. Also, Peg Eaton has joined the comp[any as a regional account executive for the Northeast and Great Lakes Regions. In addition, Ben Itkin has been promoted to head of sales, while Boulton Brynteson and Chad Stone have been promoted to regional account.

Mortgage 195
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FHA-Share of New Home Sales at 15-Year Low

Eyes on Housing

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that conventional loans accounted for 78.5% of new home sales in the first quarter of 2022, the highest share in more than a decade. Conventional loans financed over three-quarters of new home sales in the second quarter of 2008 before steadily falling and bottoming out at 57.3%.

Finance 174