Housing Wire
JUNE 3, 2022
Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. We did have some minor negative revisions to the prior reports, but the 10-year yield stayed firm after the announcement at 2.95%, with no real movement.
Sacramento Appraisal Blog
MAY 31, 2022
The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold. Yet there is no mistaking a different […].
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The Appraiser Coach
MAY 31, 2022
Have you ever walked into a house and thought, what room did I just walk into? Identifying and analyzing rooms will make a big difference for your customers and for. Read More.
George Dell
JUNE 1, 2022
This week’s blog, Is this a Time of Ripeness? is a guest post written by Steven Smith, MSREA, MAI, SRA, AG. See below for a more detailed bio. Appraisal sins are forgiven when the markets are strong, and prices are increasing at double digit rates as they have been. Once prices stop going up, deficiencies […]. The post Is this a Time of Ripeness?
Housing Wire
JUNE 2, 2022
We are coming off a tumultuous two years of growth in the U.S. housing market. And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets.
Appraisal Buzz
MAY 31, 2022
I learned a number of things from the experience of wrestling a 450-pound bear, some of which have not only aided me in life in general, but more specifically in my appraisal practice. During the summer between high school and college, my best friend and I saw an ad that said anyone who could pin Victor the Wrestling Bear to the mat for 10 seconds would win a brand new Galaxy XL 500 convertible.
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Eyes on Housing
JUNE 1, 2022
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April. This is the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and.
Housing Wire
JUNE 2, 2022
Purchase mortgage rates this week averaged 5.09%, essentially flat from the prior week, according to the latest Freddie Mac PMMS. A year ago at this time, 30-year fixed rate purchase rates were at 2.99%. The government-sponsored enterprise index accounts solely for purchase mortgages reported by lenders during the past three days. “Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,” said Sam Khater,
Appraisal Buzz
JUNE 1, 2022
Today’s Buzzcast interview is with Rob Chrisman, owner of The Chrisman Report. We sat down with Rob and Joan Trice, Founder of Allterra Group, LLC, to discuss secondary markets and the mortgage industry. What is The Chrisman Report? What do capital markets and appraisers think about the appraisal waiver? How can we look at secondary markets from a lender perspective?
DW Slater Company
MAY 29, 2022
Image by Liam Ortiz from Pixabay. We take this time to remember and honor those who made the ultimate sacrifice for our country on this 154th annual Memorial Day. Memorial Day was originally called “Decoration Day” and was observed first in May of 1868. It is a day on which those who lost their lives while serving in the military are remembered. In 1971 Congress standardized it as being called Memorial Day and celebrated on the last Monday in May.
Eyes on Housing
JUNE 2, 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 fourth quarter of 2021 due to strong demand and low vacancy rates. However, the decline in the number of apartment and condominium completions in the fourth quarter of 2021 may reflect the ongoing supply chain challenges.
Housing Wire
JUNE 3, 2022
After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Jobs Report released on Friday. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% higher than its pre-pandemic level.
Appraisal Buzz
MAY 31, 2022
As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. It’s an honor to play such an important role, but it’s also important to remember that lending programs are required to follow strict practices to protect the lenders and their investors against collateral risk. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate.
GoForrmz
JUNE 3, 2022
Join the ‘Work to Zero’ movement with safety-enhancing technologies in your workplace Often reserved for thoughts of the Industrial Revolution, the idea that death in the workplace is still a threat today seems unimaginable. The sad truth is that fatal workplace injuries are still a danger for employees worldwide. While the Bureau of Labor Statistics noted a decrease from 2019, in 2020 there were still 4,764 workplace casualties in the United States alone.
Eyes on Housing
JUNE 1, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in April after an increase of 0.7% in March 2022. Spending stood at a seasonally adjusted annual rate of $891.5 billion. Total private residential construction spending was 18.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.
Housing Wire
JUNE 1, 2022
Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. “Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Appraisal Buzz
JUNE 3, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Sagent & Consolidated Analytics Partner to Streamline Order Management and Automate Valuation Process for Default Servicers appeared first on Appraisal Buzz.
Raleigh Realty
JUNE 2, 2022
If you're searching for things to do in Raleigh, North Carolina, we have you covered. In fact, whether you’re planning a staycation or looking to have a night out, we have recommendations you’re sure to love. Please allow us to welcome you to one of the world's best cities. If you're moving to Raleigh, then there's a good chance you've already discovered the magic of the City of Oaks.
Eyes on Housing
MAY 31, 2022
National home prices grew at an unsustainable pace in March, reaching an all-time high. This indicates that the imbalanced market with strong demand and record-low inventory continued to put upward pressures on home prices. However, keep in mind this is a backward-looking reading. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.
Housing Wire
JUNE 1, 2022
2022 HousingWire Rising Star Morgan Salama, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. Photo credit: Chris Plavidal. Strategy is the foundational element in building the future of the housing sector. And, if strategy is the foundation, we’d say that Morgan Salama is one of the key people building that foundation.
Appraisal Buzz
JUNE 1, 2022
First American Financial Corporation released the March 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 Are Rising Mortgage Rates Slowing House Price Appreciation?
GoForrmz
JUNE 1, 2022
Prioritize your employee safety: keep each other safe in the workplace Regardless of your business type, safety is imperative in everything you do. From tracking inventory, to using ladders or forklifts, to working on a construction job site, monitoring health and safety is something every business must be aware of. The question is, what health and safety measures does your organization have in place?
Eyes on Housing
JUNE 3, 2022
In May, total nonfarm payroll employment increased by 390,000 and the unemployment rate was unchanged at 3.6%. Solid job gains continued in May, despite surging inflation, persistent supply-chain issues, and fears of a possible recession. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level.
Housing Wire
JUNE 2, 2022
In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami answers questions from our HW+ member community. One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. As a member of HW+, you get access to 30-minute Slack Q&As , where we invite the HW Media newsroom to break down the hottest topics in the industry.
Appraisal Buzz
JUNE 3, 2022
A new study from First Street Foundation has determined that U.S. homeowners have shouldered approximately $81.7 billion in wildfire damage over the last five years. The post More Than 30 Million Properties at Risk of Wildfire appeared first on DSNews. The post More Than 30 Million Properties at Risk of Wildfire appeared first on Appraisal Buzz.
Appraiserblogs
MAY 31, 2022
From one of my appraiser colleagues in NYC on a McKissock class, taught by Dan Bradley, husband of Michelle Bradley who is chair of the Appraisal Standards Board of The Appraisal Foundation (this is COMPLETELY UNETHICAL). TAF BOT (the leadership that brought us the bat-s**t crazy letter) is meeting in sunny Palm Springs San Diego right at this moment (probably to determine meanings of words like “The” and “This” and “That” and perhaps considering a new take on “misleading” that is still on the b
Eyes on Housing
MAY 30, 2022
Over the past 12 months, the cost to multifamily developers of compensating their employees increased by an average of nearly 12 percent, according to results from NAHB’s latest Multifamily Market Survey (MMS). The first quarter 2022 MMS, sent electronically to a panel of multifamily developers on April 12, included a special question on how much compensation costs have increased for.
Housing Wire
JUNE 3, 2022
Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. In a disclosure made public Thursday afternoon, the company said the cuts amounted to 5% of its employee base. Most of the job losses will hit the originations side of the business. About 16% of the staff losses will affect California staffers, and will take effect in July.
Appraisal Buzz
JUNE 3, 2022
Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years, as Redfin reports that more sellers are dropping the price of their homes amid rising interest rates and growing affordability concerns. Pending sales in May posted their largest declines since the pandemic took hold of the … The post Redfin Reports Buyers Are Finding More Power appeared first on DSNews.
DW Slater Company
JUNE 1, 2022
Photo via Pixabay. We have written about relocation appraisals in the past and we appreciate our guest bloggers that contribute to our blog. Enjoy this guest post from Megan Cooper with Real Life Home. You just got the call—the job is yours! Now what? Relocating your family to take a job can be emotional, exciting, and stressful, but with a bit of preplanning and list-making, you can turn the process into a family adventure.
McKissock
MAY 31, 2022
. Summertime is finally here and with it comes a new quarter and a chance to execute your real estate marketing plan. How do you make sure your real estate marketing plan moves you forward this quarter and brings your business to the next level? It starts with being strategic, setting goals, and holding yourself accountable for executing those goals.
Housing Wire
MAY 31, 2022
Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. While many lenders laid off some of their staff to cut costs, others continue opening offices to capitalize on demand from homebuyers. Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investmen
Appraisal Buzz
JUNE 3, 2022
According to a new report from RentCafe, an Austin suburb —Round Rock— has been named the best city for renters in 2022, as Texas reconfirms the rising appeal as a coveted place to live. Raleigh, North Carolina came in second place, followed by small cities located mainly in the South and Southeast. This new data … The post Small, Lively Cities Considered Best Locations to Rent appeared first on DSNews.
GoForrmz
JUNE 2, 2022
Identifying and Eliminating Data Silos in Your Business We live in a data-driven world. It's no longer enough to make decisions based on intuition. Businesses need accurate data to make educated decisions and stay competitive. But managing data can be difficult. There’s so much of it, and it’s ever-changing. Human errors like duplicate entries, miscommunication, and especially data silos make data management all the more challenging.
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