Appraisal Buzz

JULY 5, 2021

While drive-by appraisals have been a part of the industry much longer than COVID, they are definitely not ideal in a lot of circumstances — namely, the traditional circumstances that require a home appraisal for sale. Specifically, construction labor is in short supply. Lessons of Appraisal Post-COVID-19.

Appraisal 370

Appraisal Real Estate Construction Appraisal Process 370

Housing Wire

OCTOBER 5, 2023

Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. This could make raising capital for new construction projects harder, and more expensive, everywhere. The real estate market in China, both commercial and residential, have been unwinding over the last few years. in 2008 and 2009.

Real Estate 384

Real Estate Housing Market Marketing Investors 384

Housing Wire

OCTOBER 31, 2023

Finally, RHS recommends revising the definition of “manufactured home” in the regulations to remove references to RHS Thermal Performance standards for direct loans. MHI, MBA, and CHLA do not consider these actions ‘game changers’ – but they are constructive, and we commend RHS for proposing them,” the letter reads.

Finance 366

Finance Buyers Construction Inventory 366

Appraisal Buzz

JULY 12, 2021

Greg: The best way to answer that question is to first look at the definition of supply chain – as a noun, it is the sequence of processes involved in the production and distribution of a commodity. There are distinct supply chains involving residential and commercial construction. Buzz: How are we experiencing one currently?

Supply Chain 370

Supply Chain Construction Appraisal Real Estate 370

Housing Wire

SEPTEMBER 26, 2023

In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs. Right now, insurance is the first call we make when writing an offer to make sure the property is even insurable, and these new rules are definitely going to help,” Armstrong said.

Insurance 367

Insurance Construction Agents Marketing 367

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”. Khater wrote.

Construction 385

Construction Supply Chain Investors Business 385

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. The second avenue for expanding inventory is new construction. With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S.

Real Estate Agent 403

Real Estate Agent Real Estate Buyers Agents 403

Housing Wire

AUGUST 3, 2023

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

Construction 363

Construction Development Finance Mortgage 363

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. a publicly-traded mortgage REIT, entered into a definitive agreement to acquire Genesis Capital LLC from Goldman Sachs. The terms of the deal were not disclosed.

Investing 255

Investing Finance Modernization Investors 255

Housing Wire

MAY 3, 2024

The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We We have so much new construction happening. We have just not had any luck getting a lot of inventory increase here in Charlotte.

Inventory 290

Inventory Housing Market Marketing Real Estate 290

McKissock

JUNE 3, 2022

The GSEs have established specific definitions for Q1 through Q6. CE Course: Learn about the entire home construction process from the ground up. Enroll in our top-rated course, Residential Construction and the Appraiser. Many of these dwellings were constructed prior to the advent of building codes.

Construction 79

Construction Appraisal Design Real Estate 79

Property Metrics

AUGUST 21, 2020

There’s no doubt about it, construction lending is tough. However, from a lender’s perspective, there’s one risk that is top of mind when making a construction loan – the borrower’s ability to make their loan payments during the construction term. Interest Reserve Definition.

Construction 67

Construction Logistics Tools Lending 67

Housing Wire

MARCH 26, 2024

The inventory shortage — in addition to high financing costs tied to elevated interest rates and related inflation for construction expenses — led to a nearly 30% decline in home flips in 2023, according to real estate data firm Attom. For example, there were 50,000 new homes constructed by builders last year in Dallas-Fort Worth,” he said.

Investors 426

Investors Marketing Inventory Real Estate 426

Housing Wire

SEPTEMBER 7, 2022

The company’s SEC filing added that, so far, LRE has “not entered into any binding agreement for any acquisition nor identified any definite acquisition target.”. The design and construction of the luxury properties is outsourced to third parties. and further expand our operations in the U.S. through acquisition and joint ventures.”.

Development 316

Development Real Estate Luxury Properties Construction 316

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Some markets like New Jersey don’t have land to build new homes.

Loan Officers 386

Loan Officers Mortgage Inventory Clients 386

Housing Wire

NOVEMBER 18, 2020

People aren’t downsizing right now, they’re looking to be able to put multiple families in, and definitely to bring elderly to live with them,” Duryea said. “I About a month ago, Correa said he had five homes in escrow that were still under construction.

Housing Market 457

Housing Market Marketing Real Estate Agent Agents 457

Housing Wire

JULY 13, 2023

Rents have room to come down because there remains a backlog of under-construction rentals that have yet to hit the market, which means landlords will continue grappling with vacancies and won’t be able to hike rents as rapidly.”

Landlords 274

Landlords Brokerage Construction Marketing 274

Housing Wire

DECEMBER 18, 2020

They’re frustrated and seeking newly constructed homes or moving further out on the outskirts of Austin , she said. Most of my clients are not just going to change altogether city wise, but I’m definitely seeing a huge uptick in people looking at Buda, Kyle, further south of Austin, for sure,” Myers said.

Realtors 441

Realtors Inventory Housing Market Real Estate 441

Housing Wire

APRIL 6, 2021

First-time hombeuyers who are, by definition, renting, would purchase previously rented homes or homes of long-time residents who moved elsewhere. The beauty of a combined cap-gains and FTHB approach, however, is that in aggregate there would be no net loss of rental stock relative to rental demand. But the switch may not always be direct.

Inventory 544

Inventory Housing Market Marketing Landlords 544

Housing Wire

NOVEMBER 19, 2021

Since HMDA was introduced, regulators’ definition of redlining has evolved. In a virtual seminar Thursday on “modern-day redlining,” attorneys from Garris Horn, LLP , said the CFPB’s current definition of the practice is better termed “marketing discrimination.”.

Lending 298

Lending Modernization Tools Mortgage 298

Housing Wire

MAY 10, 2023

Looking back at historic data, the shelter component of the CPI definitely tracks behind trends in the overall inflation metric. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline. Inflation has calmed down while rents are still accelerating. in 2024.

Housing Market 341

Housing Market Insurance Realtors Buyers 341

Housing Wire

MAY 7, 2021

April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March , roughly 40% of the population had achieved vaccination, and key sectors of the economy planned large-scale reopenings. Instead, the U.S.

Housing Market 463

Housing Market Supply Chain Marketing Mortgage 463

Housing Wire

MARCH 10, 2022

There are traffic cones and foreboding construction signs outside the Miami Beach Convention Center and the doors are locked. Robert Wennett, a prolific Miami real estate developer then added (definitely not jokingly), “The idea of the whole commission structure is archaic. It’s actually, literally, a bit difficult to access.

Real Estate 355

Real Estate Agents Investors Legal 355

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Valuation Review

OCTOBER 27, 2021

recently entered into a definitive agreement with affiliates of The Goldman Sachs Group, Inc. to acquire Genesis Capital LLC, a leading business purpose lender that provides innovative solutions to developers of new construction, fix-and-flip and rental-hold projects and acquire a related portfolio of loans.

Lending 60

Lending Construction Development Investing 60

Eyes on Housing

JULY 28, 2022

economy definitively slowed in the first half of 2022 as the Federal Reserve tightened financial conditions. Real GDP fell for the second straight quarter, while the Fed raised interest rates by 75 basis points for the second consecutive month to reduce inflation pressure.

Marketing 146

Marketing Construction Investing 146

Housing Wire

JANUARY 12, 2022

We do view the announcement to be a constructive one for the non-agency market,” Robinson said. Redwood remains a highly complementary partner to the GSEs, and we view these changes to be constructive for non-agency origination volumes overall.”.

Marketing 386

Marketing Government Construction Mortgage 386

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

Insurance 338

Insurance Housing Market Marketing Agents 338

Housing Wire

APRIL 13, 2023

Our calendars, schedules and agendas construct a gymnasium where purpose gains definition. The key is to keep our goals and vision in mind, and act distinctly. Time is the ever-present resource on which we can exercise critical choices.

Business 275

Business Technology Construction Finance 275

Housing Wire

JULY 13, 2023

Rents have room to come down because there remains a backlog of under-construction rentals that have yet to hit the market, which means landlords will continue grappling with vacancies and won’t be able to hike rents as rapidly.”

Landlords 210

Landlords Brokerage Construction Marketing 210

Housing Wire

JANUARY 5, 2021

HPC begins by recognizing CSBS sought to align its proposed regulations with the FHFA, but pointed out that its proposal is a “higher of” construct, and that standards may always increase from those at the federal level but would never decrease.

Design 270

Design Mortgage Technology Construction 270

McKissock

JULY 30, 2021

The definition of a Federally Related Transaction and the appraisal exemptions are covered in this guide. Power to Prevail in 2021 and Beyond – New Residential Construction Outlook (Recorded Webinar). Not yet a member? Learn about the benefits of McKissock’s Unlimited Learning Membership.

Appraisal 98

Appraisal Construction Architecture Real Estate 98

Housing Wire

JUNE 21, 2021

” On the construction side, builders throughout the country are struggling to keep up with demand, as lumber and building material prices remain high. “We’re definitely seeing a ton of new projects,” Grebe said. “We won’t renegotiate with you, and that seems to help buyers a ton.”

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Simonson Real Estate

JANUARY 25, 2022

Apartment New Construction. New construction costs are reportedly up about 10% on average, or $20,000/unit more compared to 1 or 2 years ago. New Construction sales have been in the $250,000-$300,000 range. We will need to see rent growth to continue to justify new construction looking ahead. Let’s dive right in.

Marketing 131

Marketing Construction Real Estate Lending 131

Housing Wire

OCTOBER 21, 2021

There’s definitely still a lot of regular home buyers who have been living and working here in Vermont forever and are just being kind of edged out of the market because of people coming from out of state with more cash to spend,” Kavenaugh said. After losing out on multiple properties, many buyers are turning to new construction.

Buyers 344

Buyers Inventory Agents Realty 344

Housing Wire

SEPTEMBER 29, 2021

The underlying tension continues to be around the fundamental definition of the word. That’s the case, even though construction work was designated essential from the pandemic’s outset. It’s revitalization that’s changing the neighborhood, the lives of its residents and the workers performing the construction.

Training 244

Training Transportation Construction Renovations 244

Empire Appraisal Group

MAY 6, 2021

Several builders reportedly are having to delay construction starts due to the higher lumber costs. This increase has definitely hurt my business,” Alicia Huey, a high-end custom builder from Birmingham, Ala., Those delays are occurring at a time when home purchases and demand are on the rise.

Construction 78

Construction Realtors Inventory Appraisal 78