Housing Wire

JUNE 17, 2022

Notarize CEO, Pat Kinsel publicly announced that his firm had laid off 25% of its workforce (110 employees) in a Twitter thread on Wednesday. This is the second time the 7-year-old, Boston-based remote online notarization (RON) firm has undergone layoffs. In 2019, Notarize was forced to undergo layoffs after financing fell through. “We are exceptionally proud of the team we’ve built and they are leaving through no fault of their own – they are truly the best of the best.

Legal 432

Legal Law Business Investing 432

Appraisal Buzz

JUNE 17, 2022

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show the 30-year fixed-rate mortgage averaged 5.78% with an average 0.9 point as of June 16, 2022, up from last week when it averaged 5.23%. A year ago at this time, the 30-year FRM averaged 2.93%. “Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987,” comments Sam Khater, Freddie.

Mortgage 370

Mortgage Appraisal Marketing 370

Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? Depreciation! When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated. When measuring depreciation using the age-life method, which residential appraisers often use, the first step is to develop an opinion of the value of the la

Appraisal 279

Appraisal Development Market Value Tenants 279

The Appraiser Coach

JUNE 14, 2022

We’ve all heard of the classic debate: What’s the correct way to make a peanut butter and jelly sandwich? Allow me to introduce a new debate: What’s the correct way. Read More.

Inspection 195

Inspection Advertising Real Estate Agent Government 195

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand.

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Appraisal Buzz

JUNE 17, 2022

The House of Representatives passed HR 2543 by a vote of 215-207, legislation drafted to promote equity for underserved communities and increase access to safe and affordable financial services for all Americans. The post House Passes Measure to Increase Financial Equity and Inclusion for All appeared first on DSNews. The post House Passes Measure to Increase Financial Equity and Inclusion for All appeared first on Appraisal Buzz.

Appraisal 369

Appraisal 369

Eyes on Housing

JUNE 13, 2022

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.

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Buyers 218

Housing Wire

JUNE 17, 2022

I am about to say something in 2022 that no one in software design and process management would say. Do loan officers need more technology than they currently have? Will new technology change anything? Let that sit a second. After all, my friends probably assume I hit my head and need to reconsider my job choices. However, I am going somewhere with this.

Loan Officers 409

Loan Officers Technology Training Design 409

Appraisal Buzz

JUNE 13, 2022

Technology will continue to infiltrate the industry – learn about how ProxyPics technology and tools will put you at the forefront of real estate transactions as the GSEs continue to evolve valuation options in the digital age. Join us for our upcoming webinar, “ Still Using a Clipboard and a Tape Measure? Get an Inside Look at Tech-Enabled Valuation Solutions ” on June 14th at 2 pm with Luke Tomaszewski, Vin Vomero, and Jordan Yount.

Valuation 370

Valuation Technology Real Estate Appraisal 370

DW Slater Company

JUNE 16, 2022

When I was a young poor college student, I got a speeding ticket. When the officer asked me how fast I was going, I told him truthfully that I didn’t know. You see my speedometer had stopped working in my car and I didn’t have the extra funds to fix it so I just drove along with everyone else. Well, in this case, everyone else was speeding. I was the lucky gal that got the ticket.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

Eyes on Housing

JUNE 14, 2022

The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Prices have surged 40.4% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are 36.3% higher than they were in May.

Construction 202

Construction Transportation 202

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. Wells Fargo Chief Financial Officer Mike Santomassimo said higher interest rates have greatly reduced the refinancing market – currently down about 82% from the prior year – and home affordability remains a challenge in the purchase market. “As you would expect, you’re seeing the refinance volume fall significantly — no surprise,” he s

Business 410

Business Mortgage Lending Investors 410

Appraisal Buzz

JUNE 16, 2022

Mortgage Capital Trading (MCT), a mortgage hedge advisory and secondary marketing software firm, has introduced a new technology for mortgage servicing rights (MSR) buyers to produce more granular pricing for mortgage servicing. The feature leverages an application programming interface (API) to connect MSRlive!, MCT’s state-of-the-art MSR valuation platform to clients’ systems for more precise and accurate loan-level pricing in real time.

Technology 363

Technology Mortgage Valuation Clients 363

GoForrmz

JUNE 15, 2022

Leverage Calculations within your digital form Templates to streamline processes, instantly provide totals, and protect data integrity. Features like Calculations allow your form fields to perform anything from simple addition or multiplication to complex Conditional Logic. GoFormz has a Calculation Builder which provides form builders with an intuitive approach to adding calculations to your Template’s form fields and can be easily accessed directly within the Template Editor.

Business 148

Business 148

Eyes on Housing

JUNE 13, 2022

The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the first quarter of 2022, the aggregate market value of all owner-occupied real estate in the United States showed the largest year-over-year percentage gain since 2001. Owners’ equity as a percentage of households’ real estate was the highest.

Market Value 174

Market Value Real Estate Marketing 174

Housing Wire

JUNE 16, 2022

Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb. Fannie Mae’s Economic and Strategic Research (ESR) Group revised its projected mortgage origination volume to $2.6 trillion in 2022 and $2.2 trillion in 2023. In May, Fannie Mae dropped its mortgage origination volume projection for 2022 to $2.7 trillion and $2.25 trillion for 2023, down from the respective $2.8 trillion and $2.41 trillion projected the previous month. .

Valuation 397

Valuation Mortgage Marketing 397

Appraisal Buzz

JUNE 17, 2022

According to a new report from Fannie Mae’s Economic and Strategic Group (ESR), a combination of rising interest rates and elevated inflation will continue to weigh on the housing market and are now predicting a 1.2% full-year market growth. The ESR is still predicting a modest “economic contraction” beginning in late 2023 due to the … The post Slowing Housing Market Expected Soon appeared first on DSNews.

Housing Market 283

Housing Market Marketing Contracts Appraisal 283

The Robert Weiler Company

JUNE 17, 2022

Ohio is one of the top five tax climates in the United States, so it is not surprising that you are looking at the various apartment buildings for sale in Ohio as a lucrative investment. However, an investment in real estate is not something you should jump into without preparation. This purchase can be a great asset, as long as you make a wise choice.

Property Management 147

Property Management Renovations Real Estate Investing 147

Appraiserblogs

JUNE 13, 2022

VaCAP has learned the Georgia Real Estate Appraisal Board is considering rescinding rule 539-1-.23. This rule is the customary and reasonable fee requirement to appraisers from appraisal management companies. The matter will be decided at a 9:30 AM Sunday July 17, 2022 meeting. From the Georgia Real Estate Commission and Appraisal Board: RULE 539-1-.23 Appraisal Management Companies Purpose: In light of the recent decision and order In the Matter of Louisiana Real Estate Appraisers Board Before

Law 125

Law Real Estate Appraisal 125

Housing Wire

JUNE 16, 2022

Fannie Mae and Freddie Mac plan to charge a new 50 basis-point fee for certain structured-finance offerings that use co-mingled agency securities as the underlying collateral. . The fee will apply to securities issued through structured-finance offerings known as Supers, and separately, real estate investment conduits (REMICs). Through these vehicles, the uniform mortgage-backed securities (UMBS) of one government-sponsored enterprise (GSE), such as Fannie Mae, are co-mingled with UMBS from t

Finance 384

Finance Design Investing Government 384

Appraisal Buzz

JUNE 13, 2022

Former Redfin exec joins provider of distressed residential investment properties to spearhead the firm’s marketing efforts. The post Kuba Poraj-Kuczewski Named Chief Marketing Officer for New Western appeared first on DSNews. The post Kuba Poraj-Kuczewski Named Chief Marketing Officer for New Western appeared first on Appraisal Buzz.

Marketing 276

Marketing Investing Appraisal 276

Raleigh Realty

JUNE 16, 2022

The fun doesn't stop once the sun goes down in Raleigh. With so many places in each neighborhood to choose from, it’s hard deciding where to start your night off. To take the guesswork out of your next night out, we put together a guide to the 34 best bars in Raleigh. Our team of Raleigh locals has put our heads together to share our top recommendations, so it’s easy to take your next date night or outing with friends to the next level.

Decorating 104

Decorating Modernization Design Business 104

Appraiserblogs

JUNE 15, 2022

It shall be unlawful… to engage in any act or practice that violates appraisal independence… Appraisers, I have written the info below, which you may use if you desire to send to your clients and local real estate offices. It’s time for all appraisers to stand up to this kind of very adverse behavior, done by and promoted by many real estate brokers/agents across the US.

Appraisal 120

Appraisal Real Estate Clients Agents 120

Housing Wire

JUNE 16, 2022

The Government Accountability Office this week reminded the Department of Housing and Urban Development (HUD) of some ways it could improve its operations. Among the recommendations , the congressional watchdog said HUD needs to improve internet technology management and that Ginnie Mae , a guarantor for federally backed loans, needs to address “staffing-related challenges.” Both points are reiterations of what the GAO previously flagged in 2014 and 2019, respectively.

Government 384

Government Technology Investing Development 384

Appraisal Buzz

JUNE 14, 2022

Besides location, one of the most important factors in a residential property’s value is the health of its local real estate market. Appraisers should pay close attention to various current events that may indicate a softening or imbalanced market, or conversely, a robust, healthy real estate market. Similar to a doctor looking for signs of a patient’s health declining or improving, you have signs available to determine the health of a housing market.

Real Estate 221

Real Estate Marketing Housing Market Appraisal 221

Empire Appraisal Group

JUNE 16, 2022

New Yorkers and Californians Flock to Florida. By Kelly Hayes. Fla. rents are up because demand is up, and new residents boost demand. In 2020, 167 people moved in for every 100 who left. In 2021, the inbound number was 210. MIAMI – In Florida’s top metros, rents have risen by 24% to 32% in a year. Usually, rents swing by about 1% or 2% per year. New Yorkers and Californians are flocking to the Sunshine State, with Florida reporting the largest year-to-year increase in net migration among all U.

Insurance 78

Insurance Home Value Property Taxes Real Estate 78

The Robert Weiler Company

JUNE 16, 2022

Buying commercial real estate is one thing – it requires maintenance and upkeep. Buying hunting land for sale in Ohio, however, is an entirely different situation. Not only does it require maintenance and upkeep for human standards, but if the buyer wants to use it for its intended purpose (you know, hunting) then it needs to be both prepared and maintained for deer.

Real Estate 78

Real Estate Buyers Land Management Inspection 78

Housing Wire

JUNE 17, 2022

This week’s HW+ member spotlight features Amanda Hill, head of mortgage solutions at Reggora. Prior to her role at Reggora, Hill held senior management positions at Blue Sage Solutions and Ellie Mae. Below, Hill answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Amanda Hill: Lenders see appraisal modernization as a top priority by Maria Volkova.

Modernization 383

Modernization Inventory Tools Lending 383

Appraisal Buzz

JUNE 17, 2022

Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021, according to a new report from Redfin. That’s down from a revised rate of 60.9% one month earlier and a pandemic peak of 68.8% one year earlier; it marks the fourth-consecutive monthly decline. The typical home in a bidding-war received 5.3 offers in May, down from 6.8 in April and.

Housing Market 195

Housing Market Marketing Agents Appraisal 195

GoForrmz

JUNE 16, 2022

Make your digital forms interactive with Dynamic Field Properties and Automatic Calculations Digital forms have evolved into one of the most powerful tools of the modern workplace. Digital forms offer a wide variety of features and functionalities, including Automatic Calculations. Calculations allow Template builders to easily add simple, yet powerful logic to their digital forms including: Default Values: A value that automatically appears in a field when a form is generated.

Modernization 78

Modernization Tools 78

McKissock

JUNE 14, 2022

As any real estate agent knows, finding quality leads and generating new business starts with cultivating pre-existing relationships. But, if you don’t already have a large referral base or if you are new to the area, generating new leads can be difficult. While novice agents tend to focus more on open houses and cold-calling or spend copious amounts of money on print advertising, successful agents are able to cultivate referrals by working side-by-side with neighbors and collaborators.

Real Estate Agent 89

Real Estate Agent Marketing Real Estate Open Houses 89

Housing Wire

JUNE 15, 2022

The markets have been shaken to the core. And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. On Friday, the U.S. Consumer Price Index clocked an 8.6% increase year-over-year in May, 30 basis points above the consensus estimates – and enough for stock futures to sink and bond yields to soar. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compar

Mortgage 384

Mortgage Investors Clients Marketing 384

Appraisal Buzz

JUNE 17, 2022

RE/MAX has released its National Housing Report for May 2022, and although May is deemed one of the most active months of the year for home sales, closings in May 2022 were 8.5% lower than the prior year. However, rates did climb to 5.8% over April. That month-over-month increase was approximately half of the average … The post Experts Project Inventory to Improve Gradually appeared first on DSNews.

Inventory 195

Inventory Appraisal 195

Lamacchia Realty

JUNE 16, 2022

We are proud to share that 14 of our REALTORS ® have been ranked on the 2022 RealTrends America’s Best Real Estate Professionals. The list includes almost 24,000 U.S. real estate sales associates from every state. Real Trends states the agents listed are the top 1.49% of more than 1.6 million licensed REALTORS® nationwide! Individual Sales Volume Ranking.

Realtors 69

Realtors Realty Real Estate Tools 69