Trending Articles

Existing home sales crush the housing bears — again

Housing Wire

The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 million. Now that we are just 10 days away from Halloween in 2021, we can all chuckle a bit at how wrong the housing bears of 2020-2021 have been.

High-Impact Home Upgrades for Any Budget

Cleveland Appraisal Blog

When you looked at your email today, you no doubt received a post indicating a new article was out entitled “How Remaining Economic Life Works” So, funny story… I just started working on that article.

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Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Many stakeholders in the profession have given their opinions on what that means.

What! No Report?

George Dell

No report. Can it be? Does modernized appraisal require a modernized report? And how about non-appraiser appraisals (valuations)? Here we use the word ‘appraisal’ in its generic public meaning.)

Tandem Garage Conundrum

The Appraiser Coach

A question that comes up quite often on the forums is what to do about garages that have tandem spaces, what to do about two car garages that can really. Read More.

FHFA to make desktop appraisals permanent

Housing Wire

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today.

Continuing the Congressional Push for Equitable Housing

Appraisal Buzz

Alongside affordable housing advocates, and in testimony to Congress, Rep. Maxine Waters continues to address the affordable housing component of the Biden Administration’s Build Back Better Act. The post Continuing the Congressional Push for Equitable Housing appeared first on theMReport.com.

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Lots Harder to Obtain than Ever

Eyes on Housing

Home building, like other U.S. industries, has been dealing with the supply side challenges of labor and material shortages. Unlike other industries, however, home builders confront an additional challenge in obtaining lots on which to build.

Deciding on your marketing spend? Put your focus here

Inman

For a lot of brokerages, marketing is inextricably linked to overall performance. Here's how one company set up its marketing support services to meet the needs of its agents while increasing productivity and retention.

Mortgage rates climb to 3.09%

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. Most economists believe they’ll continue to climb.

Delinquencies Continue to Decline but Forbearances Still a Concern; Highest Rates Since April

Appraisal Buzz

The national delinquency rate has fallen below 4.0 percent for the first time since COVID-19 started messing up the world. Black Knight, in its “first look” at September’s mortgage performance data, says the rate in September, 3.91

3 Ways to Leverage Digital Data Capture to Improve Your Telecom Workflow

GoForrmz

Digital data capture enables telecommunication companies to streamline workflows from end-to-end, improving customer satisfaction The GoFormz platform provides various telecommunication teams and their clients with a highly professional, efficient way of communicating.

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Strong Demand Boosts Builder Confidence Despite Supply Chain Disruptions

Eyes on Housing

Strong consumer demand helped push builder confidence higher in October despite growing affordability challenges stemming from rising material prices and shortages.

Dream home? Freddy Krueger’s ‘Nightmare on Elm Street’ haunt hits market

Inman

The Los Angeles home, whose now-iconic facade was featured in the 1984 horror flick, is on the market through Halloween. Listings douglas elliman Freddy Krueger listing los angeles Nightmare on Elm Street Spaulding Square

More fintech M&A: SimpleNexus acquires LBA Ware

Housing Wire

Homeownership platform provider SimpleNexus acquired LBA Ware , a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday.

Prospective Buyers Cite Down Payment, High Prices as Barriers

Appraisal Buzz

Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for first-time buyers looking to get into the market.

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Desktop Appraisals Soon to Be the New Purchase Wrinkle

Appraiserblogs

The desktop appraisals are not necessarily more reliable, which could become an adverse issue for appraisers in the future… Appraisers, we learned about this late on Monday, Oct. 18, 2021: Sandra L.

Existing Home Sales Surge in September while First-time Buyers are Priced Out

Eyes on Housing

As inventory improved in recent months, existing home sales surged to 8-month high in September, according to the National Association of Realtors (NAR).

DOJ to NAR: Increased competition could save consumers billions

Inman

In court filings, regulator says rules "restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations.".

Homebuilders growing very concerned about affordability

Housing Wire

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday.

Family Is an Important Factor for First-Time Homebuyers

Appraisal Buzz

Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for first-time buyers looking to get into the market.

Buyers 195

Investor Invasion: Profit-Minded Home Buyers Flock to S. Fla.

Empire Appraisal Group

Investor Invasion: Profit-Minded Home Buyers Flock to S. Sky Noir Photography by Bill Dickinson. By Rebecca San Juan. Redfin: Home purchases by investors in Miami and Fort Lauderdale jumped over 90% in 2Q 2021 compared to 2Q 2020; the 2020 numbers were impacted by COVID-19.

August Single-Family Permit Gains

Eyes on Housing

Over the first eight months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 775,772. On a year-over-year (YoY) basis, this is a 25.8% increase over the August 2020 level of 616,856.

Home sales on track for one of the strongest years in real estate history

Inman

A strong fall and winter season should mean 2021 will wrap up with nearly 7 million in sales, making it one of the strongest years in history, according to a new MoxiWorks analysis. Industry News Markets & Economy News Brief Select fannie mae gse home sales homesales market MoxiWorks NAR Zillow

Abortion, marijuana laws play a role in relocation decisions

Housing Wire

Over the past few years, politics has become an increasing polarizing subject, so it should come as no surprise that it is influencing recent homebuyers’ decisions of where they want to live.

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Housing Starts Dipped in August

Appraisal Buzz

Housing starts continued to disappoint in September, decreasing 1.6% compared with August to an annual pace of 1.555 million, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Year-over-year, housing starts were up 7.4%.

AMC expands on its tech tool for appraisers

Valuation Review

Valuation Review concludes its conversation with Incenter Appraisal Management President Mark Walser, who gives more details about RemoteVal to further assist appraisers. The technology also provides assistance to lender designated users. Read on for final thoughts from Walser

Top 20 Markets for Single-Family and Multifamily Permits: 2011-2020

Eyes on Housing

Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding.

Your listing presentation makes me look bad. Stop shading your competition

Inman

The best thing we can do for our businesses and for each other is to be honest about the services we provide, how we work and even how the industry itself works. We need to promote our services without suggesting that the competition is greedy, incompetent or unethical.

Is the housing market really 20% overbuilt?

Housing Wire

I’ve been hearing some chatter lately that the uptick in home buying that started in February of 2020 (before COVID, by the way) and has continued into 2021 is being substantially driven by a national emotional state of fear of missing out (FOMO).

Foreclosure Starts Reverse Course in September

Appraisal Buzz

Citing the need to closely monitor foreclosure numbers after the Federal Foreclosure Moratorium expired in July, Black Knight has revealed a “first-look” at its data for September 2021. According to the preliminary release, the national delinquency rate fell to 3.91% in September, down 2.3%

California signs legislation to increase affordable housing, strengthen accountability

Valuation Review

California Gov. Gavin Newsom signed AB Bill 948, and other bills, on Sept.

Single-Family Starts Flat in September

Eyes on Housing

Total housing starts decreased 1.6% in September, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single-family starts were flat for the month, while overall multifamily starts declined in August. The August total starts reading of 1.56

Are love letters so bad? Real estate attorney weighs in: Real (Estate) Talk

Inman

Unfortunately, not every seller works with an agent who is committed to fair housing beyond the logo on flyers. To that point, Oregon has been a trailblazer in banning love letters. Should other states follow? Closing attorney Mehrnush Saadat shares her thoughts.

Fannie Mae: Mortgage rates and home prices will rise in ’22

Housing Wire

Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% in 2022, up from 3.1%

The Week Ahead: New CFPB Chief to Deliver Report to Congress

Appraisal Buzz

Rohit Chopra will testify before the Senate Committee on Banking and provide an update on the latest actions the Bureau is taking to protect the nation’s consumers. The post The Week Ahead: New CFPB Chief to Deliver Report to Congress appeared first on DSNews.

Updated for 2021: How to Get Things Done When Everything Feels Important

DataMaster

It is not enough to be busy, so are the ants. The question is: What are we busy about? Henry David Thoreau. We’re busier than we’ve ever been. How often have you talked to a friend about how busy you’ve been? How many important items do you have to get done?

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