Trending Articles

The housing market is losing steam

Housing Wire

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association.

Homebuyers Paying Less for Short Commute

Appraisal Buzz

Data shows telework trends affecting traffic patterns and thereby reducing the premium placed on proximity to the office. The post Homebuyers Paying Less for Short Commute appeared first on theMReport.com. The post Homebuyers Paying Less for Short Commute appeared first on Appraisal Buzz.

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4 Home Repairs You Need to Hand Over to a Professional

Cleveland Appraisal Blog

I hope you all are doing great this week! My family and I are in the midst of a first floor renovation, whilst caring for my wife as she continues to recover from her broken ankle, as I mentioned in my last post.

Is Appraisal Systemically Biased?

George Dell

Appraisal standards and regulations are mostly designed to discourage personal bias. But what about traditional appraisal practice? To understand this question, we must separate personal bias from analytic bias.

Dear Appraisers, Why do You Care about Your Competition’s Fees

The Appraiser Coach

As appraisers we often wear at least two different hats. You have heard me talk about the business owner cap versus the technician cap. While we often play both roles, Read More.

Buying & selling in America’s largest retirement community

Housing Wire

America’s largest retirement community spans three Florida counties and more than 70 miles. It has over 120,000 residents — all of whom are at least 55 years of age.

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Redfin: Housing Supply Side Is Beginning to Show Some Strengthening

Appraisal Buzz

According to a new report from Redfin , housing supply is gradually gaining momentum as the number of homes for sale begins to increase and pending sales continue a steady and seasonal decline.

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Does it need a closet to be a bedroom?

Sacramento Appraisal Blog

Do you need a closet to be considered a bedroom? That’s a big question and the answer is simple. Actually, it’s not. Here are some things to consider. NOTE: This post does not address the requirements to be a bedroom.

Most Common Sidings On New Homes are Stucco and Vinyl in 2020

Eyes on Housing

According to the data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2020 (28 percent), followed by Vinyl siding (26 percent), fiber cement siding (such as Hardiplank or Hardiboard (21 percent), brick or brick veneer (19 percent).

Variant scare causes mortgage rates to fall to 2.78%

Housing Wire

The average 30-year fixed-rate mortgage sank 10 basis points to 2.78% for the week ending on July 22, continuing several weeks of declines , according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS.

Homebuyers Paying Less for Short Commute

Appraisal Buzz

Data shows telework trends affecting traffic patterns and thereby reducing the premium placed on proximity to the office. The post Homebuyers Paying Less for Short Commute appeared first on theMReport.com. The post Homebuyers Paying Less for Short Commute appeared first on Appraisal Buzz.

Mortgage rates hit new all-time low for 15-year loans

Inman

Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well. Banking & Lending Markets & Economy Mortgage freddie mac mortgage rate Sam Khater

Porch vs. Patio: Do Your Clients Know the Difference?

Empire Appraisal Group

Porch vs. Patio: Do Your Clients Know the Difference? Article Source: Porch vs. Patio: Do Your Clients Know the Difference? Realtor Magazine. The post Porch vs. Patio: Do Your Clients Know the Difference? appeared first on Empire Appraisal Group. General

Desire for Homeownership Continues to Increase

Eyes on Housing

Seventeen percent of American adults are considering the purchase of a home within a year, according to NAHB’s Housing Trends Report for the second quarter of 2021.

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Housing inventory slowly coming back as frenzy fades

Housing Wire

After four consecutive months of declines, existing home sales increased in June, jumping 1.4% from May to a seasonally adjusted annual rate of 5.86 million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. Sales climbed 22.9%

The Week Ahead: Risk Management in a Time of Catastrophe

Appraisal Buzz

A new webinar will examine weather-related events, their impact on the overall climate, and how insurers nationwide are dealing with these issues. The post The Week Ahead: Risk Management in a Time of Catastrophe appeared first on DSNews.

Building a business that prioritizes diversity, inclusion, equity, and belonging

Inman

Study after study has confirmed that people who bring alternative perspectives, experiences, and skill sets to a business enable it to excel, identifying needs and solving issues that their peers didn’t notice or didn’t know how to address.

ASA welcomes first international president

Valuation Review

For the first time in the history of the American Society of Appraisers, the organization has an international president from outside the United States. The newly elected official began his one-year term July 1. Read on for more

Modular and Other Non-Site Built Housing In 2020

Eyes on Housing

The total market share of non-site built single-family homes (modular and panelized) was at 3% of single-family completions in 2020, according to Census Bureau Survey of Construction data and NAHB analysis.

Ransomware imperils title, mortgage industry

Housing Wire

Ransomware attackers hit major title industry cloud services provider Cloudstar , stopping an untold number of loans from closing on Monday. The ramifications for the title and mortgage industry may extend beyond the immediately impacted loan applications.

The Week Ahead: Home Valuations and Racial Disparities in Housing

Appraisal Buzz

HUD will host a virtual discussion covering President Biden’s recent charge on a new initiative designed to decrease the racial housing gap for all. The post The Week Ahead: Home Valuations and Racial Disparities in Housing appeared first on theMReport.com.

Keller Williams eying big change for growing teams

Inman

The project is meant to make the process of expanding a team into a new city more streamlined and efficient. It should also turn those teams into an asset for the existing Keller Williams personnel in the new city.

Perceptions differ on pandemic’s impact on office space

Valuation Review

Predictions the pandemic will have a long-lasting impact on office space has yet come to pass, according to national valuation and commercial real estate firm BBG.

Have High Prices Reduced New Construction Interest?

Eyes on Housing

The share of prospective home buyers looking to buy a newly-built home peaked at 42% in the fourth quarter of 2020, before falling to 38% and 33%, respectively, in the first two quarters of 2021.

Mortgage applications fall amid market jitters

Housing Wire

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates.

Mauricio Assumes Post As Freddie Mac Chief Compliance Officer

Appraisal Buzz

Freddie Mac has named Jerry Mauricio as the company’s senior vice president and chief compliance officer, having served as the GSE’s interim CCO since January 2021.

3 ways Biden could change real estate

Inman

Real estate experts share how President Biden's latest executive order could impact real estate from licensing to noncompete agreements to antitrust lawsuits.

The Noose is Hung…

Appraiserblogs

The Noose is hung and… When Dodd Frank was implemented lenders started using appraisal management companies, eliminating appraisers relationships basically overnight. Appraisers embraced the change reluctantly and started accepting assignments from appraisal management companies.

Builder Confidence Edges Lower as Material Challenges Persist

Eyes on Housing

Strong buyer demand helped to offset ongoing supply-side challenges of labor shortages, regulatory costs, and rising prices of materials as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, according the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Borrowers get more options as foreclosure deadline nears

Housing Wire

With the foreclosure moratorium for federally backed mortgages set to expire next week, the Biden administration is giving borrowers additional options to reduce their mortgage payments.

As Competition Eases, Housing Market Remains Ripe for Sellers

Appraisal Buzz

Real estate economists expect house prices to accelerate less quickly and even begin to decrease in the coming weeks, as more owners place their homes on the market.

Overwhelmed by social media? Here’s a step-by-step guide for growth

Inman

When you’re ready to grow your business, social media will be one of your most important tools, and building a content calendar will help you automate your efforts. Here's how to approach it.

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Company executive details market, business outlook

Valuation Review

Buckingham Advisors, an Ohio-based RIA (Registered Investment Advisor) providing financial, tax, investment, and business services to consumers, reached out to Valuation Review to discuss where markets and businesses stand following the 2020 pandemic.

Existing Home Sales Stabilizing in June

Eyes on Housing

After four months of declines, existing home sales stabilized in June as housing inventory modestly improved, according to the National Association of Realtors (NAR). However, the median existing home price in June remained elevated and was the second-highest on record.

Existing home sales show strength of demographics

Housing Wire

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. The seasonally adjusted annual rate of 5.86 million achieved in June was a bit better than my expectations, ending four months of declines.

Freddie Mac Names Jerry Mauricio SVP and Chief Compliance Officer

Appraisal Buzz

After serving in an interim CCO capacity since January, 20-plus year veteran takes over SVP role at GSE. The post Freddie Mac Names Jerry Mauricio SVP and Chief Compliance Officer appeared first on DSNews.

Condo prices jump more than 20% as sales rebound across the US

Inman

A new Redfin report found that the median price of a condo hit an all-time high of $304,000 in June. Listings Luxury Luxury Lens Markets & Economy condo prices condos Darryl Fairweather Redfin