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Low inventory creates challenging conditions in North Carolina’s housing market

Housing Wire

While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic. By comparison, the median list prices in early May 2019 were $275,000 and $389,990, respectively, according to data from Altos Research.

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California couple sues appraiser for race discrimination

Housing Wire

They refinanced their mortgage in 2018 and 2019, and sought to do so again in 2020. This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”. According to the lawsuit, Tate-Austin, and her husband Austin bought a house in Marin County for $550,000 in 2016.

Appraisal 374
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

based firms on percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. The minimum revenues required are $100,000 for 2019 and $2 million for 2022. The self-reported list ranks U.S. They must be U.S.-based, 4,105 FirstCloseFirstclose. Source: Inc.

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Deitz said the “underbuilding” in the home market between 2012-2019 “left us with the housing deficit.” How are you going to build millions of homes if you can’t get the financing to develop the lots in the first place?” billion to $1.8

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A New Appraiser Discusses his Journey into the Industry

Appraisal Buzz

During the event, Black Appraisers spoke about their experiences in the field, how it changed their lives, and its importance to community development. I was awarded this scholarship in December 2019, but didn’t really start courses until February 2020 as my job at the moment was very demanding. It all felt serendipitous.

Appraisal 358
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Mortgage Tech: Blend, Black Knight and QuestSoft

Housing Wire

With the integration, Blend will have access to the companies Dual AUS functionality – a product unveiled in 2018 with the ability to run an application through both systems and quickly identify property inspection waivers early on in the process. Though that need may have started long before the pandemic. Also, in case you missed it….

Mortgage 228
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Opportunities to improve the home-building process

Housing Wire

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. But, even then, today’s homebuyers aren’t spoiled for choice. Creating transparency.