Trending Articles

Purchase mortgage volume projected to clear $2.1T in ’22, ’23

Housing Wire

Despite the expected rise in interest rates, the single-family housing market will continue to be boom in 2022, according to a report published by Freddie Mac this week.

Home Values Up Nearly 20% From Last Year

Appraisal Buzz

People were not just fighting to get gifts this holiday season, they were also eager to get into homes entering the market in droves. But those that entered the market were not just fighting astonishingly low inventory levels, but record high prices as well.

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Don’t Be Alice!

The Appraiser Coach

In his classic novel Alice in Wonderland, author Lewis Carroll teaches an important principle through the character of the Cheshire Cat. Lost in the woods and faced with a crossroads, Read More.

Is Appraisal Obsolete? – Regulations and Guidelines

George Dell

Government regulations should serve the public trust. How can this not work? Being government is not easy. There are always trade-offs. Sometimes, new regulations can solve problems; at other times they can embed old problems, or beget unintended consequences.

Becoming a real estate meme & the top and bottom of the market

Sacramento Appraisal Blog

Do you ever feel like it’s going to be a good week? I’m definitely feeling that way as I finally got rid of a nagging cold that wouldn’t go away. I tested negative multiple times, so this really was a cold.

Mortgage rates have eclipsed 3.5%

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.56% during the week ending Jan. 20, rising from 3.45% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.77%.

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Existing Home Sales Strongest Since 2006 Despite Supply Limits

Eyes on Housing

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR).

First Time Home Buyer Guide Raleigh, NC

Raleigh Realty

First Time Home Buyer Guide Raleigh, NC Buying a house for the first time is a big decision, so you want to make sure you are ready as a first time home buyer.

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Fannie Mae report examines differences in Black and white appraisals

Valuation Review

Fannie Mae, as part of its ongoing commitment to helping all homeowners receive a fair and impartial appraisal, recently published a research report looking at appraisal values of homes owned by Black and white borrowers in refinance transactions titled “Appraising the Appraisal.”

Milo launches a crypto mortgage product

Housing Wire

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. And the company claims that there is already a waitlist for the product. According to Milo’s press release , clients who use the company’s services can pledge their Bitcoin to purchase a property.

Mortgage Loans in Forbearance Dropped 26 Basis Points at the End of 2021

Appraisal Buzz

The Mortgage Bankers Association ‘s (MBA) new monthly Loan Monitoring Survey has revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021.

2021 U.S. Population Growth Lowest on Record

Eyes on Housing

According to the U.S. Census Bureau, the of the United States increased by 393,000 to an estimated 332 million from the previous year. In 2021, the estimated population growth rate of 0.12 percent was the lowest since the Bureau began collecting this data beginning in 1900.

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7 of the Best Downtown Raleigh Restaurants {2022}

Raleigh Realty

Downtown Raleigh Restaurants It was a tough job eating at so many of the best downtown Raleigh restaurants, someone had to do it though While we are a local Raleigh real estate company helping people buy and sell homes we love writing about all the best things about Raleigh Let me start by saying this article was damn near impossible to write.

More marketing trends, demands for first-time homebuyers

Valuation Review

Valuation Review concludes its conversation with CoreLogic Valuation Production Leader Kevin Hecht from the 2021 Appraisal Summit in Las Vegas.

Did existing home sales peak in 2021?

Housing Wire

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 million. This number is in line with my sales range for 2021 of 5.84 million to 6.2 million, but a tad higher than my existing home sales range for 2022, which is between 5.74

Foreclosure Starts Ticked Up in December as Moratoriums Concluded

Appraisal Buzz

The mortgage delinquency rate (30 days or more past due) fell to 3.38% in December, down nearly 6% compared with November and down nearly 45% compared with December 2020, according to Black Knight’s First Look report.

November Single-Family Permit Gains

Eyes on Housing

Over the first eleven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,029,208. On a year-over-year (YoY) basis, this is a 15.9% increase over the November 2020 level of 888,217.

Join us at the 2022 Acumatica Summit!

GoForrmz

GoFormz will be onsite as a Gold Sponsor at this year’s Acumatica Summit (January 23- 28, 2022) Next week, GoFormz will be sponsoring the Acumatica Summit in Las Vegas! Will we see you there?

Buyers May Face Hidden Costs for Homes with Solar Power

Empire Appraisal Group

Buyers May Face Hidden Costs for Homes with Solar Power. By Kerry Smith. Solar-powered home” sounds like a great money-saving deal, but buyers should study possible costs before committing.

Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday.

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Michael Jansta: Crypto Investors Need to Diversify into Real Estate

Appraisal Buzz

PERSON OF THE WEEK: Could crypto investors help power the real estate market? Put differently, could the real estate market play a role in crypto investors’ growth strategies? To find out, MortgageOrb recently interviewed Michael Jansta, chief marketing officer for Altisource.

Builder Confidence Edges Lower on Inflation Concerns

Eyes on Housing

Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust.

Diving into data, faster processes await CRE

Valuation Review

Valuation Review concludes its conversation with Valcre co-founder/Vice President of Client Experience Grant Norling. More technology is in store for the appraiser in 2022, and the commercial evaluator will have plenty of opportunities to explore these resources.

3 Ways Our Customers Are Winning With Conditional Logic Forms

GoForrmz

Discover how GoFormz users are leveraging conditional logic forms to gather better data, faster Digitizing your work forms can drastically improve your operation’s data entry.

Desktop appraisal option to start in March

Housing Wire

Desktop appraisals will become an option for some agency-backed loans submitted after March 19. To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%.

HUD Offers Disaster Aid for Three Storm-Stricken States

Appraisal Buzz

Residents in Alaska, Tennessee, and Missouri hit by recent natural disasters are now eligible for federal disaster assistance. The post HUD Offers Disaster Aid for Three Storm-Stricken States appeared first on DSNews.

Housing Starts End 2021 with Annual Gains

Eyes on Housing

Home building ended 2021 with strong annual gains as demand accelerated in the wake of the pandemic. These annual gains were realized despite supply-chain limitations for materials and ongoing access issues for labor and lots. Single-family starts ended 2021 with a 13.4%

‘A lot going on in the economy,’ and for the appraiser, industry vet says

Valuation Review

At the 2021 Appraisal Summit in Las Vegas, Valuation Review spoke with CoreLogic Valuation Production Leader Kevin Hecht who addressed some of the economic fallout from the pandemic. Hecht gave an in-depth analysis of market trends, and how those affect appraisers moving forward.

5 Tips to Help Ensure a Credible Appraisal

Appraisal Hub

If you’re getting a property appraisal in Toronto, you may be wondering about the process. How is it done? Who is authorized to do it? The results may even be confusing. How is it that a costly renovation ended up adding very little value to your home?

Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.

Lendsmart, Stratton Equities Incorporate Underwriting Technology

Appraisal Buzz

Stratton Equities is integrating with Lendsmart ’s AI-powered underwriting platform to underwrite loans upfront and reduce the loan origination processing time.

Homeownership Postponed

Eyes on Housing

The share of adults planning a home purchase within 12 months has fallen for two consecutive quarters, going from 17% in the second quarter of 2021, to 16% and 15% in the third and fourth quarter of the year, respectively.

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Home supply hits new low in November

Valuation Review

The seasonally adjusted number of homes for sale fell 18 percent year-over-year in November to an all-time low, according to a Redfin report. That sent the median home sale price up 15 percent, to $383,100

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Variable rate mortgages in Canada – what will happen in 2022?

Mortgagebroker News

The market's trajectory will be influenced by momentum from lenders' late-2021 decisions, observers say