Housing Wire

MARCH 8, 2024

Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Average hourly earnings for private-sector employees grew by 0.1%

Transportation 442

Transportation Retail Housing Market Construction 442

Housing Wire

APRIL 28, 2022

Ohio-based Union Home Mortgage is the latest in a string of lenders this week to institute workforce reductions. The multichannel lender, which originated roughly $13 billion in residential mortgage last year, declined to provide any details about the layoffs. The lender’s origination volume increased 25.8% billion, up 65.5%

Mortgage 342

Mortgage Loan Officers Retail Construction 342

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 454

Marketing Mortgage Supply Chain Inventory 454

Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

Construction 437

Construction Retail Law Inventory 437

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years.

Housing Market 351

Housing Market Marketing Supply Chain Inventory 351

Housing Wire

OCTOBER 2, 2020

Private employment increased by 877,000, while government employment fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to drops in local education employees as many schools did not bring their workforces back in September. According to the survey, 19.4

Tenants 398

Tenants Government Retail Business 398

Housing Wire

DECEMBER 29, 2021

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. In short, we made American mortgage debt great again !

Housing Market 531

Housing Market Marketing Construction Mortgage 531

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The name of the game in the industry was purchase mortgages. and Scotsman Guide ‘s fourth-ranked LO in the country.

Business 399

Business Loan Officers Clients Inventory 399

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Inventory remains exceptionally low and is restraining sales activity in much of the District.

Real Estate 427

Real Estate Inventory Construction New Listings 427

Hank Miller Team

DECEMBER 17, 2021

The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. See the inventory bumps as we head into the first quarter? Right now (mid Dec 2021) we’re dragging the bottom for inventory; we're finding old shipwrecks, dead fish, plenty of garbage and a few Mafia bodies. Is new construction the answer?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 410

Inventory Housing Market Marketing Construction 410

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Mortgage rates Mortgage rates exhibited a minor retreat to 6.79%, remaining within the 6.6%

Appraisal 77

Appraisal Contracts Business Construction 77

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 401

Inventory Renovations Supply Chain Buyers 401

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. The Price of Money Another financial prophecy for the winter months is that mortgage interest rates will go up -- a 30-year fixed rate product is expected to increase by 3.5 percent or so.

Real Estate 67

Real Estate Marketing Supply Chain Inventory 67

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Appraisal Today

JUNE 16, 2023

NOTE: Please scroll down to read the other topics in this long blog post Non-lender appraisals, ROVs, appraisal business, unusual homes, mortgage origination stats, etc. Vugrin was the protegé of organic architect Kendrick Bangs Kellogg during the 1980s when construction began. June 14, 2023) — Mortgage applications increased 7.2

Appraisal 75

Appraisal Contracts Design Mortgage 75

Appraisal Today

SEPTEMBER 22, 2023

Mortgage interest rates ALWAYS go up and down. At the current mortgage rate, and with a 20% down payment, homes priced at $250,000 will have a typical monthly payment of around $1,358, before property taxes and home insurance costs. Most lender appraisers have little work. == Mortgage applications increased 5.4 I understand.

Appraisal 87

Appraisal Training Inspection Real Estate 87

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Some use postal mailings or office visits, such as you did in the mortgage broker days.

Appraisal 72

Appraisal Design Contracts Inspection 72

Housing Wire

FEBRUARY 4, 2022

Even though total construction jobs fell, residential construction jobs had another positive month. Job openings for construction workers are still historically high today as the need for labor in America is very high. The 10-year yield and mortgage rates. Retail sales have slowed down, which should have been expected.

Construction 418

Construction Retail Mortgage Marketing 418

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

Housing Market 544

Housing Market Inventory Mortgage Marketing 544

Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 9.4 January 3, 2024) — Mortgage applications decreased 9.4 January 3, 2024) — Mortgage applications decreased 9.4

Appraisal 76

Appraisal Contracts Legal Business 76

Will Springer Realtor

JUNE 29, 2021

The cavalcade of construction cranes across downtown is a measuring stick for the success and status that awaits this already rich and vibrant city. That includes the two-structure landmark towers under construction at the corner of Northeast 8 th Street and Bellevue Way Northeast, just north of Bellevue Square Mall.

Construction 36

Construction Architecture Development Design 36

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = If you started appraising before AMCs took over, such as mortgage brokers, you had to do some marketing.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Movoto

APRIL 24, 2024

As such, many areas are primed to receive white-collar, retail, and hospitality workers, as the competition makes for favorable working options. New construction projects are also increasing inventory, particularly in desirable areas. People moving to Florida can enjoy low mortgage rates when buying a home.

Architecture 36

Architecture Retail Business Insurance 36

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

JUNE 9, 2023

Quality refers to the quality of items, materials, and construction. NOTE: Please scroll down to read the other topics in this long blog post on adapting to changes in appraisal, appraisal volume, unusual homes, mortgage origination stats, etc. == Contemporary Home in the Hamptons (NY) for $27.5M Mortgage applications decreased 1.4

Appraisal 52

Appraisal Advertising Real Estate Contracts 52

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. TreeHouse worked with Tesla on an ecofriendly home battery and opened a 25,000-square-foot retail store in Dallas.

Construction 395

Construction Supply Chain Investors Business 395

Housing Wire

AUGUST 31, 2022

Tricon is contributing to a nationwide surge in single-family build-for-rent (SFBFR) construction. An analysis by the National Association of Home Builders (NAHB) found that there were some 21,000 SFBFR construction starts across the country during the second quarter of 2022, up 91% from the same period in 2021. in July and by 2.1%

Marketing 382

Marketing Construction Supply Chain Development 382

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

Insurance 355

Insurance Mortgage Clients Lending 355

Appraisal Today

JULY 8, 2022

Mortgage Bankers Association advocated for the proposal. non-lender appraisals, hurricane with and surge risks, unusual homes, mortgage origination stats, etc. =. Excerpts: Built sometime in the late 19th century, a Victorian-era row house was constructed on St. Mortgage applications decreased 5.4 Half House in Toronto.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

Houston Properties

JANUARY 13, 2021

Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Some companies are offering 30-year fixed-rate mortgages for less than 2.3%. How Is My Neighborhood Doing?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. “We Mortgage applications increased 6.6 Mortgage applications increased 6.6

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

Appraisal 81

Appraisal Contracts Business Construction 81

The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. We’ve seen incredible sales numbers, houses selling faster than ever, and a low inventory of new homes.

Marketing 78

Marketing Real Estate Investing Retail 78

Appraisal Today

FEBRUARY 16, 2024

In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians. Many downtown mixed-use buildings (retail and apartments) are in my city. My comments: MORTGAGE LENDING IS VERY SLOW NOW. percent from one week earlier = Mortgage applications decreased 2.3

Appraisal 81

Appraisal Contracts Training Architecture 81

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75