Housing Wire

MAY 13, 2021

Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that didn’t quite integrate into the flow of the home. Still, they functioned well as office spaces. Sheridan received 29 offers on the property, which went pending within five days – and sold for $1.013 million, or 27.4% over the list price.

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Appraisal Buzz

MAY 13, 2021

For the fourth straight week, mortgage rates have slid into a range where more are looking to save monthly via refinance. The post Refis Reign as Rates Trend Downward appeared first on theMReport.com. The post Refis Reign as Rates Trend Downward appeared first on Appraisal Buzz.

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Housing Wire

MAY 13, 2021

The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month. Despites last week’s rates mirroring closer to what was seen in February, Sam Khater, Freddie Mac’s chief economist isn’t convinced they will last. “The low mortgage rate environment has been a

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Appraisal Buzz

MAY 13, 2021

Congressional markup sees up two pieces of legislation drafted to advance racial and gender equity, and provide fairness for LGBTQ+ persons in housing and lending. The post House Committee Addresses Lending Equality appeared first on DSNews. The post House Committee Addresses Lending Equality appeared first on Appraisal Buzz.

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Housing Wire

MAY 13, 2021

Mortgage applications for new homes dropped 9% in April from March, however, overall applications are still up a whopping 30.8% year over year for homebuilders, according to the latest survey report from the Mortgage Bankers Association. Amid continued competition from borrowers, the average loan size of a new home reached its highest level in the survey’s history at $377,434.

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Appraisal Buzz

MAY 13, 2021

Mortgage credit availability increased in April, rising 2.2% compared with March to reach a score of 128.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). Credit availability for conventional loans increased 4.8% while credit for government loans increased by 0.1%. Credit availability for jumbo loans increased 6.9% while credit conforming loans rose by 12.6%. “Credit availability rose in April, fueled by a 5 percent increase in conventional mortgage c

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Appraisal Buzz

MAY 13, 2021

Mortgage rates fell for a third straight week, with the average rate for a 30-year fixed-rate mortgage dipping to 2.94%, down from 2.96% last week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). A year ago at this time, the 30-year averaged 3.28%. “Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under three percent for the past month,” says Sam Khater, The post Average Rate For 30-Year Mortgage Continues to Hold

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Housing Wire

MAY 13, 2021

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. Tom McInerny, the president and CEO of Genworth, said that recent market volatility led the company to put off the IPO. The offering has been in the works since at least January. “In light of the recent significant trading volatility in the mortgage insurance sector, Genworth’s Board of Directors determined that current market pricing for the planned off

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Appraisal Buzz

MAY 13, 2021

That applications for mortgages to purchase newly constructed homes rose 30.8 percent in April compared to a year ago is not a particularly useful piece of data given the state the global economy was enduring in April 2021. However, it is good news that the Mortgage Bankers Association (MBA) estimates that new home sales are expected to increase by 8 percent when the April numbers are published.

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Eyes on Housing

MAY 13, 2021

Prices paid for goods used in residential construction ex-energy rose 1.7% in April (not seasonally adjusted) and have increased 12.4% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

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Appraisal Buzz

MAY 13, 2021

The name change, effective later this summer, is significant, the company reports, but clients will not see any difference in Rocket’s fully digital homebuying experience. The post Quicken Loans Will Legally Become Rocket Mortgage appeared first on theMReport.com. The post Quicken Loans Will Legally Become Rocket Mortgage appeared first on Appraisal Buzz.

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Chicagoland Appraisal Blog

MAY 13, 2021

Your home may be your favorite place to be, but it’s also an investment. Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. This is helpful whether you intend to stay in your home or wish to sell it.

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Appraisal Buzz

MAY 13, 2021

The data startup powers informed lender decisions on loan officer recruiting, realtor partnerships, and fair lending compliance. The post Mortgage Data Company 6 Solutions Adds CEO Jeff Walton appeared first on theMReport.com. The post Mortgage Data Company 6 Solutions Adds CEO Jeff Walton appeared first on Appraisal Buzz.

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CM Appraisals

MAY 13, 2021

​Isabella Caprario ​Even if you take good care of your home’s inside, having beautiful curb appeal is just as important. The term curb appeal refers to how your home, lawn , and garden appear and how this area looks in terms of visual appeal, cleanliness , and upkeep. When you have great curb appeal, your home is much more enticing to potential buyers.

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Appraisal Buzz

MAY 13, 2021

Rates remain below the 3% mark as a slight uptick in apps proves more are jumping into the refi ring before an inevitable rise in the coming weeks. The post Mortgage Rates Retreat for Fourth Straight Week appeared first on DSNews. The post Mortgage Rates Retreat for Fourth Straight Week appeared first on Appraisal Buzz.

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Empire Appraisal Group

MAY 13, 2021

‘This Isn’t a Bubble’. source: ‘This Isn’t a Bubble’ | Realtor Magazine. The U.S. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. That type of soaring housing market is prompting more “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated.

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Appraisal Buzz

MAY 13, 2021

Applications for mortgages for new home purchases decreased 9% in April compared with March but were nonetheless up 30.8% compared with April 2020, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). “Purchase applications for new homes, unadjusted for typical seasonal patterns, declined in April, but the average loan size increased to its highest level in MBA’s survey,” says Joel Kan, associate vice president of economic and industry forecasting for the MBA, Th

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BiggerPockets

MAY 13, 2021

Last time we did a live Q&A, fans from all over came on to ask questions to Brandon and David. Now we’re back, answering the questions that BiggerPockets Real Estate […].

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Real Estate 72

Appraisal Buzz

MAY 13, 2021

DEI leader Leonard McLaughlin tapped to advance inclusion efforts within Mr. Cooper in new role. The post Mr. Cooper Names New Chief Diversity Officer appeared first on DSNews. The post Mr. Cooper Names New Chief Diversity Officer appeared first on Appraisal Buzz.

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Lamacchia Realty

MAY 13, 2021

PREPPING FOR A SUMMER SALE. The spring market still hasn’t returned to normal and shows some lingering effects from the pandemic, but the summer market is looking to be hot! Many buyers and sellers still chose to wait out the spring market until the summer, due to lack of inventory and fears they won’t find a home. This means that the summer market is predicted to be teeming with buyers and sellers who are ready to STRIKE!

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Appraisal Buzz

MAY 13, 2021

While the near future looks grim for housing inventory, a new report reveals positive developments on the supply side for the first time since the pandemic began. The post Supply Shortage to ‘Hold Strong in the Short Term’ appeared first on DSNews. The post Supply Shortage to ‘Hold Strong in the Short Term’ appeared first on Appraisal Buzz.

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BiggerPockets

MAY 13, 2021

As of late April, lumber prices were up 67% from the beginning of the year and a massive 340% higher than one year ago. Will this increase affect home prices?

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Real Estate 76

Appraisal Buzz

MAY 13, 2021

The latest data indicates the housing shortage could linger for a while, but there might be hope on the horizon, according to the data analysts at HousingCanary, which provides residential real estate data and home valuations. “Last spring, the real estate market was rocked as a result of COVID-19 lockdowns, but what ensued was a … The post appeared first on theMReport.com.

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Lamacchia Realty

MAY 13, 2021

Joselin Malkhasian has officially broken her own previously held record for being the fastest to ever qualify for Lamacchia Realty’s President’s Club. Qualifying for this prestigious honor nearly one month before her previous record, Joselin has officially surpassed $16,000,000 in sales volume. This is an astounding feat in any market, but doing so in one as challenging as the present shows Joselin is truly taking 2021 by storm.

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Appraisal Buzz

MAY 13, 2021

The number of equity-rich homeowners continues to rise, but for the small percentage of underwater borrowers the risk of foreclosure looms doubly large, data analysts explain. The post Shaky Economy Hasn’t Slowed Rise in Home Equity appeared first on DSNews. The post Shaky Economy Hasn’t Slowed Rise in Home Equity appeared first on Appraisal Buzz.

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Appraisal 195

BiggerPockets

MAY 13, 2021

Whether an investor is a real estate professional or not makes little difference in tax write-offs. Learn more about how to save on taxes here.

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Appraisal Buzz

MAY 13, 2021

A combination of remote work, low rates, and increased wealth has led to many locking in not one, but two mortgages. The post Demand for Second Homes Ramps Up appeared first on theMReport.com. The post Demand for Second Homes Ramps Up appeared first on Appraisal Buzz.

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BiggerPockets

MAY 13, 2021

Speculating isn’t all bad, but it’s never a guarantee. When you invest intelligently, you can protect yourself against risk.

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Mortgagebroker News

MAY 13, 2021

May 24 could see announcement on rate increase for insured and uninsured products, says CEO

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Mashvisor

MAY 13, 2021

When it comes to buying an investment property, the mantra for every successful investor is always “Location, location, location”.

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Real Estate Tools Investors Investing 65

Mortgagebroker News

MAY 13, 2021

More and more Canadians are showing dissatisfaction with top financial institutions

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San Jose Real Estate

MAY 13, 2021

The Monte Sereno Real Estate Market - an update on the housing market's sales, trends and statistics.

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Real Estate Marketing Housing Market 46

Mortgagebroker News

MAY 13, 2021

Shifts in lowest rates have slowed, mortgage financing firm says

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Housing Wire

MAY 13, 2021

As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. This means that lenders who sell these types of loans to Fannie Mae and Freddie Mac will be subject to restrictions if their volume exceeds 7%. How does this impact originators? It could pose a real challenge.

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