Housing Wire

MAY 19, 2021

National median home prices reached $370,528 for the month of April, a 22% increase year over year and a new record, according to a recent study from Redfin. The number of homes for sale also sank to a record-low average of only 19 days on the market. And 49% of homes sold for above asking price — a record high. The numbers are a bit exaggerated, per Redfin Chief Economist Daryl Fairweather, due to the COVID-19 pandemic slowing homebuying and selling in April 2020 and skewing the numbers.

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Appraisal Buzz

MAY 19, 2021

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, applications increased 1.2 percent on a seasonally adjusted basis for the week ending May 14. On an unadjusted basis, the index increased 1 percent compared with the previous week. The Refinance Index increased 4 percent from the previous week and was 2 percent lower than the same week one year ago.

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Housing Wire

MAY 19, 2021

Social media is constantly evolving, with new platforms and algorithms challenging models and strategies just when businesses have gotten into a rhythm. That’s why we’ve asked LinkedIn Business Coach Judi Fox to speak at engage.marketing on June 17. Fox, who led a highly rated social session at last year’s engage event, will update attendees on the latest changes to LinkedIn and also talk about the opportunities on Clubhouse.

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Appraisal Buzz

MAY 19, 2021

In what Midwest market did the average home spend just four days on the market in April … read on to find out. The post Quick Acting Homebuyers Further Constricting Inventory appeared first on theMReport.com. The post Quick Acting Homebuyers Further Constricting Inventory appeared first on Appraisal Buzz.

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Housing Wire

MAY 19, 2021

First American Financial Corporation has announced a new addition to its C-Suite. Kenneth DeGiorgio, who joined First American in 1999, has been named president. In his new position, DeGiorgio will have oversight responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses, the company said in a press release.

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Appraisal Buzz

MAY 19, 2021

Have you joined the Appraisal Buzz Forum yet? Become a member today and you could win up to $400 on your Valuation Expo Trade Show Pass! Now through August 20th we will be giving away one free trade show pass to the best post of the week… EVERY WEEK! You can post every week for your chance at winning! Winners are chosen every Friday by midnight and are announced the following Monday.

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Appraisal Buzz

MAY 19, 2021

Many homeowners expect to ask for more than they know their home is worth, and market research suggests they are in a good position to do so. The post Sellers Are Poised to Take Advantage of a Hot Market appeared first on theMReport.com. The post Sellers Are Poised to Take Advantage of a Hot Market appeared first on Appraisal Buzz.

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Eyes on Housing

MAY 19, 2021

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate dipped below the elevated levels shown in April, mirroring a similar decline in Treasury yields. For the week ending May 14, the average 30-year fixed rate mortgage was 3.15%. The MBA’s Market Composite Index, reflective of activity in refinancing and purchase mortgages, changed course compared to.

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Appraisal Buzz

MAY 19, 2021

Low rates are beginning to spur a rise in purchase volume, with refis continuing to lead the way in application volume share. The post Steady Rise in Mortgage Apps appeared first on theMReport.com. The post Steady Rise in Mortgage Apps appeared first on Appraisal Buzz.

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Eyes on Housing

MAY 19, 2021

Counter to expectations, the number of single-family homes built-for-rent (SFBFR) construction starts posted a year-over-year decline for the first quarter of 2021. The SFBFR market is a way to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when people want more space and a single-family structure.

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Appraisal Buzz

MAY 19, 2021

The economy is making forward progress and mortgage default rates are improving as an increasing number of homeowners exit forbearance plans. The post First Mortgage Default Rates Slide in April appeared first on DSNews. The post First Mortgage Default Rates Slide in April appeared first on Appraisal Buzz.

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Appraiserblogs

MAY 19, 2021

Frank Garay with National Real Estate Post interviewed Mark Skapinetz on Monday May 17, 2021. They discussed racism, entry into the appraisal field, appraisal fees and appraisal waivers. Frank intends on having Mark back to discuss other issues at hand within the appraisal industry. Kudos to NREP for using their platform to allow boots on the ground appraisers explain the current state of affairs with regards to the appraisal industry.

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Appraisal Buzz

MAY 19, 2021

Mortgage rates began the day in line with yesterday’s levels, for the most part. Things changed in the afternoon. Bonds began to deteriorate modestly after a scheduled Treasury auction. These types of auctions can add clarity to the “demand” side of the supply/demand equation, thus causing a bit of bond market movement at times. The bigger impact followed the release of the minutes from the Fed’s most recent policy meeting.

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GoForrmz

MAY 19, 2021

Adding new users to your GoFormz account is easy Adding new users to your GoFormz account improves collaboration and communication. With more users in your GoFormz account, your team can automate the completion of common daily tasks, like dispatching forms pre-filled with project data, routing completed forms, gathering timesheets, and more. To add a new user to your GoFormz account simply follow the instructions below (please note that you must have Admin permissions to add a new user): Login t

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Appraisal Buzz

MAY 19, 2021

In this week’s episode DS5: Inside the Industry speaks with Reed Jordan, Housing Affordability Philanthropy Grants Program Manager at Wells Fargo, about ensuring an equitable post-pandemic recovery. The post DS5: Overcoming Obstacles to Fair Housing appeared first on DSNews. The post DS5: Overcoming Obstacles to Fair Housing appeared first on Appraisal Buzz.

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Valuation Review

MAY 19, 2021

Clear Capital said its interactive property valuation tool ClearProp is designed with at-a-glance insights in mind for any user to quickly and easily understand the subject property. With access to data and analytics on nearly every U.S. property (150 million properties), the tool specifically allows users to understand characteristics, potential comps, market trends and identify data discrepancies across different property sources, the company said.

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Tools Appraisal Valuation Design 78

Appraisal Buzz

MAY 19, 2021

By submission of their proposed plans, Fannie Mae and Freddie Mac are laying the groundwork for improvements in three underserved housing markets. The post FHFA Publishes GSE Goals for Market Improvements appeared first on DSNews. The post FHFA Publishes GSE Goals for Market Improvements appeared first on Appraisal Buzz.

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GoForrmz

MAY 19, 2021

Adding new users to your GoFormz account is easy Adding new users to your GoFormz account improves collaboration and communication. With more users in your GoFormz account, your team can automate the completion of common daily tasks, like dispatching forms pre-filled with project data, routing completed forms, gathering timesheets, and more. To add a new user to your GoFormz account simply follow the instructions below (please note that you must have Admin permissions to add a new user): Login t

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Appraisal Buzz

MAY 19, 2021

Fannie Mae and Freddie Mac have issued proposals outlining their objectives and activities to implement advancements in the manufactured housing, affordable housing, and rural housing markets. The post GSEs Submit Plans to Serve the Underserved appeared first on theMReport.com. The post GSEs Submit Plans to Serve the Underserved appeared first on Appraisal Buzz.

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Housing Market Appraisal Marketing 195

BiggerPockets

MAY 19, 2021

The financial media has been inundated with strong economic news lately. Now would be a good time to take a step back, put it all into context, and think about what the longer-term picture might be telling us.

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Appraisal Buzz

MAY 19, 2021

Many believe that they have the upper hand if they list their home soon, and market studies show they are probably correct. The post Savvy Homeowners Aim to Profit in Strong Sellers’ Market appeared first on DSNews. The post Savvy Homeowners Aim to Profit in Strong Sellers’ Market appeared first on Appraisal Buzz.

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Sellers Marketing Appraisal 195

BiggerPockets

MAY 19, 2021

There has been a great feud between Brittany Arnason and Host of the BiggerPockets Podcast, Brandon Turner. Both of them have done lots of renovations on houses, secured millions in […].

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Renovations Investors Real Estate 72

Appraisal Buzz

MAY 19, 2021

Birchwood joined with the New England Mortgage Banker’s Conference to help build and donate a specially adapted custom home. The post Birchwood Credit Services and NEMBC Help Provide Wounded Vet Housing appeared first on DSNews. The post Birchwood Credit Services and NEMBC Help Provide Wounded Vet Housing appeared first on Appraisal Buzz.

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Valuation Review

MAY 19, 2021

The Mortgage Bankers Association’s monthly CREF Loan Performance Survey showed delinquency rates for mortgages backed by commercial and multifamily properties decreased in April. Read on to learn more.

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Mashvisor

MAY 19, 2021

As part of a major licensing department overhaul, landlords in the Denver real estate market will now be required to obtain licenses for long-term rentals.

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Landlords Real Estate Marketing Inspection 74

Valuation Review

MAY 19, 2021

Fundamental Underwriters, a specialty managing general underwriter with expertise in mid-market trucking insurance, has formed a partnership with Snapsheet, a pioneer in virtual appraisals, to utilize its appraisal services. Read on for more information.

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Insurance Appraisal Marketing 60

BiggerPockets

MAY 19, 2021

Focusing on one thing at a time increases productivity. Here's why the idea of work-life balance not only doesn't work—it may be downright dangerous.

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Development 70

Valuation Review

MAY 19, 2021

Anow powered by Voxtur, an artificial intelligence optimized valuation platform for the global appraisal market, hit a major milestone with 2,000 appraisals processed through its exclusive express order program, the company announced in a release. Read on to learn more.

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Appraisal Process Valuation Appraisal Marketing 60

Clear Capital

MAY 19, 2021

We have all heard about racial bias, but are you aware if it is in your own data? Is it possible your data is biased and you don’t know it? This webinar brings light to this issue and offers some ways to perform your own analysis to find out. It will also address common occurrences that may create an experience of bias for the borrower, and the importance of diversifying the appraiser workforce.

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Valuation Review

MAY 19, 2021

Accurate Group, a provider of technology-driven real estate appraisal, title data, analytics and eClosing solutions, recently acquired Coast to Coast Title & Escrow (CTC), a real estate title and closing company. The acquisition of CTC further expands Accurate Group’s local presence in the fast-growing southeast U.S., strengthens its national title insurance and closing capabilities and broadens its title and closing technology platform and loan origination system integrations, the company s

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Mashvisor

MAY 19, 2021

In North Carolina, approximately 25% of renter households cannot afford 190,910 rental homes on the market.

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Valuation Review

MAY 19, 2021

BBG appraisers Mary Ann Barnett and John Wright Jr., in an article titled “Converting Hotels into Multifamily Properties Can Improve Housing Affordability,” provided insight on the topic. There are other uses for hotel properties because of COVID-19, and both appraisers addressed that in detail. Read on for more.

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Mortgagebroker News

MAY 19, 2021

Higher price-to-earnings ratios will be an ongoing concern for decades, at least

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On Q Financial

MAY 19, 2021

If you’ve recently considered an FHA or VA loan, you may want to revisit our requirements. We at On Q Financial are proud to announce we are making our mortgages even more accessible by reducing our FICO credit score requirements to 530! We believe in making the dream of homeownership a reality for everyone, and by reducing our requirements, we are ensuring more borrowers have a chance to qualify.

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