Wed.Feb 02, 2022

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Mortgage apps climb 12% on spike in refi demand

Housing Wire

Mortgage applications increased 12% from the previous week due to a surprising uptick in demand for “refis” as borrowers try to secure a lower rate , according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 28. The seasonally adjusted Refinance Index rose 18.4% in the same period. Meanwhile, the Purchase Index increased 4%.

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An Interview with the President of The Appraisal Institute – Jody Bishop

Appraisal Buzz

[link]. Today’s Buzzcast interview is with Jody Bishop, the new President of The Appraisal Institute. We sat down with Jody and Joan Trice, Founder of Allterra Group, LLC to discuss what the outlook for the Appraisal Institute is for 2022 and what appraisers can expect from their initiatives. What are some of the changes in store this year for The Appraisal Institute?

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Old Republic produces third consecutive record-setting year

Housing Wire

A year of low mortgage rates and high demand for housing was certainly good for Old Republic International Corporation. During the firm’s fourth quarter earnings call on Thursday, Craig Smiddy, Old Republic’s president and CEO, announced that the firm’s pre-tax income, excluding investment gains, was $335.1 million for the fourth quarter and $1.16 billion for all of 2021, representing 20.7% and 40.2% year-over-year increases, respectively.

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Mortgage Applications Jumped 12% in Latest MBA Weekly Survey

Appraisal Buzz

Mortgage applications increased 12% from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending January 28, 2022. The Market Composite Index, a measure of mortgage loan application volume, increased 12% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 15% compared with the previous week.

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Pulte Group thrived in 2021, but it’s not celebrating

Housing Wire

Nothing much will change in 2022. That seemed the general prediction of Ryan Marshall, president and CEO of Pulte Group , one of the country’s most prolific homebuilders, during an earnings call Tuesday. On the one hand, homebuilders will continue to reap the fruits of record demand. On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand.

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The Housing Market Gained 6.9 Trillion in 2021

Appraisal Buzz

$43 trillion: that is the new value of the housing market as a whole, now double what it was since the lows of the post-recession market and the corresponding building slump of the early 2010s. According to Zillow, the housing market gained $6.9 trillion in value in 2021 increasing to $43.4 trillion throughout the year. It … The post The Housing Market Gained 6.9 Trillion in 2021 appeared first on theMReport.com.

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In 10 Years, the Housing Market Has Doubled

Appraisal Buzz

$43 trillion: that is the new value of the housing market as a whole, now double what it was since the lows of the post-recession market and the corresponding building slump of the early 2010s. According to Zillow, the housing market gained $6.9 trillion in value in 2021 increasing to $43.4 trillion throughout the year. It … The post In 10 Years, the Housing Market Has Doubled appeared first on DSNews.

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7 Tips: Negotiating Repairs After a Home Inspection

Raleigh Realty

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? Is the seller not willing to negotiate repairs? Here are strategies to help with your requests for negotiating repairs after a home inspection Negotiating repairs after a home inspection doesn't have to be difficult, especially when you follow these 7 tips When an offer is accepted on a home, it can be easy for both buyers and sellers to feel that they’re at the end of the finish line.

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Panorama Mortgage Taps Sarah Gonzalez as New President and COO

Appraisal Buzz

PMG transitions its leadership with addition of 20-plus-year industry veteran Sarah Gonzalez to deepen the firm’s scalability and accelerate growth. The post Panorama Mortgage Taps Sarah Gonzalez as New President and COO appeared first on theMReport.com. The post Panorama Mortgage Taps Sarah Gonzalez as New President and COO appeared first on Appraisal Buzz.

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Once Again, High Home Prices Are to Blame

Eyes on Housing

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the final quarter of 2021 have spent 3+ months searching for a home without success. The inability to find a home they could afford once again became the most common reason (41%) these long-time searchers could not buy a home. .

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Surefire CRM Integrates with Empower LOS for Mortgage Lenders

Appraisal Buzz

Surefire, Black Knight Inc. ’s customer relationship management (CRM) and marketing automation software, has been seamlessly integrated with its Empower LOS, an end-to-end loan origination platform. This “lights-out” integration will offer greater support for mortgage lenders to power retail, wholesale and direct-to-consumer channels through the loan application process and beyond.

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Homeownership Rate at 65.5% for Final Quarter 2021

Eyes on Housing

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.5% in the last quarter of 2021. In contrast to some data reporting in 2020 and earlier 2021, the last quarter of 2021 data collection was not affected by the pandemic, as in-person interview returned in all areas. The national homeowner vacancy rate stayed at a record.

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Despite Economic Impact of Pandemic, U.S. Homeownership Rate Basically Flat in 2021

Appraisal Buzz

The U.S. homeownership rate in the fourth quarter of 2021 was 65.5%, up slightly from 65.4% in the third quarter and down slightly from 65.8% in the fourth quarter of 2020, according to the U.S. Census Bureau. The national vacancy rate for homeowner housing was 0.9% – flat compared with the third quarter and down slightly from 1.0% in the fourth quarter of 2020.

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Veteran appraiser addresses barriers to success

Valuation Review

In his blog “Breaking Barriers to Success,” Dustin Harris (“The Appraiser Coach”) reminds appraisers of something most important in one’s business. He points out ways to block mental barriers to achieve high levels for success. Read on for more appraiser advice from Harris.

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HUD Releases $2 Billion-Plus for Disaster Recovery and Loss Mitigation

Appraisal Buzz

Allocation of federal funds to benefit disaster-stricken regions in 10 states covering 15 separate major disasters. The post HUD Releases $2 Billion-Plus for Disaster Recovery and Loss Mitigation appeared first on DSNews. The post HUD Releases $2 Billion-Plus for Disaster Recovery and Loss Mitigation appeared first on Appraisal Buzz.

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FAQ: How do I add an expiration date to my Public Form?

GoForrmz

Adding an expiration date to a Public Form is easy, and only takes a couple of steps to configure a shareable link Leveraging digital forms in your day-to-day operations is powerful enough – but add in our online form sharing feature, and your operation will be unstoppable. Collecting data is made simple with our Pubic Form feature, which allows users to share or post links to their mobile forms for individuals outside of their GoFormz account to fill out and complete.

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Spark in Refi and Purchase Apps Drives Volume Upward

Appraisal Buzz

As rates shift upward, eager buyers and refinance-seekers are locking in before this anticipated rise continues. The post Spark in Refi and Purchase Apps Drives Volume Upward appeared first on theMReport.com. The post Spark in Refi and Purchase Apps Drives Volume Upward appeared first on Appraisal Buzz.

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Grow Your Social Media and Digital Marketing Knowledge

McKissock

In today’s tech-savvy real estate world, a solid digital marketing strategy and a well-honed social media presence can make all the difference. Together, they can increase your brand awareness and, most importantly, deliver more qualified leads. In fact, according to a survey from the National Association of Realtors, real estate agents rank social media at the top of their lead generation tools, with 52 percent saying it’s the technology that’s given them the highest quality leads in the last y

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Cenlar Names Glen Vilim as Chief Talent Officer

Appraisal Buzz

Subservicer adds industry vet tasked with charting the company’s talent acquisition and succession planning. The post Cenlar Names Glen Vilim as Chief Talent Officer appeared first on DSNews. The post Cenlar Names Glen Vilim as Chief Talent Officer appeared first on Appraisal Buzz.

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NAR releases sustainability report

Valuation Review

The National Association of Realtors (NAR) has released a new report highlighting the association’s top sustainability accomplishments in 2021 within four categories: environment, social, governance and resilience. In the coming years, the annual report will offer a snapshot of NAR’s current state of sustainability activity, existing programs, resources and services.

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1004 Desktop appraisals: A monumental step forward for appraisal modernization

Clear Capital

What lenders should know about today’s Fannie Mae Selling Guide changes, and how Clear Capital can help. It’s an exciting time in the mortgage industry, especially for appraisals. Over the past few years, leading companies from across the industry have modernized and transformed how appraisals are manufactured to streamline the lending process and improve the borrower’s experience.

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Bradford Technologies provides free appraisal software for trainees

Valuation Review

Bradford Technologies now includes appraisal form-filling software for trainees at no additional cost with their ClickFORMS membership packages. Building an efficient and profitable appraisal business means leveraging the increased productivity of a team, the company said.

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Is Rentometer Accurate? And How Does it Compare to Mashvisor?

Mashvisor

If you’ve been looking for accurate real estate data that you’ll utilize to invest in real estate in 2022, you might have come across a website known as Rentometer.

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BBG appoints industry leader to drive expansion

Valuation Review

BBG has appointed an industry leader as senior managing director. The executive will be responsible for drive the firm’s expansion in Boston and elsewhere throughout New England. Read on to learn more.

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Oregon Housing Market Forecast 2022: Should You Invest?

Mashvisor

The housing market in Oregon is one of the most sought-after markets when it comes to making money in real estate.

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Veros: Expect slightly slower home-price growth in 2022

Valuation Review

Veros Real Estate Solutions released its Q4 2021 VeroFORECASTSM data that anticipates home prices will appreciate on average 6.8 percent for the next 12 months. This is a slightly less anticipated growth compared to its Q3 2021 predicted national average appreciation of 7 percent. Read on for more numbers from this report.

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BiggerPockets Podcast 566: 10 Properties in 8 Months by Saying “No” More Than “Yes” w/Jason Rash

BiggerPockets

How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be […].

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Resilience as an element of business success

Mortgagebroker News

Monica Chrysler of Sherwood Mortgage shares her experience as an influential woman in the industry

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Airbnb Leesburg FL: Should you invest in 2022?

Mashvisor

Investing in real estate can be one of the best ways for investors to generate money.

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New brokerage launches in Canada's commercial space

Mortgagebroker News

Founded by a prominent figure in the sector, the company is gearing up for a busy year ahead

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Price mirage

San Jose Real Estate

A price mirage happens when the list price of a home for sale is far below what the sale price will be. Right now this is a very common strategy from listing agents and sellers, and buyers need to know about it. Those homes are not really available to many of the home buyers who […].

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CHBA on Canadian home builders' confidence

Mortgagebroker News

The home-building industry continues to grapple with rising project costs and supply-chain issues

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MBA’s Mike Fratantoni on measuring mortgage competition

Housing Wire

Mortgage industry participants may disagree a great deal on several different topics. However, I expect that you would find no argument with the following statement: Mortgage lending is a highly competitive business. While the scope of the market, which totaled roughly $4 trillion in volume each of the past two years, might suggest abundant opportunities, loan officers and companies need to stay on their toes to survive, let alone thrive in this environment.

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Variable vs. fixed – which rate has the upper hand?

Mortgagebroker News

One option still has the edge in the rate debate, according to industry executive

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