Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. (MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. We also use the MLS to analyze the market trends and to make market-based adjustments for things such as changes in sales prices, as well as features of a home that have a major impact on market value, like finished square footage, bedroom, and bathroom

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Agents Appraisal Renovations Development 374

Housing Wire

SEPTEMBER 3, 2021

Whether you’re a tax assessor, collector, title company, originator or loan servicer, there is no unified source of truth pertaining to ever-changing collateral characteristics and risks. There needs to be better visibility and insight into those changes across the ecosystem. CoreLogic’s DigitalTax Portfolio Monitoring is powered by the company’s data, which is backed by a set of people who are dedicated in partnering with various types of government entities to procure more robust data sets, mo

Mortgage 351

Mortgage Government 351

Appraisal Buzz

SEPTEMBER 3, 2021

Black Knight estimates that nearly 630,000 forbearance plans, more than one-third of those currently active, are slated for review this month. Of those, 400,000 will have reached the end of their 18 months of forbearance eligibility unless the maximum term is extended again. The end of August saw a significant decline in forbearance numbers as servicers worked through the month’s crop of three-month reviews.

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Marketing Appraisal 195

Eyes on Housing

SEPTEMBER 3, 2021

Total payroll employment rose by 235,000 in August, marking a significant slowdown from the previous month. Meanwhile, the unemployment rate dropped to 5.2% in August, the lowest point during the pandemic. In August, residential construction employment rose by 17,400, while non-residential construction lost 20,300 positions, reflecting declines in builders (-2,800), nonresidential specialty trade contractors (-9,200) and heavy and civil engineering.

Construction 137

Construction 137

Appraisal Buzz

SEPTEMBER 3, 2021

An analysis of Census Bureau data has found that older homeowners are heading to the Sunshine State, while younger homeowners are calling the Lone Star State “home.”. The post Where Are Older and Younger Americans Settling? appeared first on theMReport.com. The post Where Are Older and Younger Americans Settling? appeared first on Appraisal Buzz.

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Appraisal 195

Eyes on Housing

SEPTEMBER 3, 2021

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 76.3% of new home sales in the second quarter of 2021—the largest share since the beginning of the Great Recession in 2008. The share of sales backed by conventional loans in Q2 2021 increased 5.1 percentage points (quarter-over-quarter) from.

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Finance Lending Marketing Mortgage 134

Mashvisor

SEPTEMBER 3, 2021

Timing matters in real estate investing. Those looking for vacation rental properties in which to invest should act now to find the best deals and best properties.

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Investing Real Estate Investors 76

Appraisal Buzz

SEPTEMBER 3, 2021

A new study ranks three separate cities in Virginia as the best places for first-time homebuyers. The study compares 300 cities of varying sizes, scoring them in 22 separate categories. The post Virginia Tops List for First-Time Homebuyers appeared first on theMReport.com. The post Virginia Tops List for First-Time Homebuyers appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

BiggerPockets

SEPTEMBER 3, 2021

This week’s question comes from Rhett on the Real Estate Rookie Facebook Group. Rhett is asking: How do you inform an inherited tenant of changes in ownership after you close […].

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Tenants Real Estate 69

Appraisal Buzz

SEPTEMBER 3, 2021

With a state motto like “Virginia is for Lovers,” a new study has found that first-time buyers are also falling for its cities of Chesapeake, Hampton, Virginia Beach, and Norfolk. The post Which State is Attracting First-Time Buyers in Droves? appeared first on DSNews. The post Which State is Attracting First-Time Buyers in Droves? appeared first on Appraisal Buzz.

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Buyers Appraisal 195

Lamacchia Realty

SEPTEMBER 3, 2021

Laurie Howe Bourgeois has officially qualified for the prestigious distinction of President’s Club ELITE status for 2021! Laurie accomplished this impressive feat by selling over 50 homes in one year! This is an outstanding accomplishment, especially considering it is only September. After joining the company in May 2019 when the Leominster office opened its doors, Laurie quickly rose to the top.

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Realty Agents Realtors Clients 68

Appraisal Buzz

SEPTEMBER 3, 2021

Researchers say the “breakneck pace of home price growth has likely peaked.” Here’s what else pundits predict in coming months. The post Housing Market Finding More Balance appeared first on DSNews. The post Housing Market Finding More Balance appeared first on Appraisal Buzz.

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Housing Market Marketing Appraisal 195

Lamacchia Realty

SEPTEMBER 3, 2021

Lamacchia Realty, Inc. has released their “Top Producing Agents,” for August 2021! This program recognizes Lamacchia Realty agents with the Top 10 agents by company and Top 3 or 5 agents by office with the highest transaction numbers or sales for the month! August 2021 Winners of the Top 10 for the Company are: Paul J. Cervone is a licensed Realtor in Massachusetts and New Hampshire and is a National Military Relocation Professional.

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Realty Agents Real Estate Realtors 67

Appraisal Buzz

SEPTEMBER 3, 2021

Mom and pop landlords have been forgoing maintenance due the eviction moratorium, as a new study reports that 28% of landlords were found deferring maintenance on at least one of their units during the pandemic. The post The Pandememic’s Toll on Small Landlords appeared first on DSNews. The post The Pandememic’s Toll on Small Landlords appeared first on Appraisal Buzz.

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Landlords Appraisal 195

Kairos Appraisal Services

SEPTEMBER 3, 2021

Appraisal Management Companies (AMCs) are one of the newest additions to the real estate industry. AMCs were created from Dodd-Frank to separate mortgage brokers from appraisers, protect the market from inflated and/or biased values, and facilitate the entire appraisal process. In addition to managing the appraisal process, AMCs must also consider the perspectives and needs… The post What AMCs Do and Don’t Do in the Appraisal Process appeared first on Kairos.

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Appraisal Process Appraisal Real Estate Mortgage 52

Appraisal Buzz

SEPTEMBER 3, 2021

The wealth-building effect of home equity is a powerful factor in the homeownership decision. The post Analysis: The Benefits of Homeownership appeared first on theMReport.com. The post Analysis: The Benefits of Homeownership appeared first on Appraisal Buzz.

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Appraisal 195

Cornerstone

SEPTEMBER 3, 2021

Reading Time: 4 minutes. Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Appraisal Buzz

SEPTEMBER 3, 2021

After its latest additions, non-QM mortgage lender has opened 13 branches nationwide over the past eight months. The post Angel Oak Continues Expansion With Four New Branches appeared first on theMReport.com. The post Angel Oak Continues Expansion With Four New Branches appeared first on Appraisal Buzz.

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Appraisal Mortgage 195

Mortgagebroker News

SEPTEMBER 3, 2021

Lendesk's Tesla Giveaway is in the home stretch, but with only three steps involved, it could be anyone's

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Appraisal Buzz

SEPTEMBER 3, 2021

Economists examine areas where property owners have the most negative equity, a situation that potentially could create a foreclosure “blip.” The post Potential Distressed Home Sales Hotspots appeared first on DSNews. The post Potential Distressed Home Sales Hotspots appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Mortgagebroker News

SEPTEMBER 3, 2021

Significant challenges remain in the adoption of cryptocurrency for mortgages

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Mortgage 63

Appraisal Buzz

SEPTEMBER 3, 2021

The House Financial Services Committee will discuss legislation Rep. Maxine Waters’ measure to provide expedited aid to the nation’s at-risk renters facing eviction. The post The Week Ahead: The Push to Expedite Emergency Rental Assistance appeared first on theMReport.com. The post The Week Ahead: The Push to Expedite Emergency Rental Assistance appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Mortgagebroker News

SEPTEMBER 3, 2021

The association's president and CEO weighs in on the debate unravelling in the mortgage industry

Mortgage 57

Mortgage 57

Appraisal Buzz

SEPTEMBER 3, 2021

The share of on-hold mortgages decreased the last week of August, but servicers face the real test, an anticipated 400k exits, in September. The post Market Bracing for Wave of Forbearance Plan Expirations appeared first on DSNews. The post Market Bracing for Wave of Forbearance Plan Expirations appeared first on Appraisal Buzz.

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Marketing Appraisal Mortgage 150

Mortgagebroker News

SEPTEMBER 3, 2021

The city is seeing the beginnings of conditions similar to those in the top markets, real estate board says

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Real Estate Marketing 45

Appraisal Buzz

SEPTEMBER 3, 2021

This week, the latest installment in the DS News Webinar Series will be held on September 9, detailing how B2B integration can increase efficiency and provide value to organizations in the servicing space. The post The Week Ahead: B2B Integration in the Servicing Space appeared first on DSNews. The post The Week Ahead: B2B Integration in the Servicing Space appeared first on Appraisal Buzz.

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Appraisal 195

Mortgagebroker News

SEPTEMBER 3, 2021

The market had an atypically busy August, real estate board says

Housing Market 55

Housing Market Marketing Real Estate Business 55

Appraisal Buzz

SEPTEMBER 3, 2021

Wells Fargo Foundation is dedicating $350,000 to support the American Red Cross and local non-profits to provide assistance to communities hit hardest by Hurricane Ida. The post Wells Fargo Supports Hurricane Ida Relief Efforts appeared first on theMReport.com. The post Wells Fargo Supports Hurricane Ida Relief Efforts appeared first on Appraisal Buzz.

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Appraisal 195

Mortgagebroker News

SEPTEMBER 3, 2021

The collaboration is intended to boost the tech provider's future growth

Mortgage 51

Mortgage 51

Housing Wire

SEPTEMBER 3, 2021

Before Hurricane Ida made landfall in New Orleans, many of the city’s lower-income homeowners were already struggling. Of the 35,380 Federal Housing Administration -insured loans in New Orleans, 17.9%, or 6,600, were delinquent as of August, per an analysis of Department of Housing and Urban Development data from the American Enterprise Institute. That puts it behind only a handful of other cities in the country in delinquent share of loans.

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Insurance Mortgage Tools Development 365

REX Real Estate

SEPTEMBER 3, 2021

Selling a home is a multistep process, whether it’s your first home or your…

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Housing Wire

SEPTEMBER 3, 2021

The past 18 months have been full of twists and turns for the housing economy. From record low interest rates to inventory shortages and soaring home prices, the pandemic has been keeping the industry on its toes. That’s why HousingWire asked Lead Analyst Logan Mohtashami to speak on the economics of housing at HW Annual, where he will share his forecast of what to expect next. .

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Real Estate Inventory Technology Valuation 395

Appraisal Buzz

SEPTEMBER 3, 2021

On Wednesday, September 22, 2021, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Fannie Mae Q3 2021 Appraisal Update.” In this special interactive webinar, Fannie Mae’s Single Family Risk Management team members will provide an update on the UAD and Forms Redesign initiative, share insight into the referral process to state appraisal boards, cover recent policy updates impacting appraisers, highlight our new Accessory Dwelling Unit elearning course, and more

Appraisal 195

Appraisal 195

Housing Wire

SEPTEMBER 3, 2021

The U.S. economy produced just 235,000 new jobs in August, far below economists’ expectations of 725,000 jobs. It was the slowest month of growth since January 2021. Roughly one million jobs were produced in the months of both June and July. “There’s no question that the Delta variant is why today’s job report isn’t stronger,” President Joe Biden said Friday.

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Construction Retail Business Mortgage 352