Tue.Jun 29, 2021

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Housing inventory is about to get better — here’s why

Housing Wire

With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through in the housing market. The first thing that pops into my shriveled brain is how the housing market looked in February of 2020. Data from that month showed that housing was breaking out — but because we received this data in March of 2020, we were all too busy trying to survive to take

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Ginnie Mae Introduces New Payment Reduction Options

Appraisal Buzz

Through a new pool type, Ginnie Mae deepens its commitment to a balanced and equitable housing finance system. The post Ginnie Mae Introduces New Payment Reduction Options appeared first on DSNews. The post Ginnie Mae Introduces New Payment Reduction Options appeared first on Appraisal Buzz.

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Case-Shiller: April home price increase ‘truly extraordinary’

Housing Wire

Home prices in April saw an annual gain of 14.6% in April — up from a 13.3% increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Index, called April’s gain “truly extraordinary,” as home price gains have been expanding for the last 11 months. “The 14.6% home price gain in the National Composite is literally the highest reading in more t

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Be Nice or Be Quiet

The Appraiser Coach

Back in the 1980’s an American minister by the name of Robert Fulghum published a series of essays in a book titled All I Really Need To Know I Learned. Read More.

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House price increases still growing: FHFA

Housing Wire

The Federal Housing Finance Agency (FHFA) found that house prices across the nation rose 16% from April 2020 to April 2021. From March to April, house prices across the nation rose 1.8%, surpassing the previous month’s 1.6% increase. Three regions — the Pacific coast, the western states and New England — saw more pronounced year over year increases.

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FHFA Increases Post-Foreclosure and REO Eviction Moratoria Protections

Appraisal Buzz

Following rules implemented by the CFPB, the FHFA has taken action to further shelter homeowners from foreclosure and eviction actions by mandating increased consumer protections. The post FHFA Increases Post-Foreclosure and REO Eviction Moratoria Protections appeared first on DSNews. The post FHFA Increases Post-Foreclosure and REO Eviction Moratoria Protections appeared first on Appraisal Buzz.

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More Trending

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No, FHA Won't Be Offering 40 Year Loans; Staggering Home Prices; Rates Inch Lower

Appraisal Buzz

Ginnie Mae sent out a press release last week could create some confusion for those readers who only skimmed the lede. The opening paragraph states that the agency is creating a new pool of mortgages for securitization on the secondary market. The pool, to be known as Pool Type C-ET, will contain loans with terms up to 40 years while the current set of pool types only supports loans with 30 year or shorter terms.

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Are higher-risk homes cheaper?

Housing Wire

The threat of natural hazard risk in United States is on the rise. According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. This is nearly 150% more than the average of 16.2 events for the most recent five years, and three times the average of 7.1 events for the past 40 years.

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Short Supply and High Demand Push Home Prices Upward

Appraisal Buzz

As home prices show gains yet again, continued low rates are propelling buyers to jump into a market short on listings. The post Short Supply and High Demand Push Home Prices Upward appeared first on DSNews. The post Short Supply and High Demand Push Home Prices Upward appeared first on Appraisal Buzz.

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Consumer Confidence Rises to Highest Level since March 2020

Eyes on Housing

Consumer confidence continued its upward trend and approached to pre-pandemic level in May, as consumers became more upbeat about the current and future economic conditions and job market. Though short-term inflation expectations increased, it had little impact on consumer confidence or spending intentions. The share of consumers planning to buy homes, cars, and major appliances all increased, suggesting consumers will.

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Be Nice or Be Quiet

Appraisal Buzz

Back in the 1980’s an American minister by the name of Robert Fulghum published a series of essays in a book titled All I Really Need To Know I Learned … Read More. The post Be Nice or Be Quiet appeared first on Appraisal Buzz.

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Reports: A few items for appraisers to consider

Valuation Review

In today’s uptick market, appraisers face a variety of challenges stemming from client expectations and from regulatory agencies. These challenges include myriad revision requests attributed to the slightest of details that go overlooked to answering inquiries or complaints from state regulators, GSEs, Investors and Mortgage Insurers, just to name a few.

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Millennials Have Delayed Homeownership, Still Drive the Market

Appraisal Buzz

A report reveals that 24-40-year-olds are narrowing an existing cross-generational gap as they move into a new phase of their lives. The post Millennials Have Delayed Homeownership, Still Drive the Market appeared first on theMReport.com. The post Millennials Have Delayed Homeownership, Still Drive the Market appeared first on Appraisal Buzz.

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FAQs About Appraising Solar Panels

McKissock

Solar panels and green homes are becoming increasingly common in the marketplace. If you’ve seen a rise in solar PV systems in your area, consider taking the first steps toward competency in the valuation of this energy-efficient feature of real estate. Below you’ll find answers to some frequently asked questions about appraising solar panels. Interested in appraising green homes?

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FAQs About Appraising Solar Panels

Appraisal Buzz

Solar panels and green homes are becoming increasingly common in the marketplace. If you’ve seen a rise in solar PV systems in your area, consider taking the first steps toward competency in the valuation of this energy-efficient feature of real estate. Below you’ll find answers to some frequently asked questions about appraising solar panels. Interested in appraising green homes?

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How Much Money Do You Really Need to Invest in Real Estate?

BiggerPockets

Some of the perks of investing in real estate are capital preservation, cash flow, property appreciation, tax benefits—all words that are music to an investor’s ears. But how much money to start investing is actually needed to make a minimum investment?

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Women in Housing Leadership Awards Nominations Now Open

Appraisal Buzz

Female pioneers in the mortgage space will be recognized at a special awards luncheon in September at the in-person 2021 Five Star Conference and Expo. The post Women in Housing Leadership Awards Nominations Now Open appeared first on DSNews. The post Women in Housing Leadership Awards Nominations Now Open appeared first on Appraisal Buzz.

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ClearCast Podcast E16 — Kukun Founder & CEO Raf Howery

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. Jeff and Kenon check in with each other. They discuss Propy’s historic auction of the world’s first real estate NFT. Jeff delivers a larger-than-life Real Estate Joke of the Pod. They interview Kukun Founder & CEO Raf Howery. Watch ClearCast episode 16. Listen to ClearCast episode 16.

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Five Star Institute to Honor Female Trailblazers at Annual Conference

Appraisal Buzz

Coming this September, the 2021 Women in Housing Leadership Awards will be presented as part of Five Star’s Conference and Expo in Dallas, as nominations are now open for these prestigious accolades. The post Five Star Institute to Honor Female Trailblazers at Annual Conference appeared first on theMReport.com. The post Five Star Institute to Honor Female Trailblazers at Annual Conference appeared first on Appraisal Buzz.

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What Did COVID-19 Really Do to Rent Prices?

BiggerPockets

Many cities are seeing housing prices go through the roof, with double-digit year-over-year gains. But are rents keeping pace with property appreciation in the nation’s biggest metros?

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Homepoint Adds Local Support to National Platform

Appraisal Buzz

By incorporating Homepoint Amplify, the company reports it will help mortgage brokers deliver a more personalized customer experience. The post Homepoint Adds Local Support to National Platform appeared first on theMReport.com. The post Homepoint Adds Local Support to National Platform appeared first on Appraisal Buzz.

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Significant risks with post-pandemic “revenge spending”

Mortgagebroker News

Canadians should consider the impact on their long-term purchasing power and credit scores, financial institution says

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Home Prices Continue to Exhibit Record Gains

Appraisal Buzz

Buyer demand, coupled with a lack of inventory, continues to apply pressure on home prices—which are predicted to remain at double-digit increases through Q3. The post Home Prices Continue to Exhibit Record Gains appeared first on theMReport.com. The post Home Prices Continue to Exhibit Record Gains appeared first on Appraisal Buzz.

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Expert panel gives verdict on taxation’s impact on housing affordability

Mortgagebroker News

Observers say the federal government should consider an incentivizing approach rather than a punitive one

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Rookie Podcast 91: 8 Units, 10 Wholesale Deals, and $0 Spent on Marketing w/ @Liliinvests

BiggerPockets

Lili Thompson didn’t plan on getting into real estate investing, she was supposed to be a WNBA prospect. After tearing her ACL in college, she was brought onto the Harlem […].

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How interested are Canadians in buying a home right now?

Mortgagebroker News

Wide-ranging search engines are proving to be vital resources for many would-be buyers

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Avenue Bellevue: Refined, Contemporary Living in the Heart of the City

Will Springer Realtor

Bellevue is building for the future. The cavalcade of construction cranes across downtown is a measuring stick for the success and status that awaits this already rich and vibrant city. The headlines have touted the 2023 arrival of Link light rail that will shuttle passengers to and from their Eastside offices. Mostly under construction, the offices will tower high and far for workers in the tech, health-care and financial-services sectors, not to mention the many hospitality workers who will as

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What will happen next with Canada house prices?

Mortgagebroker News

One prominent broker says bidding remains fiercely competitive in her market

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Homepoint restructures operations, lays off workers

Housing Wire

Homepoint , the No. 3 wholesale lender in America , has reorganized its operations and sales personnel in a restructuring that will lead to the loss of potentially hundreds of jobs. On Monday, the Ann Arbor, Michigan-based lender said its new regionalized staffing model, dubbed “Homepoint Amplify,” has been rolled out to broker partners across the country and will create fewer touch points and greater efficiencies.

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CIBC’s Tal on what will stimulate inflation during the second half of 2021

Mortgagebroker News

It will be a critical factor in Canada's post-pandemic economic recovery

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Investing in a Single Family Home in 2021: The Complete Guide

Mashvisor

Investing in real estate is one of the most lucrative strategies to build wealth and attain financial security.

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CIBC on how the Bank of Canada should approach its rate adjustments

Mortgagebroker News

Canadian consumers, in general, are now highly sensitive to rate volatility

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Feds, CMHC announce investment in Vancouver Indigenous housing

Mortgagebroker News

Major property to be renovated and converted to supportive housing