Housing Wire
JUNE 22, 2021
The question on everyone’s minds: When will this hot housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review. We’ve broken down some of the data below, but be sure to take a deeper dive into the report by clicking here. The post Will we ever see a “normal” housing market again? appeared first on HousingWire.
Appraisal Buzz
JUNE 22, 2021
The number of new forbearance requests remained low this past week, and overall, the share of mortgage loans in active forbearance dropped by 11 basis points from 4.04% of servicers’ portfolio volume to 3.93% during the week ending June 13, according to the weekly forbearance report from Mortgage Bankers Association (MBA). That leaves some 2 … The post New Forbearance Requests Remain Extremely Low appeared first on DSNews.
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Housing Wire
JUNE 22, 2021
Crazy. Horrible. Grueling. These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin reported earlier this month that the national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year.
Appraisal Buzz
JUNE 22, 2021
Existing-home sales dipped 0.9% in May compared with April, mainly due to limited supply and rising home prices, according to the National Association of Realtors (NAR). It was the fourth consecutive month that existing-home sales declined. Year-over-year, sales were up 44.6%, however, home sales in May 2020 were severely impacted by the pandemic. Regionally, and month over month, existing-home sales fell 0.4% in the South, 1.4% in the Northeast, and 4.1% in the West.
Housing Wire
JUNE 22, 2021
Existing home sales fell for the fourth consecutive month in May, down.9% from April to 5.8 million, the National Association of Realtors reported on Tuesday. According to the NAR, despite existing home sales falling, activity is slowly approaching pre-pandemic levels. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition.
The Appraiser Coach
JUNE 22, 2021
I love having the opportunity to get involved with other appraisers and to assist them in moving their businesses to the next level. I’ve been doing a lot of one-on-one. Read More.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
JUNE 22, 2021
ChainLogix Mortgage Solutions has named Tim Moreland senior vice president of operations and strategic business development, focused on meeting the company’s strategic objectives in these areas for ChainLogix’s mortgage business. Moreland has over two decades of experience in the mortgage industry. He previously held the position of senior vice president, global operations, at Sourcepoint Mortgage.
Housing Wire
JUNE 22, 2021
The forbearance rate is officially below 4% for the first time in a year. Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. The MBA now estimates 2 million homeowners are still in some form of a forbearance plan. In addition to last week’s drop, every investor category experienced some form of decline.
Appraisal Buzz
JUNE 22, 2021
Panel examines mitigating flood risk through the National Flood Insurance Program and new pricing methodology as a result of Risk Rating 2.0. The post Senate Hearing Addresses Flood Insurance appeared first on DSNews. The post Senate Hearing Addresses Flood Insurance appeared first on Appraisal Buzz.
Housing Wire
JUNE 22, 2021
Austin, Texas-based Enverus announced its acquisition of Integrity Title Company , a provider of title plant access in Texas and New Mexico. In a statement, Enverus said it plans to integrate Integrity Title’s technology into a new online platform called Integrity Title Plants. Scott Luna, Integrity Title director, said the company’s plant databases currently cover 92 title plant counties in Texas and 15 title plant counties in New Mexico.
Appraisal Buzz
JUNE 22, 2021
New partnership established to reduce friction for borrowers and lenders, and provides expanded access to pricing workflows to enhance productivity. The post Lodasoft Integrates With Optimal Blue PPE appeared first on theMReport.com. The post Lodasoft Integrates With Optimal Blue PPE appeared first on Appraisal Buzz.
Midtown Appraisal Group
JUNE 22, 2021
Until the pandemic, like many appraisers, I often didn’t interact with property owners during the appraisal process: A financial institution would call with an appraisal request, I’d make arrangements with the real estate agent to pick up the keys or access the lockbox, and do the inspection when the owners or residents were at work. […].
Appraisal Buzz
JUNE 22, 2021
Chairwoman of the House Financial Services Committee issues letter to federal agencies requesting additional time for at-risk borrowers. The post Waters Seeks Extension of Federal Foreclosure Moratoria appeared first on DSNews. The post Waters Seeks Extension of Federal Foreclosure Moratoria appeared first on Appraisal Buzz.
BiggerPockets
JUNE 22, 2021
Good property management is essential to good tenant relationships and business success. It can lower the investment risk and maximize the return on investment. In fact, for some landlords, investing in a property management software system is one of the best things they did to grow their portfolio.
Appraisal Buzz
JUNE 22, 2021
Rep. Maxine Waters issues letter requesting extended foreclosure protections as moratoria are set to expire. The post Agencies Asked to Prolong Pandemic Homeowner Protections appeared first on theMReport.com. The post Agencies Asked to Prolong Pandemic Homeowner Protections appeared first on Appraisal Buzz.
Mashvisor
JUNE 22, 2021
If you’re a property manager in need of a change, or an aspiring property manager looking for employment, we’ve compiled a list of the 4 best property management companies to…
Appraisal Buzz
JUNE 22, 2021
The Chief Economist at Fannie Mae predicts that the market’s supply and demand problem “will soon reveal itself within inflation measures.” The post Housing a ‘Meaningful Driver of Inflation’ into 2022 appeared first on theMReport.com. The post Housing a ‘Meaningful Driver of Inflation’ into 2022 appeared first on Appraisal Buzz.
Mashvisor
JUNE 22, 2021
It’s common knowledge that investing in the short-term rental market is one of the best ways to make money in real estate.
Appraisal Buzz
JUNE 22, 2021
I love having the opportunity to get involved with other appraisers and to assist them in moving their businesses to the next level. I’ve been doing a lot of one-on-one … Read More. The post Wealth and Why appeared first on Appraisal Buzz.
Lamacchia Realty
JUNE 22, 2021
Lamacchia Adjusts Compensation Model to be Even More Generous. Effective yesterday, a new split ladder is in place at Lamacchia Realty that makes it easier for agents to rise to the next level and get a raise even faster. These changes were made across the board in an open and transparent manner, which is customary at Lamacchia. This change comes almost a year after other adjustments were made last July to put more money in agent’s pockets when the company announced higher splits and lower fee
Appraisal Buzz
JUNE 22, 2021
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?
McKissock
JUNE 22, 2021
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?
Appraisal Buzz
JUNE 22, 2021
Department publishes notice regarding $2 billion in grants and funds to assist hurricane stricken areas. The post HUD Continues Disaster Recovery Efforts for Puerto Rico and USVI appeared first on DSNews. The post HUD Continues Disaster Recovery Efforts for Puerto Rico and USVI appeared first on Appraisal Buzz.
Mortgagebroker News
JUNE 22, 2021
Observers are warning of some alarming trends taking shape at the moment
Appraisal Buzz
JUNE 22, 2021
Inventory is low, median prices are high, foreclosures and short sales are minimal—but economists expect some of that to change in the coming months. The post Home Sales Return to Pre-Pandemic Levels appeared first on DSNews. The post Home Sales Return to Pre-Pandemic Levels appeared first on Appraisal Buzz.
BiggerPockets
JUNE 22, 2021
The hit reality series claims to depict the the true lives of real estate agents. But is that depiction fair? We break down reality vs. fiction.
Appraisal Buzz
JUNE 22, 2021
Experts expect the supply situation to improve, which “will give buyers more options and help tamp down record-high asking prices for existing homes.” The post Lack of Inventory Holds Back Home Sales appeared first on theMReport.com. The post Lack of Inventory Holds Back Home Sales appeared first on Appraisal Buzz.
Mortgagebroker News
JUNE 22, 2021
One broker says the current pace of the housing market is the "perfect environment"
Berkshire Hathaway
JUNE 22, 2021
It’s officially summer, and that means spending more time outdoors! Though a lot of outdoor activities tend to focus on equipment that needs to be kept in your garage, and if you have to dig through clutter to find your tent, or the kids can’t get their bikes out of the garage due to clutter than that can put a damper on everyone’s summer fun.
Will Springer Realtor
JUNE 22, 2021
When you think of Seattle – and the Pacific Northwest, for that matter – the Space Needle usually comes to mind as a regional landmark and welcoming symbol in the sky for more than a half-century. It’s the city’s modern-day lighthouse and beacon of pride for our community. The rich history of the Needle is well documented – including the observation deck 520 feet into the sky, with 360-degree views built for the 1962 World’s Fair.
Quicken Loans
JUNE 22, 2021
In order to get preapproved for a mortgage , your mortgage lender will need to verify your income and asset information to determine how much home you can afford and the interest rate you’ll pay on the loan. While it might seem a bit taxing to provide all this documentation, it benefits you in the end, as you won’t end up with a monthly mortgage payment that you can’t afford.
Mortgagebroker News
JUNE 22, 2021
The substantial investment is aimed at providing low-cost units for the area’s most in-need individuals
Property Metrics
JUNE 22, 2021
Whether you work at a financial institution, develop real estate , invest in property, or act as a broker, there’s a common thread that binds all facets of the real estate world together. It’s highly likely that you have one or more financial products like a credit card, debit card, deposit account, car loan, commercial real estate loan, and/or checking account.
Mortgagebroker News
JUNE 22, 2021
He is one of three embroiled in allegations
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