Thu.Jul 29, 2021

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Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. A former national security advisor in the Obama administration, Rice now chairs President Joe Biden’s Domestic Policy Council , which has broad authority to further the president’s domestic agenda.

Appraisal 545
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President Biden Pushes for Eviction Moratorium Extension

Appraisal Buzz

President Joe Biden on Thursday urged Congress to extend the eviction moratorium, set to expire Friday, also calling on the U.S. Departments of Housing and Urban Development, Agriculture, Veterans Affairs, local municipalities, and other agencies to do the same. The Biden Administration cannot enact an extension on its own due to a recent Supreme Court … The post President Biden Pushes for Eviction Moratorium Extension appeared first on DSNews.

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How Delta variant may impact housing market

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. He also addresses how he foresees the Delta variant impacting the housing market.

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White House Calls On Lawmakers to Renew Eviction Ban

Appraisal Buzz

President Biden turns to Congress and other agencies for support in extending expiring renter and homeowner protections. The post White House Calls On Lawmakers to Renew Eviction Ban appeared first on theMReport.com. The post White House Calls On Lawmakers to Renew Eviction Ban appeared first on Appraisal Buzz.

Appraisal 370
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Pending home sales dip as “seesaw” market continues

Housing Wire

Following a robust May, pending home sales declined in June. Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. The overall pending home sales index fell 1.9% to 112.8 in June, according to the National Association of Realtors , which tracks the metric.

Marketing 433
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SitusAMC Announces Partnership With String

Appraisal Buzz

New collaboration brings title services under the SitusAMC banner and expands the company’s India division. The post SitusAMC Announces Partnership With String appeared first on DSNews. The post SitusAMC Announces Partnership With String appeared first on Appraisal Buzz.

Appraisal 370

More Trending

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Avanze Bolsters Its Senior Leadership With Two New Hires

Appraisal Buzz

The addition of industry vets Rich King and Victor Lee helps expand Avanze’s footprint across the U.S. The post Avanze Bolsters Its Senior Leadership With Two New Hires appeared first on theMReport.com. The post Avanze Bolsters Its Senior Leadership With Two New Hires appeared first on Appraisal Buzz.

Appraisal 195
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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

An op-ed I wrote that appeared recently in HousingWire on the nature of nonbank mortgage company risks and Ginnie Mae ’s proposal to impose risk-based capital and liquidity requirements on their issuers highlighted nonbank lighter safety and soundness regulation as a concern for generally higher risk profiles of these firms relative to depositories. .

Sellers 414
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Pending Home Sales Fall 1.9% in June

Appraisal Buzz

Affordability remains a factor in the decision-making of home shoppers nationwide who would rather sit on the sidelines before committing to an overpriced market short on inventory. The post Pending Home Sales Fall 1.9% in June appeared first on DSNews. The post Pending Home Sales Fall 1.9% in June appeared first on Appraisal Buzz.

Inventory 195
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Ginnie Mae should protect smaller issuers

Housing Wire

Earlier this month, Ginnie Mae proposed significant increases in financial requirements for independent mortgage bank issuers and a new bank-like risk-based capital requirement. The Community Home Lenders Association (CHLA) acknowledges that Ginnie Mae has a responsibility to monitor the risk of its issuers. But, as the only national organization exclusively representing IMBs, CHLA is concerned that these changes could reduce access to mortgage credit, disproportionately affect smaller issuers,

Mortgage 393
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High Prices Are Causing Homebuyers to Retreat

Appraisal Buzz

A new study found that pending home sales fell in June, with record low rates not enough to a lure to potential homebuyers to a market currently experiencing a spike in prices. The post High Prices Are Causing Homebuyers to Retreat appeared first on theMReport.com. The post High Prices Are Causing Homebuyers to Retreat appeared first on Appraisal Buzz.

Appraisal 195
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Kudos: Houston-area Realtor plans to build community center, family park

Housing Wire

Texas-based Realtor Jordan Schilleci with her clients at Chicago Title for closing. While selling homes as a real estate agent in Spring, Texas, which is located in the Houston metro area, Jordan Schilleci felt something was missing — a place for people to gather and spend time together, like a recreation or community center. Such a place could be popular, especially following the lockdowns seen throughout the state as a result of the COVID-19 pandemic, Rather than wait for someone else to take

Realtors 370
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Homebot Names Jeff Marchetti VP of Large Account Enterprise Sales

Appraisal Buzz

Former Ellie Mae VP brings 20-plus years of experience to his new role, leading the drive to create client-for-life relationships. The post Homebot Names Jeff Marchetti VP of Large Account Enterprise Sales appeared first on theMReport.com. The post Homebot Names Jeff Marchetti VP of Large Account Enterprise Sales appeared first on Appraisal Buzz.

Clients 195
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United RE Q2 explosive growth driven by tech, low-fee+ brokerage model

Housing Wire

After spending a decade building a proprietary technology and productivity platform, United Real Estate Group is seeing its growth explode, according to Q2 2021 earnings report. Is technology finally providing the key to success? In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, there’s a new breed of low-fee brokerage (not to be confused with a discount brokerage which offers a low commission to buyers and sellers), that is a hybrid between

Brokerage 370
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Poll: Borrower Satisfaction Up, Could Be Short-Lived

Appraisal Buzz

Mortgage servicers scored points for assisting homeowners through forbearance, researchers say, but what happens when the marketplace stabilizes? The post Poll: Borrower Satisfaction Up, Could Be Short-Lived appeared first on DSNews. The post Poll: Borrower Satisfaction Up, Could Be Short-Lived appeared first on Appraisal Buzz.

Appraisal 195
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Housing Nearly 17% of GDP

Eyes on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing will continue to expand in 2021, although as the rest of the economy recovers, the.

Inventory 195
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Cherry Creek Mortgage Names Lorie Helms CTO

Appraisal Buzz

A 20-year mortgage technology veteran, Helms combines mortgage industry business experience with a background in IT management and operations into her new role. The post Cherry Creek Mortgage Names Lorie Helms CTO appeared first on theMReport.com. The post Cherry Creek Mortgage Names Lorie Helms CTO appeared first on Appraisal Buzz.

Mortgage 195
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GDP Back to Pre-Pandemic Level

Eyes on Housing

In the second quarter of 2021, real GDP surged and returned its pre-pandemic level as the economy continued to reopen. This quarter’s growth reflected strong gains for consumer and state and local government spending. However, the second quarter gain did come in below consensus estimates. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross.

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Investors Replenishing Housing Stock in 19 Major Markets

Appraisal Buzz

Professional buyers make for tough competition, but in cities including Dallas, Atlanta, and LA, they are selling more than they are acquiring. The post Investors Replenishing Housing Stock in 19 Major Markets appeared first on DSNews. The post Investors Replenishing Housing Stock in 19 Major Markets appeared first on Appraisal Buzz.

Investors 150
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3 Ways Today’s Insane Seller’s Market Is Actually Bad for Home Sellers—and How To Survive It

Realtor

In today's seller's market, desperate homebuyers will do just about anything to buy your home. This is good news for sellers, but does come with risks. The post 3 Ways Today’s Insane Seller’s Market Is Actually Bad for Home Sellers—and How To Survive It appeared first on Real Estate News & Insights | realtor.com®.

Sellers 157
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How Real Estate Investment is Affecting Housing Supply

Appraisal Buzz

In 31 of the top 50 markets, professional buyers are exacerbating the inventory shortage, but in a few major metros, the opposite is true. The post How Real Estate Investment is Affecting Housing Supply appeared first on theMReport.com. The post How Real Estate Investment is Affecting Housing Supply appeared first on Appraisal Buzz.

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The Loan Officer’s Guide to Appraisals Part 8:  Appraiser Bias – Not Just About Color

Riverfront Appraisals

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out. This month’s blog post will be a slight departure […].

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Mortgage Rates Shift Slightly Upward

Appraisal Buzz

After falling incrementally over the past month, mortgage rates climbed this week, yet remain below the 3% mark for the fifth consecutive week. The post Mortgage Rates Shift Slightly Upward appeared first on theMReport.com. The post Mortgage Rates Shift Slightly Upward appeared first on Appraisal Buzz.

Mortgage 195
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Home Price Increase: The Highest in More than 15 Years

Empire Appraisal Group

Home Price Increase: The Highest in More than 15 Years. Source: Home Price Increase: The Highest in More than 15 Years | Florida Realtors. AndreyPopov, iStock, Getty Images. JUNE 29, 2021. Share this article: Facebook Twitter LinkedIn Print Share. Home Price Increase: The Highest in More than 15 Years. By Christopher Rugaber. The April Case-Shiller home price report found prices rising at their highest pace since 2005, and the forces pushing prices higher offer “little evidence of abating.”.

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Types of Appraisals that are in High Demand Due to COVID-19

Appraisal Hub

The COVID-19 pandemic has made a significant impact on economies and businesses around the world. Lockdown measures have caused business closures and limited business activity. Many people lost their jobs—and this put homeowner who cannot keep up with their mortgage payments at risk of losing their property. Many families also found themselves forced to downsize, move, or change their lifestyle to cope with the new normal — and this often meant selling their house.

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Looking To Invest in Austin? This Agent Delivers the Deals

BiggerPockets

Foodies may know Austin, Texas, for its barbecue and Tex-Mex. But real estate investors know it as one of the hottest markets for small multifamily properties and suburban short-term rentals.

Agents 78
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Three Hot Topics Right Now in the Housing Market

Berkshire Hathaway

If you are looking to buy or sell a home this year it is important to really make sure that you understand what is going on in the real estate market now. To make it easy we found three hot topics that are affecting buyers and sellers at this very moment. Technology. Over the past year we have seen a lot of innovation come into the real estate space.

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Is Wholesaling Legal? It’s Complicated

BiggerPockets

One of the more hotly debated topics on BiggerPockets is concerning the legality of wholesaling. Laws on this are state-specific, which can be scary stuff for any wholesaler. Here's what to know.

Legal 71
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Remote Work Has Changed Our Home Needs, Does Your Home Now Need to Change Too?

Berkshire Hathaway

Even though many companies have had their employees head back to work, a lot of have made the switch to making remote working part of their company environment and due to that many homeowners have realized that they now need a more permanent space to set up their home office. Some homes can adapt, and a spare room or basement remodel can easily accommodate a new office space but for most their homes were already at capacity before the pandemic hit and they simply do not have the room to add a “d

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BiggerPockets Podcast 490: 7 “Ninja Tips” From One of Hawaii’s Largest Real Estate Investors

BiggerPockets

We all know that Hawaii is expensive. With its black sand beaches, fantastic surfing waves, and delicious poke bowls, why wouldn’t you want to live and invest there? Well, even […].

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Federal Reserve Press Release in Plain English – July 2021

Quicken Loans

The Federal Reserve kept short-term interest rates unchanged in their latest policy announcement yesterday. However, they made some statements about their mortgage-backed securities (MBS) purchases that could affect mortgage rates. Bottom line: If you see a rate you like and you’re ready, it’s a great time to take advantage and apply now. My analysis is in bold.

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7 Things To Know About Electric Vehicle Charging and Rental Properties

Mashvisor

Charging up an electric vehicle is a necessity for tenants who drive them. The idea seems simple. Just plug them in.

Tenants 74
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Multi-family operating firm reports Q3 robustness

Mortgagebroker News

The multi-family asset class continues to be one of Canada’s most attractive investment choices

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All you need to know about flood insurance in Florida

Lamacchia Realty

ALL YOU NEED TO KNOW ABOUT FLOOD INSURANCE IN FLORIDA. Flooding can happen at any moment and in any season, as we’ve witnessed in recent months and years. Floodwaters can wreak havoc on your property, causing significant and costly damage. You may have peace of mind knowing you’re making the right decisions for your family and property by understanding your home’s flood risk and flood insurance options.