Housing Wire
JULY 26, 2021
In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. According to the recent Census report, the three-month average is now at 5.53 months , which puts inventory right back into the range we had in the previous expansion.
Sacramento Appraisal Blog
JULY 26, 2021
Are prices finally starting to slow? Can it really be happening? Has the housing market likely peaked for the year? The answer is YES. Here are two quick things on my mind. These trends are for the Sacramento region, but I suspect many markets across the country are starting to show similar stats (or will […].
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Housing Wire
JULY 26, 2021
The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.
Appraisal Buzz
JULY 26, 2021
FinLocker and eCredable have joined forces to create eCredable LiftLocker , a program designed to help the “credit invisible” establish credit, thus paving the path to homeownership. FinLocker provides an end-to-end user experience that begins with helping the consumer understand their current financial situation, setting financial goals, monitoring their credit, shopping for an affordable home, and preparing for a digital mortgage closing. eCredable provides a complementary credit building serv
Housing Wire
JULY 26, 2021
Another week, another drop in forbearance volume. Servicers’ forbearance portfolio volume fell two basis points to 3.48% from 3.50% last week, according to a survey from the Mortgage Bankers Association. Approximately 1.74 million homeowners are in forbearance plans, the MBA reported. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased two basis points to 1.81%, and Ginnie Mae loans decreased one basis point to 4.35%.
Appraisal Buzz
JULY 26, 2021
As Baby Boomers age, and the strain on government resources tightens, the strategic use of home equity can help retirees cope, experts say. The post Senior Housing Wealth Hits Record High appeared first on theMReport.com. The post Senior Housing Wealth Hits Record High appeared first on Appraisal Buzz.
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Appraisal Buzz
JULY 26, 2021
The number of Americans in forbearance plans declined slightly last week, yet marked the 21st straight week of declines for this metric. The post Forbearance Rate Slows to 3.48% of Servicer’s Volume appeared first on DSNews. The post Forbearance Rate Slows to 3.48% of Servicer’s Volume appeared first on Appraisal Buzz.
Housing Wire
JULY 26, 2021
“I feel the need…the need for speed.” – Maverick (Top Gun). With the increasing “need-for-speed” at which the lending community moves, keeping up is a constant task that never gets any easier. New entrants continue to join the market with better technology and digital processes to simplify the loan process and provide fast closing experiences to meet consumer needs.
Appraisal Buzz
JULY 26, 2021
The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. This article addresses several issues with the real estate appraisal profession that are worthy of further examination and comment. The article accurately notes the lack of diversity in the appraisal profession.
Housing Wire
JULY 26, 2021
I have been following the discussion around the competitiveness, costs and consumer benefits of U.S. Multiple Listing Services (MLS) by those trying to disparage the system. As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. system has long been — and is still — viewed as the best by consumers around the world.
Appraisal Buzz
JULY 26, 2021
PERSON OF THE WEEK: The last year and a half has been a challenge for many workers in the mortgage industry. Across the board, individuals and teams have been impacted in myriad ways. Field sales has been particularly impacted, as face-to-face interaction is a critical element of successful sales. In an interview with MortgageOrb , Matt Young, senior vice president of sales at Enact (formerly Genworth Mortgage Insurance), discusses the challenges that the COVID-19 crisis.
Housing Wire
JULY 26, 2021
Kenneth Farmer has been named regional underwriting counsel for First American Financial Corporation’s gulf coast title insurance, the company recently announced. Farmer, who has been promoted from within, will continue to serve as state counsel for First American Title’s Mississippi operations while providing underwriting guidance and assistance to title agents in Mississippi, Alabama, Arkansas, Louisiana and Tennessee.
Appraisal Buzz
JULY 26, 2021
John Ligon to serve as consultant on advocacy, policy research, and executive management consulting for the affordable housing industry. The post US Housing Consultants Adds Former HUD Senior Policy Advisor appeared first on theMReport.com. The post US Housing Consultants Adds Former HUD Senior Policy Advisor appeared first on Appraisal Buzz.
McKissock
JULY 26, 2021
Ever wondered what it takes to work in real estate with celebrities? Being a celebrity real estate agent isn’t too different from working with clients who aren’t famous — but there are a few notable takeaways to focus on each time you have a celebrity client. Here are the main takeaways I’ve learned in the industry. 1. Privacy is always the best policy.
Appraisal Buzz
JULY 26, 2021
With demand for multifamily housing now exceeding pre-pandemic levels, Freddie Mac Multifamily’s midyear outlook is projecting rising rents, falling vacancies and a record-setting origination market in 2021. The projection is supported by continued strength across the Sun Belt and Midwestern markets, like Phoenix and Memphis, with larger coastal markets starting to see a slow recovery from the pandemic-driven downturn.
Valuation Review
JULY 26, 2021
Opteon, an international provider of valuation and advisory services, has acquired The William Fall Group and its related brands, Valuation Partners and Summit Valuation Solutions. The company said the acquisition is a strategic move to fortify its U.S. entity, Apex Appraisal Services. Read on for more information.
Appraisal Buzz
JULY 26, 2021
Real estate investors in Q2 purchased more homes than ever recorded by Redfin, which has been tracking the metric more than 20 years. The post Analysts: Investors Taking Housing Market By Storm appeared first on DSNews. The post Analysts: Investors Taking Housing Market By Storm appeared first on Appraisal Buzz.
Valuation Review
JULY 26, 2021
The CoreLogic Loan Performance Insights report updates its analysis through April 2021, which showed 4.7 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure. This represents a 1.4-percent decrease in the overall delinquency rate compared with April 2020. Read on to learn more from the report.
BiggerPockets
JULY 26, 2021
Although interest rates remain near historic lows, it’s important not to lose sight of how these low interest rates impact housing prices—especially as inflation threatens sooner-than-expected rate hikes.
Valuation Review
JULY 26, 2021
Sellers are returning to the housing market as the number of homes newly listed for sale surpassed 2019 levels for the first time since the start of the year, according to a new report from Redfin. Despite a long-awaited increase in the supply of homes for sale, homebuying demand continued to slip, leaving the market feeling a few degrees cooler. Read o n for more from Redfin.
BiggerPockets
JULY 26, 2021
As a serious investor, you will want to be aware of market sentiment. How are others feeling about the real estate market? Are they investing locally or looking for properties elsewhere? Do your research before investing in any one market.
Valuation Review
JULY 26, 2021
Hudson Realty Capital, a commercial real estate middle-market capital provider, has expanded its suite of debt and financing solutions to include Federal Housing Administration loans for commercial properties. The company’s official launch of the FHA division comes on the heels of its acquisition of Greater Southern Realty Capital in late 2020.
Mashvisor
JULY 26, 2021
Home to Napa Valley’s Wines, Silicon Valley’s technology, and Hollywood, California is the most populous state in the US.
Valuation Review
JULY 26, 2021
Accessory Dwelling Units (ADUs) are many state’s solution to affordable housing. Changes in state and local zoning regulation are taking place around the country to address affordable housing and looming shortages in more densely populated areas.
Mortgagebroker News
JULY 26, 2021
Frequently mentioned affordability solutions like rate hikes might prove to be cures worse than the disease, observer warns
CA Realty Training
JULY 26, 2021
By Elias Magers. If your client is buying a house with defects, they don’t have to stay silent. Nobody wants to buy a house with structural problems! Homebuyers can request house repairs before they buy it. Doing so is common across California. A buyer’s agent can issue the request for repairs during the transaction. When the deal closes, the buyer has a house they love, without the added need for repairs.
Mortgagebroker News
JULY 26, 2021
How internal diversity and inclusion initiatives translate to a better experience for talent, clients and broker partners
San Jose Real Estate
JULY 26, 2021
Does the exterior of a townhouse need to be inspected? If you are in the market to purchase a townhome, you may find that often the home and pest inspector are not including the outside areas such as the walls or roof. If you are preparing to sell your unit, you may be asked if […].
Mortgagebroker News
JULY 26, 2021
The oil and energy segment's top-heavy presence in the city is a major factor in the trend, Avison Young says
REX Real Estate
JULY 26, 2021
I think we can all agree that 2020 was a long year with more…
Mortgagebroker News
JULY 26, 2021
CMP spotlights 63 up-and-coming young professionals who are making waves in the Canadian mortgage industry
Housing Wire
JULY 26, 2021
New home sales continued to slip in June, falling 6.6% from May to a pace of only 676,000, according to a recent study from the U.S. Census. It’s the third straight month of decreases and the first annual decline since the start of the COVID-19 pandemic. June’s pace is also 19.4% below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price.
Mortgagebroker News
JULY 26, 2021
East Coast owner on the "unprecedented" housing and mortgage surge currently underway
Appraisal Buzz
JULY 26, 2021
With a 6.6% monthly drop-off, sales of new single?family homes fell in June, as builders continued to feel the squeeze of an uptick in labor and material costs. The post Supply Constraints Holding Back Potential Sales appeared first on theMReport.com. The post Supply Constraints Holding Back Potential Sales appeared first on Appraisal Buzz.
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