Housing Wire

DECEMBER 20, 2022

The benefits of green building materials and practices have been discussed when creating our homes and workplaces for a while now. The COVID-19 pandemic required a light-speed adjustment in this direction, as our offices were locked down with stay at home orders and everyone worked away from office colleagues and technology support. Working remotely, although not a new concept, became our new normal, and hybrid and remote office environments will continue to be part of our future.

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The Appraiser Coach

DECEMBER 20, 2022

I remember when I first started using a laser to do my measurements. I was up in front of a group of people, and I asked them to show by. Read More.

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Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as th

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Advanced Appraisal

DECEMBER 20, 2022

This is our annual Christmas Lights Tour in our Local Tinley Park, Mokena and Frankfort areas. Some of the houses we personally know the owner's and some we just revisit every year to new ones added. We truly enjoy our t.

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Housing Wire

DECEMBER 20, 2022

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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GoForrmz

DECEMBER 20, 2022

Easily collect signatures from clients, patients, and other individuals outside of your GoFormz account with online form sharing and eSignatures Waiting on authorizations and approvals can bring your business to a grinding halt, delaying critical activities like sales agreements, patient intake, and other time-sensitive processes. These productivity stumbling blocks are often the result of obstacles like scanning, emailing, printing, and delivering forms – all for the sake of one signature!

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Lamacchia Realty

DECEMBER 20, 2022

We’re very excited to announce that Joselin Malkhasian has officially qualified for the 2022 President’s Club ELITE by surpassing $24,000,000 in sales volume! Joselin is an expert at guiding her clients through the home buying and selling process to make sure their needs are met. She is one of Lamacchia Realty’s top agents, and can often be found on the company’s Monthly Top Producers list.

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Housing Wire

DECEMBER 20, 2022

Wells Fargo , the largest depository mortgage lender in America, has agreed to pay a civil penalty of $1.7 billion to settle multiple consent orders related to automobile lending, consumer deposit accounts and mortgage lending with the Consumer Financial Protection Bureau (CFPB). . According to the CFPB, the bank repeatedly misapplied loan payments, wrongfully foreclosed on homes, illegally repossessed vehicles and charged surprise overdraft fees, affecting 16 million customers’ account

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Lamacchia Realty

DECEMBER 20, 2022

We are thrilled to announce that Shauna Fanning has officially qualified for the 2022 President’s Club ELITE by surpassing $24,000,000 in sales volume! This is Shauna’s second year in a row achieving this tremendous feat, having qualified for President’s Club ELITE in 2021. She also qualified for the 2022 Lamacchia Realty President’s Club back in September , and in 2021 and 2019.

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Housing Wire

DECEMBER 20, 2022

Ownership of the Phoenix Suns basketball team will soon be switching hands. Billionaire mortgage executive Mat Ishbia is finalizing a purchase of the Phoenix Suns franchise in the near future, according to ESPN reporter Adrian Wojnarowski. Ishbia is chairman and CEO of Michigan-based mortgage lender United Wholesale Mortgage (UWM). He purchasing the franchise, which includes the Phoenix Suns and the Phoenix Mercury WNBA team, from Robert Sarver.

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BiggerPockets

DECEMBER 20, 2022

Airbnb’s platform usually has two updates each year. One in the Summer and one in the Winter. This year’s Winter update came with a lot of cool features, like a […].

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Housing Wire

DECEMBER 20, 2022

The economy improved in the second quarter of 2022, but don’t fool yourself. The housing market will continue to slow down in 2023 , even though mortgage rates have declined recently. That’s the takeaway from a group of economists at Fannie Mae , who slashed their forecast for 2023 this week. . According to the Fannie Mae’s Economic and Strategic Research Group, the real gross domestic product (GDP) is expected to grow 0.4% in 2022 and drop 0.5% in 2023, a slight improvement from the previous fo

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Will Springer Realtor

DECEMBER 20, 2022

It is safe to say that our region – and the entire country for that matter – just experienced one of the worst turns for the residential real estate sector in recent memory. Housing affordability has fallen to its lowest level in more than 30 years. Prices soared through most of the year despite improving inventory. The massive market cooldown began in the spring when mortgage interest rates rose to more than double the level at the start of 2022.

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Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Prior to the downturn, more than 90% of Nguyen’s business came from refinances. Nguyen says he has originated $467 million in origination volume this year, closing 1311 units by the end of November.

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National Association of Realtors

DECEMBER 20, 2022

This bill requires the Veterans Administration to review its policies with respect to appraiser eligibility, appraisal waivers, and desktop appraisals with an emphasis on reducing costs to consumers and turn times.

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Mortgagebroker News

DECEMBER 20, 2022

"For 25, 30 years, we've been stuck in these technology stacks where you couldn't transform that operation"

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BiggerPockets

DECEMBER 20, 2022

How far can you go? What are your “limits” in life? For most people, it’s easy to get discouraged by everyday barriers, but for today’s guest, not letting limits define […].

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Housing Wire

DECEMBER 20, 2022

It’s fair to say that 2022 has been a depressing year for homebuilders. After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. All the while, builders continued to face supply chain issues , labor shortages and wild fluctuations in material costs.

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Mortgagebroker News

DECEMBER 20, 2022

HomeEquity Bank recaps the first half of 2022 Specialized Lending as the New Year approaches

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Lamacchia Realty

DECEMBER 20, 2022

Property Insurance Reform in Florida Sets Out to Stabilize Market. Governor DeSantis signed two new bills which support disaster relief and overhauls Florida’s home insurance , for which rates have risen to the highest in the nation, with $4,232 as the average Florida premium- nearly triple the nationwide average. The bill to support disaster relief provided an additional $750 million to Floridians in the form of tax relief following Hurricanes Ian and Nicole. .

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Mortgagebroker News

DECEMBER 20, 2022

Be sure to get in your nominations ahead of the January 13 deadline

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Eppraisal

DECEMBER 20, 2022

Whether you are a home buyer or seller, the real estate transaction can sometimes be tricky to navigate. Each step will get you closer to a successful home closing. Part 1 of our next two posts will dissect the real estate transaction from the buyer's perspective. Finding experienced and well-qualified real estate professionals will make the process much smoother.

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Mortgagebroker News

DECEMBER 20, 2022

Canada's top financial regulator makes a forecast

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Housing Wire

DECEMBER 20, 2022

The best way to deal with inflation is always adding more supply: if you’re trying to defeat inflation by destroying demand, you’ve already lost the battle and will hurt future production. That’s why today’s housing completion data was excellent news. During a traditional recession, builders typically show lower starts, permits, and completion data.

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Mortgagebroker News

DECEMBER 20, 2022

Statistics Canada reports latest employment numbers

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Housing Wire

DECEMBER 20, 2022

Single-family homebuilders are pulling back in a major way. The downward trend overall in new housing starts continued in November, dropping 0.5% from October to a seasonally adjusted annual rate of 1.427 million, according to a report released Tuesday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. November’s annual housing start rate was down 16.4% on a yearly basis, reflecting the continued decline in homebuilder confidence and middling sales activity.

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Mortgagebroker News

DECEMBER 20, 2022

Investments will go to two major PEI developments

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Mashvisor

DECEMBER 20, 2022

With interest rates up, the number one question on the minds of real estate investors is what the best investment property lenders for 2023 are.

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Eyes on Housing

DECEMBER 20, 2022

Single-family housing starts continued to fall in November, with the pace of construction down 32% since February when mortgage rates began to rise. The housing market continues to weaken because stubbornly high construction costs and elevated interest rates are harming housing affordability. And with the count of multifamily units under construction reaching a near 50-year high, multifamily permit growth is.

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Housing Wire

DECEMBER 20, 2022

The U.S. Senate this week passed a bill that streamlines the appraisal process for U.S. Department of Veterans Affairs (VA) mortgage loans. It is expected to be signed by President Joe Biden. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals, and in some circumstances, waiving appraisals altogether.

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