Fri.Aug 26, 2022

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Better.com conducts another round of layoffs 

Housing Wire

Amid a shrinking mortgage market and delays in its plan to go public, digital mortgage lender Better.com made another round of layoffs on Friday. That’s the fourth workforce reduction since December 2021, when the company’s Chief Executive Officer Vishal Garg gained infamy for laying off 900 employees in a Zoom meeting. On March 8, Better cut 3,000 jobs , roughly 35% of its staff in the United States and India.

Mortgage 369
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How Much Time Do Appraisers Spend in the Office vs. the Car?

Appraisal Buzz

While a small number of real estate appraisers (e.g., review appraisers) may spend their entire workday in an office sitting at a computer, most split their time between the office and the field. Are you a new or prospective appraiser curious about what your workday might look like? Are you a current appraiser wondering how others divide and manage their time?

Appraisal 195
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Polly extends API portfolio as lenders look to streamline

Housing Wire

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. As part of the fintech’s long-term strategy to focus on “providing innovation for lenders,” San Francisco-based Polly said it enhanced its existing APIs, including the Product and Pricing Engine (PPE) API and its Initial Lock API.

Insurance 367
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Analysis: Stress and Regrets of New Homeowners

Appraisal Buzz

The newest national survey of new homeowners commissioned by U.S News & World 360 Report Reviews found that a majority of new homeowners who purchased a home since the beginning of 2021 reported that they felt “house rich and cash poor” with many admitting they felt pressure to buy as home prices ramped up. Using Pollfish, … The post Analysis: Stress and Regrets of New Homeowners appeared first on DSNews.

Appraisal 195
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How to stay competitive with specialty mortgage products heading into 2023

Housing Wire

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow of the housing market and what Flagstar is doing to help clients remain at the top of their game during this turbulent time.

Mortgage 362
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Meet the 2022 Women in Housing Awards Finalists

Appraisal Buzz

The annual awards honor the mortgage and housing industry’s exceptional women leaders, with the final recipients to be announced during this year’s Five Star Conference & Expo. The post Meet the 2022 Women in Housing Awards Finalists appeared first on DSNews. The post Meet the 2022 Women in Housing Awards Finalists appeared first on Appraisal Buzz.

Appraisal 150

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Mortgage Credit Availability Projected to Rise Due to Weakening Demand

Appraisal Buzz

As fewer buyers become unable to afford higher home mortgage costs, a new CoreLogic analysis revealed that rising interest rates and higher home prices continue to wear at homebuyer affordability. As a result, the diminishing demand from borrowers may lead to expansion of mortgage credit availability and mortgage risks, as more borrowers are considered who … The post Mortgage Credit Availability Projected to Rise Due to Weakening Demand appeared first on DSNews.

Mortgage 195
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How Much Time Do Appraisers Spend in the Office vs. the Car?

McKissock

While a small number of real estate appraisers (e.g., review appraisers) may spend their entire workday in an office sitting at a computer, most split their time between the office and the field. Are you a new or prospective appraiser curious about what your workday might look like? Are you a current appraiser wondering how others divide and manage their time?

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How to Find Profitable Rental Investment Properties for Sale

Mashvisor

Rental property investing is a lucrative venture for investors. But how do you find the most profitable rental investment properties for sale? Table of Contents How Profitable Are Rental Properties?

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Rookie Reply: Why “First-Time Home Buyer Loans” Aren’t What You Think

BiggerPockets

This week’s question comes from Carolyn through Ashley’s direct messages on Instagram. Carolyn is asking: I just bought my first investment property in cash. Am I still considered a first-time […].

Buyers 65
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Cost Approach – When to Use in Appraisals

Appraisal Today

Fannie Mae and the Cost Approach. Excerpt: We often receive questions from appraisers regarding Fannie Mae and the cost approach. For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t enough good comps? Can I use the cost approach as the primary method of valuation?”.

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Is the Global Economy About to Collapse? Inside China’s Real Estate Crisis

BiggerPockets

China is caught in a self-perpetuating housing market downturn. The only way out may be to relieve property developers, whose nefarious practices contributed to distrust in real estate in the […].

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FSRA places focus on brokers involved with MICs

Mortgagebroker News

The regulator has highlighted a potential conflict of interest for brokers involved on both sides of a transaction

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Pricing and Other Strategies in a Softening Seller's Real Estate Market

Eppraisal

The real estate market is starting to show signs of balancing. This means that the sizzling hot seller's market will be softening up a bit. It won't turn into a buyer's market right away. In fact, home values are still rising. They just aren't expected to continue rising at the high rates they have been rising over the past two years.

Sellers 36
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Bank of Canada announces shift in governance structure

Mortgagebroker News

The central bank's policy making council will benefit from a diversity of voices and perspectives, governor says

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Looking To Buy A Home In Houston?

Houston Properties

Finding homes for sale in Houston is easy. Picking the right one can be challenging. We use data and experience to tell you which houses and areas you need to avoid.

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Canada's outstanding mortgage debt now exceeds $1.6 trillion

Mortgagebroker News

However, growth is decelerating at a noticeable clip, observers say

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Massachusetts Real Estate Market: More of the Same in July 2022

Buys Brokers Only LLC

The Massachusetts real estate market delivered more of the same in July 2022, with sales down, prices up, and inventory shrinking.

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Over 1 million vacant positions remain in labour market: StatCan

Mortgagebroker News

Vacancies reached an all-time high in June, agency reports

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Best Neighborhoods in Houston to Buy a House

Houston Properties

Planning to buy a Houston home? Here's a curated list of the best places to live in Houston based on their 5- year appreciation percentage.

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GTA rental market sees a July surge

Mortgagebroker News

Accelerated demand was prominent in downtown Toronto, new report says

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Does Powell’s tough talk mean another 75 bps rate hike?

Housing Wire

Restoring price stability will cause some pain now, but will forestall the greater pain of higher inflation, Federal Reserve Chairman Jerome Powell said in a speech on Friday. Powell, speaking at an economic policy symposium in Jackson Hole, Wyoming, made it clear that the Federal Open Market Committee (FOMC) would continue to be tightly focused on bringing inflation back down to its 2% goal.

Marketing 370
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The Astoria Houston Condos For Sale Guide

Houston Properties

The Astoria condos for sale & real estate guide

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Real estate startup Reali to shut down

Housing Wire

California real estate startup Reali is shutting down, with plans to lay off most of its employees on Sept. 9. The firm is the latest to fall victim to rising mortgage rates and a drop in home sales. . The San Mateo, California startup cited “the challenging real estate and financial market conditions and unfavorable capital-raising environment” as reasons for shuttering its business that was founded in 2015 by Ami Avrahami and Amit Heller. “Active real estate transactions will

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Houston Townhomes For Sale Guide

Houston Properties

Houston townhomes for sale & real estate guide

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3 Ways to Incorporate Technology Into Your Student Housing

GoForrmz

Upgrade your student housing with the latest technology Student housing has always been a complex topic, and recent years have posed even newer challenges to shared living spaces on campus. From a population raised on technology to unprecedented years of working and learning from home, times are changing for student housing. What are ways you can bring technology into your student housing facilities to make them a more pleasurable experience for your students?