Housing Wire
AUGUST 3, 2021
When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. Quite the opposite: In that cycle we had the weakest housing recovery ever, even with the lowest mortgage rates during the longest economic expansion ever.
Sacramento Appraisal Blog
AUGUST 3, 2021
Is it a poor neighborhood? Is it rich? Is the neighborhood desirable or undesirable? Is it family-friendly? Is it crime-ridden? These are words some might use to describe certain neighborhoods, but they’re 100% off limits for appraisers (and probably other real estate professionals). Let’s talk about this. A refresher & false narratives: I hope […].
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Housing Wire
AUGUST 3, 2021
The blockchain revolution may soon be coming to mortgage lending. And it could take the form of a very old-school lender – Homebridge Financial Services. The Mike Cagney-led fintech lender Figure Technologies , most recently valued at $3.2 billion, announced Tuesday afternoon that it intends to merge with Homebridge. “We are bringing together the most robust, powerful and efficient technology ever seen in lending and pairing that with a $25 billion a year loan originator with 150,000 customers w
Appraisal Buzz
AUGUST 3, 2021
The continued imbalance between supply and demand is deterring some buyers in a market where home prices are seeing an inordinate spike, primarily in lower density neighborhoods with more living space. The post Home Prices Grow 17.2% YoY appeared first on theMReport.com. The post Home Prices Grow 17.2% YoY appeared first on Appraisal Buzz.
Housing Wire
AUGUST 3, 2021
Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. Home prices increased 2.3% from May to June, and 17.2% year-over-year, according to the latest CoreLogic report on home prices. However, CoreLogic officials said price gains could slow to as low as a 3.2%-gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings.
Appraisal Buzz
AUGUST 3, 2021
BLOG VIEW: Loan processors, funders, closers, and other mortgage professionals who want to move into leadership often believe the skills that make them successful in operations will enable them to take the next step up. But to become a successful leader, they will also need additional interpersonal skills. Here are the seven soft skills great leaders cultivate as they move up the career ladder in operations: 1.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
AUGUST 3, 2021
Representatives from BSI Financial Services, Cherry Creek Mortgage, Inlanta Mortgage, SitusAMC, and Sourcepoint discuss how to build a successful, sustainable team. The post Shifts in Momentum appeared first on DSNews. The post Shifts in Momentum appeared first on Appraisal Buzz.
Housing Wire
AUGUST 3, 2021
Cyber security , 5G, drones and virtual reality are the technological developments expected to have the biggest impact on real estate in the next two years, according to a National Association of Realtors survey. The survey also found that 36% percent of agents spend $50-$250 per month on technology, while 23% spend more than $500. The figures released Tuesday stem from 3,104 online responses to a June survey of NAR members.
Appraisal Buzz
AUGUST 3, 2021
Each of the GSEs have posted strong financial results for the second quarter of 2021. Both Freddie Mac and Fannie Mae more than doubled their net income compared to a year earlier while Fannie Mae also set a record for single family home purchase acquisitions. Freddie Mac’s net income was $1.9 billion higher than in the second quarter of 2020, rising to $3.68 billion from $1.78 billion.
Housing Wire
AUGUST 3, 2021
Fannie Mae continues to reap the rewards of low mortgage rates as it posted a net income of $7.2 billion for the second quarter of 2021, up from $5 billion in the first quarter. Refinances continued to account for the majority of the government-sponsored entity’s acquisitions. In the second quarter, refinances made up 65%, or $243.8 billion, of Fannie Mae’s $373.3 billion in single-family acquisitions, while refinances accounted for 70% or $545 billion of its single-family acquisitions in the ye
Appraisal Buzz
AUGUST 3, 2021
Personnel-management veteran Dionne Wallace Oakley says she and her team will seek to address issues important to both the company and nation. The post Freddie Mac Names New HR Head, Chief Diversity Officer appeared first on DSNews. The post Freddie Mac Names New HR Head, Chief Diversity Officer appeared first on Appraisal Buzz.
Housing Wire
AUGUST 3, 2021
Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”.
Appraisal Buzz
AUGUST 3, 2021
The state Supreme Court has adopted rules to help New Mexicans facing the potential loss of their homes after the end of a federal foreclosure moratorium. Under civil case procedures established by the rules, a foreclosing creditor cannot obtain a judgment against a homeowner until certifying that loan modification and “loss mitigation” negotiations were attempted with the borrower.
Housing Wire
AUGUST 3, 2021
The purchase market reigned supreme in the second quarter of 2021, and multichannel lender loanDepot reported a 31% increase in purchase mortgage transactions from the prior quarter. But the lender’s gain-on-sale margin and net income fell significantly during the second quarter, a trend that is keeping executives and LOs up at night across the industry.
Appraisal Buzz
AUGUST 3, 2021
Statistically speaking, the overwhelming majority of people have given up on or pushed aside their New Year’s Resolutions by March of any given year. This doesn’t mean that the goals … Read More. The post Accountability is Key appeared first on Appraisal Buzz.
Housing Wire
AUGUST 3, 2021
This article was originally published by RealTrends. To stay up to data on real estate brokerage news, please check out RealTrends’ BrokerSource newsletter. After selling her 29% stake in New York City-based Douglas Elliman in 2018, Dottie Herman will step down as CEO and long-time Douglas Elliman leader Scott Durkin will take over. Durkin was identified as a replacement to Herman in 2015 and has been groomed to step in when Herman was ready to move out of leadership.
Appraisal Buzz
AUGUST 3, 2021
New integration between Optimal Blue PPE and the Empower LOS geared toward achieving greater pricing accuracy in a competitive marketplace. The post Black Knight Streamlines Pricing and Data Synchronization appeared first on theMReport.com. The post Black Knight Streamlines Pricing and Data Synchronization appeared first on Appraisal Buzz.
The Appraiser Coach
AUGUST 3, 2021
Statistically speaking, the overwhelming majority of people have given up on or pushed aside their New Year’s Resolutions by March of any given year. This doesn’t mean that the goals. Read More.
Appraisal Buzz
AUGUST 3, 2021
Prospective borrowers might be discouraged by the state of today’s market, yet a growing number report plans to buy in 2021. The post Americans’ Homeownership Hopes Endure appeared first on DSNews. The post Americans’ Homeownership Hopes Endure appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 3, 2021
The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. The share of workers under the age of 25 reached 10.8% in the construction industry in 2019, compared to only 9.7% in 2015. Consequently, the median age of construction workforce is 41 in 2019, a year younger than in.
Appraisal Buzz
AUGUST 3, 2021
Research reveals that while house hunters recognize affordability challenges, Americans increasingly plan to purchase property before year’s end. The post Homebuyers Concerned, Not Deterred appeared first on theMReport.com. The post Homebuyers Concerned, Not Deterred appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 3, 2021
An earlier post revealed that 66% of buyers who were actively engaged in the process of finding a home in the second quarter of 2021 have spent upwards of 3 months searching for a home without success. For two quarters recently (Q4 2020 and Q1 2021), ‘getting outbid by other offers’ was the most common reason these long-time searchers could.
Appraisal Buzz
AUGUST 3, 2021
Building a successful appraisal team means considering your business strategy and your corporate culture, and hiring accordingly. Some appraisers look for associates who specialize in certain areas of the appraisal business when adding someone to the team. Others prefer generalists, who can fill in wherever they’re needed. Some prefer to hire experienced appraisers, while others like to “grow their own.”.
Raleigh Realty
AUGUST 3, 2021
How to Buy Land Everything you need to know about buying land and building on it As millennials enter the prime of adulthood, more and more are buying homes. But for many, the true American dream is purchasing their own plot of land. Those with no experience may be wondering, 'is buying land easy?' while those with a bit more experience are likely thinking 'why is it so hard to buy land?
Appraisal Buzz
AUGUST 3, 2021
With plenty of cash on the sidelines and the ability to lock in record-low rates, homebuyers are seeing prices still heading upward in a market still low on inventory. The post ‘Exceptional Demand’ for Homes Drives Prices Upward appeared first on DSNews. The post ‘Exceptional Demand’ for Homes Drives Prices Upward appeared first on Appraisal Buzz.
Appraiserblogs
AUGUST 3, 2021
The exclusion of the appraisal profession from events looking at valuation bias sends the message – intentional or not – that the input of appraisers is unwanted by those seeking to address issues relating to valuation bias… This was in a news release put out on Aug. 2, 2021 by the American Society of Appraisers which reveals the ‘secrecy’ behind the government’s efforts to attempt to continually help smear real estate appraisers: “RESTON, Va., Aug. 2, 2021 /PRNewswire/ –The Departme
Appraisal Buzz
AUGUST 3, 2021
FormFree ’s product set is now available through Lenders One ’s Lenders One Mortgage Cooperative. Members of the national alliance of independent mortgage bankers and service providers are gaining access to FormFree’s AccountChek 3n1 automated borrower verification tool, which includes a digital asset, income and employment reporting service. Lenders One serves more than 240 banks, credit unions and independent mortgage bankers.
McKissock
AUGUST 3, 2021
Building a successful appraisal team means considering your business strategy and your corporate culture, and hiring accordingly. Some appraisers look for associates who specialize in certain areas of the appraisal business when adding someone to the team. Others prefer generalists, who can fill in wherever they’re needed. Some prefer to hire experienced appraisers, while others like to “grow their own.”.
Appraisal Buzz
AUGUST 3, 2021
When it comes to the emerging purchase market, a history primer is in order. The post The Change of Cycles appeared first on theMReport.com. The post The Change of Cycles appeared first on Appraisal Buzz.
McKissock
AUGUST 3, 2021
Saving for retirement is an important step for any professional. This ensures you can live comfortably after you retire. Many experts recommend professionals start saving at least 15% of their pre-tax salary for retirement. However, without an employer-sponsored 401(k), this can be more challenging. Self-employed real estate agents need to consider their financial options without the direction of a company to provide a 401(k) and contribution match.
Appraisal Buzz
AUGUST 3, 2021
Local-level intel about climate-related dangers could better position mortgage professionals to respond to disaster and protect borrowers. The post Database Helps Servicers, Homeowners Assess Weather Risk appeared first on DSNews. The post Database Helps Servicers, Homeowners Assess Weather Risk appeared first on Appraisal Buzz.
BiggerPockets
AUGUST 3, 2021
When starting out in the real estate business, finding real estate leads can seem like a daunting task. However, it doesn’t need to be as hard as you think! Once it clicks that generating leads is pretty easy in these digital days, it may even seem fun.
Appraisal Buzz
AUGUST 3, 2021
With real home equity reaching a new peak of $20.2 trillion in Q2, an increasing number of homeowners aged 18-43 are tapping into their equity for upgrades to their homes. The post Two-Thirds of Gen X Homeowners Plan on Renovating appeared first on theMReport.com. The post Two-Thirds of Gen X Homeowners Plan on Renovating appeared first on Appraisal Buzz.
Mashvisor
AUGUST 3, 2021
You have probably visited Zillow, Realtor.com, Trulia, Redfin, or other real estate sites looking for your dream investment property. But have you ever considered buying land and building a home?
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