Appraisal Buzz
SEPTEMBER 12, 2022
While many in the housing market are predicting a shift in power to buyers’ favor, that switch may not be coming anytime soon to according to a recent NerdWallet report due to tempered demand due to higher mortgage rates. In addition, home affordability hit another low for first-time buyers during the second quarter of 2022; … The post Affordability Decreases for First-Time Buyers appeared first on DSNews.
Eyes on Housing
SEPTEMBER 12, 2022
The number of women employed in the construction industry increased to over 1.24 million in 2021, as the construction industry was quickly recovering jobs lost earlier during the pandemic induced recession. Currently, women make up 11% of the construction workforce, up from 9.3% in 2002. As the construction skilled labor shortage remains a key challenge for housing, adding new workers.
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Appraisal Buzz
SEPTEMBER 12, 2022
Fannie Mae has announced its latest sale of non-performing loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio, including the company’s twentieth Community Impact Pool (CIP). CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and … The post Fannie Mae Declares Sale of Non-Performing Loans appeared first on DSNews.
JMV Lending
SEPTEMBER 12, 2022
We have had numerous deals almost die or come close to dying over the years – solely because our appraisers could not find adequate rental comp data. There are several reasons why we often need to support the full market rent in an appraisal, including: The borrowers often need every penny of the rent to […]. The post Provide Rental Comp Data to Appraisers (More Important Than You Realize) appeared first on JVM Lending.
Appraisal Buzz
SEPTEMBER 12, 2022
Since 2020, iBuying has soared in popularity as many sellers have taken advantage since the start of the pandemic. Many homeowners have benefitted from the surge of people departing dense cities in search of lower living costs. Sellers used iBuying to bypass the lengthy aspects of the traditional homebuying process to receive cash payments in an expedited manner.
Riverfront Appraisals
SEPTEMBER 12, 2022
Have you ever had a listing that didn’t appraise for contract price? It’s frustrating, for sure – especially if you feel like you don’t have any options! The home didn’t appraise for contract price, so the deal is dead, right? Not at all! When this happens, most parties have three options: lower the sale price […]. The post The Realtor’s Guide to Appraisals Part 9: Can a Realtor Challenge an Appraisal?
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McKissock
SEPTEMBER 12, 2022
As much as you’d think an empty space would be the perfect way to help buyers visualize the potential of a home, that’s rarely true. Many buyers find it difficult to picture themselves in a house if it is vacant because it does not feel like a home. That’s where virtual staging comes in. Take some time this weekend to set out a plan for properly marketing your vacant listings by elevating them with some virtual staging.
Appraisal Buzz
SEPTEMBER 12, 2022
Redfin reports that users who viewed homes with severe and/or extreme flood risk proceeded to bid on homes with 54% less risk after gaining access to flood-risk data. The post Flood-Risk Data Influencing an Increasing Number of Home Buyers appeared first on DSNews. The post Flood-Risk Data Influencing an Increasing Number of Home Buyers appeared first on Appraisal Buzz.
East Coast Appraisal
SEPTEMBER 12, 2022
Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Should a buyer fail to make payments later on, PMI helps the lender recover its losses. But for most homeowners, PMI mainly represents an extra fee on their monthly mortgage statement.
Mashvisor
SEPTEMBER 12, 2022
Are you tempted by the thought of potentially buying vacation rentals for sale Oregon Coast? Then, this article can be of great help.
Town & Country Residential Appraisals
SEPTEMBER 12, 2022
Modular and manufactured homes are both prefabricated structures, however, there is a noted difference between the two. Confusion abounds because many real estate professionals use the words Modular, Manufactured, Doublewide, Mobile Home and Trailer seemingly interchangeably. Let’s see if we can clear up the confusion. First we must understand that the term “mobile home” is obsolete and refers to transportable homes constructed prior to June 30, 1976.
BiggerPockets
SEPTEMBER 12, 2022
What do timing the market and a circle have in common? There’s no point, literally and figuratively. Some people would like to have you think they’ve cracked the code and there’s some secret […].
Mortgagebroker News
SEPTEMBER 12, 2022
Long experience in the banking sector primed this exec for the challenges of the mortgage space
BiggerPockets
SEPTEMBER 12, 2022
Home sales are starting to slump, days on market continue to climb, and price drops are becoming the new norm. Are we on the cusp of a 2008 housing market […].
Mortgagebroker News
SEPTEMBER 12, 2022
Expert says private lenders can offer valuable options for brokers and clients in uncertain times
Will Springer Realtor
SEPTEMBER 12, 2022
Polish Festival, Sept. 24 I love dumplings and anything that resembles them. That’s why the Pierogi Fest is a prime event for me. Pierogis deliver savory delights wrapped in a blanket of dough. They are a must-have at the fest, along with potato pancakes, Polish beer and much more. Enjoy the food, crafts, kids’ activities and folk music. It all takes place at the Polish Cultural Center, 1714 18 th Avenue, south Capitol Hill. 12-4pm LEGO Exhibit, Oct. 1-2 Thousands of LEGO models are on display a
Mortgagebroker News
SEPTEMBER 12, 2022
The time is not ripe for the federal government to engage in further spending, observers say
Housing Wire
SEPTEMBER 12, 2022
As mortgage interest rates crept back up in August after retreating the previous month, rate lock volume dipped to a four-year low. . Total lock volumes were down 8.9% from July, led by a 13.9% decline in rate/term refinance locks, according to Black Knight ’s originations market monitor report. Rate/term refi locks dropped 94.5% year over year. . Cash-out refi locks fell by 8.9% from July and declined by 72.2% from the same period in 2021.
Mortgagebroker News
SEPTEMBER 12, 2022
A combined contribution of over $2 million supports the development of more low-cost housing
Eyes on Housing
SEPTEMBER 12, 2022
Lot values for single-family detached housing starts in 2021 increased across the nation, with the national value and six out of nine Census division values setting new records. U.S. median lot price now stands at $55,000, according to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data.
Mortgagebroker News
SEPTEMBER 12, 2022
Find out how Community Trust utilises HELOCs and longer amortization options
Mortgagebroker News
SEPTEMBER 12, 2022
Regular time away, social events key to better mental health, reveals study
Mortgagebroker News
SEPTEMBER 12, 2022
August employment numbers fell far short of economists' expectations
Mortgagebroker News
SEPTEMBER 12, 2022
Home Buyers' Bill of Rights proposed
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