Thu.Dec 23, 2021

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Mortgage rates fall to 3.05% amid Omicron fears

Housing Wire

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. The 15-year-fixed-rate mortgage averaged 2.30% last week, declining from 2.34% the week prior. A year ago at this time, it averaged 2.19%.

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Mortgage Delinquencies Improve While Active Foreclosures Fall

Appraisal Buzz

In its report on the November 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market, Black Knight Inc. has found that the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.59% with the month-over-month change at -4.11% and the year-over-year change at -43.29%.

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Mortgage delinquencies continued to improve in November

Housing Wire

The delinquency landscape continues to improve on a monthly basis, with the total delinquency rate in the nation falling to 3.59% in November, according to Black Knight ’s November mortgage monitor published this week. In October, the analytics vendor clocked the national delinquency rate at 3.74%. The 15-basis point improvement continues to point to the effectiveness of initiatives taken by policy makers and industry participants over the pandemic period to help borrowers stay in their homes.

Mortgage 421
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Americans Looking to Relocate Target the Sunshine State

Appraisal Buzz

Redfin agents report millennials looking to relocate tend to be young remote workers who are moving to Miami for affordability and sunshine. The post Americans Looking to Relocate Target the Sunshine State appeared first on DSNews. The post Americans Looking to Relocate Target the Sunshine State appeared first on Appraisal Buzz.

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Recognizing HUD’s work to benefit foster youth

Housing Wire

The holiday season is a time when many Americans choose to think about those in need, especially vulnerable youth. It is also a time when we give thanks to the outstanding individuals who go above-and-beyond to assist others. The work of a small group at the U.S. Department of Housing and Urban Development in the area of foster youth, along with all foster families in this country, provides us an opportunity to do both.

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Miami Tops U.S. Cities for Homebuyer Destinations

Appraisal Buzz

Interest in moving to a new metro area remains elevated above pre-pandemic levels, with roughly 30% of Redfin.com users looking to relocate due to remote work situations. The post Miami Tops U.S. Cities for Homebuyer Destinations appeared first on theMReport.com. The post Miami Tops U.S. Cities for Homebuyer Destinations appeared first on Appraisal Buzz.

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More Trending

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As Foreclosures Decline, Mortgage Delinquencies Remain Steady

Appraisal Buzz

Prepayment activity fell by 8.9% in November to hit its lowest level in 22 months, as rising 30-year rates put downward pressure on refinance volumes. The post As Foreclosures Decline, Mortgage Delinquencies Remain Steady appeared first on DSNews. The post As Foreclosures Decline, Mortgage Delinquencies Remain Steady appeared first on Appraisal Buzz.

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15 Things To Know BEFORE Moving to Raleigh NC {2022 Guide}

Raleigh Realty

Living in Raleigh, NC Find out why 70+ people are Moving to Raleigh Daily in 2022 For anyone moving to Raleigh, NC, or considering the move, you'll want to be sure to read this article first People love living in Raleigh - it even made the list of best places to live in North Carolina and is ranked 1 If you're curious about living in Raleigh, just check out all of the great affordable homes for sale in Raleigh, NC Once you finish this article (it's worth it) you may still have questions - please

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Guaranteed Rate Names New Divisional Managers

Appraisal Buzz

Two new Divisional Managers are added to oversee operations in Guaranteed Rate’s markets in the West. The post Guaranteed Rate Names New Divisional Managers appeared first on theMReport.com. The post Guaranteed Rate Names New Divisional Managers appeared first on Appraisal Buzz.

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How Digital Forms Can Help Your Business Manage Remote Work Teams

GoForrmz

Ensure your remote teams are maintaining productivity, efficiency, and collaboration with digital forms As COVID-19 remains prevalent, many businesses have adopted remote or hybrid business models, resulting in the rapid adoption of digital solutions across every sector. Digital forms offer all industries the opportunity to streamline data collection, communication, and collaboration.

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Freddie Mac Reports Mortgage Rates Drop at Yearend

Appraisal Buzz

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 3.05%. “The market volatility resulting from the COVID-19 Omicron variant is causing mortgage rates to decrease,” observes Sam Khater, Freddie Mac’s Chief Economist. “As the year comes to a close, the housing market is proceeding steadily.

Mortgage 195
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Lindsay Jarvis Qualifies for the 2021 President’s Club

Lamacchia Realty

Lindsay Jarvis has officially qualified for the 2021 Lamacchia Realty President’s Club! This is no easy feat, in order to qualify REALTORS® must reach a challenging benchmark. Lindsay qualified by completing over 33 transactions in 2021! This is Lindsay’s first year qualifying but we are confident it won’t be her last. Lindsay is incredibly dedicated to her clients, always looking for ways to better serve them and assist them in reaching their goals.

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Planet Home Lending Opens Fifth Texas Office

Appraisal Buzz

New Farmers Branch location, to be led by Manager Leeland Bissett, expands the company’s Southwest footprint. . The post Planet Home Lending Opens Fifth Texas Office appeared first on DSNews. The post Planet Home Lending Opens Fifth Texas Office appeared first on Appraisal Buzz.

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Jason Pincomb Qualifies for the 2021 President’s Club

Lamacchia Realty

Announcing the newest qualifier for the Lamacchia Realty President’s Club, Jason Pincomb ! With less than a year at Lamacchia, it’s amazing to see him qualify for this exciting distinction! After joining the company in March of this year , he quickly became a top producer in the Worcester office. Jason’s high level of knowledge of the industry and 14 years of experience working with hundreds of buyers and sellers have allowed him to be an excellent resource for his clients and

Realty 72
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Mortgage Rates Reverse Course and Trend Downward

Appraisal Buzz

After a few weeks of increases, mortgage rates took a slight dive this week, falling to 3.05% as refis again picked up despite a downtick in overall mortgage app volume. The post Mortgage Rates Reverse Course and Trend Downward appeared first on theMReport.com. The post Mortgage Rates Reverse Course and Trend Downward appeared first on Appraisal Buzz.

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Hit list: Inside CoStar’s all-out war against Zillow

Housing Wire

Andy Florance, CEO and founder of CoStar. “ Zillow is no longer a relevant player,” said Andy Florance, the CEO and founder of CoStar. “We have done a million dollars of market research in the last couple of months. And we have found that Zillow is not the leader in the space. Zillow is actually not used by many homebuyers.”. Zillow’s 226 million unique monthly visitors ?

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BiggerPockets Money Podcast 260: Finance Friday: How to Hit $10M Net Worth in 10 Years (Or Less)

BiggerPockets

Stocks vs. real estate is a regular feud among many financially savvy forums on the internet. While some investors love the passive aspect of stocks, other investors love the tax […].

Finance 55
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Massachusetts Homebuyers Should Know About Accessory Dwelling Units

Buys Brokers Only LLC

An accessory dwelling unit (ADU) is not a new concept. ADUs have been around in some form in the United States for nearly as long as housing.

Law 55
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The Naughty List

Appraisal Buzz

The post The Naughty List appeared first on Appraisal Buzz.

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New home sales report is deja vu all over again

Housing Wire

Today the Census Bureau ‘ s new home sales report came in as a missed estimate at 744,000. In addition, revisions were all negative, and the monthly supply of new homes rose. This is in contrast to the existing home sales market, which I would say is outperforming. With the recent growth in sales, the new home sales market is just OK and has been for some time.

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Special Assessment Tax: What is it?

Mashvisor

As a homeowner, you realize you have to pay some bills to keep your property. Other than the regular property taxes, many investors may not know about special assessment taxes.

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Deciding on a Deck or Patio

Eppraisal

Having a deck or a patio in your backyard adds outdoor living space to your home. Having one also adds to your home value. If you are deciding between installing a deck or a patio on to your home, there are quite a few factors to consider. The Maintenance Factor Some decks and patios require more maintenance than others. When deciding on which kind of a deck or patio you want, you must consider the time and money involved with the maintenance.

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Flipping Houses In Las Vegas: The Complete Guide

Mashvisor

The difference between the deserts and the city continues to characterize the Las Vegas real estate market. It’s a marketplace known for abandoned estates, world-class condos, and extravagant living.

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Storm Spotting: A Guide for Homeowners

Raleigh Realty

What is Storm Spotting? An estimated total of 16 million thunderstorms occur each year. While most storms are harmless, there are certain severe storm types that are known to inflict damage to buildings and can endanger the lives of individuals. With the help of storm spotting, the details of potential weather hazards can be reported to the public ahead of time in order to limit the number of damages, injuries, and fatalities in the event of severe weather.

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South Dakota Real Estate Market: What Investors Can Expect

Mashvisor

The South Dakota real estate market has seen a massive shift towards favoring rental real estate investors since the 2020 year of Covid-19.

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Ex-employee alleges rampant sexual misconduct at mortgage lender EPM

Housing Wire

A former employee alleged that an executive at Atlanta-based mortgage lender Equity Prime Mortgage (EPM) sexually assaulted her, and executives fostered a culture of widespread sexual harassment at the firm. Former mortgage loan processor Tiar McCart claims, in a suit filed in the U.S. District Court of the Northern District of Georgia in October, that during her employment at EPM, executives — including CEO Eddy Perez — and other employees submitted her to sexual comments, touching, inappropria

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Rising Cost of Materials Squeezing Some Out of the Market

Appraisal Buzz

Even with rates heading back down to the 3% mark, many single?family home buyers are being outpriced with lumber costs again on the upswing. The post Rising Cost of Materials Squeezing Some Out of the Market appeared first on theMReport.com. The post Rising Cost of Materials Squeezing Some Out of the Market appeared first on Appraisal Buzz.

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Home Building Shows Ongoing Growth in Second Home Counties

Eyes on Housing

Per the latest results of NAHB’s Home Building Geography Index, in the third quarter of 2021, both single-family and multifamily home building showed gains in second home counties. This marked a reversal for multifamily after weakness last year. Second home counties are defined by NAHB as those having a high proportion of housing units that are not their owners’ primary.

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Ambitious Buyers Continue to Capitalize on Low Rates

Appraisal Buzz

For the third consecutive month, single?family houses rose, as buyers cash in on low rates before a predicted hike in the coming months. The post Ambitious Buyers Continue to Capitalize on Low Rates appeared first on DSNews. The post Ambitious Buyers Continue to Capitalize on Low Rates appeared first on Appraisal Buzz.

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New Home Sales Jump in November on High Consumer Demand

Eyes on Housing

New single-family home sales rose in November as housing demand was supported by low interest rates and strong consumer demand, despite the ongoing building materials challenges impacting the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in November at a 744,000 seasonally adjusted annual pace, a.

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Builders Say the Labor Shortage Hit a Record High

Empire Appraisal Group

Builders Say the Labor Shortage Hit a Record High. NAHB survey: Almost 9 out of 10 builders can’t find enough framers and carpenters, with more than 55% of single-family builders reporting a shortage in 16 trades. WASHINGTON – A record number of homebuilders report a shortage of workers, such as carpenters, painters and electricians, the National Association of Home Builders (NAHB) reports.