Housing Wire
FEBRUARY 4, 2022
This week’s HW+ member spotlight features Gary Scott, president at Allen Tate Realtors. With more than 30 years of experience in the real estate industry, Scott has held positions with multiple brokerage firms across the East Coast, which includes B. Gary Scott Realtors , Prudential Preferred Properties and most recently Long and Foster Real Estate , where he served as president of General Brokerage.
Appraisal Buzz
FEBRUARY 4, 2022
The U.S. economy added 467,000 jobs in January, while the unemployment rate remained flat at 4.0%, according to the U.S. Bureau of Labor Statistics. Most of the job growth was in leisure and hospitality, which includes restaurant, hotel and cruise line jobs. Of the 467,000 jobs added, 151,000 were in leisure and hospitality. Other job categories seeing strong growth in January included professional and business services, retail, and transportation and warehousing.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
FEBRUARY 4, 2022
United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. UWM filed a lawsuit in Michigan federal court late Thursday that claims America’s MoneyLine , a high-volume mortgage brokerage based in Southern California, owes it $2.8 million for repeatedly violating the terms of the agreement.
Appraisal Buzz
FEBRUARY 4, 2022
Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its January 2021 bankruptcy filing statistics from its AACER subsidiary which found that filings declined by 6.4% last month representing 26,194 filings of all types, down from the 27,957 seen in December, and the 29,328 seen in November. Comparing data year-over-year from January 2021 to … The post Bankruptcies Continue Downward Trend appeared first on DSNews.
Housing Wire
FEBRUARY 4, 2022
The appraisal space has seen its share of challenges and changes in the past two years. Facing the difficult combination of record-breaking volume and a shortage of appraisers, many mortgage and appraisal professionals have turned to appraisal technology solutions. HousingWire Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Class Valuation Chief Innovation Officer Scot Rose to discuss how appraisal technology be leveraged to improve both the speed and accuracy of the overall p
Appraisal Buzz
FEBRUARY 4, 2022
As the supply of available homes continues to shrink, home value growth is being seen in areas with the highest population of children. The post Millennial Demand Forcing Rise in Home Prices appeared first on theMReport.com. The post Millennial Demand Forcing Rise in Home Prices appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
FEBRUARY 4, 2022
According to Zillow, home values are growing fastest in areas with the highest population of children, reflecting the impact millennial homebuyers are making on family-friendly neighborhoods with a shortage of homes for sale. Data found a record number of millennials will reach key age milestones— specifically age 32— for home buyers over the next two years, which may … The post Millennials Cause Spike in Prices for Family-Friendly Neighborhoods appeared first on theMReport.com.
Raleigh Realty
FEBRUARY 4, 2022
How Accurate is Credit Karma? Is Credit Karma Accurate? A common question from people who are using the free credit monitoring service. In this article we will dive into everything you need to know about Credit Karma's accuracy, how often Credit Karma updates, how the service works, as well as what to be aware of: Many people looking to buy a home will need to know their credit score and “how accurate is Credit Karma?
Appraisal Buzz
FEBRUARY 4, 2022
According to Redfin, nearly 1 in 4 first-time homebuyers are using stimulus money for their down payment. Stimulus money is the second-most common way of accumulating money for a down payment, after saving directly from paychecks. The recent report is based on a Redfin-commissioned survey of 1,500 U.S. residents planning to buy or sell a home in … The post Stimulus Money Serves as Down Payment for First-Time Buyers appeared first on theMReport.com.
Eyes on Housing
FEBRUARY 4, 2022
Despite the omicron surge, the U.S. job market experienced solid gains. Total nonfarm payroll employment increased by 467,000 in January, and the unemployment rate ticked up slightly to 4.0%. Additionally, job gains in December and November were much stronger than initially estimated, according to revisions of the establishment survey data. Construction industry employment (both residential and non-residential) totaled 7.
Appraisal Buzz
FEBRUARY 4, 2022
Home-price growth, which has been in the double digits since summer 2020, is expected to slow to an annual rate of 7% by the end of 2022, according to a new forecast from Redfin. Home sales are expected to remain relatively flat throughout the year, similar to the small annual rate of change they have been posting since August due to the ongoing shortage of homes for sale.
Urban
FEBRUARY 4, 2022
Advancing disability equity in federally assisted housing requires adequate resources and an inclusive approach.
Appraisal Buzz
FEBRUARY 4, 2022
Rick Hall of LoanLogics explains why quality control should be viewed not as a cost center, but as an investment that ensures future success. The post Why Repurchase Risk is Growing—And How to Manage It appeared first on theMReport.com. The post Why Repurchase Risk is Growing—And How to Manage It appeared first on Appraisal Buzz.
Eyes on Housing
FEBRUARY 4, 2022
In the third quarter of 2021, the demand for apartment and other multifamily properties surged, contributing to the rise in their price levels, as shown by the Commercial Real Estate Price Index (CREPI) series.
Appraisal Buzz
FEBRUARY 4, 2022
A “new normal” may be on the horizon after a tumultuous year in 2021 which saw a conflagration of market trends reach new highs, and lows, which have continued into 2022. According to the Economic and Strategic Research Group (ESR) at Fannie Mae, it is too early to predict the end of the Covid-19 era, … The post Is a New Normal on the Horizon?
Housing Wire
FEBRUARY 4, 2022
Stacey Onnen, who recently served as president of eXp Realty and, before that, operations manager of Realty ONE Group , has been brought into the Keller Williams fold as a member of the executive leadership team. This comes on the heels of an announcement yesterday by Greg Robertson of Vendor Alley that notes there is a rumor that there is a “big leadership shift coming to eXp.” Onnen, who will be head of new business operations for Keller Williams, has played many roles in her caree
Appraisal Buzz
FEBRUARY 4, 2022
A “new normal” may be on the horizon after a tumultuous year in 2021 which saw a conflagration of market trends reach new highs, and lows, which have continued into 2022. According to the Economic and Strategic Research Group (ESR) at Fannie Mae, it is too early to predict the end of the Covid-19 era, … The post Home Price Appreciation Will Moderate in 2022 appeared first on theMReport.com.
Berkshire Hathaway
FEBRUARY 4, 2022
In years past, lenders have always pushed that a 20% down payment was absolutely necessary in order to purchase home. Fortunately, this idea is a myth. The average first–time home buyer puts just 6% down , and certain loan programs allow as little as 3% or even zero down. How much down payment you need for a house depends on which type of mortgage you get.
Appraisal Buzz
FEBRUARY 4, 2022
Audit of housing authority reveals millions in federal funding remains unused, as housing units failed to meet minimum quality housing standards. The post HUD Report Finds Misuse of Funding by L.A. Housing Authority appeared first on DSNews. The post HUD Report Finds Misuse of Funding by L.A. Housing Authority appeared first on Appraisal Buzz.
Berkshire Hathaway
FEBRUARY 4, 2022
You may have been thinking about holding off from purchasing a home this year, due to the the rising home prices and increasing mortgage rates. According to the latest report from ATTOM Data , owning a home is more affordable than renting in the majority of the country. The 2022 Rental Affordability Report says: “. Owning a median-priced home is more affordable than the average renti ng a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report.
Appraisal Buzz
FEBRUARY 4, 2022
Twenty-plus-year industry veteran will assist in simplifying Cherry Creek’s business processes and overseeing firm’s global CRM initiatives. The post Lisa Gibbs Tapped to Lead CRM Strategies at Cherry Creek appeared first on theMReport.com. The post Lisa Gibbs Tapped to Lead CRM Strategies at Cherry Creek appeared first on Appraisal Buzz.
Mashvisor
FEBRUARY 4, 2022
Passive income, flexibility to sell at the right moment, greater security, diversification of investments, and property value appreciation – these are all excellent reasons why you’d decide to rent your…
Appraisal Buzz
FEBRUARY 4, 2022
Home values in ZIP codes with a higher share of children are growing faster than homes elsewhere due to demand from millennials. The post Surge in Home Values Found in Family-Friendly Metros appeared first on DSNews. The post Surge in Home Values Found in Family-Friendly Metros appeared first on Appraisal Buzz.
Kairos Appraisal Services
FEBRUARY 4, 2022
While most mortgage brokers and lenders use financial technology (fintech), the same can’t be said for the appraisal industry. While a home loan can be processed in 10 days, the national average time to turn around a real estate appraisal is 17 to 20 days. The question then becomes, “How can the appraisal industry streamline… The post Appraisal Technology and the Future of the Appraisal Industry appeared first on Kairos.
Appraisal Buzz
FEBRUARY 4, 2022
According to Zillow, home values are growing fastest in areas with the highest population of children, reflecting the impact millennial homebuyers are making on family-friendly neighborhoods with a shortage of homes for sale. Data found a record number of millennials will reach key age milestones— specifically age 32— for home buyers over the next two years, which may … The post Top 10 Metros with Children Cause Surge in Market appeared first on DSNews.
Mashvisor
FEBRUARY 4, 2022
Are you looking for a new way to add a new stream of passive income? Or maybe you want to diversify your real estate portfolio?
Appraisal Buzz
FEBRUARY 4, 2022
Angela Hurst of RES.NET and US Real Estate Services details ways the mortgage servicing industry can best balance pragmatic needs against a humane response to natural disasters. The post Constant Preparedness in a Dangerous World appeared first on DSNews. The post Constant Preparedness in a Dangerous World appeared first on Appraisal Buzz.
BiggerPockets
FEBRUARY 4, 2022
We’re continuing the Rookie Reply Direct Message trend! This week’s question comes from Minnie through Tony’s Instagram DMs. Minnie is asking: Should you partner with family members when investing in […].
Mortgagebroker News
FEBRUARY 4, 2022
The chief economist said the Bank of Canada's decision to keep rates steady was understandable in that light
Mashvisor
FEBRUARY 4, 2022
Are you looking for a new Airbnb income property to add to your real estate portfolio?
Mortgagebroker News
FEBRUARY 4, 2022
The economy suffered a setback under the impact of the Omicron variant, StatCan reveals
Housing Wire
FEBRUARY 4, 2022
Today, the Bureau of Labor Statistics reported that 467,000 jobs were created in January. This was a big surprise as some people, including me, thought the rise in the number of sick days being reported could impact this month’s job report. One of the factors I’ve cited over the last few months is that we should see more positive revisions occur in the future.
Eppraisal
FEBRUARY 4, 2022
In Part 2 of our series on optimizing your rental property, we'll take a look at finding the best local agent for your circumstances. Investors are purchasing rental properties to add to their investment portfolios because interest rates are so low, and money is so cheap to borrow. In addition, rent prices are skyrocketing so the probability of making money on a rental investment property per month is high.
Housing Wire
FEBRUARY 4, 2022
This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Expert insights. Personalized for you.
384 
Let's personalize your content