Housing Wire
OCTOBER 7, 2022
On Friday the Bureau of Labor Statistics reported 263,000 new jobs were added in September. While that growth seems like good news in this economy, it runs directly counter to what the Federal Reserve wants to see. And the even worse news for the Fed was that the unemployment rate fell back to 3.5%. That low unemployment rate has to be driving the Fed nuts.
Appraisal Buzz
OCTOBER 7, 2022
With many Americans citing high home prices and mortgage rate conditions as primary reasons for being unable to afford a home, an estimated 75% of consumers in Fannie Mae’s latest Home Purchase Index believe now is a bad time to buy a home, causing many to pull back from their home searches. The post Growing Affordability Constraints Persist for Buyers appeared first on Appraisal Buzz.
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Housing Wire
OCTOBER 7, 2022
Switzerland-based global lender Credit Suisse Group AG had a rough start this week after its stock was beaten down by 11%, the value of its riskiest debt fell more than 10% and the cost of purchasing derivatives insuring against the bank defaulting rose sharply. The bank’s stock eventually recovered most of the losses by the end of the day Monday, Oct. 3.
Appraisal Buzz
OCTOBER 7, 2022
The Office of the Inspector General of the Federal Housing Finance Agency has published a 10-page memo as required by law identifying seven major challenges the Agency will address next year for it and its subsidiaries such as the Fannie Mae, Freddie Mac, and the FHLBanks. The post FHFA Inspector General Publishes List of Challenges for 2023 appeared first on Appraisal Buzz.
Housing Wire
OCTOBER 7, 2022
Guaranteed Rate this week walked away from negotiations to acquire Finance of America ’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. Meanwhile, FoA confirmed Friday that Finance of America Mortgage LLC (FAM), its forward mortgage company, will no longer fund and purchase loans through its wholesale and non-delegated correspondent channels. .
Appraisal Buzz
OCTOBER 7, 2022
CoreLogic’s latest examination of total flood and wind losses increases in the aftermath of Hurricane Ian, as uninsured residential flood loss alone is estimated in the $10-$17 billion territory. The post New Hurricane Ian Damage Estimates Rise to $41B-$70B Range appeared first on Appraisal Buzz.
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Appraisal Buzz
OCTOBER 7, 2022
A new analysis by Redfin has found that 62% of those planning to buy or sell a home are reluctant to relocate to a place at risk of natural disasters. The post Concern Over Climate Risk Factoring Heavily Into Relocation Plans appeared first on Appraisal Buzz.
McKissock
OCTOBER 7, 2022
As part of our contributor series, Jacob Coleman of RealEstateCareerHQ.com shares his thoughts on how to find a supervisory appraiser. I have joined numerous online appraiser groups and forums in the past few years, and one of the common issues I heard a lot is that appraiser trainees cannot find a supervisor. According to the Appraiser Qualifications Board (AQB), trainees need to obtain a certain number of appraisal experience hours before becoming a licensed or certified appraiser.
Mashvisor
OCTOBER 7, 2022
In 2021, experts said that Airbnb predictive analytics would make a huge impact on the real estate industry in 2022. Were they on the right track?
Appraisal Today
OCTOBER 7, 2022
NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. 54% of appraisers report that appraisal management companies (AMCs) have been among the greatest challenges in their businesses in the past year; 30% cite expanding regulations.
BiggerPockets
OCTOBER 7, 2022
According to the latest data from Redfin, the housing market is slowing down in several major U.S. metros. The report included the top 20 U.S. hotspots and ranked them according to […].
Mortgagebroker News
OCTOBER 7, 2022
Analysts are anticipating another increase in the central bank's benchmark policy rate this month
Eppraisal
OCTOBER 7, 2022
Whether you are being transferred or have just decided it is time for a change, moving to a new and unfamiliar area can be a bit scary. You will need to find a very knowledgeable and experienced local Realtor in the area to help you find a place to live that meets your wants and needs. When you are interviewing real estate agents, ask them what their services are for clients who are new to the area.
Mortgagebroker News
OCTOBER 7, 2022
However, improvements in affordability will be subject to significant regional disparities, new report says
Housing Wire
OCTOBER 7, 2022
With mortgage rates on the rise, mortgage professionals have been dealing with their fair share of challenges this year. HousingWire recently spoke with Charles J. Williams IV, founder and CEO of Percy.ai, about what housing professionals can do to improve their deal flow despite the turbulence of the current housing market, and how investing in valuable data insights could be the key to success. .
Mortgagebroker News
OCTOBER 7, 2022
The Squamish Nation development did not consult the residents that will be affected by the project, petitioners say
Housing Wire
OCTOBER 7, 2022
In late August, Gary Keller told the 11,300 Keller Williams agents, brokers and team leaders gathered in Austin, Texas for Keller Williams Mega Camp that this is the most confusing market he has ever seen. “It’s confusing, and it’s only confusing because you have mixed signals,” Keller told attendees. Among those mixed signals were the rising interest rates and continued job growth.
Mortgagebroker News
OCTOBER 7, 2022
Still, there's some way to go before the downturn reaches its endpoint
GoForrmz
OCTOBER 7, 2022
“ If you can make things look similar that goes a long way, and GoFormz allowed us to do just that by uploading our existing paper forms. ” — Avi Bahl, Corporate Reliability Manager, Chemtrade Logistics. About Chemtrade Logistics Proudly operating since 2001 in 60+ locations in North America and internationally, Chemtrade specializes in manufacturing Sulphur and Water Chemicals (SWC) and Electrochemical (EC) products, which make up their two business segments.
Mortgagebroker News
OCTOBER 7, 2022
The gap between construction and demand is expected to be as much as 3.
BiggerPockets
OCTOBER 7, 2022
Real estate investing is known for one thing: cash flow. No matter who you talk to, investors always seem to be hypnotized by this single metric. Rookie investors love to […].
Mortgagebroker News
OCTOBER 7, 2022
The city is facing a "critical shortage," says real estate board president
Appraiserblogs
OCTOBER 7, 2022
Secretary Fudge launched into what sounded remarkably like discriminatory rhetoric: “The problem is who is in the appraisal industry. When you look at an industry that is 95% white … Because [the white appraisers] collect the data, the data is not good data.” Sometimes when government investigates a perceived problem, it creates a genuine one. Assistant Secretary of the Navy (and future president) Franklin D.
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