Fri.Jan 07, 2022

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[video] The three most important housing factors for 2022

Housing Wire

This video is part of our HousingWire 2022 forecast series. After the series wraps in January, 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.

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More Consumers Believe Rates Will Go Up in 2022

Appraisal Buzz

Fannie Mae’s latest iteration of the monthly Home Purchase Sentiment Index (HPSI) fell by a slight 0.5 points to 74.2 in December as consumers wildly differed on whether it is a good time to buy or sell a home and their outlook on the economy. When combined, these metrics may indicate a slowing of the real estate market as we move into 2022. Overall, three of … The post More Consumers Believe Rates Will Go Up in 2022 appeared first on theMReport.com.

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Consumer direct mortgage lender lays off 35 LOs

Housing Wire

Pink slips arrived for nearly three dozen loan officers at Wyndham Capital Mortgage on Wednesday, HousingWire has learned. The consumer direct mortgage lender, headquartered in Charlotte, North Carolina, said it laid off 35 LOs across its offices in Dallas, Charlotte, Salt Lake City, Kansas City, and Phoenix. In a statement, Jeff Douglas, CEO of Wyndham Capital Mortgage, said that the company is “well-positioned and continues making investments to compete in a purchase market and is poised to ga

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Low Rates Keeping the Winter Market Strong

Appraisal Buzz

Looming threats of rising interest rates coming this year are pushing more homeseekers into the market who are eager to get into a home before those threats become a reality. According to the latest Monthly Housing Market Trends Report by Realtor.com, national inventory of active listings declined by 26.8% over last year, while the total inventory of unsold homes, including pending listings, … The post Low Rates Keeping the Winter Market Strong appeared first on theMReport.com.

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HW+ Member Spotlight: Joe Langner

Housing Wire

This week’s HW+ member spotlight features Joe Langner, CEO at ReverseVision. Langner has more than 30 years of senior leadership experience, driving growth at marquee mortgage technology and software companies. As a former executive vice president and chief sales officer at Ellie Mae , Langner helped execute the firm’s initial public offering in 2011.

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How Mortgage Rates Are Impacting Homebuyer Decisions

Appraisal Buzz

Americans are finding their homebuying strategies dependent on current and future mortgage percentages as the housing market steadies. The post How Mortgage Rates Are Impacting Homebuyer Decisions appeared first on theMReport.com. The post How Mortgage Rates Are Impacting Homebuyer Decisions appeared first on Appraisal Buzz.

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More Trending

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Mortgage Rate Increases: How They’re Impacting Housing Demand

Appraisal Buzz

Experts say over time, percentage growth will slow demand and put an end to double-digit annual price growth. The post Mortgage Rate Increases: How They’re Impacting Housing Demand appeared first on DSNews. The post Mortgage Rate Increases: How They’re Impacting Housing Demand appeared first on Appraisal Buzz.

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Job Gains Slow in December

Eyes on Housing

Job gains slowed sharply for the second straight month in December as the Omicron variant began to spread. Nonfarm payrolls increased by 199,000 in December, and the unemployment rate fell to 3.9%. Construction industry employment (both residential and non-residential) totaled 7.6 million, with 22,000 construction jobs added in December. Residential construction lost 4,100 jobs while non-residential construction employment rose by.

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Housing Supply Shortage May Continue Through Spring

Appraisal Buzz

HouseCanary Inc. ’s latest Market Pulse report covers 22 listing-derived metrics and comparing data between December 2020 and December 2021. The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary’s nationwide platform. “In 2021, the housing market drew plenty of headlines as a shrinking supply of homes available for rent and purchase caused properties to fly off the market at all-time high prices across the U.S.,” comments Jeremy Sicklick, co-founder and.

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5 Things You Should Know BEFORE Moving to Holly Springs, NC (2022)

Raleigh Realty

Living in Holly Springs, NC Find out why so many folks are moving to Holly Springs, NC Holly Springs, North Carolina is one of the best places to live in the country so it's no wonder so many folks are trying to move here. Whether you're ready to dive right into this article or would prefer to contact us to talk to one of our Realtors first hand we are here to help you With a population of just over 30,000 Holly Springs has been growing around 5-6 annually.

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Consumers Indicate Now Is The Time To Sell

Appraisal Buzz

Fannie Mae’s latest iteration of the monthly Home Purchase Sentiment Index (HPSI) fell by a slight 0.5 points to 74.2 in December as consumers wildly differed on whether it is a good time to buy or sell a home and their outlook on the economy. When combined, these metrics may indicate a slowing of the real estate market as we move into 2022. Overall, three of … The post Consumers Indicate Now Is The Time To Sell appeared first on DSNews.

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How Two-Generation Programs Can Advance Housing Stability

Urban

Because children who grow up living in poverty are less likely to succeed economically as adults, cycles of poverty and housing instability can span generations. Two-generation programs can disrupt those cycles.

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December Jobs Report Underwhelming But Unemployment Dropped to 3.9 Percent

Appraisal Buzz

The U.S. economy added 199,000 jobs in December – well below the 300,000+ expected – as the unemployment rate fell to 3.9%, according to the U.S. Bureau of Labor Statistics. Most of the job gains were in leisure and hospitality, professional and business services, manufacturing, construction, and transportation and warehousing. The number of unemployed persons decreased by 483,000 to 6.3 million.

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3 Resources to Help Reduce Appraisal Bias

McKissock

Phrases like appraisal bias, the appraisal gap, and discrimination in appraisals have become buzz words in the media over the past year. As a real estate appraiser, actions you can take to avoid bias and accusations of discrimination may include educating yourself on these issues, avoiding use of subjective terminology, carefully complying with USPAP and Fair Housing laws, and, in general, completing all appraisal assignments with objectivity and impartiality.

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Citizens State Bank Chooses Lendsmart for Mortgage Lending Technology

Appraisal Buzz

Citizens State Bank , a Wisconsin-based community bank focused on commercial and personal banking products, has selected Lendsmart , an AI-driven digital lending platform, to improve its digital lending operations and offer a seamless customer experience. With Lendsmart’s AI technology, Citizens State Bank will be able to process more loans and help their customers acquire a loan in a matter of weeks.

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Customer Story: FOR Energy

GoForrmz

“ An audit takes a while.so to be able to shave time off of that is pretty valuable for the customer experience. ” — Vladimir Kostovski, Salesforce Consultant, FOR Energy. About FOR Energy Founded in 2010 in Phoenix, Arizona, FOR Energy helps homeowners maximize the energy efficiency of their homes with specialized Home Energy Check-Ups, Windows, and Solar Energy.

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3 Resources to Help Reduce Appraisal Bias

Appraisal Buzz

Phrases like appraisal bias, the appraisal gap, and discrimination in appraisals have become buzz words in the media over the past year. As a real estate appraiser, actions you can take to avoid bias and accusations of discrimination may include educating yourself on these issues, avoiding use of subjective terminology, carefully complying with USPAP and Fair Housing laws, and, in general, completing all appraisal assignments with objectivity and impartiality.

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Reminder About Snow Removal Laws

Lamacchia Realty

A REMINDER ABOUT SNOW REMOVAL LAWS. The snow has arrived! Here is a reminder if you’re a property owner in Massachusetts: by law, you must remove or treat snow and ice on walkways and plow parking lots. You can be held liable for injuries caused by snow and/or ice on your property. Some Massachusetts property owners are still unaware of this law that went into effect in July of 2010.

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Slower Housing Market Predicted for 2022 with Softening HPSI

Appraisal Buzz

The Fannie Mae ’s Home Purchase Sentiment Index (HPSI) decreased 0.5 points to 74.2 in December, as consumers continued to report substantially divergent views of homebuying and home-selling conditions. Overall, three of the index’s six components decreased month over month. In December, 76% of respondents reported that it’s a good time to sell a home, compared to the survey record-low 26% of consumers who reported that it’s a good time to buy.

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The 10 Best Rental Markets in Florida

Mashvisor

Are you a real estate investor looking to buy a rental property in the Sunshine State? Here is a list of the 10 best rental markets in Florida.

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A Life in the Default Profession

Appraisal Buzz

Legal League 100 Vice Chair Anthony Van Ness looks back at a career spent working in default legal services. The post A Life in the Default Profession appeared first on DSNews. The post A Life in the Default Profession appeared first on Appraisal Buzz.

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AirDNA Market Data vs. Mashvisor Data: What is the Best Option?

Mashvisor

When you embark on a new investment strategy, it makes sense to find out as much information as possible before signing on the dotted line.

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Jeffrey Kvalevog Joins New American as EVP, Strategy and Partnerships

Appraisal Buzz

Direct mortgage lender adds 20-plus year vet to expand relationships and expand the company into new business channels. The post Jeffrey Kvalevog Joins New American as EVP, Strategy and Partnerships appeared first on theMReport.com. The post Jeffrey Kvalevog Joins New American as EVP, Strategy and Partnerships appeared first on Appraisal Buzz.

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Unemployment rates and mortgage rates both under 4%

Housing Wire

Today, the Bureau of Labor Statistics reported that 199,000 jobs were created in December — a miss from estimates. They also reported we had 141,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 3.9% and we had another big print from the household survey which showed 651,000 jobs gained. For men and women age 20 and over, the unemployment rate is currently at 3.6%.

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CFPB Report Examines Consumer Complaints & Credit Bureaus

Appraisal Buzz

CFPB Director Rohit Chopra said, “Today’s report is further evidence of the serious harms stemming from [credit bureaus’] faulty financial surveillance business model.”. The post CFPB Report Examines Consumer Complaints & Credit Bureaus appeared first on DSNews. The post CFPB Report Examines Consumer Complaints & Credit Bureaus appeared first on Appraisal Buzz.

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What is Co-living and How Can It Help Your Multifamily Property? 

BiggerPockets

Understanding the co-living model is important for investors because it can attract more tenants and ultimately improve your property’s bottom line. Here's what you should know.

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What 5 experts have to say about the 2022 housing market

Cornerstone

Reading Time: 3 minutes. Now it’s 2022, and both homebuyers and sellers have questions. What lies ahead? Will more houses become available? Will prices continue increasing? Exactly how high will rates climb? To give you accurate answers, we’ve gone to the source: trusted housing industry experts. Housing market predictions 2022: Insight from 5 experts.

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Homeowner’s Insurance: The Marshall Fire is a Harsh Reminder That You Need Adequate Coverage

BiggerPockets

Not only did the homeowners affected by the Boulder fires lose their homes and belongings, but in many cases, their homeowners insurance policies may not have provided adequate coverage. Here's why that happens—and what you can do about it if you're in the same boat.

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Why refinancing could be set for an uptick in 2022

Mortgagebroker News

Brokers should be ready for the prospect of a surge as house prices continue to rise

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BiggerPockets Money Podcast 264: Finance Friday: Passive Income, Syndications, Real Estate, and Retirement

BiggerPockets

“Can I retire yet?” If you’re today’s guest Jenn, then the short answer is a resounding “yes”. And if you aren’t Jenn, you’ll probably want to be in her position […].

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Ontario's housing affordability crisis – how bad is it?

Mortgagebroker News

There appears little prospect of an end to sky-high prices and supply-demand imbalances

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The Complete Guide to Selling a House in Florida in 2022

Mashvisor

Are you preparing to sell your home in Florida in 2022?

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Canada house prices – what's happening?

Mortgagebroker News

Historically low supply continues to be a major market force

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What else is happening in and around your Seattle?

Will Springer Realtor

Martin Luther King Jr. Day, Jan. 17 On Nov. 10, 1961, Dr. Martin Luther King Jr., in his only visit to Seattle , addressed students at Garfield High School, exhorting them to make something of themselves and their lives. It will be at that same Central District school where people will congregate on MLK Jr. Day for a rally and march to city hall. 11:30am (after a virtual job fair and workshops, from 8:30am).