Tue.Feb 01, 2022

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CoreLogic: home price appreciation will cool in 2022

Housing Wire

Home prices across the nation climbed 18.5% year-over-year in December, according to a monthly report published by CoreLogic. On a month-over-month basis, home price gains rose by 1.3% in December 2021 compared to November. Consumer desire for homeownership paired with a low supply of for-sale homes were the main contributors to a red-hot housing market in 2021.

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Housing market tears & price pressure

Sacramento Appraisal Blog

Do you smell that? It’s price growth. The market is rising, which is normal for January. But this year it feels extra aggressive. Let’s talk about it. Scroll quickly or digest slowly. UPCOMING PUBLIC SPEAKING GIGS: 2/9/2022 Yolo Associaton of Realtors market update (details) 2/18/2022 WCR El Dorado County market update (details) 2/25/2022 Placer Association […].

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This company is setting its sights on same-day appraisal turn times

Housing Wire

With no end in sight to the high demand for housing, the real estate industry faces a serious problem: a dwindling pool of appraisers. HousingWire recently spoke to Chris Knight, CEO and Gabriel Hern, President of Opteon , which consists of a partnered AMC and staff appraiser firm. We discussed the current market and ways the real estate industry is addressing this industry-wide issue.

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Annual Home Price Appreciation Continues to Rise, Reports CoreLogic in December

Appraisal Buzz

Consumer desire for homeownership against persistently low supply of for-sale homes has created one of the hottest housing markets in decades in 2021 – and spurred record-breaking home price growth, shows CoreLogic ’s CoreLogic Home Price Index (HPI) and HPI Forecast for December 2021. Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.

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LoanDepot’s profit in Q4 drops 91% to $14.7M

Housing Wire

California-based loanDepot greatly increased loan origination volume in 2021, which guaranteed gains in marketshare compared to its competitors. But the multichannel lender’s gain-on-sale margin and net income fell significantly in the fourth quarter, reflecting changing market conditions. Overall, net income for the mortgage lender decreased all the way down to $623.1 million in 2021, compared to $2 billion the previous year.

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Challenging Mortgage Process Still Poses an Issue in Current Competitive Housing Market

Appraisal Buzz

Finicity , a Mastercard company, has released its new High Demand, Higher Hurdles in the Mortgage Market report. It reveals key findings around the issues consumers face during the mortgage process and how digital solutions are starting to provide relief. According to the report, 89% of respondents find the loan application was more stressful or as stressful as the home-buying experience.

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Price Gains Expected to Slow by December

Appraisal Buzz

CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for December 2021, reporting an upward trend in annual home appreciation. Consumer desire for homeownership against the continuous low supply of for-sale homes created one of the hottest housing markets in decades in 2021, sparking record-breaking home price growth. Price appreciation averaged 15% for the full year … The post Price Gains Expected to Slow by December appeared first on DSNews.

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Class Valuation continues its acquisition spree

Housing Wire

Class Valuation , one of the largest appraisal management companies in America, just made another acquisition. The AMC announced late last week that it has acquired fellow Detroit-based AMC Metro-West and its subsidiary Valuation Link. In a press statement, Class Valuation said Metro-West, founded in 1987, is the largest independent residential appraisal firm in the country, with staff appraisers in over 80 U.S. metros.

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Home Price Appreciation Up 18.5%, Projected to Continue

Appraisal Buzz

CoreLogic has released the CoreLogic Home Price Index (HPI) and HPI Forecast for December 2021, reporting an upward trend in annual home appreciation. Consumer desire for homeownership against the continuous low supply of for-sale homes created one of the hottest housing markets in decades in 2021, sparking record-breaking home price growth. Price appreciation averaged 15% for the full … The post Home Price Appreciation Up 18.5%, Projected to Continue appeared first on theMReport.com.

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A Year in Review

The Appraiser Coach

With the end of the year upon us, it’s important to look back on where we’ve been. During that process, however, it is also important to take the time to. Read More.

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Digital Discomfort Remains in the Mortgage Process

Appraisal Buzz

A new study has found that as the industry has embraced more digital advancements, prospective buyers continue to face frustration and friction throughout the loan process. The post Digital Discomfort Remains in the Mortgage Process appeared first on DSNews. The post Digital Discomfort Remains in the Mortgage Process appeared first on Appraisal Buzz.

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December Gains for Private Residential Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% in December after an increase of 0.7% in November 2021. Spending stood at a seasonally adjusted annual rate of $810.3 billion. Total private residential construction spending was 15.0% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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Buyers Report Continued Difficulty Throughout the Loan Process

Appraisal Buzz

Despite tech progress, nine out of 10 consumers feel the loan application process is more or equally as stressful as finding the right home. The post Buyers Report Continued Difficulty Throughout the Loan Process appeared first on theMReport.com. The post Buyers Report Continued Difficulty Throughout the Loan Process appeared first on Appraisal Buzz.

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Home Prices Discourage a Growing Segment of Prospective Buyers

Eyes on Housing

The share of prospective buyers actively trying to find a home fell in both the third (57%) and fourth quarters (52%) of 2021, after reaching a series high of 61% in the second quarter of the year. The downward trend demonstrates how falling levels of housing affordability have discouraged a growing share of potential home buyers from actively engaging in.

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Loan Mod Volume Climbs as Forbearance Exits Continue

Appraisal Buzz

In its latest servicer report, Fitch Ratings reports forbearance plans experiencing a near 50% year-over-year drop, while the percentage of loan modifications has quadrupled. The post Loan Mod Volume Climbs as Forbearance Exits Continue appeared first on DSNews. The post Loan Mod Volume Climbs as Forbearance Exits Continue appeared first on Appraisal Buzz.

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Year-over-Year Gains for Construction Job Openings

Eyes on Housing

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs declined for the month to 337,000 unfilled positions in December. The highest measure in the history of the data series (going back to late 2000) was 445,000 in October 2021. The housing market remains underbuilt and requires.

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Why Homeowners Are Seeking HELOCs 

Appraisal Buzz

Nearly half of consumers seeking a home equity loan across the nation’s 50 largest metros analyzed by LendingTree cited home improvements as the primary reason for tapping into their equity. . The post Why Homeowners Are Seeking HELOCs appeared first on theMReport.com. The post Why Homeowners Are Seeking HELOCs appeared first on Appraisal Buzz.

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Condo Appraisal Protocol Changed

Appraiserblogs

Fannie Mae’s sweeping new national condominium regulations… Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January 1, 2022. The article titled “How can appraisers evaluate aging condos without docs?” from Loop North News has info: From the article: 24-Jan-22 – Fannie Mae’s sweeping new national condominium and co-op apartment lending regulations were created to protect residents, but the tough rules do not cover all the problems, appraisal ex

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Elijah Pallante Named loanDepot CDO

Appraisal Buzz

Consumer lending and real estate services provider loanDepot, Inc., has announced that Elijah Pallante has been promoted to CDO. In this newly created role, Pallante will be responsible for leading the development and implementation of the company’s enterprise data and information strategy. “I am excited to collaborate with George and his team to leverage our proprietary technology … The post Elijah Pallante Named loanDepot CDO appeared first on theMReport.com.

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How Place-Based Special Purpose Credit Programs Can Reduce the Racial Homeownership Gap

Urban

By targeting areas based on racial composition, mortgage financing programs could unwind the impacts of decades of racial and spatial disinvestment.

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A Year in Review

Appraisal Buzz

With the end of the year upon us, it’s important to look back on where we’ve been. During that process, however, it is also important to take the time to … Read More. The post A Year in Review appeared first on Appraisal Buzz.

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[Video] Customer Story: PurAir

GoForrmz

“ The FDA loves that we use GoFormz! ” — Brandon Medlock, IT Lead, PurAir. About PurAir PurAir is a medical oxygen supply company that provides equipment for home care companies, hospitals, and nursing homes. With 95% of their business model focused on oxygen-related equipment, PurAir also offers additional complementary gases and therapy equipment for the convenience of their customers.

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How to Become a Certified General Appraiser

McKissock

As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers, also known as commercial appraisers. As a certified general appraiser, you will enjoy more stable fees, a higher income, and more choices in the assignments you decide to take on. Are you growing tired of appraising simple properties?

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How to Buy and Sell at the Same Time

Lamacchia Realty

HOW TO BUY & SELL AT THE SAME TIME. Buying a new home before selling your current one Homeowners need to remember what is most important in this transaction: getting the most money for your home and buying the property you truly want for the best price you can. Many homeowners aren’t always able to qualify for a mortgage on a new home until they sell their current home.

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Rentometer Accuracy: How Reliable Is It?

Mashvisor

If you’ve ever questioned how much houses and flats rent for in a specific location – whether you’re seeking to rent a property yourself or invest in a rental property…

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How to Properly Vet Your Syndication Partner Before Investing

BiggerPockets

Navigating the syndication labyrinth can be tricky, whether you're investing in your first syndication or have been around the syndication block. As such, we have a few tips to help you out.

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Hottest Airbnb Markets 2022: Where Should You Invest?

Mashvisor

More people are itching to get away this year, and you can cash in on this travel boom by investing in one of the hottest Airbnb markets 2022.

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Inside the revival of Marathon Mortgage

Mortgagebroker News

The company is reaping the rewards in the broker channel after a top-to-bottom restructuring in recent times

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Anthony Lamacchia Featured In Real Producers Magazine

Lamacchia Realty

In February’s edition of Real Producer’s Magazine, Anthony Lamacchia was featured in a Celebrating Leaders article. Beginning on page 26, the spread discusses how Anthony built his business and continues to be a leader in the market. Read the entire article here. . Anthony Lamacchia Featured In Real Producers Magazine. February 1, 2022.

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Rookie Podcast 153: 20 Deals in a Year as a Professional Basketball Player w/ Terry Harris

BiggerPockets

Real estate requires a lot of self-motivation and discipline to succeed. Successful investors know that nothing happens overnight and nothing comes to you easily. Today’s guest, Terry Harris, had the […].

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Rate increases – what could they mean for the housing market?

Mortgagebroker News

Prominent executive on the impact rate hikes could have on the mortgage and housing front

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Intricacies of the Offer Review Date in Residential Real Estate

Will Springer Realtor

Sellers have the option to review offers on their home upon receipt of the bid or in the future, better known as an “offer review date.”. In a hot sellers’ market, establishing a date to examine bids – especially on a popular home in a desired neighborhood – is a common strategy and one that can generate a frenzy among buyers. The seller sets the time when all offers are due, typically 4-7 days after a listing hits the market.

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The State of Commercial Real Estate in Eastern Baltimore County

Willowbrook Valuation

At Willowbrook Valuation, we have extensive experience working with clients throughout the mid-Atlantic region. This gives us an edge when it comes to detecting new developments as they start brewing. As such, we’ve decided to start a new blog series in 2022 focusing on the hottest activity in the areas we service. To kick things […]. The post The State of Commercial Real Estate in Eastern Baltimore County appeared first on Willowbrook Valuation & Advisory Services.

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How accurate is Rentometer? The complete 2022 review

Mashvisor

If you are interested in real estate investing, it is essential you are accessing the most reliable data possible to ensure you will be generating a profit on your investment.