Housing Wire

APRIL 15, 2022

Top depositary mortgage lender Wells Fargo & Co. announced this week that it has committed $210 million to advance racial equity in homeownership in the United States, following a Bloomberg investigation that found the bank approved fewer than half of Black applicants for a home refinancing in 2020. Kristy Fercho, CEO of Wells Fargo Home Lending, said in a statement that the initiative will help close the homeownership created by decades of systemic inequities, and the bank is “taking meanin

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Lending Mortgage Marketing 397

Appraisal Buzz

APRIL 15, 2022

Twenty-year HR vet joins Pretium, replacing the retiring Donna Winston, to lead human resources and talent acquisition efforts. The post Laura Cappiello Joins Pretium as Chief Human Resources Officer appeared first on DSNews. The post Laura Cappiello Joins Pretium as Chief Human Resources Officer appeared first on Appraisal Buzz.

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Housing Wire

APRIL 15, 2022

For a word that is synonymous with wonderful and outstanding, the word “great” hasn’t been associated with positive events in the housing space. From the Great Recession to the Great Resignation, the word great is more aligned with it’s other definition — something that is notably large in size, which doesn’t sound remotely wonderful. While the Great Recession happened more than a decade ago, the Great Resignation is top of mind for leadership teams and team members, as you try to navigate attra

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Appraisal Buzz

APRIL 15, 2022

According to a new report from Redfin, it was the hottest March ever recorded for the housing market, with homes selling at their fastest pace and for more above list price than any other March on record. The median home-sale price rose 6.2% in March, the fastest month-over-month gain at this time of year since … The post Hottest March on Record appeared first on DSNews.

Housing Market 195

Housing Market Appraisal Marketing 195

Eyes on Housing

APRIL 15, 2022

Over the first two month of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 170,716. On a year-over-year (YoY) basis, this is a 3.5% increase over the February 2021 level of 164,901. Year-to-date ending in February, single-family permits declined in two out of the four regions. The South posted an increase of 7.6% while the Midwest.

Construction 152

Construction Marketing 152

Appraisal Buzz

APRIL 15, 2022

In recent years, green and high-performance properties have captured a rapidly growing share of the new home market in the U.S.—and this trend is expected to continue in 2022. As an appraiser, you know it takes a certain level of specialized knowledge and skill to value these types of complex properties. Do you work in an area where it makes sense to specialize in green home appraisals ?

Marketing 195

Marketing Appraisal 195

Appraisal Buzz

APRIL 15, 2022

Nations Lending , a national full-service mortgage lender, has added to its executive team by bringing in Cindy Baird as executive vice president of national operations. The move comes as the company continues to make strategic investments in both retail branch expansion and internal operations, namely in the underwriting, processing and post-closing departments.

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Retail Lending Development Investing 195

Mashvisor

APRIL 15, 2022

MLS real estate listings are an essential part of buying or selling a real estate property. What are these listings and how helpful are they? Table of Contents No Realtor?

Real Estate 68

Real Estate Realtors Tools Investors 68

Appraisal Buzz

APRIL 15, 2022

Early-stage homebuying demand continues to falter this spring as new listings fell 7% from a year earlier, according to a new report from Redfin. At the same time, the average 30-year fixed mortgage rate shot up to 5% and the median asking price climbed to $397,747, sending the typical homebuyer’s monthly payment up 35% year over year to an all-time high of $2,288.

Sellers 195

Sellers New Listings Appraisal Mortgage 195

Mashvisor

APRIL 15, 2022

If you’re thinking of investing in a vacation rental, your vacation rental pro forma will guide your decision on whether to invest in a property.

Investing 68

Investing Real Estate Investors 68

Appraisal Buzz

APRIL 15, 2022

Kerry Medel of Brookstone Management discusses the impact of the pandemic on field servicing, and how the industry not only kept people in their homes, but put more people in homes. The post Preserving the Property Preservation Space appeared first on DSNews. The post Preserving the Property Preservation Space appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Mashvisor

APRIL 15, 2022

If you’re wondering what a real estate commission calculator is, and how to use it, then you’ve come to the right place.

Real Estate 68

Real Estate Tools Investors Investing 68

Appraisal Buzz

APRIL 15, 2022

Kerry Medel of Brookstone Management discusses the impact of the pandemic on field servicing, and how the industry not only kept people in their homes, but put more people in homes. The post Preserving the Property Preservation Space appeared first on DSNews. The post Preserving the Property Preservation Space appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

BiggerPockets

APRIL 15, 2022

This week’s question comes from Kurt through Ashley’s Instagram direct messages. Kurt is asking: We’d like to buy a vacation property with my brother and sister-in-law. My wife and I […].

Real Estate 58

Real Estate Law 58

Appraisal Buzz

APRIL 15, 2022

The lack of affordable homes is now firmly seated as the top reason holding potential buyers back from entering the housing market, according to a new study from the National Association of Realtors (NAR). This finding comes to us from the 2022 Obstacles to Homebuying Report published by the NAR. To complete the survey the … The post Affordability, Down Payments Cited as Barriers to Homeownership appeared first on DSNews.

Realtors 150

Realtors Housing Market Buyers Appraisal 150

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. This topic is something very near and dear to my heart because going back to the summer of 2020, I have said that one of the only factors that could cool down the housing market was the 10-year yield getting over 1.94%, which would result in higher mortgage rates.

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Housing Market Marketing Mortgage Inventory 500

Eppraisal

APRIL 15, 2022

There is so much beauty that comes in the springtime. The brown, dormant grass and trees come alive as they burst with green, new life. Flowering trees, bushes and perennials bloom. Colorful flowers are always a favorite in the spring and summer. Landscaping beds, gardens and flowerpots can add so much beauty to your home. Believe it or not, it can also add to your property value.

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Housing Wire

APRIL 15, 2022

Fannie Mae ’s national housing survey from last year found that consumers believe that housing in their area is becoming less affordable and more difficult to find, contributing to their lack of enthusiasm to move. According to the survey conducted in the third quarter of 2021, 69% of participants share these sentiments. This marks a 20-plus percentage increase in consumer perception compared to five years ago, when only 45% of participants felt this way.

Inventory 384

Inventory Supply Chain Mortgage Marketing 384

The Robert Weiler Company

APRIL 15, 2022

What’s the worst kept secret this year? Well, it could be that commercial space for rent in Columbus, Ohio, is booming. Why? Thanks to a confluence of factors, namely an influx of younger residents, robust institutions of higher learning, a fortuitous location smack dab within a few hours’ drive of the bulk of the U.S. population, and a lower cost of living as compared to the coasts.

Tenants 144

Tenants Landlords Property Taxes Insurance 144

Housing Wire

APRIL 15, 2022

This week’s HW+ member spotlight features Nicollette Chapman, who serves as vice president of the mortgage division at Zonda. With more than 20 years of industry experience, Chapman has also held leadership roles at AmeriFirst Financial , Clear Title Agency of Arizona , and First American Financial Corporation. Below, Chapman answers questions about the housing industry: HousingWire: What were some of your biggest takeaways from last year’s HW Annual event?

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Real Estate Real Estate Agent Business Housing Market 370

Appraisal Buzz

APRIL 15, 2022

Fannie Mae has published the Fannie Mae Home Price Index (FNM-HPI), a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos. The FNM-HPI accelerated in Q1 2022 to its fastest annual pace in the 47-year history of the index, measuring 20% year over year, non-seasonally adjusted, up from the 19.1% annual rate recorded in Q4 2021.

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Housing Wire

APRIL 15, 2022

Much has been written about the decline in the numbers of active real estate appraisers creating a chokepoint in the mortgage process. But another talent crunch has been brewing at the same time in the title industry. It’s a similar story that we’ve seen play out with appraisers — the title and escrow industry is aging out and attracting new talent has been a challenge.

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Technology Real Estate Clients Business 370

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? One day, we will be reminiscing with the next generation about how there was once only a 2.5-week supply of homes for sale. We will tell them how after the once-in-a-century pandemic , the average home sale price increased dramatically. In 2021 alone, prices increased 19%. So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December.

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Marketing Sellers Buyers Inventory 67