Housing Wire
FEBRUARY 24, 2022
Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. During large-scale disruptions, investors often flee to safer options, such as U.S. Treasury notes, bonds and mortgage-backed securities. All things being equal, that dynamic tends to put downward pressure on mortgage rates.
Cleveland Appraisal Blog
FEBRUARY 24, 2022
Hello everyone! Home businesses are becoming more common these days. This week, I welcome back guest blogger June Duncan, who wrote this article for the Cleveland Appraisal Blog. I hope you enjoy her great tips on moving and starting a home business! Part of running a home business successfully depends on having a home that works well for your lifestyle and your business.
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Housing Wire
FEBRUARY 24, 2022
Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If you read our SPAC filings,” Opendoor co-founder Keith Rabois, who is no longer part of company leadership, tweeted in November , “We explained how our algorithms actually work vs.
Appraisal Buzz
FEBRUARY 24, 2022
By many metrics, 2021 was the best year on record for the housing market, millions flocked to the market snapping up anything they could afford due to rising prices and rock-bottom interest rates. But one metric in particular, the U.S. homeownership rate, saw its biggest rise in history—1.3% to 65.5%—the highest increase on record and … The post U.S. homeownership Rate Rises to Post-Recession High appeared first on DSNews.
Housing Wire
FEBRUARY 24, 2022
The average 30-year-fixed mortgage rate averaged 3.89% for the week ending Feb. 24, down three basis points from the prior week, according to Freddie Mac ‘s latest mortgage survey. “Even with this week’s decline, mortgage rates have increased more than a full percent over the last six months,” said Sam Khater, Freddie Mac’s chief economist. “Overall economic growth remains strong, but rising inflation is already impacting consumer sentiment, which has markedly declined in recent months.
Appraisal Buzz
FEBRUARY 24, 2022
ATTOM released its first-quarter 2022 Vacant Property and Zombie Foreclosure Report showing 1.4 million residential properties throughout the U.S. are vacant. Although foreclosures continue to rise, overall vacancy rates have decreased in 38 states from Q1 of 2021 to Q1 of 2022. The report analyzes publicly recorded real estate data collected by ATTOM, including foreclosure … The post Vacant Homes Slowly Decline as Foreclosures Rise appeared first on DSNews.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
FEBRUARY 24, 2022
Request for input seeks to strengthen, and provide transparency, required capital and liquidity for GSE seller/servicers with different business models. The post FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers appeared first on DSNews. The post FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers appeared first on Appraisal Buzz.
Housing Wire
FEBRUARY 24, 2022
Home Point Capital CEO Willie Newman. Home Point Capital , the parent company of wholesale lender Homepoint , turned a $19.3 million profit in the fourth quarter, a sequential decline from the $71 million it notched in the third quarter as margins dropped and revenues fell. The lender told investors Thursday morning that the gain-on-sale margin fell to just 59 basis points, a decline from 84 bps in Q3 and 216 bps in Q4 2020.
Appraisal Buzz
FEBRUARY 24, 2022
The results of Freddie Mac ’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 3.89% with an average 0.8 point for the week ending February 24, 2022, down from last week when it averaged 3.92%. A year ago at this time, the 30-year FRM averaged 2.97%. “Even with this week’s decline, mortgage rates have increased more than a full percent over the last six months,” said Sam Khater, Freddie Mac’s.
Housing Wire
FEBRUARY 24, 2022
HousingWire recently spoke with LERETA CEO John Walsh about what servicers should be doing to anticipate tax issues this year and how LERETA balances technology and human expertise. HousingWire: Taxes are never a very popular subject with consumers, and you think this is going to be even more unpopular this year. Why is that, John, and what should servicers be doing to anticipate issues?
Appraisal Buzz
FEBRUARY 24, 2022
Ellington Financial Inc. , a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, has entered into a definitive agreement to purchase an additional 49.6% ownership interest in Longbridge Financial LLC from Home Point Capital Inc. for approximately $75 million. Longbridge is a national reverse mortgage loan originator and servicer.
Raleigh Realty
FEBRUARY 24, 2022
What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Homes under contract in real estate mean there is a contract on the home and is pending sale OR the home is listed as a contingent real estate listing, it could also mean the property is 'active under contract' as you'll see in Charlotte - All have small differences in th
Appraisal Buzz
FEBRUARY 24, 2022
The Consumer Financial Protection Bureau (CFPB) recently outlined options to ensure that computer models used to help determine home estimates are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses. When underwriting a mortgage, most lenders require an appraisal, which is the estimated value of the home. … The post Automated Valuation Models to Accurately Estimate Homes appeared first on DSNews.
Raleigh Realty
FEBRUARY 24, 2022
If you are moving to Chapel Hill you are going to find out real fast why people love living here. In fact, we have Chapel Hill on our list of best places to live in North Carolina So let's dive in and learn more about what it's like living in Chapel Hill Chapel Hill has stood since 1871 and has grown into a city with a great deal to offer to any who may be looking for a new place to call home.
Eyes on Housing
FEBRUARY 24, 2022
Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. In the fourth quarter, the Multifamily Production Index (MPI) increased one point to 54 from the previous quarter while Multifamily Occupancy Index (MOI) decreased six points to 69.
GoForrmz
FEBRUARY 24, 2022
GoFormz and Salesforce customers can now leverage a direct integration between their GoFormz digital forms and Salesforce records We are thrilled to announce that we have launched an integration on the Salesforce AppExchange! With this integration, users can input data directly into digital forms on their phones, tablets, and computers, and instantly update or create corresponding Salesforce records.
Mashvisor
FEBRUARY 24, 2022
We compare the top four short-term rental investment platforms against each other: Beyond Pricing vs PriceLabs vs AirDNA vs Mashvisor.
BiggerPockets
FEBRUARY 24, 2022
Multifamily investing can be a tricky path to navigate—especially right now. And, in this overheated market, you're going to need to make some big changes with your multifamily properties to break even.
Mashvisor
FEBRUARY 24, 2022
Airbnb and other STRs or rentals of less than 30 days are illegal in Clark County.
BiggerPockets
FEBRUARY 24, 2022
If you want to know how to save money, just look at your expenses. Odds are, if you’re like most people, you aren’t budgeting or tracking your expenses to a […].
Mashvisor
FEBRUARY 24, 2022
Pro forma real estate is a way to analyze a potential investment property to make sure that it will generate high returns.
Mortgagebroker News
FEBRUARY 24, 2022
The city has seen stunning price growth in recent times, with little sign of an imminent cooldown
San Jose Real Estate
FEBRUARY 24, 2022
The real estate market in the Los Gatos Mountains is very different from the “in town” Los Gatos housing market and really deserves its own separate treatment. The mountain area includes areas both in Santa Clara County and also Santa Cruz County, but the data here will reflect only the area within Santa Clara County. […].
Mashvisor
FEBRUARY 24, 2022
New York City. The Big Apple. The city that never sleeps. Is it a good idea to start an Airbnb arbitrage NYC in the city?
Mortgagebroker News
FEBRUARY 24, 2022
The next segment of the challenge will focus on housing in Canada's northern and remote regions
On Q Financial
FEBRUARY 24, 2022
Now that pandemic restrictions have eased a bit, many are looking for fun activities to enjoy with family and friends. However, not all of us have the budget for expensive outings. If you’re in Tempe looking for fun, low-cost ideas, we have you covered! This college town offers plenty of amenities and attractions for locals and visitors alike.
Mortgagebroker News
FEBRUARY 24, 2022
The bank's first-quarter earnings arrive amid continuing challenges posed by COVID-19
Housing Wire
FEBRUARY 24, 2022
The new home sales report came in as a miss of estimates at 803,000, but positive revisions make the report much better than the headline. To be honest here, the new home sales market is stuck for now. While housing permits have been growing, completions have gone nowhere for years. The builders have pushed their pricing power on American consumers, and as long as new home sales can grow, they will use their pricing power to offset all the other costs in this economy of higher prices and shortag
Mortgagebroker News
FEBRUARY 24, 2022
Resurgent immigration is expected to drive sales activity this year
Housing Wire
FEBRUARY 24, 2022
Rocket Companies CEO Jay Farner. No mortgage lender in America capitalized on the pandemic-driven refi boom better than Rocket Mortgage. The Detroit-based company, with a ready-built infrastructure and top-notch brand recognition, was uniquely positioned to absorb historic mortgage demand as others struggled to get out of the gates. In 2020, Rocket’s parent company notched $9.4 billion in profit on the strength of $320 billion in mortgage originations.
Mortgagebroker News
FEBRUARY 24, 2022
Availability is at a new low while rental rates have surged over the last few years
Housing Wire
FEBRUARY 24, 2022
Despite a 1.6% drop in U.S.-based agent count and a net loss of $15.6 million in 2021, RE/MAX Holding Inc., executives were positive about the Denver-based franchisor’s performance during the firm’s fourth quarter earnings call with investors on Thursday, thanks to RE/MAX’s organic revenue growth. During 2021, RE/MAX generated $329.7 million in total revenue, up 23.9% from 2020.
Mortgagebroker News
FEBRUARY 24, 2022
Women and minorities are making their mark in the mortgage space
Raleigh Realty
FEBRUARY 24, 2022
Pros and Cons of Using Opendoor to Sell Your Home Selling your home to Opendoor is worth it for people who are looking for a more convenient sale rather than higher profits. The following pros and cons of using Opendoor will give you a great indication if working with Opendoor is the right decision for you. iBuyer companies are popping up everywhere around the country with several here in the Raleigh area including Opendoor, Offerpad, Zillow, and more.
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