Fri.Dec 16, 2022

article thumbnail

Three trends to watch in 2023

Housing Wire

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Buyers 479
article thumbnail

The Size of the Housing Shortage: 2021 Data

Eyes on Housing

Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.

Marketing 189
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy.

Insurance 473
article thumbnail

Need a Property Tax Appeal?

D Fritz Appraisals

What to do When Your Property Tax Assessment Seems Too High. In early January each year, every home in British Columbia receives its property tax assessment notice through the mail from BC Assessment. Some property owners may be surprised and possibly even concerned with their home property assessment amount. Between 2021 and 2022, house prices in BC rose by an average of 23.3% with the increase even steeper in Victoria.

article thumbnail

The winning mindset for LOs looking to get hired

Housing Wire

After the booming volume of the last two years, this year has been more difficult than many expected. Production has dropped significantly, and many lender shops are focused on recruiting more loan officers to help make up the difference. . “As a company, we’ve had to really right-size our teams to make sure that we’re keeping our costs in line with the reduced production that we’re seeing,” said Courtney Graham , chief marketing officer and chief people officer at Princeton Mortgage.

article thumbnail

Larkspur Home Values (Housing Market Trends and Charts)

Realvals

These charts present an accurate depiction of the Larkspur, California housing market using data from the local MLS (BAREIS MLS). This data offers a comprehensive view of the true market trends in the area. These charts are refreshed monthly and each includes a full year of information. * Bookmark this page if you want to keep up with the trends in the Larkspur housing market. *.

More Trending

article thumbnail

20 Best States to Buy Investment Property in 2023

Mashvisor

After a couple of years of turmoil in the real estate market, investors are eager to know the best states to buy investment property in 2023.

article thumbnail

HW+ Member Spotlight: Nicole Fortunaso

Housing Wire

This week’s HW+ member spotlight features Nicole Fortunaso, Head of Marketing at PropStream. Below, Fortunaso answers questions about the housing industry: HW Media: What is your current, favorite HW+ article and why? Nicole Fortunaso: I loved the announcement that you purchased Altos Research and then explored it on Clayton Collins’s Podcast with Mike Simonsen — The Altos CEO.

article thumbnail

Rookie Reply: How to Estimate Rehab Costs and Where to Find the Right CPA

BiggerPockets

Need to know how to estimate rehab costs, even if you’re investing out of state? For most investors, it seems almost impossible to do a full-scale renovation while living hundreds, […].

article thumbnail

What will be a major challenge for the Bank of Canada in 2023?

Mortgagebroker News

Markets observers weigh in on the central bank's policy trajectory next year

article thumbnail

Pros and Cons: Buying A New Construction Home

Houston Properties

All things you need to know about the good, the bad, and the process.

article thumbnail

StatCan on October construction investment levels

Mortgagebroker News

National statistics agency releases latest numbers

article thumbnail

Should I Sell My Houston Home in 2023?

Houston Properties

Pros And Cons Of Selling Your Houston Home In 2023

36
article thumbnail

Rocket reflects on seismic year, looks ahead to 2023

Mortgagebroker News

Rocket reflects on seismic year, looks ahead to 2023

68
article thumbnail

Appraisal Risk and Modernization

Appraisal Today

Industry Insider Insight on Risk and Modernization. Excerpts: The Collateral Risk Network (CRN) met in Sarasota on December 6th to discuss a variety of issues ranging from appraisal turn times to Fannie Mae’s economic outlook for 2023. Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. Lenders want a compliant document that allows the loan package to be sold as quickly as possible, while investors want an appraisal that allows for s

article thumbnail

How fast was the pace of housing starts in November?

Mortgagebroker News

CMHC reports latest on national housing starts

68
article thumbnail

FHA clarifies dual role restrictions for single-family transactions

Housing Wire

The Federal Housing Administration (FHA) issued clarification on Thursday regarding the extent in which employees in single-family housing transactions are allowed to play dual roles — and how much they are allowed to be compensated from a single FHA-insured transaction. The clarification, issued in a Mortgagee Letter by FHA Commissioner Julia Gordon, notes that participants who have “a direct impact on the mortgage approval decision are prohibited from having multiple roles or sources of

Insurance 520
article thumbnail

How strong was Canadian home sales activity last month?

Mortgagebroker News

CREA releases latest national home sales data

68
article thumbnail

Single-Family Permits Continues On A Downward Trend in October 2022

Eyes on Housing

Over the first ten months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 865,815. On a year-over-year (YoY) basis, this is 8.7% below the October 2021 level of 948,321. Year-to-date ending in October, single-family permits declined in all four regions. The South posted a modest decline of 6.8%, while the Midwest and the West regions.