Housing Wire
AUGUST 5, 2022
What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!
Appraisal Buzz
AUGUST 5, 2022
Nearly 72 million people living and working in the U.S. today are part of what’s commonly referred to as the Millennial generation, which currently represents the most significant cohort of the country’s demographics. Additionally, given their outsized role within the nation’s economy and influence on everything from culture to the social and political spheres, CommercialCafe … The post San Jose, California Tops List of Best Metros for Millennials appeared first on DSNews.
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Housing Wire
AUGUST 5, 2022
Amid fears and talk of a recession , job growth in the U.S. remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior , according to data released Friday by the Bureau of Labor Statistics. After this latest job gain, the unemployment rate fell to 3.5%. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic level.
Appraisal Buzz
AUGUST 5, 2022
An upcoming webinar will explain how non-QM products may be the right fit for “out of the box” borrowers, but proper diligence is key to getting these borrowers into the home of their dreams. The post Due Diligence in the Non-QM Space appeared first on DSNews. The post Due Diligence in the Non-QM Space appeared first on Appraisal Buzz.
Housing Wire
AUGUST 5, 2022
Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation.
Appraisal Buzz
AUGUST 5, 2022
The latest American Housing Survey conducted by the Census Bureau for the Department of Housing and Urban Development (HUD) has a disturbing statistic hidden among other larger findings—1 in 20, or 5%, of American homes don’t meet the standard of “a suitable living environment” as defined by the HUD. Any number of things can contribute … The post 1 in 20 Americans Live in Inadequate Housing 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
AUGUST 5, 2022
Credit bureau TransUnion has released its second quarter Credit Industry Insights Report which highlighted how the number of consumers with credit cards and personal loans has reached record highs, driven by an increase in loans to non-prime consumers. “Consumers are facing several challenges that are impacting their finances on a day-to-day basis, namely high inflation … The post The Average Homeowner has $233k in Equity appeared first on DSNews.
Housing Wire
AUGUST 5, 2022
With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. .
Eyes on Housing
AUGUST 5, 2022
Job growth accelerated in July amid higher inflation and growing economic pressures. Total nonfarm payroll employment increased by 528,000, and the unemployment rate edged down to 3.5% in July. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level. In July, residential construction gained 14,100 jobs, and non-residential construction added 18,300 jobs.
Housing Wire
AUGUST 5, 2022
During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. Rocket Companies , the parent company of Rocket Mortgage , despite a less-than-impressive second-quarter earnings performance, appears to recognize that reality.
Eyes on Housing
AUGUST 5, 2022
Headship rates for all age groups have been trending lower over the last two decades, with important implications for the demand for home building. The latest Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC) data show that the pandemic housing boom brought this trend to a halt, with adults ages 35-64 now registering higher headship rates than they.
Housing Wire
AUGUST 5, 2022
With just under two months until HW Annual , it is important to make your hotel reservations now to join us in person for this power-packed event. HW Annual will take place from Oct. 3-5 at the Fairmont Princess Resort in Scottsdale, Arizona. Attendees who register soon can still find a spot in the HW Annual block of rooms, which includes a special $395 per night room rate.
Lamacchia Realty
AUGUST 5, 2022
Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for July 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! July 2022 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years.
Housing Wire
AUGUST 5, 2022
Guild Mortgage ’s second-quarter earnings suggest that a high share of purchase loans won’t necessarily be enough to protect lenders from the most challenging and volatile mortgage market in years. They’ll have to cut costs and grab opportunities as they emerge. The nonbank lender reported a $58.3 million net income from April to June, a 72% decrease from $208 million in the first quarter.
Mashvisor
AUGUST 5, 2022
Attracting new guests is the primary goal of every Airbnb host and property manager. This can be achieved by increasing the visibility of the vacation rental in different channels.
Appraisal Today
AUGUST 5, 2022
VA Approves Desktops and Exterior-Only Appraisals. Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. “The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”.
Mashvisor
AUGUST 5, 2022
Not all rental properties are created equal. As a real estate investor, you must learn to find rental property online that suits your needs.
Mortgagebroker News
AUGUST 5, 2022
However, the apartment and condo sectors continue to yield some of the highest-valued permits nationwide
Buys Brokers Only LLC
AUGUST 5, 2022
During the first half of 2022, the Acton, Massachusetts real estate market saw home prices increase, and sales decrease, while inventory remained tight in June.
Mortgagebroker News
AUGUST 5, 2022
Trend builds on substantial annual increase in Canadian residential mortgage debt last year
Lamacchia Realty
AUGUST 5, 2022
Boston 25 Zip Trips are back and Lamacchia Realty will be there all summer long ! Today we visited Randolph, MA where Jackie Louh discussed the current housing market, the local area, and so much more! Check out the video to the right to learn what the market is up to in that area! The post Boston 25 Zip Trip: Randolph appeared first on Lamacchia Realty.
Mortgagebroker News
AUGUST 5, 2022
Measure is an imprecise way of judging housing market's health, suggests economist
Houston Properties
AUGUST 5, 2022
Compare all Museum District Area Houston condo buildings. Pictures, information, building history are available. We listed all Museum District Houston condos for sale and rent.
Mortgagebroker News
AUGUST 5, 2022
The city has witnessed continued price growth despite the impact of rate increases
Eppraisal
AUGUST 5, 2022
One of the most important tasks you can do to prepare your home for sale is give it a deep cleaning, inside and out. This doesn't just mean surface cleaning. Even though homes are still selling quickly, and home values are still rising, you want to present a clean down to the core home, to prospective buyers. Declutter, Purge, Organize and Pack Cleaning your house doesn't mean just dusting, vacuuming and scrubbing dirty surfaces.
Mortgagebroker News
AUGUST 5, 2022
The impact was especially apparent in home sales activity and average prices
Houston Properties
AUGUST 5, 2022
Paige Martin, Broker Associate with Keller Williams Realty, and the Houston Properties Team are ranked among the top residential Realtors in the world.
Mortgagebroker News
AUGUST 5, 2022
New executive begins work effective Sept.
Houston Properties
AUGUST 5, 2022
Located along the exciting Post Oak Boulevard at the heart of Galleria, the 23-story Cosmopolitan is one of Randall Davis’ constructions.
BiggerPockets
AUGUST 5, 2022
Not knowing how to deal with a bad contractor can cost you thousands, if not tens of thousands, on a single deal. The wrong contractor can cause months more of […].
Houston Properties
AUGUST 5, 2022
A simple approach that you may follow to help you be ready for the home loan application process.
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