Sacramento Appraisal Blog
MAY 25, 2021
Dear Sellers, How are things? I hope all is well. The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. This is coming from a good place and it’s based on observations and conversations with the real estate community. I hope this helps. […].
Housing Wire
MAY 25, 2021
New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. U.S. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and Bonnie Watson Coleman (D-N.J.) introduced the bill , dubbed the Homes for Every Local Protector Educator and Responder Act, on May 13. The bill would allow borrowers to finance up to 100% of the acquisition price.
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Appraisal Buzz
MAY 25, 2021
Showing no signs of a slowdown, home prices continued to trend upward in March, with 20 major U.S. metros showing double-digit growth year-over-year. The post Home Prices Climb 13.2% YoY in March appeared first on DSNews. The post Home Prices Climb 13.2% YoY in March appeared first on Appraisal Buzz.
Housing Wire
MAY 25, 2021
Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ? roughly 5.9% lower than the revised March rate, according to a joint analysis from the U.S. Census Bureau and the Department of Housing and Urban Development. While homebuilders grapple with supply constraints, demand has yet to be met.
Appraisal Buzz
MAY 25, 2021
U.S. home prices continued to surge in March, rising 1.5% on an adjusted basis compared with February and jumping a whopping 13.2% compared with March 2020, according to the S&P CoreLogic Case-Shiller home price index. Lack of inventory coupled with pent-up demand for homes – plus low mortgage rates – has resulted in home price appreciation surging to new historical highs.
Housing Wire
MAY 25, 2021
The semi-annual “Realtors Legislative Meeting” of the powerful National Association of Realtors wrapped up earlier this month with the election of new leadership, and the NAR telling regional Multiple Listings Service’s what to do on listing addresses ( post them all !). But the session did not reach a looming inflection point for real estate agents: Whether they must tell homebuyers what commission percentage they stand to make.
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Housing Wire
MAY 25, 2021
Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. The addition of Cloudvirga, founded in 2016 and used by 10 of the country’s top 40 mortgage lenders, strengthens Stewart’s positioning in the mortgage finance space, said Fred Eppinger, Stewart CEO.
Appraisal Buzz
MAY 25, 2021
AmeriHome Mortgage agrees to sell bulk mortgage servicing rights to Ocwen as the company continues to add new servicing in 2021. The post Ocwen Enters Into $48 Billion MSR Deal appeared first on DSNews. The post Ocwen Enters Into $48 Billion MSR Deal appeared first on Appraisal Buzz.
Housing Wire
MAY 25, 2021
Home prices accelerated yet again in March, for the 10th straight time. In fact, they rose 13.2% from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. The March gain is also the largest since December 2005 and is one of the largest in the index’s 30-year history, said Craig Lazzara, managing director and global head of index investment strategy at S&P DJI.
Appraisal Buzz
MAY 25, 2021
It’s a challenging market for millennial, first-time house hunters—a new report examines how some managed to accumulate enough for a down payment. The post Pandemic Savings Helped Some Secure Homeownership appeared first on DSNews. The post Pandemic Savings Helped Some Secure Homeownership appeared first on Appraisal Buzz.
Housing Wire
MAY 25, 2021
San Francisco-based Snapdocs , a digital closing platform for the mortgage industry, has announced a $150 million Series D funding, bringing the company’s total funding to $260 million and total valuation to more than $1.5 billion. The round was led by Tiger Global , with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon and Wellington Management.
Appraisal Buzz
MAY 25, 2021
With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on theMReport.com. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on Appraisal Buzz.
Eyes on Housing
MAY 25, 2021
In March, national home prices continued to rise at a fast — and unsustainable rate — pushed by strong demand and low housing inventory. Home price appreciation accelerated in most metro areas. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 20.0% in March, following.
Appraisal Buzz
MAY 25, 2021
Money saved during the pandemic could help some secure first-time homeownership—a new report examines that and other methods for raising funds to compete in a sellers’ market. The post Millennials and Homebuying: How They Made the Down Payment appeared first on theMReport.com. The post Millennials and Homebuying: How They Made the Down Payment appeared first on Appraisal Buzz.
GoForrmz
MAY 25, 2021
Keep your remote team efficient, connected, and productive with digital forms and data capture As remote and hybrid teams become more common in the modern workplace, digital forms have emerged as a powerful tool for streamlining communication and collaboration. Digital forms allow your operation to easily digitize its existing work forms for use on phones, tablets, and computers, or create completely new versions.
Appraisal Buzz
MAY 25, 2021
Stewart CEO Fred Eppinger says the addition will accelerate the company’s digital offerings in all markets. The post Stewart Acquires Fintech Company Cloudvirga appeared first on theMReport.com. The post Stewart Acquires Fintech Company Cloudvirga appeared first on Appraisal Buzz.
Urban
MAY 25, 2021
Recent evaluation of the ROSS-SC program reveals how service coordinators connect residents to services in times of crisis, in addition to focusing on longer-term health and education needs.
Appraisal Buzz
MAY 25, 2021
McKissock is always looking for new and better ways to support appraisers in their career beyond continuing education. That’s why we’ve partnered with Anow, an industry leader in business management software for real estate appraisers, to give our Unlimited Learning Members 20% off Anow products as well as a 14-day free trial. This is just one of many industry partner discounts that we offer as a part of membership.
Working RE
MAY 25, 2021
“One of the best courses that I have had in 17 years!” -Amy H >> OREP E&O ????? “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt Editor’s Note: Take the NEW 2021 Appraiser Fee Survey online now at WorkingRE.com/2021survey. New Coverages Appraisers Should Be Aware Of by Isaac Peck, Editor As the appraisal […].
Appraisal Buzz
MAY 25, 2021
A new podcast explores the effects of foreclosure moratoriums on housing supply and affordability and more. The post How Will the Market Respond to Expiring Forbearance Plans? appeared first on DSNews. The post How Will the Market Respond to Expiring Forbearance Plans? appeared first on Appraisal Buzz.
BiggerPockets
MAY 25, 2021
Bad investing advice usually isn't malicious—but it can have devastating consequences for your financial future. As real estate investors, it’s up to us to do our due diligence. That’s why we’ve put together this litmus test to know if you're receiving good or bad advice.
Lamacchia Realty
MAY 25, 2021
LAMACCHIA REALTY PASSES 400 AGENT MILESTONE. As of May 17th, Lamacchia Realty has surpassed the incredible milestone of 400 active agents within the company. The growth in agent count has been exponential since May of 2019 when Lamacchia announced that it had surpassed 200 agents and, most recently in September of 2020, 300 agents. Lamacchia has expanded and adjusted their leadership team from 9 to 16 members since 2019 to be able to handle the explosive growth.
BiggerPockets
MAY 25, 2021
When buying a home for the first time, it’s understandable to make mistakes. However, some things can be avoided if you take the time to truly assess what kind of home you’re capable of owning.
McKissock
MAY 25, 2021
For more real estate professionals, the first year is the hardest. However, our new study, published in our 2020-2021 Real Estate Income Report , reveals a big incentive for sticking around: the average real estate income doubles after year one. Agents in our study reported earning an average of approximately $15,000 when they had been in business for under a year.
BiggerPockets
MAY 25, 2021
A familiar voice pops in for this episode of the Rookie Podcast, it’s David Greene! The real estate agent, investor, entrepreneur, and co-host of the BiggerPockets Real Estate podcast joins […].
McKissock
MAY 25, 2021
McKissock is always looking for new and better ways to support appraisers in their career beyond continuing education. That’s why we’ve partnered with Anow, an industry leader in business management software for real estate appraisers, to give our Unlimited Learning Members 20% off Anow products as well as a 14-day free trial. This is just one of many industry partner discounts that we offer as a part of membership.
Will Springer Realtor
MAY 25, 2021
By Jamie Wiebe. New backsplash? You’ve done it. Upgrading a faucet? No problem. You’re a DIY master. But what about that electrical issue? Or fixing a leaky roof? Even though you (and your BFF, YouTube) have pulled off many do-it-yourself projects, you know there are some you have no business trying on your own. But what about those projects that fall somewhere in between “I got this” and “I’m calling the pros?
Mashvisor
MAY 25, 2021
If done right, investing in real estate is one of the best ways to generate income and build wealth.
Mortgagebroker News
MAY 25, 2021
One expert says house prices have risen three-fold in the past decade
Lamacchia Realty
MAY 25, 2021
COMMON FLORIDA. HOME INSPECTION FINDINGS. Florida is a beautiful state; there is no doubt about that. And, no matter which Florida city you decide to go or move to, you will see beautiful homes – both houses and buildings. However, when you or your home inspector looks closely at them, you could find some flaws. In some cases, those flaws may be relatively minor and easy on your wallet.
Mortgagebroker News
MAY 25, 2021
Protracted inflation growth over the next few years will be a major factor
Eppraisal
MAY 25, 2021
If you are a veteran of the United States Armed Forces, an active duty servicemember or an eligible surviving spouse of a veteran, you may be eligible for a Veteran Affairs (VA) home loan. A VA home loan has advantages over a traditional loan that may help you become a homeowner. VA home loans are provided by private lenders and according to the website, benefits.va.gov, the United States government guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.
Mortgagebroker News
MAY 25, 2021
The company says it is benefiting from momentum built up during the latter part of 2020
Housing Wire
MAY 25, 2021
The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. While the fintech revolution has transformed the mortgage industry over the past 15 years — improving the borrower’s experience by reducing friction and increasing the speed of loan approvals — appraisal syst
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