Housing Wire
NOVEMBER 9, 2022
While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels.
GoForrmz
NOVEMBER 9, 2022
GoFormz was selected as a Top Tech Firm in the construction industry. Now in its 20th year of publication, Construction Executive is the leading trade magazine about the business of construction. In its most recent issue, CE published a comprehensive list of The Top Construction Technology Firms ™ – and GoFormz made the list! How Construction Executive’s Top Tech Firm List was Formed CE developed The Top Construction Technology Firms™ list by asking hundreds of firms that provide technology and
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Housing Wire
NOVEMBER 9, 2022
Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.
Eyes on Housing
NOVEMBER 9, 2022
Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 4th, total mortgage activity declined 0.1% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 7.14%. The FRM rate has risen 33 basis points over the past month and has been above 7% for the past three weeks. The Market.
Housing Wire
NOVEMBER 9, 2022
The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Rising interest rates, sparked by Federal Reserve tightening policies, is the primary cause of the mortgage-finance industry’s pain right now.
Riverfront Appraisals
NOVEMBER 9, 2022
One of my favorite things to do is speak to Realtor offices about appraisals. And inevitably, no matter what topic I’m asked to speak on, our discussion turns to FHA appraisals. “What should I be on the lookout for?” “Do I need to make the repairs before listing the house?” “How is an FHA Appraisal […]. The post The Realtor’s Guide to Appraisals Part 11: What Every Realtor Needs to Know About FHA Appraisals appeared first on Riverfront Appraisals.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Robert Weiler Company
NOVEMBER 9, 2022
Managing your Columbus, Ohio property search can seem like a daunting task. After all, there’s a lot to consider. But don’t worry! The Robert Weiler Company has gathered seven helpful tips, sure to assist you in conducting the best property search in Columbus, Ohio as possible. As a full-service commercial real estate and appraisal firm with 85 years of experience, we’re here to help you achieve your goals.
Housing Wire
NOVEMBER 9, 2022
If you work in the mortgage industry, the challenges of the current housing market are likely top of mind. Amid rising interest rates and low housing inventory, the industry as a whole is wondering when the light at the end of the tunnel will finally shine through. Despite the less-than-encouraging statistics and data, a downturn in the housing market doesn’t have to be all doom and gloom.
Lamacchia Realty
NOVEMBER 9, 2022
We are so excited to share that Jason Pincomb has qualified for the 2022 Lamacchia Realty President’s Club by selling 33 homes this year, and that number will only continue to grow! Jason joined Lamacchia realty last year and quickly rose to the top. He qualified for President’s Club in 2021 , was named a Lamacchia Realty Top Producer , and was named an Emerald Level Top Producer through the REALTOR® Association of Central MA (RACM) for being in the top 3% of members.
Housing Wire
NOVEMBER 9, 2022
The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. The company registered a $302 million loss from July to September, mainly due to non-cash transactions. It lost $168 million, or about half of the Q3 losses, in the previous quarter. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle.
Valcre
NOVEMBER 9, 2022
The COVID-19 pandemic changed a lot about the world, and now we are just beginning to see many of the more lasting effects.
Mashvisor
NOVEMBER 9, 2022
Borrowing rates continue their wild roller coaster ride. We see mortgage rates November 2022 hit the 7.00% mark in the first week of the month.
Valcre
NOVEMBER 9, 2022
The COVID-19 pandemic changed a lot about the world, and now we are just beginning to see many of the more lasting effects.
Lamacchia Realty
NOVEMBER 9, 2022
TIPS FOR BUYING YOUR HOME IN TODAY'S MARKET. When looking to the new year, you may be looking for a change or life may bring about circumstances where change is necessary, whether that is a new home down the street or moving to a completely new state. If you are looking to purchase a home this new year, it is crucial to consider the current state of the market while you are conducting your search.
BiggerPockets
NOVEMBER 9, 2022
The new BiggerPockets Pro membership is here, and you should check it out if you want to start, scale, or manage your real estate portfolio. Whether you’re new to investing and need […].
Mortgagebroker News
NOVEMBER 9, 2022
A blowout October job report could have a big impact on the central bank's plan for further hikes
BiggerPockets
NOVEMBER 9, 2022
House flips, opportunity zone investing, student housing—name a real estate strategy, Evan Turner, former NBA player, has probably done it. Unlike most professional athletes, Evan left the league with more […].
Mortgagebroker News
NOVEMBER 9, 2022
Both buyers and sellers are labouring under immense pressure in the current rate-hike environment, company says
George Dell
NOVEMBER 9, 2022
Fannie and Freddie property data will soon become public. Now What? Everyone seems to agree, or even shout! “Give us the data and we can do better!” Even appraisers. Problem. Appraisers have no real training in how to use data. You don’t need to worry about using data when you can just pick five comps. […]. The post More Data – Now What?
Mortgagebroker News
NOVEMBER 9, 2022
Borrowing costs appear unlikely to start falling anytime soon
Will Springer Realtor
NOVEMBER 9, 2022
Bellevue will be abuzz in 2023 with the scheduled opening of a luxury development that will feature a blend of exclusive shops and restaurants, a five-star hotel and two condo towers. Avenue Bellevue is already the talk of the city amid great promise, which I covered in a blog post last year. Construction is only a few floors away from topping out at around 25 stories.
Mortgagebroker News
NOVEMBER 9, 2022
A new affordable housing complex is set to arise in Gibsons, BC
Will Springer Realtor
NOVEMBER 9, 2022
>> The percentage of homes purchased and flipped among all Q2 sales in the U.S. stood at 8.2%, according to ATTOM Data Solutions , making it the third-highest rate since the statistics were first tracked in 2000. The high mark of 9.6% was set in Q1. However, our region of the country is on the opposite end of the fix-and-flip market, with Seattle (4.3% of all sales in Q2) and Bremerton (4.0%) among the bottom five markets for this activity. >> The portion of average U.S. wages required to purcha
Mortgagebroker News
NOVEMBER 9, 2022
The trends in these areas were reflective of the softening market fundamentals across the GTA
Will Springer Realtor
NOVEMBER 9, 2022
Seattle voters will have a say next year when they are asked to accept or reject the establishment of a public developer to create permanent affordable housing. It is potentially one of the more promising steps toward bringing housing to those who cannot meet today’s cost of housing in the city. Initiative 135 will appear on the February ballot. If passed, the city will form the Seattle Social Housing Developer.
Mortgagebroker News
NOVEMBER 9, 2022
The MIC says it benefited from higher interest income brought about by its robust portfolio
Will Springer Realtor
NOVEMBER 9, 2022
It may be damp and cool outside, but the luxury housing market continues to generate hot listings. Here is a selection of some of my new favorites to hit the market. Let’s start with a 4-bedroom, 3-bath , 3276 sq. ft., 1-story with a fully finished basement in the Enatai section of West Bellevue. Custom built in 2019, the home features solid cedar siding with no cuts, walls of windows across the open-plan main floor and pocket glass doors leading to the deck.
Mashvisor
NOVEMBER 9, 2022
Wondering how to make profitable investments in vacation rental properties? You need access to the best source of reliable vacation rental data.
Will Springer Realtor
NOVEMBER 9, 2022
This is the time of year to prepare for the wild seasonal change, as we have shifted from smoke and warm sunshine to rain and other forms of precipitation along with 50 shades of grey. My Living the Dream blog recently tackled a few relevant topics for the home: Five Home Safety Tips to Prepare for the Harshest Weather. Preparing for – and Reacting to – a Home Utility Emergency.
Clear Capital
NOVEMBER 9, 2022
Cherre Announces Partnership with Clear Capital, Expanding Access to Market and Property Information for Investors. Mutual customers can now integrate existing Clear Capital property insights into Cherre’s platform to enable more strategic investment decisions. NEW YORK / November 9, 2022 / Cherre , the leading data integration and insights platform, today announced a new partnership with Clear Capital , a national real estate valuation technology company.
Will Springer Realtor
NOVEMBER 9, 2022
Festive Lights, through Jan. 22 Seattle’s Woodland Park Zoo hosts WildLanterns each year. It features “large-scale animal and nature scape lanterns representing wild places from around the globe,” including bugs, dinosaurs, tigers, peacocks and dragons. A great family treat. Free parking. Closed Thanksgiving, Christmas Eve, Christmas and most Mondays.
Will Springer Realtor
NOVEMBER 9, 2022
You may have noticed that I sometimes focus on society’s failings and how it relates to housing more than the typically optimistic real estate broker. My background as a journalist – more than 25 years in the business before turning to real estate – keeps me curious and looking for possible solutions to our nation’s shortcomings. That is the case this month with a closer examination of our aging population.
Will Springer Realtor
NOVEMBER 9, 2022
The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. You know what happened next: The combined rise in inflation (Have you seen the price of turkeys?!) and jump in mortgage rates of 4 percentage points has created a housing market belly flop.
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