Housing Wire

JULY 7, 2022

Roughly eight in 10 consumers participating in a recent survey are frustrated with the housing market, inflation and the increasingly worsening economy — reflecting record-setting dissatisfaction from respondents of Fannie Mae ‘s Home Purchase Sentiment Index (HPSI). The index, which tracks consumer confidence in the housing market, fell 3.4 points from May to June, dropping to 64.8 — its second-lowest reading in a decade.

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Housing Market Mortgage Marketing 462

Appraisal Buzz

JULY 7, 2022

Fannie Mae ’s Home Purchase Sentiment Index (HPSI) shows a decrease of 3.4 points in June to 64.8, its second-lowest reading in a decade. Surveyed consumers continue to express pessimism about homebuying conditions, with only 20% of respondents reporting it’s a good time to buy a home, while the percentage of consumers who believe it’s a “Good Time to Sell” fell from 76% to 68% this month.

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Housing Market Marketing Appraisal 369

Housing Wire

JULY 7, 2022

Purchase mortgage rates this week continued their recent downward trend, dropping 40 basis points to 5.30%, according to the latest Freddie Mac PMMS Index. A year ago at this time, 30-year fixed rate purchase rates were at 2.90%. The PMMS, a government-sponsored enterprise index, accounts solely for purchase mortgages reported by lenders during the past three days.

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Mortgage Government Technology Housing Market 454

Appraisal Buzz

JULY 7, 2022

The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 3.4 points in June to 64.8, its second-lowest reading in a decade, according to their latest report. Surveyed consumers continue to express pessimism about homebuying conditions, with only 20% of respondents reporting it’s a good time to buy a home, while the percentage of consumers who … The post Roughly 81% of Consumers Believe Economy Is on the ‘Wrong Track’ appeared first on DSNews.

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Appraisal 195

Housing Wire

JULY 7, 2022

Enact Holdings Inc., the holding company for Enact Mortgage Insurance Co. , has inked a deal with five lenders that have agreed to extend a $200 million revolving line of credit to the company. The credit facility will be used for working capital and other corporate purposes as well as for capital contributions to its insurance subsidiaries. Enact (Nasdaq: ACT), formerly known as Genworth Mortgage Insurance Corp., announced the new five-year credit facility in a filing with the U.S.

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Insurance Mortgage Finance Investing 407

Appraisal Buzz

JULY 7, 2022

Freddie Mac ’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.30% with an average 0.8 point as of July 7, 2022, down from last week when it averaged 5.70%. A year ago at this time, the 30-year FRM averaged 2.90%. “Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise,” says Sam Khater, Freddie Mac’s.

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Mortgage Appraisal Marketing 195

Appraisal Buzz

JULY 7, 2022

A survey of 1,000 U.S. homeowners has found that more than half polled believe that their home improvement and home renovation projects will take longer than originally estimated. The post Home Renovations: A Time-Sensitive Proposition appeared first on DSNews. The post Home Renovations: A Time-Sensitive Proposition appeared first on Appraisal Buzz.

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Renovations Home Improvement Appraisal 150

Eyes on Housing

JULY 7, 2022

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.5 months, according to the 2021 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2021 inched up from 2020, decelerating the upward trend since 2013. The average time to build multifamily homes varies with the number of units in.

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Construction 141

Appraisal Buzz

JULY 7, 2022

Much of the future available inventory will created by the aging-out of the oldest generations; by some estimates more than 4 million existing homes will hit the market in the next decade due to the finite morality of older homeowners, but experts believe this will only lead to a “minimal excess” in housing supply and … The post As Boomers Age Out, No Effect on Inventory Expected appeared first on DSNews.

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Inventory Appraisal Marketing 195

Appraiserblogs

JULY 7, 2022

What makes equity so invidious as a governing tenet is that it involves not just helping people of one racial or cultural group but it has the effect of knocking struggling members of disfavored groups out of the game. One type of parlor game relies on players’ ability to maintain their memory, logic and articulation – all while getting blotto. These alcohol-fueled “think and drink” games are highly challenging.

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Training Appraisal Government Lending 123

Yolo Solano Appraisal Blog

JULY 7, 2022

It’s tough to be a renter in the Sacramento market now. Per the US Census Bureau, the Q1 2022 rental vacancy rate dropped to 3.0%. Good luck to anyone trying to find a home to rent.

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Real Estate Agent Real Estate Agents Appraisal 78

The Robert Weiler Company

JULY 7, 2022

If you have been an avid investor over the last few years, you know there hasn’t been a better buy than Columbus real estate. Home prices and sales continue to trend upwards, population growth shows no sign of slowing down, and business expansion is seemingly the norm. So, why are you waiting to make that commercial real estate investment? The Arch City has not only a diverse population but also many different types of commercial properties for sale , which are ripe for your investment.

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Real Estate Investing Tenants Retail 78

Birmingham Appraisal

JULY 7, 2022

What Are Some Reasons Your Home May Not Appraise? With the current shift in the real estate market, we may see changes in sales activity that will affect your home’s value. The market is constantly changing and it is important to keep up with what is happening if you want to stay current on property values. Today we’ll look at some reasons your home may not appraise.

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Appraisal Marketing Contracts Buyers 63

Lamacchia Realty

JULY 7, 2022

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for June 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! June 2022 Winners of the Top 10 for the Company are: Lisa Gray is an experienced REALTOR® working out of the Chelmsford office and is licensed in both MA and NH!

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Realtors Realty Real Estate Clients 69

Mashvisor

JULY 7, 2022

A career in real estate is worth looking into. Those who are looking for the best real estate jobs that pay well just need to know where to look.

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Real Estate Investors Agents 69

East Coast Appraisal

JULY 7, 2022

?. A property appraisal is essential in the real estate industry. It aids in determining the property's market value, ensuring the buyer can acquire it at a fair price. This blog will discuss specific errors that may impact the valuation process and which should be avoided during property appraisal. . 1. Fabricating the Property's Information. Do not provide false information to sway the appraisal's outcome.

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Property Appraisal Appraisal Valuation Appraisal Process 52

Hank Miller Team

JULY 7, 2022

The great Atlanta real estate market adjustment of 2022 is upon us. As everything shifts, the main players are whispering around the water cooler.will low appraisals be a problem now? Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity.

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Appraisal Real Estate Agent Contracts Real Estate 52

BiggerPockets

JULY 7, 2022

When building your budget, do you have a line designated for “economic downturn” or “high inflation?” Probably not. Many financial freaks like Carl and Mindy Jensen don’t prepare for economic […].

Design 59

Design 59

Mortgagebroker News

JULY 7, 2022

Entries are now open for CMP's annual list of Canada's top emerging young industry talent

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BiggerPockets

JULY 7, 2022

Andrew Bresee never wanted to work for someone else. “I don’t want to build somebody else’s dream,” he says. “I want to build mine.” And that was his motivation for […].

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Investors Real Estate 59

Mortgagebroker News

JULY 7, 2022

Another alternative lender decides to hit pause amid market downturns

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Construction Marketing 68

BiggerPockets

JULY 7, 2022

Everyone wants to know how to invest during a recession. We get it—things aren’t looking too good. Inflation is crossing all-time high territory, your rent is going up and so […].

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Investing Marketing 58

Mortgagebroker News

JULY 7, 2022

The cost of the commodity has plummeted from the highs of last year

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Lamacchia Realty

JULY 7, 2022

Gerry Bourgeois was recently featured in an article from Boston Agent Magazine discussing “communities with perceived better school systems tend to hold their value better” – Gerry Bourgeois. The article talks about how school systems play a big factor in people’s home search, how a better school system helps communities increase the area value, and more.

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Agents Realty 36

Mortgagebroker News

JULY 7, 2022

The market has taken a hit – and it's a big one

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Marketing 67

Housing Wire

JULY 7, 2022

In May, we announced our intention to acquire Black Knight. Since the announcement , we have heard from a number of lenders and partners about their excitement over our ability to accelerate the digital journey of our industry, our ability to invest in the modernization of the MSP servicing platform, and the open technology approach we bring to the deal.

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Modernization Technology Investing Mortgage 417

Mortgagebroker News

JULY 7, 2022

Conditions point to a downward trend, says association

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Marketing 63

Housing Wire

JULY 7, 2022

Can Fannie Mae ’s housing equity plan make a meaningful dent in the 30 percentage point racial homeownership gap without a broad review of loan pricing? Top brass at Fannie Mae, in a Thursday webinar discussing its new equitable housing finance plans, argued it can. “The list of potential obstacles across the Black housing journey — it’s long,” said Katrina Jones, Fannie Mae’s vice president of racial equity strategy and impact.

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Lending Insurance Development Mortgage 417

Mortgagebroker News

JULY 7, 2022

Half a million square feet of space is now available

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GoForrmz

JULY 7, 2022

Easily Collect and Store Files Online Say goodbye to countless email attachments and streamline your file upload process – add the File Attachment Field to any form to collect documents, files, photos, music, and more. Whether you’re on desktop or the mobile forms app , GoFormz can attach and route your files to wherever you need them to go. Here are 3 ways your team can leverage file attachments. 1.

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Inspection Construction Clients 78

Appraisal Buzz

JULY 7, 2022

Floify , a subsidiary of Porch Group Inc., has released its new Single Sign-On (SSO) functionality. The SSO provides lenders and loan originators with a quick and simple way to make the mortgage process even easier and more secure for borrowers. SSO utilizes a centralized authentication service where one set of login credentials can be used to access multiple systems and applications.

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Appraisal Mortgage 370

Appraisal Buzz

JULY 7, 2022

One of the most effective reforms to Fannie Mae and Freddie Mac during their 14 years in conservatorship was the 2019 introduction of the Uniform Mortgage Backed Security (UMBS), a single security backed by mortgages guaranteed by either or both institutions. In the prior system, in which each government-sponsored enterprise (GSE) issued its own securities, … The post New Fee May Affect Fannie Mae, Freddie Mac’s Single Security appeared first on DSNews.

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