Housing Wire

JULY 5, 2022

Home price appreciation, which skyrocketed during the pandemic, is showing signs of slowing, according to a monthly report published by CoreLogic Tuesday. In May, home prices increased by 20.2% year-over-year, the report said. But come next May, the data vendor predicts home price appreciation will dip to 5%. The recent hikes in mortgage interest rates by the Federal Reserve has contributed to the expected cool down of home prices, according to the report.

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Sellers Buyers Housing Market Real Estate 462

Appraisal Buzz

JULY 5, 2022

We live in unprecedented times regarding appraiser scrutiny. Fannie Mae and Freddie Mac review appraisals using Collateral Underwriter and Automated Collateral Evaluation. State boards field complaints about appraisals, often when appraised value is below sales contract price. There are obligations to clients and other intended users under the engagement letter and assignment conditions, and questions asked by a lender or AMC, all part of the existing reality of working as a professional apprais

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Appraisal Finance Lending Contracts 221

Housing Wire

JULY 5, 2022

There have been multiple reports lately of layoffs within the mortgage industry, but some companies, like American Pacific Mortgage, continue to grow during this difficult time. HousingWire recently spoke with American Pacific Mortgage President Ned Payant about how to build a culture that attracts and retains mortgage talent. HousingWire: How do you retain mortgage talent once it’s in-house?

Mortgage 371

Mortgage Loan Officers Business Technology 371

Appraisal Buzz

JULY 5, 2022

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule affirming states’ abilities to protect their residents through their own fair credit reporting laws. With limited preemption exceptions, states have the flexibility to preserve fair and competitive credit reporting markets by enacting state-level laws that are stricter than the federal Fair Credit Reporting Act … The post CFPB Issues Rule Affirming States’ Ability to Protect Residents appeared first on DS

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Law Appraisal Marketing 195

Housing Wire

JULY 5, 2022

Less than a month after Wyndham Capital Mortgage said it planned to pink slip more than 40 employees, the consumer direct lender conducted another round of layoffs. Wyndham notified “a number of employees” about the layoffs Thursday, including those working in the Charlotte, North Carolina headquarters, and employees who work remotely, according to a layoff notification letter sent to a former employee via email.

Mortgage 353

Mortgage Loan Officers Retail Investing 353

Appraisal Buzz

JULY 5, 2022

As Americans continue to be confused by the storm of seemingly contradictory news, data, and forecasts on the housing market’s future, consumers are still witnessing record monthly price increases, and inventories continue to record never-before-seen lows, a seeming positive for values going forward, according to Ed Pinto, Director of the American Enterprise Institute’s Housing Center. … The post Slowdown in Price Appreciation Continues, Downshift Expected appeared first on DSNews.

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Inventory Appraisal 195

Appraisal Buzz

JULY 5, 2022

If you’re an aspiring real estate appraiser looking to get hired as a trainee, how can you make your appraiser trainee resume as impressive as possible? What can you do make yourself stand out from the competition? And what are some common resume mistakes or “red flags” to avoid? To help answer these questions, we’ve put together the following resume tips for appraiser trainees, based on input compiled from working appraisers and industry experts.

Appraisal 195

Appraisal Real Estate 195

Eyes on Housing

JULY 5, 2022

The earlier June post highlighted the rising number and share of Hispanics in the construction industry. Hispanics now account for almost a third of the construction workforce, according to the 2021 Current Population Survey. In this post, we focus on the regional and state-level differences in the racial and ethnic composition of the construction labor force.

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Construction 129

Appraisal Buzz

JULY 5, 2022

CoreLogic ’s CoreLogic Home Price Index (HPI) and HPI Forecast for May 2022 indicate that U.S. home price growth relaxed slightly in May from April but still remained in double digits year over year for the 16th consecutive month. As in past months, all states and Washington, D.C. posted annual appreciation, with 13 states posting gains of more than 20%.

Appraisal 195

Appraisal 195

Appraiserblogs

JULY 5, 2022

…concerns that appraisers could be sued for making floor plans of a home… I’m an AI “member” (because I pay membership dues) even though I’m not supposed to say it that way. Technically, I am an Appraisal Institute Practicing Affiliate. Regardless, an AI email earlier on 6/29/22 had this news: Supreme Court Rejects Floor Plan Case; Appraisers Vulnerable The Supreme Court on June 27 rejected a case involving the use of floor plans in marketing materials.

Appraisal 121

Appraisal Real Estate Marketing 121

Appraisal Buzz

JULY 5, 2022

A new Redfin study has found that more than 40% of buyers of who purchased a vacation home or investment property during the pandemic did so in areas of high flood, storm and/or heat risk. The post More Second Home and Investment Property Buyers Migrating to At-Risk Areas appeared first on DSNews. The post More Second Home and Investment Property Buyers Migrating to At-Risk Areas appeared first on Appraisal Buzz.

Buyers 195

Buyers Investing Appraisal 195

GoForrmz

JULY 5, 2022

Purchasing new tech can be daunting: influence buying behavior and purchasing decisions with third-party validation. Business lives online – from product offerings and services to consumer opinions and experiences. From news articles, company websites, and peer review sites, the global digital knowledge base is constantly growing in this new digital era.

Buyers 78

Buyers Business Technology Marketing 78

Appraisal Buzz

JULY 5, 2022

A couple years ago, I was out skiing with my boys, something I try to do once a week during the winter. We had a great time, but at one … Read More. The post Stop Putting it Off! appeared first on Appraisal Buzz.

Appraisal 150

Appraisal 150

Housing Wire

JULY 5, 2022

The HousingWire Vanguard award program recognizes c-level industry professionals who have become leaders in their respective fields within housing and mortgage finance. These are the true leaders of their businesses who contribute to the growth of the housing economy and its various sectors, including lending, servicing, investments and real estate.

Lending 65

Lending Real Estate Finance Investing 65

Appraisal Buzz

JULY 5, 2022

CoreLogic analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI) and HPI Forecast for May 2022. Though U.S. home price growth relaxed slightly in May from April, it remained in double digits year over year for the 16th consecutive month. As in past months, all states and Washington, D.C. posted annual appreciation, … The post National Home Price Gains Exceed 20% in Q2 appeared first on DSNews.

Appraisal 195

Appraisal 195

McKissock

JULY 5, 2022

If you’re an aspiring real estate appraiser looking to get hired as a trainee, how can you make your appraiser trainee resume as impressive as possible? What can you do make yourself stand out from the competition? And what are some common resume mistakes or “red flags” to avoid? To help answer these questions, we’ve put together the following resume tips for appraiser trainees, based on input compiled from working appraisers and industry experts.

Appraisal 60

Appraisal Real Estate Training Appraisal Process 60

Town & Country Residential Appraisals

JULY 5, 2022

The role of the appraiser is to be an unbiased objective party within the many facets of the lending process whether it be for a purchase, home equity loan or refinance. In the case of a home purchase where the borrower is using a bank loan to assist with the purchase, there are multiple parties to the transaction who have an interest in and are financially dependent upon the consumation of the sale.

Appraisal 58

Appraisal Sellers Agents Real Estate 58

Will Springer Realtor

JULY 5, 2022

The Pacific Northwest weather can be a menace to the home. Mother Nature’s persistent wind and rain eventually make a dent in most structures and prompt repairs. The costliest of those jobs is usually replacing a roof. As a real estate professional, I see issues first-hand: missing or misaligned shingles, gaps along metal flashings next to chimneys, skylights and vents, or wood rot to eaves and soffits.

Supply Chain 56

Supply Chain Home Improvement Construction Design 56

BiggerPockets

JULY 5, 2022

If you’re unsure about real estate, run the numbers. It’s that simple. Once you run the numbers, you’ll have clarity on which decisions to make and tangible reassurance that you […].

Investing 60

Investing Real Estate 60

Mortgagebroker News

JULY 5, 2022

Central bank "using a very blunt instrument to attempt to bring prices down"

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BiggerPockets

JULY 5, 2022

As home prices and the cost of rent hit all-time highs, many Americans are wondering what living arrangement is best for their financial future—to rent or buy? For many, neither […].

Marketing 57

Marketing Real Estate 57

Mortgagebroker News

JULY 5, 2022

The central bank will almost certainly follow the US Fed's lead with a massive rate increase this month

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Eppraisal

JULY 5, 2022

When you place your house on the market, the end goal is to sell it for the highest offer possible. However, not everything is in your hand, like current mortgage interest rates or the state of the economy. But there are some factors you can control to increase the value of your property. One of the best and safest ways to increase your property value is by installing new home insulation.

Investing 36

Investing Buyers Sellers Market Value 36

Mortgagebroker News

JULY 5, 2022

Developed economies are seeing "substantial declines" in home sales

Development 66

Development 66

Assurance Financial

JULY 5, 2022

HousingWire recognized Katherine Campbell, Assurance Financial Chief Digital Officer, with their 2022 Marketing Leaders award. HousingWire’s Marketing Leaders award celebrates the most creative and influential marketing minds of the housing economy. These leaders have a track record of transforming brands, leading teams, and driving business results within their industries.

Marketing 36

Marketing Technology Business Mortgage 36

Mortgagebroker News

JULY 5, 2022

A growing number do not have the finances to fully fund renovation work

Renovations 63

Renovations Finance 63

Housing Wire

JULY 5, 2022

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. Property valuation API and risk assessment API, released late last month, connect directly into existing systems through a single integration for lenders, investors and system providers, the company said in a news release. .

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Modernization Valuation Property Taxes Appraisal 362

Mortgagebroker News

JULY 5, 2022

Economists deliver their verdict

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Housing Wire

JULY 5, 2022

Specialty finance company Redwood Trust Inc. has completed its acquisition of bridge lender Riverbend Funding LLC , which has a funded portfolio of more than $1.5 billion single-family and multifamily loans nationwide. The acquisition of Portland, Oregon-based Riverbend and its subsidiaries, announced originally in late April, is expected to fit in well with Redwood’s existing business-purpose lending platform, CoreVest.

Finance 375

Finance Renovations Real Estate Investors 375

Mortgagebroker News

JULY 5, 2022

"They make sure their applications are smooth, their clients are happy"

Clients 45

Clients 45

Housing Wire

JULY 5, 2022

Seattle-based real estate investment platform Arrived Homes is flush with cash after recently raising $25 million in a venture-capital funding round, and is working to expand its reach in the still-hot single-family rental market. Arrived Homes is currently on a pace of acquiring about 30 single-family rental properties per month, with an existing portfolio across 19 cities of some 125 properties valued at about $50 million, according to company co-founder and CEO Ryan Frazier.

Investing 362

Investing Investors Real Estate Development 362

Appraisal Buzz

JULY 5, 2022

Redwood Trust Inc. has completed the previously announced acquisition of Riverbend Funding LLC and its subsidiaries (Riverbend), a private mortgage lender to residential transitional and commercial real estate investors, in an all-cash transaction. The addition of Riverbend complements Redwood’s existing business purpose mortgage banking platform, CoreVest American Finance Lender LLC.

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Lending Real Estate Investors Finance 195

Mashvisor

JULY 5, 2022

As the US housing market stays savagely unhealthy, doing a single family rental market analysis properly has become more important than ever.

Marketing 68

Marketing Housing Market Investing Landlords 68