Thu.Oct 06, 2022

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In volatile mortgage market, spreads between conforming and jumbo loans widen

Housing Wire

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage decreased four basis points last week to 6.66%, after jumping 40 basis points in the previous week, reflecting volatility due to the ongoing economic uncertainty. But qualifying borrowers can get lower rates with jumbo mortgages, as the spreads between these loans and the conforming option widened again this week.

Mortgage 370
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Black Knight Launches Suite of Climate Risk Solutions

Appraisal Buzz

New offering will help identify properties impacted by natural disasters, while mitigating portfolio risk from future climate-related events. The post Black Knight Launches Suite of Climate Risk Solutions appeared first on Appraisal Buzz.

Appraisal 195
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More layoffs at Keller Mortgage

Housing Wire

Keller Mortgage , the lending arm of real estate holding company kwx , is the latest firm to be hit by the rapidly decreasing demand for mortgages. On Monday, the company underwent a “mass layoff,” according to posts by former Keller Mortgage employees on LinkedIn. This is at least the second round of layoffs at Keller Mortgage this year, the first known job cut taking place in late May.

Mortgage 370
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YoY Bankruptcy Filings Increase for Second Straight Month

Appraisal Buzz

According to Epiq Bankruptcy’s latest market analysis, the total number of filings increased an overall 7% in September, while commercial Chapter 11 filings increased nearly 80% over the last year. The post YoY Bankruptcy Filings Increase for Second Straight Month appeared first on Appraisal Buzz.

Appraisal 195
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Pennymac unveils a new tech platform for brokers

Housing Wire

Pennymac executives say their goal is to become a “dominant player” in wholesale. On Thursday, the publicly traded multichannel lender launched a new technology platform for brokers called “POWER+,” a key step toward generating more broker business. “The platform was designed and developed using direct broker feedback, which shaped our workflow and functionality,” said Kim Nichols, senior managing director of Pennymac TPO.

Tools 370
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Data: October Is the Best Time to Buy

Appraisal Buzz

A new report finds that the winter months have the lower average sales price when compared to the rest of the year. . The post Data: October Is the Best Time to Buy appeared first on Appraisal Buzz.

Appraisal 150

More Trending

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Americans More Fearful of Home Prices Than a Recession

Appraisal Buzz

While 75% of Americans predict a recession within two years, their primary concern at the moment is the rise in home prices. . The post Americans More Fearful of Home Prices Than a Recession appeared first on Appraisal Buzz.

Appraisal 195
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State-Level GDP in the Second Quarter of 2022

Eyes on Housing

Real gross domestic product (GDP) decreased in 40 states and the District of Columbia in the second quarter of 2022 while ten states saw modest GDP growth. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 1.8 percent increase in Texas to 4.8 percent decline in Wyoming. Nationwide, growth in real GDP, measured.

Marketing 127
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Fla.: A Top 10 State for ‘Stable’ Housing

Empire Appraisal Group

Fla.: A Top 10 State for ‘Stable’ Housing. Source: Fla.: A Top 10 State for ‘Stable’ Housing | Florida Realtors. Realtor.com’s high-level view of housing markets – foreclosures, underwater mortgages, rising prices, etc. – finds Fla. ranking third in overall stability. CHICAGO – U.S. home prices continue to hover at historic highs with bidding wars in some areas, even as the inventory of listed homes starts to increase and housing markets across the country begin to show signs of stabilization.

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October 2022 Opens With Mortgage Rates Going Up

Mashvisor

Over the past year, we’ve seen mortgage rates go from record lows to new highs as Q4 2022 opened with rates just below 7% in October.

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Atlanta Home Prices Firm in the Third Qtr of 2022

Hank Miller Team

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. Stop the insentient blathering about impending real estate Armageddon, the data is not there. The Atlanta housing market in Q3 2022 did not melt down. In fact, the data is nothing like the media would love for everyone to believe. Best to pay attention to legitimate major issues, starting with the recession and inflation.

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The Only Airbnb Analytics Tool You’ll Ever Need

Mashvisor

If you are a real estate investor looking for new lucrative investments, here is why this is the only Airbnb analytics tool you’ll ever need.

Tools 67
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Should You Invest in Turnkey Properties or Fixer-Uppers? Here’s the Pros and Cons of Each

BiggerPockets

The ability to quickly analyze a property and determine if it will be a good investment takes practice and depends on factors like your financial position and real estate investing […].

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StatCan on the pace of growth in building permit values

Mortgagebroker News

Many of the gains could be attributed to a major powerhouse provincial market, statistics agency says

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Even As Rates Rise, Builders Aren’t Worried About an “Overbuilding” Problem

BiggerPockets

The 2020-caused supply chain shortage went from bad to worse over the span of just a month. By the summer of 2020, builders were facing massive delays, a lack of […].

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Balance returning to the Fraser Valley market – real estate board

Mortgagebroker News

The central bank's interest rate rises have dominated market dynamics over the past half year or so

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Finance Friday: Financially Independent, But Not Feeling “Free”

BiggerPockets

Financial independence isn’t for everyone. That comes as a surprise for most of us within the personal finance community. Whether we like it or not, the “save, invest, and grind” […].

Finance 51
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Canadians reveal how inflation, rate hikes are impacting their finances

Mortgagebroker News

Younger Canadians have been disproportionately affected by the challenges of 2022

Finance 69
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ClearCast Podcast E31 — Fraction CEO & Co-Founder, Hayden James

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. Kenon and Jeff discuss the recent shift out of cities and into suburbs — and the cost of living increases that accompany this change. Then, they talk with Hayden James , the CEO and Co-Founder of Fraction , about how Fraction helps homeowners tap into their equity, reduce their monthly mortgage payments, purchase a second home, and more.

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All signs point to strength in the new construction space

Mortgagebroker News

And Community Trust can help your clients capitalize on new build purchases

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Improving Campus Security with Digital Solutions

GoForrmz

Could your campus security use a digital refresh? Colleges and universities are no strangers to technology, and digital solutions have only become more integrated into campus life. Now campus catering and landscaping services can be easily paid through digital invoices , libraries are stocked with digital media in addition to books, and even college courses can be completed entirely online.

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Avison Young highlights Winnipeg office market conditions

Mortgagebroker News

Workers are steadily returning to on-site jobs, new report shows

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Effective Gross Income: A Calculation Guide

Property Metrics

What is Effective Gross Income? Effective gross income is a line item on a real estate proforma that is commonly used by appraisers, investors, and other commercial real estate professionals. Although the effective gross income is easy to understand conceptually, the calculation itself can sometimes be confusing. In this article we’ll take a closer look at effective gross income and clear up any confusion.

Tenants 36
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Women's perspectives are much-needed in the mortgage industry, top exec says

Mortgagebroker News

"I think men and women … handle things very differently"

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Type of Parking Facility of New Single-Family Houses Completed: 2021 Data

Eyes on Housing

A majority of new homes that completed construction in 2021 included two-car garages (67%), according to NAHB analysis of 2021 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.