Tue.Sep 21, 2021

article thumbnail

Renter market picks up in suburbs

Housing Wire

American suburbs surrounding the nation’s 50 largest metropolitan areas gained a total of 4.7 million new residents since 2010, with 3.7 million of them renters, according to a report by nationwide apartment search website RENTCafé on U.S. Census Bureau data. Today, an estimated 21 million people rent a suburban home in one of 50 largest metros. On average, renters made up 39% of the suburbs surrounding these metros.

Marketing 460
article thumbnail

Buyers have a bit more power in today’s housing market

Sacramento Appraisal Blog

Are buyers finally gaining more power? Yes. The truth is the market is still ultra-competitive, but there is a slightly better chance buyers can get into contract these days and maybe not pay as much above the asking price (maybe). Teaching my favorite class: On September 28th from 9am-12pm I’m teaching my favorite class at SAR […].

Buyers 401
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Protected: Capital One is hiring a Sr. Manager-level Commercial Real Estate Reviewer!

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: Capital One is hiring a Sr. Manager-level Commercial Real Estate Reviewer! appeared first on Appraisal Buzz.

article thumbnail

Lennar builds big profits, but still has complaints

Housing Wire

National homebuilding titan Lennar is comfortably profitable, but company executives lament that a struggle to procure construction materials keeps them from doing more. “The supply chain for construction is significantly stressed and that will continue for the 4 th quarter and beyond,” said Stuart Miller, chairman of Lennar during a company earning’s call Tuesday.

article thumbnail

Supply Constraints Could Hinder Home Sales

Appraisal Buzz

For the second month in a row, the economists at Fannie Mae revised expectations for near-term real GDP growth downward—and outward—due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from the GSE’s Economic and Strategic Research (ESR) Group. Those factors, they say, will affect the housing market as the … The post Supply Constraints Could Hinder Home Sales appeared first on theMReport.com.

article thumbnail

Jeffrey Naimon to speak at HW Annual Sept. 27-28

Housing Wire

A series of regulatory changes are taking place in housing due to a new political administration and the country’s reckoning with racial inequality in homeownership. That’s why HousingWire invited attorney Jeffrey Naimon , partner at the Buckley LLP Washington, D.C. office, to HW Annual to explain what these new regulations mean for the housing economy. .

Valuation 322

More Trending

article thumbnail

Radian’s Suzanne Powell on taking an “automation-first” approach

Housing Wire

While the rise of digital technology has permanently shifted the world of lending, many borrowers still look for a human-touch experience to help create trust and transparency throughout the lending process. “A successful model can maximize the use of both [technology and human processes], which creates efficiencies and improves employee participation,” said Suzanne Powell , SVP, Digital Client Experience at Radian.

article thumbnail

Five Star Conference Labs Highlight Innovations in the Servicing Sector

Appraisal Buzz

The final day of the Five Star Conference 2021 featured two educational Labs geared toward servicing professionals, as they look to technology and its role in the future of the foreclosure process. The post Five Star Conference Labs Highlight Innovations in the Servicing Sector appeared first on DSNews. The post Five Star Conference Labs Highlight Innovations in the Servicing Sector appeared first on Appraisal Buzz.

article thumbnail

One-third of real estate CEO comp is variable, up from 2016

Housing Wire

A full one-third of the compensation paid to non-controlling shareholder real estate CEOs is variable, according to the 2021 RealTrends Brokerage Compensation Report. This is up considerably from 2016, when the last report was published. “A great thing happened over the past five years,” says Steve Murray, senior advisor to RealTrends. “Brokers have shifted to more variable compensation based on performance.

article thumbnail

Small Equals Big

Appraisal Buzz

Small changes can lead to big improvements. At some point, within almost every coaching session, I believe that some version of this topic comes up. I’ll suggest a fairly minor … Read More. The post Small Equals Big appeared first on Appraisal Buzz.

Appraisal 369
article thumbnail

Maxwell launches new secondary platform for small lenders

Housing Wire

Six months after raising capital, digital mortgage startup Maxwell announced Tuesday the launch of a trading platform to provide community lenders access to the secondary market, connecting these loan sellers to buyers. The initiative attempts to reduce the volume of loans in small and midsize lenders’ balance sheets, so they can capture the volume of new loans available in the market and compete with the industry’s largest players.

Investors 248
article thumbnail

Women in Housing Awards Close Out Annual Five Star Conference

Appraisal Buzz

The awards honored women professionals in categories including Rising Star, Leadership, Mentorship, D&I, and Laurie G. Maggiano Executive of the Year. The post Women in Housing Awards Close Out Annual Five Star Conference appeared first on theMReport.com. The post Women in Housing Awards Close Out Annual Five Star Conference appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

Small Equals Big

The Appraiser Coach

Small changes can lead to big improvements. At some point, within almost every coaching session, I believe that some version of this topic comes up. I’ll suggest a fairly minor. Read More.

article thumbnail

Plaza Home Mortgage Hires Michael Wilson as CIO

Appraisal Buzz

Michael H. Wilson has joined Plaza Home Mortgage , a wholesale and correspondent mortgage lender, as chief information officer. Wilson joins Plaza from Zense, a technology start-up he co-founded that uses AI and blockchain to provide universal credit validation. Prior to Zense, Wilson was the vice president of IT operations, chief information security officer of Impac Mortgage Corp.

Mortgage 195
article thumbnail

3 Ways to Leverage the GoFormz and Acumatica Integration

GoForrmz

Streamline your construction workflow by integrating your GoFormz digital forms with Acumatica Improving your construction operation’s efficiency, communication, and professionalism begins with digitizing critical documents and workflows. Job site documentation is a common obstacle to productivity for construction operations – forms take ages to complete, require manual delivery and processing, and are often riddled with errors.

article thumbnail

5 Resources to Protect Your Appraisal Practice

Appraisal Buzz

In our litigious society, real estate appraisers are increasingly vulnerable to many kinds of liability. Luckily, there are steps you can take to limit your legal liability and keep yourself and your business protected. Here are five excellent resources offered by McKissock Learning with tips and tools to help you protect your appraisal practice — including a Pro-Series webinar coming up on Wednesday, October 13, 2021.

Appraisal 195
article thumbnail

How the Commercial Real Estate Market Is Adapting to Post-Pandemic Needs

McKissock

From opening up restaurants for dine-in service to loosening restrictions on travel, the country is getting back to normal in a mostly post-pandemic world. However, some things may never go back to “normal” — like the way we work. Over the past year, working from home transitioned from “temporary” to a new norm many companies have begun to not only accept but openly embrace.

article thumbnail

Nearly 20 Percent Decrease in August New Home Purchase Mortgage Applications

Appraisal Buzz

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021 shows mortgage applications for new home purchases decreased 17% compared from a year ago. Compared to July 2021, applications increased by 9%. This change does not include any adjustment for typical seasonal patterns. “Mortgage applications to purchase new homes were down in August compared to 2020’s late summer surge, but both mortgage applications and MBA’s estimate of new home sales

Mortgage 195
article thumbnail

5 Resources to Protect Your Appraisal Practice

McKissock

In our litigious society, real estate appraisers are increasingly vulnerable to many kinds of liability. Luckily, there are steps you can take to limit your legal liability and keep yourself and your business protected. Here are five excellent resources offered by McKissock Learning with tips and tools to help you protect your appraisal practice — including a Pro-Series webinar coming up on Wednesday, October 13, 2021.

article thumbnail

Housing Market Shifts From White-Hot to Red-Hot 

Appraisal Buzz

A new report has found that home sales and median prices have both dropped since July. . The post Housing Market Shifts From White-Hot to Red-Hot appeared first on theMReport.com. The post Housing Market Shifts From White-Hot to Red-Hot appeared first on Appraisal Buzz.

article thumbnail

How to Evaluate BRRRR Risks and Rewards

BiggerPockets

BRRRR is an excellent investment method for the right person, but there are risks. Here are the risks you need to be aware of before attempting the BRRRR method of real estate investing.

article thumbnail

Five Star Honors Industry Leaders at Women in Housing Event

Appraisal Buzz

The final day of the Five Star Conference included the Women in Housing Leadership Awards, as well as a panel featuring insights from a number of accomplished female industry leaders. The post Five Star Honors Industry Leaders at Women in Housing Event appeared first on DSNews. The post Five Star Honors Industry Leaders at Women in Housing Event appeared first on Appraisal Buzz.

Appraisal 195
article thumbnail

Rookie Podcast 115: The BRRRRent-to-Own Strategy: A Win-Win for Tenants and Landlords

BiggerPockets

What if you could own rental properties without the responsibility of landlording? Not only that, what if you were paid a hefty, non-refundable deposit for your home, minimizing your risk? […].

article thumbnail

Angela Ravesi Promoted to Manager of Lamacchia Development and Property Management

Lamacchia Realty

The Lamacchia Development and Property Management team is pleased to promote Angela Ravesi to Manager of LD and LPM! Angela has been the Coordinator for both departments for two years. Angela’s strength as a leader became evident during the many obstacles brought on from the pandemic. Landlords look to property management to delegate the many responsibilities that come with owning rental properties, and she has been a critical component in facilitating that.

article thumbnail

The appraisal process: what brokers need to keep in mind

Mortgagebroker News

The Appraisal Institute’s CEO talked CMP through how the appraiser’s role has changed – and why the process takes time

article thumbnail

FHA ARM Loans: What You Need To Know

Quicken Loans

Adjustable-rate mortgages (ARMs) can make a lot of sense for many people. You can generally get a lower rate than you could with comparable fixed-rate loans. Additionally, if you plan on moving before the end of the initial fixed-rate period of the loan, you may never deal with an adjustment. Today, we’re going to discuss FHA ARMs. These can be a great option if you’re looking for the flexibility of an adjustable rate, but your credit is less than perfect.

article thumbnail

How brokers can help clients boost savings

Mortgagebroker News

As purchase prices rise, so does the down payment - and Community Trust recognizes the importance of growing that nest egg

Clients 55
article thumbnail

Housing permits hold the key for economic expansion

Housing Wire

On Tuesday, the U.S. Census Bureau reported that housing starts hit 1,615,000 for August and housing permits came in nicely at 1,728,000. These data lines beat expectations, and we had slight positive revisions to the previous months — overall, a good report on all fronts. I have always been mindful that the month-to-month housing starts data can be wild, both positive and negative, so the trend is what matters the most.

article thumbnail

Nunavut to benefit from seven-year low-cost housing aid

Mortgagebroker News

Federal and territorial governments pledge housing assistance for qualified low-income households

article thumbnail

Lenders mandated to use FHA Catalyst for appraisals

Housing Wire

Starting March 14, 2022, the Federal Housing Administration (FHA) will require all lenders to use FHA Catalyst for appraisals. The module can also accept appraisals for Home Equity Conversion Mortgages (HECMs), the administration announced last week. The FHA Catalyst: Electronic Appraisal Delivery module will allow for the administration to expand their data collection and analysis capabilities.

Appraisal 434
article thumbnail

Alberta housing markets registers improved conditions – associations

Mortgagebroker News

Stronger demand and activity have compensated for pandemic-induced market doldrums

article thumbnail

HBGI: Small Outlying Counties Have Greatest Share of Most Affordable Markets

Eyes on Housing

Housing affordability has been a key driver of the suburban shift of home building activity over the last year and a half. As the following analysis from the NAHB Home Building Geography Index reveals, lower density markets in general have higher housing affordability conditions, which explains the shift in construction activity. The second quarter HBGI examined county-level Price-to-Income ratios.

Marketing 135
article thumbnail

Where is new home inventory growth strongest?

Mortgagebroker News

However, weaker overall construction investment continues to make itself felt, Statistics Canada says

article thumbnail

August housing starts better than expected

Housing Wire

U.S. homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% higher than a year ago, according to a new report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Across the country, 1.728 million building permits were pulled, which is 6% above the revised rate from a month prior and 13.5% higher than the August 2020 rate.