Housing Wire
NOVEMBER 18, 2022
The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days.
Appraiserblogs
NOVEMBER 18, 2022
Spreadsheets and graphs are powerful tools for appraisers. With proper data, and incorporated into reports, they can enhance your professionalism and decision-making ability. Appraisers, this article will highlight the process I use to bring clarity to my research and analysis of ‘comparable’ properties. This completed process becomes an exhibit in all my appraisal reports because it helps the Intended User(s) visually see what the market has been doing over a known time period.
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Housing Wire
NOVEMBER 18, 2022
The housing recession was in full swing in October. Existing home sales last month declined 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, and were down 28.4% year over year. That’s the largest year over year existing home sales decrease since 2007. “More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.
Eyes on Housing
NOVEMBER 18, 2022
As higher mortgage rates continue to weaken housing demand, the volume of existing home sales has declined for nine consecutive months as of October, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. The average 30-year fixed mortgage interest rate increased from 3.11% at the start of the year to 6.61% this.
Housing Wire
NOVEMBER 18, 2022
Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. “The U.S. housing market appreciation and the rapid increase in mortgage rates have reduced housing affordability and accelerated the plunge of mortgage origination volumes,” a recent Fitch Ratings report stated.
GoForrmz
NOVEMBER 18, 2022
Employee Engagement at GoFormz When our Human Resources department was first formed, it was tasked with two main objectives: Take care of our people Make GoFormz the best place to work. GoFormz employee events and team activities over the past year. Every decision since has been made with these two goals in mind. From company-wide events to quarterly reviews, our HR team prioritizes employee engagement year-round.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Eppraisal
NOVEMBER 18, 2022
Not many people know that all real estate agents can not call themselves Realtors® In order for real estate agents to call themselves Realtors® they must belong to the National Association of Realtors® (NAR), their state Realtor® associations and their local Realtor® associations. What's the difference? Realtors® have access to benefits that other real estate agents do not have.
Housing Wire
NOVEMBER 18, 2022
The third quarter used to be historically the strongest of the year for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks. At least until 2022. On the origination side, these companies’ costs exceeded $11,000 per loan for the first time, despite a reduction of 19% year over year for the total employees per firm, which contributed to the pre-tax net income in Q3 hitting its lowest level since 2008.
San Jose Real Estate
NOVEMBER 18, 2022
Buying a townhome in the next year? Here are some pointers to help you get up to speed more quickly. There are a number of things to ask about and learn to make sure that you are happy with the end result of your townhouse or townhome purchase. There’s tremendous variation in townhomes across Silicon […].
Housing Wire
NOVEMBER 18, 2022
On Aug. 31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”.
BiggerPockets
NOVEMBER 18, 2022
If you are like me, I suspect you’ve heard a good number of gurus, or even seasoned, well-meaning investors, give the following advice in some form or fashion: “Systems and […].
Mortgagebroker News
NOVEMBER 18, 2022
Learning how to maximize the wealth of options available in the current market is a must for the successful broker
BiggerPockets
NOVEMBER 18, 2022
Pace Morby’s name is synonymous with creative financing. In fact, you could say that he’s brought back a revival of strategies like subject to and seller financing. He’s been so […].
Mortgagebroker News
NOVEMBER 18, 2022
Expected holiday expenses per capita remain far short of pre-pandemic highs, new survey says
Houston Properties
NOVEMBER 18, 2022
Selling in the next 18 months? Know these key lessons from history.
Mortgagebroker News
NOVEMBER 18, 2022
Rental costs in October surpassed pre-pandemic highs, new report says
Eyes on Housing
NOVEMBER 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000).
Mortgagebroker News
NOVEMBER 18, 2022
The proposed legislation was tabled by federal transport minister Omar Alghabra
Buys Brokers Only LLC
NOVEMBER 18, 2022
Massachusetts single-family home sales plummeted in October year-over-year, the Massachusetts Association of Realtors (MAR) reported recently.
Mortgagebroker News
NOVEMBER 18, 2022
In today's economic situation, do these five things to stay top-of-mind with clients
Mortgagebroker News
NOVEMBER 18, 2022
The federal government's collaborative innovation program has entered its fourth round of funding
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