Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. But, there is one bright spot — inventory is rising. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. history.

Inventory 511

Inventory Housing Market Marketing Realtors 511

Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

JULY 20, 2022

Weakening economic outlook, high inflation and affordability challenges took a toll on buyer demand, leading to a drop in both purchase and refi applications last week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, declined 6.3% for the week ending July 15, the MBA said.

Mortgage 369

Mortgage Retail Contracts Buyers 369

Appraisal Buzz

JULY 20, 2022

Credit rating agency Experian, along with the S&P Dow Jones Indices, has released its latest monthly iteration of its Consumer Credit Default Indices Report for June 2022 which aims to represent a “comprehensive” measure of changes in consumer credit default rates and shows that the composite default rate rose two basis points to 0.53%. Breaking … The post First Mortgage Default Rate at Highest Since September 2020 appeared first on DSNews.

Mortgage 358

Mortgage Appraisal 358

Housing Wire

JULY 20, 2022

Mortgage interest rates are up, housing inventory is down and demographics still show there’s a ton of demand. Given the current economy, how are housing professionals supposed to stay competitive the rest of the year and beyond? To help address this question and more, we’re excited to feature HousingWire Lead Analyst Logan Mohtashami at HW Annual Oct. 3-5 , where he will share his forecast for the future of the housing market.

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Real Estate Housing Market Inventory Design 362

Appraisal Buzz

JULY 20, 2022

Amid record inflation and higher interest rates, expectations for full-year 2022 and 2023 real GDP growth were downgraded in July due to softening consumer spending and a downward revision to business inventory investment data, according to the July 2022 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group. The ESR Group forecasts real GDP will increase 0.1% in 2022 and decrease 0.4% in 2023, down from the previously predicted 1.2% increase and 0.1%.

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Inventory Investing Business Appraisal 195

Appraisal Buzz

JULY 20, 2022

Nationwide, nearly 50% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in June, according to a new report from Redfin. That’s the lowest share since May 2020 and the first time the bidding-war rate has been below 50% since that same month, when the housing market was at a … The post Homebuyer Competition Plummets appeared first on DSNews.

Housing Market 195

Housing Market Agents Appraisal Marketing 195

Eyes on Housing

JULY 20, 2022

As rising mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for five consecutive months, according to the National Association of Realtors (NAR). The trend in home price appreciation continued albeit at a slower rate as supply finally showed sign of improvement. The median existing home prices in June continued to surpass $400,000, the highest.

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Realtors Mortgage 174

Appraisal Buzz

JULY 20, 2022

Today’s Buzzcast interview is with Mike Rohm of Commonwealth Commercial Appraisal Group. We sat down with Mike and Joan Trice, Founder of Allterra Group, LLC, to discuss his latest article in Appraisal Buzz, “ Market Correction or Seller Panic? ”. What is happening in the market today that is impacting appraisers? What can appraisers learn when it comes to market correction and seller panic?

Sellers 195

Sellers Marketing Appraisal 195

JMV Lending

JULY 20, 2022

If a 2,000 square foot house sells for $800,000, the price per square foot is $400. So, if a nearby house is 2,200 square feet, it should be worth an additional $80,000 (200 sq ft x $400), right? Nope. Not even close. I blogged several years ago about Why Appraisers Don’t Like “Cost Per Square […]. The post Why Appraisers Adjust So Little For Size Differences appeared first on JVM Lending.

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Appraisal Lending 158

Appraisal Buzz

JULY 20, 2022

Indianapolis, Indiana, July 20, 2022 (AppraisalBuzz.com; Newswire.com) – SettlementOne Valuation, a leading provider of credit, data, and appraisal management services to the U.S. mortgage industry, today announced the hiring of Michelle Mencarini, Vice President of National Sales. “Michelle’s experience, talent, and understanding of valuation management is known throughout the industry.

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Valuation Clients Appraisal Mortgage Appraisal 195

Appraiserblogs

JULY 20, 2022

I’m on about lawn mowing lately. It’s my new full time passion. The appraisal industry should be as straight forward as lawn mowing, but due to the special interests pressures within the value industry, it has become convoluted and dysfunctional. Can you imagine if they ran the lawn mower industry like they try to run the appraisal industry? Like, we don’t care if that lawn is on slope or not, you can only use this mower and you’re not allowed to be versatile and use anything else.

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Appraisal Valuation 127

Appraisal Buzz

JULY 20, 2022

Mortgage applications decreased 6.3% on the Market Composite Index from one week earlier on a seasonally adjusted basis from one week earlier., according to data from the Mortgage Bankers Association ’s (MBA) Weekly Mortgage Applications Survey for the week ending July 15, 2022. On an unadjusted basis, the index increased 17% compared with the previous week.

Mortgage 195

Mortgage Marketing Appraisal 195

Raleigh Realty

JULY 20, 2022

With inflation rising 8.6 since this time last year, Americans worry about nationwide price hikes for necessities across the board. It’s tempting to jump right into a new neighborhood when you move, but you need to consider if you can afford your new lifestyle. In this guide, we’re covering the cost of living in Raleigh, North Carolina with data from 2022 that covers prices for all major necessities.

Transportation 113

Transportation Property Taxes Realty Insurance 113

Appraisal Buzz

JULY 20, 2022

Flagstar Bank has wrapped up its third MortgageTech Accelerator program, an accelerator solely dedicated to mortgage technology. Four startups graduated recently after a final presentation closed out the three-month program. Flagstar looked for startups working on breakthroughs in all facets of the mortgage business, including mortgage origination and servicing, compliance, secondary marketing, and fulfillment, as well as activities performed under the Community Reinvestment Act.

Technology 195

Technology Business Mortgage Appraisal 195

GoForrmz

JULY 20, 2022

Prioritize your athletes by integrating technology into every aspect of your operation while keeping protected health information secure Athletes come and go frequently through the doors of sports medicine practices and facilities. Athletes of all kinds leverage these practices to take care of their bodies, including treatment for injuries, preventative injury treatment, and strength and conditioning.

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Technology Insurance Business 78

Mashvisor

JULY 20, 2022

For the first time in New York’s history, the average rent in Manhattan reaches $5,000 per month while the occupancy rate drops below 40%.

Tenants 73

Tenants Landlords Investors Real Estate 73

Valcre

JULY 20, 2022

When clients are looking to hire real estate appraisers, they often have a list of questions in mind to find the best fit for them and the property to be appraised. They want someone with appraisal experience who can calculate their property's fair and accurate value. The questions might be related to previous appraisal experience, business background, and opinions about the property.

Clients 52

Clients Appraisal Investing Real Estate 52

Mashvisor

JULY 20, 2022

Knowing how to find good investment properties is one of the most important things investors need to do to increase their chances of success.

Investing 69

Investing Investors Real Estate Tools 69

BiggerPockets

JULY 20, 2022

Many investors have watched short-term rental (STR) investing from the sidelines. They’ve heard the success stories and know there are high returns to be made, but often come back to […].

Investors 62

Investors Investing 62

Buys Brokers Only LLC

JULY 20, 2022

While the Boston area real estate market cooled off in the late spring and summer of 2022 compared to a year ago, multiple offers on desirable homes are still the norm. Prospective home buyers continue to look for ways to make their offers attractive to sellers.

Real Estate 54

Real Estate Appraisal Sellers Buyers 54

BiggerPockets

JULY 20, 2022

Rental property investing is a great way to make cash flow, or so it seemed in the pre-2022 world. Interest rates are rising, home prices have skyrocketed, and rent can’t […].

Investing 57

Investing Real Estate 57

Mortgagebroker News

JULY 20, 2022

OSFI announced its long-anticipated new measures on the products at the end of June

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BiggerPockets

JULY 20, 2022

The CPI reaching 9.1% in June made it clear that the inflation crisis gripping the nation is as bad as it’s been in 40 years. Despite lines from the chattering […].

Real Estate 58

Real Estate 58

Mortgagebroker News

JULY 20, 2022

"The realtor came in and basically showed them that the market is done"

Renovations 68

Renovations Construction Realtors Marketing 68

Houston Properties

JULY 20, 2022

Southampton Houston Neighborhood Maps. Navigate the new Southampton maps. Read about the Southampton neighborhood and its real estate guide. Explore map of Southampton homes for sale. The exclusive Southampton neighborhood (located near West University Place, Rice University, Texas Medical Center, Museum District, and Hermann Park) has been one of Houston’s best-performing real estate markets over the past decade.

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Real Estate Agent Real Estate Realtors Agents 36

Mortgagebroker News

JULY 20, 2022

Latest figures mark the largest yearly increase since 1983

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Houston Properties

JULY 20, 2022

Inner Loop Houston Loft Buildings. See all lofts for sale in Inner Loop Houston, their pictures, features, and amenities. The Inner Loop neighborhoods are in demand. They offer easy access to major Houston districts such as Downtown, Museum District, and Galleria. Most of these neighborhoods made it into the list of Houston’s Most Walkable Communities.

Real Estate Agent 36

Real Estate Agent Realtors Real Estate Agents 36

Mortgagebroker News

JULY 20, 2022

CMP recognizes the products that offer the best terms and push the boundaries of service during tough times

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Mortgage 53

Houston Properties

JULY 20, 2022

All The Houstonian Estates Condos For Sale In Houston. View all The Houstonian Estates Condos for sale. The Houstonian Estates is a 28-story condo with several units for sale located on the west side of Houston at 121 N. The Houstonian Estates is a 28-story, 153-unit residential building located on the west side of Houston at 121 N. Post Oak Houston, TX 77024.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Mortgagebroker News

JULY 20, 2022

CMP has released its list of the best-in-class mortgage products for 2022

Mortgage 62

Mortgage 62

Houston Properties

JULY 20, 2022

Warwick Towers Condos For Sale. See all Warwick Towers condos for sale. This article offers a virtual tour of Warwick Towers, condo and building pictures, amenities, floorplans, and prices. Warwick Towers is a pair of towers that is home to 118 units. These units spread out to the two 30-story residential buildings. Five bridges connect the two towers that made up these residential condo high-rises.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Mortgagebroker News

JULY 20, 2022

It's a way to hit two birds with one stone

Tenants 69

Tenants 69

Houston Properties

JULY 20, 2022

Lazybrook Timbergrove Houston Neighborhood Maps. Two new updated maps of Lazybrook Timbergrove in Houston TX. See Camp Logan Houston homes, neighborhood, and real estate guide. Located within Houston’s Inner Loop, the Lazybrook Timbergrove neighborhood provides residents with large yards, well-ranked schools, affordable homes, and easy access to Downtown Houston.

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Real Estate Agent Real Estate Realtors Agents 36