Thu.Dec 15, 2022

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Class Valuation acquires Maine-based AMC PropertyVal

Housing Wire

Class Valuation , one of the largest appraisal management companies in the U.S., has acquired yet another firm. It’s picked up PropertyVal , a Maine-based AMC that is among the largest independent residential appraisal firms in the state. “We are a regional AMC with a strong network across New England, but our stronghold has been in the Maine and New Hampshire markets.

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The “Seller’s Strike” Has Begun—Why The Housing Market Is Going Dark

BiggerPockets

Back in March and again in August, I noted that “We are undoubtedly reaching the limits of affordability for Americans,” which should “cool the real estate market” and likely “cause a correction” but […].

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Will lower mortgage rates be enough to prop up housing activity?

Housing Wire

The Federal Reserve’s decision to slow the pace of interest rate hikes this week pushed mortgage rates lower — and it happened in spite of the central bank reiterating that it would continue to tighten its grip on the economy next year. These lower rates are encouraging news for the industry, which saw rates climb past 7% in October, but whether that will be enough to prop up home sales is a question that has not yet been answered. .

Mortgage 370
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Scarlett's Lead Management Integration continues to help brokers and agents quickly and efficiently

Mortgagebroker News

Scarlett continues to establish its status as the leading "one-stop shop" for brokers, brokerages and networks

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How lenders can responsibly expand the credit box

Housing Wire

Amid elevated mortgage rates, continued emphasis on regulatory oversight and a worsening 2023 market outlook, many lenders are reassessing their risk tolerance, which can lead to a tightening of their lending standards. In a contracting market, how can lenders gain a competitive advantage? According to Kristin Broadley, Chief Innovation Officer at QC Ally, lenders should consider expanding the credit box instead of restricting it further.

Clients 369
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Finance Friday: Savings Stuck At Zero? Here’s How to Grow Your Bank Account

BiggerPockets

Once you know how to save money, you can start stacking those savings to buy real estate and businesses or invest in long-term wealth-building investment accounts. But, without a steady […].

Finance 55

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How to Build Bigger (While Working Less!) and Setting SMARTer 2023 Goals

BiggerPockets

What are your 2023 goals? If you don’t have an answer in mind just yet, don’t worry, there’s still time to lock in your plans to have a wealth-building, financial […].

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Alternative lending growth gathers pace in Canada

Mortgagebroker News

Borrowers are also more likely to stay in the alternative space at term, CMHC report finds

Lending 66
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What's an Exclusive Buyer Agent in Real Estate?

Buys Brokers Only LLC

An exclusive buyer agent is a real estate agent who represents only buyers' interests in real estate transactions.

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Mortgage investment corporation (MIC): Definition and its purposes

Mortgagebroker News

What is a mortgage investment corporation? Is it safe to invest in this? How can you start one?

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Partnership combines tech efforts elevating property valuation | Clear Capital in the News

Clear Capital

Story from Valuation Review. The old adage “two heads are better than one” can certainly be applied to businesses at all levels. The partnership formed between Clear Capital and Cherre is just another example of that, and Valuation Review spoke with the companies’ executives about this move and how it will help expand access to market and property information.

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What's the Bank of Canada rate likely to be in 2023?

Mortgagebroker News

Industry veteran provides predictions on the central bank's benchmark rate

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Merrivale West San Jose Neighborhood & Homes for Sale

San Jose Real Estate

Merrivale West is a very popular community of townhouses in the "West San Jose" area offering beautiful grounds & homes as well as a fantastic commute location and low homeowner association (HOA) dues.

HOA 36
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OSFI reaches decision on stress test

Mortgagebroker News

Regulator makes call amid rising-rate environment and economic uncertainty

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How owner finance investing works and how to navigate it (with Brandon Smith, 13+ years of investing and lending experience) – Real Estate Real Fast EP9

Listing Spark

Episode overview. Investing in owner financing can be a great way to build wealth and generate passive income. However, navigating the complicated process of finding and closing these deals isn’t easy. Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk.

Finance 36
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OSC withdraws case vs. former Mortgage Alliance president

Mortgagebroker News

Regulator's lawyer says there's "no reasonable prospect of conviction"

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Are Short Term Rentals Profitable in Virginia Beach?

Mashvisor

Are you thinking of investing in Virginia Beach short term rental in 2023? Read on to find out the current state of the rental market there.

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How high are Canada's rent rates now?

Mortgagebroker News

New report highlights latest rental market trends

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Property Taxes by State – 2021

Eyes on Housing

Real estate taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2021, the difference between average real estate taxes (RETs) paid by New Jersey and Alabama home owners was $8,336. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($9,151) as.

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Small lenders face onslaught of agency loans returned to sender

Housing Wire

The repurchase-request volume, which includes both depository lenders and nonbanks, is being driven up this year by the huge volume of lower-rate loans made in 2020 and 2021 that Fannie and Freddie are continuing to vet for loan-sale representations and warranties violations. Mortgage lenders, already reeling from a downturn in the mortgage market , now face yet another wave of woe in the form of a huge volume of loan-repurchase requests stemming, in large part, from alleged violations of loan-s

Law 370
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13 Tips for Negotiating Commercial Real Estate for Lease in Columbus, Ohio [2022]

The Robert Weiler Company

If you’re looking to lease commercial space, it’s helpful to have reasons to negotiate. Negotiating a commercial lease is the most important aspect of renting commercial real estate for lease. There is no “standard” commercial lease agreement. A commercial lease can be customized by both parties. Landlords typically provide their own leases to prospective tenants of their commercial real estate for lease.

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U.S. Is Running Short of Land for Housing

Empire Appraisal Group

U.S. Is Running Short of Land for Housing. Source: U.S. Is Running Short of Land for Housing | Florida Realtors. Land-use restrictions, lack of public infrastructure investment and rising land prices contribute to the issue. Land accounts for about 47% of U.S. home values. NEW YORK – Land suitable for housing is increasingly scarce in the United States due to land-use restrictions and a dearth of public infrastructure investment.

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Nearly Two-Thirds of Homes Started in 2021 are in Community Associations

Eyes on Housing

According to data from the Census Bureau’s Survey of Construction (SOC), 65.5 percent of single-family homes started in 2021 were built within a community or homeowner’s association. Since the re-design of the SOC in 2009, this was the second highest percentage for new homes started with an association. The Census Bureau defines community or homeowner’s associations as “formal legal entities.

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