Mon.Aug 01, 2022

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HousingWire Magazine: August 2022

Housing Wire

Brena Nath, Director of HW+ and Events. Over a year ago, Sarah Wheeler, who serves as our HW Media editor-in-chief, and I got to work on a passion podcast together: GirlFunds. These interviews with top female leaders were special since we were able to go to a deeper level with them as they opened up about being women in leadership, how they were hoping create space at the table for more women and so much more.

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Buyers are making less aggressive offers

Sacramento Appraisal Blog

Good news. Buyers aren’t having to make aggressive offers like they used to (even when there are multiple offers). Let’s talk about this today. I suspect this is true in many areas across the country. I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS: 8/11/22 Realtist Lunch & Learn (sign up here (open to […].

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Announcing the 2022 Women of Influence

Housing Wire

Following last year’s stories of grit and determination, the 2022 Women of Influence program represents a cohort of women who have emerged stronger than before, prepared to make the journey smoother and more accessible for those who will follow. Among their outstanding achievements, these women are using their platforms to support and empower others in the industry while simultaneously improving processes that can provide greater access to homeownership for women.

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Garris Horn Adds David G. Ross as Litigation Partner

Appraisal Buzz

David G. Ross has joined Garris Horn LLP , a boutique, virtual law firm focused on federal financial regulation including TILA/RESPA/TRID, as litigation partner. Ross has 25 years of experience. He will handle litigation matters related to Garris Horn’s traditional practice areas, work on government investigations and enforcement defense, and expand the firm’s services into commercial litigation.

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Rocket gets into home equity game, joining rival nonbanks

Housing Wire

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume. After getting an appraisal on the home, homeowners can access between $45,000 and $350,000 of their home’s equity in a 10- or 20-year, fixed-rate loan, while maintaining at least 10% equity in their home, Rocket said Monday. .

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Fannie Mae Reperforming Loan Sale Includes Nearly 5,500 Loans to JP Morgan

Appraisal Buzz

Fannie Mae ’s results of a recent reperforming loan sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance (UPB) was awarded to JP Morgan Mortgage Acquisition Corp. (Chase). The transaction is expected to close on August 26, 2022. The pool was marketed with Citigroup Global Markets Inc. as advisor. The loan pool awarded in this most recent transaction includes an average loan size of $121,476, weighted average note rate of 4.49%, and.

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More Trending

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Fannie Mae Recognized for Disability Inclusion

Appraisal Buzz

For the third consecutive year, the GSE earns the top score in establishing an environment where employees with disabilities have the opportunity to thrive. The post Fannie Mae Recognized for Disability Inclusion appeared first on DSNews. The post Fannie Mae Recognized for Disability Inclusion appeared first on Appraisal Buzz.

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AJ Barkley to speak at HW Annual Oct. 3-5

Housing Wire

Especially evident since the beginning of the COVID-19 pandemic, work-life balance, or should we say work-life harmony, is a key priority for many of today’s professionals. However, we get that this is probably an area we’re all still trying to navigate regularly. For this reason, we’re thrilled to include AJ Barkley , who serves as head of Neighborhood and Community Lending at Bank of America , on our panel dedicated to this topic during the Women of Influence Forum.

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Institutional Investment in SFR Properties on the Rise

Appraisal Buzz

Development of new build-to-rent homes has soared in 2022 compared to 2021, as the industry is projected to surpass 2021’s record-high 7,705 deliveries. The post Institutional Investment in SFR Properties on the Rise appeared first on DSNews. The post Institutional Investment in SFR Properties on the Rise appeared first on Appraisal Buzz.

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Buyers’ Expectations of Housing Availability Improve

Eyes on Housing

For the first time since 2020, prospective buyers expect housing availability to improve. After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.

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More Than 2M Households Dissolved During Early Stages of COVID

Appraisal Buzz

Census Bureau reports a drop from 130.3 million homes to 127.6 million during the outset of pandemic, as younger adults gave up their independent living arrangements to move in with family. The post More Than 2M Households Dissolved During Early Stages of COVID appeared first on DSNews. The post More Than 2M Households Dissolved During Early Stages of COVID appeared first on Appraisal Buzz.

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Private Residential Spending Declines in June

Eyes on Housing

As mortgage rates reached 3-year high, private residential construction spending decreased 1.6% to a seasonally adjusted annual rate (SAAR) of $923.7 billion in June, according to NAHB’s analysis of the Census Construction Spending data. It was the first decline since May 2020. On a year-over-year basis, total private construction spending was 15.6% higher.

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Exposing Occupational Licensing Abuses Nationwide

Appraiserblogs

She went from viewing occupational licensing as a necessary means to protect the safety and welfare of the public to a cynical tool promoted by established businesses to erect barriers against innovation and competition. Her experience as a licensed real property appraiser in West Virginia turned out to be the perfect training ground for the study of public corruption, restraint of trade and government overreach.

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50 Essential Home Staging Statistics for 2022

Raleigh Realty

Houses are flying off the market like hot cakes. But even in today’s seller’s market, staging a home can help you get the top dollar for your property in a fraction of the time. Staging is all about showcasing all the best features of your home with updated, neutral décor and colors (think Chip and Joanna Gaines). By designing an engaging, move-in-ready atmosphere, buyers may be more committed to and willing to increase their offer — often above the asking price.

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Assurance Financial Finds Technology Evolution with Loan Vision

Assurance Financial

Loan Vision Case Study Featuring Assurance Financial. As with all forward-thinking organizations, Assurance Financial is well aware that continuous improvement is a necessity for any business, especially one in the ever-changing mortgage industry. 2019 found Assurance Financial looking for answers. With rapid upgrades to much of their customer-facing technology stack occurring, they knew they had to be able to quantify the spend being made and show some return on investment (ROI), but how?

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Our Team Has Expanded

Town & Country Residential Appraisals

We are excited to have expanded our team after about 2 years of limited growth. Christopher Ronallo is going to be assisting our staff appraisers and in the process, will be working to obtain the experience necessary to transition from his current position as a Licensed Appraiser Trainee to a Staff Appraiser. We are hopeful that this process will take about 16 - 18 months.

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Guide to Mashvisor’s Rental Estimate Calculator

Mashvisor

We will give you a detailed walkthrough of Mashvisor’s rental estimate calculator so you can even start using it today. Read on to learn more.

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Rising Interest Rates Challenge Investors — Here’s What Expert Lenders Suggest You Do

BiggerPockets

Rising interest rates may be squeezing profit margins, but there are still deals that offer competitive returns, so the most experienced investors are forging ahead regardless. Rookies can learn from […].

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Preparing for a Home Appraisal Inspection

Kairos Appraisal Services

When selling your home or refinancing your mortgage, the home appraisal inspection is a crucial step in the process. You want your home’s appraised value to be as high as possible in the final report. Most home buyer offers are contingent on a mortgage lender approving their loan to purchase the home. But if the… The post Preparing for a Home Appraisal Inspection appeared first on Kairos.

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How to Estimate Vacation Rental Income

Mashvisor

Pricing a vacation rental for income is an art in itself. Find out below how to estimate vacation rental income to know how much you can make.

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BiggerNews August: Will 3D Printed Homes Slash Housing Costs?

BiggerPockets

A 3D printed house isn’t all that different from a traditional home—except they are stronger, faster to build, easier to maintain, and cost much less than your average “stick-built” home. […].

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Anthony Lamacchia Wins Agent’s Choice Award for Managing Broker of the Year

Lamacchia Realty

Boston Agent Magazine announced the annual Agents Choice Awards winners for 2022. This year, Anthony Lamacchia has been voted the Managing Broker of the Year! Thousands of votes are cast across 12 different categories in the contest held by Boston Agent Magazine. Anthony is honored to have received this award and we congratulate all of the winners in each category.

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ClearCast Podcast E29 — Ivory Innovations Director of Strategy and Ops, Jenna Louie

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. In this episode of ClearCast, Kenon and Jeff discuss booming home equity and big growth in the tiny home market. Then, they talk with Jenna Louie , Director of Strategy and Ops at Ivory Innovations , to discover how Ivory Innovations is helping expand housing affordability and spotlight other companies working towards the same goal.

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Guide to Mashvisor’s Rental Estimate Calculator

Mashvisor

We will give you a detailed walkthrough of Mashvisor’s rental estimate calculator so you can even start using it today. Read on to learn more.

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What Are CCRs?

San Jose Real Estate

"Covenants, Conditions and Restrictions" (sometimes "Covenants, Codes & Restriction"s).

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The Value of Words in Valuation

Appraisal Buzz

Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards. As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Camp Logan Homes For Sale

Houston Properties

Search all Camp Logan homes, townhomes, patio homes, and condos for sale.

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A cooling housing market could slow even further in coming months

Housing Wire

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing market would likely slow further in the coming months if mortgage rates remain persistently high. The annual home price growth fell by nearly two percentage points to 17.3% in June from the previous month, according to Black Knight ’s monthly mortgage monitor report.

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Guide To Midtown Houston Homes For Sale

Houston Properties

Check Midtown homes, townhomes, patio homes and condos for sale.

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June Records Record-High Home Price Growth Drop

Appraisal Buzz

The latest report from Black Knight did not carry good news as the company’s latest monthly Mortgage Monitor Report covering the month of June found that annual home price growth dropped by nearly two percentage points, the greatest single-month slowdown recorded since the early 1970s. To put that number in retrospect, the largest previous drop … The post June Records Record-High Home Price Growth Drop appeared first on DSNews.

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Guide To ALL EaDo Homes For Sale

Houston Properties

Guide to East Downtown homes, townhomes, and condos for sale.

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Black Knight Reports Record Home Price Growth Slowdown in June

Appraisal Buzz

The latest Mortgage Monitor Report from Black Knight Inc. ’s Data & Analytics division shows June marking the greatest deceleration in home price growth on record. There was a slowdown from 19.3% to 17.3% for annual home price growth, which coincided with the largest single-month gain in homes listed for sale in 12 years, says Ben Graboske, Black Knight Data & Analytics’ president.

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July 2022 Home Data Index Market Report

Clear Capital

The July 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 11.3 percent. Download the report , or read it below. Commentary by Brent Nyitray of The Daily Tearsheet. Home price appreciation maintained its pace in July as the Clear Capital Home Data Index rose 10.3% quarter-over-quarter (QoQ) and 18.7% on a year-over-year (YoY) basis.