Housing Wire
NOVEMBER 11, 2021
You could buy a top-of-the-line laptop and a new cell phone to match, or you could pay one month’s rent for a single-family home in Los Angeles. It’s not much better for prospective single-family renters across California, a study by HouseCanary found. In Ventura or Carlsbad, median single-family rents are $4,250, and in Santa Clara and Berkeley, median single-family rents reached $4,225 and $4,200, respectively.
Appraisal Buzz
NOVEMBER 11, 2021
Despite advances in technology in the mortgage space, J.D. Power has found that customers are more satisfied with one-on-one interactions in lieu of an all-digital approach. The post Mortgage Customers Still Prefer a Personalized Approach appeared first on theMReport.com. The post Mortgage Customers Still Prefer a Personalized Approach appeared first on Appraisal Buzz.
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Housing Wire
NOVEMBER 11, 2021
Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH. In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”.
Appraisal Buzz
NOVEMBER 11, 2021
The most recent edition ATTOM’s U.S. Home Equity & Underwater Report for the third quarter shows that 39.5% of mortgaged residential properties were considered “equity-rich” meaning that the remaining balance of a mortgage was no more than 50% of their estimated market value. In the third quarter, the portion of mortgaged homes that were equity-rich rose to 39.5%, up from 34.4% in the second quarter … The post Equity-Rich Properties Increase in Q3 appeared first on DSNews.
Housing Wire
NOVEMBER 11, 2021
Amrock , a title insurance, property valuations and settlement services provider that is part of the Rocket Companies family, announced Wednesday that longtime CEO, Brian Hughes will be retiring later this month and Nicole Beattie, the current vice president of mortgage servicing at sister company Rocket Mortgage , will take over. Hughes’ retirement comes after more than 21 years at Amrock, with a total of 30 years devoted to the title, appraisal, and settlement services industry.
Appraisal Buzz
NOVEMBER 11, 2021
For the first time in over a month, mortgage rates have dropped below the 3% mark, signaling a strong finish for the purchase and refi markets to close out 2021. The post Mortgage Rates Fall Below 3% Mark appeared first on theMReport.com. The post Mortgage Rates Fall Below 3% Mark appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
NOVEMBER 11, 2021
The company announced that Gary D. McKiddy has rejoined the company bringing 40 years of experience to the table in corporate financial management. . The post Mid America Appoints New Chief Risk Officer appeared first on theMReport.com. The post Mid America Appoints New Chief Risk Officer appeared first on Appraisal Buzz.
GoForrmz
NOVEMBER 11, 2021
Simplify the warranty claim collection process by utilizing our online form sharing feature With online forms you can seamlessly collect defect and warranty claims to increase visibility and improve response time for customer issues. Leveraging online form sharing, you can easily gather customer data and route it to the correct department to resolve issues more efficiently.
Appraisal Buzz
NOVEMBER 11, 2021
Sourcepoint , a Firstsource company, has entered into a definitive agreement to acquire The StoneHill Group , subject to regulatory approvals. The acquisition enhances Sourcepoint’s mortgage offerings with domain expertise – backed by a proprietary platform – for mortgage quality control (QC) and due diligence, while also increasing access to mid-market companies. “This acquisition is very complementary and provides us adjacent capabilities in the mortgage value chain,” says Vi
DW Slater Company
NOVEMBER 11, 2021
We appreciate all veterans and we truly thank you all for your service to our country. In honor of our veterans here is a list of special items available for veterans today: Restaurants. Applebee’s- Veterans and active duty receive a free meal today. Buffalo Wild Wings- free order of boneless wings and fries. IHOP- free Red, White & Blueberry Pancakes.
Appraisal Buzz
NOVEMBER 11, 2021
Black Knight Inc. ?has announced that Patriot Mortgage, a?Texas-based lender specializing in new construction and resale, has signed a contract to implement the Black Knight Empower LOS and integrated origination solutions to?support its growing business operations, enhance the borrower experience and improve its digital presence in the mortgage space.?.
Eyes on Housing
NOVEMBER 11, 2021
Housing affordability held steady at its lowest level in nearly a decade, as higher home prices offset lower mortgage rates to keep the affordability rate flat in the third quarter of 2021. In the months ahead, however, supply-chain disruptions and the prospect of higher interest rates will continue to threaten housing affordability. According to the National Association of Home Builders.
Appraisal Buzz
NOVEMBER 11, 2021
The right mix of tech and a human touch was found to appease the majority of home buyers in a new poll gauging mortgage originators in the U.S. The post Guild Mortgage Takes Top Spot in Customer Satisfaction Survey appeared first on DSNews. The post Guild Mortgage Takes Top Spot in Customer Satisfaction Survey appeared first on Appraisal Buzz.
BiggerPockets
NOVEMBER 11, 2021
Your late 20s through early 30s can be a financially troubling part of life. You aren’t making the most money you ever will, but you’re tackling big expenses. A wedding, […].
Appraisal Buzz
NOVEMBER 11, 2021
The U.S. mortgage industry has earned an average profit of $4,202 per loan on its way to record volume and a record $4.4 trillion in new loans originated in 2020 – and the perfect storm of low interest rates and high home values has kept the gold rush going in 2021. According to J.D. Power ’s 2021 U.S. Primary Mortgage Origination Satisfaction Study , mortgage originators have struggled to manage surging refinancing volume and efforts to.
Lamacchia Realty
NOVEMBER 11, 2021
Announcing the newest qualifier for the Lamacchia Realty President’s Club, Elisha Lynch ! This is Elisha’s first time qualifying for this distinction, and we couldn’t be more excited for her. So far in 2021, Elisha has had 33 sales and that number will only increase as we head towards the end of the year. She is a Seller Representative Specialist (SRS) and is endorsed by the National Association of REALTORS® C2EX program for her commitment to providing the highest level of professionalism.
Appraisal Buzz
NOVEMBER 11, 2021
As employee home loan assistance programs are developed, employers must consider the implication of lending regulations. Legal experts Brett L. Foster and T. Robert Finlay share their thoughts with DS News. The post Quick Take: Next-Level Thinking on Employee Home Loan Assistance Programs appeared first on DSNews. The post Quick Take: Next-Level Thinking on Employee Home Loan Assistance Programs appeared first on Appraisal Buzz.
Lamacchia Realty
NOVEMBER 11, 2021
We are thrilled to announce the latest addition to the Lamacchia Realty Business Development team, Katherine Copeland ! Katherine will now take on the role of a Business Development Consultant, transitioning from a Business Development Administrative Assistant. Katherine first started at Lamacchia back in 2020 as a REALTOR®. Her radiant personality and quick-on-her-feet work ethic captured the attention of Jackie Louh, the Vice President of Business Development.
Appraisal Buzz
NOVEMBER 11, 2021
Agreement to purchase mortgage services provider strengthens Sourcepoint’s QC and due diligence capabilities, and provides greater access to mid-market lenders. The post Sourcepoint Signs Deal to Acquire The StoneHill Group appeared first on DSNews. The post Sourcepoint Signs Deal to Acquire The StoneHill Group appeared first on Appraisal Buzz.
Lamacchia Realty
NOVEMBER 11, 2021
ARE EXTENDED WARRANTIES WORTH IT? Buying a new home many times goes hand in hand with buying new home appliances. If you’ve ever purchased a home appliance, electronic device, or even furniture before, you were probably asked about an extended warranty. Leading to the question of, is the extended warranty of the appliance worth it? They come at an added cost on top of an already pricey purchase, so many people say no without another thought.
Mashvisor
NOVEMBER 11, 2021
Buying probate homes for sale is a great way to find bargains, but they come with great risks. This article discusses what the process is like.
Mortgagebroker News
NOVEMBER 11, 2021
The company says its partnership with the institutional investor will be like “rocket fuel” for its technology roadmap
Mashvisor
NOVEMBER 11, 2021
If you are a first-time real estate investor, knowing the difference between rent and mortgage can help you build and grow your portfolio.
Mortgagebroker News
NOVEMBER 11, 2021
New data shows decline largely due to decrease in residential construction investment
Cleveland Appraisal Blog
NOVEMBER 11, 2021
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates. You might enjoy reading “ AVM’s & Punxsutawney Phil’s Accuracy “, “ AVM’s… The Wonder Bread of Value “, “ Appraiser vs. AVM vs. Zestimate…Ten Properties ” and finally, “ iBuyers…The Pawn Shops of Real Estate “ Obviously, this topic is of interest to me, seeing is that value is my profession.
Mortgagebroker News
NOVEMBER 11, 2021
A new report reveals how many office buildings remained empty in the third quarter
Appraisal Buzz
NOVEMBER 11, 2021
Strong homebuyer demand and limited housing supply led to median sales prices rising for existing single-family homes in all but one of 183 measured markets in the third quarter of 2021. This is according to the latest quarterly report from the National Association of Realtors (NAR), which found that 78% of 183 markets experienced double-digit year-over-year price increases, fewer than in the prior quarter (94%).
Mortgagebroker News
NOVEMBER 11, 2021
All five cities with the lowest rates are in the GTA
Appraisal Buzz
NOVEMBER 11, 2021
No matter how you look at it, now is a great time to be a home seller as the median sale price of an existing single-family home rose again last quarter to another record high. According to the National Association of Realtors (NAR), they attributed the rise to strong homebuyer demand and low housing supply among the top 182 metropolitan areas nationwide.
Mortgagebroker News
NOVEMBER 11, 2021
City council votes to approve new "inclusionary zoning" policy
Appraisal Buzz
NOVEMBER 11, 2021
No matter how you look at it, now is a great time to be a home seller as the median sale price of an existing single-family home rose again last quarter to another record high. According to the National Association of Realtors (NAR), they attributed the rise to strong homebuyer demand and low housing supply among the top 182 metropolitan areas nationwide.
Empire Appraisal Group
NOVEMBER 11, 2021
Caiaimage/Trevor Adeiline / Getty Images. What Is Gentrification – and Why Is It Good or Bad? By Brooke Cain. It means a neighborhood is changing from low-income to trendy. It’s good for early buyers, but it’s bad for lower-income owners who can no longer afford to live there. NEW YORK – It’s happening in cities across the country: white residents and businesses moving into traditionally non-white neighborhoods (usually near downtown centers), changing those communities at their core.
Kairos Appraisal Services
NOVEMBER 11, 2021
Doing multifamily property appraisals can be very challenging because they aren’t done the same way as either single-family home or apartment building appraisals. In fact, a multifamily property appraisal is quite different from either. In part, this is because a multifamily property is most often used to produce income rather than as a place for… The post The Challenges of Doing Multifamily Property Appraisals appeared first on Kairos.
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