Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. Most economists believe they’ll continue to climb. “Mortgage rates continued to rise this week due to the trajectory of both the economy and the pandemic,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

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Mortgage Supply Chain Inventory Development 450

Appraisal Buzz

OCTOBER 21, 2021

Boosted by an increase in inventory, existing-home sales jumped 7% in September compared with August to a seasonally adjusted annual rate of 6.29 million, according to the National Association of Realtors (NAR). However, existing-home sales were down 2.3% compared with September 2020. Regionally, and month-over-month, home sales increased 5.5% in the Northeast, 5.1% in the Midwest, 8.6% in the South, and 6.5% in the West.

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Realtors Inventory Appraisal 195

Housing Wire

OCTOBER 21, 2021

An overwhelming majority of surveyed seniors revealed that they would prefer to age in place in their current home, as opposed to moving into some kind of an assisted living facility. This is according to a new “Importance of Home” survey released this week by American Advisors Group (AAG), the leading reverse mortgage lender in the United States based on industry endorsement data.

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Design Mortgage 421

Appraisal Buzz

OCTOBER 21, 2021

The pace of the housing market has accelerated up at a time when it typically slows, as 44% more homes are pending sales than at this time in 2019. The post Home Supply to Demand Imbalance Continues appeared first on DSNews. The post Home Supply to Demand Imbalance Continues appeared first on Appraisal Buzz.

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Housing Market Appraisal Marketing 195

Housing Wire

OCTOBER 21, 2021

Endpoint , a platform that provides buyers, sellers and agents with a completely digital way to close on properties, announced Tuesday that it has secured an additional $150 million in funding. The funding came from parent company First American Financial Corporation. Since its founding in 2018, Endpoint has raised $220 million in capital. The company last announced a funding raise in November 2020 , when it secured $40 million from First American.

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Real Estate Investing Development Design 393

Appraisal Buzz

OCTOBER 21, 2021

Homebuyer demand has been outpacing supply with mortgage rates creeping upward, as Redfin has found demand has grown 15 times faster than supply since 2019. The post Homes Selling at Faster Pace This Fall appeared first on theMReport.com. The post Homes Selling at Faster Pace This Fall appeared first on Appraisal Buzz.

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Appraisal Mortgage 195

Appraisal Buzz

OCTOBER 21, 2021

Roc Capital LLC (Roc360) has announced the closing of its first round of syndicated revolving securitization of residential transitional loans. Roc36, a digital platform for residential real estate and an originator of investor-level loans, acted as a sponsor through its wholly-owned subsidiaries (such as Haus Lending) which underwrote, originated, and funded all of the initial mortgage loans in … The post Roc360 Successfully Issues Three Securities Worth $200 Million appeared first on D

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Lending Real Estate Investors Appraisal 195

Housing Wire

OCTOBER 21, 2021

With stunning lake views, easy access to world class ski resorts, a pedestrian-friendly downtown bustling with shops and restaurants, and the vibrancy of a college town, Burlington, Vermont has long been a sought-after destination for homebuyers. As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers.

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Buyers Inventory Agents Realty 383

Appraisal Buzz

OCTOBER 21, 2021

Fueled by the trajectory of both the economy and the pandemic, mortgage rates advanced upward this week; however, the housing market is expected to remain strong as 2021 comes to an end. The post Mortgage Rates Rise to 3.09% appeared first on theMReport.com. The post Mortgage Rates Rise to 3.09% appeared first on Appraisal Buzz.

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Mortgage Housing Market Appraisal Marketing 195

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The push will come from the Congress, where the COVID-19 pandemic rekindled discussions about a program established in the 1990s. The Affordable Housing Program (AHP) requires that each of the 11 FHLBanks in America contributes 10% of the preceding year’s net income to the purchase, construction, or rehabilitation of homes.

Investing 368

Investing Development Finance Technology 368

Appraisal Buzz

OCTOBER 21, 2021

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.09%. “Mortgage rates continued to rise this week due to the trajectory of both the economy and the pandemic,” observes Sam Khater, Freddie Mac’s chief economist. “Even as the availability of existing homes is improving, prices remain high due to homebuyer demand and limitations on housing starts and permits resulting from the ongoing.

Mortgage 195

Mortgage Appraisal Marketing 195

Housing Wire

OCTOBER 21, 2021

During a panel on residential appraisals, experts posed technology as a way to make appraisals more efficient and less subjective, as regulators take steps to understand and counteract bias. But tech adoption in appraisal might face an uphill climb. Appraisers themselves — and the regulatory standards they are held to — stand in the way of tech adoption, said Lyle Radke, director of collateral policy at Fannie Mae , during a panel hosted by the Mortgage Bankers Association. “Appraisers are

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Appraisal Technology Mortgage Valuation 367

Appraisal Buzz

OCTOBER 21, 2021

New AI-based iAnalyze joins a line designed to streamline loan processes for mortgage brokers and correspondents to meet the demands of non-QM financing. The post Sprout Unveils New Non-QM Offering appeared first on theMReport.com. The post Sprout Unveils New Non-QM Offering appeared first on Appraisal Buzz.

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Design Finance Appraisal Mortgage 195

Housing Wire

OCTOBER 21, 2021

An offering of Fannie Mae and Freddie Mac mortgage servicing rights (MSR) linked to a loan pool valued at nearly $2.2 billion is now being marketed by the Prestwick Mortgage Group on behalf of an undisclosed independent mortgage banker, according to a bid document obtained by HousingWire. The offering is yet another sign that the MSR market is continuing to heat up as the final quarter of the year unfolds.

Sellers 366

Sellers Mortgage Marketing 366

Appraisal Buzz

OCTOBER 21, 2021

Investors are buying up more real estate and paying less for it, as a new report finds investors now account for 15% of all residential property purchases. The post Real Estate Investors Getting More Bang for Their Buck appeared first on DSNews. The post Real Estate Investors Getting More Bang for Their Buck appeared first on Appraisal Buzz.

Real Estate 195

Real Estate Investors Appraisal 195

Appraiserblogs

OCTOBER 21, 2021

The desktop appraisals are not necessarily more reliable, which could become an adverse issue for appraisers in the future… Appraisers, we learned about this late on Monday, Oct. 18, 2021: Sandra L. Thompson, acting director of the Federal Housing Finance Agency (FHFA) appeared before the Mortgage Bankers Association annual conference on Monday.

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Appraisal Inspection Valuation Finance 110

Appraisal Buzz

OCTOBER 21, 2021

Mortgage Cadence , a subsidiary of Accenture, has unveiled their new Mortgage Cadence Platform (MCP) and announced the release of version 1.1 to help users throughout the mortgage lending life cycle across all channels and products. The company also just announced their new brand and website to align with the evolution of the platform. Delivered in the Microsoft Azure public cloud, clients see increased speed, data security and a suite of cloud-native analytics tools, including.

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Empire Appraisal Group

OCTOBER 21, 2021

Investor Invasion: Profit-Minded Home Buyers Flock to S. Fla. Sky Noir Photography by Bill Dickinson. By Rebecca San Juan. Redfin: Home purchases by investors in Miami and Fort Lauderdale jumped over 90% in 2Q 2021 compared to 2Q 2020; the 2020 numbers were impacted by COVID-19. MIAMI – Kaley Tuning and her husband began to invest in real estate in 2017 with the purchase of a modest home.

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Investors Buyers Real Estate Advertising 78

BiggerPockets

OCTOBER 21, 2021

People often tell each other to “stay positive” in light of grim circumstances or hard times. This consistent positivity can feel forced when going through something truly terrifying, but it’s […].

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Real Estate 76

Mashvisor

OCTOBER 21, 2021

A property manager, also known as an estate manager, is an individual or a property management company paid to take care of a real estate property on behalf of the…

Property Management 68

Property Management Real Estate Investors 68

Mortgagebroker News

OCTOBER 21, 2021

Steadily falling inventory is discouraging sales activity, provincial real estate board says

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Housing Market Inventory Real Estate Marketing 67

Mashvisor

OCTOBER 21, 2021

The real estate rental strategy is one of the most reliable ways of making passive income. But it’s a long-term investment strategy that requires more work.

Investing 68

Investing Real Estate Investors 68

Mortgagebroker News

OCTOBER 21, 2021

A prominent CEO in the space said the sphere is witnessing a number of encouraging trends

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Mortgage 67

Eppraisal

OCTOBER 21, 2021

Listing your home for sale can be a lot less stressful and a very positive experience if you use the right listing agent. Your listing agent's first priority should be to get you the highest home value, in the least amount of time and with the least amount of stress. Where to Look For a Listing Agent It's extremely important to find a local real estate agent.

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Agents Realtors Home Value Real Estate 36

Mortgagebroker News

OCTOBER 21, 2021

Uninsured new mortgage credit saw double-digit annual increases in volume and value

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Mortgage 64

Willowbrook Valuation

OCTOBER 21, 2021

Industries across the world are in the midst of planning for climate change and reacting to its effects. It’s clear that climate change has implications that extend well beyond the average temperature of the earth. This introduces the question: how will climate change affect the world of real estate? In this blog post, we discuss […]. The post Climate Change and Its Impact on Real Estate Investing appeared first on Willowbrook Valuation & Advisory Services.

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Real Estate Investing Valuation 36

Property Metrics

OCTOBER 21, 2021

When working with a commercial real estate data set, there are occasions where it is necessary to create a sum for a range of values, but only if they meet certain criteria. Fortunately, there is an easy way to accomplish this task using a built in Microsoft Excel function known as “SUMIF.” In this article, the SUMIF function is defined, the syntax for using it is described, and its use is demonstrated in a commercial real estate scenario.

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Real Estate Property Taxes Finance Investing 36

Housing Wire

OCTOBER 21, 2021

The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 million. Now that we are just 10 days away from Halloween in 2021, we can all chuckle a bit at how wrong the housing bears of 2020-2021 have been. Especially all those crazy cats on YouTube forecasting the 2021 collapse of housing due to forbearance.

Realtors 540

Realtors Buyers Mortgage Inventory 540

Appraisal Buzz

OCTOBER 21, 2021

Existing home sales resumed an upward trajectory in September after dipping 2.0 percent in August. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments rose 7.0 percent in September, although this still left them 2.3 percent behind the pace in September 2020.

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Realtors Appraisal 284

Housing Wire

OCTOBER 21, 2021

Existing-home sales rose 7.0% in September after waning in August, according to a new report National Association of Realtors released Thursday. Despite this increase, sales of existing homes are still down 2.3% from a year ago. “The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement.

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Inventory Buyers Realtors Contracts 410

Appraisal Buzz

OCTOBER 21, 2021

Sales of already-built existing homes increased in September in each of the four major regions monitored by the National Association of Realtors (NAR). According to a new report published by the NAR, total existing home sales (which includes single-family homes, townhomes, condominiums, and co-ops) rose 7.0% from August to a seasonally adjusted annual rate of 6.29 million units in September, but was down … The post Distressed Sales Represent Less Than 1% of the Market appeared first on DS

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Marketing Realtors Appraisal 195

Eyes on Housing

OCTOBER 21, 2021

As inventory improved in recent months, existing home sales surged to 8-month high in September, according to the National Association of Realtors (NAR). Though housing demand remains strong as buyers want to take advantage of low mortgage rates before rates rise further, higher home prices are pricing out first-time and young buyers.

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Buyers Inventory Realtors Mortgage 164

Appraisal Buzz

OCTOBER 21, 2021

Sales of already-built existing homes increased in September in each of the four major regions monitored by the National Association of Realtors (NAR). According to a new report published by the NAR, total existing home sales (which includes single-family homes, townhomes, condominiums, and co-ops) rose 7.0% from August to a seasonally adjusted annual rate of 6.29 million units in September, but was down … The post September Existing Home Sales, Median Home Price Both Increased appeared f

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Realtors Appraisal 195