Housing Wire

AUGUST 18, 2022

Purchase mortgage rates declined this week on the news that inflation appears to have peaked and appear to be stabilizing. The 30-year fixed-rate mortgage decreased this week to an average of 5.13%, down from last week’s 5.22%, according to the latest purchase mortgage survey from Freddie Mac. A year ago this time, rates averaged 2.86%. The index compiles rates reported by lenders during the past three days. “Inflation appears to be beyond its peak, which has stopped the rapid increa

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Appraisal Buzz

AUGUST 18, 2022

The ever present “zombie property” now represents one in just 78 units as the Vacant Property and Zombie Foreclosure from ATTOM Data showed that there were 1,277,162 properties sitting vacant across the country during the third quarter of 2022. This number represents 1.3% of the total number of homes. In addition, the report found that … The post Zombie Propertie Count Inches Up appeared first on DSNews.

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Housing Wire

AUGUST 18, 2022

There’s a lot that you can learn and gain by listening to the top c-suite leaders in the housing industry, whether you are a new hire, an aspiring entrepreneur or in the c-suite yourself. That is why HW Annual is thrilled to include an amazing line-up of powerful CEOs in the agenda for this year’s conference. Tap into the knowledge bank of these top CEOs who are driving their businesses forward by registering today for HW Annual in Scottsdale, Arizona Oct. 3-5.

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Appraisal Buzz

AUGUST 18, 2022

The fact that housing and mortgage rates have done nothing but rise over the last year has hampered affordability across the board, but the impact on Black renters in particular has been particularly harsh—the share of Black renter households who could afford the median-priced home fell by 44%. Raheem Hanifa, a Research Analyst at the … The post Black Households Affordability Numbers Halved appeared first on DSNews.

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Eyes on Housing

AUGUST 18, 2022

As elevated mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for six consecutive months, according to the National Association of Realtors (NAR). All four regions saw double-digit decline in sales from a year ago. But home price appreciation has slowed as inventory increased. The median existing home prices in July was down $10,000 from.

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Appraisal Buzz

AUGUST 18, 2022

A study by Redfin found that real estate investors acquired approximately 87,500 homes nationwide in Q2, a total that was up 11% quarter-over-quarter. The post Real Estate Investors Purchased a Record $60.1B in Q2 appeared first on DSNews. The post Real Estate Investors Purchased a Record $60.1B in Q2 appeared first on Appraisal Buzz.

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Appraiserblogs

AUGUST 18, 2022

This time around, the racial targeting is masked as a virtue under the heading “Diversity, Equity and Inclusion,” or “DEI.” Valuation Jiu-Jitsu Will Lead to Future Addie Polks Addie Polk was a 91-year-old African-American widow who shot herself in the chest in 2008 during a Fannie Mae-initiated eviction in Akron, Ohio. It marked the low point in Fannie’s embrace of toxic mortgages.

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GoForrmz

AUGUST 18, 2022

The role of data in higher education From tech startups to large corporations, data is often touted as one of their most valuable resources. And in many industries, it’s easy to see the benefits of tracking digital information such as purchases, customer behavior, website visits, and more. But the benefits of data capture don’t stop at higher education.

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Mashvisor

AUGUST 18, 2022

Do you want to invest in vacation rentals but don’t know how to start? Read on to learn how to buy property for Airbnb to earn extra income.

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BiggerPockets

AUGUST 18, 2022

Real estate markets are local, not national. When someone says, “the housing market is about to drop,” you have to ask, “which housing market?” Every city has different migration patterns, housing market activity, building […].

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Marketing Housing Market Real Estate 58

Mortgagebroker News

AUGUST 18, 2022

The year to date has already seen its fair share of surprising news where variable and fixed rates are concerned

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BiggerPockets

AUGUST 18, 2022

Recently, when the Fed raised interest rates again, my company, an institutional real estate investment lender in the private lending community, was bombarded with calls from investors saying, “My lender […].

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Mortgagebroker News

AUGUST 18, 2022

Q2 marks "worst quarterly and annual deteriorations in 41 years"

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BiggerPockets

AUGUST 18, 2022

For average investors, private money lending has been mentally squared away as “something mega-wealthy people do.” Most investors will write off lending money because they think they lack the experience […].

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Mortgagebroker News

AUGUST 18, 2022

Interestingly, the price is nearly exactly where it was in 2020

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Listing Spark

AUGUST 18, 2022

powered by Sounder. Episode overview. Building a real estate investor business is tough. You need to have the right people, the right processes, and the right tech to scale. Even if you build everything right, things will still go wrong. The market isn’t always constant and you need to be prepared for shifts. What should you do if the market goes down?

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Mortgagebroker News

AUGUST 18, 2022

What are the risk factors that could lead to economic downturn?

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Housing Wire

AUGUST 18, 2022

After a July doldrums during which there were no agency-eligible private-label securitizations (PLS) backed by mortgages on residential investment properties, the ice was broken this month with a new offering sponsored by Blue River Mortgage III LLC. The prime PLS offering, dubbed GCAT 2022-INV3, is backed by a pool of 1,259 mortgages valued at $423 million.

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Marketing Investing Landlords Investors 407

Mortgagebroker News

AUGUST 18, 2022

Allied Market Research publishes its latest data and forecasts

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Housing Wire

AUGUST 18, 2022

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter. It’s a significant drop from the first quarter, when lenders saw a gain of $223 per loan, according to the Mortgage Bankers Association (MBA). The MBA attributed the losses to a rate rising environment and lack of housing inventory.

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Inventory Mortgage Valuation Housing Market 395

Eyes on Housing

AUGUST 18, 2022

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building registered relatively flat conditions for the second quarter of 2022. There were 53,000 total custom building starts during the second quarter of the year. This marks a 2% decline compared to the second quarter of 2021 in terms of year-over-year change.

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Design 132

Housing Wire

AUGUST 18, 2022

Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. The requirement would be for nonbanks, who make up the bulk of the Federal Housing Administration market. Ginnie Mae specifically called out those institutions that are not “regulated by a federal prudential regulator” or state-chartered in guidance it published today, a day after it made a joint announcement with the Federal Housing Finance Agency.

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Appraisal Buzz

AUGUST 18, 2022

Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year sales declines. Total existing-home sales –completed transactions that include single-family homes, townhomes, condominiums and co-ops– slipped 5.9% from June to a seasonally adjusted annual rate of 4.81 million in … The post Are We ‘Witnessing a Housing Recession?

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Empire Appraisal Group

AUGUST 18, 2022

Slowing Inflation Suggests Mortgage Rates Have Topped Out. Source: Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out | Realtor Magazine. NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers. Melissa Dittmann Tracey. Inflation eased slightly in July, which could bode well for the housing market in the months ahead, says Lawrence Yun, chief economist for the National Association of REALTORS®.

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Buys Brokers Only LLC

AUGUST 18, 2022

Andover, Massachusetts, located in Essex County about 25 miles north of Boston, saw single-family home sales and prices in July 2022 move more than 20 percent but in different directions.

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