Housing Wire
MARCH 24, 2022
The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers ’ ability to buy homes in February. The trend is also likely to worsen in the coming months. The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association.
Appraisal Buzz
MARCH 24, 2022
Black Knight Inc., has released a “first look” the latest iteration of it Mortgage Monitor Report for February 2022 which looks delinquency and foreclosure rates across the U.S. The big takeaway from this months’ first look found that the national delinquency rate has declined 2.4% since January, meaning that delinquencies are nearly the same as they … The post Early-Stage Delinquencies Rise in February; Foreclosure Starts Fall appeared first on DSNews.
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Housing Wire
MARCH 24, 2022
The rollercoaster is still climbing. Mortgage rates are approaching 4.5%, a level economists forecasted would not be reached until the tail end of 2022. And there’s good reason to believe mortgage rates will be in the 5% range before too long. According to data from Freddie Mac ‘s PMMS survey, mortgage rates on the traditional 30-year fixed-rate mortgage jumped 26 basis points to 4.42% this week, with increases across all loan types.
Appraisal Buzz
MARCH 24, 2022
The Market Composite Index, a measure of mortgage loan application volume, decreased 8.1% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association ‘s (MBA) Weekly Mortgage Applications Survey for the week ending March 18, 2022. On an unadjusted basis, the Index decreased 8% compared with the previous week.
Housing Wire
MARCH 24, 2022
The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Marketing Leaders award are now open through Friday, March 25, 2022. Click here to nominate someone you know — it can even be you! Consumer habits and expectations shifted dramatically as the pandemic took hold two years ago, affecting the way every industry approaches its customer experience.
Appraisal Buzz
MARCH 24, 2022
On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available. Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
MARCH 24, 2022
Homebuyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3% to $1,653 from $1,526 in January. This is according to the Mortgage Bankers Association ‘s (MBA) new Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS). “Low unemployment has spurred strong income growth in early 2022, but hom
Housing Wire
MARCH 24, 2022
Compass CEO Robert Reffkin. Back in 2018, Robert Reffkin exuded that Compass agents were literally invested in the brokerage’s success. Reffkin, the CEO and co-founder of Compass, told The Real Deal then that 1,149 of the company’s about 7,000 agents, or around 16%, returned to Compass some revenue from sales commissions in exchange for company stakes. .
Appraisal Buzz
MARCH 24, 2022
The Federal Housing Finance Agency (FHFA) has released its fourth quarter 2021 Foreclosure Prevention and Refinance Report?. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 153,793 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,364,278 since the start of conservatorships in September 2008.
Appraiserblogs
MARCH 24, 2022
Appraisers historically have been sold bogus franchises, software, and other magic solutions. Only $199.95 — Push the enchanted ‘calculate’ button and get ‘correct’ adjustments. Sounds good. It is nice to think that for this small charge, I can save hours and get the right, fully mathematical solution to an adjustment amount. It will be wonderful! I have seen this marketing plan work many times.
Appraisal Buzz
MARCH 24, 2022
The share of millennial home buyers increased significantly over the past year, according to the latest study from the National Association of Realtors 2022 Home Buyer and Seller Generational Trends report. The NAR report found that the combined share of younger and older millennial buyers rose to 43% in 2021–up from 37% in 2021. Approximately … The post Largest Share of Buyers Purchased Homes in Suburbs, Rural Areas appeared first on DSNews.
McKissock
MARCH 24, 2022
On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” The 58-page report is available here , while an Executive Summary of the report is also available. Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.
Empire Appraisal Group
MARCH 24, 2022
Nearly One-Third of Americans Plan to Relocate. Melissa Dittmann Tracey. The share of home buyers planning to move from one region to another has grown as many Americans look to relocate to more affordable regions of the U.S. Nearly one in three home buyers—or 32%—say they want to relocate, a record high, according to a new consumer survey conducted by Redfin.
Lamacchia Realty
MARCH 24, 2022
Just over two years after launching the innovative property matching system, LamacchiaLinks , the company has officially secured a patent ! LamacchiaLinks is a home buyers and seller matching system within the company’s custom CRM. This system allows Lamacchia agents to easily and quickly find off market properties that match up with their buyers needs.
Mashvisor
MARCH 24, 2022
Do you work with commercial real estate as well as residential? Follow this guide to see which software is better as we compare Reonomy vs CoStar.
Lamacchia Realty
MARCH 24, 2022
In an unforeseen twist to the market, Tuesday saw 30-year mortgage rates reach 4.72% and surpass the level they weren’t predicted to reach until the end of the year. The unforeseen twist is a combination of current geo-political factors such as what is unfolding in Ukraine, subsequent rising prices for oil, and as well, inflation. This rapid increase is akin to a rate spike in 1994, however, the last time we saw 4.72% was in November of 2018.
Mashvisor
MARCH 24, 2022
Investing in a rental property for sale is an excellent great way to create a consistent income stream and build wealth in the long term.
BiggerPockets
MARCH 24, 2022
It’s not uncommon to have irregular income as a business owner or self-employed individual. But with different amounts of money coming in every month, how can you budget, invest, or […].
Mashvisor
MARCH 24, 2022
The House of Mouse is embarking on a new journey with its Disney homes project called Storyliving by Disney.
Mortgagebroker News
MARCH 24, 2022
The market is not likely to withstand a return to pre-pandemic mortgage rates, according to Capital Economics
Mashvisor
MARCH 24, 2022
Should you invest in Airbnb Houston? Or is it a better idea to run a traditional rental instead?
Mortgagebroker News
MARCH 24, 2022
Input from broker advisory council invaluable as Community Trust looks to continue expansion
Hank Miller Team
MARCH 24, 2022
Want a sobering fun fact? A 1 mortgage rate increase cuts home buyer affordability between 10-11. In January, Timmy had a very nice $450K home in his sights but was annoyed with the price and having to compete with other buyers. He lost it. He then found two more solid fits at $465K and $445K, liked them and felt his offers were right on target. Losing both, he decided to wait for the "spring" market because he knows that prices will come down as inventory increases.
Mortgagebroker News
MARCH 24, 2022
The condo segment continues to drive much of the market's new home sales
National Association of Realtors
MARCH 24, 2022
The five-step plan aims to fight racial and ethnic bias in home valuations that lawmakers blame on widening the racial wealth gap.
Mortgagebroker News
MARCH 24, 2022
The consolidated operation is expected to reach more than 200,000 Canadians every month
GoForrmz
MARCH 24, 2022
Elevate your dentistry practice with these top three digital forms for dental professionals Are you a dental office that finds yourself burdened with piles of dental patient paperwork and is searching for a digital solution to streamline your record-keeping? Well look no further – GoFormz offers a robust mobile forms automation software to streamline your digital data collection, workflows, patient communication, and much more.
Mortgagebroker News
MARCH 24, 2022
"People first, everything else second"
Appraisal Buzz
MARCH 24, 2022
The U.S. Department of Housing and Urban Development (HUD) has announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Maine affected by a severe storm and flooding from October 30 to October 31, 2021. On March 15, President Biden issued a major disaster declaration for … The post HUD Grants Disaster Assistance For Maine Disaster Survivors appeared first on DSNews.
Housing Wire
MARCH 24, 2022
The Department of Housing and Urban Development is planning a new rulemaking that Tribal entities say could threaten national down payment assistance programs. A HUD spokesperson denied the department has any intention of eliminating the use of these programs with FHA-insured mortgages. “HUD strongly believes in the value of down payment assistance programs provided by governmental entities,” a HUD spokesperson said.
Appraisal Buzz
MARCH 24, 2022
Amassing more than 20 years of real estate operations and asset management experience, ServiceLink adds vet to expand the company’s SFR solutions for investors and clients. The post ServiceLink Names Jamie Rey-Hipolito VP of Single-Family Rental appeared first on DSNews. The post ServiceLink Names Jamie Rey-Hipolito VP of Single-Family Rental appeared first on Appraisal Buzz.
Housing Wire
MARCH 24, 2022
The U.S. Capitol building in Washington, D.C. The lack of appraisal data from the government sponsored enterprises took center stage at a Senate Banking Committee hearing Thursday on appraisal bias. Pennsylvania Sen. Patrick Toomey, the ranking Republican on the committee, said the recently released appraisal bias task force report did not settle the question of whether or not the problem is systemic.
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