Housing Wire

NOVEMBER 30, 2021

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S.

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Appraisal Buzz

NOVEMBER 30, 2021

The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9 trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin. Bitcoin, a universal cryptocurrency, can be used today to buy everything from groceries to houses using a digital wallet.

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Housing Wire

NOVEMBER 30, 2021

It’s?coming to the?end of the year,?and?real estate?market experts are rolling out?all of?their predictions.?Home prices?are expected to?rise? another 16%. At the same time, rising home prices? will slow down from what we’ve seen in 2021.? Mortgage rates? will increase , and? 2022 is slated to be? a buyer’s market. ? . While all of these predictions are interesting to read, they’re just that.?

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Appraisal Buzz

NOVEMBER 30, 2021

The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9 trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin. Bitcoin, a universal cryptocurrency, can be used today to buy everything from groceries to houses using a digital wallet.

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Housing Wire

NOVEMBER 30, 2021

Home prices posted their largest-ever yearly gain since the inception of the Federal Housing Finance Agency (FHFA) House Price Index more than a decade ago. Home prices across the country rose 18.5% year-over-year, a 4.2% increase from the second quarter of 2021. Home prices in the U.S. Census Bureau’s mountain division — Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming — rose a staggering 25% from the third quarter of 2020 to the third quarter of 2021.

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Appraisal Buzz

NOVEMBER 30, 2021

The new conforming loans limits for mortgages that can be acquired by Fannie Mae and Freddie Mac were announced this morning by the Federal Housing Finance Agency (FHFA). As expected, the changes reflect the nearly unprecedented price gains over the last year. Earlier today FHFA posted third quarter changes in its Housing Price Index (HPI). Between the third quarter of 2020 and 2021 the expanded-data index (slightly different than the regular HPI) had grown by.

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Appraisal Buzz

NOVEMBER 30, 2021

Natural disasters occurred in every state over the course of 2020 in the tunes of thousands of these events sprinkled across the states. While one would expect California or Florida to lead in the amount of natural disasters that occur every year, though in reality the states with the highest counts were South Dakota, Virginia, and Texas. Winter storms in Texas, for example, accounted for 40% … The post Natural Disasters are Pushing Up Insurance Rates appeared first on DSNews.

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Housing Wire

NOVEMBER 30, 2021

Nonbank mortgage lenders regained their footing in the third quarter, upping their net profit by 28% to $2,594 on each loan originated, according to a quarterly report published by the Mortgage Bankers Association on Tuesday. But they would be wise to look at expenses, which climbed to the second-highest rate in recorded history. The results follow a turbulent second quarter, in which lenders fretted as net income and gain-on-sale margins cratered.

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The Appraiser Coach

NOVEMBER 30, 2021

Realtor magazine published an article about whether or not listing photos should stay online after the home has sold. Some homeowners have privacy and safety concerns over these photos being. Read More.

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Housing Wire

NOVEMBER 30, 2021

Mortgage applications declined 7.2% for the week ending Nov. 26, reflecting a lower appetite for refinances, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The drop was mainly driven by the refinance index declining by 14.8% from the previous week, on a seasonally adjusted basis. Concurrently, the purchase index grew by 5.1% from the week prior.

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Appraisal Buzz

NOVEMBER 30, 2021

In a banner year for the industry, the ascension in home prices has forced baseline conforming loan limits to rise to $647,200 in 2022. The post FHFA Announces Conforming Loan Limits for 2022 appeared first on DSNews. The post FHFA Announces Conforming Loan Limits for 2022 appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . That demand-supply imbalance has led to hiring blitzes, lucrative salary offers and bonuses that may help individual firms attract talent, but it also tends to exacerbate the shortage of underwriters available for competing companies.

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Appraisal Buzz

NOVEMBER 30, 2021

S&P CoreLogic Case-Shiller Indices found an annual price gain of nearly 20% in September 2021, driven by a continued lack of inventory and the return of bidding wars. The post Home Prices Continue to Rise Nationwide appeared first on theMReport.com. The post Home Prices Continue to Rise Nationwide appeared first on Appraisal Buzz.

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Housing Wire

NOVEMBER 30, 2021

As we look forward to 2022, the non-QM market is predicted to grow substantially. “There is a bigger consensus of confidence in the product now,” said Keith Lind, executive chairman and president of Acra Lending. “The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”.

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Appraisal Buzz

NOVEMBER 30, 2021

Realtor magazine published an article about whether or not listing photos should stay online after the home has sold. Some homeowners have privacy and safety concerns over these photos being … Read More. The post Are Pictures Really Worth a 1000 Words? appeared first on Appraisal Buzz.

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GoForrmz

NOVEMBER 30, 2021

Learn how GoFormz can digitize your child care enrollment forms for instant access to documents and faster response times By taking your child care enrollment paper forms digital, you can streamline operations, reach new clientele, and improve your overall data collection and processing. The GoFormz platform offers form sharing, also referred to as GoFormz’s Public Forms feature, which enables your team to easily access submitted forms from potential customers and respond accordingly.

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Appraisal Buzz

NOVEMBER 30, 2021

Former Google Director joins real estate investor lender leadership team to enhance the firm’s tech offerings. The post Vinay Goel Joins Kiavi as SVP of Products appeared first on DSNews. The post Vinay Goel Joins Kiavi as SVP of Products appeared first on Appraisal Buzz.

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Eyes on Housing

NOVEMBER 30, 2021

In September, national home prices grew at a slower but still unsustainable pace. Locally, 14 out of 20 metro areas reported that they realized a deceleration in home price growth in September. This month’s data indicates that housing market is cooling slightly as housing affordability concerns persist. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow.

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Appraisal Buzz

NOVEMBER 30, 2021

As a property appraiser, an important part of your job is keeping up with the latest industry updates and the state of the real estate market. But where do you turn for this information? What are some good go-to news sources for appraisers? To find out, last month we asked our appraisal community, “What source(s) do you use for keeping up-to-date on current real estate appraisal news?

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Raleigh Realty

NOVEMBER 30, 2021

The Connection to Mental Health and Your Living Space The places that you spend the most time have a serious impact on your mental health and wellbeing. Multiple studies have shown the connections between living spaces and the effects on mental health through how a room is furnished, the size of the living space, and whether or not you live alone or with others.

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Appraisal Buzz

NOVEMBER 30, 2021

U.S. house prices rose 18.5% from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI). House prices were up 4.2% compared to the second quarter of 2021. FHFA’s seasonally adjusted monthly index for September was up 0.9% from August. “House price appreciation reached its highest historical level in the quarterly series,” says William Doerner, Ph.D., supervisory economist in FHFA’s Division.

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McKissock

NOVEMBER 30, 2021

As a property appraiser, an important part of your job is keeping up with the latest industry updates and the state of the real estate market. But where do you turn for this information? What are some good go-to news sources for appraisers? To find out, last month we asked our appraisal community, “What source(s) do you use for keeping up-to-date on current real estate appraisal news?

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Appraisal Buzz

NOVEMBER 30, 2021

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter of 2021, up from a reported gain of $2,023 per loan in the second quarter of 2021, according to the Mortgage Bankers Association ‘s (MBA) latest Quarterly Mortgage Bankers Performance Report. “Net production profit rebounded in the third quarter of 2021 after a drop-off in the second quarter, but was.

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BiggerPockets

NOVEMBER 30, 2021

Not everyone will love commercial investing, mixed-use buildings, flipping houses, BRRRRing, or even traditional buy-and-hold rentals. But you’ll probably find one type of real estate class that you absolutely love. […].

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Appraisal Buzz

NOVEMBER 30, 2021

Moving from Managing Director of Development Operations and Data, 25-plus-year software specialist takes on new role of CIO of digital mortgage platform. The post Dean McCall Promoted to CIO of Promontory MortgagePath appeared first on theMReport.com. The post Dean McCall Promoted to CIO of Promontory MortgagePath appeared first on Appraisal Buzz.

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Lamacchia Realty

NOVEMBER 30, 2021

PREPPING FOR A WINTER SALE. If you’re thinking about selling this winter don’t think that you’re behind the eight ball. Selling in the winter and around the holidays has some positive benefits that can’t be utilized during other seasons. With fewer homes naturally being on the market, your home will be getting more attention from buyers. The buyers who are looking during this time of the year are extra motivated so being on top of your selling game is even more important!

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Appraisal Buzz

NOVEMBER 30, 2021

The FHFA has issued its conforming loan limits for 2022, as the increase in home prices nationwide has forced loan limits to $647,200 next year. The post GSE Loan Limits to Rise Nearly $100K in 2022 appeared first on theMReport.com. The post GSE Loan Limits to Rise Nearly $100K in 2022 appeared first on Appraisal Buzz.

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Mashvisor

NOVEMBER 30, 2021

What are condominium conversions? keep reading as we break down this concept and walk you through the process of getting involved in these projects. What is a Condominium Conversion?

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Lamacchia Realty

NOVEMBER 30, 2021

We are thrilled to announce our Business Development team has expanded to Florida! Theresa Ercoli, a Florida resident, will be the first business development consultant based out of the Fort Lauderdale office and we cannot wait to see what she accomplishes! Theresa has an extensive history in marketing and sales roles. Most recently, Theresa worked in the title industry, giving her ample experience and expertise in various aspects of the real estate industry.

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Mashvisor

NOVEMBER 30, 2021

Certain words and phrases in real estate can sometimes be alarming. People often feel flustered when they come across terms in conditions in mortgage contracts.

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Real Estate Contracts Mortgage Finance 69

Mortgagebroker News

NOVEMBER 30, 2021

New Edmonton Veterans' Village to cater to uniformed personnel easing themselves back to civilian life

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Mashvisor

NOVEMBER 30, 2021

If you are considering buying a new house, there are endless questions that run through your mind.

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Mortgagebroker News

NOVEMBER 30, 2021

Stricter rules to build upon OSFI's previous measures, including the mortgage stress test

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Will Springer Realtor

NOVEMBER 30, 2021

In concluding this three-part November series on smart-home tech, we focus on the simplest of items – the light bulb. Many of us have already converted parts of our home with more energy-efficient lighting. When a bulb burns out, we usually select something that will last longer and save us a few bucks along the way. Admittedly, newer model bulbs cost more than incandescent varieties but the long-term savings can add up.

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