Mon.Aug 29, 2022

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Rocket offers more voluntary buyouts

Housing Wire

Rocket Companies , the parent company of Rocket Mortgage , extended the second round of voluntary career transition offers to employees amid the company’s forecast of much lower origination volume in the third quarter. . “We recognize career growth options in certain areas of our business are limited right now, while the housing market normalizes following two years of unprecedented volume,” said Mike Malloy, chief administrative officer for Rocket Central.

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The housing market went from steaming to stagnant (free download)

Sacramento Appraisal Blog

The housing market went from steaming to stagnant a few months ago, and now that some time has passed, we’re getting more stats to help show the effect of higher mortgage rates. Today let’s look at sales volume to understand what’s going on. I have a free download too for anyone wanting to make visuals […].

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NYSE notifies Impac about risk of getting delisted

Housing Wire

California-based Impac Mortgage Holdings received a notice on Friday from the NYSE American LLC requiring a plan to adjust its stockholders’ equity level amid consecutive financial losses. Otherwise, the mortgage lender will be subject to delisting proceedings, according to a Securities and Exchange Commission (SEC) filing. . In the most challenging mortgage market in well over a decade, Impac stockholders’ equity reached approximately $3.5 million as of June 30, 2022.

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Are Delinquencies Numbers Stabilizing?

Appraisal Buzz

According to the Philadelphia Federal Reserve Bank, delinquencies and forbearance markets may have begun to flatten out as forbearances have posted about a half-million in mortgages, delinquencies posted numbers of around 2 million, and foreclosure starts hovering around 30,000 per month. Looking up, most of the 8.9 million borrowers who were in one point in … The post Are Delinquencies Numbers Stabilizing?

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Better.com extends deadline to go public via SPAC

Housing Wire

Digital mortgage lender Better.com and blank-check firm Aurora Acquisition Corp. extended the deadline to conclude their merger agreement, but the companies have already started to discuss options in case the deal fails. In May 2021, Novator Capital -sponsored special purpose acquisition company Aurora announced plans to make Better.com public in the fourth quarter of 2021.

Finance 373
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Is the ‘Great House Price Moderation’ Here?

Appraisal Buzz

A new blog post by Mark Fleming, the Chief Economist at First American Financial Corporation discusses the findings of the latest Real House Price Index (RHPI) covering June 2022 which saw a moderating of prices across the board. Specifically, the RHPI jumped 53.3% year-over-year from June 2021; this number set an index record as it … The post Is the ‘Great House Price Moderation’ Here?

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More Trending

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First-Time Buyers More Likely to Take Financial Risks

Appraisal Buzz

American homebuyers persevered through high prices and fierce competition in 2021 and 2022, but few landed their dream home as 80% reported compromising on their priorities, according to a new report from Anytime Estimate. First-timers paid a median of $77,500 over the listing price, while repeat buyers offered only $60,000. Although finding an affordable home was … The post First-Time Buyers More Likely to Take Financial Risks appeared first on DSNews.

Buyers 195
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Jury convicts San Francisco real estate investor for defrauding Quicken Loans

Housing Wire

A San Francisco real estate investor with political ties was found guilty of bank fraud and making false statements to Quicken Loans as part of a larger federal investigation targeting public corruption in the city. . A federal jury convicted Victor Makras, president of Makras Real Estate , for inflating a debt amount of $915,000 in a $1.3 million refinance mortgage loan secured by property owned by an associate of Makras Real Estate, according to the Department of Justice on Friday. .

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Student Housing Investment Edges Down in the Second Quarter of 2022

Eyes on Housing

Private fixed investment in student dormitories declined 4.4% to a seasonally adjusted annual rate (SAAR) of $3.2 billion in the second quarter of 2021, according to the data released by Bureau of Economic Analysis. Private fixed investment in dorms was 12.7% higher than a year ago, but 29% below the pre-pandemic level. Private fixed investment in student housing experienced a.

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[Now Available] Free GoFormz Training and Certification Course

GoForrmz

Take our first course, GoFormz Fundamentals, to get GoFormz Certified today! We’ve just launched our free training and certification resource, GoFormz University. Our first course, The GoFormz Certification Course: The Fundamentals , is now available. Take this free course to master the basics of the GoFormz platform: from creating your first form Template to running reports, and beyond.

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3 Key Ways Best Real Estate Agents Leave Their Comfort Zones

McKissock

Some of the best real estate agents in the business today know how important it can be to go outside your comfort zone in order to keep — and retain — profitable clients. Getting stuck in a rut with the same strategies that only bring you moderate success isn’t the best way to earn more. Instead, challenge yourself to get comfortable with being awkward and taking chances.

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AJ Bruce Qualifies for the 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Announcing the newest member of the Lamacchia Realty President’s Club, AJ Bruce! ! AJ has sold over $16,000,000 in sales volume ALREADY this year! AJ has qualified 4 years in a row, making it in 2019 , 2020 , and 2021 as well. He is a consistent top producer in the Northborough office and throughout the company, most recently making the Top 10 in the company in July.

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Transparent pricing

San Jose Real Estate

Home sellers are employing different strategies to sell in today’s mixed market. One of them is transparent pricing. Transparent pricing, aspirational pricing, and motivational pricing Transparent pricing refers to the seller’s intention of offering the home for sale at a price that the seller is willing to accept. It’s what the seller believes to be […].

Sellers 63
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Private Money Explained Part 4: Rates, Returns, and Protecting Investors

BiggerPockets

Private money lending has become a hot topic over the past few years. With rising equity and asset prices, more lenders have come out of the woodwork, and an equal […].

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Are Rental Properties for Sale in Texas a Good Investment for 2023?

Mashvisor

Give this article your undivided attention and find out whether rental properties for sale in Texas will be a successful investment in 2023.

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Michigan Travel Destinations – Mackinac Island

Berkshire Hathaway

Mackinac Island – the name of the island in Odawa is Michilimackinac and “Mitchimakinak” in Ojibwemowin meaning “Big Turtle” It is located in Lake Huron, at the eastern end of the Straits of Mackinac, between the state’s Upper and Lower Peninsulas. The island was long home to an Odawa settlement and previous indigenous cultures before European colonization began in the 17th century.

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$550 Cleaning Fee? Avoid Making These Big Mistakes on Airbnb

BiggerPockets

A $400 cleaning fee? (Soon to be $550.) That was the exact thought my wife and I had as she booked a trip to upstate New York. There was definitely […].

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Just The Facts Ma'am

Town & Country Residential Appraisals

Recently I have completed a couple appraisals involving properties with installed financed solar panels. In each case, I asked the home owner a lot of questions regarding their “investment”. The reason I put that word in quotes is because the idea of solar panels in our area being an investment is at best loosely termed. I’ll present “just the facts” and let you be the judge.

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What impact have speculation taxes had on Ontario home price growth?

Mortgagebroker News

Measures targeting non-resident investors have proven ineffective, according to new study

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Quick Guide To All Homes For Sale In Houston TX

Houston Properties

Are you eyeing to move in Houston? Start looking for homes here!

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Rate jumps alone will not end inflation, says study

Mortgagebroker News

The lack of sensible fiscal policies could further inflame price growth, report warns

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Michigan Travel Destinations – Ludington

Berkshire Hathaway

With over 28 miles of sandy shoreline, you can enjoy endless afternoons catching some sun, splashing in the waves or building a sandcastle. Looking for something a bit more adventurous? Set sail on Lake Michigan or set a line in Michigan’s #1 salmon fishing port! Ludington is the home port of the largest carferry to sail the Great Lakes. The S.S.

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Which markets will be hardest hit by the housing slowdown?

Mortgagebroker News

Economists have their say on the areas that will be most impacted

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The strategy behind UWM’s multibillion dollar investment

Housing Wire

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. 1 lender in the country. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I don’t have on my board my goal is to be the No. 2 overall lender, it’s to be No. 1 and we’re going to do that,” Ishbia told HousingWire in 2021.

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HELOC debt continues to rise in Canada

Mortgagebroker News

More and more Canadians are drawing on the wealth represented by their homes

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Guide To San Jacinto Lofts Houston

Houston Properties

View San Jacinto Lofts for sale, pictures, and amenities.

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Efficiency, productivity, and performance

Mortgagebroker News

Community Trust's Jason Galea on how his role leads and influences change

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Opinion: Taming inflation requires making housing affordability a national priority

Housing Wire

Inflation slowed more than expected in July , the result of a dip in gas and energy prices. But soaring housing costs continue to weigh heavily on family budgets. Rents and home purchase prices are up – 17% and 20% respectively – from last year. It seems as if every day there is yet another news story highlighting how so many families are suffering under crushing housing costs.

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Tips for getting a co-signer off a mortgage

Mortgagebroker News

It is not easy, but it is possible

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What Impact Will the Infrastructure Bill Have on the Housing Crisis?

Appraisal Buzz

The United States is currently in what many consider to be a housing crisis. Market prices for purchased and rented homes are through the roof, with no clear end in sight. More people are searching for homes than there are houses available. This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking.

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NAN’s Steve Sussman on the company’s growth strategy

Housing Wire

Nationwide Appraisal Network (NAN) was the top-ranking appraisal management company on the 2022 Inc 5000 list at No. 1427, with an average 451% in revenue growth from 2018 to 2021. We sat down with Steve Sussman, NAN’s chief business development officer, to find out how the company is growing so fast and what they see for the future. The following interview has been edited for length and clarity.

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3D Tours on the Rise in SFR Marketplace

Appraisal Buzz

According to a new analysis from PlanOmatic, the demand for 3D tours is on the rise among single-family rental investors, with the Orlando, Florida market seeing huge gains in interest. The post 3D Tours on the Rise in SFR Marketplace appeared first on DSNews. The post 3D Tours on the Rise in SFR Marketplace appeared first on Appraisal Buzz.

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Stucco and Vinyl were the Most Common Siding Materials on New Homes in 2021

Eyes on Housing

According to the annual data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2021 (28 percent), followed by vinyl siding (24 percent), fiber cement siding (such as Hardiplank or Hardiboard (23 percent) and, brick or brick veneer (19 percent). Far smaller shares of single-family homes started last year.

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Baltimore Racial Bias Lawsuit

Appraiserblogs

When reading over the Baltimore document, it appears painfully clear (to me) that there is a competency issue exposed. Folks, below is the Baltimore court paperwork for the latest appraiser bias suit that recently ‘hit the fan.’ This document is fairly specific, in that it reveals quite a lot about the two appraisals performed, including the home locations for the ‘comps’ used.

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