Housing Wire

DECEMBER 27, 2021

Blank check company Aurora Acquisition Corp. said on Monday that Vishal Garg is still Better.com ‘s CEO, and that it will keep the proposed merger with the digital mortgage lender. The communication comes after Garg took leave early this month in response to an onslaught of negative media coverage because he laid off 900 employees via Zoom. Garg is on leave to “reflect and refocus” but will remain the company’s CEO, the SPAC said in a document filed with the Securities an

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Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. Total year-end sales volume ended at 5.64 million units , and some experts say it could reach 8 million if there were more inventory. Therein lies the problem. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries.

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Housing Wire

DECEMBER 27, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.

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Appraisal Buzz

DECEMBER 27, 2021

Whether or not you think that climate change is real, you can’t deny that there is a climate, and that climate-related disasters occur… to the tune of $170 billion this year per one estimate. And given that state-specific foreclosure laws impact servicing values, and therefore rate sheet pricing, servicing values that vary based on the likelihood of natural disasters in a given areas aren’t a stretch.

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Housing Wire

DECEMBER 27, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.

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Appraisal Buzz

DECEMBER 27, 2021

New home sales in November were at a seasonally adjusted annual rate of 744,000, an increase of 12.4% compared with October but down 14.0% compared with November 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The median sales price of a new home sold in November was $416,900 – 18.8% higher compared with November 2020.

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Valuation Review

DECEMBER 27, 2021

A federal lawsuit was recently filed in the U.S. District Court for the Northern District of California alleging an appraiser and an appraisal management company showed racial bias in the appraisal of a Marin County property owned by a Black couple seeking a mortgage refinance. Franklin, Greenswag, Channon & Capilla, LLC attorneys Craig Capilla and Ryan Endsley shared their thoughts on this case with Valuation Review.

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GoForrmz

DECEMBER 27, 2021

“ We are no longer worried about printing paper inspections and distributing them out to all of our inspectors. We have over a thousand [inspectors], so we’re not creating that paper in the first place which is a major savings. ” — Janet Treadway, Project Business Administrator & Electronic Delivery Lead, ODOT. The Ohio Department of Transportation leverages digital forms and the SharePoint integration to streamline the completion of inspection forms About Ohio Department of

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Assurance Financial

DECEMBER 27, 2021

Whether you’re a first-time homebuyer or a homeowner looking to refinance your mortgage, the financial logistics of homeownership may have you asking some big questions. When considering your home loan options, one of the primary criteria to evaluate is the type of interest rate you’ll have: a fixed-rate vs. an adjustable-rate mortgage. Interest is the amount of money your lender charges you for using their services, calculated as a percentage of your loan amount.

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Lamacchia Realty

DECEMBER 27, 2021

Lamacchia Realty has some of the best REALTORS® in New England. They couldn’t be the best if they didn’t have strong support from our inside staff which is why we started the Staff Stars series. Our Staff Star interviews will highlight a new staff member that goes above and beyond for the company, the REALTORS®, and for our valued clients. This time around the award goes to Emily Volmar.

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Valuation Review

DECEMBER 27, 2021

Embrace Home Loans entered an advertising agreement with Keller Williams Core in Long Island, New York, to help its real estate agents better attract and serve local homebuyers. The Core offices in Long Island include Garden City, Woodbury, Franklin Square and Ozone Park.

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BiggerPockets

DECEMBER 27, 2021

Tommy Christy has bought more homes than most investors you know combined. While he didn’t have to put up his own money to close on the deals, he did go […].

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Investors Real Estate 53

Valuation Review

DECEMBER 27, 2021

Santa Fe Association of Realtors (SFAR) has selected CoreLogic as its next multiple listing technology provider. SFAR serves real estate professionals throughout New Mexico’s Santa Fe, Los Alamos and Rio Arriba counties.

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Clear Capital

DECEMBER 27, 2021

Story by Romi Mahajan for DataHunters. Interview with Clear Capital’s Kenon Chen wherein we discuss the role of data in housing/real estate and the PropTech market. 1. Clear Capital was formed around the idea of smart, usable data. Can you tell us the role of data in the Housing ecosystem? Like many industries, data is the lifeblood of the Housing ecosystem, which is why it is problematic that it has stayed so paper heavy.

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Valuation Review

DECEMBER 27, 2021

CoreLogic recently released its Home Price Index (HPI) and HPI Forecast for October 2021. The numbers showed the highest recorded percentage in the history of the HPI. Read on to learn more.

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Clear Capital

DECEMBER 27, 2021

Story by Arnie Aurellano for Scotsman Guide. Clear Capital announced the launch of ClearPhoto, a set of artificial intelligence-driven rules built into ClearCollateral Review, which automates the review of property photos and ensures they are aligned with appraisal data and sketches. ClearPhoto uses technology to highlight the right files automatically so that mortgage underwriters can make more efficient and informed decisions.

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Valuation Review

DECEMBER 27, 2021

Metro-West Appraisal Company Senior Vice President of Compliance Greg Stephens recently hosted a webinar that outlined some specifics regarding supply chain shortages. These shortages, which have been impacting the real estate industry for months, reveal rising material prices adding tens of thousands of dollars to the cost of a new home. Read on for more insight from Stephens.

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Supply Chain Real Estate Appraisal 78

Mashvisor

DECEMBER 27, 2021

Airbnb is one of the most popular ways to rent vacation properties. Millions of domestic and world travelers use Airbnb to find accommodations they love every day.

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Investors 36

Appraisal Buzz

DECEMBER 27, 2021

First American Financial Corp. has released the October 2021 First American Real House Price Index (RHPI) results, which measures the price changes of single-family properties throughout the U.S., adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability.

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Mashvisor

DECEMBER 27, 2021

Successfully buying investment property depends on many factors, which include the property type, mortgage term, location, mortgage rate, etc.

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Mortgage Investing Finance Investors 36

Lamacchia Realty

DECEMBER 27, 2021

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for November 2021 compared to? November 2020. ?It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. 2019 will be examined in some areas to highlight the lingering impac

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Mashvisor

DECEMBER 27, 2021

You will probably hear plenty of real estate and mortgage-related terms when considering a home purchase.

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Real Estate Mortgage Investors 36

Valuation Review

DECEMBER 27, 2021

The U.S. Senate confirmed Senior Advisor for Housing Finance at the U.S. Department of Housing and Urban Development (HUD) Alanna McCargo as president of Ginnie Mae. Prior to joining the Biden administration, McCargo served as vice president for the Housing Finance Policy Center at the Urban Institute.

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