Mon.May 02, 2022

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? You can pay attention to many indicators, but the recent infrastructure bill will reveal the most crucial information. These are a few ways it will affect real estate in the coming months. 1. Construction Sites Will Stay on Schedule. Federal plans can move slowly, but that doesn’t mean ?

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The last time houses were this unaffordable was 2006

Housing Wire

Surging interest rates and home price appreciation made March one of the most challenging months for prospective homebuyers looking to make purchases, according to a recent report. Annual home price gains saw 19.9% annual appreciation in March, down from an upwardly revised 20.1% in February, which was the first month to see price growth greater than 20%, according to Black Knight ’s monthly mortgage monitor report.

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Dude, stop obsessing over home prices

Sacramento Appraisal Blog

What are prices doing? That’s always the question, and I get it. But there are bigger fish to fry to understand what the housing market is doing. A shift: Over the past few weeks there has been a shift in demand, which is why this conversation is so important. This isn’t about doom and gloom. […].

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True Footage acquires Spark for Appraisers

Housing Wire

Seattle, Washington-based real estate valuation company True Footage announced the acquisition of Spark for Appraisers , an appraisal technology firm. Spark for Appraisers sells data infrastructure software to appraisers to produce faster and more reliable appraisals. According to True Footage, more than 700,000 appraisals flow through the platform every year.

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Home Affordability Nears All-Time Low Amid Spiking Interest Rates

Appraisal Buzz

Black Knight Inc., has released the latest iteration of its Mortgage Monitor Report for March 2022 which looks at mounting affordability pressures resulting from the competing dynamics of rising interest rates and ever-increasing home prices. According to Black Knight Data & Analytics President Ben Graboske, though home price appreciation slowed in March—albeit very slightly—30-year mortgage … The post Home Affordability Nears All-Time Low Amid Spiking Interest Rates appeared first o

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Interfirst to lay off 140 employees

Housing Wire

Six months ago Interfirst Mortgage Co. issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. It was not enough: the Rosemont, Illinois-based business plans to lay off 140 more employees in May, a Worker Adjustment and Retraining Notification Act (WARN) the company filed in early March reveals.

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Introducing the 2022 Finance Leaders!

Housing Wire

Looking at the housing industry from a bird’s eye view in 2021, it’s easy to see the fast-paced housing market and the record-setting surge in volume. However, in the midst of that massive volume, companies were working furiously to balance demand and resources — balancing and rebalancing the books. Companies announced they were going public, acquiring companies, hiring hundreds of people to accommodate the demand, and so much more.

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Joel Rickman: Mortgage Lenders Facing Rapid Changes in 2022

Appraisal Buzz

PERSON OF THE WEEK: Mortgage lenders have had to keep pace with some rapid changes during the past two years, particularly with the impact of the pandemic, and it as looks like the pace of change won’t be slowing in 2022. Now, as the industry shifts to a purchase market, new challenges loom on the horizon, including rising mortgage rates, increased regulation, super tight housing inventory, rising home prices and lack of affordability.

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March Gains in Private Residential Construction Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in March after an increase of 0.7% in February. Spending stood at a seasonally adjusted annual rate of $882 billion. Total private residential construction spending was 18.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending on.

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Borrower Behavior Changing with Low Affordability, Rising Interest Rates

Appraisal Buzz

Black Knight Inc. ’s Data & Analytics division has released its latest Mortgage Monitor Report, based upon the company’s mortgage, real estate and public records datasets. As home prices and interest rates continue their sharp upward climb, this month’s report revisits the mounting affordability pressures resulting from these competing dynamics.

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States with Highest and Fastest Rising Construction Wages

Eyes on Housing

As the construction labor market remains tight and skilled labor shortages persist, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries. According to the latest Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), average hourly earnings (AHE) in construction vary greatly across 43 states that reported these data.

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Housing Gender Gap Widens Nationwide

Appraisal Buzz

The gender pay gap is increasingly burdening women, who are now priced out of 34 cities as home prices continue to accelerate across the country. While the onset of the pandemic further widened the gender pay gap, a new report from PropertyShark examined gender disparities within the homebuying market in 51 of the largest U.S. … The post Housing Gender Gap Widens Nationwide appeared first on DSNews.

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The Small Business Guide to Getting Started with GoFormz

GoForrmz

Move away from paper forms to streamline your small business workflows One of the biggest challenges facing small to mid-sized businesses today is finding a way to digitize their daily processes. Digital forms provide a seamless means of collecting and distributing critical business documentation and information. While it can seem daunting to stray from your standard processes, trust us when we say you’ll never look back.

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Lamacchia Realty Ranked in the 2022 Mega 1000

Lamacchia Realty

The T3 Sixty has released its annual ranking of the Mega 1000 Brokerages through the Real Estate Almanac. The report ranks the nation’s top 1,000 brokerages by annual sales volume, transaction sides and agent count. T3 Sixty uses sales volume as its lead ranking criteria because it is the core metric used to calculate agent commissions, franchise fees and company revenue, and therefore reflects a company’s overall strength.

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Mashvisor Reviews: What Do Investors Think of This Real Estate Platform?

Mashvisor

When looking for online real estate platforms to help you in your investing journey, make sure to read about different Mashvisor reviews.

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I'll Tell You What I Want. What I Really, Really Want

Town & Country Residential Appraisals

If you found yourself singing to the title of this blog, then you understand why I titled it the way I did. If not, then you might be a bit younger than me. The path to becoming a certified appraiser involves a Supervisory Appraiser being a mentor that educates and oversees an individual who is an Appraiser Trainee for a period of time to ensure that they become a qualified Certified Residential Appraiser.

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The 2022 Guide to Investing in Airbnb Charleston SC

Mashvisor

Are you wondering about investing in Airbnb Charleston SC? We have some news and statistics that you might find surprising.

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BiggerNews May: What the Media Isn’t Telling You About a “Housing Crash”

BiggerPockets

It’s a housing market crash! It’s a housing market bubble! It’s a relatively normal and stable housing market! Two of these statements might make you excited, anxious, or hopeful, while […].

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What permanent desktop appraisals mean for the industry

Housing Wire

COVID-19 brought many changes to the housing industry as stay-at-home orders forced companies in the space to re-think the mortgage process. From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates.

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Is Canada's urban exodus on the wane?

Mortgagebroker News

Some signs indicate that Canadians' interest in a home away from the city could be declining

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Clear Capital’s new desktop appraisal solutions support appraisers in meeting new GSE guidelines | Clear Capital in the News

Clear Capital

Story by HousingWire. In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. “The expected benefits of desktop appraisals — faster turn times and less friction for the borrower — are a much-needed piece of good news for a highly competitive market,” said Kenon Chen, executive vice president of corporate strategy at Clear Capital.

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What's been happening in Canada's MIC space?

Mortgagebroker News

A prominent executive in the sector talks CMP through recent developments

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Building Permits Are Online and Easy to View in San Jose

San Jose Real Estate

Building permits are not hard to research online in San Jose. Why would you want to check building permits? Whether you are checking on your own home to make sure the records for the building permits and finals are accurate or if you are considering a property to buy that has had renovations, it’s a […].

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Conventional mortgages: What you need to know

Mortgagebroker News

The benefits of conventional mortgage and how you can qualify

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5 updated predictions for the second half of the 2022 housing market

Housing Wire

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.

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Analysts: Q1 GDP growth might fuel another large BoC hike

Mortgagebroker News

The economy's pace of growth significantly outstripped the BoC's predictions

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Fannie Mae unveils $952 million CRT note offering 

Housing Wire

Fannie Mae has priced its fifth Connecticut Avenue Series (CAS) credit-risk transfer deal of 2022, a $952 million note offering backed by a reference pool of single-family mortgages valued at $38.5 billion. The offering is slated to close May 11, according to a presale review by the Kroll Bond Rating Agency (KBRA). A credit-risk transfer deal involves transferring a portion of the reference loan-pool risk to private investors through the CAS real estate mortgage investment conduit, or REMIC.

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Building an enduring presence in the industry

Mortgagebroker News

Solid experience and a drive for knowledge are crucial to making it in the mortgage space, lender exec says

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Investor Activity Stalls in Q4 of 2021

Appraisal Buzz

The investing spree for single-family homes seems to be slowing in the fourth quarter after hitting what appears to be peaks in the second and third quarters of 2021. The share of homes purchased by investors reached its peak in October 2021 at 26.9% of all homes purchased, which was also the highest figure recorded … The post Investor Activity Stalls in Q4 of 2021 appeared first on DSNews.

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What's driving Canada's current lack of housing supply?

Mortgagebroker News

Demand for housing remains sky-high across the country

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Census Tract Info Used Against Appraisers

Appraiserblogs

“Census tract boundaries do not necessarily define the subject’s market…” Appraisers, of all the issues I’ve written about or questioned since 2006, this topic about your knowledge of, and concern about, Census Tracts has overwhelmingly been the largest response ever, several hundred within just a few hours of posting! To refresh, the questions were these: Do you know where the Census Tracts boundaries are in the areas you work?

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Major investment announced in NL housing

Mortgagebroker News

St.

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Biden administration and CISA recommend proactive cybersecurity measures in response to elevated risks

Housing Wire

The Cybersecurity and Infrastructure Security Agency (CISA) and the Biden Administration have issued a “Shields Up” warning to U.S. businesses regarding the increased threat of cyberattacks related to Russia’s invasion of Ukraine earlier this year. “Evolving intelligence indicates that the Russian Government is exploring options for potential cyberattacks,” the CISA’s warning reads.

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