Tue.Sep 28, 2021

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US home prices hit record level (again)

Housing Wire

July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. The index showed a 19.7% annual gain for the year ending in July 2021, up from 18.7% a month prior. This is the highest annual rate of price growth since the index began in 1987 and the fourteenth consecutive month of accelerating prices.

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Finding Comps in Non-Disclosure States

The Appraiser Coach

All three states that I’m licensed in, Idaho, Utah and Wyoming, are non-disclosure states. I’ve never worked in a disclosure state and so I’m always a bit surprised when I’m. Read More.

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Fannie Mae official questions purpose of AMCs

Housing Wire

A Fannie Mae official Monday questioned the role of appraisal management companies, or “AMCs,” in evaluating houses. “We have 10 times more AMCs per capita than New Zealand and Australia,” said Lyle Radke, director of collateral policy at the powerful government-sponsored enterprise. “Why is that?”. Perhaps AMCs can streamline the appraisal process, said Radke at a panel on the future of valuations, which happened to include Martin Froehlich, chief appraiser of AMC Nationwide Appraisal Network.

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The Biggest Time Management Challenges for Appraisers

Appraisal Buzz

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. In other words, time is money. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?

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Are consistently error-free closings within reach for lenders?

Housing Wire

Largely driven by record-low mortgage rates, lending volume surpassed everyone’s expectations in the past year. But as lenders scrambled to keep up with demand, closing errors naturally crept in. In the wake of this unparalleled volume, companies across the housing industry have been working to increase the efficiencies of the entire lending process – including getting closings correct the first time around.

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FHFA House Price Index Up Nearly 20% from Last Year

Appraisal Buzz

House prices rose nationwide in July, up 1.4% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). House prices rose 19.2% from July 2020 to July 2021. The previously reported 1.6% price change for June 2021 was revised upward to 1.7%. For the nine census divisions, seasonally adjusted monthly house price changes from June 2021 to July 2021 ranged from +0.8% in the West North Central.

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More Trending

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Do You Know Where Your Advances Are?

Appraisal Buzz

Aspen Grove discusses the recovery of advances for property inspection and preservation expenses continuing to challenge mortgage servicers (Sponsored Content). The post Do You Know Where Your Advances Are? appeared first on DSNews. The post Do You Know Where Your Advances Are? appeared first on Appraisal Buzz.

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Tim Mayopoulos on the limits of GSE innovation

Housing Wire

Investing in technology is not the be-all end-all when it comes to efficiency in mortgage origination. Lenders who adopt technology but don’t enforce discipline within their organization won’t see the efficiency savings technology promises. That’s according to Tim Mayopoulos, president of publicly traded Blend , which provides digital tools for some of the biggest mortgage lenders and debuted on the New York Stock Exchange in July at a $4.6 billion valuation.

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Climate Change and Housing; Double Whammy For Home Prices; Rates Are Surging

Appraisal Buzz

Two important members of the real estate community issued reports related to the impact of climate change within the last week. The Mortgage Bankers Association (MBA) Research Institute for Housing while CoreLogic’s study was concerned with the housing costs associated with wildfires. MBA’s 49 page study, written by Sean Becketti, former chief economists for Freddie Mac, calls global warming “the source of climate change” and says its certainty is documented by 150 years

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[Video] GoFormz + Procore: Digitally Complete & Route Daily Construction Reports From The Field

GoForrmz

Complete digital Daily Construction Reports from the field and instantly upload forms and data to Procore The GoFormz and Procore integration enables construction teams to streamline and accelerate the completion of daily tasks and documentation. Leveraging digital Daily Construction Reports, contractors in the field can easily select a project name and instantly populate corresponding details, like the job site address.

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Home Prices Become More Affordable Than Their Housing Boom Peaks

Appraisal Buzz

While nominal house prices in July were 35% higher than at the housing boom peak for prices in 2006, house-buying power remains nearly 38% below its 2006 housing boom peak. The post Home Prices Become More Affordable Than Their Housing Boom Peaks appeared first on theMReport.com. The post Home Prices Become More Affordable Than Their Housing Boom Peaks appeared first on Appraisal Buzz.

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Consumer Confidence Falls to 7-month Low in September

Eyes on Housing

Consumer confidence fell for a third consecutive month in September, as concerns about the Delta variant and higher prices continued to dampen optimism. Spending intentions for homes, cars, and major appliances all retreated. However, consumer confidence was still at a high level and the consumer price index has shown signs of easing inflation. The Consumer Confidence Index, reported by the.

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Share of Mortgage Loans in Forbearance Drops to 2.96%

Appraisal Buzz

The Mortgage Bankers Association ‘s (MBA) latest Forbearance and Call Volume Survey has revealed that the total number of loans now in forbearance decreased by 4 basis points from 3% of servicers’ portfolio volume in the prior week to 2.96% as of September 19, 2021. According to MBA’s estimate, 1.5 million homeowners are in forbearance plans.

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7 Ways to Deal With Mold

Raleigh Realty

Mold Remediation Tips and Tricks Here are 7 areas of your home you can find mold and some tips and tricks for how to get rid of it Mold. What is it? How do you get rid of it and why is it important to do so? If you are currently a homeowner or are looking to become one, mold will more than likely be something you have to deal with at some point in that process.

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Mortgage M&A Activity Takes Off in 2021

Appraisal Buzz

They year 2018 saw historic levels of merger and acquisition activity, but new data suggests that 2021 will surpass that activity as the industry finds itself in the midst of consolidation. The post Mortgage M&A Activity Takes Off in 2021 appeared first on theMReport.com. The post Mortgage M&A Activity Takes Off in 2021 appeared first on Appraisal Buzz.

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The Biggest Time Management Challenges for Appraisers

McKissock

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. In other words, time is money. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?

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Embrace Home Loans Hires Kim Castiglioni as VP of Market Growth, National Condo Program Manager

Appraisal Buzz

Kim Castiglioni has joined Embrace Home Loans as vice president of market growth and national condominium program manager. Castiglioni has more than 30 years of mortgage industry experience. She spent the bulk of her career at Wells Fargo Home Mortgage, most recently as the company’s vice president, national condominium manager. Castiglioni previously held other leadership roles at Wells Fargo, including vice president, national strategic alliances manager and vice president, regional sales mana

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Biden’s Proposed Tax Changes: What Investors Should Know

BiggerPockets

Many of you have been anxiously awaiting this information for several months, and it is finally here. We now have more insight into what the proposed tax policies and changes may look like.

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Panorama Mortgage Group Names Ryan Kerian General Counsel, CCO

Appraisal Buzz

Panorama Mortgage Group (PMG) has named Ryan Kerian as the new Chief Compliance Officer and also as General Counsel for itself and its subsidiaries. In his new role, Kerian will align legal, compliance, and operational functions while at the same time driving overall growth of the company. He will also be responsible for protecting the company and its clients.

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Rookie Podcast 117: From 0 to 12 Units Overnight and House Hacking a…Farm?

BiggerPockets

Amanda Bolan, like many of us, had a “pressure cooker” moment where she realized that becoming a real estate tycoon was part of her future. At the time, she was […].

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House Price Appreciation Eclipses House-Buying Power Growth

Appraisal Buzz

First American Financial has released the results of its July 2021 First American Real House Price Index (RHPI) which found that housing affordability continued its decline, as year-over-year nominal house price appreciation reached a record 20%, outpacing the increase in house-buying power compared to just one year ago. The RHPI measures the price changes of … The post House Price Appreciation Eclipses House-Buying Power Growth appeared first on DSNews.

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Building a Real Estate Empire: A Step-by-Step Guide

Mashvisor

Building a real estate empire remains to be one of the most effective ways to build wealth.

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Despite COVID, Housing Market Sentiment Remains Strong

Appraisal Buzz

More than half of respondents in a new OJO Labs survey expressed positive sentiment about the housing market. The post Despite COVID, Housing Market Sentiment Remains Strong appeared first on DSNews. The post Despite COVID, Housing Market Sentiment Remains Strong appeared first on Appraisal Buzz.

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Canada’s housing market overheated, highly vulnerable – CMHC

Mortgagebroker News

The federal agency has issued its highest risk rating for the country’s housing sector

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Homebuyers Predict Favorable Market Conditions Through Year End

Appraisal Buzz

Despite the dizzying headwinds of the pandemic, consumers shopping for homes still generally believe it’s going to be a good time to buy a home over the next three months. The post Homebuyers Predict Favorable Market Conditions Through Year End appeared first on theMReport.com. The post Homebuyers Predict Favorable Market Conditions Through Year End appeared first on Appraisal Buzz.

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“Housing as investment” mentality fans the flames of price growth – analysts

Mortgagebroker News

Current policies and suggested solutions do not sufficiently address this aspect of the crisis, market observers say

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 Buyers Increasingly Figure Natural Disasters Into Housing Choices 

Appraisal Buzz

Three in four recent homebuyers report that concern over the threat of natural disasters impacts their housing decisions, according to a new survey. . The post Buyers Increasingly Figure Natural Disasters Into Housing Choices appeared first on DSNews. The post Buyers Increasingly Figure Natural Disasters Into Housing Choices appeared first on Appraisal Buzz.

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Canadian household debt exceeds $2.5 trillion

Mortgagebroker News

However, the financial impact of the pandemic continues to decrease for households

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Finding Comps in Non-Disclosure States

Appraisal Buzz

All three states that I’m licensed in, Idaho, Utah and Wyoming, are non-disclosure states. I’ve never worked in a disclosure state and so I’m always a bit surprised when I’m … Read More. The post Finding Comps in Non-Disclosure States appeared first on Appraisal Buzz.

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Gen-Zers, millennials continue to stoke borrowing demand – TransUnion

Mortgagebroker News

A large share of these segments plan to take out new loans in the near future

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Sara Avery Joins Cenlar as Chief Risk Officer

Appraisal Buzz

Former risk management head of Freddie Mac to spearhead Enterprise Risk Management (ERM) for national mortgage subservicer. The post Sara Avery Joins Cenlar as Chief Risk Officer appeared first on DSNews. The post Sara Avery Joins Cenlar as Chief Risk Officer appeared first on Appraisal Buzz.

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What the Canada election result means for the mortgage industry

Mortgagebroker News

An ambitious housing and mortgage agenda could be in the offing in the near future

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Clear Capital acquires Finnish digital floor plan firm | Clear Capital in the News

Clear Capital

Story by Brooklee Han in HousingWire. Appraisal management company Clear Capital is looking to beef up tech tools – and it’s doing so through acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this week. The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology.

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Questions to a Moving Company

Eppraisal

Moving can be an exciting time. This is especially true is you're selling a home. Home values are rising and homes are selling quickly. There may also be some stress involved. One way to keep the stress to a minimum is to interview and hire a moving company as soon as you secure your moving dates. How Far Out Are They Booked? Call a few moving companies as far in advance of your moving date as possible to see how far out they are booking.