Housing Wire

AUGUST 23, 2021

The National Association of Realtors reported 5.99 million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Mother demographics and low mortgage rates , two things that have been transparent to human beings for a long time, are powerful economic forces. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

Realtors 536

Realtors Marketing Mortgage Housing Market 536

Appraisal Buzz

AUGUST 23, 2021

One of the most important math calculations in an entrepreneurs toolbox is knowing what the value of an hour is worth. We tend to call this calculation ‘dollars per hour,’ as in, “I just billed out $200 per hour,” or “I make $100 per hour.” We hear and see this fairly frequently in forums where appraisers are talking about bidding on work and how much one should aim for when deciding how much to bid on an appraisal order.

Appraisal 435

Appraisal Business Training Clients 435

Housing Wire

AUGUST 23, 2021

As the economic recovery from COVID-19 continues, conflicting trends in mortgage credit availability have emerged. The Federal Reserve Bank of New York reports that the number of mortgages reached its highest level to date in 2020, with $1.2 trillion in new home loans in the fourth quarter of 2020 alone. At the same time, the Mortgage Bankers Association’s Mortgage Credit Availability Index dropped precipitously in 2020 and declined another 8.5% this June. .

Mortgage 421

Mortgage Tools Design Lending 421

Appraisal Buzz

AUGUST 23, 2021

PERSON OF THE WEEK: The COVID-19 pandemic has impacted many aspects of the real estate and mortgage industries. Fortunately, some of its effects have been positive. To learn more about the positive impact the coronavirus has had on our industry—particularly the accelerated adoption of e-closings—we spoke with Jennifer Cagle, vice president of loan producer product development for FICS (Financial Industry Computer Systems, Inc.), a mortgage software company that provides flexible loan origination

Mortgage 370

Mortgage Real Estate Development Appraisal 370

Housing Wire

AUGUST 23, 2021

The total number of loans in forbearance remained relatively unchanged, declining by one basis point to 3.25% as of Aug. 15, according to the Mortgage Bankers Association ’s latest tally. Though the drop is more subdued than in previous weeks, the decline continues a downward trend across most categories. Fannie Mae and Freddie Mac loans decreased by three bps from 1.69% to 1.66%, while Ginnie Mae loans dropped three bps to 3.92%, the MBA said.

Investors 389

Investors Mortgage 389

Appraisal Buzz

AUGUST 23, 2021

LRES Corp. , a diversified REO/asset management and valuations company, has signed a definitive agreement to acquire Keystone Asset Management , Inc., a Pennsylvania-based REO/asset management business that also offers appraisal/valuation services. Terms of the deal were not divulged. In a release, LRES says the acquisition will enable it to expand its servicing solutions channel as well as the number of customers it serves.

Valuation 370

Valuation Appraisal Business 370

Appraisal Buzz

AUGUST 23, 2021

Evolve Mortgage Services , a provider of on-shore outsourced mortgage services and a complete software platform to support full digital e-mortgages, has released a new e-modification product to support remote online notary (RON) transactions. The enhancement comes in anticipation of the wave of home loans exiting forbearance and an increased need for social distancing due to the Delta variant.

Mortgage 370

Mortgage Appraisal 370

Eyes on Housing

AUGUST 23, 2021

Nonfarm payroll employment increased in 47 states and the District of Columbia in June compared to the previous month while three states (Oklahoma, Kentucky, and Tennessee) lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 943,000 in July, following an upwardly revised increase of 938,000 jobs in June.

Construction 163

Construction Marketing 163

Appraisal Buzz

AUGUST 23, 2021

Overall forbearance volume slid slightly this week, as the MBA reported exits hit their slowest pace in more than a year. The post Forbearance Volume Begins to Plateau appeared first on DSNews. The post Forbearance Volume Begins to Plateau appeared first on Appraisal Buzz.

Appraisal 370

Appraisal 370

Valuation Review

AUGUST 23, 2021

Ernestine Kehl has truly spent a lifetime enjoying her personal and professional experiences. Valuation Review was honored to speak with Kehl about her career, which includes periods in real estate and appraising. Read on to find out more.

Valuation Review 88

Valuation Review Valuation Real Estate Appraisal 88

Appraisal Buzz

AUGUST 23, 2021

One of the most important math calculations in an entrepreneurs toolbox is knowing what the value of an hour is worth. We tend to call this calculation ‘dollars per hour,’ as in, “I just billed out $200 per hour,” or “I make $100 per hour.” We hear and see this fairly frequently in forums where appraisers are talking about bidding on work and how much one should aim for when deciding how much to bid on an appraisal order.

Appraisal 370

Appraisal Business Training Clients 370

Mashvisor

AUGUST 23, 2021

Perhaps you’ve been sifting through Kissimmee houses for sale on real estate investment websites like Mashvisor and noticed that the projected returns are quite high.

Real Estate 78

Real Estate Investing Investors 78

Appraisal Buzz

AUGUST 23, 2021

Residential real estate finance specialist bolsters its offerings via the acquisition of mortgage and IT outsourcing services provider. The post SitusAMC Integrates Assimilate Solutions appeared first on theMReport.com. The post SitusAMC Integrates Assimilate Solutions appeared first on Appraisal Buzz.

Real Estate 370

Real Estate Finance Appraisal Mortgage 370

BiggerPockets

AUGUST 23, 2021

No one likes paying taxes. That’s why it’s important to do some tax planning each year to ensure that you’re not missing out on deductions. One powerful strategy that may help investors reduce their tax bill is a cost segregation study.

Investors 72

Investors Business 72

Appraisal Buzz

AUGUST 23, 2021

As the cost to lease exceeds average mortgage payments in 30+ metros, some homeowners investigate the potential benefit of becoming a landlord. The post Weighing Risks, Rewards of Renting Out a Home appeared first on theMReport.com. The post Weighing Risks, Rewards of Renting Out a Home appeared first on Appraisal Buzz.

Landlords 195

Landlords Appraisal Mortgage 195

Valuation Review

AUGUST 23, 2021

Profit margins for homesellers took an unusual dip in the second quarter, according to ATTOM’s second-quarter 2021 U.S. Home Sales Report. However, the report showed numbers that were far above where were they were a year ago.

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Appraisal Buzz

AUGUST 23, 2021

Deputy Secretary Adrianne Todman issued the oath of office to the former Senior Advisor, who has held several roles within the department. The post HUD Official Swears In Damon Smith, General Counsel appeared first on DSNews. The post HUD Official Swears In Damon Smith, General Counsel appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Valuation Review

AUGUST 23, 2021

Valbridge Property Advisors, an independent commercial property valuation and advisory services, has added two new partners to its Baltimore-Washington metro office. The company’s client base includes lenders, special services, law firms, and other groups.

Law 60

Law Valuation Clients 60

Appraisal Buzz

AUGUST 23, 2021

NAR reports that, year-over-year, median home prices rose 17.8% in July, pricing many prospective buyers out of the market. The post First-Time Buyers Feel the Pinch of Higher Prices appeared first on DSNews. The post First-Time Buyers Feel the Pinch of Higher Prices appeared first on Appraisal Buzz.

Buyers 195

Buyers Appraisal Marketing 195

Valuation Review

AUGUST 23, 2021

A lawsuit filed by the city of Peabody (Massachusetts) accuses a commercial real estate appraiser of acting in bad faith regarding the assessment of value on a mansion. The suit, according to The Salem News, alleges the appraiser failed to disclose he had been placed on probation at the time of the assessment. Read on for more details surrounding this case.

Appraisal 60

Appraisal Real Estate 60

Appraisal Buzz

AUGUST 23, 2021

Rise in sales found in the luxury market, with first-time buyers still struggling to find affordable starter homes as options. The post Existing-Home Sales Rise 2.0% in July appeared first on theMReport.com. The post Existing-Home Sales Rise 2.0% in July appeared first on Appraisal Buzz.

Buyers 195

Buyers Appraisal Marketing 195

Valuation Review

AUGUST 23, 2021

Certified General Appraiser Karen Mann, of California-based Mann & Associates, gives Valuation Review more “food for thought” with regards to the perception of the appraisal profession post-pandemic conditions. For example, “prudent” appraisers need to have a balanced clientele type. Read on for more thoughts from this veteran appraiser.

Valuation Review 78

Valuation Review Appraisal Valuation 78

Appraisal Buzz

AUGUST 23, 2021

Builders and consumers are learning about the innovative option and giving it serious consideration, according to a survey. The post 3D Printed Houses: A Solution to Inventory Shortage? appeared first on DSNews. The post 3D Printed Houses: A Solution to Inventory Shortage? appeared first on Appraisal Buzz.

Inventory 195

Inventory Appraisal 195

Lamacchia Realty

AUGUST 23, 2021

The average selling price has NOT gone down in 10 years and, according to the data, it doesn’t seem like it will anytime soon. We have compiled data from the month of July every year over the last 10 years for Massachusetts, New Hampshire, and South Florida…and the data doesn’t lie! There is a clear increase in the average selling price year after year.

Realty 66

Realty Sellers Realtors Buyers 66

Appraisal Buzz

AUGUST 23, 2021

The short supply of affordable homes is a growing concern for both builders and consumers, as real estate prices soar, demand continues to outpace supply, materials become more expensive, and skilled laborers harder to find. But, as with many pandemic-generated problems, innovators have turned to technology for solutions. With homebuilding, 3D printing could be one … The post Homebuyers Consider 3D-Printed Houses appeared first on theMReport.com.

Real Estate 195

Real Estate Technology Appraisal 195

Mortgagebroker News

AUGUST 23, 2021

The federal government has announced a substantial eight-year investment in the province’s affordable housing

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Government Investing 67

CA Realty Training

AUGUST 23, 2021

By Bettina Siochi. How do people afford houses? They cost so much money! The way most people pay for the cost of a house is with a home loan from a bank. This is a large chunk of money that the bank loans to homebuyers to help them buy their house. Over time, the homebuyer pays the loan back with interest. Real estate agents should expect their clients to withdraw a home loan to buy a property.

Real Estate Agent 41

Real Estate Agent Buyers Clients Training 41

Mortgagebroker News

AUGUST 23, 2021

The company’s performance continues to reflect the effectiveness of its business model, executives say

Business 69

Business 69

Listing Spark

AUGUST 23, 2021

How long does it take to sell a house? Great question, complicated answer with a lot of variables. Are you selling as a For Sale By Owner? Listing the home with a Realtor on the MLS? Are you selling to an investor or an iBuyer? Is the buyer paying cash or getting a loan? Is your house turnkey or do you need to make repairs? All these things can affect how long it takes to sell a home.

Realtors 36

Realtors Contracts Agents Buyers 36

Mortgagebroker News

AUGUST 23, 2021

The products offered by these companies are the cream of the crop in the Canadian mortgage industry

Mortgage 68

Mortgage 68

Listing Spark

AUGUST 23, 2021

How long does it take to sell a house? Great question, complicated answer with a lot of variables. Are you selling as a For Sale By Owner? Listing the home with a Realtor on the MLS? Are you selling to an investor or an iBuyer? Is the buyer paying cash or getting a loan? Is your house turnkey or do you need to make repairs? All these things can affect how long it takes to sell a home.

Realtors 36

Realtors Contracts Agents Buyers 36

Mortgagebroker News

AUGUST 23, 2021

Proceeds of the transaction will partially fund the REIT’s major portfolio acquisitions

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Housing Wire

AUGUST 23, 2021

For the title industry, artificial intelligence (AI) is no longer just a futuristic concept to be discussed wistfully in conference breakout sessions. It’s here — and not a moment too soon. There are few general production processes in the housing and real estate industry more riddled with chokepoints, redundancies and opportunities for error. Until now, most title agencies have attacked those problem areas with staffing.

Loan Officers 384

Loan Officers Agents Realtors Clients 384

Mortgagebroker News

AUGUST 23, 2021

CMP turned to brokers to find out which Canadian mortgage products are best in class

Mortgage 69

Mortgage 69