Housing Wire

AUGUST 25, 2021

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 months and 5.9 months on the more critical three-month average. I focus on the monthly supply as being the most critical data for the new-home market. The new home sales market is a small but essential part of the overall market and the economy. I have long said that the builders don’t build for the existing home sales market; they build based on demand for their specific products.

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Construction Marketing Housing Market Real Estate 466

Sacramento Appraisal Blog

AUGUST 25, 2021

How much is a bedroom worth? What sort of adjustments do you give when looking at two houses with a difference of one bedroom? It’s always $10,000, right? Or wait, someone else said $20,000. What’s the truth? Let’s talk about this today. I’d love to hear your take in the comments. SacBee presentation: This week […].

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Housing Wire

AUGUST 25, 2021

The Emergency Rental Assistance Program , created to help renters quash their missed payments, is disbursing the $46.5 billion allocated to the program at a snail’s pace. The month of July saw a mere $1.7 billion made available to eligible households by state and local agencies, and though this marks an increase from the $1.5 billion allocated in June, the speed of distribution needs to improve, according to the Treasury Department.

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Appraisal Buzz

AUGUST 25, 2021

Mack Walker has been promoted to senior vice president, director of capital markets at Deephaven , a non-QM lender. He joined the company six years ago and was previously vice president, capital markets. In his new position, Walker is charged with driving the growth and profitability of all Deephaven sourcing channels, including product development and the delivery of non-QM assets into the secondary market.

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Housing Wire

AUGUST 25, 2021

Prior to the Great Recession, private label securitizations (PLS) constituted a majority of all residential mortgage-backed securities (RMBS) issued. In the intervening years, the makeup of the RMBS market has changed significantly and, today, Fannie Mae , Freddie Mac , and Ginnie Mae are responsible for approximately 99% of RMBS issuance. For a variety of reasons, including recent policy changes at Fannie Mae and Freddie Mac that cap second home and investor property loan volumes, and growth i

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Appraisal Buzz

AUGUST 25, 2021

The Census Bureau and HUD have found new home sales slowing in July, rising slightly over June’s totals, and limited by multiple supply-side headwinds. The post New Home Sales Increase 1% in July appeared first on theMReport.com. The post New Home Sales Increase 1% in July appeared first on Appraisal Buzz.

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Appraisal 370

Appraisal Buzz

AUGUST 25, 2021

Mortgage servicers are seeking answers from technology to improve their operations with an ‘automation first’ strategy in a post-COVID market. The post Automation in a Post-Pandemic Economy appeared first on DSNews. The post Automation in a Post-Pandemic Economy appeared first on Appraisal Buzz.

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Housing Wire

AUGUST 25, 2021

Mortgage industry groups on Tuesday made their voices heard in response to the Department of Housing and Urban Development ’s proposed reinstatement of its 2013 disparate impact rule. Numerous industry stakeholders asked HUD to make some changes to the regulation to raise and further explain the threshold for disparate impact claims. A homeowners insurer trade group, which has mounted successful legal challenges of the standard in the past, said it sees no reason the rule should apply to its ind

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Appraisal Buzz

AUGUST 25, 2021

PropMix announces rebranding of MCA, its real estate valuation platform, changes name to Profet.ai. NEW YORK / Aug 24, 2021 / – PropMix.io, the creator of the real estate valuation platform called Market Conditions Advisor (MCA), has rebranded the platform to better reflect its vision and capabilities. At the heart of the rebranding is a change to the name of the platform to Profet.ai to represent its objectives of helping customers predict accurate property values.

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Valuation Real Estate Technology Inspection 370

Housing Wire

AUGUST 25, 2021

With four other real estate tech acquisitions in the last year, Lone Wolf Technologies recently added Boston Logic-owned Propertybase to its tech toolbox. The acquisition rounds out Lone Wolf’s technology platform that includes websites, lead generation tools, and CRM. With Propertybase , they gain a platform that integrates sales support and marketing operations to complement their suite of products.

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Appraisal Buzz

AUGUST 25, 2021

The supply of homes has risen as more have been priced out of the market with media prices rising $28,700 month-over-month in July. The post Median Home Sales Prices Spike $30K in July appeared first on DSNews. The post Median Home Sales Prices Spike $30K in July appeared first on Appraisal Buzz.

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Housing Wire

AUGUST 25, 2021

Gary Keller, executive chairman of KWx . Whatever changes are afoot at Keller Williams , Gary Keller remains the company’s public face. Last October, Keller, founder of the real estate franchise network, stepped down as CEO. He took the role of executive chairman of KWx, a holding company that would showcase the 38-year-old, Austin, Texas business’s forays outside straight home selling.

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Appraisal Buzz

AUGUST 25, 2021

This content is password protected. To view it please enter your password below: Password: The post Protected: PropMix Announces Rebranding of MCA – Change Name to Profet.ai appeared first on Appraisal Buzz.

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Appraisal 305

George Dell

AUGUST 25, 2021

“Appraisal is market analysis!” is the title of a 1975 journal article by Richard Ratcliff, MAI. Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. Specifically, discrepancies from actual contract prices. For appraisers, this disparity is easily accounted for by two reasons: Failure to implement time adjustments to the […].

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Appraisal Buzz

AUGUST 25, 2021

Company leaders say they intend to bring together complementary mortgage platforms to boost earnings power. The post Newrez Finalizes Caliber Homes Acquisition appeared first on theMReport.com. The post Newrez Finalizes Caliber Homes Acquisition appeared first on Appraisal Buzz.

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Eyes on Housing

AUGUST 25, 2021

According to the Mortgage Bankers Association’s (MBA) fourth quarter National Delinquency Survey (NDS), on a seasonally adjusted basis, the percentage of loans past due decreased from 6.38% in the first quarter to 5.47%. State-level data of the past due loan category reveal that all states had reduced their count of past-due loans. The states that experienced the largest numerical declines.

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Mortgage 164

Appraisal Buzz

AUGUST 25, 2021

Mortgage applications increased 1.6% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) Weekly Mortgage Applications Survey for the week ending August 20, 2021. The Market Composite Index, a measure of mortgage loan application volume, increased 1.6% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 1% compared with the previous week.

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Mortgage Appraisal Marketing 195

GoForrmz

AUGUST 25, 2021

Streamline new hire onboarding processes with digital and online forms New hires have come to expect a streamlined onboarding process. The old ways of filling out form after form in person have given way to the new and improved efficiency, speed, and convenience of digital forms and online applications. With digital forms, you can easily collect necessary new hire information and store digital data instantaneously for easy-to-reference information.

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Appraisal Buzz

AUGUST 25, 2021

The department issues clarifications in hopes of accelerating assistance to those in the pipeline in addition to those who have yet to apply. The post Treasury Updates Rental-Aid Distribution Policies appeared first on DSNews. The post Treasury Updates Rental-Aid Distribution Policies appeared first on Appraisal Buzz.

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Appraisal 195

Urban

AUGUST 25, 2021

Evidence suggests the FHA’s low-documentation modification will greatly improve the take-up rate and increase the number of successful modifications.

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Appraisal Buzz

AUGUST 25, 2021

With the wellbeing of both property owners and tenants dependent upon the funds, the Treasury reports, “grantees need to do more to urgently accelerate efforts.” The post Rental-Aid Distribution Remains Slow appeared first on theMReport.com. The post Rental-Aid Distribution Remains Slow appeared first on Appraisal Buzz.

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Tenants Appraisal 150

DataMaster

AUGUST 25, 2021

Housing Costs Keep Rising! Introduction. The rise in the cost of housing has many Americans worried. As housing consumes an increasing percentage of a household’s income, other areas of individual and family lives are negatively affected. The effects of less money for necessities and extras will grow as more and more households become cost-burdened.

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Housing Market Transportation Government Tenants 88

Appraisal Buzz

AUGUST 25, 2021

Merger adds mortgage field services and construction services business to the 33 Holdings platform. The post 33 Holdings and Beers Housing Merge Operations appeared first on DSNews. The post 33 Holdings and Beers Housing Merge Operations appeared first on Appraisal Buzz.

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Construction Business Appraisal Mortgage 150

DataMaster

AUGUST 25, 2021

Housing Costs Keep Rising! Introduction The rise in the cost of housing has many Americans worried. As housing consumes an increasing percentage of a household’s income, other areas of individual and family lives are negatively affected. The effects of less money for necessities and extras will grow as more and more households become cost-burdened.

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Housing Market Transportation Government Tenants 78

Appraisal Buzz

AUGUST 25, 2021

Affordability, lower property taxes, or proximity to nature, for many, outweigh the dangers of climate change, but economists warn of increasing risks. The post Homeowners Gravitating to Disaster-Prone Metros appeared first on DSNews. The post Homeowners Gravitating to Disaster-Prone Metros appeared first on Appraisal Buzz.

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Property Taxes Appraisal 195

DataMaster

AUGUST 25, 2021

Housing Costs Keep Rising! Introduction. The rise in the cost of housing has many Americans worried. As housing consumes an increasing percentage of a household’s income, other areas of individual and family lives are negatively affected. The effects of less money for necessities and extras will grow as more and more households become cost-burdened.

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Housing Market Transportation Government Tenants 78

Appraisal Buzz

AUGUST 25, 2021

Rates below the 3% mark continue to feed the refi frenzy, as increases were found in both purchase apps and refinances over the previous week. The post Mortgage Apps Rebound After Down Week appeared first on theMReport.com. The post Mortgage Apps Rebound After Down Week appeared first on Appraisal Buzz.

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Valuation Review

AUGUST 25, 2021

Valuation Review sat down with veteran appraiser Matt Simmons, of Maxwell, Hendry & Simmons, to discuss many topics pertinent to appraisers today, including plans one can pursue to grow their businesses, as well as attention to the diversification of appraisers’ clients. Simmons also talked about specific growth plans for the future. Read on for more of the conversation.

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BiggerPockets

AUGUST 25, 2021

When most people think about section 8 housing, they think of run-down homes, troublesome tenants, and negligent landlords. This stereotype may prove true in some markets, but for Dr. Joe […].

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Landlords Tenants Marketing Real Estate 72

Valuation Review

AUGUST 25, 2021

The U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency (FHFA) entered into a collaborative agreement regarding fair housing and fair lending coordination, according to the FHFA. Under the Memorandum of Understanding, the two agencies will focus on enhancing their enforcement of the Fair Housing Act.

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BiggerPockets

AUGUST 25, 2021

You never know when you’ll lose your job or get sick, or when a global pandemic will crash the economy. A substantial emergency fund prevents disaster.

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Investing Finance 78

Valuation Review

AUGUST 25, 2021

Sandra Adomatis, of Punta Gorda, Fla., was elected 2022 vice president of the Appraisal Institute (AI). The announcement was made by AI’s Board of Directors during its meeting in Orlando.

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Appraisal 60

McKissock

AUGUST 25, 2021

Giving to charity is a rewarding experience in more ways than one. Making it part of your business model can also be a good marketing strategy. To get you started, here are some tips for building charitable giving into your real estate operation. 1. Commit a Percentage of Commissions to a Dedicated Cause. Donating some of your proceeds to a worthy cause improves your brand’s image.

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Real Estate Business Real Estate Agent Clients 52

Valuation Review

AUGUST 25, 2021

The Appraisal Institute (AI) honored 20 people with distinguishing honors during its annual AI Awards Luncheon, sponsored by the AI Education and Relief Foundation, at this year’s AI Annual Conference in Orlando, Fla. Valuation Review was in attendance for this traditional event. Read on to find out who this year's recipients are.

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