Mon.Sep 26, 2022

Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! To receive this subscription directly, click here. Once upon a time, there was a rich nation which valued many things. There were many owners and “wannabe” owners. The owners wanted to be richer and the wannabes wanted to be like the owners. They all liked value. Some people even became “valuers of things.” They claimed to know value. Value was price. It was obvious. Nothing to talk about here.

Share of New Homes with Patios Sets Record for Sixth Consecutive Year

Eyes on Housing

The share of homes built with patios hit a record high in 2021. Of the roughly 1.1 million single-family homes started in 2021, 63 percent came with patios. This number comes from NAHB tabulation of data from the Survey of Construction (conducted by the U.S.

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What Will It Take to Solve the Housing Crisis? 

Appraisal Buzz

Entering the housing market today is challenging for many homeowners. There’s currently an inventory shortage, which is leading to more competition and increased prices. One of the reasons for this is material and project delays.

4 Surprising Reasons Homebuyers’ Real Estate Deals Fall Through Today: Could Yours Be Next?

Realtor

Getty Images Owning a home is the American dream, but at the moment it’s more like homebuying cancel culture.

Dart Appraisal acquires AMC

Valuation Review

Dart Appraisal, a nationwide AMC, has acquired MaxVantage, a New Jersey-based AMC. The acquisition further advances Dart Appraisal’s position in the AMC marketplace and builds upon the previous acquisitions of Valuation Management Group and USAMC.

Slow VA Appraisal Turnaround Times Is Overblown

Appraisers Blog

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CENTUM celebrates 20 years

Mortgagebroker News

Centum Financial Group president Chris Turcotte on returning to the company’s roots, leaning into relationships, and getting loud about the value. it brings

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Foreclosures reach pre-pandemic levels

Valuation Review

In August, there were 34,501 properties with foreclosure filings, up 14 percent from July and up 118 percent year-over-year, according to ATTOM’s latest foreclosure market report. Lenders started the foreclosure process on 23,952 properties, up 12 percent from July and up 187 percent from a year ago

Ten cheapest places to buy a house in Canada

Mortgagebroker News

Four cities on this list are found in one province

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Freddie Mac: Mortgage rates exceed 6 percent for first time since 2008

Valuation Review

Freddie Mac recently released the results of its Primary Mortgage Market Survey. It showed that the 30-year fixed-rate mortgage averaged 6.02 percent

M3 Group appoints new Mortgage Alliance president

Mortgagebroker News

Newest executive brings more than 30 years of extensive experience in mortgages and real estate

Fannie Mae chief economist wins award

Valuation Review

With economic uncertainty still a concern for many forecasters, Fannie Mae Senior Vice President and Chief Economist Douglas Duncan predicts a modest recession, characterized by competing effects of inflation and a strong labor market. Duncan will deliver his 2023 economic outlook at a live event on Oct.

Saving time and money on payroll and compliance

Mortgagebroker News

Scarlett Network’s time-saving broker management software is an effective tool for increasing business efficiency, says Axiom Innovations’ Joe Fakhri, President and CEO

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Wisconsin court denies motion in business valuation case

Valuation Review

In a recent ruling from the U.S. District Court for the Western District of Wisconsin, the court denied a motion in limine from the defendants regarding the potential testimony of a witness testifying to valuations of a business. The motion asserted that plaintiff SEC’s witness utilized information that was not known and could not be known by the defendants when they prepared their valuations on the same company. Read on to learn more

HomeEquity Bank garners latest industry award

Mortgagebroker News

The bank has seen substantial growth over the past three years

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Nine Expensive Mistakes You Don’t Want to Make This Fall

PennyMac

Autumn is a good time (and potentially your last chance) to review, repair and remediate any home issues that could end up breaking the bank account once winter arrives. Below we’ve listed some expensive mistakes homeowners will want to avoid making every fall.

CWB Optimum named Employer of Choice

Mortgagebroker News

Welcoming – and acting on – employee feedback is critical to cultivating a resilient culture, say the team at CWB Optimum

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Wall Street Loses Its Landlord Appetite, Listings Slump, and Rents Rise

BiggerPockets

Don’t you love Wall Street? From artificially inflating the housing market to kicking first-time homebuyers to the curb, and now, selling off their inventory at a fraction of the cost. […]. All On the Market Podcast

What's next for Canada's reverse mortgage market?

Mortgagebroker News

Homeownership trends continue to evolve across the country, according to StatCan

When Should I Get An Appraisal

Town & Country Residential Appraisals

Most people know that appraisals need to be completed for lending purposes. But did you know there are a number of other reasons you should be contracting an appraiser to perform a professional valuation on your property? When you are the seller of a FSBO (For Sale By Owner).

Helping newcomers to Canada buy a home

Mortgagebroker News

Brokers can act as an invaluable resource for newcomers looking to buy their first home in Canada

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From Sociology Major to Seven-Figure Agent Commissions

BiggerPockets

Everyone knows that real estate agent commissions are hefty. Those who have sold a house in the past few years may look at their settlement agreement and wonder where those […]. All BiggerPockets Money Podcast

Reverse mortgages offer natural shelter

Mortgagebroker News

Equitable Bank is seeing high demand for reverse mortgages due to demographics, greater acceptance among customers, continuing cost-of-living pressures, and more indebtedness in retirement

How a broker should set the pace for a transaction

Mortgagebroker News

The mortgage professional's approach can make or break a deal, argues Calgary-based brokerage owner

Meeting the needs of a changing market

Mortgagebroker News

Canadian Mortgages Inc. on how private lenders can prove the most responsive and appropriate option for borrowers in a rapidly shifting mortgage environment

National Bank gets "hold" rating from brokerages

Mortgagebroker News

The bank recently saw its quarterly net income decline on an annual basis

More power to borrowers

Mortgagebroker News

No longer just a solution for alternative borrowers, NPX is now competing in the mainstream market

FSRA talks private lending, MIC focus

Mortgagebroker News

The Ontario regulator explains what brokers in those spaces need to keep in mind

MERIX: Offering true compensation choice

Mortgagebroker News

At MERIX Financial, brokers can choose which compensation works best for them on a deal-by-deal basis

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