Mon.Jun 20, 2022

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A spike in listings & sitting on the market

Sacramento Appraisal Blog

The pile of listings is growing, and it’s taking longer to sell. That’s what so many housing markets across the country are experiencing right now. We’re on the cusp of seeing some real change in the stats over the next few months. Here are some things on my mind. Anything to add? Why have we […].

Marketing 463
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Advanced OCR: Just What the Doc Ordered

Appraisal Buzz

BLOG VIEW: Modern document and character recognition technology has been advancing for a long time. Today, it’s possible to deposit a check just by taking a picture with one’s mobile phone – or, similarly, determine who someone is in an image using facial recognition software. Interestingly, optical character recognition (OCR) – the process by which a machine converts text images on a paper document into electronic text – predates World War I.

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Songs for a Successful Open House

McKissock

It’s no surprise that music makes a significant impact on our moods. Specific songs can excite fans before a big sporting event, relax people in stressful situations, or inspire people to dance, create — or even buy. In fact, in 2015, Australian researchers examined how music can influence buying decisions and actually found that the impact can be pretty apparent.

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Xactus Names Michael Crockett Chief Data Officer

Appraisal Buzz

Michael Crockett has been named to the newly created role of chief data officer at Xactus , offering verification solutions to the mortgage industry, Crockett has almost 25 years of experience. He was previously executive vice president of data solutions at Xactus and served as executive vice president of product development at Credit Plus, prior to Xactus’ acquisition of the company in September 2021.

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Jacqueline Morse Named Lamacchia Realty Employee of the Month for May 2022

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views it’s staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 67
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The Mortgage Collaborative’s Emerging Technology Fund Invests in leadPops

Appraisal Buzz

The Mortgage Collaborative ’s TMC Emerging Technology Fund LP recently participated in a follow-on round to a recent $3.5 million Series A completed by leadPops , a digital customer acquisition software and marketing innovation platform. . The Mortgage Collaborative (TMC) is an independent cooperative network serving the mortgage industry. leadPops allows users to create automated lead-generating systems that drive qualified leads directly to their business.

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Housing Starts Down in May

Appraisal Buzz

With residential construction continuing to slow, the Fed’s rate hike of last week and its ripple effect on mortgage rates may push housing starts down for months to come. The post Housing Starts Down in May appeared first on DSNews. The post Housing Starts Down in May appeared first on Appraisal Buzz.

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The Investor’s Guide to Buying Homes for Sale in Maine

Mashvisor

In this article, we will talk about things to look for when buying homes for sale in Maine, its pros and cons, and some cities worth looking into.

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Senators Call for Balance Between SFR Investment, Affordable Housing Needs

Appraisal Buzz

Senators Warren and Reed reach out to HUD to assist in leveling the playing field between prospective homebuyers and large investors. The post Senators Call for Balance Between SFR Investment, Affordable Housing Needs appeared first on DSNews. The post Senators Call for Balance Between SFR Investment, Affordable Housing Needs appeared first on Appraisal Buzz.

Investing 195
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When Will Mortgage Rates Go Down in 2022?

Mashvisor

When will mortgage rates go down in 2022? It is a question often asked since Q1 of 2022. It is one that is still left unanswered.

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Trend Shows Existing Homeowners Increasingly Staying Put, States First American

Appraisal Buzz

First American Financial Corp. has released its proprietary Potential Home Sales Model for the month of May 2022, which measures what the healthy market level of home sales should be based on economic, demographic and housing market fundamentals. For May, potential existing-home sales decreased to a 5.62 million seasonally adjusted annualized rate (SAAR), a 2% month-over-month decrease.

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Live Takes: How to Tackle the Tax Man by Buying More Real Estate

BiggerPockets

Every investor wants to know how to avoid taxes. Many rental property investors get into real estate for this reason alone. And it makes sense—rental property write-offs are not only […].

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What’s Inside the June 2022 Issue of DS News?

Appraisal Buzz

This month, DS News takes a closer look at protecting the American dream of homeownership, as a panel of industry experts in the property preservation and disaster recovery space share their insight in our June 2022 issue. The post What’s Inside the June 2022 Issue of DS News? appeared first on DSNews. The post What’s Inside the June 2022 Issue of DS News?

Appraisal 195
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Canada housing crash – what could make it happen?

Mortgagebroker News

Plus: How to navigate home appraisals during Canada's volatile housing market

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With Mortgage Rates Rising, Home Sales Decrease by 3 Percent in May, Redfin Reports

Appraisal Buzz

Home prices rose 1.5% month over month in May, their smallest increase of any May in Redfin’s records, which go back to 2012, according to a new report from Redfin. The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. Seasonally adjusted home sales fell 3% month over month, their only May decline on record outside of 2020, when the start of the pandemic sent shockwaves through the housing.

Mortgage 195
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Turbulent market means versatility in alt-lending more important than ever

Mortgagebroker News

Community Trust meets evolving needs with 35-year amortization option, home equity lines of credit

Lending 59
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Home Purchase Demand Declining

Appraisal Buzz

First American Financial Corporation has released the First American’s proprietary Potential Home Sales Model (PHSM) for the month of May 2022. The PHSM measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. “The market potential for existing-home sales in May fell 2 percent to 5.62 … The post Home Purchase Demand Declining appeared first on DSNews.

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Price per Square Foot Is not an Indicator of Value

Town & Country Residential Appraisals

There are examples throughout the country where the value of a property is referenced by price per square foot. Human beings often want a simple concept that is easy to convey and understand. This simple unit of measure takes the sale price of the house and divides it by the square footage of the house to derive at a simple unit measure of assumed value.

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Toronto housing market – is balance gradually returning?

Mortgagebroker News

The steady increases in borrowing costs are making themselves apparent

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What Are Reverse Mortgage Pros and Cons?

AmeriMac

If you are at retirement age, or close to it, you may be seeing a lot of advertising for reverse mortgages. The ads can make these loans sound like a great option. And for some people, they are. If most of your wealth is in your house, it may make sense to get one of these loans. However, there are also downsides to them. Here are some of the pros and cons that may help you make your decision.

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Canada inflation rate could reach four-decade high

Mortgagebroker News

This could force the Bank of Canada into implementing even larger interest rate jumps

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern. Adoption of the Square Footage-Method for Calculating, American National Standards Institute (ANSI) Z765-2021 upended the long-standing routine and methodology for thousands of appraisers.

Appraisal 417
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Pillar Financial on the rise of private and alternative lending

Mortgagebroker News

Sectors set to grow in coming months, executive tells CMP

Lending 58
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[National Safety Month] How To Prioritize 'Lone Worker' Safety

GoForrmz

Are you doing all you can to keep your ‘Lone Workers’ safe? As job site safety continues to be a hot topic across all industries, there’s one group that still notes situational uneasiness and lack of safety measures: Lone workers. EHSToday cited a recent TrackPlus survey that noted that 19% of lone worker professionals have struggled to get help after a workplace accident.

Training 146
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New housing complex for Vancouver youth to launch next month

Mortgagebroker News

Governments funded the recently completed low-cost housing complex

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Inflation Pressures Spark April Jump in Nationwide Rent Price Growth

Appraisal Buzz

CoreLogic has released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. U.S. single-family rent growth continued its hot streak in April, with prices up by 14% year-over-year, the 13th consecutive month of record-breaking annual gains. As in past months, a shortage of rental properties on the market … The post Inflation Pressures Spark April Jump in Nationwide Rent Price Growth appeared first on DSNe

Appraisal 195
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Broker on what is at the heart of his business

Mortgagebroker News

Reliability is ultimately the mortgage broker's calling card