Mon.Aug 22, 2022

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Opendoor is struggling in Sacramento

Sacramento Appraisal Blog

Opendoor has been losing big lately in Sacramento since the market shifted. I thought it would be interesting to take a look at their activity over the past few months since I’m getting so many questions about them. This is not about throwing shade, and I’m not writing as a fanboy either. This is objective […].

Marketing 449
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Opinion: LOs, it’s time to refresh your mindset

Housing Wire

Well, here we are rounding out another spring and summer market. Kudos to the Loan Officers who have found a way to transition from the refinance boom of 2020 — 2021 and into the purchase market of 2022. As we begin to finish the third quarter , it is important to take some time to reflect, revamp and refresh our mindset. While we always have the need to be sharp when it comes to our craft, it is also important to be sharp with our emotional well-being as well.

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YoY Decline in Labor Productivity Hits Highest on Record

Appraisal Buzz

A recent Fannie Mae report revealed their latest projection of the 2022 real gross domestic product (GDP) to be flat at 0.0 percent growth on a Q4/Q4 basis. The latest GDP reading showed an expected decline in Q2, but recent data point to a return to modest growth in Q3. As Fannie Mae continues to … The post YoY Decline in Labor Productivity Hits Highest on Record appeared first on DSNews.

Appraisal 195
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Suzy Lindblom named COO at Arc Home

Housing Wire

Mortgage operations veteran Suzy Lindblom was named chief operating officer at lender and servicer Arc Home this week. Lindblom joins the non-QM-focused lender following a stint at First Guaranty Mortgage Corp. , where she was COO before the company declared Chapter 7 bankruptcy and folded. She was previously the COO at Glenn Stearns’ Kind Lending and Planet Home Lending.

Lending 370
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Q2 Mortgage App Fraud Slips

Appraisal Buzz

CoreLogic reports second quarter fraud risk is down from the previous quarter, and Q2 2021; however, an analysis of monthly data shows this trend is reversing, and fraud risk is anticipated to increase in the coming months. The post Q2 Mortgage App Fraud Slips appeared first on DSNews. The post Q2 Mortgage App Fraud Slips appeared first on Appraisal Buzz.

Mortgage 150
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5 reasons to attend the Marketing Leaders Success Summit at HW Annual Oct. 3

Housing Wire

If you are joining us at HW Annual Oct. 3-5, make the most out of your trip by also joining us for the Marketing Leaders Success Summit. Kicking off HW Annual, this summit will be packed with the marketing insider tips and tricks you need to take your business to the next level. Below are the top five reasons why you need to grab a seat at the Marketing Leaders Success Summit before they’re all gone. .

Marketing 370

More Trending

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Startup NFTYDoor launches home equity platform with one-minute application

Housing Wire

Mortgage startup NFTYDoor plans to launch a home equity platform, promising borrowers “a one-minute online application and funding in as little as three days.” It’s entrepreneur Mark Schacknies’s first business venture after leaving the real estate vendor Remine , which was sold in October 2021 following allegations of unprofessional conduct by Schacknies and other executives.

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Report Examines Impact of Recent Events and Policies on PoC

Appraisal Buzz

The National Women’s Law Center has released a new report with the collaboration of the Insight Center and Groundwork Collaborative called The Roots of Discrimination Housing Policy: Moving Toward Gender Justice in Our Economy, which explores the “inextricable” links between housing justice and gender justice and outlines a few solutions to advance the concept of … The post Report Examines Impact of Recent Events and Policies on PoC appeared first on DSNews.

Law 150
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Jump for Multifamily Rental Development

Eyes on Housing

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts surged during the second quarter of 2022. At 142,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts bounced back to 96%.

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This City Saw The Highest Net Migration in the U.S. This Year. Hint: It’s Not Austin

BiggerPockets

People are moving. Out-of-state rental applications increased 42% between 2020 and 2021, according to TransUnion, as the pandemic and the resulting economic fallout have impacted both affordability and mobility. Americans are […].

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Employment Situation in July: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 46 states and the District of Columbia in July compared to the previous month while four states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 528,000 in July, following a gain of 398,000 jobs in June. As of July 2022, the U.S. labor market is back to.

Marketing 146
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Predict Your Profit in 2023 Using This Short Term Rental Income Calculator

Mashvisor

A short term rental income calculator is a tool that’s indispensable when calculating the potential profit of your short term rental property.

Tools 68
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Landlord Lowdown: 2022 Market Questions Answered from 4 Expert Perspectives

BiggerPockets

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate […].

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One Upon A Time. A Housing Fairy Tale

Town & Country Residential Appraisals

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. Move along.

Buyers 48
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Summer 2022 Zip Trip Season Comes to an End

Lamacchia Realty

After eight weeks of zipping around different Massachusetts towns and cities with Boston25 Morning News, Summer 2022 Zip Trips have come to an end. We had a blast getting out there in our local communities and watching you get to know our REALTORS ® ! Countless members of the community talked home prices , mortgage rates , and the benefits of buying and selling in the current market with us this summer.

Realty 52
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The top five reasons townhouses are hard to sell

Mortgagebroker News

One deterrent for potential homebuyers is limited home improvement options

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Handling Non-Linear Market Changes

Appraisal Buzz

This year has felt like riding a roller coaster…in the dark…facing backwards. Some of the changes are probably specific to my market, but others will be familiar to most of you. The shifts in supply and demand have been rapid and not always easy to predict. I wrote previously about the impact of increasing interest rates and inflation on the residential real estate market.

Marketing 394
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Alberta community receives substantial housing funding

Mortgagebroker News

New housing complex to begin accepting residents by next month

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Appraisal firm, loanDepot sued by Black couple for bias

Housing Wire

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. Nathan Connolly and Shani Mott, in a suit filed in Maryland District Court last week, claimed that Shane Lanham, president of 20/20 Valuations and real estate appraiser who conducted the appraisal, discriminated against the couple by “dramatic

Appraisal 370
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A chance to fill the gap in the smaller apartment financing market

Mortgagebroker News

Getting the message out to the market that there is capital available

Finance 69
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Homebuilders get hit with more bad news

Housing Wire

July was another rough month for homebuilders, with mortgage applications for new home purchases dropping 16.1% from a year ago, according to the latest Mortgage Bankers Association ‘s builder application survey. Compared to June 2022, applications decreased by 7%. “Mortgage applications to purchase newly built homes weakened in July, as prospective homebuyers continue to delay decisions because of economic uncertainty and still-high home prices and mortgage rates,” said Joel Kan, MBA’s as

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What does this innovative exec depend on?

Mortgagebroker News

It's a lesson that every mortgage professional could take to heart

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Commercial mortgage firm appoints female president

Mortgagebroker News

The move is expected to bolster expansion prospects

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M3 Financial Group announces latest executive appointment

Mortgagebroker News

The group continues to assert its presence

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Is your boss listening in on you?

Mortgagebroker News

'Morale could drop due to feelings of mistrust from employers'

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