Housing Wire
AUGUST 9, 2021
Home purchase sentiment dropped 3.9 points to 75.8 in July as concerns about high home prices continued to scare off prospective homebuyers. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) found that 66% of respondents said that due to high housing prices, it’s a bad time to buy a home, up from 64% last month. Only 28% said it was good time to buy a home, down from 32% in June.
Appraisal Buzz
AUGUST 9, 2021
Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. It may benefit you and your business to stay updated on policy as it relates to the appraisal profession.
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Housing Wire
AUGUST 9, 2021
Once again, servicers’ forbearance portfolio volume fell — this time dipping seven basis points to 3.40% for the week ending Aug. 1, according to a survey from the Mortgage Bankers Association. Per MBA’s estimate, 1.7 million homeowners are still in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased, falling five basis points to 1.74%, and Ginnie Mae loans decreased 12 basis points to 4.18%.
Appraisal Buzz
AUGUST 9, 2021
As digital natives, young people are well positioned to build successful careers as appraisers, giving them flexibility and opportunity few other careers can offer. The post What Appraisal Careers Offer Millennials/Gen Z appeared first on theMReport.com. The post What Appraisal Careers Offer Millennials/Gen Z appeared first on Appraisal Buzz.
Housing Wire
AUGUST 9, 2021
Refinances are flowing once again, according to July mortgage origination figures in a report from Black Knight, and early data from August suggests more are on the way. For the first time since February , refinance activity accounted for half of all origination activity, according to a report by Black Knight. Rate and term refinances rose 24%, while cash-out refinances were up 20% from the previous month.
Appraisal Buzz
AUGUST 9, 2021
BLOG VIEW: Machine learning grew in popularity in the late 2000’s, when Google and others demonstrated the importance of data and how machine learning could put it to work. With the explosive growth of data that followed, it became apparent that the traditional ways of utilizing it were no longer working. Something had to change. This led to the notion of “big data” – and how data can be turned into gold.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
AUGUST 9, 2021
Strong July jobs numbers point to more homeowners exiting forbearance plans in the coming months, as the number of homeowners in plans slides yet another week. The post Number of Americans in Forbearance Plans Continues to Fall appeared first on DSNews. The post Number of Americans in Forbearance Plans Continues to Fall appeared first on Appraisal Buzz.
Housing Wire
AUGUST 9, 2021
Boise, Idaho. No city in America saw larger home price gains in the first half of 2021 than — yes, you guessed it — Boise, Idaho. According to a study from HouseCanary — which looked at the top 25 metros in the country with the highest median price increase over the last six months — Boise’s home prices increased 13% from December 2020 ($410,000) to June 2021 ($463,383), the highest in the country.
The Appraiser Coach
AUGUST 9, 2021
Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Getting a. Read More.
Housing Wire
AUGUST 9, 2021
Compass CEO Robert Reffkin. Wait, is Compass on the right track? The New York City-headquartered residential brokerage lost money again in the second quarter. But its net loss of $7.1 million more than favorably compared to not just a deficit of $84.2 million in the second quarter of 2020 – when the real estate market faced its pandemic low point – but $212 million of negative income in this year’s first quarter.
Appraisal Buzz
AUGUST 9, 2021
Industry veteran officially named to new role after serving in an interim capacity since late February. The post Steven Plaisance Named President of Mortgage Banking for Gateway First appeared first on theMReport.com. The post Steven Plaisance Named President of Mortgage Banking for Gateway First appeared first on Appraisal Buzz.
Eyes on Housing
AUGUST 9, 2021
In the second quarter of 2021, non-real estate-secured consumer credit increased at a seasonally adjusted annual rate by 8.8%, with revolving debt1 increasing by 10.7% and nonrevolving debt2 increasing by 8.3%. Consumer credit totaled $4.3 trillion on a seasonally adjusted annual basis, with $992 billion comprised of revolving debt and $3.3 trillion in nonrevolving debt.
Appraisal Buzz
AUGUST 9, 2021
Indecomm Global Services ‘ BotGenius suite of automation solutions is being implemented by Arc Home LLC. The collection of software robots are pre-built to emulate human computer interaction for specific, standardized middle office tasks, processes and workflows in the mortgage industry. Arc Home chose to employ BotGenius to automate various manual tasks, including ordering and reviewing flood and fraud checks, reviewing appraisals, validating the completion of compliance tests (such as th
Eyes on Housing
AUGUST 9, 2021
In the June labor market data, job openings for the overall economy increased to 10.1 million open positions. What had been a challenge in certain sectors, like construction, is now a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs increased in June to 339,000 unfilled positions, according to data from.
Appraisal Buzz
AUGUST 9, 2021
Economists say historical and predicted home-price appreciation is the primary reason for an elevated potential for mortgage delinquencies. The post Default Risk on GSE-Backed Loans Increases appeared first on DSNews. The post Default Risk on GSE-Backed Loans Increases appeared first on Appraisal Buzz.
Appraiserblogs
AUGUST 9, 2021
Appraisers should avoid using words that lend themselves to bias judgments. Instead, the appraisal report should document objective facts. “Bias” in appraisals has been a ‘hot topic’ around nationwide water coolers since about 2018, and even earlier. The GSE’s are particularly wary of any commentary in appraisal reports that appear to inject ‘bias’ into the value conclusion.
Appraisal Buzz
AUGUST 9, 2021
For the first time in 18 months, the share of refis has dipped below the share of home purchases with the summer home sales market heating up. The post Home Purchases Begin to Eclipse Refis appeared first on theMReport.com. The post Home Purchases Begin to Eclipse Refis appeared first on Appraisal Buzz.
GoForrmz
AUGUST 9, 2021
Digital purchasing forms expedite the purchasing process and enhance data collection Elevate your digital purchasing experience and by adding these GoFormz features for your mobile form Templates. Adding new features is easy and introduces new efficiencies and opportunities for your team. Below we’ve outlined a few easy-to-use features you can incorporate into your digital purchasing forms today: Drop Downs and Database Fields GoFormz Database Fields makes data entry painless while improving acc
Appraisal Buzz
AUGUST 9, 2021
U.S. Senators Jerry Moran and Jeanne Shaheen hosted a roundtable to break down the struggle that homebuilders are facing to keep up with continued demand. The post Senators Tackle the Home Building Supply Chain Issue appeared first on theMReport.com. The post Senators Tackle the Home Building Supply Chain Issue appeared first on Appraisal Buzz.
McKissock
AUGUST 9, 2021
Mike McElroy has been in the real estate business for seven years. After working for a time at a Chicago radio station, he got his first real estate job in 2009. He says he found a business afraid of change, afraid of technology, afraid of loosening up and having fun every now and then. And he thought he could do better than that. So he started his own brokerage.
Appraisal Buzz
AUGUST 9, 2021
An industry veteran of 25 years explores the history and evolution of automated valuation models in real estate. The post AVMs: Then, Now, and in the Future appeared first on DSNews. The post AVMs: Then, Now, and in the Future appeared first on Appraisal Buzz.
Valuation Review
AUGUST 9, 2021
The 2021 Appraisal Institute Annual Conference “Rising to the Challenge” is underway and Valuation Review is here live in Orlando to cover the event. A wide variety of appraisal topics will be presented to attendees from the JW Marriott Grande Lakes Hotel in the next two days.
Appraisal Buzz
AUGUST 9, 2021
Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Getting a … Read More. The post Appealing Property Taxes with a Real Estate Appraisals appeared first on Appraisal Buzz.
Valuation Review
AUGUST 9, 2021
Expectations for full-year 2021 real GDP growth at 7 percent changed very little from the previous outlook, but meaningful compositional and temporal shifts are now projected for the underlying sources of economic growth. This is according to the July 2021 commentary from the Fannie Mae Economic and Strategic Research Group.
Appraisal Buzz
AUGUST 9, 2021
The Fannie Mae ’s Home Purchase Sentiment Index (HPSI) decreased 3.9 points to 75.8 in July with consumers continuing to report concerns related to high home prices and a lack of homes for sale. While all six components declined month over month, the “Good Time to Buy” and “Good Time to Sell” components produced the most notable results. On the buy side, 66 % of respondents said it’s a bad time to buy a home, up.
Valuation Review
AUGUST 9, 2021
Artificial Intelligence (AI), according to an article in CIOReview, will play a key role moving forward as online shopping supplants brick-and-mortar retail stores with enterprises prioritizing AI. Additionally, AI can transform every facet of retail business.
Appraisal Buzz
AUGUST 9, 2021
The company’s President says Mike Jacobson’s promotion will further enhance development of mortgage credit risk distribution strategies and much more. The post MGIC Names New SVP Product Strategy appeared first on DSNews. The post MGIC Names New SVP Product Strategy appeared first on Appraisal Buzz.
Valuation Review
AUGUST 9, 2021
Paradatec, Inc. joined with CoreLogic to support CoreLogic HMDA Check, a loan auditing tool that leverages automation to help lenders comply with the Home Mortgage Disclosure Act (HMDA). Enacted by Congress in 1975, HMDA requires covered financial institutions to publicly disclose mortgage data to the public to combat housing discrimination.
Appraisal Buzz
AUGUST 9, 2021
A serious dearth of inventory and elevated real estate prices continue to make the prospect of home shopping and homebuying too daunting for a majority of Americans today, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI). In fact, consumers’ pessimism toward homebuying conditions in July set a survey record. Of the six metrics measured … The post Survey: Purchase Pessimism at All-Time High appeared first on DSNews.
Valuation Review
AUGUST 9, 2021
With signs of a significant recovery for the second straight month in June pertaining to housing inventory, the latest Zillow Real Estate Market Report indicates the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor. But inventory remains low, and demand is still strong. Read on for more analysis.
Appraisal Buzz
AUGUST 9, 2021
A serious dearth of inventory and elevated real estate prices continue to make the prospect of home shopping and homebuying too daunting for a majority of Americans today, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI). In fact, consumers’ pessimism toward homebuying conditions in July set a survey record. Of the six metrics measured … The post High Prices, Short Supply Leads to Homebuyers’ Hesitancy appeared first on theMReport.com.
Valuation Review
AUGUST 9, 2021
Valuation Review had a conversation with Metro-West Appraisal Co., LLC Chief Operating Officer Brandon Boudreau regarding relevancy inside the appraisal profession moving forward. Boudreau also touched on collateral valuation programs, and their value to the industry. Read on for more details.
BiggerPockets
AUGUST 9, 2021
In BRRRR, the refinance phase can be a deal maker or breaker. The key to this phase is getting the right valuation so you can recoup your capital and repeat.
Valuation Review
AUGUST 9, 2021
As announced earlier by Valuation Review, the American Society of Appraisers (ASA) welcomed David Crick to the position of international president. We caught up with the new ASA executive for a more in-depth story, and his thoughts about becoming the first individual outside the United States to hold such an office. Read on for more of our conversation.
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