Wed.Sep 14, 2022

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Chasing the ball down the road in real estate

Sacramento Appraisal Blog

Sellers have been chasing the ball down the road. What I mean is prices have been going down lately, and sellers are trying to find the market through price reductions. I can’t speak for the entire country, but I’d like to talk about what’s happening locally. I’m not writing as a housing bull or bear […].

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Mortgage demand falls as rates soar past 6%

Housing Wire

Demand for mortgage loans declined last week as mortgage rates reached their highest level since 2008, crossing the 6% threshold. . The market composite index , a measure of mortgage loan application volume by the Mortgage Bankers Association , fell 1.2% for the week ending Sep. 9, compared to the previous week. It was also down 64% compared to the same week in 2021. .

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Fannie Mae Chief to Receive Award for Forecast Accuracy

Appraisal Buzz

As economic uncertainty continues amidst market turmoil and talks of recession, Fannie Mae Senior Vice President and Chief Economist Douglas G. 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, Wednesday, Oct. 12 from 6 to 8 … The post Fannie Mae Chief to Receive Award for Forecast Accuracy appeared first on DSNews.

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Navigate regulatory changes with these speakers at HW Annual

Housing Wire

Given the impact of COVID-19 on policy and government initiatives over the last two years, we’ve collected some of the most knowledgeable voices to speak at HW Annual to equip you with the regulatory insights you need to head into 2023 and beyond. If you have questions about the future of housing policy or how to understand the current priorities of housing regulators, here are three speakers you won’t want to miss at HW Annual. 1.

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An Insider Look into the Housing Market

Appraisal Buzz

Today’s Buzzcast interview is with Ed Pinto, Senior Fellow and Director of AEI Housing Center. We sat down with Ed and Joan Trice, Founder of Allterra Group, LLC, to discuss the housing market and the impact on appraisers. What are some tools available that appraisers can use to measure their housing market? What is the monetary punch bowl? These questions and much more will be answered between Ed and Joan as they dive into this subject.

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Appraisal Reform: What’s Missing?

George Dell

What’s missing? Appraisal reform is focused on current ‘urgent’ issues. The problem is that some fundamental, underlying issues are not in focus! The concern is that it’s the underlying foundation that may be the core of the problem. Current (urgent) issues include: Bias: real and perceived Wide range of opinions of value Appraiser diversity: age […].

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Brianna Desrochers Promoted to Beverly Office Manager

Lamacchia Realty

Brianna Desrochers has officially been promoted to an Office Manager! Brianna will now be the office manager of the Beverly branch office, where she had been working as an administrative assistant. After joining the company in September 2020 as an agent, she later joined the staff side as an administrative assistant, first in the Woburn Office and later moving to the Beverly Office.

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Mortgage Delinquencies Drop to 23-Year Low

Appraisal Buzz

CoreLogic has released its monthly Loan Performance Insights Report for June 2022, showing that 2.9% of all mortgages in the U.S. were in some stage of delinquency, —30 days or more past due, including those in foreclosure— representing a 1.5 percentage point decrease compared to 4.4% in June 2021. To gain a complete view of … The post Mortgage Delinquencies Drop to 23-Year Low appeared first on DSNews.

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Why didn’t my San Jose home sell?

San Jose Real Estate

“Why didn’t my San Jose home sell?” or “Why didn’t my Silicon Valley home sell?” is being heard from frustrated sellers in Santa Clara County as the days on market rack up. They remember that just a few months ago virtually every home flew off the market. If you’ve had your San Jose home listed […].

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An Insider Look into the Housing Market

Appraisal Buzz

Today’s Buzzcast interview is with Ed Pinto, Senior Fellow and Director of AEI Housing Center. We sat down with Ed and Joan Trice, Founder of Allterra Group, LLC, to discuss the housing market and the impact on appraisers. What are some tools available that appraisers can use to measure their housing market? What is the monetary punch bowl? These questions and much more will be answered between Ed and Joan as they dive into this subject.

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Can the Seller Change the Disclosure After Contract?

Hank Miller Team

Well what's old is new; let's get ready for the return of verbal (mostly) combat regarding seller's disclosures. Can the seller change the disclosure after contract? Standard real estate answer."it depends" Issues with the seller's disclosure tend to be the most common thing buyers and sellers lock horns over. Contracts fall apart as buyers claim things were omitted, information wasn't accurate, something that was to remain was taken.the list is ever growing.

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What Appraisers Should Know About the Increase in Industrial Transactions

Valcre

With the growing number of industrial real estate transactions, appraisers may become busier than ever.

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How can Canadian renters maximize rent reporting systems?

Mortgagebroker News

Renters can get credit scores generated based solely on their reported rental data, according to a new analysis

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16 Units in 3 States as a BiggerPockets Power Couple Working Full-Time

BiggerPockets

Successful real estate investors don’t find success alone. Real estate is a relationship business, so eventually, you need someone—an agent, contractor, cleaner, or handyman. At times, your success depends on these people, […].

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Bank of Canada: Is the end in sight for rate hikes?

Mortgagebroker News

The endpoint could be coming into view – but more rate moves are on the way, says economist

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Houston Properties Team: Meet Houston's Best Realtors

Houston Properties

The #1 Boutique Real Estate Team in Houston

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RBC: Softer landing for Canadian economy growing more unlikely

Mortgagebroker News

Canada might see economic contractions beginning later this year, says RBC economist

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Paige Martin Named “One Of The Top 25 Residential Realtors In Houston” By The Houston Business Journal

Houston Properties

The Houston Business Journal named Paige Martin one of “Top 25 Residential Realtors in Houston” as part of its annual 2015 Top Real Estate Awards program.

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Should the mortgage stress test be changed?

Mortgagebroker News

Regulation continues to serve important purpose despite calls for reform, says CEO

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Houston Lofts For Rent

Houston Properties

See Houston loft pictures and compare amenities, prices, and lofts for rent features.

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Skyline Industrial REIT closes $300 million-plus transaction

Mortgagebroker News

This marked the REIT's largest ever transaction, significantly expanding its footprint

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Amrock’s new tech allows buyers to close loans from mobile devices

Housing Wire

Amrock , a national provider of title insurance, property valuations and settlement services and a division of Rocket Companies , rolled out technology to electronically close mortgage transactions from a mobile device. Borrowers can close on a mortgage by connecting with the closing agent or notary remotely through its website, dubbed Clear Sign , to “help consumers complete the historically cumbersome final step in a home loan process,” the firm said in a release.

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Rate hikes hurt consumers the most, analysts say

Mortgagebroker News

Homeowners are at risk of further rate increases down the line

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Fed’s Beige Book offers grim news for housing industry

Housing Wire

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Prospects for future improvement anytime soon are dim as well. “The outlook for future economic growth remained generally weak, with … expectations for further softening of demand over the next six to 12 months,” the report states.

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Increasing Prices Limiting Access To Homeownership

Appraisal Buzz

It’s no secret that the combination of rising home prices along with a trend of increasing interest rates have made buying the typical single-family home much more expensive, if not completely unaffordable for many. According to Joint Center for Housing Studies at Harvard University author Daniel McCue, the median sales price of an existing home exceeded … The post Increasing Prices Limiting Access To Homeownership appeared first on DSNews.

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