Housing Wire
AUGUST 15, 2022
A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). HELOCs allow homeowners to tap the equity in their home without incurring a much higher first-lien mortgage via a cash-out refinancing.
Sacramento Appraisal Blog
AUGUST 15, 2022
Let’s talk about two things today. The myth of six months of inventory being normal and dipping prices. I’d love to hear your take in the comments. UPCOMING (PUBLIC) SPEAKING GIGS: 8/25/22 State of Housing Brunch & Learn (sign up (for real estate community)) 9/08/22 SAFE Credit Union Market Update (details TBD) 9/15/22 Market update […].
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Housing Wire
AUGUST 15, 2022
Blend Labs executives say they are being conservative in managing the company after recording a massive financial loss in the second quarter of 2022. . The California-based mortgage tech company plans to reduce costs, including cutting 25% of its workforce, and will focus on products with a higher return on investment amid an extreme market downturn.
Appraisal Buzz
AUGUST 15, 2022
The number of homeowners in forbearance plans has dropped by 35,000 month-over-month, however the number of those entering and exiting Fannie Mae, Freddie Mac, and Ginnie Mae loans is nearly equal for these loan types. The post Have Forbearances ‘Reached a Floor?’ appeared first on DSNews. The post Have Forbearances ‘Reached a Floor?’ appeared first on Appraisal Buzz.
Housing Wire
AUGUST 15, 2022
In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo , the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. The depository bank will likely shrink or potentially halt correspondent lending, in which Wells Fargo funds the loan arranged by outsiders, Bloomberg reported , citing unnamed sources.
Appraisal Buzz
AUGUST 15, 2022
The latest edition of Appraisal Buzz Magazine is here! This year, our magazine is loaded with insightful articles ranging on topics such as market value to ANSI standards, and so much more! Make sure you look at our schedule for Valuation Expo – there are plenty of new sessions, speakers, and sponsors this year! Have you found the discount for your Valuation Expo Pass in the magazine yet?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
AUGUST 15, 2022
Incenter Appraisal Management is growing rapidly and needs to expand their panel with the help of Clearbox, LLC. Join us for our upcoming free webinar on August 18th at 2 pm ET, “ Join Incenter and Clearbox: Let’s Grow Together ” and learn all about why Incenter selected Clearbox, LLC with our hosts Joan Trice, CEO of Clearbox, LLC, and Mark Walser, President of Incenter Appraisal Management.
Housing Wire
AUGUST 15, 2022
Servicers’ forbearance portfolio volume descended in July since mortgage forbearance rate dropped below 1% in April. The total number of loans decreased one basis point to 0.34%, according to Mortgage Bankers Association (MBA). The mortgage forbearance rate on a declining trend is positive news after the economic impacts of the pandemic hit borrowers hard.
Appraisal Buzz
AUGUST 15, 2022
According to Redfin data from 2 million users, the share of homeseekers looking to relocate took a big jump in July amid an environment of rising rates as buyers look to more affordable areas where deals can still be had. Before the pandemic, roughly 26% of Redfins users searched for properties outside of their listed … The post Record Amount of People Considering Migrating Cities appeared first on DSNews.
Housing Wire
AUGUST 15, 2022
Fannie Mae has appointed Cissy Yang as senior vice president and chief audit executive, taking over for J. Douglas Watt, who will retire in November. Yan’s appointment is effective as of September 12. As chief audit executive, Yang will be responsible for leading the company’s audit strategy, including internal controls, operational processes and risk assessments.
Appraisal Buzz
AUGUST 15, 2022
The U.S. Department of Housing and Urban Development (HUD) has announced that it will make $10 million available in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances the capacity and ability of rural housing development organizations, Community Development Corporations (CDCs), Community Housing Development Organizations (CHDOs), rural local governments, and Indian tribes to … The post HUD Declares $10M in Funding For Building Grants appeared first on DSNews
Eyes on Housing
AUGUST 15, 2022
The prices of building materials rose 0.4% in July (not seasonally adjusted) even as softwood lumber prices increased 2.3%, according to the latest Producer Price Index (PPI) report. Prices have surged 35.7% since January 2020, although 80% of the increase has occurred since January 2021. The PPI for goods inputs to residential construction, including energy, decreased 1.2% as the prices of.
Appraisal Buzz
AUGUST 15, 2022
Rising mortgage rates, high inflation, low existing inventory, and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in Q2 of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of … The post California Leads in Least Affordable Housing Markets appeared first on DSNews.
Lamacchia Realty
AUGUST 15, 2022
We are SO excited to announce that Paul J. Cervone has qualified for the 2022 President’s Club, surpassing $16,000,000 in sales volume ALREADY this year! Paul qualified for President’s Club as well in 2019 , 2020 , and 2021 , and is a 2020 and 2021 President’s Club ELITE member. Most recently, Paul was ranked on the 2022 RealTrends America’s Best Real Estate Professionals list as well as named in the 2022 Boston Agent Magazine’s Who’s Who list !
Appraisal Buzz
AUGUST 15, 2022
Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), has vowed to hold credit bureau Equifax accountable for repeated slights against American Consumers in an open letter published Aug. 10. The letter follows recent news that Equifax sent inaccurate credit scores to lenders, potentially resulting in consumer harm by way of higher rates … The post Accountability for Equifax appeared first on DSNews.
Mashvisor
AUGUST 15, 2022
The travel landscape is changing, and real estate investors are asking, “should I buy a vacation rental property in 2023?” This guide will help.
Buys Brokers Only LLC
AUGUST 15, 2022
There is a popular saying in real estate: "All real estate is local." To a large extent, that is true. Demand, which largely dictates median sale price, inventory, and other market conditions - varies from community to community.
Town & Country Residential Appraisals
AUGUST 15, 2022
If only I received a dollar for every person I heard say “Zillow says my house is worth $XXX” I could possibly retire…. Well, that may be a slight exaggeration, but it doesn’t negate the fact that people trust what they deem to be reliable information. My advice to you is that you should not trust the stated Zestimate as a reliable source to determine what your house is worth.
BiggerPockets
AUGUST 15, 2022
Alex Hormozi is quite literally the one hundred-million-dollar man. If you haven’t heard of Alex before, prepare to have your mind blown wide open. He’s the poster child for entrepreneurialism […].
Berkshire Hathaway
AUGUST 15, 2022
Ann Arbor is many things, including a bustling university town, culinary hotspot, and a tech hub with a walkable downtown that includes world-class arts and culture. Located in southeast Michigan’s Lower Peninsula, Ann Arbor lies at the center of a greater collection of communities in Washtenaw County. With so many thriving communities nearby, Ann Arbor has become a cultural melting pot and urban oasis.
BiggerPockets
AUGUST 15, 2022
The vast majority of real estate investors get into the industry to pursue passive cash flow. Unfortunately, over the last several years, finding deals with strong cash flow has become […].
Mortgagebroker News
AUGUST 15, 2022
Massive deceleration in one province offsets the gains seen in multiple regions
Lamacchia Realty
AUGUST 15, 2022
Boston 25 Zip Trips are back and Lamacchia Realty will be there all summer long ! Last week we visited Hudson, MA where Anthony discussed the current housing market, the local area, and so much more! Check out the video to the right to learn what the market is up to in that area! The post Boston 25 Zip Trip: Hudson appeared first on Lamacchia Realty.
Mortgagebroker News
AUGUST 15, 2022
The housing sector shouldn’t hold its breath for a reprieve, TD warns
Clear Capital
AUGUST 15, 2022
Story by Brent Nyitray, CFA. As a general rule, rents tend to follow home prices, and in many of American Homes 4 Rent’s markets, we are seeing rapid home price appreciation. The company’s biggest markets include Atlanta, Dallas-Fort Worth, Charlotte, and Phoenix. According to the Clear Capital Home Data Index, these metropolitan statistical areas (MSAs) were all in the top 15 in terms of home price appreciation last month, and each of these areas saw at least 28% annual home price a
Mortgagebroker News
AUGUST 15, 2022
Learning and development are among the broker's fundamental needs, exec says
Eyes on Housing
AUGUST 15, 2022
Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining housing market has failed to bottom out, builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the.
Mortgagebroker News
AUGUST 15, 2022
Plus: The sacrifices most Canadians are willing to make to afford their dream homes
Mortgagebroker News
AUGUST 15, 2022
Lots of money spent but poor mental health continues to plague workers
Mortgagebroker News
AUGUST 15, 2022
The investor segment is still strong despite rising rates
Mortgagebroker News
AUGUST 15, 2022
New housing complex to offer approximately 100 low-cost units
Mortgagebroker News
AUGUST 15, 2022
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