Mon.Nov 21, 2022

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Forbearance rate increased in October for the first time in 29 months

Housing Wire

The forbearance rate increased marginally in October after more than two years of declines, the Mortgage Bankers Association (MBA) reported Monday. The trade group previously noted that it expected pressures due to worsening economic conditions. . The total number of loans in forbearance in October increased to 0.70% of the servicers’ total portfolio volume, up one basis point from the month prior.

Mortgage 382
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Bringing up the housing market during Thanksgiving dinner

Sacramento Appraisal Blog

I don’t recommend talking about real estate during Thanksgiving dinner, but if you need some flavorful conversation, I’ve got you covered. UPCOMING (PUBLIC) SPEAKING GIGS: 12/5/22 SAFE Credit Union market update on Zoom (register here (free)) 1/18/23 WCR Market Update in Cameron Park (details TBD) 1/19/23 Big market update at SAR on Zoom (details TBD) 1/23/23 […].

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HUD to allow borrowers of FHA mortgages to obtain private flood insurance

Housing Wire

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . The U.S. Department of Housing and Urban Development , through the FHA, announced on Monday that the change will go into effect on December 21, 2022.

Insurance 370
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Gain for Custom Home Building

Eyes on Housing

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.

Design 195
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FinCEN expands GTOs on all-cash real estate transactions

Housing Wire

In late October, the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department , announced its decision to again expand its Geographic Targeting Orders (GTOs). The new requirements go into effect on November 25, 2022, and the terms of the GTOs are effective through April 2023. In addition to Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco, Washington, D.C., Northern Virginia and Ma

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Employment Situation in October: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 42 states in October compared to the previous month while eight states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 261,000 in October, following a gain of 315,000 jobs in September. On a month-over-month basis, employment data was strong in California, which.

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GoFormz Recognized as a Top Workplace in 2022

GoForrmz

There aren’t enough ways to say “thank you!” Already proud to be providing businesses around the world with a better way to fill out their forms, GoFormz is honored to announce that we’ve been named a Top Workplace in 2022. The San Diego Union-Tribune recently published their Top Workplaces list, and our team is overjoyed to share what we’ve known all along: GoFormz is a fantastic place to call home!

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Decorating Your Home for the Holidays When it’s on the Market

Lamacchia Realty

DECORATING YOUR HOME FOR THE HOLIDAYS WHEN IT'S ON THE MARKET. The most wonderful time of the year is right around the corner, and that means it’s time for holiday movies, hot cocoa, and of course decking the halls with boughs of holly! One of the best parts about the holiday season is the tradition of decorating your home. However, if your house is on the market this holiday season, you’re probably wondering how to tastefully decorate your house for the holidays without turning away buyers.

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Washington, D.C. Real Estate Market—Stats And Trends In 2022

BiggerPockets

The Washington, D.C. metropolitan area has one of the strongest real estate markets in the United States. With a large population, high incomes, and a well-diversified labor market, D.C. has […].

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A Different Kind of Value

Town & Country Residential Appraisals

The staff at Town & Country Residential Appraisals wants to wish all of you a. We are thankful for each and every one of our clients who have placed their trust in us. There is no greater value than that of building relationships with those you love, trust and enjoy. Please take time to spend with those who have enriched your lives like you have enriched ours.

Clients 50
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Painless Property Management 101

BiggerPockets

Property management has always been a sensitive subject for landlords. Most real estate investors either want to be completely hands-off, letting a property manager handle the entirety of their leasing […].

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Online home valuation programs and why they are usually inaccurate

San Jose Real Estate

A study of 8 online home valuation sites and how different the answer is to the question "what's my home worth?".

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Canadian Mortgage Summit – Focus on niche lending

Mortgagebroker News

Mortgage professionals can benefit from a diverse range of non-traditional lending options

Lending 69
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Rentometer App: Should Real Estate Investors Use It to Find Rental Comps?

Mashvisor

Rental comps are an integral part of real estate investing. But is software like the Rentometer app a good tool to use to find rental comps?

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How should agents and brokers approach the current cooldown?

Mortgagebroker News

Recalibrating can be strong preparation for the next market boom, says SVP

Agents 69
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The #1 Real Estate Data Provider for 2023

Mashvisor

In 2023. your rental property investment decisions will be only as good as the data they use. So who’s the best real estate data provider?

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Canadian Mortgage Awards 2023: Nominations now open

Mortgagebroker News

The prestigious awards gala is coming to Toronto's Westin Harbour Castle in April

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Home sales will only get worse next year before rebounding in 2024

Housing Wire

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. Fannie Mae ‘s Economic and Strategic Research (ESR) Group forecasts single-family home sales to post 5.67 million in 2022 before dropping to 4.42 million in 2023 and then climbing to 5.25 million in 2024. The latest forecast also projects that total mortgage origination activity is slightly increased at $2.34 trillion in 2022.

Contracts 382
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How much income do buyers need to afford a home in Canada's major cities?

Mortgagebroker News

"Homes are becoming more affordable across the country"

Buyers 69
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Housing data’s role in furthering affordable homeownership

Housing Wire

The housing industry is at an unprecedented moment in time. The COVID-19 pandemic brought interest rates to record lows and spurred a $4 trillion purchase and refinance mortgage boom in 2021. Rapid inflation not seen in 30 years followed, which caused the Federal Reserve to take action, moving interest rates to nearly double , leading to a projected $2.4 trillion in mortgage origination volume in 2022.

Design 381
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Deal agreed for sale of Home Capital Group

Mortgagebroker News

Huge acquisition set to close by mid-2023

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New Single-Family Home Size Trending Lower

Eyes on Housing

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. During the housing boom after covid, this led to a rise for new single-family home size. However, as the housing market weakens on lower affordability conditions this trend appears to be reversing. According to third quarter 2022.

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Why is Bill 23 – the More Homes Built Faster Act – so controversial?

Mortgagebroker News

"Someone's going to have to pay"

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Mortgage losses soar to highest level since 2015

Mortgagebroker News

So why is the share of written-off mortgages still declining?

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Displaced Ukrainians are flocking to one province

Mortgagebroker News

Two brothers share why…

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