Mon.Dec 19, 2022

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Are foreclosures and short sales coming back to the housing market?

Sacramento Appraisal Blog

A foreclosure wave is coming!!! And short sales are about to be unleashed!!! That’s often the housing narrative, and let’s talk about that while looking at some changes we’re starting to see in the Sacramento market. I hope this is helpful, whether you’re local or not. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING […].

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Employment Situation in November: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 43 states and the District of Columbia in November compared to the previous month, while seven states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 263,000 in November, following a gain of 284,000 jobs in October. On a month-over-month basis, employment data was strong in Texas, which.

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How Customer Feedback Helps Improve GoFormz

GoForrmz

Customer feedback matters at GoFormz – here’s why: Knowing what you’re getting right and wrong in the eyes of customers is extremely important for the growth of your business. And there’s only one way to ensure that happens: incorporate customer feedback throughout your product lifecycle! That core concept is at the heart of everything we do here at GoFormz.

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When Will The Fed Lower Rates Again? There Might Be An Answer

BiggerPockets

Last week, the Fed raised its benchmark interest rate by half a percentage point, a slowdown from previous sprints. Still, the federal funds rate is at its highest since 2007. While […].

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Krista Matthews Qualifies for the 2022 Lamacchia Realty President’s Club

Lamacchia Realty

We’re excited to announce that Krista Matthews has officially qualified for the 2022 President’s club by closing on 33 transactions this year! This is Krista’s first time qualifying for this distinction and we couldn’t be happier! Krista has consistently demonstrated a strong work ethic and a commitment to delivering top-notch service to all of her clients.

Realty 74
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Company Spotlight - Scarlett Network by Axiom Innovations

Mortgagebroker News

2022 had unparalleled challenges for the mortgage industry. As we look ahead, technology is going to be at the forefront for successful brokers and lenders. CMPTV recently spoke with Joe Fakhri and Andrew Schultz from Scarlett Network by Axiom Innovations on where they think technology can improve effectiveness and efficiencies moving forward.

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The 6-Step Guide to Buying Your FIRST Rental Property

BiggerPockets

Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the […].

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Top 5 Sales & Marketing Stories for 2022

National Association of Realtors

From sales mistakes to making nice with appraisers, find out the top headlines of the year.

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What's the best way for brokers to establish a 2023 growth strategy?

Mortgagebroker News

How brokers and agents can maximize their success in the year ahead

Agents 69
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Protected: November 2022 MA/NH Housing Report

Lamacchia Realty

This content is password protected. To view it please enter your password below: Password: The post Protected: November 2022 MA/NH Housing Report appeared first on Lamacchia Realty.

Realty 48
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Ontario and BC buyers to "hold a stronger hand" in 2023, according to RBC

Mortgagebroker News

Sales slump to "lowest levels in a decade or more"

Buyers 69
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Higher mortgage rates exposed Rocket’s vulnerability — can it prove itself as a fintech?

Housing Wire

Rocket Mortgage , once the largest mortgage originator in the country, capitalized on the all-time low mortgage rates during the pandemic years, racking up record profits through an enormous amount of refinances. Last year, it originated $351 billion in total volume — with more than double the refi volume of any lender. . But when mortgage rates started rising following downward pressures on inflation, its business took a hit and the unimaginable happened: Rocket Mortgage not only lost $166 mill

Mortgage 404
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Montreal police report new case of real estate fraud

Mortgagebroker News

Duo accused of defrauding 10 people out of a collective $1.

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Local Markets: Louisville, Reno and San Diego

Housing Wire

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Louisville, Kentucky. Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active housing market has slowed down recently. “I haven’t been seeing as many multiple offer situations lately,” Christine Ridenour Lindsey , a local agent with RE/MAX Properties East, said.

Marketing 398
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Prince Edward Island home sales continue to drop

Mortgagebroker News

So why are its home prices still so high?

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December marks a full year of declines in builder confidence

Housing Wire

Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. This drop marks one full year of declines in builder confidence, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday.

Contracts 414
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Are variable rate mortgages still popular?

Mortgagebroker News

Mortgage brokers reveal the truth

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Forbearance rate remained flat in November

Housing Wire

The forbearance rate held steady in November, but there are signs of deterioration in the portfolios of servicers. . The Mortgage Bankers Association (MBA) reported Monday that the total number of loans in forbearance remained at 0.70% of the servicers’ total portfolio volume in November. There were 350,000 U.S. homeowners in forbearance plans as of November 30, up from 345,000 at the end of September. .

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Reflecting a Weakening Housing Market, Builder Confidence Declined Every Month in 2022

Eyes on Housing

High mortgage rates, elevated construction costs running well above the inflation rate, and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31, according to the National Association of Home.

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Fannie Mae expanded eligibility for single wide trailers

Town & Country Residential Appraisals

Fannie Mae just announced a new revision to their requirements regarding loans on single wide trailers. As of December 14, 2022 Fannie Mae has revised the date of manufacture eligibility. Prior to this date, the date of manufacture as found on the HUD Data Plate within the unit could not be more than 10 years from the effective date of the appraisal.