January, 2022

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Mortgage delinquency rate reaches prepandemic levels

Housing Wire

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8% of mortgages were delinquent by at least 30 days, including foreclosure, close to the 3.7% rate registered in the same period of 2019.

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New Home Construction Expectations for 2022

Appraisal Buzz

The housing market boomed in 2021 like few could have expected. What is on the horizon in 2022? Home prices are rising to record highs , and many policymakers and industry professionals have begun turning to building to ease shortages. Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains.

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Real estate trends to watch in 2022

Sacramento Appraisal Blog

What’s the real estate market going to do in 2022? Let’s talk about some of the emerging trends. Scroll quickly or digest slowly. Anything to add? January public speaking gigs: January 12: Top Producer Panel in Granite Bay (sold out) January 18: SAR Big Market Update (sign up here) January 19: PCAR WCR Big Market […].

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Don’t Be Alice!

The Appraiser Coach

In his classic novel Alice in Wonderland, author Lewis Carroll teaches an important principle through the character of the Cheshire Cat. Lost in the woods and faced with a crossroads, Read More.

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Building Materials Prices Increase 1.5% in December, Lumber Volatility at 75-Year High

Eyes on Housing

The prices of goods used in residential construction ex-energy climbed 1.5% in December (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was driven higher by large price increases for wood products. Building materials prices increased 15.9% in 2021 and have risen 18.6% since December 2020.

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Appraising in 2022! What Will It Be For You?

DW Slater Company

Happy New Year! As we begin a new year, I wanted to take a moment to discuss what that may mean. It seems that we don’t really hear much about “New Year’s Resolutions” anymore. Perhaps, it’s because they seem to be impossible. I “resolve” to do this or not do that and of course, that resolve can only go so far and we just feel like we failed. If I don’t make any resolutions, then I won’t fail, right?

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These Are The Best Cities for Real Estate Investment

Appraisal Buzz

Due to the explosion of real estate prices over the past few years, more are looking to diversify their investments by expanding into real estate. But not all real estate properties are a sound investment; those looking for the best “bang for their buck” must balance real estate prices with taxes, vacancy rates, insurance, and the list goes on. As … The post These Are The Best Cities for Real Estate Investment appeared first on DSNews.

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The most aggressive housing market ever?

Sacramento Appraisal Blog

Was last year the most aggressive housing market we’ve ever had? I’m going to go out on a limb and say HECK YES based on the stats. But what do you think, whether you’re local or in a different market? January public speaking gigs: January 12: Top Producer Panel in Granite Bay (sold out) January […].

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When Money Makes Itself

The Appraiser Coach

Idaho is a gorgeous state! I live in the backyard of the Teton Mountain Range and Yellowstone National Park, and I love going to the hills. Hiking through groves of. Read More.

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Impacts of Rising New Home Costs

Eyes on Housing

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced double-digit growth. By the final.

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The Housing Market Needs More Condos. Why Are So Few Being Built?

Urban

Condos can present a key path to homeownership, but federal financing issues and local defect laws have contributed to a lack of multifamily units for sale.

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FHFA hikes fees for high-balance and second-home loans

Housing Wire

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio. For second home loans, the upfront fees will increase between 1.125% and 3.875%, also tiered by loan-to-value ratio.

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HUD Names Four to Housing Counseling Federal Advisory Committee

Appraisal Buzz

Addition of four new appointments brings Committee membership to full 12 members authorized by statute. The post HUD Names Four to Housing Counseling Federal Advisory Committee appeared first on DSNews. The post HUD Names Four to Housing Counseling Federal Advisory Committee appeared first on Appraisal Buzz.

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12 Things to Know BEFORE Moving to Durham, NC

Raleigh Realty

Living in Durham, NC Find out why 70+ people are Moving to the Durham area Daily in 2022 For anyone moving to Durham, NC, or considering the move, you'll want to be sure to read this article first or contact us directly 12 Things to Know Before Moving to Durham, NC There are so many things to do in Durham a lot of which you will find in this article.

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5 Digital Forms for Drywall and Insulation Contractors

GoForrmz

Level up your construction business operations with these five digital forms Are you a drywall and insulation contractor that is tired of searching for a solution to elevate and enhance your business operations? Well look no further – GoFormz is your one-stop-shop solution for digital data capture, mobile forms, workflows, and much more. With GoFormz, your digital forms can look exactly like your existing paper forms (or entirely new versions) and can be used to collect new data types like Image

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Existing Home Sales Strongest Since 2006 Despite Supply Limits

Eyes on Housing

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR). However, supply has continued to lag due to ongoing supply-chain disruptions and inventory fell to lowest level since January 1999, keeping home prices elevated and pricing out first-time and young buyers.

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Desktop Appraisals Coming Soon; Flips too

JMV Lending

“Flips” Still A Thing A “flip” is a home that has was recently purchased and then subsequently listed for sale – typically at a higher price point – within a specific time period (3 to 12 months, depending on investors or guidelines). With so many investors “flipping” homes, flips and flip issues are prevalent once […]. The post Desktop Appraisals Coming Soon; Flips too appeared first on JVM Lending.

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The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.

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Protecting Condos as a Sustainable Housing Option

Appraisal Buzz

In the days following the tragic condo building collapse in Surfside, Florida, information emerged about known issues with that building. Several nearby condo buildings were evacuated because they too had significant deferred maintenance that led to potentially life-threatening structural deficiencies. The tragedy has focused attention on an emerging challenge: significant deferred maintenance of aging condo and co-op infrastructure.

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17 Best Restaurants in Raleigh NC {2022 Guide}

Raleigh Realty

17 Best Restaurants in Raleigh, NC WARNING: Your taste buds may never be the same after you try these Restaurants in Raleigh, NC If your mouth isn't watering yet, just wait until you see the pictures and read about each restaurant in Raleigh While our website is focused on real estate, and helping people find homes for sale - we love to provide value and local guides.

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Join us at the 2022 Acumatica Summit!

GoForrmz

GoFormz will be onsite as a Gold Sponsor at this year’s Acumatica Summit (January 23- 28, 2022) Next week, GoFormz will be sponsoring the Acumatica Summit in Las Vegas! Will we see you there? Check out more information below: About the event The Acumatica Summit is an annual event for Acumatica customers, partners, and industry leaders. With a variety of informative sessions, exhibitions, demos, and networking opportunities available, it’s truly an event you don’t want to miss.

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Residential Building Worker Wages Grow Rapidly

Eyes on Housing

Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market. Last Friday, the Bureau of Labor Statistics (BLS) reported that the unemployment rate declined to 3.9% in December, the lowest rate since the pandemic. As the labor market remains tight, wages have increased rapidly, particularly in residential building sector.

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3 Time Management Strategies Real Estate Pros Use to Get Ahead

McKissock

As part of our contributor series, John Walker talks about his best time management strategies for real estate agents and brokers. . Real estate is an industry that attracts a lot of entrepreneurs, self-starters, and big dreamers. Why? The short answer is the real estate industry offers virtually endless amounts of opportunity and in many cases, there are fewer roadblocks in order to get started than there are in other industries.

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Mortgage rates start 2022 with an increase

Housing Wire

The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33% the week prior. A year ago at this time, it averaged 2.16%.

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Wait! There’s Risk in my Appraisal?

Appraisal Buzz

If you talk to a professional risk manager working in the home finance industry, they’ll tell you that risk is hiding everywhere. While they may be overstating it, they aren’t doing it by much. This is why federal regulators require banks to do such rigorous stress testing, proving that they can respond appropriately to any risk they may face. We saw a great deal of this in the years following the Great Recession, but over the last year or two we’ve heard much less about stress testing.

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5 Things You Should Know BEFORE Moving to Holly Springs, NC (2022)

Raleigh Realty

Living in Holly Springs, NC Find out why so many folks are moving to Holly Springs, NC Holly Springs, North Carolina is one of the best places to live in the country so it's no wonder so many folks are trying to move here. Whether you're ready to dive right into this article or would prefer to contact us to talk to one of our Realtors first hand we are here to help you With a population of just over 30,000 Holly Springs has been growing around 5-6 annually.

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How To Collect HIPAA Forms Online

GoForrmz

Easily share links to your HIPAA forms for patients and individuals outside of your GoFormz account with our Public Forms feature Creating HIPAA-secure forms is easy, requiring no code or IT support required to get started. First, start off by signing up for our HIPAA-secure edition, and then log in from a computer. Upload a JPG or PDF of your existing form and then simply begin using our powerful drag-and-drop digital fields onto your Template in our Template Editor.

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Domestic Sawmill Output Continues to Lag Home Construction

Eyes on Housing

The failure of domestic sawmills to sufficiently boost output in the face of ongoing strong home buyer demand was a primary factor that contributed to record-high lumber prices and price volatility in 2021. Soaring lumber prices, combined with delays and higher costs for other building materials, continued to be a significant limiting factor for home building throughout 2021 despite a.

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4th Qtr 2021 Housing Market Report for Atlanta

Hank Miller Team

The curtain fell on 2021 and the housing market report for greater Atlanta can be succinctly summed up; crazy. In addition the last quarter being traditionally slow, the big influences on the market were inflation levels unseen in 40 yrs, supply chain shortages, labor issues and of course the rise and run of the omicron covid variant. That is best described as an endemic; like the flu it's evident that the covid situation isn't going anywhere.

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Mortgage rates see sizable increase

Housing Wire

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. The 15-year fixed rate mortgage averaged 2.62% last week, up from 2.43% the week prior. A year ago at this time, it averaged 2.23%.

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Policy Changes May Help Alleviate Disparities in Renting

Appraisal Buzz

The lull in the rental market seen at the onset of the pandemic is all but a distant memory as rents have surged by double digits over the past few months indicating that the rebound, in part, is caused by the lack of inventory in the purchase market. According a new report titled “Americas Rental Housing … The post Policy Changes May Help Alleviate Disparities in Renting appeared first on theMReport.com.

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10 Things to Know BEFORE Moving to Cary, NC {2022}

Raleigh Realty

Planning on moving to Cary, NC? There's a reason it's on the list of Best Places to Live in North Carolina Cary is a great city for anyone looking to live in a top-rated town that offers excellent schools, weather, and amenities It's no wonder everyone is moving to Cary, NC. If you are considering a move to Cary please feel free to connect with us to help with your relocation or any questions you may have 10 Reasons to Love Living in Cary: Community People Education Jobs Safety Family Weather Af

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3 Ways Our Customers Are Winning With Conditional Logic Forms

GoForrmz

Discover how GoFormz users are leveraging conditional logic forms to gather better data, faster Digitizing your work forms can drastically improve your operation’s data entry. Digital forms not only provide a more professional, modern means of documentation but also allow form builders to ensure information is entered more completely and accurately.

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Inflation Hits 39-Year High

Eyes on Housing

Led by higher prices for shelter and used vehicles, consumer prices soared by 7.0% in December from a year ago. It was the largest year-over-year gain since June 1982. However, energy prices fell in December, ending a long series of increases. Supply-chain constraints and strong consumer demand related to the pandemic and the reopening of the economy have contributed to.