Housing Wire
AUGUST 20, 2021
Have you ever considered the median age of homeowners in your area? According to a study conducted by LendingTree, homeowners gravitate towards specific parts of the country depending on their age. Millennial buyers, for instance, are more prominent in Colorado while older buyers are more likely to put down roots in Ohio. . These are the places with the oldest average homeowners: 1.
Sacramento Appraisal Blog
AUGUST 17, 2021
I have three things on my mind today. I’d love to share a helpful analogy for today’s housing market, let’s talk about unrealistic seller expectations, and then unpack some fresh stats. Real Estate Week: Next week I’ll be taking part in a free video interview with The Sacramento Bee to talk about the insanity of […].
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Appraisal Buzz
AUGUST 16, 2021
Like many busy appraisers, I can spend a lot of time in my own little world just trying to keep my head above water. Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Lately, though, I’ve been trying to carve out some extra time to find out about what other appraisers are saying and doing in this unusual market.
Cleveland Appraisal Blog
AUGUST 20, 2021
If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .
Housing Wire
AUGUST 18, 2021
Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000. Positive revisions to the previous data were made, but not by very much. This mixed bag of results reflects the typical variability in the data that occurs when not too much has been happening in housing except that monthly supply has been rising for the new home sales market.
George Dell
AUGUST 18, 2021
Picking comparable sales is critical. Selecting the ‘best’ four or five ‘comps’ requires experience and training. Appraisal education tells us a good comparable is competitive, similar, and able to be compared. Customary training and practical experience generally focus on analysis and presentation of three to six comparables. Unfortunately, this is NOT what is required by […].
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Cleveland Appraisal Blog
AUGUST 20, 2021
If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past. That way of measuring the market can lead to an opinion of value that is in the ballpark of a home’s market value. However, oftentimes, it does not. .
Housing Wire
AUGUST 17, 2021
For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology.
Eyes on Housing
AUGUST 16, 2021
Over the six months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 589,146. On a year-over-year (YoY) basis, this is a 35.9% increase over the June 2020 level of 433,484. Year-to-date ending in June, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 39.6%, followed by the Midwest (+35.
Appraisal Buzz
AUGUST 20, 2021
Brian Paine has joined Knowledge Coop , which offers compliance training to the mortgage industry, as director of technology. Paine comes to Knowledge Coop after spending nearly four years at PayPal as both a security architect and infrastructure architect. Paine has also served in integral technology roles at Entisys360, Western Precooling, Live Nation, Charles Schwab and Nordstrom.
GoForrmz
AUGUST 19, 2021
Seamlessly share editable digital form drafts with users outside of your GoFormz account to capture event details It’s imperative that event planners and catering companies are effective and efficient when capturing client information and organizing various simultaneous requests. By digitizing and streamlining workflows , event planners and catering service companies can increase efficiency, reduce stress, and access real-time data anywhere, anytime.
Housing Wire
AUGUST 19, 2021
The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. This week’s slight decline tracks closely with downward-trending U.S. Treasury yields.
Eyes on Housing
AUGUST 18, 2021
In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, was supported by refinancing, recovering from the relatively lower levels that were characteristic of the months prior. The gain in refinancing is owed to a sizable drop in the 30-year fixed mortgage, which decreased by 10 basis points to 3.01 percent for.
Appraisal Buzz
AUGUST 20, 2021
Advantage Systems , a provider of accounting and financial management tools for the mortgage industry, has updated its ApprovalSoft solution with a new invoice splitting feature as well as general updates to the system, improving its speed, documentation and automation capabilities. In the company’s latest string of software upgrades, the principal update includes its invoice splitting function.The newest feature allows the user to easily create separate “approvables” for each invoice within an
GoForrmz
AUGUST 18, 2021
Answer: No, you do not have to use the same form fields within both views When it comes to building out your digital forms, there are two different approaches to how you can configure your form layout: Form View and List View. Form View displays your form fields just as a paper form would, and is configured by uploading an existing form to the GoFormz Template editor.
Housing Wire
AUGUST 18, 2021
Mortgage applications decreased 3.9% for the week ending Aug. 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association. Ten-year Treasury yields rose overall but tapered off slightly at the end of last week , and 30-year mortgage rates tracked by the MBA reached 3.06%.
Eyes on Housing
AUGUST 16, 2021
Data from the 2020 Census Bureau’s Survey of Construction (SOC) show that total multifamily units completed in 2020 increased by six percent to 375,000, the largest annual count of multifamily units completed in thirty years. The number of multifamily units completed were divided between 348,000 units built for-rent and 28,000 units built for-sale, increasing in both categories from the prior.
Appraisal Buzz
AUGUST 20, 2021
An analysis of HMDA data by the CFPB has found that closed-end originations increased in 2020 by 65.2%, with much of that spike due attributed to the refinance boom. The post Refis Propel Surge in Originations in 2020 appeared first on theMReport.com. The post Refis Propel Surge in Originations in 2020 appeared first on Appraisal Buzz.
Raleigh Realty
AUGUST 17, 2021
Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is
Housing Wire
AUGUST 20, 2021
Low-fee, team brokerage and alternative models lead the 2021 Inc. 5000 rankings, mirroring the 2021 RealTrends 500 rankings. Some 69 fast growing real estate brokerage firms, teams and alternative models made the list. Top Verticals. Growth. Mortgage. Tech & Solutions. Title. At the top of the real estate/alternative model category, at No. 56, was Big Block Realty , which ranked No. 160 by sides and No. 91 by volume in the RealTrends 500 (RT500).
Eyes on Housing
AUGUST 18, 2021
The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when people want more space and a single-family structure.
Appraisal Buzz
AUGUST 19, 2021
The full-year 2021 real GDP growth forecast has been revised modestly downward due in part to the expectation that COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecast, according to the August 2021 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group.
The Robert Weiler Company
AUGUST 18, 2021
Looking at warehouses for rent in Columbus, Ohio might leave you empty-handed or, at the very least, with an unflattering representation from the good old Oxford English dictionary. The definition reads as follows: “a large building where raw materials or manufactured goods may be stored before their export or distribution for sale.”. Jolly good, right ?
Housing Wire
AUGUST 20, 2021
The mortgage market had a stunning year in 2020, with closed-end originations increasing by 65.2% from the year prior, a Home Mortgage Disclosure Act (HMDA) report published by the Consumer Financial Protection Bureau this week disclosed. But some of the industry’s same problems remained in 2020. According to the report, comprised of data provided by 4,472 financial institutions, the increase was predominantly driven by the refi wave , with originations jumping from 8.3 million in 2019 to
Eyes on Housing
AUGUST 19, 2021
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released y the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) generated from the survey dropped three points to 48 compared to the previous quarter.
Appraisal Buzz
AUGUST 20, 2021
An examination of existing-home sales by NAR will gauge the nation’s housing inventory, as high prices are forcing more to re-consider their purchase decision. The post The Week Ahead: Relief in Store for Housing Supply? appeared first on theMReport.com. The post The Week Ahead: Relief in Store for Housing Supply? appeared first on Appraisal Buzz.
GoForrmz
AUGUST 16, 2021
Quality healthcare requires a client-centric, efficient-focused HIPAA-secure form solution Whether you’ve just created your first HIPAA-secure form in the GoFormz platform or your entire form collection is already digital, these seven features can take your digital forms and data capture to the next level. Checkbox fields - Using Checkboxes, your team can easily note which equipment has been turned in, checked out, or inventory levels.
Housing Wire
AUGUST 19, 2021
Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago. The results are welcome news and run counter to worries that gained traction last year that elevated levels of delinquencies would result in a slew of foreclosures
Urban
AUGUST 16, 2021
Strategies local program administrators can use to speed rental relief delivery as federal eviction protections start to run out
Appraisal Buzz
AUGUST 19, 2021
The strategic acquisition of servicing rights and personnel will benefit rural America’s lending institutions, says CEO Brad Nordholm. The post Farmer Mac Expands Loan Servicing Function appeared first on DSNews. The post Farmer Mac Expands Loan Servicing Function appeared first on Appraisal Buzz.
McKissock
AUGUST 17, 2021
Over the last decade, energy efficiency and sustainability have been advancing in the public consciousness, and green residences have become mainstream in many markets. As people continue to build and retrofit according to more eco-friendly standards, the value of “green” has come into greater demand, presenting an opportunity for real estate appraisers.
Housing Wire
AUGUST 20, 2021
Only 28 private technology companies that provide solutions for mortgage and real estate made it into the 2021 Inc. 5000 list. (Some of these are listed on the Inc. list under Real Estate or Financial Services, but they are tech providers.). Top Verticals. Growth. Mortgage. Real Estate. Title. The top ranked company, OJO Labs at No. 49 , saw an incredible 6767% growth.
JMV Lending
AUGUST 20, 2021
“I just bought the property for $800,000 but it is worth $1,000,000 now, and I would like to refi using the higher appraised value…” We get emails like the above all the time, and sometimes we can garner the higher appraised value. But often we can’t. This is why. APPRAISERS CORRELATE TO PURCHASE PRICE This […]. The post Why Appraised Values Have To “Season” After A Purchase appeared first on JVM Lending.
Appraisal Buzz
AUGUST 18, 2021
In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australia appraisers can learn from each other. Today we have Chris Knight, Founder and CEO of Opteon, with Joan Trice, Founder of Allterra Group, LLC. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.
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