Housing Wire

OCTOBER 22, 2021

Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of all home purchases a year prior. Despite such a large year-over-year change, it is still slightly lower than Q1 2021 , in which investors held 15.9% of the market.

Investors 545

Investors Real Estate Marketing Housing Market 545

Sacramento Appraisal Blog

OCTOBER 18, 2021

Let’s talk about Zillow. I’ve been getting a TON of questions every week about what Zillow is doing and whether appraisers can use their purchases as comps. Big news: First off, yesterday news broke that Zillow would be suspending buying anything else until 2022. Based on articles and a few conversations with locals in the […].

Appraisal 373

Appraisal Investors Marketing 373

Appraisal Buzz

OCTOBER 20, 2021

In today’s Buzzcast, we dive into the recent phone scam that has been targeting appraisers. Today we have Joan Trice, Founder of Alterra Group, and Alan Pair, Chief Appraiser of SVP Valuations. We’ll be getting the inside scoop while they discuss what to do if you receive a call. Why and how are appraisers being targeted? Where can I go if I think I’ve given out sensitive information?

Appraisal 370

Appraisal Valuation 370

George Dell

OCTOBER 20, 2021

No report. Can it be? Does modernized appraisal require a modernized report? And how about non-appraiser appraisals (valuations)? (Here we use the word ‘appraisal’ in its generic public meaning.) In the past, our thinking, expectations, laws and regulations, have separated the development of an appraisal from the report of an appraisal. In the past, that separation […].

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Modernization Law Valuation Appraisal 195

Housing Wire

OCTOBER 18, 2021

I’ve been hearing some chatter lately that the uptick in home buying that started in February of 2020 (before COVID, by the way) and has continued into 2021 is being substantially driven by a national emotional state of fear of missing out (FOMO). Now, I understand emotional eating (me, plus Halloween, plus a big bowl of Reese’s Peanut Butter Cups for instance) and even emotional buying (still whittling down hand sanitizers).

Housing Market 534

Housing Market Marketing Real Estate 534

The Appraiser Coach

OCTOBER 19, 2021

A question that comes up quite often on the forums is what to do about garages that have tandem spaces, what to do about two car garages that can really. Read More.

Advertising 195

Advertising Real Estate Agent Government Business 195

Eyes on Housing

OCTOBER 22, 2021

Home building, like other U.S. industries, has been dealing with the supply side challenges of labor and material shortages. Unlike other industries, however, home builders confront an additional challenge in obtaining lots on which to build. In a recent NAHB survey, 76 percent of builders reported that the overall supply of developed lots in their areas was low to very.

Development 197

Development 197

Housing Wire

OCTOBER 18, 2021

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Sandra Thompson, acting director of the FHFA, said both Fannie Mae and Freddie Mac will allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans starting in early 2022.

Appraisal 525

Appraisal Appraisal Process Valuation Mortgage 525

GoForrmz

OCTOBER 22, 2021

Digital data capture enables telecommunication companies to streamline workflows from end-to-end, improving customer satisfaction The GoFormz platform provides various telecommunication teams and their clients with a highly professional, efficient way of communicating. Check out these three ways digital data capture can enhance your telecom workflows: Automate your workflow end-to-end with Automated Workflows GoFormz workflows process incoming data and move it between integrated business systems

Tools 155

Tools Clients Inspection Inventory 155

Appraisal Buzz

OCTOBER 22, 2021

The national delinquency rate has fallen below 4.0 percent for the first time since COVID-19 started messing up the world. Black Knight, in its “first look” at September’s mortgage performance data, says the rate in September, 3.91 percent, represents a reduction of more than 41 percent from September of 2020 and is 2.25 percent below the August level.

Appraisal 195

Appraisal Mortgage 195

Eyes on Housing

OCTOBER 20, 2021

NAHB analysis of the Census Bureau’s quarterly tax data shows that $703.5 billion in taxes were paid by property owners in the four quarters ending Q2 2021.[1] Four-quarter property tax revenues have climbed 13.2% since decreasing 0.2% in Q2 2020 (the first decrease since 2012). Year-over-year growth of four-quarter property tax revenue has accelerated each of the past four quarters.

Property Taxes 162

Property Taxes Local Properties Government Real Estate 162

Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. Most economists believe they’ll continue to climb. “Mortgage rates continued to rise this week due to the trajectory of both the economy and the pandemic,” Sam Khater, Freddie Mac’s chief economist, said in a statement.

Mortgage 446

Mortgage Supply Chain Inventory Development 446

GoForrmz

OCTOBER 18, 2021

“ Where we are today as a company is completely different from where we were prior to GoFormz – our employees and customers are extremely happy with the platform. ” — Timo Möller, General Manager, Indrutec Indrutec. Challenge: Indrutec frequently battled with illegible print and missing documentation, resulting in delayed customer invoices.

Clients 154

Clients Business 154

Appraisal Buzz

OCTOBER 22, 2021

Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for first-time buyers looking to get into the market. According to Bank of America’s 2021 Homebuyer Insight report—which puts first-generation homeowners in the spotlight—found that families play … The post Prospective Buyers Cite Down Payment, High Prices as Barriers appeared first on DSNews.

Buyers 195

Buyers Appraisal Marketing 195

DataMaster

OCTOBER 19, 2021

It is not enough to be busy, so are the ants. The question is: What are we busy about? Henry David Thoreau. We’re busier than we’ve ever been. How often have you talked to a friend about how busy you’ve been? How many important items do you have to get done? It’s one of those funny (not funny-haha ) paradoxes. We have so many tools out there to help us but they never seem to help us feel more at ease.

Business 148

Business Tools Technology Appraisal 148

Housing Wire

OCTOBER 21, 2021

An overwhelming majority of surveyed seniors revealed that they would prefer to age in place in their current home, as opposed to moving into some kind of an assisted living facility. This is according to a new “Importance of Home” survey released this week by American Advisors Group (AAG), the leading reverse mortgage lender in the United States based on industry endorsement data.

Design 417

Design Mortgage 417

Eyes on Housing

OCTOBER 19, 2021

Total housing starts decreased 1.6% in September, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single-family starts were flat for the month, while overall multifamily starts declined in August. The August total starts reading of 1.56 million starts is the number of housing units builders would begin if development kept this.

Development 145

Development 145

Appraisal Buzz

OCTOBER 22, 2021

Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for first-time buyers looking to get into the market. According to Bank of America’s 2021 Homebuyer Insight report—which puts first-generation homeowners in the spotlight—found that families play … The post Family Is an Important Factor for First-Time Homebuyers appeared first on theMReport.com.

Buyers 195

Buyers Appraisal Marketing 195

GoForrmz

OCTOBER 18, 2021

Digital childcare forms expedite daycare enrollment processes and enhance data collection Eliminate administrative burdens and elevate the onboarding process of new parents and children with digital childcare forms. Adding these top five features to your digital forms is easy and introduces new efficiencies and opportunities to your teams – check out the features we’ve highlighted below and incorporate them into your digital childcare forms today.

Business 128

Business Clients 128

Housing Wire

OCTOBER 19, 2021

Over the past few years, politics has become an increasing polarizing subject, so it should come as no surprise that it is influencing recent homebuyers’ decisions of where they want to live. The passage of the so-called “heartbeat bill” in Texas and similar laws in other states, access to legal and safe abortions has become a major concern for some recent movers.

Law 417

Law Legal Real Estate Agent Real Estate 417

Eyes on Housing

OCTOBER 20, 2021

The last month of mortgage purchasing and refinancing activities, as reflected in the Mortgage Bankers Association’s (MBA) latest weekly application surveys1, shows a rise in purchase applications and a decrease in refinancing as compared to the prior month’s activity. The 30-year fixed-rate mortgage rate increased, averaging close to 3.15 percent for the month, and was 3.2 percent in the latest.

Mortgage 117

Mortgage 117

Appraisal Buzz

OCTOBER 22, 2021

Citing the need to closely monitor foreclosure numbers after the Federal Foreclosure Moratorium expired in July, Black Knight has revealed a “first-look” at its data for September 2021. According to the preliminary release, the national delinquency rate fell to 3.91% in September, down 2.3% from August and 41.3%. This is the first time delinquency rates have been below 4% in the last … The post Foreclosure Starts Reverse Course in September appeared first on DSNews.

Appraisal 195

Appraisal 195

Appraiserblogs

OCTOBER 21, 2021

The desktop appraisals are not necessarily more reliable, which could become an adverse issue for appraisers in the future… Appraisers, we learned about this late on Monday, Oct. 18, 2021: Sandra L. Thompson, acting director of the Federal Housing Finance Agency (FHFA) appeared before the Mortgage Bankers Association annual conference on Monday.

Appraisal 110

Appraisal Inspection Valuation Finance 110

Housing Wire

OCTOBER 20, 2021

Since Rohit Chopra was confirmed as the new director of the Consumer Financial Protection Bureau (CFPB) in September, there’s been one particular word on the lips of mortgage executives. And it gives them chills: redlining. “We are going to see a lot of emphasis on redlining: when you’re actively, intentionally separating out areas that you choose not to do business,” Troy Garris, co-managing partner at Garris Horn LLP , said during a panel in the Mortgage Bankers Associa

Mortgage 407

Mortgage Business Lending 407

Valuation Review

OCTOBER 20, 2021

Pending home sales rebounded in August, recording significant gains after two prior months of declines, according to the National Association of Realtors (NAR). Each of the four major U.S. regions mounted month-over-month growth in contract activity. Read on for more from NAR.

Contracts 111

Contracts Realtors 111

Appraisal Buzz

OCTOBER 22, 2021

Rohit Chopra will testify before the Senate Committee on Banking and provide an update on the latest actions the Bureau is taking to protect the nation’s consumers. The post The Week Ahead: New CFPB Chief to Deliver Report to Congress appeared first on DSNews. The post The Week Ahead: New CFPB Chief to Deliver Report to Congress appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Urban

OCTOBER 20, 2021

How can we level the playing field for prospective owner-occupants?

Investors 148

Investors 148

Housing Wire

OCTOBER 18, 2021

Forbearance declined across the board this week as government agencies and industry stakeholders chart a path out of forbearance and into loss-mitigation. The total number of loans still in forbearance was down 34 basis points from 2.62% of servicers’ portfolio volume the prior week to 2.28% the week ending Oct. 10, 2021, per the latest report from the Mortgage Bankers Association.

Government 407

Government Investors Finance Design 407

Empire Appraisal Group

OCTOBER 21, 2021

Investor Invasion: Profit-Minded Home Buyers Flock to S. Fla. Sky Noir Photography by Bill Dickinson. By Rebecca San Juan. Redfin: Home purchases by investors in Miami and Fort Lauderdale jumped over 90% in 2Q 2021 compared to 2Q 2020; the 2020 numbers were impacted by COVID-19. MIAMI – Kaley Tuning and her husband began to invest in real estate in 2017 with the purchase of a modest home.

Investors 78

Investors Buyers Real Estate Advertising 78

Appraisal Buzz

OCTOBER 22, 2021

ATTOM, a national property database company, has released its special Q3 Coronavirus Report highlighting county-level data from housing markets across the country that are vulnerable to damage from the ongoing pandemic which is still affecting the real estate markets. The report found that of the-50 top counties that were found to be most vulnerable, over half were located in Delaware, Illinois, and New Jersey.

Real Estate 195

Real Estate Housing Market Appraisal Marketing 195

Valuation Review

OCTOBER 20, 2021

California Gov. Gavin Newsom signed AB Bill 948, and other bills, on Sept. 28 to boost housing production across California, complementing the governor’s $22 billion housing affordability and homelessness package and ongoing work by the state to spur more housing production, tackle barriers to construction and hold local governments accountable. Appraisal Institute President Rodman Schley reached out to Valuation Review with his thoughts on this legislation.

Valuation Review 78

Valuation Review Valuation Construction Government 78

Housing Wire

OCTOBER 21, 2021

The Consumer Financial Protection Bureau (CFPB) issued a series of orders Thursday that will require large tech companies to hand over information on their payments systems to better understand how these firms manage and access users personal data. “Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits,” said CFPB Director Rohit Chopra.

Advertising 395

Advertising Business Technology Marketing 395

DataMaster

OCTOBER 19, 2021

It is not enough to be busy, so are the ants. The question is: What are we busy about? Henry David Thoreau We’re busier than we’ve ever been. How often have you talked to a friend about how busy you’ve been? How many important items do you have to get done? It’s one of those funny (not funny-haha ) paradoxes. We have so many tools out there to help us but they never seem to help us feel more at ease.

Business 78

Business Tools Technology Appraisal 78

Appraisal Buzz

OCTOBER 22, 2021

An upcoming virtual session from the Joint Center for Housing Studies of Harvard University will examine how renters responded to the financial hardships brought upon by COVID-19. The post The Week Ahead: The Pandemic’s Impact on the Rental Market appeared first on theMReport.com. The post The Week Ahead: The Pandemic’s Impact on the Rental Market appeared first on Appraisal Buzz.

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Marketing Appraisal 195