Housing Wire

SEPTEMBER 23, 2021

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter of 2020. The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO).

Home Value 545

Home Value Mortgage Investing Marketing 545

Sacramento Appraisal Blog

SEPTEMBER 21, 2021

Are buyers finally gaining more power? Yes. The truth is the market is still ultra-competitive, but there is a slightly better chance buyers can get into contract these days and maybe not pay as much above the asking price (maybe). Teaching my favorite class: On September 28th from 9am-12pm I’m teaching my favorite class at SAR […].

Buyers 401

Buyers Housing Market Marketing Contracts 401

Appraisal Buzz

SEPTEMBER 21, 2021

This content is password protected. To view it please enter your password below: Password: The post Protected: Capital One is hiring a Sr. Manager-level Commercial Real Estate Reviewer! appeared first on Appraisal Buzz.

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Real Estate Appraisal 396

George Dell

SEPTEMBER 22, 2021

Modernized Appraisal is a necessary part of coming lending regulation. Some think old methods are just fine. Others think advanced quantitative methods are necessary. What to do? Most of us started out learning about things like median, mean, maximum, minimum, and even standard deviation. “Descriptive statistics” they called it. Our teachers also showed us pretty […].

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Modernization Valuation Lending Appraisal 195

Housing Wire

SEPTEMBER 21, 2021

American suburbs surrounding the nation’s 50 largest metropolitan areas gained a total of 4.7 million new residents since 2010, with 3.7 million of them renters, according to a report by nationwide apartment search website RENTCafé on U.S. Census Bureau data. Today, an estimated 21 million people rent a suburban home in one of 50 largest metros. On average, renters made up 39% of the suburbs surrounding these metros.

Marketing 461

Marketing Housing Market Real Estate 461

The Appraiser Coach

SEPTEMBER 21, 2021

Small changes can lead to big improvements. At some point, within almost every coaching session, I believe that some version of this topic comes up. I’ll suggest a fairly minor. Read More.

Advertising 195

Advertising Government Real Estate Agent Business 195

Eyes on Housing

SEPTEMBER 24, 2021

The latest Federal Reserve Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that in the second quarter of 2021 the aggregate market value of all owner-occupied real estate in the United States registered the largest quarterly increase in the last 21 years of data. From $33.8 trillion in the first quarter of 2021, real estate.

Market Value 167

Market Value Real Estate Marketing Mortgage 167

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage 450

Mortgage Inventory Construction Technology 450

The Robert Weiler Company

SEPTEMBER 23, 2021

When it comes to commercial real estate – both across the US and here in Columbus, Ohio – the diversity of enterprises and sheer size of the industry can be staggering. In fact, according to the US Energy Information Administration, there are an estimated 5.9 million commercial buildings in the US for a total of 97 billion square feet. By comparison, an Olympic-sized pool contains 13,455 square feet.

Retail 158

Retail Real Estate Business Training 158

Appraisal Buzz

SEPTEMBER 21, 2021

Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however, multifamily numbers were driving the results. Housing permits were issued at a seasonally adjusted annual rate of 1.728 million units, a 6.0 percent increase from the 1.630 million permit rate (revised down from 1.635 million) in July and 13.5 percent higher than the 1.522 million number in August 2020.

Construction 370

Construction Appraisal 370

GoForrmz

SEPTEMBER 21, 2021

Streamline your construction workflow by integrating your GoFormz digital forms with Acumatica Improving your construction operation’s efficiency, communication, and professionalism begins with digitizing critical documents and workflows. Job site documentation is a common obstacle to productivity for construction operations – forms take ages to complete, require manual delivery and processing, and are often riddled with errors.

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Construction Clients Business 158

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion.

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Supply Chain Inventory Government New Listings 420

Eyes on Housing

SEPTEMBER 22, 2021

As tight inventory continued to push up prices, existing home sales fell in August but remain above pre-pandemic levels, according to the National Association of Realtors (NAR). Though the median existing home prices has increased 34% since January 2020, housing demand remains strong thanks to low mortgage rates and buyers are waiting for more inventory.

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Inventory Realtors Buyers Mortgage 153

Appraisal Buzz

SEPTEMBER 21, 2021

The final day of the Five Star Conference 2021 featured two educational Labs geared toward servicing professionals, as they look to technology and its role in the future of the foreclosure process. The post Five Star Conference Labs Highlight Innovations in the Servicing Sector appeared first on DSNews. The post Five Star Conference Labs Highlight Innovations in the Servicing Sector appeared first on Appraisal Buzz.

Technology 370

Technology Appraisal 370

GoForrmz

SEPTEMBER 22, 2021

Expedite service requests and enrich your digital forms with these impactful fields and features Many industries utilize digital service tickets in their own unique way. Whether it’s large corporations using digital service tickets within their IT departments or auto repair shops capturing service quotes, an incredible variety of businesses can benefit from digitizing their paper-based service forms.

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Clients Business 153

Housing Wire

SEPTEMBER 22, 2021

The average borrower has drastically changed throughout the years. Today, more borrowers are self-employed, work remotely and have multiple streams of income. For brokers, working with these borrowers can be complicated because they require unique processes. HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s average homebuyer.

Finance 370

Finance Technology Lending Mortgage 370

Valuation Review

SEPTEMBER 22, 2021

As we’ve come through a full year living under pandemic conditions, what are some of the specific challenges for appraisers moving past COVID-19? ValueScape Analytics CEO William Leveson-Gower shares with Valuation Review his thoughts on this matter, and much more. Read on for the complete conversation.

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Valuation Review Appraisal Valuation 142

Appraisal Buzz

SEPTEMBER 21, 2021

Small changes can lead to big improvements. At some point, within almost every coaching session, I believe that some version of this topic comes up. I’ll suggest a fairly minor … Read More. The post Small Equals Big appeared first on Appraisal Buzz.

Appraisal 369

Appraisal 369

Eyes on Housing

SEPTEMBER 22, 2021

Nonfarm payroll employment increased in 31 states in August compared to the previous month while 19 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased at a slower rate by 235,000 in August, following an upwardly revised increase of 1,053,000 jobs in July. On a month-over-month basis, employment.

Construction 140

Construction Marketing 140

Housing Wire

SEPTEMBER 22, 2021

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the Mortgage Bankers Association. Refis were on the front foot again. The increase in application activity is quite different from the MBA’s survey published in early September , which saw application volume decline by 1.9%, dragged down in part by low refi activity and unexpectedly low purchase volume.

Inventory 385

Inventory Construction Mortgage Marketing 385

GoForrmz

SEPTEMBER 20, 2021

We’re gearing up for a month of exciting virtual events! Next month, the GoFormz team will be sponsoring two impactful events in the construction space: Procore’s Groundbreak and Autodesk University. Will we see you there? Check out the information below to learn more: GoFormz + Groundbreak Procore’s Groundbreak is one of construction’s most anticipated events, featuring top industry leaders, a plethora of insightful sessions (ranging from safety to efficiency and beyond), and a wide variety of

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Construction 134

Appraisal Buzz

SEPTEMBER 24, 2021

This week, NAR releases its pending home sales report for August gauging how the third quarter of 2021 concluded in a red-hot year for the housing market. The post The Week Ahead: Did Home Sales Fizzle Out to End Q3? appeared first on theMReport.com. The post The Week Ahead: Did Home Sales Fizzle Out to End Q3? appeared first on Appraisal Buzz.

Housing Market 195

Housing Market Appraisal Marketing 195

Eyes on Housing

SEPTEMBER 22, 2021

The Federal Reserve has been supporting the housing market during the virus crisis, the 2020 recession, and the subsequent, ongoing recovery via asset-backed purchases (among other tools), including $40 billion a month of mortgage-backed security (MBS) purchases. These MBS purchases have held interest rates lower than they otherwise would have been.

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Tools Housing Market Mortgage Marketing 126

Housing Wire

SEPTEMBER 24, 2021

It’s no secret that housing is in short supply. According to Realtor.com , the country is a whopping 5.24 million homes short. And total active listings? Those are down 24% over the year. To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for.

Lending 381

Lending Renovations Finance Investors 381

Appraiserblogs

SEPTEMBER 20, 2021

Could this be another reason why so many real estate appraisers refuse to do bifurcated hybrid appraisals? Recently, a Mueller Services ‘inspector’ posted a comment on the article titled “Mueller Sample Report. You Decide!“ Could this be another reason why so many real estate appraisers refuse to do bifurcated hybrid appraisals?

Appraisal 113

Appraisal Real Estate Appraisal Process Training 113

Appraisal Buzz

SEPTEMBER 24, 2021

Forty percent of survey respondents report that they are “barely covered” in the event of a natural disaster. The post Most Americans Unprepared for Future Natural Disasters appeared first on DSNews. The post Most Americans Unprepared for Future Natural Disasters appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Eyes on Housing

SEPTEMBER 22, 2021

A reversal is taking place in the construction pipeline. Since early 2013, there have been consistently more multifamily units (residences within 2+ unit properties) under construction relative to single-family homes. This was due to multifamily construction recovering more quickly in the years after the Great Recession, as well as years of underbuilding in the single-family sector.

Construction 105

Construction 105

Housing Wire

SEPTEMBER 23, 2021

Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this week. The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology.

Valuation 363

Valuation Technology Appraisal Modernization 363

Appraiserblogs

SEPTEMBER 22, 2021

“Digitizing the entire appraisal process”… what does this even mean? No more tape measures? No more typing? What exactly is being digitized that is not already digitized?… This is what Class Valuation appears to be doing to justify their actions. According to the article written by Richard Torne in Mortgage Professional America, Class Valuation has announced the acquisition of DataMaster.

Appraisal 103

Appraisal Valuation Appraisal Process Mortgage 103

Appraisal Buzz

SEPTEMBER 24, 2021

Stagnant wages and rising valuations lead to less affordable homes for most of the U.S. . The post Price Runup Causes Home Affordability to Slip Again appeared first on theMReport.com. The post Price Runup Causes Home Affordability to Slip Again appeared first on Appraisal Buzz.

Valuation 195

Valuation Appraisal 195

Urban

SEPTEMBER 22, 2021

Where are people protected by source-of-income discrimination laws?

Law 149

Law 149

Housing Wire

SEPTEMBER 21, 2021

National homebuilding titan Lennar is comfortably profitable, but company executives lament that a struggle to procure construction materials keeps them from doing more. “The supply chain for construction is significantly stressed and that will continue for the 4 th quarter and beyond,” said Stuart Miller, chairman of Lennar during a company earning’s call Tuesday.

Supply Chain 357

Supply Chain Construction Marketing Real Estate 357

McKissock

SEPTEMBER 21, 2021

From opening up restaurants for dine-in service to loosening restrictions on travel, the country is getting back to normal in a mostly post-pandemic world. However, some things may never go back to “normal” — like the way we work. Over the past year, working from home transitioned from “temporary” to a new norm many companies have begun to not only accept but openly embrace.

Real Estate 94

Real Estate Real Estate Agent Marketing Landlords 94

Appraisal Buzz

SEPTEMBER 24, 2021

The results of Freddie Mac ’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 2.88%. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” observes Sam Khater, Freddie Mac’s chief economist. “This has led to a rise in foreign investor purchases of U.S.

Mortgage 195

Mortgage Investors Appraisal Marketing 195