Sat.Aug 21, 2021 - Fri.Aug 27, 2021

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Home sales beat estimates: no housing crash in sight

Housing Wire

The National Association of Realtors reported 5.99 million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Mother demographics and low mortgage rates , two things that have been transparent to human beings for a long time, are powerful economic forces. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

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Have You Ever Calculated Your Hourly Rate?

Appraisal Buzz

One of the most important math calculations in an entrepreneurs toolbox is knowing what the value of an hour is worth. We tend to call this calculation ‘dollars per hour,’ as in, “I just billed out $200 per hour,” or “I make $100 per hour.” We hear and see this fairly frequently in forums where appraisers are talking about bidding on work and how much one should aim for when deciding how much to bid on an appraisal order.

Appraisal 435
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How bedroom value adjustments DO NOT work

Sacramento Appraisal Blog

How much is a bedroom worth? What sort of adjustments do you give when looking at two houses with a difference of one bedroom? It’s always $10,000, right? Or wait, someone else said $20,000. What’s the truth? Let’s talk about this today. I’d love to hear your take in the comments. SacBee presentation: This week […].

Appraisal 421
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Get Non-Lender Work with Video

The Appraiser Coach

As a coach, I’m teaching appraisers on a constant basis. A lot of them are interested in doing non-lender work but they aren’t sure how to attract that work. Really, Read More.

Appraisal 370
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Inside Figure and Homebridge’s massive bet on blockchain

Housing Wire

Mike Cagney, co-Founder at Figure Technologies. Peter Norden, the CEO of Homebridge Financial Services , has been waiting a long time to do something truly unique in the mortgage business. Decades. “I’ve always struggled with finding a way to be different than my competition,” Norden, a 43-year veteran of the business, said. “Because the reality is, when you really look at it, all mortgage bankers sell pretty much the same products.

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Stewart Strengthens Analytics Abilities with Informative Research Acquisition

Appraisal Buzz

Stewart Information Services Corp. is acquiring Informative Research (IR), a credit, consumer and real estate data and technology services provider. IR serves more than 3,000 customers across the U.S. The purchase price is $192 million and will be funded with available company resources. The transaction is expected to close following the appropriate regulatory review and will be immediately accretive to Stewart’s earnings.

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Track Employee Overtime with These Features

GoForrmz

Eliminate hourly employee tracking headaches with these powerful GoFormz features Tracking employee overtime with timecards, timesheets, and more is a crucial operational function when recording and monitoring employee hours within a pay cycle. Oftentimes, time tracking solutions force you to choose between an option that is too costly for the business or an option that creates extra steps, resulting in an inefficiency problem as well as a higher chance for human error.

Business 167
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Positive revisions boost new home sales report

Housing Wire

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 months and 5.9 months on the more critical three-month average. I focus on the monthly supply as being the most critical data for the new-home market. The new home sales market is a small but essential part of the overall market and the economy. I have long said that the builders don’t build for the existing home sales market; they build based on demand for their specific products.

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Biden’s Eviction Moratorium Blocked After Supreme Court Ruling

Appraisal Buzz

The U.S. Supreme Court has put a stop to the extension of the eviction moratorium by the CDC, with tenants losing vital protections. The post Biden’s Eviction Moratorium Blocked After Supreme Court Ruling appeared first on theMReport.com. The post Biden’s Eviction Moratorium Blocked After Supreme Court Ruling appeared first on Appraisal Buzz.

Tenants 370
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Rebound for Multifamily Starts

Eyes on Housing

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts remained elevated at 95.2% during the second quarter of 2021. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period.

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August Newsletter-Slowing Down

DW Slater Company

Enjoying a Corpus Christi Beach. As summer begins to wind down and we enjoy those few days of sun and beach, fall is just around the corner. Most schools in our area have started back and life is trying to settle into some sense of normalcy. Since we are still dealing with the pandemic and the delta variant has hit our area, the sense of normalcy is fragile at best.

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Another $15K first-time homebuyer tax credit bill emerges

Housing Wire

The much-talked-about $15,000 first-time homebuyer tax credit has made another appearance in Washington, D.C., this time as part of a housing bill introduced in the U.S. Senate. Though certain provisions of the bill contain some of the boldest proposed housing policy changes on record, affordable housing advocates say there’s one critical shortcoming.

Buyers 433
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Supreme Court Halts CDC’s Eviction Moratorium

Appraisal Buzz

By a 6-3 vote, the U.S. Supreme Court has put an end to the CDC’s eviction moratorium, as an estimated seven million Americans remain delinquent on their housing payments due to pandemic-related issues. The post Supreme Court Halts CDC’s Eviction Moratorium appeared first on DSNews. The post Supreme Court Halts CDC’s Eviction Moratorium appeared first on Appraisal Buzz.

Appraisal 370
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MBA Data Indicates Large Declines for Past Due and Seriously Delinquent Loans

Eyes on Housing

According to the Mortgage Bankers Association’s (MBA) fourth quarter National Delinquency Survey (NDS), on a seasonally adjusted basis, the percentage of loans past due decreased from 6.38% in the first quarter to 5.47%. State-level data of the past due loan category reveal that all states had reduced their count of past-due loans. The states that experienced the largest numerical declines.

Mortgage 167
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Bedroom Counts And Home Values – A Very Big Deal!

JMV Lending

WHAT CONSTITUTES A BEDROOM? I wrote a blog last year called What Constitutes A Bedroom? in response to an agent who was angry b/c our appraiser refused to deem a 42 square foot (sf) room “a bedroom.” The appraisal came in low b/c the house was correctly deemed a two-bedroom instead of a three-bedroom, as […]. The post Bedroom Counts And Home Values – A Very Big Deal!

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Are home updates actually worth it right now?

Housing Wire

Should you update your home before putting it on the market? Three in four homeowners say they’d rather replace their appliances than accept a low offer on their home, according to a study by Cinch Home Services. . Cinch Home Services surveyed over 1,000 homeowners and renters to figure out how important updates are in the homebuying process. And they discovered that a majority of homeowners think upgrading their appliances will increase their home value by almost $14,000. .

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Alterra Promotes Marc Hernandez to President

Appraisal Buzz

Company leaders say the former EVP is one of just a handful of Hispanic Presidents in independent mortgage banking and that the move reflects a commitment to diversity. The post Alterra Promotes Marc Hernandez to President appeared first on theMReport.com. The post Alterra Promotes Marc Hernandez to President appeared first on Appraisal Buzz.

Appraisal 370
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Employment Situation in July: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 47 states and the District of Columbia in June compared to the previous month while three states (Oklahoma, Kentucky, and Tennessee) lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 943,000 in July, following an upwardly revised increase of 938,000 jobs in June.

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Spotlight Form: The Patient Feedback Form

GoForrmz

Easily gather patient feedback with online forms and digital data capture Digital and online forms provide a convenient way to collect patient feedback and quickly address patient concerns. Leveraging our HIPAA-secure edition , your practice can easily digitize its existing work forms for secure use on phones, tablets, and computers – or start from scratch and build entirely new forms in our online form builder.

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The problem with banning pocket listings

Housing Wire

This is Part 1 of HousingWire’s two-part series examining the National Association of Realtors ’ clear cooperation policy, better known as a ban on pocket listings, or homes not marketed on Multiple Listings Service. Part 1 looks at the history of NAR’s mandate and the labyrinthine network of MLSs that ostensibly sought the pocket listings ban and are now supposed to enforce it.

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Weekly Forbearance Volume Drops

Appraisal Buzz

Still, the number of on-hold home loans continues to decrease on a month-over-month basis, and more than 400k plans expire next month. The post Weekly Forbearance Volume Drops appeared first on DSNews. The post Weekly Forbearance Volume Drops appeared first on Appraisal Buzz.

Appraisal 370
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The FHA’s New Loss Mitigation Waterfall Will Offer Much-Needed Relief to Borrowers Exiting Forbearance

Urban

Evidence suggests the FHA’s low-documentation modification will greatly improve the take-up rate and increase the number of successful modifications.

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5 Ways Digital Forms Can Streamline New Hire Onboarding

GoForrmz

Streamline new hire onboarding processes with digital and online forms New hires have come to expect a streamlined onboarding process. The old ways of filling out form after form in person have given way to the new and improved efficiency, speed, and convenience of digital forms and online applications. With digital forms, you can easily collect necessary new hire information and store digital data instantaneously for easy-to-reference information.

Training 155
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How do we bring in the next generation of mortgage professionals?

Housing Wire

Mortgages changed my life. Like most mortgage industry professionals, I fell into the business. Most of us don’t grow up telling everyone that we want to change the world by selling, processing, underwriting and closing mortgages. Unless, perhaps, you are my five-year-old daughter and six-year-old son. They both make it known that they will “do mortgages with mom” while they build skyscrapers and run the country.

Mortgage 441
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Rates Higher This Week, But leveled Off Today; Not Out of Woods Yet

Appraisal Buzz

Bonds Leveling Off But Not Out of The Woods Bonds began the day with a test of the important technical ceiling at 1.37% in 10yr yields. With some help from geopolitical risk due to bombings in Kabul, bonds managed to stay fairly calm with the 10yr just a hair better than ‘unchanged’ at the 3pm CME close. MBS also found their footing and were 2 ticks (0.06) higher at the same time.

Appraisal 370
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High Housing Costs and the Consequences

DataMaster

Housing Costs Keep Rising! Introduction. The rise in the cost of housing has many Americans worried. As housing consumes an increasing percentage of a household’s income, other areas of individual and family lives are negatively affected. The effects of less money for necessities and extras will grow as more and more households become cost-burdened.

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At age 97, one appraiser’s plan is to keep ‘doing what she can’

Valuation Review

Ernestine Kehl has truly spent a lifetime enjoying her personal and professional experiences. Valuation Review was honored to speak with Kehl about her career, which includes periods in real estate and appraising. Read on to find out more.

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How new analytics can help lenders expand access to mortgage credit

Housing Wire

As the economic recovery from COVID-19 continues, conflicting trends in mortgage credit availability have emerged. The Federal Reserve Bank of New York reports that the number of mortgages reached its highest level to date in 2020, with $1.2 trillion in new home loans in the fourth quarter of 2020 alone. At the same time, the Mortgage Bankers Association’s Mortgage Credit Availability Index dropped precipitously in 2020 and declined another 8.5% this June. .

Mortgage 414
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Deephaven Promotes Mack Walker to SVP, Director of Capital Markets

Appraisal Buzz

Mack Walker has been promoted to senior vice president, director of capital markets at Deephaven , a non-QM lender. He joined the company six years ago and was previously vice president, capital markets. In his new position, Walker is charged with driving the growth and profitability of all Deephaven sourcing channels, including product development and the delivery of non-QM assets into the secondary market.

Marketing 370
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These 5 Real Estate Niches Are the Most Profitable

McKissock

How much do real estate agents make? We surveyed agents across the country and found a lot of the time, the answer to that question depends on what niche they’re in. According to our nationwide survey, there can be as much as a $35,000 difference in average earnings depending on what real estate agents specialize in. How much do real estate agents make?

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7 Questions You Should Be Asking When Buying A House

Raleigh Realty

Questions To Ask When Buying A House Wondering what questions to ask when buying a house? Here's everything you need to know about buying a home Whether you are a first-time home buyer or a seasoned veteran of the housing market, buying a house is no small undertaking. It can be very easy to start looking at homes and begin to fall in love with them before considering the more practical components of the sale.

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Rental assistance isn’t reaching at-risk tenants

Housing Wire

The Emergency Rental Assistance Program , created to help renters quash their missed payments, is disbursing the $46.5 billion allocated to the program at a snail’s pace. The month of July saw a mere $1.7 billion made available to eligible households by state and local agencies, and though this marks an increase from the $1.5 billion allocated in June, the speed of distribution needs to improve, according to the Treasury Department.

Tenants 404
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ServiceLink Rolls Out New Closing Technology

Appraisal Buzz

The company reports it is committed to challenging the status quo and delivering smart solutions that benefit the lender and borrower. The post ServiceLink Rolls Out New Closing Technology appeared first on DSNews. The post ServiceLink Rolls Out New Closing Technology appeared first on Appraisal Buzz.

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FAQ: Can I Use List View In The GoFormz Web App?

GoForrmz

Yes, your form’s List View can be used in both the GoFormz Web App and Mobile App We recently released an update to our Template Editor , which now allows users to create a form entirely from scratch in List View – with no form upload or code required! Form View vs List View Your digital form can be configured in two different viewing modes: Form View and List View (or both!).

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