Housing Wire
FEBRUARY 24, 2022
Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. During large-scale disruptions, investors often flee to safer options, such as U.S. Treasury notes, bonds and mortgage-backed securities. All things being equal, that dynamic tends to put downward pressure on mortgage rates.
Sacramento Appraisal Blog
FEBRUARY 22, 2022
The market is going to crash. This time it’s going to be even worse. Have you been seeing more doom and gloom housing headlines? I sure have. This week I’ve had quite a few articles emailed to me. What do you think of this one? What do stats actually show? What do I say to […].
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Appraisal Buzz
FEBRUARY 25, 2022
The number of newly listed homes for sale during the four weeks ending February 20 was down just 2% year over year, according to a new report from Redfin. That’s the smallest decline since mid-November. More new listings were met with hearty demand. Pending sales rose 1%, the first increase since mid-January. The market again set new record highs for home sale prices, asking prices, buyers’ mortgage payments and the share of homes selling.
Cleveland Appraisal Blog
FEBRUARY 24, 2022
Hello everyone! Home businesses are becoming more common these days. This week, I welcome back guest blogger June Duncan, who wrote this article for the Cleveland Appraisal Blog. I hope you enjoy her great tips on moving and starting a home business! Part of running a home business successfully depends on having a home that works well for your lifestyle and your business.
Housing Wire
FEBRUARY 24, 2022
Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If you read our SPAC filings,” Opendoor co-founder Keith Rabois, who is no longer part of company leadership, tweeted in November , “We explained how our algorithms actually work vs.
George Dell
FEBRUARY 23, 2022
The 1004MC “market conditions” appraisal addendum was created by Fannie Mae and Freddie Mac to require a form-based market analysis. This added to the traditional practice to collect a handful of ‘comps’ to opine and foretell market price. There are problems and unintended consequences. The ANSI requirement is that residential appraisers measure houses according to […].
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Appraiser Coach
FEBRUARY 22, 2022
What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.
Housing Wire
FEBRUARY 22, 2022
The S&P CoreLogic Case-Shiller 20-city price index posted a 18.6% year-over-year gain in December, up marginally from 18.3% the previous month. The index increased 1.5% from November 2021. The national home price index showed similar helium, with an 18.8% growth rate between December 2021 and December 2020, basically in line with price growth in November.
Eyes on Housing
FEBRUARY 22, 2022
National home prices grew at an unsustainable pace in December, supported by strong demand and record-low inventory. Home price appreciation is expected to slow in the coming quarters as rising mortgage rates price some homebuyers out of the market. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual.
Appraisal Buzz
FEBRUARY 25, 2022
The Federal Housing Finance Agency (FHFA) has published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage buffer amount (leverage buffer) and risk-based capital treatment of retained credit risk transfer (CRT) exposures for Fannie Mae and Freddie Mac (the enterprises). Specifically, the final rule will replace the fixed leverage buffer equal to 1.5% of an Enterprise’s adjusted total assets with a dynamic leverage buffer equal to
Raleigh Realty
FEBRUARY 19, 2022
One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' and in order to answer that question, you need to understand how Real Estate Agents make money. How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. Your gross income is different than your net income, so make sure you're tracking your expenses.
Housing Wire
FEBRUARY 22, 2022
The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays and leaving builders out of pocket, as the United States’ property fervor drives insatiable demand. . Many people are referring to this time as a ‘profitless boom’ for the building industry.
Eyes on Housing
FEBRUARY 24, 2022
Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. In the fourth quarter, the Multifamily Production Index (MPI) increased one point to 54 from the previous quarter while Multifamily Occupancy Index (MOI) decreased six points to 69.
Appraisal Buzz
FEBRUARY 25, 2022
A new analysis shows the US states with the largest and smallest homeownership gaps by race and ethnicity compared to the statewide rate. Polygon Research and the Homeownership Council of America (HCA) released a new analysis showing the states with the largest and smallest homeownership gaps by race and ethnicity, compared to the statewide rate. … The post Understanding Racial Disparities in Homeownership appeared first on DSNews.
Raleigh Realty
FEBRUARY 19, 2022
How to Find Property Lines Searching for a property lines map? Want to know how to find your property lines for free? We are going to go over some tips and tricks to help you find your property lines online for free, using satellite maps, as well as when it's time to hire a professional to help you find your property lines. Wondering how to find your property lines?
Housing Wire
FEBRUARY 22, 2022
Servicers’ forbearance portfolio volume continued to drop in January, but some borrowers exiting plans are still facing financial challenges. The total number of loans in forbearance decreased by 11 basis points, from 1.41% in December to 1.30% in January, according to the Mortgage Bankers Association (MBA). In total, about 650,000 homeowners were in forbearance plans as of January 31.
Appraiserblogs
FEBRUARY 21, 2022
As Real Estate Appraisers, we are encountering an assault on our profession from the GSE’s with the hybrid appraisal reports, the rollout of the new desktop product and with appraisal waivers. These junk reports and the waivers continue to undermine the public trust in our industry and leave the appraisers exposed to great risk and the consumers left holding the bag if their mortgage goes south.
Appraisal Buzz
FEBRUARY 25, 2022
CoreLogic has released its latest Real Estate Property Tax Delinquency Report, which analyzes real estate property tax delinquency changes on a state levels and nationally. The latest data shows that delinquency rates dropped 0.4% to 5.9%. The report, which measures national and state property taxes delinquency rate percentages ranging from 2011-2021.
Raleigh Realty
FEBRUARY 19, 2022
Buying a House in Raleigh, NC? What you Must Consider: If you're buying a home in Raleigh, NC there are things you must consider BEFORE you start searching for homes for sale in Raleigh. One of the largest reasons some buyers walk away from a home purchase feeling remorseful is because they don't consider everything about purchasing real estate before they jump into it.
Housing Wire
FEBRUARY 23, 2022
Mortgage applications decreased 13.1% for the week ending Feb. 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% from the previous week, bringing its share of total applications to almost equal the purchases share at 50%. Meanwhile, the purchase index dropped 10.1%, falling again for the third straight week.
Eyes on Housing
FEBRUARY 25, 2022
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.
Appraisal Buzz
FEBRUARY 25, 2022
Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reports. Of the four major U.S. regions, only the West registered an increase in month-over-month contract activity. All four regions posted a decline in year-over-year activity. The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, fell 5.7% to 109.5 in January.
Raleigh Realty
FEBRUARY 24, 2022
What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Homes under contract in real estate mean there is a contract on the home and is pending sale OR the home is listed as a contingent real estate listing, it could also mean the property is 'active under contract' as you'll see in Charlotte - All have small differences in th
Housing Wire
FEBRUARY 25, 2022
With refinance volumes anticipated to decrease by 62% this year and many originators experiencing layoffs, lenders are looking for a way to diversify their offerings with non-QM products and gain new business in order to maintain profits. “I think non-QM could be another money-making product for all of these originators,” said Keith Lind, executive chairman and president at Acra Lending.
Appraiserblogs
FEBRUARY 22, 2022
SEE the differences between the THREE versions of the 1004 reports, what I euphemistically call “flavors.” Appraisers, recent watercooler discussions by appraisers focus on the new ‘desktop’ appraisals many will be requested to do. Now that the GSE’s have “formally” approved non-appraiser-inspected reports for first mortgage lending (or will very soon – not sure of the exact effective date), you may want to actually SEE the differences between the THREE versions of the 1004 reports, what I euphe
Appraisal Buzz
FEBRUARY 24, 2022
By many metrics, 2021 was the best year on record for the housing market, millions flocked to the market snapping up anything they could afford due to rising prices and rock-bottom interest rates. But one metric in particular, the U.S. homeownership rate, saw its biggest rise in history—1.3% to 65.5%—the highest increase on record and … The post U.S. homeownership Rate Rises to Post-Recession High appeared first on DSNews.
Raleigh Realty
FEBRUARY 24, 2022
If you are moving to Chapel Hill you are going to find out real fast why people love living here. In fact, we have Chapel Hill on our list of best places to live in North Carolina So let's dive in and learn more about what it's like living in Chapel Hill Chapel Hill has stood since 1871 and has grown into a city with a great deal to offer to any who may be looking for a new place to call home.
Housing Wire
FEBRUARY 22, 2022
With rising interest rates and compressed margins, many lenders are looking to their servicing business to grow revenue. However, working with borrowers exiting forbearance programs adds another layer to an already complex process which could raise costs. Lenders who want to thread the needle between the different interests of borrowers, investors and regulators need smart, efficient mortgage software solutions to meet their servicing goals.
Yolo Solano Appraisal Blog
FEBRUARY 21, 2022
Hey, it’s been a while. Since the start of the pandemic, demand for appraisal services has gone through the roof, limiting my ability to write. Thank you if you’ve sent me work. That said, I hope to write more frequently in 2022. This is the start. Market Analysis Ground Rules Below are market updates for […].
Appraisal Buzz
FEBRUARY 24, 2022
ATTOM released its first-quarter 2022 Vacant Property and Zombie Foreclosure Report showing 1.4 million residential properties throughout the U.S. are vacant. Although foreclosures continue to rise, overall vacancy rates have decreased in 38 states from Q1 of 2021 to Q1 of 2022. The report analyzes publicly recorded real estate data collected by ATTOM, including foreclosure … The post Vacant Homes Slowly Decline as Foreclosures Rise appeared first on DSNews.
Raleigh Realty
FEBRUARY 19, 2022
Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? We have you covered. You've found a home you love, put down an offer you're excited about, and the closing date is fast approaching. Now it's time for the home appraisal. The light at the end of the proverbial tunnel is close. You can practically feel the keys landing in your hand, especially if you're a first-time homebuyer.
Housing Wire
FEBRUARY 25, 2022
This week’s HW+ member spotlight features Chris Heller, chief real estate officer at OJO Labs , who has over 30 years of experience in the real estate industry. From Rookie of the Year in 1989, to serving as CEO for Keller Williams and mellohome , Heller has dedicated his career to delighting homebuyers and supporting agents. As chief real estate officer, Heller oversees all industry partnerships, creating a direct line between real estate professionals and OJO, and accelerating adoption in the
Eyes on Housing
FEBRUARY 23, 2022
According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts increased to 94.2% during the fourth 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.
Appraisal Buzz
FEBRUARY 24, 2022
Request for input seeks to strengthen, and provide transparency, required capital and liquidity for GSE seller/servicers with different business models. The post FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers appeared first on DSNews. The post FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers appeared first on Appraisal Buzz.
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