Housing Wire

SEPTEMBER 7, 2023

The Federal Housing Administration (FHA) on Thursday announced that it has issued a waiver to a requirement that FHA-approved lenders flag rejected loans in the FHA Connection (FHAC) system, an effort the agency says will improve access to government-insured mortgage financing for qualified borrowers. “FHA has determined that this flag does not improve risk management and is often why other lenders will reject an applicant even when that applicant might otherwise qualify for a loan,” the agency

Mortgage 496

Mortgage Insurance Government Finance 496

Sacramento Appraisal Blog

SEPTEMBER 7, 2023

There are more cash buyers right now. Bottom line. Well, technically. Today let’s unpack the housing market’s cash trend, some myths, and things to watch ahead. This post is designed to scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale MLS Meeting 9/28/23 Yuba City Big Market Update (in Yuba City (details […] The post More cash buyers in today’s housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 375

Housing Market Buyers Appraisal Marketing 375

George Dell

SEPTEMBER 6, 2023

Scope of Work is what you plan to do. It requires you to identify the problem and identify the work necessary. The goal of USPAP (Uniform Standards of Professional Appraisal Practice) is credibility. The appraiser should be “worthy of belief.” A measure of reliability or usefulness of the appraisal is not required. Editor’s Note: This […] The post EBV: A New Scope of Work?

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Appraisal 195

Miller Samuel

SEPTEMBER 5, 2023

I joined my friend Barry Ritholtz of RWM and of The Big Picture on his Bloomberg Radio MIB podcast for the sixth time since 2014. Here's the transcript , book recommendations , and the podcast version! Here are the previous interviews from 2014 , 2016 , 2020 , 2021 and 2022. They are always fun, and Barry keeps the conversation interesting. My wife Cheryl was in the producer's booth, keeping me honest (and taking pictures).

Mortgage 195

Mortgage Real Estate Appraisal Business 195

Housing Wire

SEPTEMBER 6, 2023

United Wholesale Mortgage (UMW) has enhanced its Safe Check program , which provides credit reports without initiating unwanted trigger lead solicitations to brokers’ competitors. In some cases, the lender will provide a hard credit report at no additional cost to borrowers. The program was launched in October 2022 to provide brokers $10 single-bureau soft credit checks for conventional loans.

Mortgage 473

Mortgage Government Investors Tools 473

The Appraiser Coach

SEPTEMBER 5, 2023

I once read a book called First Things First, by Stephen Covey. That phrase, “first things first,” prompted a lot of thought for me a little while.

Real Estate Agent 195

Real Estate Agent Real Estate Appraisal Inspection 195

Eyes on Housing

SEPTEMBER 8, 2023

According to the latest Survey of Construction (SOC), 42 percent of new single-family detached homes sold in 2022 were built on lots under 7,000 square feet, that is smaller than 1/16 of an acre. This is the highest share on record and reflects stark changes in the lot size distribution since the Census Bureau started tracking these series over 20.

Construction 186

Construction 186

Housing Wire

SEPTEMBER 3, 2023

We had a crazy jobs week last week, with tons of data that the Federal Reserve was happy to see, but did those labor reports mean we’ve hit peak mortgage rates for 2023? Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last we

Mortgage 458

Mortgage Inventory New Listings Marketing 458

GoForrmz

SEPTEMBER 7, 2023

Take the hassle out of food safety training with modern tools Improving the safety training for your kitchen staff is always on the mind of restauranteurs and food processors alike, but during Food Safety Education Month, it’s a great time to review how you’re training your team. If prioritizing a food safety culture within your business is already a priority, innovative tools like digital forms can help you bring new and more efficient training to your team.

Training 147

Training Legal Modernization Tools 147

Inman

SEPTEMBER 5, 2023

Realtors are cancelling memberships, hounding local boards and organizing petition drives days after NAR resisted calls Thursday to censure Bob Goldberg for his handling of misconduct claims.

Realtors 194

Realtors Agents 194

Eyes on Housing

SEPTEMBER 7, 2023

According to the annual data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2022 (28%), followed by vinyl siding (26%), fiber cement siding (such as Hardiplank or Hardiboard (21%) and, brick or brick veneer (18%). Far smaller shares of single-family homes started last year had wood or wood.

Construction 180

Construction 180

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time.

Mortgage 450

Mortgage Housing Market Marketing Inventory 450

GoForrmz

SEPTEMBER 8, 2023

The results are in! Discover why businesses are digitally transforming their operations with GoFormz At GoFormz, our primary focus is our customers. We’re committed to understanding and addressing their unique requirements and facilitating their digital transformation through the power of digital data collection. We recently conducted an extensive customer survey spanning 14 diverse industries across 5 countries.

Tools 78

Tools Modernization Business Design 78

Inman

SEPTEMBER 5, 2023

Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to "change its practices.

Realtors 192

Realtors Brokerage Agents 192

Eyes on Housing

SEPTEMBER 5, 2023

Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro areas. Multifamily market growth also fell in most areas of the country, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI).

Construction 157

Construction Marketing Mortgage 157

Housing Wire

SEPTEMBER 7, 2023

Mortgage rates peaked at 7.5% a couple weeks ago and are staying stubbornly high. Rising mortgage rates mean rising inventory as home buyer demand slows quickly. But home prices are staying pretty stable even though we can measure a slowdown in the number of homes getting offers. Most years, available inventory of unsold homes on the market peaks in August.

Mortgage 441

Mortgage Inventory Contracts Buyers 441

Appraisal Hub

SEPTEMBER 8, 2023

In today’s real estate market, the process of obtaining a mortgage can seem complex and daunting. One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. This step is not just a formality; it plays a pivotal role in determining whether or not you get approved for a mortgage. Let’s delve into the significance of mortgage appraisals and how professional appraisers and reputable appraisal firms can make a difference.

Appraisal 78

Appraisal Mortgage Appraisal Mortgage Real Estate 78

Inman

SEPTEMBER 7, 2023

The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt.

Real Estate 187

Real Estate Mortgage Technology 187

Eyes on Housing

SEPTEMBER 8, 2023

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the second quarter of 2023 as interest rates continue to rise and financial conditions tighten. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions declined by 2.8% during the second quarter. The volume of loans declined by $2.9 billion for the quarter.

Construction 93

Construction Insurance Development 93

Housing Wire

SEPTEMBER 8, 2023

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online connection, this influence extends beyond personal appearance and experiences. For their part, millennials are not only sharing photos and experiences but also comparing their achievements and possessions with their peers.

Home Value 421

Home Value Mortgage Clients Investing 421

GoForrmz

SEPTEMBER 6, 2023

Streamline your application process with the GoFormz Employee Application Form Mobile forms are taking over traditional paper forms and it’s clear to see why. With mobile forms, businesses can instantly gather information on any digital device, like smartphones, tablets, and computers. These forms are completely customizable to capture images, text, dates, signatures, file attachments, and much more.

Legal 78

Legal Modernization Business 78

Inman

SEPTEMBER 5, 2023

New York City's law limiting short-term rentals went into effect on Tuesday. To offer stays of less than 30 days, hosts must stay in the unit with their guests.

Law 194

Law Investing 194

Eyes on Housing

SEPTEMBER 6, 2023

NAHB analysis of the 2022 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.1% of the market, roughly the same as in 2021, at 28.8%. As in previous years, conventional financing dominated the market at 71.9% of sales. In 2020, the share of non-conventional financing was 34.4%.

Finance 93

Finance Construction Marketing 93

Housing Wire

SEPTEMBER 8, 2023

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. “Revive Vision AI” aims to provide a more precise value assessment than traditional automated valuation models (AVM) by analyzing property photos.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Renovations 421

GoForrmz

SEPTEMBER 5, 2023

“ Usually a paper form would take about 45 minutes…now with GoFormz, we’ve cut it down to half of that time. ” — Israel Portillo, R&D Engineering Manager, Pacific Seafood About Pacific Seafood Headquartered in Clackamas, Oregon, Pacific Seafood is one of the largest seafood companies in North America. Operating across three countries with 40 facilities, Pacific Seafood is involved in every aspect of their supply chain, from harvesting and fishing to processing and distributio

Supply Chain 78

Supply Chain 78

Inman

SEPTEMBER 8, 2023

Amid massive leadership challenges, trainer and DEI expert Dr. Lee Davenport takes a deeper look at the "we" in NAR's "That's who we R" slogan and what it means to be a Realtor right now.

Realtors 181

Realtors Agents 181

Eyes on Housing

SEPTEMBER 8, 2023

Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. Similar to a previous post about builder members, NAHB conducted a related analysis of its associate members. In 2022, 65% of NAHB’s members were associate members—those involved in a wide range of.

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Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. Top of mind, of course, is what exactly the settlement agreements include, besides an agreement by Anywhere to pay a total of $83.5 million in damages for both the Moehrl and Sitzer/Burnett suits.

Realtors 421

Realtors Agents Buyers Real Estate 421

Appraisal Today

SEPTEMBER 8, 2023

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. These requests involve homes in numerous vacation spots ranging from Sedona, San Diego, Montana, Lake Tahoe, to Miami, New York, Seattle, New England, and every vacation spot in between.

Appraisal 78

Appraisal Mortgage Real Estate Contracts 78

Inman

SEPTEMBER 7, 2023

Jonathan Pruzan, once thought to be a front-runner for CEO of Morgan Stanley, has been chosen to run Pretium, a firm that owns tens of thousands of single-family rental homes.

Investing 181

Investing 181

Eyes on Housing

SEPTEMBER 6, 2023

According to the data released by Bureau of Economic Analysis (BEA), private fixed investment in student dormitories inched up 1% to a seasonally adjusted annual rate (SAAR) of $3.6 billion in the second quarter of 2022, after a 6.4% increase in the first quarter. Private fixed investment in dorms was 8.7% higher than a year ago, but still below the.

Investing 88

Investing 88

Housing Wire

SEPTEMBER 6, 2023

How hot is the housing market? There is certainly no shortage of indicators, but three in particular were published in the last week: the S&P/Case-Shiller Home Price Index, the All-Transactions House Price Index from the U.S. Federal Housing Finance Agency and the MSA-level “hotness” scores from Realtor.com. The indices suggest high prices that are inching higher, while the hotness scores suggest northern MSAs are gaining ground over their southern counterparts.

Mortgage 421

Mortgage Housing Market Finance Marketing 421

Mortgagebroker News

SEPTEMBER 7, 2023

'I think that deep inside, they know the likelihood of them raising again is relatively slim – but in their language they will not admit that'

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Inman

SEPTEMBER 8, 2023

A lawsuit filed by a renter in Seattle accuses the property management software firm and major landlords of violating antitrust statutes through a product used to set rent rates.

Landlords 178

Landlords Property Management Law Real Estate 178