Sat.Aug 13, 2022 - Fri.Aug 19, 2022

Savage: Even with sales down, home prices up 10.8% ?

Housing Wire

Today the National Association of Realtors reported that the trend of declining existing home sales, which we have seen since mortgage rates rose, is getting worse. But that isn’t the worst part of the data line!

Burn it Down

Appraisal Buzz

The post Burn it Down appeared first on Appraisal Buzz. Buzztoons appraisal appraisal buzz appraiser appraisers

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The inventory myth & dipping prices

Sacramento Appraisal Blog

Let’s talk about two things today. The myth of six months of inventory being normal and dipping prices. I’d love to hear your take in the comments.

Why Data Science?

George Dell

Why not data science? Before we talk about anything, we need to know what ‘it’ is. What is data science? First, what is science? Science is “a systematic study, by observation or experiment; by an expert in scientific method and the field of study.” And what is data?

195
195

Homebuilders are done until mortgage rates fall

Housing Wire

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall.

Housing Problems Faced by America’s Seniors

Appraisal Buzz

According to a new report by the Joint Center for Housing Studies, seniors are already experiencing housing woes, and that number is only set to grow as more Baby Boomers come of age. The post Housing Problems Faced by America’s Seniors appeared first on theMReport.com.

More Trending

Builder Confidence Falls for Eighth Consecutive Month

Eyes on Housing

Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges.

Better.com partners with Palantir on new proprietary loan platform

Housing Wire

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”.

Slowing Market Boosts Negotiating Power

Appraisal Buzz

More and more buyer home-purchase agreements were cancelled in July to the highest mortgage rates seen in two years. Click through to see how many took advantage of their newfound negotiating power. The post Slowing Market Boosts Negotiating Power appeared first on theMReport.com.

What is the Triangle in NC?

Raleigh Realty

What is the Triangle in North Carolina? One of the most common questions we receive is 'what is the Triangle in NC?' Below we answer that and a few more common questions: Click here to search for Triangle Real Estate.

Realty 127

New Home Size Trends Reversing?

Eyes on Housing

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. During the housing boom of recent quarters, this led to a rise for new single-family home size. However, as the housing market weakens this trend appears to be reversing.

HELOCs are now “raging back”

Housing Wire

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs).

Median Home Prices Inch Downward

Appraisal Buzz

According to the latest RE/MAX Housing Report, a double-digit drop in home sales from June to July fueled a double-digit increase in homes for sale, triggering the first decline in the Median Sales Price since January. July’s Median Sales Price of $415,000 was down 2.9%

Why is Location so Important in Real Estate?

Raleigh Realty

Location in Real Estate Location, location, location. Here's what makes location such an important factor when it comes to buying a home. The three most important factors when buying a home are location, location, and location.

Building Materials Prices Increase in July as Concrete Surges

Eyes on Housing

The prices of building materials rose 0.4% in July (not seasonally adjusted) even as softwood lumber prices increased 2.3%, according to the latest Producer Price Index (PPI) report. Prices have surged 35.7% since January 2020, although 80% of the increase has occurred since January 2021.

UWM turns to seller concessions with new mortgage product launch

Housing Wire

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment.

Sales Dip Nationwide as Inventory Grows

Appraisal Buzz

The nation’s supply of homes jumped for the fourth consecutive month in July, as there were 13.3% more homes for sale than in June, fueling a double-digit increase in homes for sale. The post Sales Dip Nationwide as Inventory Grows appeared first on DSNews.

How to Hire a Real Estate Assistant

McKissock

The life of a real estate professional can be fast-paced and demanding. Scheduling, taking calls, and handling everyday details can distract from big picture goals, which is why many real estate agents and brokers hire a real estate assistant.

Single-Family Built-for-Rent Construction Surging

Eyes on Housing

Single-family built-for-rent sector construction surged during the second quarter of 2022 as homebuying affordability declined on higher mortgage interest rates.

Ginnie Mae digs in on 250% MSR risk weight for nonbanks

Housing Wire

Ginnie Mae is not budging on its proposal to put a 250% risk weight on gross mortgage servicing rights. The requirement would be for nonbanks, who make up the bulk of the Federal Housing Administration market.

Renters Feel the Squeeze of a Tightening Housing Market

Appraisal Buzz

A new study from Freddie Mac found that nearly 60% of renters saw their rent increase over the past 12 months, with just 38% of those polled seeing an increase in their wages to offset this hike. The post Renters Feel the Squeeze of a Tightening Housing Market appeared first on theMReport.com.

20 Things Every Appraiser Should Keep in Their Car

McKissock

What are the essential tools and equipment to bring along when completing an on-site appraisal inspection ? Recently we asked our social media communities on Facebook and Twitter , “What’s ONE thing every property appraiser should always keep in their car?”

Existing Home Sales Fall to Two-Year Low

Eyes on Housing

As elevated mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for six consecutive months, according to the National Association of Realtors (NAR). All four regions saw double-digit decline in sales from a year ago.

July: Market Update for Housing Marketers

Housing Wire

July saw whiplash mortgage rates and our audience followed economic news very closely.

20 Things Every Appraiser Should Keep in Their Car

Appraisal Buzz

What are the essential tools and equipment to bring along when completing an on-site appraisal inspection ? Recently we asked our social media communities on Facebook and Twitter , “What’s ONE thing every property appraiser should always keep in their car?”

What are Millennial Homebuyers Looking For?

Raleigh Realty

Millennial Homebuyers Millennial homebuyers are on the rise, and for good reason - interest rates are still historically low.

Housing Starts Weaken in July

Eyes on Housing

A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market. Overall housing starts fell 9.6%

2 new private-label deals backed by rentals hit the market

Housing Wire

After a July doldrums during which there were no agency-eligible private-label securitizations (PLS) backed by mortgages on residential investment properties, the ice was broken this month with a new offering sponsored by Blue River Mortgage III LLC.

Real Estate Investors Purchased a Record $60.1B in Q2

Appraisal Buzz

A study by Redfin found that real estate investors acquired approximately 87,500 homes nationwide in Q2, a total that was up 11% quarter-over-quarter. The post Real Estate Investors Purchased a Record $60.1B in Q2 appeared first on DSNews. The post Real Estate Investors Purchased a Record $60.1B

Leveraging Technology to Improve Your Campus Communication

GoForrmz

Improve communication across your campus, faculty, and students with new technologies Schools, universities, and colleges have to excel in a variety of areas.

Multifamily Sector Shows Signs of Caution in the Second Quarter

Eyes on Housing

Confidence in the market for new multifamily housing was mixed in the second quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices.

Purchase mortgage rates beginning to stabilize in the low 5% range

Housing Wire

Purchase mortgage rates declined this week on the news that inflation appears to have peaked and appear to be stabilizing. The 30-year fixed-rate mortgage decreased this week to an average of 5.13%, down from last week’s 5.22%, according to the latest purchase mortgage survey from Freddie Mac.

Are We ‘Witnessing a Housing Recession?’

Appraisal Buzz

Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors. All four major U.S. regions recorded month-over-month and year-over-year sales declines.

Slowing Inflation Suggests Mortgage Rates Have Topped Out

Empire Appraisal Group

Slowing Inflation Suggests Mortgage Rates Have Topped Out. Source: Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out | Realtor Magazine. NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.