Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb. 11. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications.

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Sacramento Appraisal Blog

FEBRUARY 1, 2022

Do you smell that? It’s price growth. The market is rising, which is normal for January. But this year it feels extra aggressive. Let’s talk about it. Scroll quickly or digest slowly. UPCOMING PUBLIC SPEAKING GIGS: 2/9/2022 Yolo Associaton of Realtors market update (details) 2/18/2022 WCR El Dorado County market update (details) 2/25/2022 Placer Association […].

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Appraisal Buzz

FEBRUARY 2, 2022

[link]. Today’s Buzzcast interview is with Jody Bishop, the new President of The Appraisal Institute. We sat down with Jody and Joan Trice, Founder of Allterra Group, LLC to discuss what the outlook for the Appraisal Institute is for 2022 and what appraisers can expect from their initiatives. What are some of the changes in store this year for The Appraisal Institute?

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The Appraiser Coach

FEBRUARY 1, 2022

With the end of the year upon us, it’s important to look back on where we’ve been. During that process, however, it is also important to take the time to. Read More.

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Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Eyes on Housing

FEBRUARY 3, 2022

Most analyses of lumber price trends and levels fail to account for inflation because the price data for softwood lumber used in framing applications is generally quoted using the Random Lengths Framing Lumber Composite Price or lumber futures prices–neither of which is inflation-adjusted.

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Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? Is the seller not willing to negotiate repairs? Here are strategies to help with your requests for negotiating repairs after a home inspection Negotiating repairs after a home inspection doesn't have to be difficult, especially when you follow these 7 tips When an offer is accepted on a home, it can be easy for both buyers and sellers to feel that they’re at the end of the finish line.

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Housing Wire

FEBRUARY 2, 2022

Mortgage applications increased 12% from the previous week due to a surprising uptick in demand for “refis” as borrowers try to secure a lower rate , according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 28. The seasonally adjusted Refinance Index rose 18.4% in the same period. Meanwhile, the Purchase Index increased 4%.

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Eyes on Housing

FEBRUARY 1, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% in December after an increase of 0.7% in November 2021. Spending stood at a seasonally adjusted annual rate of $810.3 billion. Total private residential construction spending was 15.0% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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Appraisal Buzz

JANUARY 31, 2022

Opteon is looking for certified residential and commercial appraisers to join our team. In this fast-paced, deadline-driven industry, we empower our appraisers to work smarter, not harder. With a team behind you to support and guide you, you’ll have the free time to pick up a hobby in no time. By empowering appraisers in the field, Opteon has trimmed down the average turn time in Australia and New Zealand from 12 days to 2 days.

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Urban

JANUARY 31, 2022

Condos can present a key path to homeownership, but federal financing issues and local defect laws have contributed to a lack of multifamily units for sale.

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Housing Wire

FEBRUARY 1, 2022

Home prices across the nation climbed 18.5% year-over-year in December, according to a monthly report published by CoreLogic. On a month-over-month basis, home price gains rose by 1.3% in December 2021 compared to November. Consumer desire for homeownership paired with a low supply of for-sale homes were the main contributors to a red-hot housing market in 2021.

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Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? Dual agency isn’t particularly common, but it does tend to happen from time to time, so it is always best to be informed on the intricacies of this transaction type.

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Appraisal Buzz

FEBRUARY 2, 2022

$43 trillion: that is the new value of the housing market as a whole, now double what it was since the lows of the post-recession market and the corresponding building slump of the early 2010s. According to Zillow, the housing market gained $6.9 trillion in value in 2021 increasing to $43.4 trillion throughout the year. It … The post The Housing Market Gained 6.9 Trillion in 2021 appeared first on theMReport.com.

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GoForrmz

FEBRUARY 3, 2022

Seamlessly collect and store data with these digital work order template features. Work orders are a critical part of collecting real-time data for your business operations. With paper forms, your team is left with messy, disorganized, and inaccurate forms and fragmented information. By digitizing your work orders, you will not only save time and money but also improve the quality of collected data and elevate your client-facing documents to be more professional and efficient.

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Housing Wire

FEBRUARY 3, 2022

The average 30-year-fixed rate mortgage remained flat for the third consecutive week at 3.55% for the week ending Feb. 3, reflecting the impacts of the Omicron variant in the economy, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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Raleigh Realty

JANUARY 31, 2022

Living in Durham, NC Find out why 70+ people are Moving to the Durham area Daily in 2022 For anyone moving to Durham, NC, or considering the move, you'll want to be sure to read this article first or contact us directly 12 Things to Know Before Moving to Durham, NC There are so many things to do in Durham a lot of which you will find in this article.

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Appraisal Buzz

FEBRUARY 2, 2022

$43 trillion: that is the new value of the housing market as a whole, now double what it was since the lows of the post-recession market and the corresponding building slump of the early 2010s. According to Zillow, the housing market gained $6.9 trillion in value in 2021 increasing to $43.4 trillion throughout the year. It … The post In 10 Years, the Housing Market Has Doubled appeared first on DSNews.

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GoForrmz

JANUARY 31, 2022

Medical provider forms are essential – prioritize your data collection and go digital Medical equipment providers are crucial to the enhancement of patient health care and support. By making strides in the digital movement with digital forms, medical facilities and providers can streamline communication, prioritize patients, enhance operations, and much more.

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Housing Wire

FEBRUARY 4, 2022

This week’s HW+ member spotlight features Gary Scott, president at Allen Tate Realtors. With more than 30 years of experience in the real estate industry, Scott has held positions with multiple brokerage firms across the East Coast, which includes B. Gary Scott Realtors , Prudential Preferred Properties and most recently Long and Foster Real Estate , where he served as president of General Brokerage.

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Raleigh Realty

FEBRUARY 4, 2022

How Accurate is Credit Karma? Is Credit Karma Accurate? A common question from people who are using the free credit monitoring service. In this article we will dive into everything you need to know about Credit Karma's accuracy, how often Credit Karma updates, how the service works, as well as what to be aware of: Many people looking to buy a home will need to know their credit score and “how accurate is Credit Karma?

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Appraisal Buzz

FEBRUARY 2, 2022

PMG transitions its leadership with addition of 20-plus-year industry veteran Sarah Gonzalez to deepen the firm’s scalability and accelerate growth. The post Panorama Mortgage Taps Sarah Gonzalez as New President and COO appeared first on theMReport.com. The post Panorama Mortgage Taps Sarah Gonzalez as New President and COO appeared first on Appraisal Buzz.

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Eyes on Housing

FEBRUARY 2, 2022

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the final quarter of 2021 have spent 3+ months searching for a home without success. The inability to find a home they could afford once again became the most common reason (41%) these long-time searchers could not buy a home. .

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Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? It was, after all, a once-in-a-lifetime opportunity for founders and private equity backers to cash in on historic origination volume.

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Appraiserblogs

FEBRUARY 1, 2022

Fannie Mae’s sweeping new national condominium regulations… Appraisers, Fannie Mae has changed inspection and reporting requirements for Condominiums, effective January 1, 2022. The article titled “How can appraisers evaluate aging condos without docs?” from Loop North News has info: From the article: 24-Jan-22 – Fannie Mae’s sweeping new national condominium and co-op apartment lending regulations were created to protect residents, but the tough rules do not cover all the problems, appraisal ex

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Appraisal Buzz

JANUARY 31, 2022

Philadelphia-based private-equity firm LLR Partners has made strategic investments in Sales Boomerang , a provider of automated borrower intelligence and retention software for lenders, and Mortgage Coach , a borrower conversion platform empowering lenders to educate borrowers with interactive presentations that model home loan performance over time.

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Eyes on Housing

FEBRUARY 4, 2022

Despite the omicron surge, the U.S. job market experienced solid gains. Total nonfarm payroll employment increased by 467,000 in January, and the unemployment rate ticked up slightly to 4.0%. Additionally, job gains in December and November were much stronger than initially estimated, according to revisions of the establishment survey data. Construction industry employment (both residential and non-residential) totaled 7.

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Housing Wire

JANUARY 31, 2022

Stewart is one of the largest global title insurance companies and underwriters in the industry. It’s been around for more than 128 years and is built on values that include accountability, collaboration, trust and a fundamental commitment to providing better experiences. But the company is not satisfied just looking back at its long history. Instead, its leaders are looking ahead and focused on how the company can grow. “ Our vision is to be the premier title services company ,” said Beth Fowle

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Appraiserblogs

FEBRUARY 3, 2022

Fannie Mae has decided to make at least 2 significant changes… The New Year is here and along with that comes change. The appraisal industry and the appraisal profession is no exception to this. Change is something we should embrace provided that the change is for the betterment of those effected by the change. Before we make a change we need to identify what we are trying to accomplish and will the purposed changes achieve the desired results and is this the best way to accomplish our objective

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Appraisal Buzz

FEBRUARY 4, 2022

The U.S. economy added 467,000 jobs in January, while the unemployment rate remained flat at 4.0%, according to the U.S. Bureau of Labor Statistics. Most of the job growth was in leisure and hospitality, which includes restaurant, hotel and cruise line jobs. Of the 467,000 jobs added, 151,000 were in leisure and hospitality. Other job categories seeing strong growth in January included professional and business services, retail, and transportation and warehousing.

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Eyes on Housing

FEBRUARY 2, 2022

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.5% in the last quarter of 2021. In contrast to some data reporting in 2020 and earlier 2021, the last quarter of 2021 data collection was not affected by the pandemic, as in-person interview returned in all areas. The national homeowner vacancy rate stayed at a record.

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Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. UWM filed a lawsuit in Michigan federal court late Thursday that claims America’s MoneyLine , a high-volume mortgage brokerage based in Southern California, owes it $2.8 million for repeatedly violating the terms of the agreement.

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Valuation Review

JANUARY 31, 2022

With about 11 percent of Americans having moved during the first year of the COVID-19 pandemic, the personal-finance website WalletHub recently released its report “2022’s Best & Worst States to Raise a Family.” WalletHub compared the 50 states across 51 key indicators of family-friendliness.

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Appraisal Buzz

FEBRUARY 4, 2022

Epiq, an Atlanta-based provider of intelligence to the legal services industry, has released its January 2021 bankruptcy filing statistics from its AACER subsidiary which found that filings declined by 6.4% last month representing 26,194 filings of all types, down from the 27,957 seen in December, and the 29,328 seen in November. Comparing data year-over-year from January 2021 to … The post Bankruptcies Continue Downward Trend appeared first on DSNews.

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