Sat.Apr 30, 2022 - Fri.May 06, 2022

CoreLogic: U.S. home-price gains hit all-time high in March

Housing Wire

home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year.

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? You can pay attention to many indicators, but the recent infrastructure bill will reveal the most crucial information. These are a few ways it will affect real estate in the coming months.

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Dude, stop obsessing over home prices

Sacramento Appraisal Blog

What are prices doing? That’s always the question, and I get it. But there are bigger fish to fry to understand what the housing market is doing. A shift: Over the past few weeks there has been a shift in demand, which is why this conversation is so important.

Essential Home Moving Tips for Seniors

Cleveland Appraisal Blog

Howdy friends! I hope that you’re doing well! I have a special post from a first-time guest blogger, Betty White. If you’re a senior and considering moving, this article offers some tips that may make things a little easier. I hope that you enjoy her article!

The last time houses were this unaffordable was 2006

Housing Wire

Surging interest rates and home price appreciation made March one of the most challenging months for prospective homebuyers looking to make purchases, according to a recent report. Annual home price gains saw 19.9% annual appreciation in March, down from an upwardly revised 20.1%

The Curious Cat and the Drone

Appraisal Buzz

The post The Curious Cat and the Drone appeared first on Appraisal Buzz. Buzztoons

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The Workings of a Millionaire Mind

The Appraiser Coach

Principles of business cross boundaries of profession frequently, and the one shared today is inspired by Dr. Thomas Stanley, author of The Millionaire Next Door and The Millionaire Mind. Read More.

Federal Reserve approves interest rate hike of half a percentage point

Housing Wire

The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation, in conjunction with a plan to shrink its $9 trillion asset portfolio beginning next month, according to Chairman Jerome Powell.

The Appraiser Behind the Buzztoons

Appraisal Buzz

[link]. Today’s Buzzcast interview is with Steve Sanders, Owner of Appraisal Source. We sat down with Steve and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss his famous Appraisal Buzztoons. What is your background in the appraisal industry?

March Gains in Private Residential Construction Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in March after an increase of 0.7% in February. Spending stood at a seasonally adjusted annual rate of $882 billion. Total private residential construction spending was 18.4%

How Small Business Teams Are Saving Time And Money With Digital Forms

GoForrmz

Digitize and automate your small business processes to save incredible amounts of time and money Time, money, and innovation – small businesses require all three. Yet, repetitive and tedious tasks make the prioritization of these critical needs nearly impossible.

Fractional home-equity lender Point raises $115 million 

Housing Wire

Fintech and fractional home-equity lender Point has raised an additional $115 million through a Series C fundraising round led by venture capital firm WestCap.

Kevin Palmer Promoted to Handle Freddie Mac’s Multifamily Business

Appraisal Buzz

Freddie Mac has named Kevin Palmer to head its multifamily business. He will serve as a member of the company’s Senior Operating Committee and report to the company’s president, Mike Hutchins. Palmer has served at Freddie Mac in a variety of positions since 2001, most recently as senior vice president for Single-Family Portfolio Management. Over the course of his more than two decades at Freddie Mac, Kevin Palmer has demonstrated broad knowledge of the.

States with Highest and Fastest Rising Construction Wages

Eyes on Housing

As the construction labor market remains tight and skilled labor shortages persist, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries.

5 Ready-to-Use Digital Forms for Your SMB

GoForrmz

Embrace digital forms for your small business with five free templates from GoFormz Running a small business is tough, and running it smoothly can feel almost impossible some days. From the long hours to attracting clients, it’s definitely a tough path, but one that’s beyond rewarding.

loanDepot plans to launch ‘digital’ HELOC in Q3

Housing Wire

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit.

Deephaven Mortgage Names New Chief Sales Officer

Appraisal Buzz

Tom Davis, a veteran mortgage industry executive, has joined Non-QM/Non-Agency lender Deephaven Mortgage as Chief Sales Officer, charged with expanding Deephaven’s footprint and market share across the U.S. Davis, who is based in Fort Lauderdale, Florida, has more than 20 years’ experience helping partners with their Agency and Non-QM/Non-Agency needs. Most recently, he was Executive … The post Deephaven Mortgage Names New Chief Sales Officer appeared first on theMReport.com.

The Fed Commits to Aggressive Tightening of Monetary Policy

Eyes on Housing

Following a 25 basis points increase in March, the Federal Reserve’s monetary policy committee unanimously approved a further 50 basis points increase for the federal funds target rate, the largest increase for the rate in more than two decades.

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Thinking About Purchasing a Fixer-Upper as Your First Home? Here’s What You Need to Know

DW Slater Company

(Photo via Pexels ). We appreciate our guest bloggers that contribute to our blog. Enjoy this guest post from Megan Cooper with Real Life Home. Purchasing your first home is an exciting milestone. Whether by yourself or with a partner, transitioning from renter to homeowner is a big deal.

Shock to the system: ICE to pay $13B for rival Black Knight

Housing Wire

In a move with ramifications for an untold number of mortgage lenders and service firms, Intercontinental Exchange, Inc. , a software and data company whose mini-empire includes ICE Mortgage Technology , has bought Black Knight. The $13.1

Staircase Introduces Three Mortgage Tools to Simplify MSR Transfers

Appraisal Buzz

Staircase has launched three tools to facilitate the transfer of mortgage servicing rights (MSR) between mortgage lenders, servicers and investors. These tools are part of Staircase’s low-code marketplace, which automates complex technologies and makes them self-service for the U.S. residential mortgage industry. The rise in interest rates has prompted high demand and increased trading volumes for MSRs, which increase in value as rates go up.

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Slight Rise for Construction Job Openings

Eyes on Housing

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in March.

The Digital Form Features Our Small Business Users Love

GoForrmz

Discover how small businesses are leveraging digital form features to save time, be more efficient, and elevate productivity GoFormz offers a flexible and affordable solution to traditional documentation and information collection.

Opinion: Former Freddie Mac CEO lashes out at mortgage lenders

Housing Wire

Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies.

Asian American Millennials Outpace Other Generations

Appraisal Buzz

Owning a home is seen as a sign of success and financial stability, and while Asian people in the U.S. tend to have higher educational attainment and household income than any other racial and ethnical groups; their homeownership rate at nearly 60% remains lower than the national rate of 65.5%, and the white community rate … The post Asian American Millennials Outpace Other Generations appeared first on DSNews.

Solid Job Gains in April

Eyes on Housing

Total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6%. The April’s data indicate that the labor market remained healthy despite surging inflation, tighter financial conditions, and the war in Ukraine.

The Small Business Guide to Getting Started with GoFormz

GoForrmz

Move away from paper forms to streamline your small business workflows One of the biggest challenges facing small to mid-sized businesses today is finding a way to digitize their daily processes.

MAXEX extends loan-trading reach with DSCR program

Housing Wire

Digital-mortgage exchange and loan aggregator MAXEX is launching a new loan-purchasing program for originators looking to tap into the growing mortgage demand from individual and small-business real estate investors.

GSEs Commit to Assisting Borrowers in Their Native Language

Appraisal Buzz

New mandate allows for data collected by the GSEs to be used by lenders to facilitate communications with borrowers in their preferred language. The post GSEs Commit to Assisting Borrowers in Their Native Language appeared first on theMReport.com. The post GSEs Commit to Assisting Borrowers in Their Native Language appeared first on Appraisal Buzz. Around The Web

Metro Area Populations Exhibit Minimal Growth From 2020

Eyes on Housing

The Census Bureau recently released its 2021 Metropolitan Statistical Area (MSA) annual population estimates. Between 2020 and 2021, 251 (65%) of the 384 MSAs within the 50 states and the District of Columbia experienced population increases, albeit small on percentage terms.

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Biden Task Force Releases Appraisal Bias Study

Empire Appraisal Group

Biden Task Force Releases Appraisal Bias Study. Source: Biden Task Force Releases Appraisal Bias Study | Florida Realtors. By Kerry Smith.

Opinion: why HELOC demand will surge

Housing Wire

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021.

Cenlar Promotes Seven to VP Roles

Appraisal Buzz

Mortgage subservicer and wholesale bank names seven to new roles within the firm, bolstering the firm’s footprint in the servicing market. The post Cenlar Promotes Seven to VP Roles appeared first on DSNews. The post Cenlar Promotes Seven to VP Roles appeared first on Appraisal Buzz. Around The Web

Pandemic changes for the better, or worse

Valuation Review

Did pandemic changes truly open the door for opportunity and has the profession looked at this as a positive, or a negative regarding stability? Valuation Review fielded answers to this question, in addition to other comments from a few appraisal veterans.