Sat.Apr 09, 2022 - Fri.Apr 15, 2022

Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months.

Retail 414

U.S. Renters Migrate Toward Feeder Cities

Appraisal Buzz

It’s no secret that the pandemic upended the economy and changed people’s lives, especially when it came to their migration habits.

Insiders

Sign Up for our Newsletter

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

Elliman Magazine Column - A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere

Miller Samuel

For each issue of Elliman Magazine produced by Douglas Elliman , the same company that publishes most of our U.S. market research , I write a brief column and create a graphic to illustrate an important issue facing the luxury housing market.

The housing market temperature has changed

Sacramento Appraisal Blog

Do you feel it? The temperature of the housing market has started to change. Let’s talk about what’s going on, and what this means and doesn’t mean. I’d love to hear your take in the comments.

What 5% mortgage rates mean for the housing market?

Housing Wire

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips.

Wells Fargo Commits $210M to Advance Racial Equity

Appraisal Buzz

Systemic inequities in the United States have prevented too many minority families from achieving their homeownership and wealth building goals for too long.

More Trending

What Is EBV?

George Dell

EBV measures markets, rather than compares comps. In the traditional appraisal process, the appraiser ‘picks some comps’, then adjusts any differences in each comparable to the subject feature.

Mortgage applications continue fall amid 5% rate

Housing Wire

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Refinance applications fell 5% from the prior week and 62% from the same week a year ago, according to the Mortgage Bankers Association ‘s weekly survey.

Rents Grow Nearly 20% Since Pre-Pandemic Levels

Appraisal Buzz

According to the latest Monthly Rental Report from Realtor.com, rental prices grew nationwide by nearly 20% from March 2020 to 2022 during the pandemic.

Dad’s Words of Wisdom

The Appraiser Coach

Something I’ve noticed over the years is that, in moments when I least expect it, I open my mouth and my father comes out. Just like each of us does, Read More.

Building Materials Prices Rise Further

Eyes on Housing

According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 1.4% in March, following an upwardly revised increase of 2.2% in February and 4.1% in January.

Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Wait, what? But we have a housing shortage, right?

Relocation Trends for Buyers in 2022

Appraisal Buzz

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates.

Buyers 311

How To Find & Lease Commercial Space for Rent in 2022 [Full Guide]

The Robert Weiler Company

What’s the worst kept secret this year? Well, it could be that commercial space for rent in Columbus, Ohio, is booming.

Inflation Hits Another New 40-Year High in March

Eyes on Housing

Driven by higher food, gasoline and housing cost, consumer prices continued to accelerate in March. This marked the sixth straight month for inflation above a 6% rate and was the fastest annual pace since December 1981.

139
139

Purchase mortgages cross dreaded 5% threshold

Housing Wire

The 5% threshold has been crossed, and given all the headwinds in the U.S. economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon.

Mortgage Rates Hit 11-Year High

Appraisal Buzz

Not since early 2011 have mortgage rates hit the 5% mark, but this week, that became a reality, as elevated home prices and short supply are making the dream of homeownership an expensive proposition. The post Mortgage Rates Hit 11-Year High appeared first on theMReport.com.

Budget-Friendly Glam Room Ideas | Raleigh Realty

Raleigh Realty

How To Create Your Dream "Glam Room" on a Budget Have you always dreamed of a walk-in closet or a room dedicated to your makeup and skincare products? Now’s the perfect time to turn that spare bedroom or extra closet space into your very own glam room.

Realty 111

Slight Pick-Up in Single-Family Permits February 2022

Eyes on Housing

Over the first two month of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 170,716. On a year-over-year (YoY) basis, this is a 3.5% increase over the February 2021 level of 164,901.

The growing threat of phishing attacks on the mortgage industry

Housing Wire

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions.

Panorama Mortgage Group Launches Prosperity Capital Mortgage

Appraisal Buzz

Panorama Mortgage Group (PMG) has launched a new brand, Prosperity Capital Mortgage, a full-service mortgage lender serving Dallas, Houston, Austin, San Antonio, Las Vegas, Reno, and Sacramento, with plans to expand throughout the country.

STRATMOR: Lenders seeing impact of blockchain

Valuation Review

As the mortgage industry enters a down cycle, blockchain technology is emerging as a viable tool for lenders struggling with high origination costs, shrinking margins, complex processes and slow investor delivery. This is according to the mortgage advisory firm STRATMOR Group

Remodeling Market Remains Stable Year-over-Year

Eyes on Housing

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2002 posted a reading of 86, unchanged from the first quarter of 2021.

Here’s why the housing market needs higher mortgage rates

Housing Wire

In this HW+ Slack Q&A , HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more.

Laura Cappiello Joins Pretium as Chief Human Resources Officer

Appraisal Buzz

Twenty-year HR vet joins Pretium, replacing the retiring Donna Winston, to lead human resources and talent acquisition efforts. The post Laura Cappiello Joins Pretium as Chief Human Resources Officer appeared first on DSNews.

Join Us At Field Service USA 2022

GoForrmz

We’ll be exhibiting and presenting at Field Service USA 2022 – will we see you there? We are thrilled to once again be sponsors of Field Service USA (April 26-28, 2022)! Will we see you there?

Married Couple Homeownership

Eyes on Housing

NAHB analysis of the Current Population Survey’s (CPS) 2020 Annual Social and Economic Supplement (ASEC) estimates the national homeownership rate at 66.4%. This analysis provides a further breakdown of this rate through the lens of married couple homeownership, which we estimate at 79% for 2020.

112
112

Mortgage delinquency rate reaches 23-year low

Housing Wire

Mortgage delinquency rates in January reached a 23-year low, driven by the skyrocketing housing prices and a strong job market. About 3.3% of mortgages were delinquent by at least 30 days or more including foreclosure in January, according to a new CoreLogic loan performance insights report.

What is Holding Back Potential Homebuyers From Entering the Market?

Appraisal Buzz

The lack of affordable homes is now firmly seated as the top reason holding potential buyers back from entering the housing market, according to a new study from the National Association of Realtors (NAR). This finding comes to us from the 2022 Obstacles to Homebuying Report published by the NAR.

Top Remodeling Projects for Resale

Empire Appraisal Group

Top Remodeling Projects for Resale.

CoreLogic: Home prices increased in February

Valuation Review

CoreLogic released its Home Price Index (HPI) and HPI Forecast for February. The analysis showed home prices nationwide, including distressed sales, increased year-over-year by 20 percent compared with February 2021. Read on for more numbers from the company's HPI

Wells Fargo, JPMorgan and the mortgage storm to come

Housing Wire

Wells Fargo. Two of the nation’s largest banks – JPMorgan Chase and Wells Fargo & Co. – had their mortgage businesses hit hard by the higher interest rate landscape in the first quarter of 2022.

Cindy Baird Named EVP of Operations for Nations Lending

Appraisal Buzz

National lender taps new EVP of Operations to develop and implement processes to enhance the borrower experience. The post Cindy Baird Named EVP of Operations for Nations Lending appeared first on theMReport.com.

Aging in Place or Transition to Assisted Living? | Raleigh Realty

Raleigh Realty

Senior Housing Guide: A Guide to Aging in Place and Deciding When to Transition to Assisted Living Transitioning into assisted living is a major milestone for most, and it often entails a difficult decision.