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

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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.

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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 526
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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.

Inventory 336
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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.

Appraisal 370
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Creating the Perfect Home Office in a Small Living Space

Cleveland Appraisal Blog

Hello! I hope you are hanging in there in these crazy times! This time of year I often have a lot of tax appeal work which keeps me crazy busy in March. As you might imagine, increases in home prices mean increases in property assessed values.

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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.

More Trending

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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 370
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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.

Valuation 195
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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?

Inventory 491
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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.

Business 195
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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.

Appraisal 368
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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.

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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.

Mortgage 477
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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.

Tenants 144
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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.

Appraisal 367
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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.

Marketing 157
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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 437
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First Known Racial Bias Court Case Against Appraiser

Appraiserblogs

It may mean that this will turn out to be the bellwether test case for other similar lawsuits against appraisers… Folks, a San Francisco, CA US District Court Judge has ruled that the bias suit against an appraiser can proceed.

Appraisal 117
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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.

Appraisal 221
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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.

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Fannie Mae announces title insurance shake up

Housing Wire

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”.

Insurance 434
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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

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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.

Mortgage 221
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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.

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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.

Mortgage 427
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Scope Creep & the Imploding of Rules

Appraiserblogs

…the imploding rules then implemented, and the scope creep that evolved because the cart was leading the horse, has severely lessened the reliability of ALL appraisals in my opinion.

Training 109
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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.

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6 Home Appraisal Myths You Need to Stop Believing Immediately

Realtor

iStock; realtor.com Putting your home up for sale can be an emotional endeavor. After you come to terms with saying goodbye to a place where you created countless memories, some stranger with a clipboard comes along and puts a value on what’s priceless to you.

Realtors 148
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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.

Mortgage 418
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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?

Business 148
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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.

Realtors 195
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3 Steps to Managing Money in Your Real Estate Business

McKissock

Money management is an important skill for budgeting and keeping afloat in this commission-driven profession—especially during the initial phase of launching your real estate business. As a new real estate agent, you must deal with the unpredictability of when and how much you earn.

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Streamlining subsidies to build more affordable housing

Housing Wire

Today’s housing affordability crisis stems largely from a lack of adequate housing supply. This is happening for a variety of reasons, from fallout from the 2008 Great Recession, restrictive local zoning policies and high land costs to labor and supply shortages.

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Appraisers Take Heed

Appraiserblogs

Her plight is an attack on occupational licensees everywhere.