Sacramento Appraisal Blog
MAY 16, 2022
Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […].
Housing Wire
MAY 19, 2022
The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up.
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Appraisal Buzz
MAY 16, 2022
In today’s Buzzcast, the Allterra Group gives you all of the details for the upcoming conference -Valuation Expo! Valuation Expo will be hosted at the Mirage Hotel, September 7-9! Save 50% ($450) on your General Session Pass when you become an Appraisal Buzz Premium Plus Member by May 18th! Check out all of the new sessions with leaders in the industry, earn your CE, renew your USPAP , and network with hundreds of attendees all while exploring all that Vegas has to offer!
George Dell
MAY 18, 2022
The neighborhood section of appraisal reports is pretty much protocol. We have asked how a report on the neighborhood may or may not contribute to valuation value or reliability (risk) estimates. We continue to consider how traditional practice helps or hinders adoption of modern process technologies. As always, we have found it is important to […].
The Appraiser Coach
MAY 17, 2022
I have a server. It’s not the racks, the room, and the computers buzzing that you may think of when you hear about a server. It’s just a large desktop. Read More.
Housing Wire
MAY 19, 2022
Purchase mortgage rates this week averaged 5.25%, down five basis points from a week ago , as some individuals put the American homeownership dream on standby due to higher rates and surging home prices, according to the latest Freddie Mac PMMS. This time a year ago, the 30-year fixed-rate purchase rates were at 3%, the report shows. The government-sponsored enterprise (GSE) index accounts for just purchase mortgages reported by lenders during the past three days.
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Eyes on Housing
MAY 20, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted a year-over-years gain for the first quarter of 2022. There were 46,000 total custom building starts during the first quarter of the year. This marks a 28% increase from the first quarter of 2021. Over the last four quarters, custom housing.
Appraiserblogs
MAY 20, 2022
VA Fee Panel – The Appraisal Institute does not believe that a move to a lender select program, such as those found in the conventional or FHA mortgage markets, would improve timeliness, nor would it be in the best interests of veterans. On May 18, the Subcommittee on Economic Opportunity held a legislative hearing on the Discussion Draft of H.R. 7735, Improving Access to the VA Home Loan Act of 2022.
Housing Wire
MAY 19, 2022
If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. That’s the consensus forecast of a panel of non-agency industry experts who spoke at the Mortgage Bankers Association ’s (MBA’s) Secondary and Capital Markets Conference & Expo in New York City this week. .
Appraisal Buzz
MAY 18, 2022
Desktop Appraisals have evolved so much in the past 3 years alone — how exactly can appraisers keep up on the changes and impact on the appraisal industry? Join us for our upcoming webinar, “ Desktop Appraisals – Yes, No, Maybe? ” on March 19th at 2 pm with Tony Pistilli. Have all of your burning questions about Desktop Appraisals answered and more!
The Robert Weiler Company
MAY 18, 2022
When selling commercial real estate, the favorite phrase, “A little bit goes a long way,” holds much truth. Before listing and showing your property, there is a wide range of tasks that can, and should, be undertaken to increase the chances of a sale and boost the potential ROI. A study performed by the Florida Nursery Growers and Landscape Association found that something as simple as landscaping has the potential to increase the resale value of a property by 14 percent.
JMV Lending
MAY 18, 2022
This is another reminder that condos are not distinguishable from PUDs (Planned Unit Development units) by appearance alone. Attached side-by-side two-story units that all touch the ground can be zoned “CONDO” or “PUD.” Complexes with units that “float” (that do not touch the ground) will almost always be zoned condo (PUDs must touch the ground). The post Condo vs.
Housing Wire
MAY 19, 2022
Madison-based Fairway Independent Mortgage Corp. appears to be the latest mortgage lender to cut jobs due to the challenging origination market, showing that surging mortgage rates and home prices are now affecting companies with a high share of purchase loans in their portfolios. Fairway staff across the country received phone calls last week from their supervisors announcing they were part of a round of layoffs, a dozen former employees told HousingWire over the last few days.
Appraisal Buzz
MAY 17, 2022
Sean McGowan has been hired as chief people officer for mortgage services firm BSI Financial Services , while Shannon Clay has joined the company as senior vice president of investor reporting. McGowan has more than 20 years of mortgage experience, having held leadership positions at Accenture, Bank of America, and Mr. Cooper. Most recently, he led Appspace, a global software company providing a workplace experience platform.
Appraiserblogs
MAY 18, 2022
To judge an entire profession by anecdotal evidence is equally both stupid and harmful… The entire emphasis was on “anecdotal evidence” which is not documented or supported. Story after story was told about how appraisers had produced a “biased” report. No documentation and no evidence to support their claims was presented. Folks, after discussing this topic with and learning more about the appraiser who wrote this following essay, I have decided to distribute the essay below as a way to further
Eyes on Housing
MAY 19, 2022
Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. The survey’s Multifamily Production Index (MPI) decreased six points to 48 in the first quarter, dipping below the break-even mark of 50 for the first time in.
Housing Wire
MAY 19, 2022
The Community Home Lenders Association (CHLA) sent a letter, signed by 41 independent mortgage banks, to the Federal Housing Administration (FHA) on Wednesday urging the administration to cut mortgage insurance premiums. The letter, which includes signatures from South Carolina-based Movement Mortgage , Cherry Creek Mortgage , Texas-based Thrive Mortgage and Draper & Kramer Mortgage , advised the FHA to get rid of its life of loan policy and reduce the annual premiums by 30 basis points to.5
Appraisal Buzz
MAY 17, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Appraisal Logistics Taps Green as Chief Strategy Officer appeared first on Appraisal Buzz.
Appraiserblogs
MAY 16, 2022
Anytime the government gets involved in an issue, it tends to have more adverse effects than positive ones. It makes things worse when they only have their plan in mind and NOT the FACTS from the people they are about to hurt. This is especially true in the Real Estate Appraisal profession and the newly introduced H.R. Bill entitled: Fair Appraisal and Inequity Reform Act of 2022.
Riverfront Appraisals
MAY 17, 2022
If you’re short on time and can’t read the full blog post, here’s the easy answer: Yes! Ok, if you have a few extra minutes, read on for more information. I’m writing this post in the Spring of 2022 just when the real estate market is starting to show signs of softening. […]. The post Appraisal Blog The Realtor’s Guide to Appraisals Part 6: Can I Give Sales to an Appraiser?
Housing Wire
MAY 16, 2022
Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). That’s good news after the economic impacts of the Covid-19 pandemic hit borrowers hard, making it difficult for Americans to pay their mortgages.
Appraisal Buzz
MAY 17, 2022
A “luxury” home is not so much about price tag as it is about quality and customization. At its core, it’s any home that is a step above typical or even high-end traditional homes in the area. So, you don’t have to live in an area full of sprawling mansions and multi-million-dollar homes to become a luxury home appraiser. There are many reasons why appraising luxury homes is recommended for real estate appraisers.
McKissock
MAY 18, 2022
The first thing anyone involved in the home selling process should think about is the curb appeal of a property. It’s what catches someone’s eye and invites them to tour the house, so it can make or break how long a home is on the market. Read on to learn about the importance of curb appeal in selling a house. 1. Landscaping Makes the First Impression.
GoForrmz
MAY 18, 2022
How field service teams are using digital forms to increase productivity Reduce the hours, inevitable errors, and time it takes to complete manual tasks with digital forms and Automated Workflows. If your team is doing everything by hand, you’re wasting money. People make mistakes, schedules can be wrong, and a paper might get lost. Even a typo on a customer’s contact can cost you!
Housing Wire
MAY 20, 2022
Sometimes you buy a house only to have to sell it sooner than you thought. Whether the property didn’t perform the way you thought it would or something else happens in your life that makes it impossible to afford the home, if you’re in a hurry to sell, you need to think outside the box. The traditional way to sell a home may take longer than you have to solve your financial issues, or you may just be in a hurry to sell and move on with your life.
Appraisal Buzz
MAY 18, 2022
Rick Hogle has joined Cherry Creek Mortgage , a nationwide, full-service mortgage lender, as chief revenue officer. Hogle brings a breadth of experience, proven leadership and industry expertise to his new role, as well as deep roots in retail production. He began his mortgage career in 2001 with New Century Mortgage, where he became one of the firm’s top originators in his first year and later a successful branch manager.
BiggerPockets
MAY 16, 2022
The year was 1999. An exclusive group of multi-billionaires gathered in Sun Valley, Idaho, just like they do every year. As usual, no reporters were allowed within miles of their […].
GoForrmz
MAY 16, 2022
Dynamically enhance your digital forms with Calculations that automatically populate additional form fields to gather thorough form data Did you know you can leverage Calculations to automatically generate additional Image fields as soon as they are needed? This functionality can be used to guide user entry, simplify form completion processes, further enhance data integrity, and much more!
Housing Wire
MAY 20, 2022
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Bluffton, South Carolina. Historically viewed as a place to drive through on the way to Savannah, Georgia or the popular vacation destination of Hilton Head, Bluff ton has really come into its own over the past 10 years.
Appraisal Buzz
MAY 18, 2022
LexisNexis has released its first True Cost of Fraud for Real Estate study which examines fraud trends for the United States based on the answers of 360 risk and fraud management executives which found that mortgage lenders are especially vulnerable through online and mobile channels. The report will also track “pain points” related to fraud detection, prevention, … The post $1 of Mortgage Lending Fraud costs over $4 to Recover appeared first on DSNews.
McKissock
MAY 17, 2022
A “luxury” home is not so much about price tag as it is about quality and customization. At its core, it’s any home that is a step above typical or even high-end traditional homes in the area. So, you don’t have to live in an area full of sprawling mansions and multi-million-dollar homes to become a luxury home appraiser. There are many reasons why appraising luxury homes is recommended for real estate appraisers.
Mashvisor
MAY 19, 2022
Finding foreclosures near me can provide the investor with a generous income with the right investment strategy. But how do you get started? Table of Contents What Are Foreclosures?
Housing Wire
MAY 20, 2022
Planet Financial Group will donate $100,000 to a project that distributes food surplus to food banks. The donation will be made to The Farmlink Project, a nonprofit organization that aims to reduce carbon emissions and save millions of pounds of fresh produce by connecting farmers to food banks. Since Farmlink launched in 2020, more than 50 million people received meals and about 70 million pounds of food were through the project.
Appraisal Buzz
MAY 16, 2022
In a new blog post, Ryan Jackson, Director of the Fannie Mae Enterprise Innovation Team, discusses the blockchain as it relates to the mortgage industry today. According to IBM, blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a … The post Real Estate and the Blockchain: Is it possible?
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