Sat.Jul 30, 2022 - Fri.Aug 05, 2022

Advantages of Starting Your Business in Cleveland

Cleveland Appraisal Blog

Are you considering starting a business in the Cleveland area? I moved from Denver, Colorado to the Cleveland area in 1996. It’s a great place to start a business! This week I welcome back guest blogger Seth Murphy who shares some advantages of starting a business in the Cleveland area. Enjoy!

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San Jose, California Tops List of Best Metros for Millennials

Appraisal Buzz

Nearly 72 million people living and working in the U.S. today are part of what’s commonly referred to as the Millennial generation, which currently represents the most significant cohort of the country’s demographics.

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When There’s No Comparison

The Appraiser Coach

If you’ve been a part of the appraisal world for long, you’ve had this experience. You’ve just submitted a completed report that you feel pretty good about. Soon afterward, however, Read More.

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Sixth recession red flag raised, despite strong jobs report

Housing Wire

What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec.

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Buyers are making less aggressive offers

Sacramento Appraisal Blog

Good news. Buyers aren’t having to make aggressive offers like they used to (even when there are multiple offers). Let’s talk about this today. I suspect this is true in many areas across the country. I’d love to hear your take.

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What Appraisers Need to Know About Quality Control

Appraisal Buzz

Today’s Buzzcast interview is with Todd Rasmussen, President and Chief Operating Officer of Equity Valuation Partners. We sat down with Todd and Joan Trice, Founder of Allterra Group, LLC, to discuss what appraisers need to know about the current market, quality control, and new technology.

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More Trending

Can lower mortgage rates stop the housing recession?

Housing Wire

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year fixed to as high as 6.28% , then recently got as low as 5% — only to have another move higher this week to 5.30%.

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More Prospective Buyers Are Actively Searching for a Home

Eyes on Housing

The share of prospective home buyers who are actively engaged in the process to buy a home rose to 49% in the second quarter of 2022, after declining for three straight quarters.

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The Value of Words in Valuation

Appraisal Buzz

Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards.

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5 Ways Digital Forms Support Extracurriculars

GoForrmz

Provide extracurriculars without the extra paperwork Most high schools offer lots of extracurricular activities–like music, robotics, sports, and mathletics! These activities allow students to learn valuable lessons and develop their individual passions.

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Fannie Mae to accept lender-funded down payment assistance

Housing Wire

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations.

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Buyers’ Expectations of Housing Availability Improve

Eyes on Housing

For the first time since 2020, prospective buyers expect housing availability to improve. After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022.

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Housing Adequacy Among Top Cities

Appraisal Buzz

The latest American Housing Survey conducted by the Census Bureau for the Department of Housing and Urban Development (HUD) has a disturbing statistic hidden among other larger findings—1 in 20, or 5%, of American homes don’t meet the standard of “a suitable living environment” as defined by the HUD.

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7 Major Home Inspection Issues {2022}

Raleigh Realty

Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise.

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Expect a foreclosure spike in the coming months

Housing Wire

Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months, although the foreclosure rate is still expected to remain below the pre-pandemic historical average, a new report from Auction.com contends.

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High Home Prices Is Main Reason Active Buyers Can’t Seal the Deal

Eyes on Housing

An earlier post revealed that 63% of buyers who were actively engaged in the process of finding a home in the 2nd quarter of 2022 have spent 3+ months searching for a home without success.

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The Average Homeowner has $233k in Equity

Appraisal Buzz

Credit bureau TransUnion has released its second quarter Credit Industry Insights Report which highlighted how the number of consumers with credit cards and personal loans has reached record highs, driven by an increase in loans to non-prime consumers.

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Improve Your University’s Orientation Program

GoForrmz

Rethink your college orientation curriculum Planning and executing a successful university orientation is never a simple task; it’s coordinating experienced and novice staff with students who’re potentially away from home for the first time.

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US employment back at pre-pandemic level

Housing Wire

Amid fears and talk of a recession , job growth in the U.S. remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior , according to data released Friday by the Bureau of Labor Statistics. After this latest job gain, the unemployment rate fell to 3.5%.

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Job Gains Soar in July Amid Recession Fears

Eyes on Housing

Job growth accelerated in July amid higher inflation and growing economic pressures. Total nonfarm payroll employment increased by 528,000, and the unemployment rate edged down to 3.5% in July. Construction industry employment (both residential and non-residential) totaled 7.7

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Housing Trends: Millennials and Migration

Appraisal Buzz

Nearly 72 million people living and working in the U.S. today are part of what’s commonly referred to as the Millennial generation, which currently represents the most significant cohort of the country’s demographics.

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Appraisers Share How They Found Their Supervisor

McKissock

Are you just starting your real estate appraisal career? Last month we asked our appraisal community, “How did you find your supervisor when you were first starting out?” Thank you to the large number of appraisers who shared their top tips for up-and-coming appraisers!

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New American Funding eliminates hundreds of jobs

Housing Wire

New American Funding has laid off hundreds of employees across multiple rounds of workforce reductions this year, multiple former employees told HousingWire.

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Headship Stabilizes During the Pandemic Housing Boom

Eyes on Housing

Headship rates for all age groups have been trending lower over the last two decades, with important implications for the demand for home building.

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Due Diligence in the Non-QM Space

Appraisal Buzz

An upcoming webinar will explain how non-QM products may be the right fit for “out of the box” borrowers, but proper diligence is key to getting these borrowers into the home of their dreams. The post Due Diligence in the Non-QM Space appeared first on DSNews.

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In Some Fla. Markets, Home Prices Exceed Incomes

Empire Appraisal Group

In Some Fla. Markets, Home Prices Exceed Incomes. By Catie Wegman. Source: In Some Fla. Markets, Home Prices Exceed Incomes | Florida Realtors. Moody’s Analytics considers some Fla. metros “overvalued” because it says the average local resident can’t afford to buy a local median-priced home.

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Banking agencies get deluge of feedback on CRA proposal

Housing Wire

Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes.

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Second Quarter of 2022 Homeownership Rate at 65.8%

Eyes on Housing

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.8% in the second quarter of 2022, which is statistically unchanged from the last quarter reading (65.4%). The national rental vacancy rate slipped to 5.6%, while the homeowner vacancy rate stayed at 0.8%.

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Seminar Addresses Common Complaints Against Appraisers Through Case Studies

Appraisal Buzz

Disciplinary complaints are a hot topic these days with appraisers. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, complaints against appraisers are becoming more and more common.

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Appraisal Comparable Guidelines – What Do Appraisers Look For in Comps?

Realvals

One of the most essential parts of any appraisal is the comparable properties that the appraiser chooses for the Sales Comparison Approach. These “comps” are used to determine the value of your property, so choosing the wrong ones can have a positive or negative effect.

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Unpacking the top housing regulations to watch at HW Annual on Oct. 4

Housing Wire

The current administration has been in office for over a year and a half, and with that tenure, a lot of the new housing officials have had time to create and announce their core initiatives.

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Banks Report Unchanged Home Lending Standards

Eyes on Housing

In the second quarter iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices, banks reported largely unchanged lending standards across all residential real estate (RRE) loans.

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Does Home Ownership Affect Racial Wealth Disparities?

Appraisal Buzz

Home ownership is the gold standard when it comes to safe investments, and for low-income residents it can be a reliable vehicle to build generational wealth. But in terms of wealth inequality, how far does homeownership go toward closing the gap between households of color and white households?

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JLL acquires valuation advisory firm

Valuation Review

JLL recently acquired Metropolitan Valuation Services (MVS). MVS is one of the largest independent commercial property appraisal and real estate consulting firms in the New York City area. Read on to find out more about this acquisition

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