Housing Wire
JUNE 3, 2022
Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. We did have some minor negative revisions to the prior reports, but the 10-year yield stayed firm after the announcement at 2.95%, with no real movement.
Sacramento Appraisal Blog
MAY 31, 2022
The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold. Yet there is no mistaking a different […].
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The Appraiser Coach
MAY 31, 2022
Have you ever walked into a house and thought, what room did I just walk into? Identifying and analyzing rooms will make a big difference for your customers and for. Read More.
George Dell
JUNE 1, 2022
This week’s blog, Is this a Time of Ripeness? is a guest post written by Steven Smith, MSREA, MAI, SRA, AG. See below for a more detailed bio. Appraisal sins are forgiven when the markets are strong, and prices are increasing at double digit rates as they have been. Once prices stop going up, deficiencies […]. The post Is this a Time of Ripeness?
Housing Wire
JUNE 3, 2022
After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Jobs Report released on Friday. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% higher than its pre-pandemic level.
Appraisal Buzz
MAY 31, 2022
I learned a number of things from the experience of wrestling a 450-pound bear, some of which have not only aided me in life in general, but more specifically in my appraisal practice. During the summer between high school and college, my best friend and I saw an ad that said anyone who could pin Victor the Wrestling Bear to the mat for 10 seconds would win a brand new Galaxy XL 500 convertible.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Eyes on Housing
JUNE 1, 2022
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 jumped to 449,000 unfilled positions in April. This is the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and.
Housing Wire
JUNE 2, 2022
Purchase mortgage rates this week averaged 5.09%, essentially flat from the prior week, according to the latest Freddie Mac PMMS. A year ago at this time, 30-year fixed rate purchase rates were at 2.99%. The government-sponsored enterprise index accounts solely for purchase mortgages reported by lenders during the past three days. “Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,” said Sam Khater,
Appraisal Buzz
JUNE 1, 2022
Today’s Buzzcast interview is with Rob Chrisman, owner of The Chrisman Report. We sat down with Rob and Joan Trice, Founder of Allterra Group, LLC, to discuss secondary markets and the mortgage industry. What is The Chrisman Report? What do capital markets and appraisers think about the appraisal waiver? How can we look at secondary markets from a lender perspective?
Raleigh Realty
JUNE 2, 2022
If you're searching for things to do in Raleigh, North Carolina, we have you covered. In fact, whether you’re planning a staycation or looking to have a night out, we have recommendations you’re sure to love. Please allow us to welcome you to one of the world's best cities. If you're moving to Raleigh, then there's a good chance you've already discovered the magic of the City of Oaks.
Eyes on Housing
JUNE 2, 2022
Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the fourth quarter of 2021 due to strong demand and low vacancy rates. However, the decline in the number of apartment and condominium completions in the fourth quarter of 2021 may reflect the ongoing supply chain challenges.
Housing Wire
JUNE 2, 2022
In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami answers questions from our HW+ member community. One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. As a member of HW+, you get access to 30-minute Slack Q&As , where we invite the HW Media newsroom to break down the hottest topics in the industry.
Appraisal Buzz
MAY 31, 2022
As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. It’s an honor to play such an important role, but it’s also important to remember that lending programs are required to follow strict practices to protect the lenders and their investors against collateral risk. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate.
GoForrmz
JUNE 1, 2022
Prioritize your employee safety: keep each other safe in the workplace Regardless of your business type, safety is imperative in everything you do. From tracking inventory, to using ladders or forklifts, to working on a construction job site, monitoring health and safety is something every business must be aware of. The question is, what health and safety measures does your organization have in place?
Eyes on Housing
MAY 31, 2022
National home prices grew at an unsustainable pace in March, reaching an all-time high. This indicates that the imbalanced market with strong demand and record-low inventory continued to put upward pressures on home prices. However, keep in mind this is a backward-looking reading. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.
Housing Wire
JUNE 1, 2022
Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. “Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Appraisal Buzz
JUNE 3, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: Sagent & Consolidated Analytics Partner to Streamline Order Management and Automate Valuation Process for Default Servicers appeared first on Appraisal Buzz.
Appraiserblogs
MAY 31, 2022
From one of my appraiser colleagues in NYC on a McKissock class, taught by Dan Bradley, husband of Michelle Bradley who is chair of the Appraisal Standards Board of The Appraisal Foundation (this is COMPLETELY UNETHICAL). TAF BOT (the leadership that brought us the bat-s**t crazy letter) is meeting in sunny Palm Springs San Diego right at this moment (probably to determine meanings of words like “The” and “This” and “That” and perhaps considering a new take on “misleading” that is still on the b
Eyes on Housing
JUNE 3, 2022
In May, total nonfarm payroll employment increased by 390,000 and the unemployment rate was unchanged at 3.6%. Solid job gains continued in May, despite surging inflation, persistent supply-chain issues, and fears of a possible recession. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level.
Housing Wire
JUNE 1, 2022
2022 HousingWire Rising Star Morgan Salama, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. Photo credit: Chris Plavidal. Strategy is the foundational element in building the future of the housing sector. And, if strategy is the foundation, we’d say that Morgan Salama is one of the key people building that foundation.
Appraisal Buzz
JUNE 3, 2022
A new study from First Street Foundation has determined that U.S. homeowners have shouldered approximately $81.7 billion in wildfire damage over the last five years. The post More Than 30 Million Properties at Risk of Wildfire appeared first on DSNews. The post More Than 30 Million Properties at Risk of Wildfire appeared first on Appraisal Buzz.
DW Slater Company
JUNE 1, 2022
Photo via Pixabay. We have written about relocation appraisals in the past and we appreciate our guest bloggers that contribute to our blog. Enjoy this guest post from Megan Cooper with Real Life Home. You just got the call—the job is yours! Now what? Relocating your family to take a job can be emotional, exciting, and stressful, but with a bit of preplanning and list-making, you can turn the process into a family adventure.
Eyes on Housing
JUNE 1, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in April after an increase of 0.7% in March 2022. Spending stood at a seasonally adjusted annual rate of $891.5 billion. Total private residential construction spending was 18.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.
Housing Wire
JUNE 1, 2022
From the White House and Congress to multiple federal agencies, one of the top concerns is housing affordability. Consumers are worried too. About half of U.S. adults (49%) say the availability of affordable housing is a major problem where they live, up 10 percentage points from 2018. The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did.
Appraisal Buzz
JUNE 3, 2022
Homebuyers are beginning to take back the wheel from homesellers, who have mostly prevailed over the last two years, as Redfin reports that more sellers are dropping the price of their homes amid rising interest rates and growing affordability concerns. Pending sales in May posted their largest declines since the pandemic took hold of the … The post Redfin Reports Buyers Are Finding More Power appeared first on DSNews.
Empire Appraisal Group
JUNE 2, 2022
Is FOMO Fueling the Real Estate Market? Source: Is FOMO Fueling the Real Estate Market? | Florida Realtors. By Amber Randall. Housing markets continue to run hot, despite rising interest rates and home prices. Some researchers worry a fear of missing out may be fueling the current trend. FORT LAUDERDALE, Fla. – Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot.
Eyes on Housing
MAY 30, 2022
Over the past 12 months, the cost to multifamily developers of compensating their employees increased by an average of nearly 12 percent, according to results from NAHB’s latest Multifamily Market Survey (MMS). The first quarter 2022 MMS, sent electronically to a panel of multifamily developers on April 12, included a special question on how much compensation costs have increased for.
Housing Wire
JUNE 3, 2022
Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. In a disclosure made public Thursday afternoon, the company said the cuts amounted to 5% of its employee base. Most of the job losses will hit the originations side of the business. About 16% of the staff losses will affect California staffers, and will take effect in July.
Appraisal Buzz
JUNE 3, 2022
According to a new report from RentCafe, an Austin suburb —Round Rock— has been named the best city for renters in 2022, as Texas reconfirms the rising appeal as a coveted place to live. Raleigh, North Carolina came in second place, followed by small cities located mainly in the South and Southeast. This new data … The post Small, Lively Cities Considered Best Locations to Rent appeared first on DSNews.
GoForrmz
MAY 31, 2022
Let GoFormz get your digital forms where they need to go GoFormz is all about helping you run your business in the most efficient ways possible. From using our mobile forms app to track your data on the go, to leveraging our seamless integrations to connect your forms with other platforms, we want you to focus on your business; not the painstaking details.
McKissock
MAY 31, 2022
. Summertime is finally here and with it comes a new quarter and a chance to execute your real estate marketing plan. How do you make sure your real estate marketing plan moves you forward this quarter and brings your business to the next level? It starts with being strategic, setting goals, and holding yourself accountable for executing those goals.
Housing Wire
JUNE 3, 2022
United Wholesale Mortgage ’s CEO Mat Ishbia is a finalist to buy the Denver Broncos, which have been up for grabs since February 2022. As first reported by 9NEWS , four contenders are currently in the running to snatch the team: Ishbia and his brother Justin Ishbia, who owns 22% of UWM; Josh Harris, owner of NBA Philadelphia 76ers and NHL New Jersey Devils; Rob Walton, son of Sam Walton, who was the founder of Walmart; and Jose Feliciano, co-owner of Clearlake Capital, which was the money behind
Appraisal Buzz
JUNE 3, 2022
Black Knight Inc. has launched a new lead-quoting application programming interface (API) that connects lead-aggregation vendors to the array of product and pricing information in the Optimal Blue PPE product, pricing and eligibility engine. This new API enables lead-quoting vendors to display real-time rates on behalf of lenders using the Optimal Blue PPE.
Mashvisor
MAY 31, 2022
Property investments are not restricted to the standard buy-to-let design, and some may ask if furnished apartments are suitable for investors. Table of Contents What Are Furnished Apartments?
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