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Is real estate appreciation shifting west?

Just as America’s population growth moved west from the Atlantic, real estate appreciation is trending in that direction, too. According to projections from Veros released last month, a graph of the nation’s highest-appreciating Metropoli...

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Mortgage industry increases focus on jumbo loans amid rising home prices

Launch multimillion-dollar home loan products. Several players in the mortgage industry are increasing their focus on higher loan amounts for residential home buyers as home prices continue to increase. The median price for a home in California, for ...

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CoreLogic and The Columbia Institute to launch appraiser training program

The two companies have teamed up to train a pipeline of tech savvy-appraisers CoreLogic and its subsidiary The Columbia Institute are launching an appraiser training program. The impetus behind the program is to bolster the ranks of appraisers in the...

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ClosingCorp to integrate CoreLogic Property Tax Estimator

ClosingCorp to enhance its SmartFees service with CoreLogic’s tech in Q3 HousingWire Tech 100 winner ClosingCorp, a residential real estate closing cost data and technology company, is integrating CoreLogic’s Property Tax Estimator with its S...

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Raising children no longer pushes new parents to get a mortgage

Renting families increase up to 73% in some areas. Millennials waited longer than previous generations to enter the home-buying market, a phenomenon many experts blamed on low housing inventory, higher student loan debt and the younger generation’s...

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Class Appraisal promotes Jon Tallinger to chief growth officer

  Tallinger named to newly created role. Class Appraisal, an appraising management company, announced on Monday that it promoted Jon Tallinger to the newly created position of chief growth officer. Prior to his promotion as chief growth officer,...

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Core Logic: Mortgage rates average a 7-year high

Despite high home prices, demand is strong for homeownership Home prices continued to climb in May, according to the latest Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. (Source ...

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An inside look at the battle over AVMs

What exactly makes a company’s valuation system a “trade secret”? An intellectual property court case that was decided this spring has elevated the topic of Automated Valuation Models, or AVMs, into the public discourse. While normally confined...

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Mortgage rate decline isn’t helping your borrowers

  Mortgage payments still up 18% from last year Mortgage rates are currently decreasing, falling in four of the past five weeks, and yet new borrowers are still paying significantly more on their mortgages than those who bought a home this time ...

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ATTOM Data Solutions launches new automated valuation model

New “lender-grade” AVM available for 80 million homes. ATTOM Data Solutions announced it partnered with AVM Analytics, a valuation software development firm, to launch a new lender-grade automated valuation model solution, which it calls ...

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Cushman & Wakefield files for IPO

  Real estate giant files for IPO, hoping for $1 billion and valuation of $5 billion Commercial real estate mega-company Cushman & Wakefield filed for IPO, the next step on its path to ascending to the top rung with CBRE and JLL. According t...

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FHFA: Home prices rise slowly

Interest rates contribute to continual slowdown Home prices increased slightly in April, rising only 1% from March, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The FHFA monthly HPI is calculated using ho...

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Efficient collateral valuation: Keys to lending success

Here are Three Keys to Success Just one quarter into 2018, financial institutions are already experiencing stress in the face of diminishing mortgage loan origination levels and increasing competition. The Mortgage Bankers Association correctly predi...

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Monday Morning Cup of Coffee: Trump to nominate Kathy Kraninger to lead CFPB

White House confirms OMB official will be named to lead agency Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. Looking ahead to this week, HousingWire will be ...

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Monday Morning Cup of Coffee: Ben Carson backtracks on plan to raise rents for poor

Plus what to expect in world economy’s most important week Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on larger issues. The U.S. Department of Housing and Urban Developm...

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CoreLogic: Home equity gains top $1 trillion in first quarter

84,000 residential properties regain equity Homeowner equity topped $1 trillion in the first quarter of 2018, according to the Q1 2018 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider.  Home...

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CoreLogic: Home values increase in all 50 states

Home prices showed yet another surge in April as year over year values increased for all  50 states, according to the latest Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. Ho...

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Greater Austin should keep getting great property values into 2019

Appreciation for the Heart of Texas Texas independence and musical independents are closely associated with the Austin-Round Rock Metropolitan Statistical Area in Central Texas, the 35th largest metropolitan area in the U.S. All five counties that co...

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Las Vegas residents may need deeper pockets

Ranked most the overvalued housing market in the nation Perhaps underperforming income growth and rising unemployment would suggest low home prices, but Las Vegas is the most overvalued housing market in the nation, a new report for Fitch Ratings s...

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Case-Shiller: Rising mortgage rates, home prices pull on affordability

Current pace may not be sustainable Homebuyers are going to continue to need larger loans as home prices increase, according to the latest report released by S&P Dow Jones Indices and CoreLogic. The S&P CoreLogic Case-Shiller U.S. National...

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Valuation Partners launches tool for appraisal process

New solution seeks to increase transparency, minimize delays This week, appraisal management company Valuation Partners announced the launch of a new appraisal tool that aims to increase transparency and minimize delays associated with appraisal appo...

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NAR: Housing inventory hovers at all-time lows

  Drives home price growth in Q1 Inventory levels hovered at all-time lows in the first quarter of 2018, driving up home prices, according to the latest quarterly report from the National Association of Realtors. The median existing single-famil...

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Marc Hinkle promoted at Assurant Mortgage Solutions

  Will serve as managing director of Assurant Valuations Assurant Mortgage Solutions, a global provider of risk management solutions, announced it promoted Marc Hinkle to managing director of Assurant Valuations. In his new role as managing dire...

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How data and technology innovation are transforming valuations

Technological paradigm shift underway is setting a new standard for valuations Technology innovation is rapidly permeating every aspect of mortgage lending to streamline the loan manufacturing process and open the door to a better borrower experience...

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This Florida metro is predicted to see a rising tide of appreciation

Which Gulf Coast metro is predicted to see measured appreciation this year? In March 2017, the Sarasota Herald-Tribune published an article entitled “7 reasons Sarasota is (still) best place to live in Florida.” Though it may have sounded...

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Monday Morning Cup of Coffee: Start of year sees strongest home price growth since 2005

Happy Cinco de Mayo! Hispanic homeownership is booming This week, the U.S. celebrated Cinco de Mayo! Fun fact – Mexicans don’t celebrate this back in Mexico, except maybe in the state of Puebla. Also, to clear all confusion, this isn’t the Mexi...

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Seriously underwater properties see smallest ever annual decrease

Home equity growth slows in Q1 The first quarter of 2018 saw the smallest annual decrease in seriously underwater properties since ATTOM Data Solutions began tracking in the first quarter of 2013. At the end of the first quarter of 2018, more than 5....

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EXCLUSIVE: New data shows there is no housing affordability crisis

Much has been said in recent months about the mounting housing affordability crisis in the U.S., including blaming it for holding back home sales, suggesting how U.S. Department of Housing and Urban Development Secretary Ben Carson can solve the cris...

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CoreLogic: Rising home prices create unstable market conditions

Home prices showed yet another surge in March, causing worry over rising affordability issues, according to the latest Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. Home prices i...

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FHFA: Home prices still on the rise

But growth could see moderation in 2018 Home prices are still on the rise, increasing once again in February, according to the latest monthly House Price Index from the Federal Housing Finance Agency. Home prices increased 0.6% from January, the repo...

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Rolling the dice on Atlantic City

To quote Springsteen, “maybe everything that dies someday comes back.” In 1981, Louis Malle’s Atlantic City, starring Burt Lancaster and Susan Sarandon, joined the few dozen films nominated for all “Big Five” Academy Awa...

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Case-Shiller reports increase in home price growth

Experts say rising home prices won’t stop anytime soon Home prices increased across the U.S. in February, picking up the pace in annual price gains, according to the latest report released by S&P Dow Jones Indices and CoreLogic. The S&P Cor...

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Class Appraisal names Scot Rose chief innovation officer

Former president of Valuation Connect joins AMC Fresh off being acquired by Narrow Gauge Capital, appraisal management company Class Appraisal announced Monday that it named Scot Rose as the company’s new chief innovation officer. At Class, Rose wi...

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This is what sells for $1.23 million in the San Francisco area

Think home prices in your area are unaffordable? If you live in California, especially the Bay Area, you might be right. For everyone else, reading this article might help you feel better about home prices in your area. A home just sold in the Bay Ar...

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Over half of U.S. metros surpass pre-recession peak prices in Q1

Some metros up more than 60% During the first quarter of 2018, 54% of U.S. metros posted median home prices that surpassed their pre-recession peaks, according to the Q1 2018 U.S. Home Sales Report from ATTOM Data Solutions, a national property datab...

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First-time homebuyers struggle amid rising affordability challenges

Can only afford 20% of housing stock in some markets Affordability continues to slip across the U.S., falling even further from last year as home prices continue to rise and mortgage rates increase, according to a joint report from the National Assoc...

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Trend spotting: Appraisers take issue with Fannie Mae’s Collateral Underwriter

Still several mortgage lender benefits to using this tool As a mortgage underwriter, if I see something happen enough, it can become a trend. One thing I’ve noticed lately is appraisers are firing back against Fannie Mae’s Collateral Unde...

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CoreLogic acquires a la mode

Claims it’s the next step to its end-to-end valuation solution CoreLogic, a property information, analytics and data-enabled services provider, announced Thursday that it acquired a la mode technologies. a la mode provides subscription based softwa...

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Should borrowers be charged AMC fees and appraiser fees separately?

There are two sides to mortgage lending valuations at play here Earlier this week and article in LendingLife questioned the veracity of the recent Federal Housing Finance Agency working paper which concludes appraisal management companies provide lit...

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King County is king, and counting

Seattle continues to lead in home price growth While its sports teams, like those in every U.S. city, begin each season dreaming of a first-place finish, Seattle’s rate of real estate appreciation has topped the national charts for more than a ...

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Homeowners’ estimates move closer to appraised home values in March

Appraised values 0.36% below homeowner expectations Homeowner estimates came in 0.36% than appraised values in March. This is a closer gap than in February, when appraised values were 0.53% below homeowner estimates. This closing gap may be due to ho...

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AMCs respond to FHFA report they bring little value to appraisals

Just as likely to make mistakes Late last month, the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac published this “Working Paper” by their economists, Jessica Shui and Shriya Murthy. Here’s the short title: Are Appra...

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Monday Morning Cup of Coffee: Housing obstacles can’t hold back homebuyer demand

And what some cities are doing about affordable housing. Monday Morning Cup of Coffee takes a look at news coming across the HousingWire weekend desk with more coverage to come on bigger issues. It’s no secret that affordable housing continues to b...

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CoreLogic: Home prices increase for seventh consecutive month

Western states see increases in the double digits Home prices continue to surge, rising for their seventh consecutive month in February, according to the latest Home Price Index from CoreLogic, a property information, analytics and data-enabled solut...

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Black Knight: Tappable equity hits all-time high

Now 10% above previous 2005 peak Tappable equity surged to its highest dollar amount on record, far surpassing its previous 2005 peak, according to the latest Mortgage Monitor Report from Black Knight. Tappable, or lendable, equity increased to $5.4 ...

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Class Appraisal acquired by Narrow Gauge Capital

Valuations and appraisal management solutions provider acquired by private equity firm Private equity firm Narrow Gauge Capital announced it has acquired Class Appraisal, a valuations and appraisal management solutions provider. “We have made great...

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Experts: Homebuyers should prepare for onslaught of competition this spring season

High home prices here to stay The latest Case-Shiller report showed home prices are continuing to rise, but now experts say not only are those high prices here to stay, but homebuyers could be pummeled this spring by an increase in competition. One e...

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Case-Shiller: All top 20 U.S. cities see home price increases in January

Seattle, Las Vegas, San Francisco see highest annual gains Home prices increased in all top 20 U.S. cities, with the highest annual gains seen in Seattle, Las Vegas and San Francisco, according to the latest report released by S&P Dow Jones Indic...

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LendingLife reader: “Only a handful of AMCs will remain in a few years”

Industry left scrambling for solutions? Last week readers of LendingLife got a first look at the Veros, Valligent partnership promising to cut mortgage lending cost. In that article, it’s written that a big part of that cost savings would be ta...

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Home sales continue to soar in Bay Area

Sales over $1 million reach record high The Bay Area continues to see homes fly off the market even amid rapidly rising home prices, according to new data released by CoreLogic. The data shows a total of 4,929 new and existing homes sold in Alameda, ...

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FHFA: Home prices jump in January

Growth strongest on coasts Home prices increased in January, moving even faster than the levels of increase seen at the end of 2017, according to the latest House Price Index from the Federal Housing Finance Agency. Home prices increased by 0.8% from...

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LendingLife first look: Veros, Valligent partnership promises to cut costs for mortgage lenders

More accurate AVMs will help lower HELOC origination costs Veros Real Estate Solutions is announcing today that it entered into a new partnership with Valligent. Veros is a leading developer of enterprise risk management services and provides collate...

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Dart Appraisal acquires Valuation Management Group

Acquisition allows Dart to expand into commercial appraisals The appraisal management company announced Tuesday afternoon that it acquired Valuation Management Group, an appraisal management company based in Georgia. Valuation Management Group was fo...

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Trulia says housing actually growing more affordable

Low mortgage rates lower than 40 years ago A growing number of reports are pointing out the concerns surrounding diminishing affordability, however a new report from Trulia says housing is actually more affordable now than it was 40 years ago. In its...

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CoreLogic: Entry-level housing shortage pushes up home prices in January

Appreciate at faster rate than expensive homes Home prices increased in January, but the increase was even more pronounced among entry-level homes, according to the latest Home Price Index and HPI Forecast from CoreLogic, a property information, anal...

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Veros launches VeroPACE to assist PACE lenders with 2018 regulation

Product simplifies meeting multiple AVM requirement contained in new California laws Data, analytics and technology provider Veros Real Estate Solutions announced a solution for lenders specializing in Property Assessed Clean Energy, or PACE, loans i...

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CoreLogic: Housing market nearly recovered from recession

An in-depth look at the real estate economy since 2006 CoreLogic, a global property information, analytics and data-enabled solutions provider, released a report outlining the real estate economy from 2006 to 2017, showing that the housing market has...

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FHFA: Fourth quarter shows no letup in home price appreciation

Q4 home prices increase 6.7% annually Home prices increased in December, showing no letup in home price appreciation during the fourth quarter, according to the latest House Price Index from the Federal Housing Finance Agency. Home prices increased 1...

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Case-Shiller: Are home price increases leveling off?

Increased 6.3% annually in December Home prices increased in December at a faster pace than the previous month, however, some signs could be emerging to show a leveling off in home price increases, according to the latest report released by S&P D...

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