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Aug 15, 2018

North Dakota Seeks Appraisal Waivers for Some Residential Loans: Report

Officials in North Dakota are seeking a temporary appraisal waiver for residential loans up to $500,000, citing a shortage of qualified appraisers, Mortgage Daily reported Aug. 6. The joint request came from Gov. Doug Burgum, the Department of Financial Institutions and the North Dakota Bankers Association.

 
Aug 15, 2018

Fannie Mae No Longer Requires Form 1004MC in Updated Selling Guide

Appraisers are no longer required to use form 1004MC, effective immediately, Fannie Mae announced Aug. 7 when releasing its updated Selling Guide. The change was anticipated and is expected to simplify reporting for appraisers and review for lenders. Appraisers still are responsible for analyzing and accurately reporting market conditions.

 

Aug 15, 2018

Report Shows Possible Multifamily Downturn, Reveals Market Opportunities

While the multifamily market currently is strong, a downturn is expected over the next three years, making this a good time for both investors and sellers — depending on the city, according to online marketplace Ten-X, HousingWire reported Aug. 6. Houston is the top city for investors, while Miami is the top city for sellers.

 
Aug 15, 2018

CMBS Delinquency Improves, Might Fall Below 3 Percent, Report Shows

The delinquency rate for commercial mortgage-backed securities is at a new low and might fall below 3 percent by the end of the year thanks to the resolution of distressed legacy loans and a healthy level of new issuance, according to analytics firm Trepp, National Real Estate Investor reported Aug 8.

 

Aug 15, 2018

Commercial Real Estate Prices Steady, Cooling Expected, Report Shows

Overall commercial real estate pricing indexes were steady in July, with some sectors fairing very well, including industrial properties, manufactured homes and student housing, while others declined significantly, including shopping centers and malls, according to analytics firm Real Capital Analytics, MBA NewsLink reported Aug. 9.

 
Aug 15, 2018

Demand for Small-cap CRE Remains Positive but Reveals Slowdown: Report

Demand for small-cap commercial real estate remained positive during the second quarter, but showed signs of erosion, according to analytics firm Boxwood Means, MBA NewsLink reported Aug. 9. The 37.4 million square feet of occupancy gains for first half 2018 is the worst mid-year performance since 2011.

 

Aug 15, 2018

Properties with Solar Panels Have Other Energy Features, Survey Finds

More than half of real estate appraisers say they have found that properties with solar panels also have energy-efficient upgrades or are built to a high-energy efficiency standard, such as Energy Star or LEED, according to a joint Appraisal Institute, Lawrence Berkeley National Laboratory and Sandia National Laboratory survey, AI announced Aug. 15.

 
Aug 15, 2018

Existing Home Prices Reach New High; California Cities Top List: NAR

The median price of existing single-family homes during the second quarter reached a record high of $269,000, a 5.3 percent increase from the same point last year, the National Association of Realtors reported Aug. 8. The three most expensive markets were in California: San Jose, San Francisco and Anaheim/Santa Ana.

 

Aug 15, 2018

Fewer Consumers Say Now is Good Time for a Home Purchase: Fannie Mae

Fewer consumers believe now is a good time to buy or sell a home, citing high home prices and concerns about job security, Fannie Mae reported Aug. 7 in its Home Purchase Sentiment Index. This is the second consecutive index drop.

 
Aug 15, 2018

Cumberland, Maryland, Top Depreciating Housing Market, Report Shows

The housing market in Cumberland, Maryland, is forecast to depreciate more than any other market over the next 12 months, according to analytics firm VeroForecast, HousingWire reported Aug. 8. The forecast is based on slow population growth, population declines or proximity to a slow-growth metro.

 

Aug 15, 2018

Mortgage Rates Take Slight Dip

Mortgage rates inched back during the past week, providing a little relief for homebuyers, Freddie Mac reported Aug. 9 in its Primary Mortgage Market Survey. However, rates are 3.9 percent higher than at the same point last year.

 
Results: 11 Articles found.

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