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The housing market just slid into a full-blown correction, says top economist Mark Zandi

The housing market just slid into a full-blown correction, says top economist Mark Zandi

by Third Party | May 27, 2022 | Current News & Events, Industry Updates, Mortgage Information, Real Estate Agent Tools

Source: Fortune —  Moody’s Analytics chief economist Mark Zandi is ready to call it. He tells Fortune that we’ve officially moved from a housing boom into a “housing correction.” The real estate data rolling in for April and May shows...
Prequal, Profitability, Due Diligence, Underwriting Tools; FHFA News: Appraisal Management

Prequal, Profitability, Due Diligence, Underwriting Tools; FHFA News: Appraisal Management

by Third Party | May 27, 2022 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News

Source: Mortgage News Daily —  Yesterday I visited Sacramento to speak to an audience of real estate agents and originators in a joint MGIC/Golden 1 Credit Union event. The mood was good, and much of the discussion was about rent (give or take a little, 50...
‘A challenging mortgage market environment’: IMB profits plummet in first quarter

‘A challenging mortgage market environment’: IMB profits plummet in first quarter

by Third Party | May 27, 2022 | Current News & Events, Industry Updates, Mortgage Information

Source: Scotsman Guide —  Independent mortgage banks and mortgage subsidiaries of chartered banks posted a net gain of $223 on each loan they originated in the first quarter, according to the latest Quarterly Mortgage Bankers Performance Report from the Mortgage...
Southern Utah real estate hits new all-time highs, but asking prices stop escalating

Southern Utah real estate hits new all-time highs, but asking prices stop escalating

by Third Party | May 27, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: The Spectrum —  St. George’s fast-rising housing market hit a new record high in April with the median sales price of a single-family home rising to $560,000, up more than 30% compared to April of last year. The rising sales price has risen sharply...
Gov. Spencer Cox points to two problems in Utah’s housing crisis: Airbnb and Vrbo

Gov. Spencer Cox points to two problems in Utah’s housing crisis: Airbnb and Vrbo

by Third Party | May 27, 2022 | Current News & Events, Industry Updates, Real Estate News

Source: Salt Lake Tribune —  Thousands of potentially affordable homes in Utah are being deployed instead as short-term rentals in a trend that is worsening the state’s housing shortage, according to Utah Gov. Spencer Cox. While also calling for more residential...
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