News By Edition

Despite the global pandemic, one marketing expert suggests that real estate investing, in particular the single-family rental investment space, is “booming.”

RCN Capital Chief Marketing Officer Erica LaCentra shared her outlook regarding the housing market beyond COVID-19 with Valuation Review.

Read on to learn more.

BBG appraisers Mary Ann Barnett and John Wright Jr., in an article titled “Converting Hotels into Multifamily Properties Can Improve Housing Affordability,” provided insight on the topic.   

There are other uses for hotel properties because of COVID-19, and both appraisers addressed that in detail.

Read on for more.

Valuation Review reached out to Russell Kitzberger, a residential and commercial appraiser (Pointer Appraisal Services, LLC) and a certified general appraiser providing real estate appraisal, litigation consulting, and expert witness services for attorneys, property owners, insurers, lenders, and government agencies.

He shared his thoughts on how appraisers have navigated the technologically challenged waters stemming from COVID-19 restrictions. He also discussed the future of the profession, as he sees it.

Read on to see more of our conversation with Kitzberger.

Anow powered by Voxtur, an artificial intelligence optimized valuation platform for the global appraisal market, hit a major milestone with 2,000 appraisals processed through its exclusive express order program, the company announced in a release. Read on to learn more.

Fundamental Underwriters, a specialty managing general underwriter with expertise in mid-market trucking insurance, has formed a partnership with Snapsheet, a pioneer in virtual appraisals, to utilize its appraisal services. Read on for more information.

In April, a drone operator in Goldsboro, N.C. started shooting drone photos and videos for Realtors, which included clients wanting more images with property lines.

Within two years, North Carolina issued an order to ground his drone, according to a release from the Associated Press.

Read on for more details.

The CoreLogic Loan Performance Insights report indicates 5.7 percent of mortgages were delinquent in February by at least 30 days or more including foreclosure.

This represents a 2.1 percentage point increase in the overall delinquency rates compared with February 2020.

Read on for more from this report.

According to the latest CoreLogic Home Price Index pertaining to millennial home purchases, an 11.3 percent annual gain was recorded in March, the highest in 15 years.

Mountain-West and Sun Belt regions saw heightened year-over-year growth, as well.

Read on to learn more.

Incremental increases in homeownership rates and home values among Black households would help shrink the current $3 trillion racial wealth gap by hundreds of billions of dollars.

This is projected to happen over the next decade, according to a new Zillow analysis.

Read on for more from this report.

Greystone has provided a $28.4 million HUD-insured loan to refinance a 198-unit multifamily property in Pembroke Park, Fla., according to a press release. Read on to find out more information.

CoreLogic released its Home Price Index (HPI) and HPI Forecast for December 2020.

The company provided a look back at the state of the housing market and the pandemic’s impact on home price performance throughout 2020.

Read on to learn more.

Lument has announced the closing of a $41.5 million Freddie Mac loan to refinance Hillcrest Country Estates Grand Lodge, an upscale senior living community in Papillion, Neb., according to a Freddie Mac. Read on to learn more.

Clear Capital said its interactive property valuation tool ClearProp is designed with at-a-glance insights in mind for any user to quickly and easily understand the subject property.

With access to data and analytics on nearly every U.S. property (150 million properties), the tool specifically allows users to understand characteristics, potential comps, market trends and identify data discrepancies across different property sources, the company said.

Read on to learn more.

Multi-state real estate certified general appraiser Russell Kitzberger shares more insight with Valuation Review, including some market trends moving forward.

After a very difficult year in the real estate industry stemming from the many restrictions brought on by COVID-19, there has been a feeling the profession truly embraced a “coming together” attitude by embracing the sharing of ideas to increase success.

Read on to find out more.

BBG has expanded its assessment services with the acquisition of Mach-8 Consulting, a York, Maine-based due diligence services firm specializing in HUD-insured property assessment projects, the commercial firm announced.

Terms of the acquisition were not disclosed.

Read on to learn more.

RCN Capital Chief Marketing Officer Erica LaCentra recently shared more with Valuation Review about whether a rise in the number of homes for sale will still fall short of the demand currently being seen.   

She said an increase in the housing supply during and beyond 2021 hinges constraints the new construction industry is facing due to rising material and lumber costs.

Read on for more of our conversation with LaCentra.

AXIS Lending Academy, a non-profit education program that offers free hybrid education training to people seeking a career in the mortgage industry, announced the formal launch of its operations. Read on to learn more details.

Tyler Technologies, Inc. has signed a five-year, $7.8 million agreement with the Cobb County Board of Tax Assessors in Georgia for Tyler’s CLT Appraisal Services and Assessment Connect solution, the company announced in a release. Read on for more terms of this agreement.

Accurate Group, a provider of technology-driven real estate appraisal, title data, analytics and eClosing solutions, recently acquired Coast to Coast Title & Escrow (CTC), a real estate title and closing company. 

The acquisition of CTC further expands Accurate Group’s local presence in the fast-growing southeast U.S., strengthens its national title insurance and closing capabilities and broadens its title and closing technology platform and loan origination system integrations, the company said.

Read on to learn more.

The Mortgage Bankers Association’s monthly CREF Loan Performance Survey showed delinquency rates for mortgages backed by commercial and multifamily properties decreased in April. Read on to learn more.