Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How Freddie Mac is addressing affordable housing challenges

Freddie Mac is focused on addressing limited access to credit, housing inequalities, creation and preservation of affordable housing supply and advancement of homeownership education.

How to increase minority homeownership?

Today’s HousingWire Daily features a roundtable discussion from HousingWire’s Lunch & Learn series that looks at “Unpacking the lender’s vital role in increasing minority homeownership.”

Investments

Moodys: Home sales and homebuilding will take off in 2015

Record-low inventories will drive homebuilding

Moody's Investors Services is bullish on housing and homebuilding for 2015, as they say the year will start with near-record low inventories of completed and unsold new homes, and low inventories of existing homes.

They’re specific: The sector’s revenues will grow by more than 10% year-over-year through 2015, and weighted industry gross margins will exceed 20%.

“We expect total housing starts in 2015 of 1 million – 1.2 million, up from 975,000 – 1 million for 2014, and new home sales will climb to about 500,000 – 525,000, up from about 450,000 for 2014,” analysts say. “Prices will increase at a more modest rate than in 2014, but affordability will remain strong by historical standards, enticing buyers.”

So what will get homebuyers off the sidelines? Real household income growth must resume, they say, to bring that pent-up contingent of  first-time homebuyers to the table.

Click to enlarge

(Source: Moodys Investor Services)

There could be headwinds, they caution.

“The tight supply of skilled labor and stringent mortgage underwriting, along with higher material costs and a limited number of finished building lots, could also constrain the industry's ongoing recovery,” Moody’s says.

The full report is available through Moodys.com, and was prepared by analysts Joseph Snider, Tiina Siilaberg and Karen Nickerson.

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3d rendering of a row of luxury townhouses along a street

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