Valuations

Moody’s: Appraisal alternatives pose new credit risks

Could weaken credit quality of new RMBS
The use of technological alternatives to traditional residential property appraisals is likely to expand in the coming months and years, yet it could bring risk to the mortgage industry, or so says a new report from Moody’s Investors Service. Here’s why.
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Nearly two-thirds of U.S. housing markets see home prices hit all-time high

Housing inventory hits all-time low
The National Association of Realtors reported as housing inventory sank to its all-time low during the fourth quarter, home prices increased, creating all-new highs in many U.S. markets. A majority of the country saw an upswing in buyer interest at the end of last year, which ultimately put even more strain on inventory levels and prices.
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Share of homes in negative equity falls in Q4, despite turbulent hurricane season

But decrease slows to all-time low
The number of underwater homes shrank in the fourth quarter of 2017, despite the turbulent hurricane season. But ATTOM Data Solutions’ report showed while the share of homes with negative equity decreased, it was the smallest annual decline since the company began tracking in the first quarter of 2012.
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CoreLogic: Home prices to reverse course in January

Could decrease up to 0.4%
Home prices are increasing both month-over-month and annually, but that could soon reverse course and drop in January, according to CoreLogic's Home Price Index. But for now, more than one-third of the nation’s largest metro area housing markets are considered overvalued.
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Accurate Group launches portfolio valuation solution for capital markets

Designed for asset managers, hedge funds, and investment banks and firms
Real estate tech provider Accurate Group launched a new real estate portfolio valuations tool for capital market firms. The solution is a combination of the company’s ValueNet appraisal tech platform and industry-compliant appraisal processes unique to capital markets firms and provides fast, accurate valuations on portfolios.
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Will tax reform harm the housing market?

Depends on where you live and how much you make
For the most part, the latest tax reform will boost the average paycheck and do little to harm the housing market. However, according to two recent expert reports, the devil is in the details.
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