Valuations

Homeowners and appraisers close 2017 more in agreement than in the past 2 years

Appraised values still coming in lower than homeowner estimates
As 2017 came to a close, homeowners continued to estimate their home prices below appraised values, however they were more in agreement than anytime in the past two years. Quicken Loans shows after a drop at the beginning of 2017, appraised values and homeowner estimates have continued to edge closer together, narrowing the gap.
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Veros predicts housing boom for Washington state

Dominates the Top 5 market spots
The latest VeroFORECAST from valuations provider Veros shows market appreciation values will continue to increase, especially in the Northwestern region of the U.S. Additionally, expect a boom in Washington state as its major markets dominate the Top 5 markets.
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Global DMS integrates with Black Knight's LoanSphere

Collaboration integration provides supportive, secure gateway for lenders
Valuation software provider Global DMS announced its integration with Black Knight’s LoanSphere Exchange platform, an online, collaborative technology that connects more than 25,000 mortgage industry service and solution providers.
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Assurant names Scott McGregor managing director of American Title

McGregor previously served as the title company’s chief operating officer
“Scott has a proven track record of leading teams to operational excellence while maintaining a strong client-centric approach. His ability to successfully collaborate at all levels makes him the right leader for ATI, and I am confident he will play an important role in helping expand our capabilities in strategic markets,” said Dan Hoppes, Assurant's SVP of mortgage solutions.
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CoreLogic: Home prices jump 7% annually in November

But increases expected to slow in 2018
Home prices increased 7% from November 2016, but CoreLogic’s report shows these increases could begin to slow in 2018. CoreLogic’s chief economist explained rising home prices is good news for home sellers, but adds to the challenges that home buyers face.
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Value of U.S. housing market climbs to record $31.8 trillion

Renters now spending at record high
The total value of all homes in the U.S. increased in 2017 to a total $31.8 trillion, according to the latest report from Zillow. To put it in perspective, the total value of the housing market is 1.5 times greater than the gross domestic product of the U.S., and nearly three times that of China.
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Existing home sales set to end the year at highest point since 2006

Home prices to slow in 2018
Pending home sales inched up slightly in November, indicating home sales may rise to their highest point since 2006. But even as home sales increase at the end of this year, headed into 2018, NAR forecasts existing home sales and home price growth will slow primarily due to the altered tax benefits of homeownership in some high cost areas.
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Case-Shiller: Renting could become more attractive than home buying in 2018

Home prices rise 6% annually
Home prices increased in October, and experts are beginning to fear 2018 could block many potential buyers out of the housing market, forcing them to rent. The Chairman of the Index Committee explained that since home prices are rising faster than wages, salaries, and inflation, some areas could see potential home buyers compelled to look at renting.
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FHFA: Home prices continue to soar on West Coast

Rise 0.5% nationally
The FHFA’s latest report showed home price increases picked up the pace once again in October, especially in the Pacific region. The West Coast continues to see the highest home price increases in the country, far outpacing the national average annual increase.
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