Valuations

Raising children no longer pushes new parents to get a mortgage

Renting families increase up to 73% in some areas
Millennials waited longer than previous generations to enter the home-buying market, a phenomenon many experts blamed on low housing inventory, higher student loan debt and the younger generation’s decision to delay having a family. But now, a new study shows that even having children may not be as strong of a motivator to buy a home as it once was.
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Class Appraisal promotes Jon Tallinger to chief growth officer

Tallinger named to newly created role
Class Appraisal announced on Monday that it promoted Jon Tallinger to serve as its chief growth officer. "In the newly created role, Jon will continue to drive growth with Class’s existing accounts but will also focus on new channels and new valuation product offerings that will allow Class to lead the charge in the changing valuation landscape," Class Appraisal President John Fraas said.
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Core Logic: Mortgage rates average a 7-year high

Despite high home prices, demand is strong for homeownership
Home prices continued to climb in May, according to the latest Home Price Index report from CoreLogic. CoreLogic President and CEO Frank Martell says even in the most expensive markets, renters are four times more likely to purchase than homeowners are willing to sell.
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An inside look at the battle over AVMs

What exactly makes a company’s valuation system a “trade secret”?
[Expert commentary] There's a serious battle being waged right now over automated valuation models. Some in the housing industry love AVMs, while others despise them. And AVMs only seem to be growing in popularity. But what happens if one company gets accused of stealing another company's AVM formula?
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ATTOM Data Solutions launches new automated valuation model

New "lender-grade" AVM available for 80 million homes
ATTOM Data Solutions announced it has partnered with AVM Analytics to launch a new, lender-grade automated valuation model. ATTOMIZED AVM is available for 80 million U.S. homes, is targeting real estate investors, real estate portals, insurance providers, mortgage companies, appraisal management companies, and more.
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Cushman & Wakefield files for IPO

Real estate giant files for IPO, hoping for $1 billion and valuation of $5 billion
Commercial real estate mega-company Cushman & Wakefield filed for IPO, the next step on its path to ascending to the top rung with CBRE and JLL. Last year, Cushman’s revenue was $6.92 billion. In 2017, CBRE registered $14.2 billion and JLL registered $7.9 billion in revenue.
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FHFA: Home prices rise slowly

Interest rates contribute to continual slowdown
Home prices increased slightly in April, rising only 1% from March. Capital Economics says as interest rates continue to rise and mortgage lending stays tight, there will be a continual slowdown in annual price growth.
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Efficient collateral valuation: Keys to lending success

Here are three keys to success
While 2018 will be a tougher year for lenders, originators can still generate solid revenue and profit for their institutions with effective marketing and loan fulfillment programs. Better than that, by focusing their efforts on the right products, they will also have the opportunity to build stronger relationships with existing bank customers and credit union members, positioning themselves for additional business when volume increases in the future. Here are the three keys to succeed in this business.
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Monday Morning Cup of Coffee: Trump to nominate Kathy Kraninger to lead CFPB

White House confirms OMB official will be named to lead agency
On Saturday, the White House confirmed that President Donald Trump will nominate Office of Management and Budget official Kathy Kraninger to lead the Consumer Financial Protection Agency. Plus, Zillow and Trulia are hit with a patent infringement lawsuit and megabanks are set to pay out more than $170 billion to shareholders.
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