Valuations

FHFA: Home prices increase 0.2% in July

East South Central division sees weakest annual house appreciation of all divisions
Home prices increased in July, inching forward 0.2% from June, according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division once again saw the strongest appreciation growth.
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Restarting motor city

After bankruptcy and bailout, fortunes in Detroit-Warren-Livonia, Michigan MSA are turning over again
Five years ago, Detroit, the principal city in the Detroit-Warren-Livonia, Michigan Metropolitan Statistical Area, was declaring bankruptcy with debt estimates as high as $20 billion. This summer, those troubles seem comfortably in the rearview, according to the latest VeroFORECAST, which shows that real estate values in the nation's 14th most populous MSA are predicted to increase at an average of 6.8% over the next 12 months.
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Is a home improvement loan worth it? Goldman Sachs, HouseCanary team to help borrowers decide

Launch home addition calculator
Goldman Sachs appears ready to continue growing its home improvement lending business, and it’s going to use one of the housing industry’s data leaders to help them do it. Goldman Sachs is partnering with HouseCanary to launch a “Home Addition Calculator,” which will help borrowers figure out if a home addition is worth it or not.
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This southern MSA's property values keep rising

Which city has seen an uptick in appreciation?
This southern city is predicted to see a 7.6% rate of real estate appreciation over the next year and is ranked 39th out of 354 MSAs analyzed in Veros' latest VeroFORECAST. Where is it? Read more to find out.
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FHFA: Home prices rise at slowest pace in last four years

Home prices up 6.5% from Q2 2017
Home prices slightly increased in the second quarter of 2018, rising only 1.1% but still up 6.5% from the second quarter last year. Furthermore, home prices increased in June, rising 0.2% from May, according to the latest monthly House Price Index from the Federal Housing Finance Agency.
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Pro Teck Valuation Services acquires Direct Valuation Services

Pro Teck to leverage synergies with DVS to expand offerings and client base
The trend of consolidation among appraisal management companies is about to continue, as Pro Teck Valuation Services announced this week that it bought cloud-based valuation fulfillment platform and appraisal management company Direct Valuation Solutions.
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The No. 1 U.S. market just got more affordable

Builders focusing on more affordable housing
Affordability continues to drop as home prices and interest rates rise and homebuyer demand grows. But in one market, the price for new homes just dropped, making it just a little more affordable for first-time homebuyers. Here’s why.
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Bottom's up: Here are 10 markets projected to see depreciation

See which markets are projected to depreciate or stay the same
Veros' Eric Fox breaks down the U.S. markets with lowest projected appreciation. Of the previous quarterly report's 10 MSAs predicted to depreciate or remain unchanged over the next year, seven moved up and out of the bottom list this quarter. Read more to find out which markets made the list.
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Trump administration calls for sweeping changes to financial ecosystem

“Regulatory sandboxes,” eMortgages, online notarization, automated appraisals, more
The Trump administration on Tuesday called for a series of changes to the country’s financial and mortgage ecosystems that, if enacted, would supercharge the financial industry’s technological revolution, upend the current regulatory environment, and potentially change the face of mortgage lending.
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