Valuations

Monday Morning Cup of Coffee: Ben Carson backtracks on plan to raise rents for poor

Plus what to expect in world economy’s most important week
HUD released a plan in April that HUD Secretary Ben Carson says will push millions of low-income households toward self-sufficiency. Now, he could be pulling back from that proposed plan. Also, here’s everything you need to know about the most important week of the year for the world economy.
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CoreLogic: Home equity gains top $1 trillion in first quarter

84,000 residential properties regain equity
Home equity increased 13.3% in 2018 for mortgage borrowers, representing a gain of $1.01 trillion since 2017. CoreLogic President and CEO Frank Martell said he predicts that strong economic growth and higher purchase demand will continue to raise home equity balances across the nation.
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CoreLogic: Home values increase in all 50 states

Construction and supply are still roadblocks
Home prices for all 50 states increased year over year in April as construction and supply continue to impact the housing market. CoreLogic explained new construction has failed to keep up with and meet new housing growth or replace existing inventory.
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Greater Austin should keep getting great property values into 2019

Appreciation for the Heart of Texas
[Expert Commentary] For some time, the Austin area has also been able to lay claim to an upward trending economy that currently includes projected real estate appreciation of 5.4% over the next year. With a current supply of homes that has been inching up, and now stands at 3.3 months, the rapidly growing metro area is certainly likely to keep the Lone Star state popular with lenders.
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Las Vegas residents may need deeper pockets

Ranked most the overvalued housing market in the nation
Perhaps underperforming income growth and rising unemployment would suggest low home prices, but Las Vegas is the most overvalued housing market in the nation. Fitch Ratings explained although the city’s price to rent remains lower than buying a home and the population is growing, home prices still have overshot economic fundamentals.
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Marc Hinkle promoted at Assurant Mortgage Solutions

Will serve as managing director of Assurant Valuations
Assurant Mortgage Solutions announced Monday it promoted Marc Hinkle to managing director of Assurant Valuations. The company said Hinkle will oversee product lines for Assurant's valuations business, as well as lead strategy and innovation while strengthening the company's presence in key markets.
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How data and technology innovation are transforming valuations

Technological paradigm shift underway is setting a new standard for valuations
[Expert commentary] Technology innovation is rapidly permeating every aspect of mortgage lending to streamline the loan manufacturing process and open the door to a better borrower experience. We are already seeing a measurable reduction in turn times with no degradation in quality, and more progress is expected. The desire to achieve more efficient and accurate valuations that will bring consumers to the closing table faster is no longer an aspiration, but a reality.  
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