Valuations

Relax, underwriters, it’s just rural

How to maximize appraisal underwriting approvals in rural markets
Recently, the rural housing landscape has sparked discussion about its lending, affordable housing availability, housing shortages and outreach to underserved demographics. A spotlight has been cast on the rural space with questions probing why rural properties often face excessive underwriting conditions for appraisal issues and how rural lending can be increased to differentiate an organization.
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FHFA: Home prices see slight increase in May

Increases in West South Central and Mountain division
Home prices increased slightly in May, rising only 0.2% from April, according to the latest House Price Index from the Federal Housing Finance Agency, demonstrating a continual slow down in home price gains.
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Is real estate appreciation shifting west?

Forecasts of higher real estate appreciation continue to tilt west
Just as America's population growth moved west from the Atlantic, real estate appreciation is trending in that direction, too. According to projections from Veros released last month, a graph of the nation's highest-appreciating Metropolitan Statistical Areas through May 2019 might look like a wave cresting towards the West Coast.
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ClosingCorp to integrate CoreLogic Property Tax Estimator

ClosingCorp to enhance its SmartFees service with CoreLogic's tech in Q3
ClosingCorp, a residential real estate closing cost data and technology company, is integrating CoreLogic’s Property Tax Estimator with its SmartFees service to improve the accuracy of its loan estimates and provide better data to mortgage pros. The integration is slated to complete in the third quarter.
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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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