Valuations

Experts: Homebuyers should prepare for onslaught of competition this spring season

High home prices here to stay
The latest Case-Shiller report showed home prices are continuing to rise, but now experts say not only are those high prices here to stay, but homebuyers could be pummeled this spring by an increase in competition. Homebuyers will face not only the typical spring competition, but also the pent-up demand from would-be buyers who have been looking for, but unable to find, a home the past several months.
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LendingLife reader: “Only a handful of AMCs will remain in a few years”

Industry left scrambling for solutions?
Last week readers of LendingLife got a first look at the Veros, Valligent partnership promising to cut mortgage lending cost. In that article, it's written that a big part of that cost savings would be taking the legwork out of valuations. More importantly, the news set off some responses from LendingLife readers, not just on the partnership, but on the state of the valuations industry as a whole.
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Home sales continue to soar in Bay Area

Sales over $1 million reach record high
The Bay Area continues to see homes fly off the market even amid rapidly rising home prices. Not only does the median home price continue to increase, but the number of homes that sold for $1 million or more this February rose about 33% year over year, to a record high level.
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FHFA: Home prices jump in January

Growth strongest on coasts
Home prices increased in January, moving even faster than the levels of increase seen at the end of 2017. In fact, January’s increase in home prices was the highest monthly increase since February 2017.
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LendingLife first look: Veros, Valligent partnership promises to cut costs for mortgage lenders

More accurate AVMs will help lower HELOC origination costs
As a supporter of LendingLife, Veros agreed to give us a first look at their latest partnership they say will lower costs for mortgage lenders, by taking some of the legwork out of valuations. Being officially announced later today, Veros is teaming up with Valligent, a known innovator in non-traditional appraisals. Here's their plan.
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