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Spoiler: No Concern keeps growing over where house prices are headed for consumers caught in the supply and demand scenario that has sent prices soaring in the post-pandemic market. Google reported last week that the search question “When is the housing market going to crash?” had spiked 2,450% in the past month. “Why is the …
The COVID-19 pandemic revealed new migration trends that show a shift toward the inner United States, thereby boosting home prices, especially in markets such as Boise City, Idaho. The bigger question remains: is this growth likely to continue into 2021? Or is this just a hot trend that will fizzle out sooner than later. Digging …
HOT TREND: Home price growth in Boise City, Idaho, explained Read More »
Climate change impacts more than the environment, but also where people want to live and the value of homes. The COVID-19 pandemic’s perceived negative impact on home values was short-lived — the market paused for only one quarter, then resumed appreciating in the subsequent quarters and continues to perform remarkably. Climate change, on the other …
Climate Change…And Where You Do and Don’t Want To Live Read More »
The Federal Housing Finance Agency earlier this month put out a request for input on the impact of natural disaster risk to the housing finance system as a whole and to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks in particular. In its RFI, the agency noted that “natural disasters could result in …
Housing regulator looks to create a standard in identifying climate risk Read More »
The extent of climate change is rippling through our world, and the housing industry isn’t immune. As sea-levels rise, the intensity and frequency of storms increase, and coastal erosion pushes storms further inland. Economists and housing experts agree that millions of additional properties in the United States are at a greater risk for catastrophic damage …
How Natural Disasters Cause Crashing Home Prices Read More »
After a natural disaster, impacted mortgage portfolios need data When natural disaster strikes, information, and accurate insight into properties and homeowners impacted within the mortgage portfolio is essential, Veros Disaster Data Solution can help you accurately manage the damage a natural disaster has had on your investment portfolio. An unprecedented fire season is currently wreaking …
Understanding the risk of natural disasters on your mortgage portfolio Read More »
The current pandemic is teaching us that now is not the time for get your hand’s dirty solutions. An interesting piece in National Mortgage News took the time to provide several examples of how coronavirus could spell the end of the non-digital mortgage transaction. For the HELOC market, the move towards a data-driven, digital experience …
Why Do Some Lenders Still Stick with Feet on the Street Appraisals for Home Equity? Read More »
As the mortgage market continues to navigate these unprecedented times a troubling trend is emerging. Mortgage lenders are forcing the hand of their homeowners into cash-out refis and the reasons are numerous. However, during these unprecedented times, it’s important to be reminded of the roles HELOCs play in helping households finances. There is no single …
