Comment on Desktop Appraisals: Risk and Reward by Mark Mason

I’m all about it! Let me do desktops from an island for $50 a pop.

Source: Working RE Magazine

Alight appoints Katrina Marshall as sales director

Alight Mortgage Solutions announces the appointment of Katrina Marshall as sales director of western region and strategic accounts. Marshall has more than 30 years of experience as a mortgage executive managing originations, operations, underwriting and technology integrations in the mortgage industry.
Source: HousingWire Magazine

Younger generation can’t afford to buy a home

We’ve come a long way since the 1950s – 20-somethings just aren’t getting hitched, moving to the burbs and popping out three kids like they used to. And good thing, because they couldn’t afford it. New research from Freddie Mac reveals homeownership rates among young adults has dropped and isn’t likely to pick up any time soon.
Source: HousingWire Magazine

HELOC use is on the rise

For most homeowners, a good portion of their money is tied up in their house. But a sizable number are no longer content to sit on that nest egg and watch it grow. They want cash – now – and they’re tapping their home equity to get it.
Source: HousingWire Magazine

Opioid crisis now threatens housing supply

Housing shortages continue to hold back home sales, keep Millennials from entering the housing market and even decrease affordability. Many different factors explain the lack of new homes coming on to the market, but the latest challenge could be the ongoing opioid crisis.
Source: HousingWire Magazine

Consumer Confidence Survey reveals Americans fear tariffs

The threat of international tariffs modestly reduced consumer confidence in June, according to a Consumer Confidence Survey conducted by The University of Michigan. Surveys of Consumers Chief Economist Richard Curtin explained that two-thirds of consumers believe more international trade is better for the domestic economy.
Source: HousingWire Magazine

Fannie Mae: Both renters and homebuyers feel pessimistic about affordable housing availability

Renters and owners are more likely to be concerned about housing affordability when they have to find a new place to live compared to the affordability of where they already live, according to a report from Fannie Mae. Basically, people feel more comfortable paying what they pay now and are concerned that their payment (whether it’s rent or a mortgage) will be less affordable than what they currently have.
Source: HousingWire Magazine

RealPage: Rent growth continues slow slide, but multifamily remains healthy

Rents are increasing at the slowest rate in eight years, according to a report from RealPage. Though the run of annual growth has reached a record 32 quarters, the continued delivery of new units has taken its toll on rent growth, slowing it to 2.3%. But there are several silver linings in this cloud.
Source: HousingWire Magazine

Freddie Mac bringing appraisal-free mortgages to condos

Freddie Mac is expanding its appraisal-free mortgage program to include condos, the government-sponsored enterprise announced this week. Up until now, the appraisal-free mortgages were only available for single-family houses, but now, Freddie is expanding its no-appraisal-required mortgages to include condos too.
Source: HousingWire Magazine

Three emerging cybersecurity trends to focus on in 2018

[Expert commentary] We’re now well into the second quarter of 2018, a point where organizations should be well into executing their technology and cybersecurity plans for the year. However, many are still looking for guidance on what products they should be considering, how to align their needs with their limited budgets, or even more simply, how to meet the latest compliance requirements. Here are three emerging trends companies should be focused on for the rest of 2018.
Source: HousingWire Magazine