First American DataTree Earns U.S. Patent for FlexSearch
October 27 2020 | |
First American DataTree®, the leading national provider of property data and document images, today announced that the United States Patent and Trademark Office has issued U.S. Patent #10,783,367 for FlexSearch™, an innovative property data search engine that instantly searches against any word, phrase, name or item in any recorded document nationwide. Based on a proprietary model of data acquisition and manufacturing, First American DataTree fully covers the U.S. housing stock and over 7 billion recorded document images. FlexSearch™ returns search results performed against billions of documents at once in just a few short seconds.
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NAHB Files Complaint Regarding CDC's Eviction Moratorium Order
October 23 2020 | |
In partnership with Pacific Legal Foundation, the National Association of Home Builders (NAHB), along with Skyworks Ltd, Cedarwood Village LLC and Monarch Investment and Management Group, filed a complaint in the Northern District of Ohio challenging the U.S. Centers for Disease Control and Prevention’s (CDC) authority regarding its eviction moratorium order.
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Existing-Home Sales Soar 9.4% to 6.5 Million in September
October 22 2020 | |
Existing-home sales grew for the fourth consecutive month in September, according to the National Association of Realtors®. Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climb in both categories.
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Unmatched Accuracy, Confidence and Reliability: CoreLogic Launches New Automated Valuation Model
October 21 2020 | |
CoreLogic®, a leading global property data and analytics-driven solutions provider, today announced the launch of Total Home ValueX™, a new automated valuation model (AVM) that eliminates the need for multiple AVMs. Building on the existing Total Home Value suite, the new, single model methodology dramatically increases home value accuracy and hit rate for all AVM applications.
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Single-Family Construction Continues Dramatic Climb
October 20 2020 | |
Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units, according to a report from according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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Builder Confidence Continues Record Climb
October 19 2020 | |
In a further show of strength for the housing sector, builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, according to the latest NAHB/Wells Fargo Housing Market Index released today.
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Share of Mortgage Loans in Forbearance Declines to 5.92%
October 19 2020 | |
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 40 basis points from 6.32% of servicers' portfolio volume in the prior week to 5.92% as of October 11, 2020. According to MBA's estimate, 3.0 million homeowners are in forbearance plans.
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Appraisal Organizations Join Forces to Support Training, Ethics to Combat Bias
October 16 2020 | |
The Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers today announced their collective support for the development of additional training that addresses unconscious bias in valuation, and for each organization to individually review its Code of Ethics and other governing documents to further ensure awareness and compliance among its membership and the valuation profession as a whole.
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Remodeling Industry Confidence Surges in Third Quarter
October 15 2020 | |
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) in the third quarter of 2020, posting a reading of 82. The finding is a signal of residential remodelers’ strong confidence in their markets, for projects of all sizes. The demand for home improvement is robust given the importance of home for Americans as the economy recovers and adapts from the impacts of Covid-19.
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Share of Mortgage Loans in Forbearance Declines to 6.32%
October 12 2020 | |
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 49 basis points from 6.81% of servicers' portfolio volume in the prior week to 6.32% as of October 4, 2020. According to MBA's estimate, 3.2 million homeowners are in forbearance plans.
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In COVID's Wake, Millennials Driving Nation's Desire for Bigger Homes, Outdoor Space
October 12 2020 | |
NAR conducted a pair of Community and Transportation Preference Surveys in 2020 to accurately register the impacts of the coronavirus. The latest iteration shows younger Americans – particularly those with children – have been most affected, although those who live in walkable communities register a higher quality of life than those who live in less walkable areas.
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2021 Design & Construction Week Will be an All-Virtual Event
October 09 2020 | |
Due to health and safety concerns and ongoing travel restrictions stemming from the COVID-19 pandemic, the National Association of Home Builders (NAHB) and National Kitchen & Bath Association (NKBA) today regretfully announce that the 8th annual Design & Construction Week® (DCW) featuring NAHB’s International Builders’ Show® (IBS) and NKBA’s Kitchen & Bath Industry Show® (KBIS) will no longer be an on-site event. Instead, the two groups are planning a robust, all-virtual event.
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Share of Mortgage Loans in Forbearance Declines to 6.81%
October 05 2020 | |
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Surveyrevealed that the total number of loans now in forbearance decreased by 6 basis points from 6.87% of servicers' portfolio volume in the prior week to 6.81% as of September 27, 2020. According to MBA's estimate, 3.4 million homeowners are in forbearance plans.
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Real Estate Fraud Prevention Coalition Recognizes National Cybersecurity Awareness Month
October 05 2020 | |
This October, the Real Estate Fraud Prevention Coalition is leading efforts to recognize National Cyber Security Awareness Month in America. Alongside partners in federal, state and local government, the coalition will use this month to elevate public understanding of cybersecurity risks and equip consumers with tools and resources to stay safe online. This year’s theme is "Do Your Part. #BeCyberSmart."
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NotaryCam's Rick Triola Recognized as 2020 HousingWire Vanguard
October 01 2020 | |
NotaryCam®, the pioneering leader in online notarization and original provider of mortgage eClosing solutions, today announced that its founder and CEO Rick Triola has been named a 2020 Vanguard by housing finance trade publication HousingWire as part of its sixth annual HW Vanguard Awards™ program.
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