Housing Wire

SEPTEMBER 19, 2023

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important?

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Sacramento Appraisal Blog

FEBRUARY 7, 2023

There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.

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Sacramento Appraisal Blog

MAY 16, 2022

Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […].

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Sacramento Appraisal Blog

JULY 18, 2022

And sellers are losing it. Buyers are gaining power. I have some new visuals to show what the market is doing right now. These are for Sacramento, but I suspect many areas look similar. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […].

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Appraisal Buzz

JANUARY 28, 2022

that have enough data to be statistically relevant; this is the highest levels recorded, … The post Sellers Realize Record Profits After Sale appeared first on theMReport.com. The post Sellers Realize Record Profits After Sale appeared first on Appraisal Buzz.

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Sacramento Appraisal Blog

MARCH 28, 2023

Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.

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Appraisal Buzz

AUGUST 10, 2021

The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on theMReport.com. The post Rocket Homes Launches Single-Platform for Buyers and Sellers appeared first on Appraisal Buzz.

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Sacramento Appraisal Blog

AUGUST 17, 2021

I’d love to share a helpful analogy for today’s housing market, let’s talk about unrealistic seller expectations, and then unpack some fresh stats. I have three things on my mind today.

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Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Sacramento Appraisal Blog

JANUARY 16, 2023

How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? The post How are appraisers handling concessions? first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. The escrow account is funded by either the seller, builder or lender via a lump-sum payment at closing.

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Appraisal Buzz

AUGUST 30, 2022

Additionally, among those surveyed, the number of buyers asking for repairs based on the inspection results more than doubled in recent months and the number … The post Changing Needs Motivating Home Sellers appeared first on DSNews. The post Changing Needs Motivating Home Sellers appeared first on Appraisal Buzz.

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Sacramento Appraisal Blog

SEPTEMBER 9, 2022

Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film. And some buyers are stuck in the future, […].

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Appraisal Buzz

JULY 20, 2022

Today’s Buzzcast interview is with Mike Rohm of Commonwealth Commercial Appraisal Group. We sat down with Mike and Joan Trice, Founder of Allterra Group, LLC, to discuss his latest article in Appraisal Buzz, “ Market Correction or Seller Panic? ”. What is happening in the market today that is impacting appraisers?

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Miller Samuel

JUNE 18, 2021

Newsday Live: Hot Tips For a Hot Market: For Sellers. The post TV: Newsday Live: Hot Tips For a Hot Market: For Sellers first appeared on Miller Samuel Real Estate Appraisers & Consultants. The interview was placed on Newsday's home page, which was pretty cool.

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Appraisal Buzz

JULY 6, 2021

The Urban Institute (UI) says it appears that the current sellers’ market is having a negative impact on government backed loans and the borrowers who need to use them. The post Sellers Are Rejecting FHA/VA Backed Offers; Buyers Passing Instead of Compromising appeared first on Appraisal Buzz.

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Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Appraisal Buzz

OCTOBER 31, 2022

As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.

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Appraisal Buzz

JULY 1, 2022

This is amid new data from Redfin that showed a record amount of existing sellers … The post Sellers Drop Prices Amid Rising Affordability Issues appeared first on DSNews. The post Sellers Drop Prices Amid Rising Affordability Issues appeared first on Appraisal Buzz.

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Appraisal Buzz

AUGUST 17, 2022

New updated minimum financial eligibility requirements for GSE seller/servicers and Ginnie Mae issuers will ensure that the nation’s housing finance system remains safe and sound, and that sustainable mortgage credit remains available for all qualified borrowers.

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Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. Okay, maybe not.

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Sacramento Appraisal Blog

MAY 25, 2021

Dear Sellers, How are things? I hope all is well. The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. This is coming from a good place and it’s based on observations and conversations with the real estate community. I hope this helps. […].

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Appraisal Buzz

OCTOBER 4, 2022

Meanwhile, according to this month’s Knock Buyer-Seller Market Index, sellers have the upper hand remaining in most markets throughout the U.S. Markets Favor Sellers appeared first on DSNews. Markets Favor Sellers appeared first on Appraisal Buzz. Markets Favor Sellers appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

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Appraisal Buzz

SEPTEMBER 1, 2022

Realtor.com’s latest housing data release for August reveals that listing prices decelerated for the third month in a row, as more sellers hit pause on listing homes and homes for sale spent more time on the market than last August. The post Market Trends: More Sellers Become Hesitant to List Homes appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 20, 2022

The post Home Sellers Report Drop in Profits During Q3 appeared first on Appraisal Buzz. “If the Federal Reserve’s objective was to slow down the housing market, it has succeeded spectacularly,” said Rick Sharga, EVP of Market Intelligence at ATTOM.

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Appraisal Buzz

JULY 8, 2021

The post Buyers and Sellers Drifting Farther Apart; Lowest Rates in 5 Months appeared first on Appraisal Buzz. The index, based on the company’s monthly National Housing Survey, shows a growing difference in the number of consumers who hold one or another of those opinions. in May to 79.7 , but questions of.

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Appraisal Buzz

DECEMBER 30, 2021

The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on theMReport.com. The post Inflation Impeding Prospective Home Buyers and Sellers appeared first on Appraisal Buzz.

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The Appraiser Coach

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

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Appraisal Buzz

JANUARY 26, 2022

More than 77% of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to a survey in a new report from Redfin. A housing bubble is characterized by rapid, unsustainable growth … The post Price Bubbles, Rising Prices Concern Consumers and Sellers appeared first on DSNews.

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Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. Scenario 1: Your home appraises at your full offer price. Many times, the home appraisal goes off without a hitch. You make an offer on your dream home, and the appraiser verifies the property is worth what you offered (or more).

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Appraisal Buzz

NOVEMBER 4, 2021

ATTOM reports that as the national medium home sales continue on a torrid record pace, home sellers are increasing their profit margin by as much as 48% in the third quarter. The post Sellers Continue to Net Record Profit in Q3 appeared first on theMReport.com.

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Appraisal Buzz

AUGUST 20, 2021

The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on theMReport.com. The post Price Drops Indicate Increasing Buyer/Seller Balance appeared first on Appraisal Buzz.

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Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. What I did see were links to lender websites almost apologetically explaining what an appraisal gap is to their customers and willing them not to panic if it happens to them. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Appraisal Buzz

MAY 21, 2021

Low rates and tight inventory is equaling a greater return for sellers, as more homebuyers are dipping deeper into their pockets to land the home of their dreams. The post Home Sellers Continue to Land Record Profits appeared first on theMReport.com.

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Sellers Inventory Appraisal 195

Housing Wire

APRIL 6, 2021

Unfortunately, the appraisal put the house’s value roughly $50,000 below than what she paid. With others waiting in line behind her, the seller wouldn’t budge on price. Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. She recently had a deal fall apart due to appraisal.

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Appraisal Buzz

FEBRUARY 24, 2022

Request for input seeks to strengthen, and provide transparency, required capital and liquidity for GSE seller/servicers with different business models. The post FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers appeared first on DSNews.

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