Housing Wire
JULY 28, 2022
The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90. A key to advancing the universal adoption of fully electronic mortgages is the creation of remote online notarization (RON) standards across all 50 states.
Sacramento Appraisal Blog
JULY 18, 2022
Finally. Buyers are gaining power. And sellers are losing it. 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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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. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount.
Appraisal Buzz
JULY 6, 2022
HOUSTON, TX (July 6, 2022) – Accurity Consolidated is once again turning heads and taking its place as the highlight of appraisal industry conversations. The company’s innovative team of appraisers continue to set impressive goals and break records that are simply unheard of among the competition. Since launching in 2020, Accurity has made it a mission to push the boundaries of what appraisal teams can accomplish through industry-leading turn times and service levels provided to clients.
Eyes on Housing
JULY 25, 2022
The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%). The leveled reading suggests that, after shrinking for the past three quarters, the pool of potential home buyers may have stabilized. Part of the reason housing demand has.
Appraiserblogs
JULY 14, 2022
The chief of the Brookings Institution, a retired four-star general, resigned last month under investigation of lobbying on behalf of a foreign government and then covering it up. If the allegations are true, it means the think tank, under the general’s watch, was secretly taking illicit cash from at least one outside interest group at a time it was engaged in research that irreparably damaged the reputation of the nation’s real estate appraisers.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Sacramento Appraisal Blog
JULY 6, 2022
A quick change in rates has led to a quick change in the housing market. We didn’t see much difference right away in the stats, but we are finally getting some good numbers now. Let me show you what I mean. UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Big Market Update (sign up here)) […].
JMV Lending
JULY 20, 2022
If a 2,000 square foot house sells for $800,000, the price per square foot is $400. So, if a nearby house is 2,200 square feet, it should be worth an additional $80,000 (200 sq ft x $400), right? Nope. Not even close. I blogged several years ago about Why Appraisers Don’t Like “Cost Per Square […]. The post Why Appraisers Adjust So Little For Size Differences appeared first on JVM Lending.
Raleigh Realty
JULY 31, 2022
Major Home Inspection Issues and How to Handle Repairs If your home inspection turns up any of these 7 major issues it could be time to negotiate some mandatory fixes with the seller before you proceed with purchasing the home. After a home inspection, issues are going to arise. If you are a first-time home buyer try not to freak out because this is why you hired a home inspector, to find the issues with the home This gives the buyers an opportunity to negotiate some reasonable requests before
Eyes on Housing
JULY 20, 2022
As rising mortgage rates and higher home prices weighed on housing affordability, existing home sales declined for five consecutive months, according to the National Association of Realtors (NAR). The trend in home price appreciation continued albeit at a slower rate as supply finally showed sign of improvement. The median existing home prices in June continued to surpass $400,000, the highest.
Appraiserblogs
JULY 12, 2022
Appraisers, back in April, I was notified by someone “close to the action” of appraisal report submittals to the GSE’s, that many Desktops are being submitted back to lenders TOTALLY WRONG by the assigned appraisers! These reports are being captured and evaluated in the current Desktop observation and testing phase of the UCDP evaluations. Lenders use the UCDP as an initial report Quality Control check so that any problems can be identified, and sent back to the appraiser for correction, before
Housing Wire
JULY 20, 2022
The savagely unhealthy housing market is continuing as we get closer to August. But, there is one bright spot — inventory is rising. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. history.
Sacramento Appraisal Blog
JULY 11, 2022
“The housing market is getting back to normal.” I hear that quite a bit, but is it true? Well, yes and no. Let me explain. UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Market Update (sign up (for real estate agents)) 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 […].
McKissock
JULY 10, 2022
How do you determine the investment value of a property? Well, it’s an art. It’s not like valuing a house in which you are going to live. That would be the homeowner value. When estimating a property’s investment value, there are a variety of real estate valuation methods you can use. In this article, we’ll walk through several techniques and discuss the advantages and disadvantages of each.
Lamacchia Realty
JULY 29, 2022
Darlene Umina has officially qualified for the 2022 President’s club by surpassing $16,000,000 in sales volume! Previously, as a team, Darlene qualified for the President’s Club in 2017 , 2018 , 2019 , 2020 , and 2021 as well as President’s Club ELITE in 2021 ! Additionally, Darlene’s team won the award for M ost Transactions and Highest Vol ume company-wide for 2021.
Eyes on Housing
JULY 6, 2022
The construction labor market remains tight, but the total number of open construction sector jobs has likely reached a cyclical peak as economic activity slows in response to tighter financial conditions. The count of open construction jobs was little changed in May, falling from 440,000 in April to 434,000. The April reading remains the highest measure in the history of.
Houston Properties
JULY 29, 2022
Compare all Museum District Area Houston condo buildings. Pictures, information, building history are available. We listed all Museum District Houston condos for sale and rent.
Housing Wire
JULY 6, 2022
Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The company informed workers of the shut down in a conference call on Wednesday, a former staffer said. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility.
Sacramento Appraisal Blog
JULY 25, 2022
Finally. We’ve seen a massive change with housing inventory. But is it because sellers are rushing to list their homes? Nope. That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market. UPCOMING (PUBLIC) SPEAKING GIGS: 7/26/22 Navigating the Shift (sign up here (for real estate community)) 8/11/22 Realtist […].
Mashvisor
JULY 28, 2022
Investors always expect to see returns from their investments. Rental property comps can help them navigate through the different complications. Table of Contents What Are Rental Comps?
Lamacchia Realty
JULY 22, 2022
Bea Murphy has once again qualified for Lamacchia Realty’s President’s Club! Bea is a member of the 2019 , 2020, and 2021 President’s Club, making it her fourth year achieving the distinction. In order to qualify, Bea had to surpass $16 Million in sales volume or 33 transactions- she achieved BOTH! This is a tremendously impressive feat but comes as no surprise to anyone who knows or works with Bea.
Eyes on Housing
JULY 27, 2022
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share since early 2008. Conventional loans financed 74.8% of new home sales in the second quarter of 2022—a 1.8 percentage point quarter-over-quarter decline.
Houston Properties
JULY 29, 2022
One of the most recognized real estate publications in the country, The Real Estate Executive Magazine, awards Paige Martin with the “100 Most Influential Real Estate Agents In Texas” recognition.
Housing Wire
JULY 6, 2022
As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collaps
Will Springer Realtor
JULY 26, 2022
For more than 65 years, the Alaskan Way Viaduct served Seattle well by whisking thousands of drivers on a double-decker freeway along the city’s waterfront. The viaduct was a wonderful route to the stadiums and airport when driving south or to downtown, Belltown and South Lake Union going north. Living within a few blocks of the concrete-and-rebar edifice, however, was another story.
Mashvisor
JULY 13, 2022
In the first quarter of 2022, mortgage delinquencies went up, according to an Office of the Comptroller of Currency (OCC) survey of several banks.
Mortgagebroker News
JULY 27, 2022
The product reflects the company's ongoing commitment to provide new solutions for brokers and their clients, says SVP
Eyes on Housing
JULY 14, 2022
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2022 posted a reading of 77, declining 10 points from the second quarter of 2021. This is the largest year-over-year decrease since the survey was redesigned in Q1 2020. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling market.
Houston Properties
JULY 28, 2022
Do you feel the need to downsize your Houston home? This comprehensive article helps explain everything you need to know about downsizing to a smaller but better place.
Housing Wire
JULY 29, 2022
Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin.
Appraisal Buzz
JULY 18, 2022
Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. The average 30-year fixed rate mortgage rate was its lowest ever at 2.65% on December 31, 2021. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. Assuming a $250,000 loan was committed on December 31, 2021, your monthly payment was approximately $1,007 exclusive of escrow for real estate taxes and insurance.
Mashvisor
JULY 6, 2022
Just like that, mortgage rates today are up again as we enter July. While June gave us a bit of a breather, July came in strong with a huge jump.
Mortgagebroker News
JULY 29, 2022
Many Canadians are willing to compromise on their home purchases if it means ensuring affordability, survey finds
Eyes on Housing
JULY 29, 2022
After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. A possible reason for this pivot is the recent growth in the inventory of new homes for-sale, while the supply of existing homes on.
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