Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

Appraisal 354

Appraisal Market Value Legal Property Appraisal 354

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Realtors 431

Realtors Buyers Inventory Sellers 431

Real Estate News

APRIL 13, 2023

The outcome of the Moehrl suit could affect countless buyer agents. Might Zillow and other portals become an Uber-style marketplace for those agents?

Agents 337

Agents Buyers 337

George Dell

APRIL 12, 2023

Appraiser credibility continues to decay over time. Even during the great runup in prices, and now the spotty, often rapid rundown in prices – residential appraisers mostly turned a blind eye to the need for this critical “time adjustment.” Non-residential appraisers have yet to see the coming value shifts. Shamefully, a time adjustment, (or market […] The post No Time for Time Adjustment?

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Appraisal Marketing Valuation 195

The Appraiser Coach

APRIL 11, 2023

When I was on my quest to learn what I call the “principles of prosperity,” there was one in particular that helped me progress by leaps and bounds when I.

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Inspection Advertising Real Estate Agent Government 195

Housing Wire

APRIL 14, 2023

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert in the MSR sector, who asked not to be named, said the bidding for the offering appears to have closed in late February or early March. “They [Wells Fargo] may have other deals in the market too,” the expert added, “but I’m not as familiar with that since they have been very selective about who these deals ge

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Mortgage Marketing Government Finance 420

Sacramento Appraisal Blog

APRIL 11, 2023

The housing market feels like a reality TV show. New sensational drama every week, juicy gossip, strong opinions, emotions, and big cliffhangers that might affect the future. Anyway, today I want to dig into Dream For All and some of the bigger themes right now (monthly recap stats at the bottom). Scroll by topic or […] The post Real estate dreams & getting ridiculous under $500K first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Housing Market Appraisal Marketing 194

Eyes on Housing

APRIL 13, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) climbed 0.3% in March 2023 (not seasonally adjusted). Since declining the last four months of 2022, the index has increased three consecutive months by a total of 1.6% but has been relatively stable over the past year.

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Construction 187

Housing Wire

APRIL 12, 2023

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. The headline inflation data came in lower than anticipated. While we have made progress in cooling down the inflation data, which is running into tough year-over-year comps (and will for the rest of the year) don’t expect the Fed to pivot anytime soon.

Housing Market 420

Housing Market Marketing Mortgage 420

Real Estate News

APRIL 14, 2023

A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.

Marketing 275

Marketing Agents 275

Inman

APRIL 10, 2023

As iconic brokerage Engel & Völkers embarks on an identity refresh, this marketing leader shares her insights on the process, and what others can learn.

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Brokerage Marketing Agents 180

Eyes on Housing

APRIL 10, 2023

Average hourly earnings for residential building workers* continue to rise in February 2023 but at a slower pace. Wage growth has retreated below or close to 3%, from the highest rate of 2021. Labor market data indicate that business hiring is softening as the economy shows signs of weakening. According to the Bureau of Labor Statistics (BLS) report, average hourly.

Business 187

Business Marketing Construction 187

Housing Wire

APRIL 10, 2023

HousingWire recently spoke with Dustin Gray, CEO of Milestones Labs , about the importance of the borrower relationship and how Milestones Labs helps mortgage providers build lasting relationships with their borrowers. HousingWire: How has the current market affected the way lenders approach customer relationships? Dustin Gray: You don’t have to be an economist to know it’s a challenging time to buy a home or get a loan.

Home Value 418

Home Value Technology Clients Advertising 418

Real Estate News

APRIL 13, 2023

The 30-year fixed-rate mortgage dropped slightly to 6.27%. Rates in the 6% range may no longer be phasing buyers — particularly repeat buyers.

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Mortgage Buyers 270

Inman

APRIL 10, 2023

Utilizing power practices and tools derived from the realms of positive psychology, neuroscience, and holistic wellness, you can lay the foundation for a successful career as well as a joyful and meaningful life.

Real Estate 164

Real Estate Tools Agents 164

Eyes on Housing

APRIL 12, 2023

Consumer prices in March saw the smallest year-over-year gain since May 2021 with a ninth consecutive month of a deceleration. While the shelter index (housing inflation) experienced its smallest monthly gain since November 2022, it continued to be the largest contributor to the total increase, accounting for over 60% of the increase in all items less food and energy.

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Housing Wire

APRIL 11, 2023

The Federal Trade Commission (FTC) has opened a new front in the fight against Intercontinental Exchange ‘s (ICE’s) planned acquisition of Black Knight. The agency petitioned a California federal court to issue a temporary restraining order (TRO) and preliminary injunction (PI) that prevents ICE from going forward with the deal to buy Black Knight.

Valuation 397

Valuation Tools Mortgage Technology 397

Real Estate News

APRIL 10, 2023

With inventory low and interest rates elevated, economists don’t expect to see activity pick up until later in the year.

Inventory 295

Inventory Marketing 295

Inman

APRIL 13, 2023

Jerry Grantham, co-founder of the investment firm GMO, said this week he fears another bubble is about to burst, with the crisis that gripped the banking system in March just the beginning.

Investors 161

Investors Investing Business Marketing 161

Eyes on Housing

APRIL 12, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending April 7th, total mortgage activity increased 5.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell ten basis points to 6.30%. The FRM rate has fallen 41 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Mortgage 174

Mortgage Marketing Lending Finance 174

Housing Wire

APRIL 13, 2023

People are working from home. And, if they are in the office, it’s never everyone, everyday. So, you rarely get to see your manager and coworkers face to face. You’re a salesperson, but you no longer stop by your customer’s office because nobody is there. You may be in management, sales, customer service or anything else. Without the day-to-day conversation practice, it’s time to up your small talk game.

Business 384

Business Mortgage Agents 384

Real Estate News

APRIL 13, 2023

A survey by Bright MLS found that investor properties accounted for more listings this spring, possibly due to fears of a looming recession.

Investors 271

Investors Inventory 271

Inman

APRIL 11, 2023

Led by Rusty and Rachel Underwood, the new affiliate known as Christie's International Real Estate Bluegrass will service parts of the state known for bourbon distilleries and thoroughbred racetracks, the company exclusively told Inman.

Real Estate 157

Real Estate Realtors Brokerage 157

The Robert Weiler Company

APRIL 12, 2023

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway. Ohio law stipulates that a comprehensive property reassessment is completed every six years , with an update at the three-year midpoint.

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Property Appraisal Property Taxes Real Estate Valuation 148

Housing Wire

APRIL 11, 2023

Misinformation is spreading on TikTok about the Federal Housing Administration ‘s (FHA) recent increase to the maximum mortgage modification term, causing confusion for homebuyers. The FHA announced a final rule last month that allows mortgagees to increase the maximum FHA-insured mortgage loan modification term from 360 months to 480 months following a default.

Mortgage 384

Mortgage Insurance Development Buyers 384

Real Estate News

APRIL 12, 2023

Real estate consultant Rob Hahn is introducing a marketplace auction website that allows homeowners to sell without paying commissions.

Agents 275

Agents Real Estate 275

Inman

APRIL 11, 2023

Joe Gaeta, formerly of Zillow Group, and Kiki Wanshura, formerly of Pacaso, have joined the lake markets-focused brokerage. Heather Glass, who joined the company in 2020 has also been promoted.

Realty 156

Realty Brokerage Marketing Buyers 156

Appraiserblogs

APRIL 9, 2023

We the people need to redirect the mortgage lending direction… The time for every appraiser and consumer to step up is now. This country was founded on the principle of “We the people”. Please sign this petition and share it everywhere. Appraisers have been the target for blame for everything gone wrong in the mortgage lending world. We were blamed for the Savings and Loan collapse, the financial crisis of 2008, and appraisal bias and racial discrimination.

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Property Appraisal Lending Appraisal Mortgage 132

Housing Wire

APRIL 12, 2023

The current housing market is hard to describe, hard to predict and hard to navigate for borrowers, renters and lenders alike. The latest numbers are mixed. New data released in late March 2023 shows that US home prices — as measured by the seasonally adjusted Case-Shiller Home Price Index — fell for the seventh straight month in January. They are now 3% off their peak on a seasonally adjusted basis.

Realtors 381

Realtors Finance Investing Business 381

Real Estate News

APRIL 8, 2023

Even as falling interest rates have opened the door for more buyers, not enough sellers are listing, keeping inventory stubbornly low.

Sellers 275

Sellers Inventory Buyers 275

Inman

APRIL 10, 2023

Tools such as ChatGPT and Bard are brand new but already revolutionizing online content and the real estate industry. Scroll through Inman's latest handbook to get the lowdown.

Agents 156

Agents Tools Real Estate Realty 156

Riverfront Appraisals

APRIL 13, 2023

We’ve been exploring several frequently asked questions in this blog series, and most come to me from Realtors, lenders, or homeowners. This question is a tricky one, in that it usually comes from Realtors who don’t want their question to be made public. The conversation usually goes something like this: “Hey Ryan, I have a […] The post FAQ #15: Can I Request A Different Appraiser?

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Appraisal Realtors Appraisal Process 123

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The two banks announced they have signed a definitive agreement for First Federal to acquire certain assets and liabilities of BNC National Bank’s mortgage division on Wednesday.

Business 380

Business Mortgage Loan Officers Lending 380

Real Estate News

APRIL 11, 2023

The portal's new search filter lets buyers search by total monthly payment — which takes interest rates and other costs into account — not just the list price.

Buyers 247

Buyers Tools Mortgage 247