Housing Wire
MAY 16, 2023
Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. In May, home builder confidence in the market for newly built single-family homes rose to an index value of 50, an increase of five points from the April reading.
Sacramento Appraisal Blog
MAY 17, 2023
Builders are having a moment. New home sales are glowing right now in the midst of depressed volume in the resale market. Today I want to share some stats for new construction, but let’s also talk about pivoting when the market changes. UPCOMING (PUBLIC) SPEAKING GIGS: 5/22/23 Yolo YPN event (only for YAR members) 5/25/23 TBD 6/1/23 […] The post Pivoting when the housing market changes first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Real Estate News
MAY 14, 2023
For some homebuyers, their "fur babies" come first. Agents who know how to best serve clients with pets can land more business, and maybe a few nose nuzzles.
George Dell
MAY 17, 2023
Evidence Based Valuation – EBV is the future for valuation professionals. It requires the appraiser’s experience, judgment, and knowledge. It’s not hard, just new. EBV captures the huge advantages of modern technology: computer power, open-source software, and market visualization. EBV provides an exciting learning path toward better service, personal satisfaction, and income security.
Housing Wire
MAY 18, 2023
Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. Why is this so important to me? If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. I would say it’s savagely unhealthy to have that level and even though we’re not there yet, we are dangerously close.
The Appraiser Coach
MAY 16, 2023
I’ve never loved The Secret, as a book or a movie. Maybe I missed something, but the primary message I came away with after reading.
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Eyes on Housing
MAY 17, 2023
Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 14,000 single-family built-for-rent (SFBFR) starts during the first quarter of 2023. This is almost 7% lower than the first quarter of 2022.
Housing Wire
MAY 18, 2023
Despite a marked improvement from the fourth quarter of 2022, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks still lost a mountain of money in the first quarter. On average, IMBs reported a net loss of $1,972 on each loan originated from January to March, a 35% improvement from the reported loss of $2,812 per loan in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).
Inman
MAY 18, 2023
Sisu, a proptech that combines sales cycle and workflow automation with performance tracking technology, said Client Portal 2.0 aims to refine how agent teams interact with critical vendors.
Real Estate News
MAY 16, 2023
HomeServices of America CEO Gino Blefari knows what agents are facing — and what they’re capable of. His advice? Keep going. Winning is possible.
Boston Appraisal
MAY 17, 2023
The process of determining a property’s market value is called a real estate appraisal. The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property.
Housing Wire
MAY 18, 2023
Existing home sales declined yet again in April, according to a report from the National Association of Realtors (NAR), released Thursday. After posting a surprise 14.5% monthly increase in February , existing home sales were back down again in March , a trend that continued into April, with existing home sales posting a 3.4% monthly decline to a seasonally adjusted annual rate of 4.28 million.
Inman
MAY 18, 2023
Using automated outreach and qualification workflows, Humaniz removes the manual, repetitive tasks to shrink the process and allow business managers to merely decide from a system-delivered list of sound candidates, the company said.
Real Estate News
MAY 19, 2023
Rent growth was up just 0.3% YoY in April and is falling below inflation and wage growth, which "suggests better times ahead for the U.S. economy.
DataMaster
MAY 17, 2023
Add comparable sales to the list of things Millennials have killed. We joke, of course, but the truth is Millennial – And yes, Gen Z – homebuyers have a way of thinking and behaving that is far different from what industry veterans are used to. It could be argued that this behavior is market-driven. To illustrate this point, Here’s the story of one Millennial homebuyer’s process.
Housing Wire
MAY 16, 2023
Ann Arbor, Michigan-based Home Point Capital did not experience the traditional ceremony to ring the Nasdaq Stock Market bell when the company went public in early 2021. Open and closed ceremonies usually occur at the Nasdaq MarketSite Studio in Times Square, but that changed in the wake of the COVID-19 pandemic. Instead, Home Point had a virtual ceremony, with pictures of smiling employees and a message from CEO and founder Willie Newman transmitted onto an enormous screen in Times Square.
Inman
MAY 16, 2023
Office-to-residential conversions are on the upswing as remote work destabilizes commercial real estate nationwide. "Everything is on the table," affordable housing advocate Janan New told Inman.
Real Estate News
MAY 16, 2023
After a year of declining confidence in 2022, homebuilder optimism is on the rise, driven by buyer demand that is outpacing the supply of existing homes.
Realtor
MAY 17, 2023
iStock Before closing on a house, you need to get to the settlement table. You’re near the end of the process of selling your home, but don’t breathe a sigh of relief just yet. While it’s certainly true that you can let go of the anxiety of needing to show your home at any moment, you still need to cooperate with your buyer, the buyer’s agent, and the commitments made in the contract.
Housing Wire
MAY 16, 2023
Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. The financial terms of the transaction have not been disclosed. The deal, announced on Tuesday, expands Denver, Colorado-based Maxwell’s secondary market trading platform and brings hundreds of new clients to the company’s other solutions.
Inman
MAY 19, 2023
Each week on The Download, Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: NAR’s latest Realtor safety proposal and resources for taking better care of yourself IRL and online.
Real Estate News
MAY 15, 2023
Shady lenders and vendors make big promises that are often too good to be true. Learn how to vet them, and how to spot red flags.
Appraiserblogs
MAY 15, 2023
Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). To be clear it is not limited to the Collateral Underwriter (CU & CU-2) software.
Housing Wire
MAY 18, 2023
Chicago-based technology company Gateless announced this week that Guaranteed Rate , a Chicago-based leading mortgage lender, has implemented its Smart Underwrite solution, a groundbreaking technology that aims to transform the borrower experience. In a fast-paced real estate market, many potential homebuyers miss out on their dream homes due to the lengthy mortgage approval process.
Inman
MAY 19, 2023
When shows like "Selling Sunset" normalize workplace romances between brokers and agents, the dicey issues that arise from unequal power dynamics often go unspoken, experts told Inman.
Real Estate News
MAY 18, 2023
eXp snags 200-person team; E&V expands to D.C. and Sarasota; The Agency opens in Indianapolis; Christie's launches in Puerto Rico; Real gains VA and FL teams.
Appraiserblogs
MAY 18, 2023
The idea of unlicensed individuals being hired off the streets and paid a pittance to video and photograph the interiors of borrowers’ homes, which would include the exact location of valuables and children’s bedrooms, has been unsettling to some. An astute real estate broker recognized the name of a Michigan man awaiting sentencing in an armored-car robbery.
Housing Wire
MAY 18, 2023
America is strongest when her people are strong. Therefore, when considering policy to improve our nation, we should always incentivize striving with an emphasis on equality of opportunity, understanding that a rising tide lifts all boats. In my role as president of the Jack Kemp Foundation , I moderated an “Innovations in Affordable Housing” webinar.
Inman
MAY 19, 2023
Do you hate marketing an empty house? Virtual Staging AI offers a quick and easy-to-use solution to stage the rooms of a home virtually and save you and your client hassle. Craig Rowe offers a review of the service.
Real Estate News
MAY 17, 2023
A new survey by Opendoor found that a high percentage of home buyers and sellers are willing to make some concessions in order to close a deal.
Riverfront Appraisals
MAY 18, 2023
So this may be a slight break from the norm, as it’s not an actual FAQ that we get, but the spirit is there. I get asked questions or hear statements like the ones we’ll cover today, all the time. And it got me thinking recently: homeowners are applying what they think is human logic […] The post FAQ # 18: Why Don’t Appraisals Follow Common Sense?
Housing Wire
MAY 18, 2023
Did you know Logan Mohtashami — the chart guy — got his professional start working as a pizza boy? From serving delicious food to serving career-changing mortgage data like no one else can, Mohtashami is a force to be reckoned with. Twitter trolls beware. Mohtashami, lead analyst at HousingWire, will share his chart-powered wisdom at HousingWire Annual 2023 through his keynote, “Making Sense of Wild Housing Data for 2023.
Inman
MAY 18, 2023
On May 8, Gov. Ron DeSantis signed Senate Bill 264. The new law restricts real estate purchases in the state by citizens of China, Russia, Iran, North Korea, Cuba, Venezuela and Syria.
Real Estate News
MAY 15, 2023
The Speicher Group, with $1 billion in total sales, has joined Real, while Aaron Seawood's luxury Team Carte Blanche returns to Compass.
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