Sacramento Appraisal Blog
DECEMBER 19, 2022
A foreclosure wave is coming!!! And short sales are about to be unleashed!!! That’s often the housing narrative, and let’s talk about that while looking at some changes we’re starting to see in the Sacramento market. I hope this is helpful, whether you’re local or not. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING […].
Housing Wire
DECEMBER 21, 2022
On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Confused by this? I hear you; let’s dive deeper into today’s report. From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NA
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The Appraiser Coach
DECEMBER 20, 2022
I remember when I first started using a laser to do my measurements. I was up in front of a group of people, and I asked them to show by. Read More.
Eyes on Housing
DECEMBER 21, 2022
As rapid rising mortgage rates continue to weaken housing demand, the volume of existing home sales has declined for ten consecutive months as of November, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. While mortgage rates have retreated in recent weeks due to recession concerns, they are likely to see another.
Appraiserblogs
DECEMBER 21, 2022
The VA will now be required to encourage hybrid appraisals. If you are a VA Appraiser, here’s a bit of news you need to keep tabs on. Senate Passes VA Appraisal Modernization Measure – theMReport.com The U.S. Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022. Under the terms of HR 7735, sponsored by Sen.
Housing Wire
DECEMBER 21, 2022
Figure Acquisition Corp. I , a blank check company affiliated with fintech Figure Technologies that planned to merge with a mortgage bank, will be delisted from the New York Stock Exchange. Figure’s plan to go public through a SPAC has been scrapped with the NYSE’s decision. The NYSE notified Figure on December 19 that it is “determined to commence proceedings to delist the company’s warrants from the NYSE and that trading in the company’s warrants would be suspended immediately,” ac
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Eyes on Housing
DECEMBER 19, 2022
Nonfarm payroll employment increased in 43 states and the District of Columbia in November compared to the previous month, while seven states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 263,000 in November, following a gain of 284,000 jobs in October. On a month-over-month basis, employment data was strong in Texas, which.
Appraiserblogs
DECEMBER 23, 2022
The nation’s 80,000 licensed real property appraisers should pay close attention to the manipulation of Washington by FTX, which turned out to have the characteristics of a Ponzi scheme. Fallen crypto whiz kid Sam Bankman-Fried and his associates are a living testament to the power of political donations in American politics. It’s unclear precisely what the more than $70 million in political donations bought FTX during an 18-month period leading up to the midterms, but one can speculate the mon
Housing Wire
DECEMBER 22, 2022
Mortgage industry executives, analysts and economists have started to place their bets on where mortgage rates will settle in 2023 amid the Federal Reserve’s tightening monetary policy and the fears of an economic recession. Spoiler alert: don’t expect much, if any, relief for borrowers in the short term. It’s true that after doubling over the course of a year, the 30-year fixed mortgage rate is trending downward at the close of 2022.
JMV Lending
DECEMBER 22, 2022
Collateral Underwriter (CU) is a program developed by Fannie Mae to assess risk. It launched at the beginning of 2015. The CU program helps lenders assess the risk factors associated with a particular appraisal for a subject property by providing detailed information about potential appraisal quality or property eligibility issues. As part of the CU […].
GoForrmz
DECEMBER 21, 2022
Take advantage of eSign construction forms Eliminate paper, manual tasks, and outdated processes with digital construction forms. With GoFormz, you can easily collect legally binding electronic signatures in your digital forms. Equip your forms for construction with eSign fields to instantly generate and collect signed contracts, invoices, and more!
Lamacchia Realty
DECEMBER 19, 2022
We’re excited to announce that Krista Matthews has officially qualified for the 2022 President’s club by closing on 33 transactions this year! This is Krista’s first time qualifying for this distinction and we couldn’t be happier! Krista has consistently demonstrated a strong work ethic and a commitment to delivering top-notch service to all of her clients.
Housing Wire
DECEMBER 20, 2022
The benefits of green building materials and practices have been discussed when creating our homes and workplaces for a while now. The COVID-19 pandemic required a light-speed adjustment in this direction, as our offices were locked down with stay at home orders and everyone worked away from office colleagues and technology support. Working remotely, although not a new concept, became our new normal, and hybrid and remote office environments will continue to be part of our future.
BiggerPockets
DECEMBER 19, 2022
Last week, the Fed raised its benchmark interest rate by half a percentage point, a slowdown from previous sprints. Still, the federal funds rate is at its highest since 2007. While […].
GoForrmz
DECEMBER 20, 2022
Easily collect signatures from clients, patients, and other individuals outside of your GoFormz account with online form sharing and eSignatures Waiting on authorizations and approvals can bring your business to a grinding halt, delaying critical activities like sales agreements, patient intake, and other time-sensitive processes. These productivity stumbling blocks are often the result of obstacles like scanning, emailing, printing, and delivering forms – all for the sake of one signature!
Lamacchia Realty
DECEMBER 20, 2022
We’re very excited to announce that Joselin Malkhasian has officially qualified for the 2022 President’s Club ELITE by surpassing $24,000,000 in sales volume! Joselin is an expert at guiding her clients through the home buying and selling process to make sure their needs are met. She is one of Lamacchia Realty’s top agents, and can often be found on the company’s Monthly Top Producers list.
Housing Wire
DECEMBER 23, 2022
This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 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.
Mortgagebroker News
DECEMBER 19, 2022
2022 had unparalleled challenges for the mortgage industry. As we look ahead, technology is going to be at the forefront for successful brokers and lenders. CMPTV recently spoke with Joe Fakhri and Andrew Schultz from Scarlett Network by Axiom Innovations on where they think technology can improve effectiveness and efficiencies moving forward.
GoForrmz
DECEMBER 19, 2022
Customer feedback matters at GoFormz – here’s why: Knowing what you’re getting right and wrong in the eyes of customers is extremely important for the growth of your business. And there’s only one way to ensure that happens: incorporate customer feedback throughout your product lifecycle! That core concept is at the heart of everything we do here at GoFormz.
Lamacchia Realty
DECEMBER 20, 2022
We are thrilled to announce that Shauna Fanning has officially qualified for the 2022 President’s Club ELITE by surpassing $24,000,000 in sales volume! This is Shauna’s second year in a row achieving this tremendous feat, having qualified for President’s Club ELITE in 2021. She also qualified for the 2022 Lamacchia Realty President’s Club back in September , and in 2021 and 2019.
Housing Wire
DECEMBER 21, 2022
loanDepot registered a partial win against CrossCountry in a trade secret and employment-separation dispute. . The California-based mortgage lender sued its rival in April 2022 claiming that six former employees — Steve Schneider, Cindy Smolin, Samantha Siegel, Fernanda Baske, Bob Bowman, and John Noyes — left the company to join CrossCountry after accessing, downloading and taking confidential client information and breaching their employments agreements and fiduciary duties. .
BiggerPockets
DECEMBER 20, 2022
Airbnb’s platform usually has two updates each year. One in the Summer and one in the Winter. This year’s Winter update came with a lot of cool features, like a […].
Will Springer Realtor
DECEMBER 20, 2022
It is safe to say that our region – and the entire country for that matter – just experienced one of the worst turns for the residential real estate sector in recent memory. Housing affordability has fallen to its lowest level in more than 30 years. Prices soared through most of the year despite improving inventory. The massive market cooldown began in the spring when mortgage interest rates rose to more than double the level at the start of 2022.
Mortgagebroker News
DECEMBER 21, 2022
With today’s challenging market, having custom lending options to meet unique borrower needs is going to be a big difference maker for 2023.
Housing Wire
DECEMBER 20, 2022
Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as th
Mashvisor
DECEMBER 19, 2022
Investing in property is a great way to build long-term wealth, but you will need to get the best mortgage rate for investment property in 2023.
BiggerPockets
DECEMBER 22, 2022
Don’t know how to become a millionaire? There’s a pretty simple formula for seven-figure wealth that the average American doesn’t know about. It isn’t complicated, but it does take a […].
Mortgagebroker News
DECEMBER 23, 2022
Amid persistent economic volatility, Terra Firma said that it remains committed to maximizing shareholder value and liquidity
Housing Wire
DECEMBER 20, 2022
This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 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.
National Association of Realtors
DECEMBER 20, 2022
This bill requires the Veterans Administration to review its policies with respect to appraiser eligibility, appraisal waivers, and desktop appraisals with an emphasis on reducing costs to consumers and turn times.
BiggerPockets
DECEMBER 22, 2022
This article is presented by Kay Properties & Investments. Read our editorial guidelines for more information. It doesn’t seem that long ago when the winds surrounding the commercial real estate industry were […].
Mortgagebroker News
DECEMBER 21, 2022
The end of the central bank's rate hikes may be imminent – a development that could be a welcome boost for homebuyers
Housing Wire
DECEMBER 21, 2022
United Wholesale Mortgage (UWM) has expanded temporary buydown options for jumbo loans at a time when mortgage rates are still high and borrowers have increased negotiating power. UWM is one of many lenders to roll out temporary buydowns in recent months in a bid to drum up more business. The Detroit, Michigan-headquartered lender will offer borrowers of prime jumbo loans an option to reduce their mortgage rates by 2% during the first year of the loan and by 1% in the second year with a 2-1 buyd
Lamacchia Realty
DECEMBER 19, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: November 2022 MA/NH Housing Report appeared first on Lamacchia Realty.
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