Trending Articles

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Devalue Market Value? Pt 2

George Dell

Everyone knows value. Of course! It’s easy! Value is what I can sell something for. Well, sorta. No, wait – value is what I am willing to pay for something. Editor’s Note: This is Part 2 of Market Value or Other Value. I have an apple. You want one.

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The housing market is a mixed bag

Sacramento Appraisal Blog

The housing market is a mixed bag. It’s not always easy to understand what the market is doing right now. Today I have some thoughts about prices, Zestimates, and cash buyers. Scroll by topic or digest slowly.

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Latest housing starts data is good for mortgage rates

Housing Wire

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation.

Mortgage 464
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Creating Value vs Making Money

The Appraiser Coach

Today I’d like to share a principle with you that has changed my perspective. The principle is this: money is a tool. You could just stop reading right there. After.

Appraisal 195
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NAHB 2023 “Priced Out” Estimates – State and Local Estimates

Eyes on Housing

NAHB recently released its 2023 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 96.5

Mortgage 168
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Housing starts increase to meet rising buyer demand

Housing Wire

After pulling back at the start of the year , homebuilders jumped back in during February as homebuyer demand and builder confidence trended upward. Homes were started at an estimated annual pace of 1.45 million in February, up 9.8%

Buyers 418

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Market Value or Other Value?

George Dell

Market value, of course! Or is it? The great recession, and things like that, which come around every 12-15 years, all concur with the ‘accepted’ definition of market value, as written in the USPAP book Advisory Opinion 30.

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FAQ #11: Which Appraisal Method is the Best?

Riverfront Appraisals

From time to time, we get questions from Realtors, homeowners, and builders asking us why we use certain approaches, or if we can only use one of the approaches to value. In this FAQ post, we’ll look at the three commonly-used approaches to value when appraising a single family residential property.

Appraisal 143
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Concrete Products Lead Building Materials Prices Higher

Eyes on Housing

After four consecutive declines, the producer price index (PPI) for inputs to residential construction less energy (i.e., building materials) rose 0.3% in February 2023 (not seasonally adjusted) follow a 1.1% increase in January (revised), according to the latest PPI report.

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Big banks to rescue First Republic with $30B in deposits 

Housing Wire

A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure.

Insurance 393
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We Need a Lobbyist

Appraiserblogs

Who is going to organize raising the funds and hiring the lobbyist? We are woefully behind the curve here. Myself and many others were organized in the early 1990s and managed to protect the appraisers’ interests for the most part at that time.

Training 115
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Kamini Lane named president and CEO of Coldwell Banker Realty

Inman

Lane's appointment comes after M. Ryan Gorman's abrupt ouster as CEO in December. The brand also announced that Liz Gehringer would take on an expanded role as president and CEO of Anywhere Franchise Brands, the company exclusively told Inman.

Realty 148
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How GoFormz Can Help Your Ag Business

GoForrmz

Introduce digital forms to your agriculture operational processes Digital forms are revolutionizing the way growers and ag professionals are doing business. These forms offer a practical and effective alternative to conventional paper-based forms.

Business 146
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Builder Confidence Edges Higher in March but Future Outlook Uncertain

Eyes on Housing

Although high construction costs and elevated interest rates continue to hamper housing affordability, builders expressed cautious optimism in March as a lack of existing inventory is shifting demand to the new home market.

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FHFA delays implementation of LLPA DTI fees

Housing Wire

Following a chorus of complaints from the mortgage industry, the Federal Housing Finance Agency (FHFA) on Wednesday announced that it would delay the implementation of a new and controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios.

Realtors 394
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Tyler Technologies acquires Safeground Analytics

Valuation Review

Tyler Technologies, Inc. recently announced it acquired Safeground Analytics. realestateappraisalsandassessments

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Long & Foster co-founder P. Wesley ‘Wes’ Foster Jr., dies at 89

Inman

The brokerage Foster co-founded with Hank Long became known as a giant independent firm across the Mid-Atlantic region, and a pioneer of the "one-stop-shop" brokerage model.

Realtors 147
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How U.S. Home Valuations Are Being Subverted

Appraiserblogs

At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations.

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Single-Family Starts Remain Lackluster but Will Rebound Later This Year

Eyes on Housing

Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high construction costs and tightening credit conditions that threaten to be exacerbated by recent turmoil in the banking system.

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Mom-and-pop landlords stepping in as ‘mega-investors’ retreat from single-family market

Housing Wire

Single-family home purchase demand by investors remained steady in the fourth quarter of 2022, despite a dip in iBuying and larger investor demand, according to a report released this month by CoreLogic.

Landlords 357
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Portfolio analysis, loan popularity addressed by chief appraiser

Valuation Review

Consolidated Analytics Chief Appraiser Jeffrey Rauland shares more thoughts. portfolioanalysis #appraisaltrends

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5 inspiring home staging trends for spring

Inman

Rather than viewing it as an obligation, staging should be seen as an opportunity to be your most creative, inspired, and visionary self as you help your sellers wow potential buyers. Agent Leading in Luxury Sponsored 5 inspiring home staging trends for spring

Sellers 146
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Valcre achieves major milestone with SOC 2

Valcre

Independent audit confirms Valcre’s best-in-industry security standards with SOC 2 certification

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Households Priced Out by Higher Interest Rates

Eyes on Housing

New NAHB 2023 Priced-Out Estimates show that 96.5 million households are not able to afford a median priced new home, and that additional 140,436 households would be priced out of the new home market if the price goes up by $1,000.

Marketing 112
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Flagstar acquires $38B in assets, assumes $34B deposits from Signature

Housing Wire

Flagstar Bank , a top-20 U.S. mortgage lender owned by New York Community Bancorp, announced on Sunday that it has assumed most deposits and acquired certain assets, business lines and liabilities of Signature Bridge Bank, N.A. from the Federal Deposit Insurance Corporation (FDIC).

Insurance 309
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New home purchase mortgage applications down in January

Valuation Review

The MBA's Builder Application Survey data showed decreases for mortgage applications. newhomepurchases #January #MBA

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Beagel’s custom offer management is more than it promises: Tech Review

Inman

Agents 153
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What is the Difference Between Assessed Value and Market Value?

Lamacchia Realty

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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The Fed Raises Again but Takes a More Dovish Tone

Eyes on Housing

The Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points but indicated that it was moving to a more data dependent mode as markets digest incoming risks for banks.

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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory?

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Mortgage firm announces new technology for CRM lenders

Valuation Review

Mortgage CRM (customer relationship management) leader OptifiNow recently launched OptifiNow Flex. CRMplatform #mortgageteams

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Fill your pipeline with this AI tool

Inman

Recently, LocalizeOS CEO Omer Granot sat down with Inman’s tech columnist Craig Rowe to demonstrate how the hunter AI solution helps agents, teams, and brokerages achieve more. Agent Sponsored Fill your pipeline with this AI tool hunter ai localizeos omer granot

Tools 138
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[eBook] The 2023 GoFormz Mobile Forms Buyer’s Guide

GoForrmz

Everything you need to know about starting your transition to mobile forms Making the transition from paper-based documentation to digital data capture can feel daunting.

Buyers 78
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Existing Home Sales Surged in February

Eyes on Housing

A brief drop in mortgage rates and a pullback in home prices boosted existing home sales in February, according to the National Association of Realtors (NAR). The 30-year mortgage rates averaged less than 6.3%