Housing Wire
MAY 23, 2023
In a country with more than 330 million people, there are only 70,000 new homes available for sale today in the U.S. housing market. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. The number of new homes doesn’t ever get into the millions, but we are still working our way back to the pre-COVID levels of 80,000 to 100,000.
Cleveland Appraisal Blog
MAY 26, 2023
Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. But then they had to hire me to perform an appraisal.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Sacramento Appraisal Blog
MAY 23, 2023
It’s graduation season for school, and it’s also that time of year where the spring housing market crests or graduates for the year so to speak. Let’s talk about the signs of a peak, the weirdness of today’s market, and bro rating. UPCOMING (PUBLIC) SPEAKING GIGS: 6/1/23 Thrive in Real Estate (register here) 6/07/23 SAFE […] The post Graduation for the spring housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
The Appraiser Coach
MAY 23, 2023
Many of us hear about integrity often, but what does integrity even mean? What are we actually talking about here? A good explanation of integrity that I’ve heard is that.
Miller Samuel
MAY 21, 2023
On Friday morning, I was one of five expert witnesses (and the only as an appraiser) to testify on the topic of appraisal bias in front of the Appraisal Subcommittee (ASC). The witnesses waited together in the green room, plus additional TAF staff. We had a delightful conversation - everyone was very friendly and a pleasure to be with, given the adversarial nature of our looming testimony.
Housing Wire
MAY 21, 2023
It was a wild ride for the housing market last week! The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Eyes on Housing
MAY 22, 2023
An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower. According to first quarter 2023 data.
Inman
MAY 24, 2023
In an interview with Intel, real estate tech strategist Mike DelPrete laid out how artificial intelligence might change the industry, including real estate search portals, and why we're not there yet.
Appraiserblogs
MAY 23, 2023
While the statute doesn’t explicitly mention that providing a loan amount is an AIR violation… When a mortgage lender seeks to make a Veterans Administration-backed home loan, the lender requests an appraisal from the VA’s appraiser panel by using a form entitled Request for Determination of Reasonable Value. For many years, until it was revised in July 2022, this form had a box labelled “Refinancing-Amount of Proposed Loan.
Housing Wire
MAY 23, 2023
Fannie Mae and Freddie Mac executives recognize that the wave of loan-repurchase requests represents an added challenge for lenders who already have a stretched balance sheet. However, Fannie Mae’s position is that the loan-repurchase increases are an economic problem, not an underwriting process issue. Meanwhile, Freddie Mac said it’s in talks with lenders to address the problem through a more customer-focused approach.
Riverfront Appraisals
MAY 25, 2023
I feel like we all need a laugh. How about you? It seems like everywhere you turn all you read about or hear about is negative. Or heavy. Or sad. So with this post, I’m switching gears and I’m answering the question I get a ton from various friends. It usually comes up at a […] The post FAQ #19: What Are Some Of The Craziest Things You’ve Heard As An Appraiser?
Eyes on Housing
MAY 24, 2023
The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the first quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts.
Inman
MAY 26, 2023
The home in Studio City was renovated by HGTV in 2019 and has since been used in a number of the network's specials and series. Now one lucky buyer will be able to keep a piece of television history.
Empire Appraisal Group
MAY 25, 2023
NEWS & MEDIA Andrea Antonetti / EyeEm / Getty Images Source: FHFA: Fla. has 6 of Top 10 Price-Increase Metros | Florida Realtors FHFA: Fla. has 6 of Top 10 Price-Increase Metros By Kerry Smith The FHFA House Price Index in 4Q 2022 found an 8.4% year-to-year rise – but 20.1% in top-ranking Bradenton. Of 100 metros, none in Fla. was lower than 31.
Housing Wire
MAY 22, 2023
Rocket Mortgage introduced a new 1% down home loan program aiming to target more than 90 million borrowers. Rocket’s new product comes on the heels of rival United Wholesale Mortgage (UWM) rolling out a similar program. Dubbed ONE+, a buyer using this program who’s purchasing a single-family home, and whose income is equal to or less than 80% of their area median income (AMI), is only required to make a down payment of 1% of the purchase price.
GoForrmz
MAY 25, 2023
“ you go from 60 cents up to a $1.97 for a stamp to only needing 20 cents to use a public form link for all the necessary paperwork. ” — Corey Bland, Development Manager, CCDC About CCDC CCDC, which was founded in 2002 in Central Illinois and has been serving Christian County for over 20 years, operates in the affordable housing sector.
Eyes on Housing
MAY 23, 2023
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the first quarter of 2023. For the first quarter, 127,000 multifamily residences started construction. Of this total, 123,000 were built-for-rental use. The market share of rental units of multifamily construction starts stood at an elevated 96% for the first quarter as the.
Inman
MAY 25, 2023
A federal appeals court on Wednesday denied a request from NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America to overturn class certification in the Moehrl lawsuit.
McKissock
MAY 24, 2023
There is no such thing as a typical day in the life of an appraiser trainee. Some days you’re in the office doing research and analysis (aka. “paperwork days”), and some days you’re out in the field looking at properties (aka. “inspection days”). We asked appraiser trainee Lindsay Onuffer what a “typical” day in the life of an appraisal trainee is like.
Housing Wire
MAY 23, 2023
In my last market outlook for HousingWire, published in January , I offered two predictions for the early 2023 retail housing market based on forward-looking Auction.com bidding behavior from the fourth quarter of 2022: A home price correction nationwide and in the majority of major markets Home sales volume bottoming out While both predictions have played out in large part (more on that below), bidder behavior on Auction.com in the first quarter turned a sharp corner, indicating a robust reboun
GoForrmz
MAY 23, 2023
Running a small business isn’t for the faint of heart You’re ready for your small business to grow, but getting to that point is going to take some time. Several business experts over the years have identified five key stages to growing your small business, and generally speaking, you will have to go through all of them - and some can appear daunting.
Eyes on Housing
MAY 23, 2023
Stabilizing mortgage rates and a lack of resale inventory provided a boost for new home sales in April, even as builders continue to wrestle with rising costs stemming from shortages of transformers and other building materials and a persistent lack of construction workers. Sales of newly built, single-family homes in April increased 4.1% to a 683,000 seasonally adjusted annual rate.
Inman
MAY 22, 2023
Does this sound familiar? You have a beautiful listing that would be a fantastic investment for a buyer — yet it has dated paint colors, worn furniture, and too many accessories that will ultimately detract from the results you know you could achieve for your seller.
McKissock
MAY 23, 2023
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant info to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?
Housing Wire
MAY 24, 2023
Last week, the U.S. debt ceiling impasse and the resilient economy led mortgage rates to climb to the highest level in two months. Some indexes show the 30-year fixed rate has reached the 7% mark, which has reduced borrowers’ appetite for home loans. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% for the week ending May 19 compared to one week earlier.
Eyes on Housing
MAY 26, 2023
While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing. From the last quarter of 2022 to the first quarter of 2023, the average effective rate (based on rate of return to the lender over the assumed life of.
Inman
MAY 22, 2023
Jordan Cohen of RE/MAX One spent three decades rising through the ranks and becoming the go-to real estate agent for professional athletes and celebrities alike.
BiggerPockets
MAY 27, 2023
Some states that have been historically solid to invest in are starting to become more expensive and harder to cash flow in. Does Florida make the cut still?
Housing Wire
MAY 24, 2023
Freddie Mac on Tuesday announced enhancements to its automated income assessment tool —already used for direct deposits—to also include the borrower’s digital paystub data. The government sponsored enterprise said lenders can calculate income faster and more precisely, improving loan quality, simplifying the mortgage process and expanding access to credit.
Valuation Review
MAY 22, 2023
Black Knight Home Price Index numbers revealed for March.
Eyes on Housing
MAY 25, 2023
Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that multifamily market demand has softened as the percentage of apartments absorbed within the first 3 months of completion fell to 59.0% after six consecutive quarters of above 60.0% percent absorption. The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the.
Inman
MAY 22, 2023
Inman recently caught up with Marguleas to discuss his company's new venture in Dallas, the effects of the LA 'Mansion Tax' and what he's looking forward to at this year's ICLV event.
Expert insights. Personalized for you.
493 
Let's personalize your content