article thumbnail

ARMs Offer Largest Savings Since 2015

Appraisal Buzz

That’s the largest savings for adjustable-rate mortgage holders since at least 2015. Redfin’s analysis is based on estimated monthly mortgage payments on the median-asking-price … The post ARMs Offer Largest Savings Since 2015 appeared first on theMReport.com.

Appraisal 221
article thumbnail

How To Prepare For Your Orange County Home Appraisal

Sammco Real Estate Appraisal Group

Most people have a pretty good idea of what their home is worth. If they have lived in the area for a reasonable amount of time, they know what other homes have sold for that are similar to theirs. Everyone should have an appraisal performed at least every 2 years or so.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thinking of hiring the cheapest appraiser?

Sammco Real Estate Appraisal Group

If you have never worked with an appraiser before, you probably wouldn’t realize that all appraisers are not created equal and can be very different depending on their experience, education, and knowledge of your market area. .

article thumbnail

2021 MMI Report: Reverse mortgage portfolio hits positive territory for first time since 2015

Housing Wire

The financial performance of the HECM portfolio has improved in each of the last three years and is now positive for the first time since FY 2015,” FHA’s Annual Report to Congress reads.

Insurance 291
article thumbnail

How to Hire the Best Orange County Home Appraiser

Sammco Real Estate Appraisal Group

So how do you find best Orange County Home Appraiser? You might be a home owner, a mortgage loan officer or even an appraisal management company. If you Google Orange County Home Appraiser and look at some of the listings, you’ll not find a lot of appraisers in Orange County, CA that do non-lender work. The majority of appraisers only do lender work and are not familiar with Bankruptcy , Divorce and Date of Death Appraisals. You may also find that almost every website looks the same.

article thumbnail

What Are FHA Appraisers Looking For?

Sammco Real Estate Appraisal Group

If you have decided to apply for an FHA loan to purchase a home, or if you are attempting to sell your home to someone with FHA financing, there are some special appraisal facts of which you should be aware. FHA stands for Federal Housing Administration and is an agency of the federal government. Therefore, the same rules apply around the country for any home bought using an FHA insured loan.

article thumbnail

Pending home sales fall to lowest level since 2015, new data shows

Inman

Pending home sales dropped 32 percent annually during the four-week period ending Jan. 1, with the biggest drop-offs recorded in markets that took off during the pandemic, according to Redfin. Markets & Economy Select december 2022 pending home sales Redfin

Marketing 117
article thumbnail

Industrial Condominium Unit

Mores Appraisal Group

We recently appraised this industrial condominium unit located in San Jose, California for a private money lender. The 4,622 square foot building features a 16′ warehouse clear height, and one ground level loading door.

Design 36
article thumbnail

Warehouse Building

Mores Appraisal Group

We appraised this 15,716 square foot warehouse building on 1.08 acres, in Vallejo California for estate planning purposes. The concrete block building features a 16′ warehouse clear height, three ground level loading doors, and 30 on-site parking spaces.

article thumbnail

Medical Office Building

Mores Appraisal Group

We appraised this Class B medical office building in Hemet California for pre-listing purposes. The building features include 16,782 square feet, plus a free-standing pad building used as a pharmacy. The buildings were constructed in 1962 and 1992. The site area is 1.23 acres.

article thumbnail

Multi-Tenant Retail Center

Mores Appraisal Group

We appraised the partial ownership interest of a multi-tenant retail center with a fast-food pad restaurant located on Jarvis Avenue in Newark California for estate planning purposes.

Retail 36
article thumbnail

Multi-Tenant Office Building

Mores Appraisal Group

We appraised the partial ownership interest of a multi-tenant office building on Hope Street in Mountain View for estate planning purposes. Building features include 15,200 square feet of gross building area situated on a 0.34 acre site, with limited on-site parking of 7 spaces.

Tenants 36
article thumbnail

How an Easement Can Make for Lousy Neighbors

Zillow

By Mary Fetzer Consider this hypothetical: A man named Mark decides to purchase a parcel of land in a remote, mountainous area. He looks forward to enjoying it as a getaway retreat. But there's a problem. It turns out he can't access the property without going through his neighbor Sandy's land.

article thumbnail

5 Surprising Home Buyer Incentives

Zillow

In up markets and down, there are always motivated sellers - those who want a quick or painless close, or just want to move the home.

Buyers 36
article thumbnail

How to Get Rid of Your Roommate (Legally!)

Zillow

He's messy, his rent is always late, and now he "lost" his pet scorpions somewhere on the premises. In other words, it's high time for your roommate to hit the road. But how to get him out? Legally speaking, can one tenant kick the other to the curb based on a few common lease violations?

Legal 36
article thumbnail

Why Do Appraisers Take So Many Pictures?

Round Rock Appraisal

Is It Necessary For An Appraiser To Take So Many Photos Of Your Home? Some homeowners find it a little annoying and unsettling when appraisers seem to be spending so much time taking pictures of every single room in their home along with every nook and cranny.

article thumbnail

What Are Comps? Understanding a Key Real Estate Tool

Zillow

"Comps," or comparable sales, is a term anyone on either side of a real estate transaction should know well. It refers to homes located in the same area and very similar in size, condition and features as the home you are trying to buy or sell.

Tools 36
article thumbnail

How to Find Your Dream Home

Zillow

You've been pre-approved and know what you can afford, so it’s time to start home shopping. But the hunt for your dream home will stall rapidly if you don't know what that "dream" looks like. It's easy to talk in generalities about wanting a "big" house or an "older" home.

article thumbnail

Cash Buyer? You Still Need an Appraisal

Round Rock Appraisal

An appraisal of property serves the benefit of both the seller and the buyer. This not only makes sure the price listing for the property is fair but also to insure the buyer isn’t overpaying. Paying Too Much For Too Little.

article thumbnail

What Makes Buyers Overpay for Homes?

Texas Home Appraisal Blog

In the world of real estate and buyers, there seems to be a little imbalance in what the actual value of a home might be and what a buyer might be willing to pay.

article thumbnail

Eviction 101: What's Legal, What's Not, and Your Rights as a Tenant

Zillow

By Stephanie Reid, Avvo attorney and NakedLaw contributor There it is: the dreaded eviction notice , taped not-so-subtly across the front door of your home.

Legal 36
article thumbnail

How to Buy a Lake House in 4 Easy Steps

Zillow

Many people dream of finding the perfect lake house. But once you’ve found it, is it really that easy to buy and finance the home? It is if you follow these four steps.

article thumbnail

Talk Ain't Cheap: 9 Listing Keywords That Could Cost You

Zillow

First impressions matter. When it comes to for-sale listings, the first thing most buyers see is a home’s description. But not all listing descriptions are created equal.

Buyers 36
article thumbnail

New Real Estate Laws

Mores Appraisal Group

Effective January 1, 2015. Fast forward to January 1, 2015 the amendments enacted by AB 1888 eliminated this practice. Transfer Tax Disclosure Requirement – AB 1888. A new California law now in effect requires the documentary transfer tax to be included on the face of the property deed.

Law 28
article thumbnail

Mortgage losses soar to highest level since 2015

Mortgagebroker News

So why is the share of written-off mortgages still declining

article thumbnail

Cost of Constructing a Home in 2022

Eyes on Housing

Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of the home (2013: 61.7%, 2015: Read More › Economics construction costs Cost of Constructing a Home cost of construction Expenses profit margin

article thumbnail

HUD Rescinds ‘Preserving Neighborhood and Community Choice’ Rule

Appraisal Buzz

Department Secretary Marcia Fudge says HUD will restore certain definitions and other selected parts from 2015’s Affirmatively Furthering Fair Housing rule, which the previous administration ended last year. .

Appraisal 370
article thumbnail

Mr. Cooper names second chief financial officer in less than a year

Inman

Mortgage veteran Kurt Johnson, who held executive roles at Indymac Bank and OneWest Bank before joining Mr. Cooper in 2015, succeeds Jaime Gow as CFO, it was announced this week.

Mortgage 126
article thumbnail

Building Materials Prices Decline for Second Consecutive Month

Eyes on Housing

The index has decreased four of five months for the first time since 2015. The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report.

article thumbnail

More Young Workers Join the Construction Labor Force

Eyes on Housing

in 2015. The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. The share of workers under the age of 25 reached 10.8% in the construction industry in 2019, compared to only 9.7%

article thumbnail

Concrete Prices, Volatility Continue Torrid Pace as Lumber Normalizes

Eyes on Housing

The index has decreased five of six months for the first time since 2015. The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively, according to the latest Producer Price Index (PPI) report.

article thumbnail

Worried About The Impact Of Oil Price Crash On Houston Home Values?

Houston Properties

We reviewed key trends from the 2015 oil crash and 2008 Great Recession to see how the recent oil price crash will impact the Houston housing market

article thumbnail

Share of New Homes with Porches Dips Below 64 Percent

Eyes on Housing

This marks the first time the share of single-family homes with porches has dipped below 64 percent since 2015. . Of the roughly 1.1 million single-family homes started in 2021, 63.4

article thumbnail

CMI hits the $1bn mark

Mortgagebroker News

The company says it has surpassed the landmark in mortgages funded since 2015

article thumbnail

Cenlar FSB names Jim Daras as CEO and president

Housing Wire

He left Cenlar in 1990 to join New York City-based Dime Bancorp as its chief financial officer but returned to Cenlar in 2015. He then worked as Cenlar’s chief risk officer from 2015 to 2019 before taking on an advisory role at the company in 2019.

Clients 318
article thumbnail

CFPB bans RMK Financial Corporation from mortgage lending industry

Housing Wire

RMK Financial Corporation , which does business as Majestic Home Loans , has been permanently banned by the Consumer Financial Protection Bureau (CFPB) from the mortgage lending industry following a series of repeat offenses — which occurred despite the CFPB’s law enforcement order issued in 2015.

Lending 335
article thumbnail

How Does Profit Margin Compression Affect the Mortgage Industry?

Appraisal Buzz

Lender profit margin expectations have consistently fallen over the years since 2015. BLOG VIEW: Profit margin compression is currently one of the most significant factors impacting profitability and business efficiency for mortgage lenders.

Appraisal 195
article thumbnail

Homebot home education portal acquires mobile app firm Quo Finance 

Housing Wire

Homebot was co-founded by Ernie Graham and Ira McMahon in 2015 with a vision to help people make smart financial decisions with their homes.

Finance 195
article thumbnail

Paige Martin Named “One Of The Top 25 Residential Realtors In Houston” By The Houston Business Journal

Houston Properties

The Houston Business Journal named Paige Martin one of “Top 25 Residential Realtors in Houston” as part of its annual 2015 Top Real Estate Awards program

article thumbnail

Frank Nothaft, economist with “inimitable style,” has died

Housing Wire

Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. From 2010 to 2015, he was on the faculty at Georgetown University School of Continuing Studies , where he taught urban real estate economics.