Sacramento Appraisal Blog

MAY 25, 2021

Dear Sellers, How are things? The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. I hope all is well. This is coming from a good place and it’s based on observations and conversations with the real estate community. I hope this helps. […].

Sellers 479

Sellers Marketing Real Estate Housing Market 479

Housing Wire

DECEMBER 29, 2021

A bullish housing market. What a year 2021 has been. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020.

Housing Market 533

Housing Market Marketing Construction Mortgage 533

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. Will 2021 be more of the same?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We In 2021, Florida was responsible for 12.8% of total land sales in the U.S.,

Sellers 384

Sellers Real Estate Realtors Real Estate Agent 384

Appraisal Buzz

JANUARY 4, 2022

by November 2022, after experiencing record gains in 2021. The post Seller’s Market Closes 2021 on High Note appeared first on theMReport.com. The post Seller’s Market Closes 2021 on High Note appeared first on Appraisal Buzz. CoreLogic experts predict annual home price growth to slow to 2.8%

Marketing 195

Marketing Sellers Appraisal 195

Housing Wire

JULY 7, 2021

Sellers, rejoice. Roughly 77% of respondents to Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, said now is a good time to sell. in June 2021. That’s up from 67% the prior month. Overall, the HSPI decreased by 0.3

Sellers 508

Sellers Inventory Housing Market Design 508

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. If buying a home is on your radar for 2021, there are still ways to do it. Will we have a buyer’s housing market in 2021?

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

JANUARY 29, 2021

That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. To put it simply, the last half of 2020 was a seller’s market. But will 2021 be the same? Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low.

Property Taxes 458

Property Taxes Sellers Mortgage Buyers 458

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

Inventory 530

Inventory Contracts Training Investors 530

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

FEBRUARY 9, 2024

When it came time to select talent for the ads, Florance said Levy and Gardner, who starred and co-wrote in Saturday Night Live’s Zillow skit in February 2021, were no-brainers. The firm is no stranger to large marketing spends. In 2015, CoStar spent $100 million in consumer marketing to promote the revamped Apartments.com site. “I

Marketing 448

Marketing Advertising Real Estate Real Estate Agent 448

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

Housing Market 394

Housing Market Marketing Inventory Buyers 394

Housing Wire

MARCH 6, 2024

Armed with data from HousingWire sister company Altos Research , we can see in minute detail how the housing market responded to the recent 7%-and-higher rate environment and what the market may see again soon. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. in 2019-2020, 16.9-17.2%

Mortgage 437

Mortgage Sellers New Listings Buyers 437

Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. The company tallied $8.0

Investors 432

Investors Real Estate Inventory Finance 432

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. “The largest, undisrupted market in the U.S.,”

Marketing 421

Marketing Inventory Renovations Investors 421

Housing Wire

MARCH 18, 2022

months in February 2021. To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. You can see why some sellers are stressed now.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. Is it affecting the MSR market? “I

Marketing 397

Marketing Sellers Buyers Mortgage 397

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

Marketing 394

Marketing Mortgage Sellers Buyers 394

Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. Still, August 2021 home sales were still up 0.6% In August, home sales dropped 3.5%

Housing Market 500

Housing Market Marketing Inventory Buyers 500

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. economy has remained resilient, backed by a very strong labor market, sky-high job openings and low unemployment. in September 2022. The overall U.S.

Housing Market 431

Housing Market Marketing Inventory Sellers 431

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. Inventory issues. All about the rates.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

Housing Wire

JUNE 7, 2021

Homebuyers are feeling pretty discouraged by the housing market these days. In fact, four of the HPSI’s six components measuring market expectations increased month over month. Because the housing market feels very much like a zero sum game at this point, sellers again felt good about their position. The HPSI is still 12.5

Housing Market 537

Housing Market Marketing Sellers Inventory 537

Appraisal Buzz

AUGUST 3, 2022

has released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between July 2021 and July 2022. The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary’s nationwide platform. “In HouseCanary, Inc.

Sellers 195

Sellers Buyers Appraisal Marketing 195

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face.

Housing Market 406

Housing Market Marketing Inventory Buyers 406

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says. “As

Housing Market 384

Housing Market Renovations Marketing Retail 384

Appraisal Buzz

SEPTEMBER 20, 2021

It’s an incredible forum for learning, networking, and gleaning insights and forecasts on the future of the real estate market. Buyers and sellers? Stock and bond markets? But they’ll eventually deliver lucidity — allowing buyers, sellers, agents, appraisers, and lenders to plan and budget accordingly. Interest rates?

Valuation 195

Valuation Property Appraisal Real Estate Sellers 195

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

Lending 450

Lending Mortgage Inventory Business 450

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. In 2021 alone, 1,440 Austin homes have sold for between $100,000 and $299,999 above asking price, and 72 have already sold for $300,000 or more above asking price, per a recent study from Redfin.

Marketing 496

Marketing Sellers Finance Loan Officers 496

Housing Wire

JANUARY 6, 2021

Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap. with no appointment needed.

Housing Market 433

Housing Market Marketing Open Houses Sellers 433

Housing Wire

JANUARY 11, 2024

District Court in New York by Robert Friedman, a resident of Brooklyn who sold a property in Park Slope in May 2021 with the help of a Douglas Elliman agent. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves. It is not required for a seller to compensate a buyer’s agent.

Real Estate 427

Real Estate Sellers Real Estate Agent Agents 427

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

Housing Market 380

Housing Market Marketing Contracts Buyers 380

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. A traditional seller is also a traditional buyer, and certain homeowners have refused to buy their next home with mortgage rates above 6%. We had new listings growth from 2021 to 2022, but that’s not the case this year.

Inventory 458

Inventory Housing Market Marketing New Listings 458

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 369

Mortgage Marketing Retail Construction 369

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Finally, the significant observation I see with the inventory data this year versus last year is that last year’s new listing data was higher than in 2021.

Inventory 520

Inventory Housing Market Marketing New Listings 520

Housing Wire

FEBRUARY 16, 2022

The mortgage servicing rights market took off like a rocket in January and it has continued to accelerate into the stratosphere in February, according to industry experts who follow the MSR market closely. This is nearly three times the monthly average witnessed in 2021,” he added. You just never know.

Marketing 383

Marketing Mortgage Sellers Valuation 383

Housing Wire

JANUARY 17, 2023

The mortgage servicing rights (MSR) market has opened 2023 with a healthy volume of capital committed to purchasing the assets along with multiple sellers primed for deals — as evidenced by the $60 billion to $65 billion in MSR portfolio offerings currently out for bid, market experts say.

Marketing 449

Marketing Buyers Sellers Mortgage 449