Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. I was given a lockbox combination and inspected the vacant home. A basic Q4, C3 home. Fannie Mae provided two sales and two listing based on their “model”. This approximately 900sf, 1.5

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Housing Wire

JULY 22, 2022

FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Non-QM lender First Guaranty Mortgage Corp. Sprout Mortgage imploded in early July, leaving its employees out in the cold. In time, he said, they may well end up being “more of a trend than outliers.”.

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Appraisal Today

DECEMBER 8, 2023

To Mean, or Not to Mean, That is the Question By Brent Bowen Excerpts: There seems to be a consensus among appraisal reviewers that the appraiser should not average the adjusted sales prices of their comparables in order to arrive at an indicated value of the subject from the Sales Comparison Approach. One of the best I have read.

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Housing Wire

NOVEMBER 30, 2023

Requirements to get a real estate license in Ohio Before you enroll in the required 120 hours of sales associate prelicensing education, you’ll need to know some of the requirements for obtaining an Ohio real estate license. Wondering how to get a real estate license in Ohio in 2024? minutes per question!)

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Appraisal Today

DECEMBER 2, 2022

Persons who started in sales but were not very good sometimes went into appraising. Appraisers with real estate sales experience know real estate from the “inside” by interacting with buyers and sellers. I got it mostly for MLS access and have only done one sale, representing the buyer. NAR Appraisal Survey 2022.

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Appraisal Today

AUGUST 18, 2023

When business is slow is an excellent time to look for new apps, learn how to use your MLS and forms software, etc. Appraisal Business Tips Humor for Appraisers Fannie: Words and Phrases in Appraisals Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. The first quarter of 2023 had the lowest number of homes listed in recorded history.

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Lamacchia Realty

MARCH 30, 2023

Alongside these jitters, fans and residents are feeling an immense amount of pride for their home cities, especially since this is the first time for most of these teams to make it to the Final Four! Take a look at where each team stands and learn more about the city they are proud to call home!

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Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. But home prices are staying pretty stable even though we can measure a slowdown in the number of homes getting offers. Most years, available inventory of unsold homes on the market peaks in August. That’s 11% fewer than last year.

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Housing Wire

OCTOBER 3, 2023

As housing inventory builds in the housing market due to waning buyer activity, home prices show little to no signs of letting up. For my full analysis of this week’s housing data, watch the 11-minute video above. There are 5% fewer homes on the market now than last year, but inventory is climbing faster now than it was then.

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Appraisal Today

SEPTEMBER 23, 2022

Okay, one last thing about size: During the beginning of the pandemic there was a blatant spike in home size due to a greater focus on larger homes at higher prices. Will we see smaller homes more often as first-time buyers flood the market? Will we see fewer sales at the highest prices? By Ryan Lundquist.

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Housing Wire

SEPTEMBER 12, 2023

I read a Wall Street Journal editorial piece that cited a stat to say home prices are 13% below last year. Home prices remain just fractionally above where they were a year ago. The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. That’s blatantly wrong.

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Housing Wire

MAY 26, 2022

We will have more challenging comps to work in October of this year, and maybe that 18%-22% decline will happen then. Let’s take a look here together because I have been worried about unhealthy home price growth since the breakout in housing demand in 2020, but it’s not because of record-breaking credit demand. housing market.

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Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

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Appraisal Today

OCTOBER 6, 2023

We also have a new product launching this year. I assume a new class will be required every two years in the future. unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. This year, for the first time, you can purchase just the book of USPAP standards for $35.

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Will Springer Realtor

DECEMBER 14, 2021

What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years. What did we see in 2021 Seattle/King County homeowners that were on the ball likely timed their sales at one of the highest temperatures of market hotness in recent years.

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Lamacchia Realty

DECEMBER 28, 2022

In my predictions for 2022 I had put one last sentence at the end of my final paragraph that stated: “Bottom line, my prediction for 2022 is simple. It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes.

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Appraisal Today

OCTOBER 13, 2023

If you have done AMC lender appraising only, you only appraise homes that conform to GSE requirements. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! But what if the appraisal form was completely blank with no boilerplate text?

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Appraisal Law Contracts Business 79

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Buyers and sellers tiptoed through caution. Um, bye-bye!

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Housing Wire

OCTOBER 24, 2022

Mortgage advisory firms Prestwick Mortgage Group and partner Mortgage Capital Trading (MCT); Incenter Mortgage Advisors ; and MIAC Analytics are out with a total of 10 bulk mortgage-servicing rights (MSR) offerings with bid-due dates in October. MIAC is handling one of those bulk offerings, one of the largest, valued at $2.44

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Lamacchia Realty

APRIL 15, 2022

week supply of homes for sale. We will tell them how after the once-in-a-century pandemic , the average home sale price increased dramatically. In 2021 alone, prices increased 19%. One day, we will be reminiscing with the next generation about how there was once only a 2.5-week

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Marketing Sellers Buyers Inventory 67

Will Springer Realtor

DECEMBER 12, 2023

November featured a sharp drop in activity and mixed home prices across King County. The market assessment makes for uninspired reading: Only 1513 listings hit the market in the month for all home types, a devastating 30% decline in one month. Americans are selling homes at an annual rate of 3.8M units, a 13-year low.

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Will Springer Realtor

FEBRUARY 13, 2024

The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761).

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Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? What’s next?

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Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. Entry is free on Nov. Rainier and other national parks on this special day. Zoning laws in the U.S. Zoning laws in the U.S. The benefits of zoning are innumerable.

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Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Compounding the financial squeeze, home prices have risen in many cities outside Seattle. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach.

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Appraisal Today

FEBRUARY 2, 2024

A redesigned, dynamic URAR will replace the numerous and separate appraisal forms and can be used for different property types, such as two-to-four units, condominiums, and manufactured homes, and for different scopes of work, such as interior and exterior inspections, updates, and completion assignments. What exactly does this mean?

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Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Danielle Hale, chief economist for realtor.com, said: “There will be more homes for sale, homes will likely take longer to sell and buyers will not face the extreme competition that was commonplace over the past few years.”

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Will Springer Realtor

OCTOBER 11, 2022

The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. (

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Will Springer Realtor

NOVEMBER 10, 2023

Roughly 84% of newly built, single-family homes sold in 2022 were part of an association, according to U.S. We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Census data.

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Will Springer Realtor

NOVEMBER 12, 2021

In this monthly newsletter, we have called for a generational response to the housing shortage, particularly to address the near-absence of affordable homes. Constraints on housing creation, especially among so-called starter homes, arguably limit the number of workers who can access high-producing jobs.

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Will Springer Realtor

JANUARY 7, 2022

We are only a couple of weeks into 2022 and the region’s residential real estate market is already getting back in motion for what should be another year of unprecedented levels of activity and incredibly high demand. Since 2016, Seattle area home prices have climbed 70% and average rents in the metro area have risen 23%.

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Construction Real Estate Inventory Buyers 36

Will Springer Realtor

MARCH 11, 2024

When considering housing affordability, the focus often falls on the upfront expenses of buying a home. Nationwide, home insurance premiums have surged by an average of 21% year-on-year, as of May 2023, equating to an annual increase of $244 per household.

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Will Springer Realtor

FEBRUARY 9, 2024

Many can apparently afford to live on their own; people in Seattle with a college degree earn a median income of $116,000, according to Census data from 2022. While most own their homes like traditional residential life, cohousing members also follow a participatory way of being. Seattle is different than other cities in many ways.

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