Housing Wire

JULY 6, 2023

Horton also announced the acquisition of 156 lots and control of around 400 lots through option contracts from Truland affiliates, as well as 201 lots and control of approximately 260 lots through option contracts from third parties. We look forward to continuing as a key lot development partner for D.R. ” D.R.

Contracts 365

Contracts Development Insurance Construction 365

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said. contraction. trillion in 2023 and $1.35

Construction 335

Construction Lending Finance Mortgage 335

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

Housing Market 544

Housing Market Marketing Construction Development 544

Housing Wire

OCTOBER 26, 2022

Census Bureau and the Department of Housing and Urban Development. The builders will pull back on construction when the supply is 6.5 When rates rose back in March, there was a considerable risk to the business model with many homes under construction. months of supply is still under construction 2.1 This is 10.9

Construction 438

Construction Inventory Contracts Buyers 438

Housing Wire

MAY 19, 2022

It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% Fannie expects a slowdown in homesales for the second and third quarters of 2022, followed by a softening in construction activity and a large deceleration in home price growth. Department of Housing and Urban Development.

Contracts 398

Contracts Mortgage Construction Development 398

Eyes on Housing

AUGUST 25, 2023

Interest rates on loans for Acquisition, Development & Construction (AD&C) continued to climb in the second quarter of 2023, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 78

Construction Contracts Finance Development 78

Housing Wire

MAY 23, 2023

From Census: New home sales: Sales of new single‐family houses in April 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. months and above, the builders will pull back on construction.

Inventory 516

Inventory Housing Market Construction Marketing 516

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. The second avenue for expanding inventory is new construction.

Real Estate Agent 404

Real Estate Agent Real Estate Buyers Agents 404

Housing Wire

FEBRUARY 22, 2022

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. of homes for sale were new construction. million homes are under construction, the highest level in decades.

Supply Chain 534

Supply Chain Construction Inventory Housing Market 534

McKissock

APRIL 25, 2023

Uncover this month’s economic trends and insights—written from an appraiser’s standpoint—in the following economic recap for April 2023. Economic recap April 2023 While the first quarter of 2023 began with stronger economic signals than anticipated, the pace of economic activity had slowed considerably by the end of the first quarter.

Real Estate 86

Real Estate Appraisal Contracts Construction 86

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. in 2022 but will drop to 4% in 2023. trillion 2023, down from $4.8 Cleveland — Residential construction and real estate activity softened further amid rising interest rates.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JANUARY 13, 2023

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states. They include a $405.2

Marketing 400

Marketing Investing Investors Landlords 400

McKissock

JANUARY 6, 2023

Here are a few ideas for transforming your appraisal career in 2023. An assessor may contract with an independent fee appraiser to help identify property characteristics, measure properties, confirm the building’s condition and quality of construction, or review assessment disputes from taxpayers. Who staffs these types of jobs?

Appraisal 74

Appraisal Training Lending Land Management 74

Listing Spark

SEPTEMBER 25, 2023

The Rise of New Construction Homes New construction is stepping up to fill the void in the market. In cities like Houston and Dallas, new construction now accounts for a substantial 28% of the market, meaning more than one out of every four homes sold is newly constructed.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

NOVEMBER 3, 2023

Right now, the first suit to go to trial should be the Sitzer lawsuit (named after its lead plaintiff), which was scheduled to begin on February 21, 2023, but at the request of Anywhere (referred to as Realogy in all court filings), it has been postponed indefinitely, as reported by Real Estate Reporter Brooklee Han. Judge Stephen R.

Real Estate 292

Real Estate Brokerage Buyers Property Management 292

Will Springer Realtor

DECEMBER 13, 2022

early in 2023 and drop to 7.1% The housing market is expected to face continued uncertainty heading into 2023 as consumers, financial markets, and policymakers work through their respective challenges in today’s economy,” said Ali Wolf, chief economist for real estate research firm Zonda. It believes rates will rise to about 7.4%

Real Estate 36

Real Estate Buyers Construction Sellers 36

Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. First finished homes projected to be finished in September, 2023.What The community is part of a wider development in Georgetown, Texas called Wolf Ranch. ®. == PHOTO ABOVE IS NEW HOME SUBDIVISION IN TEXAS.

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

JULY 28, 2023

by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. I wrote about the July 17 Freddie announcement in this newsletter’s June 16, 2023 issue.

Appraisal 79

Appraisal Contracts Mortgage Clients 79

Appraisal Today

APRIL 5, 2024

Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape.

Appraisal 77

Appraisal Contracts Business Construction 77

Housing Wire

APRIL 27, 2023

These developments—and more—can be seen as cracks in the armor of a housing-industry sector that rose out of the ashes of the Great Recession and grew to become a thriving alternative for individuals locked out the home-purchase market by rapidly rising prices. billion, according to data tracked by Kroll Bond Rating Agency (KBRA).

Renovations 278

Renovations Investing Real Estate Marketing 278

Housing Wire

NOVEMBER 30, 2023

Program follows a blueprint developed by the OH Association of Realtors®. With a membership, you’ll have access to the required CE courses plus professional development tools to sharpen your skills and maximize your business, as well as additional downloads, videos, learning aids, articles, and checklists. Athens Campus location.

Real Estate 369

Real Estate Real Estate Agent Law Inspection 369

Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. Santa Premium Adjustment?

Appraisal 77

Appraisal Contracts Business Mortgage 77

Appraisal Today

AUGUST 18, 2023

Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period. Request a reasonable fee based on the time involved in developing, analyzing, and reporting the appraisal.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? Originally constructed in 1973, an 1100 ht.sq.ft. Stick to the facts.

Appraisal 63

Appraisal Contracts Design Mortgage 63

Appraisal Today

AUGUST 13, 2023

High-end construction with luxe touches throughout, vaulted ceilings elevate the space. Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Built in 2003, the Mediterranean style primary residence totals 4, 050 sq. Storage space abounds in the 1, 055 sq. garage as well.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

NOVEMBER 3, 2023

FHFA’s Desktop Appraisal Oversight: OIG Report Highlights Documentation Gaps Oct 31, 2023 Excerpts: The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring. Between Oct.

Appraisal 76

Appraisal Contracts Architecture Mortgage 76

Appraisal Today

JUNE 16, 2023

Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

Appraisal 75

Appraisal Contracts Design Mortgage 75

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. The 30-year fixed mortgage rate edged higher last week and ended 2023 at 6.76 percent the previous week.

Appraisal 75

Appraisal Contracts Legal Business 75

Appraisal Today

NOVEMBER 24, 2023

For starters, any development would have to pass through three levels of bureaucracy, as 4.1 The most recent E&O issue is July 2023, available to paid subscribers. The main house is just the end modules of shipping containers, and the rest is steel construction.” November 22, 2023) — Mortgage applications increased 3.0

Appraisal 75

Appraisal Mortgage Business Contracts 75

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. Note: This update does not apply to newly constructed manufactured homes because these items must be present on all new units. October 18, 2023) — Mortgage applications decreased 6.9

Appraisal 71

Appraisal Design Contracts Inspection 71

Appraisal Today

MARCH 22, 2024

Updated Unacceptable Appraisal Practices (bias words) – the overall occurrence rate which has declined from 0.15% of appraisal reports in 2021 to just 0.03% in 2023 (see Figure 1). For those who don’t know, I’ve been involved in appraisal form development, from scratch. Do the right thing. That’s it. percent from 6.84

Appraisal 66

Appraisal Contracts Business Insurance 66

Appraisal Today

NOVEMBER 17, 2023

Thorne, was best known for his use of steel in residential construction. Most modern homes are constructed on a hillside lot on a downslope or upslope, with the house clinging to the side,” Morris says. November 15, 2023) — Mortgage applications increased 2.8 per month, $24.75 Click here for more info! Or hit the reply button.

Appraisal 69

Appraisal Modernization Training Business 69

Appraisal Today

JANUARY 4, 2023

Appraisers Share Their Top Professional Goals for 2023. What are you planning to do in 2023? In the January 2023 issue of Appraisal Today. The BPS places new homes built in one of four development categories. Homes built in a new residential development are by far the most common type. 1-6-23 NEWSLETTER.

Appraisal 52

Appraisal Contracts Business Development 52

McKissock

MAY 10, 2023

Or you were a home inspector and/or are familiar with construction, major components, and mechanicals. Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. That’s our number one priority, and everyone forgets it.

Real Estate 86

Real Estate Appraisal Training Business 86

Will Springer Realtor

MAY 13, 2024

In March 2023, we had an undersupply of 1.7M Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. home sales in 2023, the highest level since 2014. We are now experiencing historic shortages. shy of the need.

HOA 36

HOA Transportation Construction Buyers 36

The Robert Weiler Company

APRIL 5, 2023

Industrial real estate investors and developers can’t add new properties to the market fast enough. Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. Consider subleasing.

Landlords 144

Landlords Tenants Logistics Real Estate 144

Appraisal Today

FEBRUARY 17, 2023

I’m always looking for something new ;> If you are a paid subscriber and did not get the February 2023 issue emailed on Wednesday, February 1, please email info@appraisaltoday.com , and we will send it to you!! A standard commercial building was constructed. == HOW TO USE THE NUMBERS BELOW. Or hit the reply button.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52