Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Looking ahead to the second half of 2023 and beyond, NAR said it expects that the economy will continue adding jobs , but at a slower pace. in 2023 and 5.6% year over year in 2023 to 1.44 million for all of 2023. year over year.

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Inventory Realtors Contracts Construction 413

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. That’s where we come in.

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Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. in 2023 before increasing to 4.1% in 2023, settling at 4.38 Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” in 2023, to 720,000. from 2022 to 2023, to 1.47

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Construction Inventory Realtors Housing Market 362

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1% in 2023 and 5.4% year over year in 2023 to a total of 4.47 year over year in 2023 before posting a 19.4%

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Housing Market Realtors Contracts Buyers 416

Housing Wire

NOVEMBER 3, 2023

Real estate commissions are under the microscope. With the scrutiny of The Department of Justice and the Federal Trade Commission and multiple lawsuits concerning how buyers’ brokers get paid, many brokers say it feels like an all-out war on the real estate industry. Judge Stephen R. Bough of U.S.

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Real Estate Brokerage Buyers Property Management 310

McKissock

MAY 10, 2023

Many real estate appraisers don’t have the time to mentor a beginner. Or you were a home inspector and/or are familiar with construction, major components, and mechanicals. The nation needs us, yet they don’t see the real reason we exist. Sometimes they fear that the newcomer, once fully trained, will become a competitor.

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Real Estate Appraisal Training Business 86

McKissock

JANUARY 6, 2023

Here are a few ideas for transforming your appraisal career in 2023. Department of the Interior also offer similar employment opportunities related to real estate collateral, appraisal policy, and appraisals. Train future appraisers, collateral underwriters, AMC staff, real estate agents, and others in real estate appraisal.

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Appraisal Training Lending Land Management 74

Housing Wire

JUNE 7, 2022

The Federal Reserve raised the interest rate by a half percentage point on May 4 and repeatedly has signaled it will continue to raise rates this year and into 2023. The Fed’s interest rate does not directly affect mortgage rates, but higher interest rates steer market activity to create higher mortgage rates and reduce demand.

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Mortgage Housing Market Contracts Construction 379

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

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Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

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Real Estate Agent Real Estate Appraisal Agents 52

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Atlanta Home Prices Q2 2023 The MSM was ebullient, just delighted when the housing market hit the brakes in the last half of 2022. Fewer buyers, fewer contract and sales.

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Housing Market Marketing Buyers Sellers 40

Appraisal Today

APRIL 26, 2024

What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. What should appraisers look for in a sales contract?

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Appraisal Real Estate Real Estate Agent Contracts 77

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. Boyd: Labor is a real problem and it is creating other problems for builders.

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Supply Chain Construction Inventory Finance 376

Listing Spark

FEBRUARY 9, 2023

We’ll cover each of those and discuss best practices to ensure that you are maximizing your chances of success with your home’s appraisal in 2023. People typically use an appraisal to validate the value of a home or property for real estate transactions between buyers and sellers, or if homeowners are refinancing their mortgage.

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Appraisal Today

JULY 21, 2023

July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. Shortly after, Oatman Architects was brought on for the construction, which wrapped three years later in 2013. I had recently obtained my MBA and got a job with a biotech company managing their real estate.

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Appraisal Real Estate Contracts Business 90

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? per month, $24.75

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Appraisal Real Estate Contracts Design 67

Appraisal Today

APRIL 5, 2024

February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. 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.

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Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

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Real Estate Real Estate Agent Law Inspection 397

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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Mortgage Real Estate Inventory Construction 382

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. In many ways, appraisers forget the purpose of the appraisal assignment – which is to value real estate.

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Appraisal Contracts Mortgage Clients 80

Appraisal Today

JANUARY 19, 2024

Unfortunately, because there has been no organized and concentrated pushback from any real estate appraisal industry sector, the scenario of our opponents, as false as it is, is gaining traction. In addition, real estate appraisals must rid itself of the language and any practices that suggest bias in the appraisal process.

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Appraisal Contracts Real Estate Architecture 74

The Robert Weiler Company

APRIL 5, 2023

The pandemic created a spike in e-commerce sales and the need for data centers, transforming the industrial real estate market both nationally and locally, in Columbus, Ohio. Industrial real estate investors and developers can’t add new properties to the market fast enough. Consider subleasing.

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Landlords Tenants Logistics Real Estate 144

Appraisal Today

AUGUST 18, 2023

The media coverage focuses on real estate agents having difficulty showing homes, etc. 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.

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Appraisal Contracts Inspection Real Estate 75

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Broker-Associates and Appraisal Licensees accounted for 13% and two percent, respectively, while the remaining two percent reported holding other types of real estate licenses.

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Appraisal Training Inspection Real Estate 87

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. At that time, the real estate market was still being wildly affected by the COVID pandemic. Not all non-lender appraisals require a long time marketing to real estate agents.

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Appraisal Design Contracts Inspection 72

Listing Spark

SEPTEMBER 25, 2023

It’s been a wild ride for Texas real estate this year! Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. Here are five of the biggest change in the Texas Real Estate market.

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Real Estate Sellers New Listings Inventory 69

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.

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Appraisal Contracts Architecture Mortgage 77

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.

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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. Chance to really irritate annoying real estate salespeople. percent of total applications from 39.4

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Appraisal Contracts Legal Business 76

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

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Appraisal Real Estate Agent Contracts Real Estate 83

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). This is Ann O’Rourke & Associates, real estate appraisers. What should your voicemail message say? Thanks for calling. ® economics team.

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Appraisal Contracts Business Insurance 66

Appraisal Today

JUNE 9, 2023

Quality refers to the quality of items, materials, and construction. To see the very interesting photos, click here Where pickleball and real estate meet By Ryan Lundquist Excerpts: Pickleball is all the rage, and today I want to talk about how the growth of the sport is becoming much more noticeable in real estate listings.

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Appraisal Advertising Real Estate Contracts 52

Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

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Appraisal Real Estate Contracts Reconsideration of Value 68

Housing Wire

DECEMBER 19, 2022

With construction costs up more than 30% since inflation began to take off at the beginning of the year, there is little room for builders to cut prices,” NAHB chairman Jerry Konter said in a statement. Looking ahead, Dietz recommended that builders plan one year or more out when thinking about land and construction timelines.

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Contracts Construction Buyers Housing Market 399

Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. May 17, 2023) — Mortgage applications decreased 5.7

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Appraisal Business Contracts Real Estate 52

Housing Wire

OCTOBER 18, 2022

And given expectations for ongoing elevated interest rates due to actions by the Federal Reserve, 2023 is forecasted to see additional single-family building declines as the housing contraction continues. The post Homebuilders say housing starts will fall even further in 2023 appeared first on HousingWire.

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Housing Market Buyers Contracts Construction 402

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. percent)* above the January 2023 estimate of 649,000. months , the builders will pause construction. Why so low? percent (±19.9

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