Appraisal Buzz

APRIL 11, 2024

“Today’s housing market faces a persistent trio of challenges,” says Odeta Kushi, deputy chief economist at First American, in a blog post. The mortgage rate lock-in effect, limited inventory of homes for sale, and constrained affordability continue to dampen sales activity and will likely remain headwinds for the remainder of 2024.” “Yet,

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Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? baths, 16,225 sq.ft.,

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Will Springer Realtor

JANUARY 2, 2024

We have turned the page and see signs of hope for an improved year for buyers and sellers – but, consumers may still take a cautious approach amid uncertainty about a possible recession, job security and other potential issues. There are glimmers of hope for 2024 mixed with potentially difficult circumstances.

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Sacramento Appraisal Blog

APRIL 24, 2024

The goal is to give some perspective and advice to sellers […] The post The insurance crisis is affecting the housing market first appeared on Sacramento Appraisal Blog. Today, I want to share some things I’m hearing from the real estate community after asking for feedback on my social channels about home and fire insurance.

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Insurance Housing Market Marketing Sellers 309

Yolo Solano Appraisal Blog

MAY 15, 2024

My goal is to regularly produce local real estate market trend analysis on a monthly basis, focused on my primary markets of Yolo County and Northern Solano County. I’ll have Solano County analysis next week. I’ll also mix in relevant news and articles of interest.

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Marketing Realtors Real Estate Sellers 148

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. 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. Here are some of the big questions to ponder in 2024. by December 2024. by the end of 2024. by the end of 2024.

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Appraisal Today

FEBRUARY 2, 2024

2024 Updated UAD and URAR – What does It Mean for You? The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. What exactly does this mean?

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Appraisal Contracts Training Real Estate 67

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. To read the full letter, click here My comments: USPAP 2024 is effective January 1, 2024. Also, there is no ending date for the 2024 version.

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Housing Wire

OCTOBER 25, 2023

“We can afford to pay top agents more, because those agents are already so profitable, generating high-margin revenues from Redfin-sourced sales,” Kelman wrote in a blog post on the firm’s website. The more top producers we recruit, the more profitable we’ll be.” They’ve got people signing up left and right,” Aleem said. “So,

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Agents Real Estate Tools Investors 367

Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. These requirements are carried forward in the 2024 edition of USPAP. To read more, click here My comments: Be sure to read this blog post. USPAP 2024 is effective January 1, 2024.

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Appraisal Contracts Architecture Mortgage 77

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. in Q1 2024 (previous forecast: 7.0%) 6.2% 1; that’s 2.8%

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Lamacchia Realty

FEBRUARY 21, 2024

SELLERS, HERE'S WHAT TO DO IF A BUYER REQUESTS REPAIRS AFTER INSPECTION Selling your home and moving into a new one can be an exciting life chapter. A common issue that sellers should be prepared for is a buyer requesting repairs after the home inspection. It’s no surprise that the buyer would rather have the seller cover the cost.

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Inspection Sellers Buyers Agents 70

Will Springer Realtor

DECEMBER 5, 2023

Our state is at the forefront of improving a document that each buyer and seller receives near the start of the purchase and sale process, and for the first time, our industry will be required to have a contract with buyers. The agency term of 12 months will be the standard but buyers can agree to any length in writing.

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Law Buyers Sellers Real Estate 62

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. trillion compared to $2.75 trillion in 2021.

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Real Estate Sellers Home Value Inventory 36

Movoto

MAY 8, 2024

million in 2024. million, meaning buyers relying on a mortgage will need either an FHA jumbo loan or a conventional loan. The post Santa Monica Real Estate Market: Current State & Trends for 2024 appeared first on Movoto Blog. And the Santa Monica median home price averaged $1.99

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Real Estate Marketing Logistics Real Estate Agent 36

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Movoto

MAY 15, 2024

Many VA mortgages are assumable, meaning that should you decide to sell your home, a buyer may be able to take over the existing loan, inheriting your advantageous interest rate without needing a new mortgage. This can significantly increase your home’s appeal to potential buyers, especially in rising interest rate environments.

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Housing Wire

MARCH 1, 2023

The Amherst report forecasts that the net issuance of MBS, which includes Fannie Mae , Freddie Mac and Ginnie Mae securities, is projected at $325 billion in 2023 and $375 billion for 2024. trillion by the close of 2024. We would expect a further 27 basis-points widening through June 2024.” trillion and to nearly $9.3

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Marketing Investing Mortgage Investors 363

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. It was and is controversial. Try this this bigger oar.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

JANUARY 10, 2024

It’s highly effective for connecting agents and brokers with local buyer leads. It’s highly effective for connecting agents and brokers with local buyer leads. The platform’s high traffic volume and straightforward CRM make it a top choice for lead generation.

Real Estate 339

Real Estate Real Estate Agent Tools Agents 339

Will Springer Realtor

MARCH 19, 2024

Despite a short session this year, lawmakers in Olympia were successful in passing 14 known pieces of legislation that serve to help home buyers and sellers as well as landlords and tenants. by many insiders, 2024 left some housing advocates feeling mostly empty. Possibly the most notable bill to reach Gov.

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Real Estate Tenants Government Development 48

Movoto

FEBRUARY 23, 2024

To help with this process, we’ve put together some helpful tips in this blog you can use as a moving to another state checklist. Of course, buyers can always request additional accommodations like flooring or paint allowances, so keep this in mind while navigating this process. Organize your documents.

Legal 36

Legal Property Taxes Insurance Landlords 36

Birmingham Appraisal

APRIL 24, 2024

Birmingham Real Estate Market Update: First Quarter 2024 vs 2023 The first quarter of 2024 is now under our belts so this week I’ll be taking a look at how Q1 of 2024 compared to Q1 of 2023. Most believed that going into 2024 we would have seen rate drops before now, however, this has not happened.

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Real Estate Marketing Sellers Buyers 69

Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. To help, we reviewed hundreds of options to put together this list of the best real estate apps for 2024. Think of it as another concierge service to offer your buyers to help you stand out.

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Real Estate Agents Open Houses Tools 354

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. The second development in the case is that on March 22, 2024, the attorneys for Drs.

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Appraisal Contracts Business Construction 77

Appraisal Today

APRIL 26, 2024

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. A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc.

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Appraisal Real Estate Real Estate Agent Contracts 77

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. homes sold in June found a buyer in less than a month. The market has, ahem , evolved in the four years since. on the Eastside.

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Sellers Buyers New Listings Inventory 60

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. over the course of 2024, declining from the 2023 average of 6.9%. baths, 7,455 sq.ft.,

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Appraisal Contracts Mortgage Marketing 68

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Read on blog www.appraisaltoday.com/blog Posted by noon Friday. per month, $24.75

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Tools Appraisal Renovations Design 64

Housing Wire

FEBRUARY 1, 2024

Check out this example: This Placester real estate landing page caters to buyers looking for listings. Also update the alternative description field for all site images, as well as the metadata descriptions of any landing pages and blog posts. Give them a reason to get into your ecosystem before they leave.”

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Real Estate Real Estate Agent Agents Brokerage 421

Appraisal Today

DECEMBER 29, 2023

Functional obsolescence may or may not be caused by trends in buyer or market preferences, outdated design, or even advances in technology. Buyers are likely to see this as a flaw in the floor plan regardless of trends. Buyers are likely to see this as a flaw in the floor plan regardless of trends. 4,000 sq.ft.

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Appraisal Design Business Modernization 77

Housing Wire

DECEMBER 14, 2020

9, in another article for my blog , I made the case that the economic conditions for the AB model had been met. I have been talking about the favorable housing demographics during the years 2020-2024 for a long time. These strong demographics mean we have a healthy number of replacement buyers in America. .” Tuesday, Dec.

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Housing Market Government Marketing Mortgage 545

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. Click to expand any image or graphic from my newsletters and blog posts.) An index score of 100 means that a buyer with a median U.S.

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Buyers Development Construction New Listings 36

Appraisal Today

MARCH 1, 2024

According to the Institute for Luxury Home Marketing’s February 2024 report¹, the single-family luxury home segment is showing promising signs of growth. Even more telling, contract signings for homes priced at $1 million or more have increased by 11 percent over last year, and demand remains high among affluent buyers. Lots of buyers?

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Appraisal Contracts Business Marketing 76

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Inspection Modernization Business 70

Appraisal Today

MARCH 8, 2024

NOTE: Please scroll down to read the other topics in this long blog post on property data collectors, economic analysis, managing your email inbox, unusual homes, mortgage origination stats, etc. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page.

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Appraisal Contracts Real Estate Housing Market 83

Birmingham Appraisal

JANUARY 10, 2024

What About 2024? So now that 2023 is in the rearview mirror what about 2024? With that being said let’s take a look at what factors could drive the Birmingham real estate market in 2024. Some experts claim that rates will drop in 2024 and if this does happen then we can expect sales to increase.

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Real Estate Sellers Appraisal Marketing 77