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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Housing Market Marketing Inventory Sellers 195

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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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.,

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Contracts Appraisal Mortgage Inspection 85

Housing Wire

MARCH 6, 2024

Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected. Finally, HMBS execution has improved somewhat [so far] in 2024.” Home Equity Conversion Mortgage (HECM) endorsements fell 11.8%

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Mortgage Marketing Insurance Sellers 356

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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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. So, what do you, as a seller, do in this scenario?

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Inspection Sellers Buyers Agents 70

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. The only problem, nobody wanted a 7.5%

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Real Estate Sellers Home Value Inventory 36

Movoto

MAY 8, 2024

million in 2024. Because of the relatively low inventory in the region, it’s usually easy for most home sellers to find a buyer for their home in roughly 30 days for the asking price, based on data from sources aggregated from our site and around the web. And the Santa Monica median home price averaged $1.99

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Real Estate Marketing Logistics Real Estate Agent 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

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

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Real Estate Real Estate Agent Tools Agents 339

Will Springer Realtor

FEBRUARY 13, 2024

People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking. Seller reluctance has led to a continued decline in year-over-year inventory levels,” notes Mason Virant, associate director of the Washington Center for Real Estate Research at the University of Washington. Another $1.1B

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Movoto

MAY 15, 2024

This document verifies your financial standing and strengthens your offer to real estate agents and sellers. Your realtor will submit your offer, which may be accepted, countered, or rejected by the seller. The post Veteran Mortgage Loans: Steps For Eligibility and Securing the Best Rates in 2024 appeared first on Movoto Blog.

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Mortgage Real Estate Agent Lending Real Estate 36

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

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

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Housing Wire

NOVEMBER 2, 2023

Using analytics, it identifies potential sellers and prompts them to explore their home’s value on HousingNow.com, where leads must provide information to view listings. zBuyer stands out as a real estate lead generation service because of its unique approach, targeting potential home sellers interested in cash offers.

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Real Estate Real Estate Agent Tools Agents 362

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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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

Genworth MI Blog

FEBRUARY 29, 2024

Property value impacts not only the seller, but the borrower too after all. Accuracy is key, as property value is at stake for sellers and borrowers alike! series session on March 4 th , 2024 at 12PM EST. You won’t want to miss it! Never miss a post by subscribing to the Enact MI Blog! Register today! Subscribe now!

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Appraisal Inspection Training Real Estate 88

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

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. Vetted by HousingWire | Our editors independently review the products we recommend.

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Real Estate Agents Open Houses Tools 354

Birmingham Appraisal

JANUARY 10, 2024

5) Sale Price Negotiation: Sellers in Shelby County experienced a positive shift in negotiations. The rise in the sale price to list price ratio suggests a favorable environment for sellers and the notable increase in cash sales points towards changing financing dynamics within the market. What About 2024?

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Real Estate Sellers Appraisal Marketing 77

Lamacchia Realty

MARCH 26, 2024

Source Inventory rises when more sellers are listing than buyers are buying. Since June of 2023, the time has risen from 28 days to 45 days in February of 2024. When there are market changes it often takes sellers time to first realize it and then be willing to accept it.

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Bracketing HOA Sellers Buyers 60

Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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Appraisal Construction Contracts Architecture 78

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. They take effect on Jan.

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Law Buyers Sellers Real Estate 62

Will Springer Realtor

MAY 7, 2024

That can leave the sellers on the hook for a large capital gains tax on the sale. Consider Tax Changes for 2024 Tax Year – If you’re planning to sell your home, consider tax changes initiated for tax year 2024. If they have some capital losses pending, these might offset the gains if they took the losses in the same year.

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Birmingham Appraisal

FEBRUARY 6, 2024

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. This information can be used to advise sellers on how to price in this situation.

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Inventory Real Estate Sellers Buyers 76

Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. When a property goes under contract, that is an excellent sign of what the buyer and seller conclude the property is worth. baths, 5,550 sq.ft.,

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Appraisal Contracts Real Estate Architecture 74

Will Springer Realtor

APRIL 9, 2024

However, we are missing the typical boost of sellers. Sellers are wisely taking advantage of a market with limited competition, as many households sit on low-interest mortgages from the thick of the pandemic. Mortgage rates continue to be the focus of both sellers and buyers, waiting for something to give. in Snohomish, 4.6%

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Marketing Inventory Buyers Sellers 60

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve played the role of Santa Claus and delivered an unexpected present just before Christmas in the form of a forecast for lower interest rates in 2024. YoY, as sellers accepted prices at an average of 96.6% YoY, with sellers accepting 96.7% and a median forecast drop of 75 points (0.75%) in 2024.

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Housing Market Marketing Inventory Lending 61

Will Springer Realtor

APRIL 30, 2024

There is another enhancement that many sellers may not consider: the addition of smart-home technology. The smart-home market is surging, with an annual global growth rate of 16% to a forecast of more than $260B in 2024 – and more than double that sum by 2030. The benefits to both current and future homeowners are innumerable.

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Technology Sellers Construction Buyers 48

Appraisal Today

DECEMBER 22, 2023

Example #1: Superadequate custom fireplace Example #2: Superadequate 12-car garage To read more, Click Here My comments: Although the blog post references luxury homes, this can occur anywhere. In dramatic contrast, my 4 year California Certified General $1,030 license renewal is June 23, 2024 ($275.50 Hopefully will not pass!

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Appraisal Business Contracts Real Estate 76

Birmingham Appraisal

FEBRUARY 13, 2024

It’s important to consider all of these stats together rather than as single stats because they all work together to help us understand buyer and seller behavior. Shelby County has seen similar trends in 2023 and 2024 which is not a surprise given that they are both in the same general market area.

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Real Estate Buyers Inventory Agents 59

Appraisal Today

FEBRUARY 9, 2024

NOTE: Please scroll down to read the other topics in this long blog post on E&O and state boards, bias, 32% sales are new homes, 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 Insurance Construction 81

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. Many economists believe a recession isn’t likely in the last months of this year but they aren’t ruling out a downturn in 2024 and 2025. by the end of 2024.

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