Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. A1: Back Half of 2024? – My wild guess is that rate cuts will be in the back half of 2024. Not in March. Not in June.

Appraisal 81

Appraisal Contracts Real Estate Housing Market 81

Housing Wire

MARCH 28, 2024

Hopeful their initial offer might be accepted or that they might beat out other potential buyers. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” The title industry has finally put the foundation in place for a modernized workflow.

HOA 467

HOA Property Management Real Estate Agent Technology 467

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? The Best Time!! =

Contracts 84

Contracts Appraisal Mortgage Inspection 84

Housing Wire

NOVEMBER 16, 2023

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. Advertising on Zillow can put your brand in front of millions of potential buyers and sellers.

Real Estate 420

Real Estate Marketing Real Estate Agent Tools 420

Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. The title industry has finally put the foundation in place for a modernized workflow. in question.

HOA 451

HOA Real Estate Agent Technology Real Estate 451

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.39

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. Sometimes buyers like them and sometimes not. Many people don’t like them. per month, $24.75

Appraisal 79

Appraisal Contracts Training Architecture 79

Listing Spark

MARCH 12, 2024

The majority of buyers use the internet to look for homes, and 51% of buyers actually found the home they ended up buying online. The first four steps cover everything that happens before you list your home and start hearing from interested buyers. Then buyers and agents can coordinate directly with you based on your listing.

Buyers 36

Buyers Agents Tools Contracts 36

Appraisal Today

FEBRUARY 9, 2024

you are a paid subscriber and did not get the February 2024 issue emailed on Thursday, February 1, 2024, please email info@appraisaltoday.com , and we will send it to you!! That has made it hard for some individual sellers of existing homes to compete for buyers. February 7, 2024) — Mortgage applications increased 3.7

Appraisal 79

Appraisal Contracts Insurance Construction 79

Appraisal Today

SEPTEMBER 8, 2023

Still, a revival in purchase originations is anticipated in 2024 as the market adjusts and more homes become available. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+ The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.03

Appraisal 79

Appraisal Contracts Business Construction 79

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

OCTOBER 11, 2023

It would cost the owner of an $800,000 home in Seattle about $360 in 2024, or more than triple the expiring housing levy of $115. Bellevue has the second-greatest need, according to council forecasts, with a shortfall of 35,000 to make up by 2024. Check out this fully updated mid-century modern West of Market home in Kirkland.

Law 36

Law Development Design Government 36

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

MAY 9, 2022

Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

Mark Zandi, chief economist at Moody’s Analytics, is far more bearish, predicting prices will fall about 10% nationally over the next 12-18 months if the country avoids a recession (which is unlikely) and drop roughly 20% by 2024 if the U.S. The next 12-24 months are likely going to be quite a challenge for prospective buyers.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

Real Estate 36

Real Estate Inventory Buyers Construction 36

Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Lenders See Considerable Value in Appraisal Modernization. Hopefully, there will be a new online “form” for all GSE appraisal reports in 2024.

Construction 52

Construction Appraisal Modernization Contracts 52

Will Springer Realtor

NOVEMBER 10, 2023

Knowingly or not, associations can discriminate against potential home buyers by enforcing a community’s established rules that have the potential to limit people of certain classifications from purchasing a property. It’s working well for both builders and buyers. Buyers must qualify for the mortgage at the highest rate in the offer.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JUNE 9, 2023

Even the doubling of interest rates in less than a year did not dissuade some buyers in need of a home. Filings include default notices, scheduled auctions and bank repossessions. >> Nearly half (47%) of all prospective buyers said they would buy a home in the current housing market because they are tired of renting and rent increases.

Buyers 36

Buyers Transportation Housing Market Law 36

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. I strongly support Byron Miller for 2024 AI Vice President. Quite a change from past presidents!!

Appraisal 52

Appraisal Contracts Architecture Law 52