Appraisal Buzz
NOVEMBER 19, 2024
The American Dream has long been synonymous with homeownership. However, for many low- and moderate-income families, realizing this dream is becoming increasingly out of reach. This is due to several factors, including rising housing costs, stagnant wages, and a decline in the availability of small-dollar mortgages, defined as those for homes priced at $150,000 or below.
Housing Wire
NOVEMBER 21, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. First impressions matter, especially when it comes to your listing’s exterior. Curb appeal sets the tone for potential buyers before they even step inside, shaping how welcoming and well-maintained a property feels.
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GoForrmz
NOVEMBER 21, 2024
Leveraging digital tools to streamline construction projects and minimize delays Anyone in the construction industry knows that delays can be costly. Every setback chips away at profit margins and timelines, whether due to unexpected weather, supply chain issues, or miscommunication among teams. However, one solution is transforming the way construction projects are managed: real-time data capture.
Inman
NOVEMBER 18, 2024
Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.
Advertiser: Trellis
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Appraisal Buzz
NOVEMBER 21, 2024
A new poll of 1,000 adults by the Amherst Group has found that four out of five Americans (81%) would live in a modular home, as nearly all surveyed (90%) found something appealing about those homes, and more than 70% interested in seeing more alternative types of housing in their neighborhood. For the study, Amherst Group defines “modular housing” as traditional homes precision-built offsite and placed on a permanent foundation.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
GoForrmz
NOVEMBER 18, 2024
It’s time to simplify your construction workflows Efficiency and clear communication between the field and office are essential for successful construction companies. Construction teams face unique challenges, from staying updated on job site progress to adhering to construction safety protocols, all of which demand seamless workflows and reliable data sharing.
Eppraisal
NOVEMBER 22, 2024
Water damage in homes can be a major problem for homeowners. Fortunately, new technologies are changing how experts deal with removing water and drying out homes. Today, they use special tools to find moisture hidden inside walls and floors. They also have advanced drying machines that remove water and dampness from homes much faster than before. Computerized systems help the experts plan and manage the whole water removal process.
Appraisal Buzz
NOVEMBER 22, 2024
Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023.
Housing Wire
NOVEMBER 22, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. The real estate market is constantly shifting, and today’s market calls for agents to return to the more tried-and-true marketing strategies. While the post-COVID market saw homes selling at record speeds, recent changes have shown us the importance of foundational tactics for success.
Speaker: Dylan Secrest
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Will Springer Realtor
NOVEMBER 19, 2024
Real estate is evolving rapidly, with technology driving new efficiencies and experiences across the industry. Since the pandemic, Realtors® and other industry professionals have adapted to emerging tech tools, enhancing clients’ home-buying and -selling journey in ways that also help them stay ahead of the competition. The consumer experience is also evolving, with a greater reliance on technology for exploring, evaluating and ultimately deciding on their next steps.
Eyes on Housing
NOVEMBER 21, 2024
In another sign of America’s ongoing housing affordability crisis, the National Association of Home Builders /Wells Fargo Cost of Housing Index (CHI) found that in the third quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of their income to cover the mortgage payment on a median-priced new home. Low-income.
Appraisal Buzz
NOVEMBER 21, 2024
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 percent compared from a year ago. Compared to September 2024, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns. “New home purchase activity picked up in October even as stronger economic data and election uncertainty pushed mortgage rates higher over the course of the month,” sa
Housing Wire
NOVEMBER 20, 2024
In today’s economy, mortgage rates and housing expenses have consistently risen. As a result, older citizens are tapping into their retirement savings to cover costs—if they have it. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Empire Appraisal Group
NOVEMBER 21, 2024
15 housing markets with the highest home price correction risk, according to Parcl Labs The most notable thing is that 13 of the 15 housing markets Parcl Labs labeled as “at risk” are in Florida. Lance Lambert Source: [link] Parcl Labs published a list of the 15 housing markets at the highest risk of home price correction that we should watch during the fall and winter months.
Sacramento Appraisal Blog
NOVEMBER 19, 2024
The internet has been buzzing this week about Governor Newsom’s new $9.1M home purchase, so let’s talk about it. But I want to be clear that this is about real estate – not politics. Also, I think modest price growth is a really good way to describe the market. UPCOMING SPEAKING GIGS: 11/20/24 Delia Real […] The post Modest price growth & the Governor’s outlier properties first appeared on Sacramento Appraisal Blog.
Appraisal Buzz
NOVEMBER 18, 2024
As a founder / CEO, I’ve seen my fair share of market cycles. Today, I want to dive deep into the current rental market environment, share some personal insights, and most importantly, discuss how we can address these challenges head-on. A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia.
Housing Wire
NOVEMBER 22, 2024
As the U.S. housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% year over year in Q3 2024, representing a small change after four years of fluctuations.
Eyes on Housing
NOVEMBER 19, 2024
Year-over-year gains for townhouse construction continued during the third quarter of 2024 as demand for medium-density housing continues to be solid despite slowing for other sectors of the building industry. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2024, single-family attached starts.
Lamacchia Realty
NOVEMBER 21, 2024
Lamacchia Realty's Acquisition of Stone Ridge Properties Mentioned in Recent RISMedia Article November 19, 2024 – Lamacchia Realty’s recent acquisition of Stone Ridge Properties, located in Amesbury and Newburyport, Massachusetts , was highlighted in a new article by RISMedia. The article discusses Stone Ridge’s history of success and its expertise in luxury sales.
Appraisal Buzz
NOVEMBER 18, 2024
The Federal Housing Finance Agency (FHFA) has announced greater rental housing support from Fannie Mae and Freddie Mac (the GSEs) by raising the multifamily loan purchase cap for each GSE to $73 billion, representing $146 billion in total 2025 multifamily market support and a more than 4% increase from 2024. The FHFA establishes the caps every year, and they are later included in Appendix A of the GSEs’ Conservatorship Scorecard , a set of annual priorities that they are expected to meet.
Housing Wire
NOVEMBER 21, 2024
In the newest episode of the “Real Estate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a real estate broker, trainer and veteran agent at Keller Williams Capital Properties. Held live from the National Association of Realtors ‘ (NAR) NXT Conference in Boston, the conversation covers broker leadership tips, the value of designations and certifications, and educational resources for real estate agents.
Eyes on Housing
NOVEMBER 19, 2024
Housing starts edged lower last month as average monthly mortgage rates increased a quarter-point from 6.18% to 6.43% between September and October, according to Freddie Mac. Overall housing starts decreased 3.1% in October to a seasonally adjusted annual rate of 1.31 million units, according to a report from the U.S. Department of Housing and Urban.
Lamacchia Realty
NOVEMBER 16, 2024
Short-Sale Homes For Sale in Berlin MA Price Beds Baths Save Search No Results Found. See All Results Find a Real Estate Agent in Berlin, MA Visit our agents page REal Estate for sale by state Massachusetts Real Estate New Hampshire Real Estate Rhode Island Real Estate Main Real Estate Connecticut Real Estate Florida Real Estate Menu Massachusetts Real Estate New Hampshire Real Estate Rhode Island Real Estate Main Real Estate Connecticut Real Estate Florida Real Estate MA REal Estate for sale Bo
Appraisal Buzz
NOVEMBER 21, 2024
Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Even more (17.5%) say a concern for safety/crime is prompting them to move. That’s according to a Redfin-commissioned survey conducted by Ipsos in September 2024.
Housing Wire
NOVEMBER 22, 2024
In recent years, renting has become increasingly expensive , particularly since the onset of the COVID-19 pandemic. While national rent growth has cooled compared to the double-digit surges of recent years, it remains consistent with pre-pandemic levels. In November 2023, CoreLogic reported a 2.7% annualized increase in U.S. single-family rents. But the narrative is more complex in niche markets like the Texas capital of Austin.
Eyes on Housing
NOVEMBER 21, 2024
Existing home sales in October rebounded from a 14-year low and posted the first annual increase in more than three years, as buyers took advantage when mortgage rates briefly reached a 2-year low in late September, according to the National Association of Realtors (NAR). While elevated home prices persist due to the lock-in effect, we.
Lamacchia Realty
NOVEMBER 16, 2024
Berlin MA Real Estate Price Beds Baths Save Search New Listing - yesterday 1 / 37 $609,000 Single Family Residence For Sale Active 4 BEDS 3 TOTAL BATHS 3,034 SQFT 9 Anton Lane Berlin, CT 06037 Listing courtesy of Maria Latina of Coldwell Banker Realty New Listing - yesterday 1 / 26 $199,000 Single Family Residence For Sale Active 3 BEDS 1.75 TOTAL BATHS 1,332 SQFT 614 Cheshire Street Berlin, NH 03570 Listing courtesy of John Trumbull of Trumbull & Associates, Inc New Listing - yesterday
Appraisal Buzz
NOVEMBER 21, 2024
Mortgage rates continued to rise this week, with the average rate for a 30-year, fixed-rate mortgage increasing to 6.84%, up from 6.78% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.29%. “Mortgage rates ticked back up this week, continuing to approach 7 percent,” says Sam Khater, chief economist for Freddie Mac, in a statement.
Housing Wire
NOVEMBER 22, 2024
As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. Fix-and-flip lender Kiavi , in partnership with John Burns Research and Consulting , released its Q3 2024 fix-and-flip market report this week.
Eyes on Housing
NOVEMBER 21, 2024
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates relatively flat conditions for custom home builders after a period slight softening of market share due to declining mortgage interest rates. However, post-election stock market gains should support custom building at the end of 2024 and going into 2025.
Lamacchia Realty
NOVEMBER 21, 2024
Victoria Standring of the Berkshires Joins Lamacchia Realty November 21 st , 2024 – With excitement, Lamacchia Realty announces that Victoria Standring has joined Lamacchia Realty’s Dalton office. With over two decades of experience, Victoria has been an expert local REALTOR® in the Berks hires. Her experience in the region helping her clients buy and sell everything from lakefront retreats to historic homes is due to her commitment to delivering exceptional service and building lasting relatio
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