Sacramento Appraisal Blog

MARCH 5, 2024

A property in the Sacramento area had a whopping 147 offers as reported by the listing agent. This is a freakishly high number of offers, and I think there are some interesting layers here to talk about. Any thoughts? UPCOMING SPEAKING GIGS: 3/8/24 Redfin (private) 3/11/24 Yolo Association of Realtors (YAR only) 3/19/24 WCR Gold […] The post When a property gets 147 offers first appeared on Sacramento Appraisal Blog.

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Realtors Agents Appraisal Housing Market 358

Sacramento Appraisal Blog

FEBRUARY 29, 2024

I’ve been asked this question twice this week. Is it a problem to remove the tubs from each bathroom? People planning a remodel asked if it was a big deal or not to only have a walk-in shower in each bathroom. Here are my thoughts, and I really want to hear from you too. Anything […] The post Is it a problem to remove all bathtubs in a house?

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Appraisal Market Value Real Estate Marketing 401

Sacramento Appraisal Blog

FEBRUARY 20, 2024

Today my blog turns 15 years old. And blog years are sort of like dog years, so my blog is basically super old and wearing Depends now. Anyway, today I want to share some things I’ve learned along the way about content and life. And I know it sounds cheesy, but the best thing to […] The post Things I’ve learned after 15 years of blogging first appeared on Sacramento Appraisal Blog.

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Appraisal Housing Market Real Estate Marketing 378

Sacramento Appraisal Blog

FEBRUARY 14, 2024

Pulling comps in 2024 is tough. Think about it this way. If we have 40% fewer sales happening, that means there are 40% fewer comps. Yikes. Let’s talk about this. I also have some market recap visuals to unpack what’s been happening in 2024 so far. UPCOMING SPEAKING GIGS: 2/19/24 Matt the Mortgage Guy YouTube […] The post The challenge of pulling comps in 2024 first appeared on Sacramento Appraisal Blog.

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Appraisal Marketing Mortgage New Listings 309

Sacramento Appraisal Blog

FEBRUARY 6, 2024

Look, assumable loans are basically eye candy in real estate because they’re so rare, but they’re actually starting to happen more. So, let’s talk about it. This post won’t go into details about requirements or how the process works, but I want to highlight this tiny but growing trend in the Sacramento region. UPCOMING SPEAKING […] The post The tiny but growing trend of assuming the loan first appeared on Sacramento Appraisal Blog.

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Real Estate Appraisal Housing Market Marketing 312

Sacramento Appraisal Blog

JANUARY 30, 2024

Frozen. Stuck in place. Not moving. That pretty much describes sellers. But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. I’ll explain what I mean below, and I suspect many markets around the country are experiencing a similar trend. Any thoughts? UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out?

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Sellers Appraisal Marketing New Listings 364

Sacramento Appraisal Blog

JANUARY 23, 2024

The housing market has 80s vibes. The 90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. Today, I want to show some headlines from over forty years ago, and I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on […] The post The housing market has 80s vibes first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Appraisal 409

Sacramento Appraisal Blog

JANUARY 17, 2024

The spring market is awake. Today I want to talk about some trends I’m seeing, debunk a myth, and share some super random stats involving pickleball, Starbucks, and other stuff (sorry). Haha. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Appraisal New Listings 306

Sacramento Appraisal Blog

JANUARY 11, 2024

Last year was a strange time in housing. On paper, it looked like home prices should have tanked in 2023 since we had some of the worst sales volume ever. Yet, prices didn’t dip that much. Today, let’s talk about what happened in a big recap. I hope you get something out of this. Any […] The post It was a weird housing market in 2023 first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Appraisal 310

Sacramento Appraisal Blog

JANUARY 4, 2024

What’s the housing market going to do in 2024? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.

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Real Estate Housing Market Appraisal Marketing 325

Sacramento Appraisal Blog

DECEMBER 13, 2023

The housing market pretty much sucked this year for so many real estate professionals. Look, it’s easy to feel like God’s gift to real estate when business is flying off the shelves, but it’s tough when the transaction faucet gets turned off. The truth is everyone feels like an expert when things are good, but […] The post The housing market sucks, but experts can thrive first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Real Estate Appraisal 376

Sacramento Appraisal Blog

DECEMBER 4, 2023

Wall Street has invaded Main Street. It’s truly stunning to see that a company like Invitation Homes owns over 9,000 units in California. Today, I want to debut an interactive map I made to show where these homes are located. UPCOMING (PUBLIC) SPEAKING GIGS: 12/08/23 Free Q&A event for appraisers only (on private work) […] The post This one company owns 9,000+ homes in California (interactive map) first appeared on Sacramento Appraisal Blog.

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Appraisal Investing Marketing 532

Sacramento Appraisal Blog

NOVEMBER 28, 2023

It can be a REALLY bad idea to pull comps from the other side of the freeway, but not always. Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. UPCOMING (PUBLIC) SPEAKING GIGS: 11/30/23 Safe CU “Preparing for a Successful New Year” 12/08/23 Free […] The post Pulling comps from the other side of the freeway first appeared on Sacramento Appraisal Blog.

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Appraisal Law Real Estate Marketing 308

Sacramento Appraisal Blog

NOVEMBER 21, 2023

It’s time to run toward the housing market. Today, I have some quick thoughts of encouragement for the real estate community as we look to 2024. I know it’s a holiday week, but I really want to share this message. And I have some cool stats too. Scroll quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING […] The post Run toward the housing market in 2024 first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Real Estate Appraisal 307

Sacramento Appraisal Blog

NOVEMBER 15, 2023

The housing market feels like leftovers right now. It’s that time of year where we see less new listings due to sellers hibernating for the holidays, and some of the existing inventory just feels as stale as Aunt Tina’s green bean casserole that nobody wants to see during Thanksgiving. Wait, did I say that out […] The post The housing market feels like leftovers first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing New Listings Inventory 322

Sacramento Appraisal Blog

NOVEMBER 8, 2023

What’s going to happen to the housing market with a presidential election year coming? There are so many ideas. I’ve heard stuff like, “Rates usually go down during a presidential year,” or “The market is likely going to be stronger because one party is trying to stay in power.” But are these things really true? […] The post The housing market during a presidential election year first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing Appraisal Mortgage 310

Sacramento Appraisal Blog

NOVEMBER 1, 2023

Pricing low on purpose can be a triggering issue. I know both buyers and agents can get extremely frustrated to have to enter a bidding war. And let’s not even talk about auction platforms. But pricing low is pretty much the norm in the Bay Area. People have always told me that, and I finally […] The post Pricing low on purpose: Bay Area vs Sacramento first appeared on Sacramento Appraisal Blog.

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Agents Buyers Appraisal Housing Market 361

Sacramento Appraisal Blog

OCTOBER 26, 2023

You will either love it or hate it. This owner transformed a tract home built in 2002 into something with serious Midtown modern vibes. When I saw this house, I knew I wanted to write about it, and I think there are some great conversation nuggets. How do we value something when it has really […] The post Making a modern home from a tract home first appeared on Sacramento Appraisal Blog.

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Modernization Appraisal Appraisal Tips 339

Sacramento Appraisal Blog

OCTOBER 18, 2023

It feels like a gut-punch to housing demand to have 8% rates. So many predictions said we’d be at 6% or below by now, yet here we are. I think it’s really important to stay grounded and realistic, so let’s talk about this. I also have some market recap visuals (and a few insane graphs). […] The post A Gut Punch to Housing Demand (8% Rates) first appeared on Sacramento Appraisal Blog.

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Appraisal Marketing Real Estate Mortgage 333

Sacramento Appraisal Blog

OCTOBER 9, 2023

Are we finally starting to see more listings? Yes and no. Today I want to talk about a change we’re seeing with listings both nationally and locally. This is a really important topic, and some of it feels a bit technical because it’s about understanding new listings vs active listings. Anyway, let’s be on the […] The post Are we finally starting to see more listings?

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New Listings Real Estate Appraisal Housing Market 299

Sacramento Appraisal Blog

OCTOBER 4, 2023

Ten times more housing supply!!! That’s what 2007 had compared to right now. Today I want to share a stunning supply visual for Sacramento, and talk briefly about what’s happening with sellers and prices. Enjoy if you wish. UPCOMING (PUBLIC) SPEAKING GIGS: 10/4/23 KW Sac Metro Big Market Update (register here) 10/6/23 How to Think […] The post 2007 had ten times more housing supply than today first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Sellers Appraisal Marketing 306

Sacramento Appraisal Blog

SEPTEMBER 27, 2023

Travis Kelce, Taylor Swift, and mortgage rates. So much drama this week. Let’s talk about it. Today I have some thoughts about believing the Fed, Chuck Norris, and building a bigger network. This post is all over the place, but hopefully something resonates. UPCOMING (PUBLIC) SPEAKING GIGS: 9/28/23 Yuba City Big Market Update (in Yuba […] The post Chuck Norris eats 8% rates for breakfast first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Appraisal Mortgage Marketing 283

Sacramento Appraisal Blog

SEPTEMBER 19, 2023

There is some serious pent-up demand building. The number of sellers who have not listed their homes this year is really starting to add up – not to mention a growing pile of buyers. And speaking of building, new construction has been glowing this year. Let’s talk about it. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale […] The post Pent-up demand & glowing new construction first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Construction Real Estate Sellers Buyers 363

Sacramento Appraisal Blog

SEPTEMBER 12, 2023

Is it 2007 again? There’s so much talk online about today’s housing market being like 2007, but what are the stats showing? Today I want to walk through three parts of the market. I suspect many locations are experiencing the same trend as Sacramento too. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: […] The post Is it 2007 again in the housing market?

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Housing Market Marketing Real Estate Appraisal 307

Sacramento Appraisal Blog

SEPTEMBER 7, 2023

There are more cash buyers right now. Bottom line. Well, technically. Today let’s unpack the housing market’s cash trend, some myths, and things to watch ahead. This post is designed to scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale MLS Meeting 9/28/23 Yuba City Big Market Update (in Yuba City (details […] The post More cash buyers in today’s housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Buyers Marketing Design 345

Sacramento Appraisal Blog

AUGUST 29, 2023

Assumable loans are eye candy in today’s housing market. The idea of taking over somebody’s 2.5% loan sounds amazing, right? It’s technically possible on paper for some loan types, but it’s challenging to pull off in the real world. Yet, if mortgage rates remain high, this is something we’re likely going to hear more about, […] The post The eye-candy of assuming a loan first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Housing Market Appraisal Marketing 297

Sacramento Appraisal Blog

AUGUST 23, 2023

Rates have gone up, but have they sucked all the demand out of the market? Nope. Let’s talk about that today by looking at a few stats. Also, someone asked if the stock market is connected to the housing market, so l made a cool graph. I have a few thoughts on insurance in California […] The post Higher rates, insurance, & the stock market vs real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Insurance Marketing Housing Market 244

Sacramento Appraisal Blog

AUGUST 16, 2023

Weird. That’s a good way to describe today’s housing market. On one hand prices are still pretty high, but volume has fallen off a cliff. This week I was talking with a broker who has been in business since the 1970s, and he told me he’s never seen a market like today. Exactly. This is […] The post A Weird Housing Market: High Prices & Depressed Volume first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Marketing Real Estate Appraisal 264

Sacramento Appraisal Blog

AUGUST 9, 2023

New construction has been on fire, but the resale market has been cold. It’s been stunning to see the difference in volume between both markets. Let’s talk about the trend and look deeply into what’s going on with concessions. Scroll quickly by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 8/18/23 Market & Mimosas (register […] The post A hot & cold housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Marketing Construction Real Estate 273

Sacramento Appraisal Blog

AUGUST 2, 2023

Sellers have been sitting, and it’s been a game-changer for the housing market in 2023. It’s also made valuations more difficult. Today I want to share some stats and talk about appraising in today’s market. Scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 8/18/23 Details TBD 8/29/23 Elk Grove Regional MLS Meeting 10/23 […] The post Dear sellers, the housing market misses you first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Sellers Housing Market Marketing Valuation 266

Sacramento Appraisal Blog

JULY 26, 2023

It’s either hot or cold. A bidding war or crickets. That’s what I’ve been hearing from real estate agents about their listings. Today I want to talk briefly about the word on the street, hot pockets, and I have some really cool stats to share. Skim quickly or digest slowly by topic. UPCOMING (PUBLIC) SPEAKING […] The post It’s either a bidding war or crickets first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Agent Real Estate Appraisal Agents 324

Sacramento Appraisal Blog

JULY 18, 2023

The weather has been scorching in so many areas across the country. I don’t know about you, but I’ve been thinking about water, lakes, and air conditioning quite a bit this week. Anyway, today I have some pool stats that I’m excited to share. I also want to show you the DIY “pool” I built […] The post The value of a pool in real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Appraisal Marketing 328

Sacramento Appraisal Blog

JULY 13, 2023

The housing market has likely peaked for the year. Today I’d like to show some ways I’m seeing this in the stats. I’m focused on Sacramento, but this is likely showing up in many markets. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/23 SAR Market Update (in-person & livestream) 7/26/23 Fair Mortgage (details TBD) […] The post Did the housing market peak for the year?

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Housing Market Marketing Real Estate Appraisal 252

Sacramento Appraisal Blog

JUNE 28, 2023

Let’s talk about housing doom. Particularly, I want to get into the viral idea about the demise of the Airbnb market. But first, I have a few visuals to kick off hot graph summer (sorry). I’d love to hear your take in the comments. A meme I shared this week as I talked about the […] The post Hot graph summer & Airbnb doom first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Appraisal Marketing Housing Market 342

Sacramento Appraisal Blog

JUNE 22, 2023

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 6/30/23 Halftime report with Ben Johnston 10am (Zoom) […] The post A new home rebound & avocado toast first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Construction Housing Market Real Estate Appraisal 295

Sacramento Appraisal Blog

JUNE 11, 2023

It’s been a stunning first half of the year for the housing market. Let’s talk about some of the bigger issues right now. Here are some things on my mind including weird stats, the anniversary of the market peak, Matt Rife tickets, and being ready for the second half of the year. I hope you […] The post A stunning first half of the year for the housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Marketing Real Estate Appraisal 310

Sacramento Appraisal Blog

JUNE 5, 2023

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. I also have an interview with a friend who built a pickleball court in his backyard. For the record, I actually don’t play (yet), but a friend is […] The post That place where pickleball and real estate meet first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Appraisal Housing Market Marketing 282