Housing Wire

JULY 2, 2023

Since May 15, that trend has continued to the point that inventory in America is now negative year over year. Then in a short amount time, we had the biggest and fastest mortgage rate spike in history, which facilitated the biggest one-year crash in home sales in history, which helped inventory grow faster than normal in 2022.

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Housing Wire

MARCH 19, 2023

As I write this article, I see news that even Warren Buffet has been asked to chime in on how to deal with this crisis. So, we can now add a new variable into the equation for 2023: What does a banking crisis mean for mortgage rates? The housing market was crazy again last week. The economic data was OK last week.

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Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The pandemic, as well as policymakers, continue to have the ability to send shocks through the system.

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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. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

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Housing Wire

JANUARY 2, 2023

I want to focus on these three data lines because they will give us a glimpse into the future, so we don’t have to wait for the existing home sales data, which can be old if the market turns. The Altos Research weekly inventory data looks ahead before the sales report inventory data. Purchase application data.

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Housing Wire

JANUARY 5, 2023

So where does all that drama leave us for 2023? Home price s. I wrote then: “I am looking for total home-price growth to be between 5.2% I wrote then: “I am looking for total home-price growth to be between 5.2% That price forecast will be incorrect, as home prices will likely end up between 6.8% for 2022.

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Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% million in November. Yes, to a degree.

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Housing Market Marketing Inventory Realtors 458

Housing Wire

JUNE 18, 2023

Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness. This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. The recent growth broke that streak, but demand is still low.

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Appraisal Today

JULY 21, 2023

The value of a pool for Homes? July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. Homes in different locations and price points tend to have different amenities, and that includes pools. Where I live, very few homes have pools. That’s what we always hear.

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Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. As a result, we expect the Q4 2022 GDP print to be a temporary positive blip, and for 2023 headline growth to be negative 0.5

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Housing Wire

DECEMBER 30, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. For fix-and-flip investors, 2023 promises to be a very challenging year. The event is exclusively for HW+ members , and you can go here to register.

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Appraisal Today

APRIL 5, 2024

To read more, Click Here My comments: The article also discusses bias. My office and home garage are filled up with paper files! We’ve all also heard ad nauseum that USPAP is a minimum standard. Still, all too many appraisers seek only to meet that minimum standard and little more. That’s where the trouble begins.

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Appraisal Today

JULY 7, 2023

Plaintiffs cannot transform allegations of incompetence or a breach of appraisal industry standards into racial discrimination by baldly alleging that Mr. Lanham believed that Plaintiffs did not belong in their neighborhood and that their home was worth less than other homes because of their race. Tate-Austin v. Connolly & Mott v.

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Survey respondents Sales agents accounted for the largest proportion, with 45% of participants holding this license. Here are a few of the many survey results. Not very positive.

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Appraisal Today

APRIL 7, 2023

Very good tips in the article. NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market. . == Amazing Guitar-Shaped House in Georgia Currently off market.

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Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. Many similar properties exist, but they are spread across a wide area. I was given a lockbox combination and inspected the vacant home. A basic Q4, C3 home. This approximately 900sf, 1.5

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Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. I don’t believe any of us want 2023 to start off with new fresh all-time lows in inventory. Houston, we have a problem.

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Inventory Mortgage Housing Market Marketing 538

Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. Note: it can be “dense” with very long paragraphs.

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Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. In theory, the sales levels are lower than the data will show. What is going on here?

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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. I suspect that a company based in Boston, MA sees lots of historic homes! Worth reading.

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Appraisal Today

OCTOBER 6, 2023

The ASB will continue to review USPAP for changes when necessary but will shift much of its focus to providing more guidance to the marketplace. 2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats.

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Appraisal Today

JANUARY 26, 2024

Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier. To read these new Q&As Click Here. I am glad the ASB is explaining them.

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Appraisal Today

NOVEMBER 10, 2023

Don’t think like a salesperson – avoid words that may be common in Multiple Listing Service (MLS) and used to help sell a home. To read more, click here My comments: Read this article! To read more, click here My comments: Read this article! Stick to the facts. Not just a list of words and phrases. He knows what you want.

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Appraisal Today

JANUARY 4, 2023

Appraisers Share Their Top Professional Goals for 2023. What are you planning to do in 2023? NOTE: Please scroll down to read the other topics in this long blog post on USPAP and non-traditional appraisals, Non-lender appraisals, reos, tear downs, unusual homes, mortgage origination stats, etc. ==. By: McKissock (Survey).

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Appraisal Today

MARCH 1, 2024

Whether you’re looking to specialize in luxury home appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to areas where luxury homes are in high demand. Both inventory levels and new listings increased significantly in recent months, leading to an 18 percent increase in sales and a 1.6

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Appraisal Today

MARCH 3, 2023

We’ve included “paired sales/matched pair analysis” in the list as well, even though it’s a method rather than a digital or software tool, because it was mentioned by so many appraisers. Located on Carmel Point near Carmel-by-the-Sea—a celeb-favored California enclave—the one-of-a-kind home.

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Tools Appraisal Home Value Business 52

Appraisal Today

DECEMBER 30, 2022

Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022. Establish the use of waivers or other alternatives to existing appraisal processes. VA Required to Encourage Hybrids – Senate Passes HR 7735. By Dave Towne December 21, 2022. Excerpts: The U.S. Dan Sullivan and Rep.

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Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). Home sales figures were little changed in the county as a whole year-on-year (YoY) but varied widely by city, while home prices reached double digits amid growing demand.

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Buyers Construction Sellers Inventory 56

Appraisal Today

FEBRUARY 2, 2024

A redesigned, dynamic URAR will replace the numerous and separate appraisal forms and can be used for different property types, such as two-to-four units, condominiums, and manufactured homes, and for different scopes of work, such as interior and exterior inspections, updates, and completion assignments. What exactly does this mean?

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Another tricky HBU issue in California!

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Insurance Appraisal Contracts Mortgage 77

Will Springer Realtor

OCTOBER 11, 2022

If interest to finance a home is roughly twice the Fed funds rate of today, does that mean mortgage rates could hit double digits? I’m not going to answer that – my crystal ball is broken – but if some economists had their way, it would be a definite possibility for 2023. home prices will decline 5.5% from today’s U.S.

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McKissock

MAY 30, 2023

Uncover this month’s economic trends and insights—written from an appraiser’s standpoint—in the following economic recap for May 2023. Economic recap May 2023 The current economic landscape is riddled with several critical issues that demand attention. trillion deficit. Inflation Inflation moderated to 4.9% monthly and 5.1%

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Real Estate Construction Appraisal Inventory 73

Appraisal Today

MAY 5, 2023

Appendix D-1 contains a sample URAR of a simple single family residence with no site value, cost approach, or income approach, with only 3 sales and very limited commentary and no additional addenda (with photos, maps, and graphs integrated into the URAR). To read more plus appraiser comments, click here My comments: Read this article!

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