Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

OCTOBER 1, 2022

Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools. Survey respondents were most comfortable with desktop appraisals and least comfortable with automated valuation models (AVMs). “We had an Appraiser go MIA and almost cost my buyer a deal.”.

Appraisal 389

Appraisal Real Estate Agent Valuation Training 389

Valuation Review

AUGUST 9, 2021

With signs of a significant recovery for the second straight month in June pertaining to housing inventory, the latest Zillow Real Estate Market Report indicates the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor. But inventory remains low, and demand is still strong.

Inventory 60

Inventory Buyers Real Estate Sellers 60

Housing Wire

APRIL 22, 2024

Always include your contact information and a call to action, such as an offer for a free home valuation. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Great news! Your neighborhood is hot!

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Real Estate Open Houses Brokerage Real Estate Agent 375

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Buying a home is not for the faint of heart, especially when inventory is so low and affordability is a challenge.

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Appraisal Contracts Tools Valuation 424

Housing Wire

MAY 17, 2022

Buy with Orchard is the firm’s first product targeted to first-time buyers that provides home shoppers with the cash needed to compete with equity-rich homeowners and investors, the company said. “It has never been more difficult for first-time buyers to purchase a home,” said Court Cunningham, chief executive officer of Orchard.

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Buyers Investors Mortgage Valuation 370

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. Drive leads to home valuation landing pages It’s the 21st century. Then, drive traffic to your home valuation page using social media or targeted advertising. Looking for more listing leads?

Real Estate 400

Real Estate Sellers Real Estate Agent Tools 400

Housing Wire

NOVEMBER 30, 2020

Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. Presented by: Fannie Mae.

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Realtors Inventory Contracts Development 534

Simonson Real Estate

JULY 22, 2021

Most buyers will not pay for these excess costs. During this process, fewer buyers are available to acquire the property and this begins to change the supply and demand equilibrium. The post Valuation – How Much is My Property Really Worth? This affects the ability to obtain financing and can result in changing values.

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Valuation Retail Real Estate Construction 78

Housing Wire

AUGUST 5, 2021

How fine-tuning MSR valuations can help lenders improve decision-making. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. But the low rates made little difference in the purchase market, as home prices continue to rise. “A

Mortgage 527

Mortgage Valuation Housing Market Renovations 527

Housing Wire

SEPTEMBER 22, 2023

But somebody has to replace the Fed, and the Fed is not an economic buyer. So they are a policy buyer. They may require wider spreads than the Fed because the Fed is not an economic buyer. So, the servicing valuation on those loans is strong, because pre-payments are low. Are you optimistic this trend will continue?

Housing Market 445

Housing Market Marketing Buyers Investors 445

Housing Wire

JANUARY 12, 2024

There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing. Of these, category 2 is the most established.

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Supply Chain Finance Development Modernization 384

Cleveland Appraisal Blog

JANUARY 19, 2023

Unless you’re in the property valuation profession, you may not have. ” Conversely, an underimproved property might be lacking in amenities that most buyers expect to see. ” Clearly, when valuing a property, appraisers must consider what the typical buyer expects a home to offer in terms of amenities and characteristics.

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Appraisal Buyers Transportation Real Estate 284

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Meanwhile, buyers are plucking up homes left and right. In response, the FHFA is looking to modernize the appraisal process to ensure more streamlined and accurate valuations. Total year-end sales volume ended at 5.64

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Appraisal Valuation Modernization Contracts 397

Housing Wire

NOVEMBER 23, 2020

Buyers are showing up in force at the live foreclosure auctions, both in-person at the auction venues and now also virtually, thanks to the Remote Bid feature on the Auction.com mobile app,” Price said. Where available, this feature allows buyers to participate in real time at the auction from just about anywhere.”.

Buyers 531

Buyers Real Estate Investors Retail 531

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. This frees up time for buyers to focus on other aspects of their lives. Hello friends!

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Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

OCTOBER 6, 2021

Well, after 5 years with that team as the Director of Operations I thought I had dealt with every situation ranging from appraisal disputes, title insurance questions, and most recently a market with incredibly low inventory and more buyers than we could handle due to the record low interest rates.

Real Estate 289

Real Estate Technology Lending Valuation 289

Valuation Review

OCTOBER 18, 2021

A new Zillow research finds most home buyers still tour homes in person and don't waive inspection contingencies. The housing market is historically hot with record home price appreciation and limited inventory, but the typical buyer submitted only two offers in 2021, and only about 1 in 10 waived an inspection.

Housing Market 78

Housing Market Buyers Inspection Marketing 78

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Then counterbalance the estimated price on those sites with the valuation seen on Eppraisal.com.  This licensed professional is generally more competent to do such a valuation than most real estate agents.

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Marketing Real Estate Agent Real Estate Valuation 69

Housing Wire

OCTOBER 26, 2021

The company said it would complete purchases that are under contract but not closed, and will continue to work on reselling existing inventory. Zillow has declined to comment on its decision beyond an Oct. 18 press release that cited labor and supply chain constraints and said its home purchase program hit “operational capacity.”

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Supply Chain Real Estate Real Estate Agent Clients 531

Housing Wire

MARCH 18, 2022

Additionally, Offerpad’s agents help buyers, and, according to a Securities and Exchange Commission filing from earlier this month, give buyers early access to inventory instantly bought by Offerpad. The valuation, though, has inched past the $1 billion mark after Offerpad announced $6.5 The company debuted with a $2.7

Agents 400

Agents Real Estate Agent Real Estate Sellers 400

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 395

Clients Agents Buyers Sellers 395

Anthem Valuation

MARCH 3, 2021

A combination of low interest rates and low housing inventory has created a competitive market in the Twin Cities. ‘Ultra-hot’ Twin Cities housing market sends buyers on wild ride (fox9.com). The post Twin Cities Housing Market appeared first on Anthem Valuation Blog.

Housing Market 60

Housing Market Marketing Valuation Inventory 60

Housing Wire

AUGUST 28, 2020

So the products I’ve put into this category are really focused on either helping agents win listings or helping them convert lookers into buyers. And the last area is seller tools or companies that help to convert lookers to buyers (I could probably have thought of a better name here). Seller tools / Buyer conversion tools.

Tools 249

Tools Sellers Real Estate Contracts 249

Housing Wire

APRIL 13, 2022

“We’ve already seen about as much bulk [MSR] activity year to date [in 2022] as we saw all of last year,” said Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corp. The top MSR buyers over the period, according to Recursion’s data, were J.P. billion) and other banks ($11.9

Mortgage 379

Mortgage Marketing Sellers Buyers 379

Housing Wire

MAY 2, 2024

For mortgages, specifically 30-year fixed rate, it was hard to find a buyer willing to make a strong premium payment [on a whole loan purchase] when you think you are going to get four or five or six rate cuts, because that meant rates were going to fall and [mortgage] prepayments [due to refinancing] were going to increase. .

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Marketing Mortgage Investors Sellers 401

Housing Wire

JANUARY 30, 2024

“[Since Covid], the IMB [independent mortgage bank] group has retained a lot of MSRs that they had not retained historically as a group,” said Nick Smith, founder, managing partner and CEO of private-equity firm Rice Park Capital Management (RPCM), an active MSR buyer. Those two [Mr. Carnes agrees with Piercy’s assessment.

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Marketing Mortgage Sellers Buyers 366

D Fritz Appraisals

JUNE 28, 2022

The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Significantly reduced housing inventory. In the Victoria, BC housing market, low inventory has continued to result in record low sales numbers.

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Housing Wire

MARCH 18, 2021

Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry. “Given the very low inventory environment, competition among potential homebuyers is a challenging reality, especially for first-time homebuyers,” said Sam Khater, Freddie Mac ’s chief economist.

Mortgage 412

Mortgage Marketing Valuation Design 412

Appraisal Buzz

MAY 20, 2024

A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. When the market enters a phase more favorable to sellers, appraisers may find themselves caught in a crossfire between what buyers think is fair and what the homeowner expects.

Appraisal 370

Appraisal Marketing Sellers Valuation 370

Cleveland Appraisal Blog

FEBRUARY 4, 2021

So, why offer a valuation service that provides values that should not be relied upon? It appears that the valuations AVM’s provide are really instruments that are used to attract consumers to their sites, where they collect data on people’s searches, while at the same time offering other real estate services and information.

Advertising 198

Advertising Valuation Appraisal Renovations 198

McKissock

MAY 4, 2021

Last month (April), we asked our CE Plus members , “Over the past 12 months, approximately what percentage of your clientele have been first-time real estate buyers or sellers?” ” According to our respondents, approximately one-third of clients are first-time buyers are sellers.

Sellers 95

Sellers Marketing Buyers Real Estate 95

DW Slater Company

JUNE 16, 2022

First time home buyers are having to compete with larger institutional investors that have more buyer power. Month’s Supply of Inventory. The percent that buyers are paying over list price is less than the previous month. Buyers gaining power & farewell real estate honeymoon – Sacramento Appraisal Blog.

Supply Chain 159

Supply Chain Real Estate Investors Appraisal 159

DW Slater Company

JANUARY 30, 2023

Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates. Inventory is down from the previous month but up from the same time last year. Is Valuation Independence Good or Bad for Business? As we look at the housing market for 2022, a clear shift has occurred.

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Housing Market Marketing Real Estate Appraisal 122

Robinson Appraisal Group

MAY 16, 2018

Interest rates for buyers with good credit or credit worthiness for a 30 year loan is approximately 4.875% while average buyers fall around 5%. With the positive retail sales data and the rising home costs due to low inventory in some of the major markets the interest rate hike is not a complete surprise.

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Real Estate Agent Real Estate Inventory Retail 78

Valuation Review

JUNE 16, 2021

Sparse inventory and high demand placed upward pressure on home prices, creating challenges across generations as buyer preferences shift, the reports said. CoreLogic released its Home Price Index and HPI Forecast for April 2021. Read on to learn more.

Inventory 78

Inventory Buyers 78

Housing Wire

NOVEMBER 2, 2023

The program is designed to help agents connect with buyers, improve their brand recognition and convert leads into clients. While these leads are not expensive, nurturing them will be essential for gauging their interest in cash offers or introductory home valuations. How to generate real estate leads in 2023?

Real Estate 387

Real Estate Real Estate Agent Tools Agents 387