Fri.Dec 02, 2022

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Is the market pivoting ahead of the Fed?

Housing Wire

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming. We now have a better idea of what the Federal Reserve wants to do with their Fed rate hikes, and we have a lot of data that shows that the economy will look diffe

Marketing 510
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Intended Use Of The Appraisal

Padove Appraisal Service

Every appraisal order begins with a customer consultation. This is an in-depth discussion of the home, and the purpose of the appraisal. Any method of communication can be used for this step of the process. The purpose of the consultation is to find out how the appraisal can help you. The consultation will aid in the understanding of the intended use of the appraisal.

Appraisal 148
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Stronger than expected job growth raises specter of more Fed hikes

Housing Wire

Defying economists’ expectations, job growth remained strong in November. Total nonfarm payroll employment rose by 263,000 jobs from October , according to data released Friday by the Bureau of Labor Statistics. So far this year, monthly job growth has averaged 392,000, down from an average of 562,000 per month in 2021. Even as the number of jobs continued to rise in November, unemployment remained unchanged from a month prior, holding steady at 3.7%, with 6.0 million persons unemployed.

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U.S. Added 263,000 Jobs in November

Eyes on Housing

In November, job growth slowed slightly from the previous month but still showed strength despite tight monetary policy. The unemployment rate was unchanged at 3.7% in November as the number of persons in the labor force decreased for the third straight month. Total nonfarm payroll employment increased by 263,000 in November, following a gain of 284,000 in October, as reported.

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Getting ahead of a turbulent market with consumer data

Housing Wire

Mortgage volumes are continuing to drop as interest rates continue to rise. It has resulted in a highly competitive market, and lenders recognize the importance of maintaining existing customers in this challenging market. But today, retaining current customers means understanding their behavior, and without insightful, real-time data, that can become a difficult task.

Marketing 391
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5 Ways to Fast-Track Your Appraisal Career

McKissock

There are many reasons people choose to launch a career in real estate appraisal—including the potential to earn a high income, opportunity to work flexible hours, and low start-up costs compared to other small businesses, to name a few. Are you interested in starting an appraisal career? Or perhaps you’re a licensed appraisal trainee eager to upgrade your license and advance your career as quickly as possible?

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. In a July 9, 2015, Concept Paper – Alternate Track to the Experience Requirements in the Real Property Appraiser Qualification Criteria, the AQB asked: “Are there practical alternatives for some (or all) of the appraisal experience requirements to include non-appraisal experience?”.

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The Boston Globe Names Lamacchia Realty a Top Place to Work for 2022

Lamacchia Realty

Lamacchia Realty has once again been named one of the Top Places to Work in Massachusetts in the 15th annual employee-based survey project from The Boston Globe. This is the second time the company has been honored. Lamacchia Realty was ranked #2 in the small employer category. In 2021 the company ranked #4. On Wednesday, November 30th, awards were given at the annual Boston Globe Top Places to Work 2022 Celebration.

Realty 74
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The Latest Technologies Home Inspectors Use for More Thorough Inspections

Eppraisal

While in the process of purchasing a home, you are going to want to have a home inspection performed. It's a security blanket of sorts for you to be sure there aren't safety hazards and major defects in the home. Contracts to purchase homes have clauses in them that allow buyers to have a professional inspection performed, typically within the first five to ten days of signing the contract.

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The Balestracci Group Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Elissa Comeau and Matthew Jette of The Balestracci Group have officially qualified for the 2022 Lamacchia Realty President’s Club by closing on 99 transactions as a team this year! Led by Mark Balestracci , this group of talented REALTORS® joined forces with Lamacchia back in March of 2022 and rose to the top very quickly! In their first year with Lamacchia Realty, they were listed multiple times in the Top 10 throughout the company and Top 5 in the Worcester office , most recently in Octo

Realty 74
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Investor Home Purchases Down 30% Year on Year

Mashvisor

Rising mortgage rates can significantly affect investor home purchases. As mortgage rates go up, investors are slowly dropping out of the market.

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Mark Balestracci Qualifies for 2022 Lamacchia Realty President’s Club ELITE

Lamacchia Realty

Mark Balestracci has officially qualified for the 2022 President’s Club ELITE with his team by surpassing 99 transactions as a group this year! Being a team lead for The Balestracci Group , he had to achieve an even higher level of sales in order to qualify. For over two decades, Mark has been named one of the top REALTORS® throughout Worcester County.

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Rookie Reply: How to Get a Better Price on That Off-Market Property

BiggerPockets

Off-market real estate deals can give investors like you HUGE discounts on what would be expensive investment properties. Either due to the property condition or the state of the seller, […].

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‘Promising’ outlook ahead for housing market: executive

Mortgagebroker News

'I think Canadians are in a much better position overall than a lot of people would have you believe'

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Selling a home as-is: What you need to know in 2022

Listing Spark

In Texas, there are a few things you need to know about selling your home as-is. Depending on your situation, selling as-is may or may not be the best option for you. In this blog post, we’ll go over the pros and cons of selling as-is in Texas. We’ll also provide you with some tips to help you sell your home as-is. So, if you’re thinking about selling your house in Texas, keep reading!

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What should mortgage brokers look for from a private lender?

Mortgagebroker News

Turnaround time, flexibility, and transparency are key, says executive

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Airbnb Property Analysis: Find Out if You’ll Turn a Profit in 10 Easy Steps

Mashvisor

Airbnb is an excellent investment platform, and conducting a proper Airbnb property analysis will help you find profitable properties.

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“RECO can do a better job”: general-auditor slams Ontario regulator

Mortgagebroker News

It highlights four areas of improvement and makes 25 recommendations

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November 2022 Home Data Index Market Report

Clear Capital

The November 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at -2.4 percent. Download the report , or read it below. Commentary by Brent Nyitray of The Daily Tearsheet. Home price appreciation decelerated again in November as the Clear Capital Home Data Index fell 2.4% quarter-over-quarter (QoQ) and rose 10.3% on a year-over-year (YoY) basis.

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Can the market survive a more lenient mortgage stress test?

Mortgagebroker News

RBC weighs in on why Ottawa can afford to loosen up

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Bank of Canada can stop the rate-hike cycle ahead of Fed, survey shows

Mortgagebroker News

Find out what economists are saying

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8Twelve surpasses $100 million in funded private mortgages after just four years

Mortgagebroker News

But that's not what its CEO is most proud of