Mon.Aug 01, 2022

Buyers are making less aggressive offers

Sacramento Appraisal Blog

Good news. Buyers aren’t having to make aggressive offers like they used to (even when there are multiple offers). Let’s talk about this today. I suspect this is true in many areas across the country. I’d love to hear your take.

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HousingWire Magazine: August 2022

Housing Wire

Brena Nath, Director of HW+ and Events. Over a year ago, Sarah Wheeler, who serves as our HW Media editor-in-chief, and I got to work on a passion podcast together: GirlFunds.

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Garris Horn Adds David G. Ross as Litigation Partner

Appraisal Buzz

David G. Ross has joined Garris Horn LLP , a boutique, virtual law firm focused on federal financial regulation including TILA/RESPA/TRID, as litigation partner. Ross has 25 years of experience.

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Announcing the 2022 Women of Influence

Housing Wire

Following last year’s stories of grit and determination, the 2022 Women of Influence program represents a cohort of women who have emerged stronger than before, prepared to make the journey smoother and more accessible for those who will follow.

Cap Rates Expected to Rise as Asset Growth Slows

Appraisal Buzz

The gap between the actual cap rate and the potential rate rose 0.4 percentage points since Q4 2021. Here’s what else new data from First American reveals. The post Cap Rates Expected to Rise as Asset Growth Slows appeared first on theMReport.com.

Rocket gets into home equity game, joining rival nonbanks

Housing Wire

Rocket Mortgage , the nation’s largest lender, is expanding its product portfolio to home equity loans amid a significant slowdown in mortgage origination volume.

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Guaranteed Rate Affinity sues divisional manager for causing ‘mass departure’

Housing Wire

Mortgage lender Guaranteed Rate Affinity is suing a divisional manager for allegedly orchestrating a “mass departure” to competitor Cardinal Financial Company , a violation of the employment agreement.

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Home Price Growth Decelerates Sharply

Appraisal Buzz

The latest report from Black Knight did not carry good news as the company’s latest monthly Mortgage Monitor Report covering the month of June found that annual home price growth dropped by nearly two percentage points, the greatest single-month slowdown recorded since the early 1970s.

A cooling housing market could slow even further in coming months

Housing Wire

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing market would likely slow further in the coming months if mortgage rates remain persistently high.

Sensitive Mortgage Rate Environment Drives Up Home Searches

Appraisal Buzz

Since mortgage rates fell from their June highs, Redfin reports online real estate searches and home tours have ticked up and/or stabilized. The post Sensitive Mortgage Rate Environment Drives Up Home Searches appeared first on theMReport.com.

AJ Barkley to speak at HW Annual Oct. 3-5

Housing Wire

Especially evident since the beginning of the COVID-19 pandemic, work-life balance, or should we say work-life harmony, is a key priority for many of today’s professionals. However, we get that this is probably an area we’re all still trying to navigate regularly.

Fannie Mae Reperforming Loan Sale Includes Nearly 5,500 Loans to JP Morgan

Appraisal Buzz

Fannie Mae ’s results of a recent reperforming loan sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance (UPB) was awarded to JP Morgan Mortgage Acquisition Corp. Chase). The transaction is expected to close on August 26, 2022.

Buyers’ Expectations of Housing Availability Improve

Eyes on Housing

For the first time since 2020, prospective buyers expect housing availability to improve. After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022.

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Black Knight Reports Record Home Price Growth Slowdown in June

Appraisal Buzz

The latest Mortgage Monitor Report from Black Knight Inc. ’s s Data & Analytics division shows June marking the greatest deceleration in home price growth on record. There was a slowdown from 19.3% to 17.3%

Private Residential Spending Declines in June

Eyes on Housing

As mortgage rates reached 3-year high, private residential construction spending decreased 1.6% to a seasonally adjusted annual rate (SAAR) of $923.7 billion in June, according to NAHB’s analysis of the Census Construction Spending data. It was the first decline since May 2020.

The Value of Words in Valuation

Appraisal Buzz

Summary, What Does it Mean? I do several reviews every month and most normally fail to meet minimum standards.

Property tech company receives funding commitments

Valuation Review

Openn North America, a new offer and acceptance ‘proptech’ solution, recently announced its Australian parent company, Openn Negotiation Limited, received firm commitments from professional investors to raise $3 million with remaining funding to be earned through the issue of fully paid ordinary shares at $0.15.

Fannie Mae Recognized for Disability Inclusion

Appraisal Buzz

For the third consecutive year, the GSE earns the top score in establishing an environment where employees with disabilities have the opportunity to thrive. The post Fannie Mae Recognized for Disability Inclusion appeared first on DSNews. The post Fannie Mae Recognized for Disability Inclusion appeared first on Appraisal Buzz. Around The Web

LIVE: AI welcomes appraisers to Las Vegas

Valuation Review

The 2022 Appraisal Institute (AI) Annual Conference is underway, and Valuation Review is live in Las Vegas to cover the event. A wide variety of appraisal topics will be discussed during the next two days at the Bellagio Hotel & Resort.

Institutional Investment in SFR Properties on the Rise

Appraisal Buzz

Development of new build-to-rent homes has soared in 2022 compared to 2021, as the industry is projected to surpass 2021’s record-high 7,705 deliveries. The post Institutional Investment in SFR Properties on the Rise appeared first on DSNews. The post Institutional Investment in SFR Properties on the Rise appeared first on Appraisal Buzz. Around The Web

Exposing Occupational Licensing Abuses Nationwide

Appraisers Blog

She went from viewing occupational licensing as a necessary means to protect the safety and welfare of the public to a cynical tool promoted by established businesses to erect barriers against innovation and competition.

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More Than 2M Households Dissolved During Early Stages of COVID

Appraisal Buzz

Census Bureau reports a drop from 130.3 million homes to 127.6 million during the outset of pandemic, as younger adults gave up their independent living arrangements to move in with family. The post More Than 2M Households Dissolved During Early Stages of COVID appeared first on DSNews. The post More Than 2M Households Dissolved During Early Stages of COVID appeared first on Appraisal Buzz. Around The Web

50 Essential Home Staging Statistics for 2022

Raleigh Realty

Houses are flying off the market like hot cakes. But even in today’s seller’s market, staging a home can help you get the top dollar for your property in a fraction of the time. Staging is all about showcasing all the best features of your home with updated, neutral décor and colors (think Chip and Joanna Gaines). By designing an engaging, move-in-ready atmosphere, buyers may be more committed to and willing to increase their offer — often above the asking price.

Pandemic Shrank U.S. Household Count by More Than 2M

Appraisal Buzz

A new study concludes that many U.S. homeowners ditched independent living during the early stages of the pandemic. The post Pandemic Shrank U.S. Household Count by More Than 2M appeared first on theMReport.com. The post Pandemic Shrank U.S. Household Count by More Than 2M appeared first on Appraisal Buzz. Around The Web

Home sales see highest cancellation rate since 2020

Valuation Review

According to data from Redfin, rising and shifting mortgage rates are forcing buyers to cancel home purchases at the highest rate since 2020. The slowdown in the housing market is allowing more time for buyers to bargain hunt for better rates and prices

Anthony Lamacchia Wins Agent’s Choice Award for Managing Broker of the Year

Lamacchia Realty

Boston Agent Magazine announced the annual Agents Choice Awards winners for 2022. This year, Anthony Lamacchia has been voted the Managing Broker of the Year! Thousands of votes are cast across 12 different categories in the contest held by Boston Agent Magazine.

Survey examines best, worst rental locations

Valuation Review

With last year’s rental prices having grown at nearly double the rate of any previous year, the personal-finance website WalletHub recently released its report on “2022’s Best & Worst Places to Rent in America.” WalletHub compared more than 180 U.S. cities based on 22 key indicators of rental attractiveness and quality of life

July 2022 Home Data Index Market Report

Clear Capital

The July 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 11.3 percent. Download the report , or read it below. Commentary by Brent Nyitray of The Daily Tearsheet.

AIC welcomes new CEO

Valuation Review

The Appraisal Institute of Canada’s (AIC) Board of Directors recently appointed Tami Hynes as its new chief executive officer. Hynes brings a wealth of experience to AIC in strategic planning, organizational change and effectiveness, certification and governance

Preparing for a Home Appraisal Inspection

Kairos Appraisal Services

When selling your home or refinancing your mortgage, the home appraisal inspection is a crucial step in the process. You want your home’s appraised value to be as high as possible in the final report.

Appraiser discusses credibility, focus

Valuation Review

This month, Valuation Review shares more thoughts from Dustin Harris, “The Appraiser Coach,” from two of his blogs titled “The Path to Credibility” and “Where is Your Focus?” Harris reminds valuers to keep their eyes on the prize. Read on to learn more

Assurance Financial Finds Technology Evolution with Loan Vision

Assurance Financial

Loan Vision Case Study Featuring Assurance Financial. As with all forward-thinking organizations, Assurance Financial is well aware that continuous improvement is a necessity for any business, especially one in the ever-changing mortgage industry. 2019 found Assurance Financial looking for answers.

Our Team Has Expanded

Town & Country Residential Appraisals

We are excited to have expanded our team after about 2 years of limited growth.

What Are CCRs?

San Jose Real Estate

"Covenants, Conditions and Restrictions" (sometimes "Covenants, Codes & Restriction"s). Buying Tips FAQs First time homebuyers Bearden CCR CCRs Codes Coventants home Leep Los Gatos Real estate Restrictions san jose silicon valley Subdivisions tract