August, 2022

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Homebuilders are done until mortgage rates fall

Housing Wire

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Housing completion data is still struggling to get some traction, but in the coming months, builders should be able to get more housing completions done while housing permits and starts for single-family homes are in decline.

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What Impact Will the Infrastructure Bill Have on the Housing Crisis?

Appraisal Buzz

The United States is currently in what many consider to be a housing crisis. Market prices for purchased and rented homes are through the roof, with no clear end in sight. More people are searching for homes than there are houses available. This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking.

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Opendoor is struggling in Sacramento

Sacramento Appraisal Blog

Opendoor has been losing big lately in Sacramento since the market shifted. I thought it would be interesting to take a look at their activity over the past few months since I’m getting so many questions about them. This is not about throwing shade, and I’m not writing as a fanboy either. This is objective […].

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Housing Affordability Falls to Lowest Level Since Great Recession

Eyes on Housing

Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of April and end.

Inventory 210
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What is the Triangle in NC?

Raleigh Realty

What is the Triangle in North Carolina? One of the most common questions we receive is 'what is the Triangle in NC?' Below we answer that and a few more common questions: Click here to search for Triangle Real Estate. The Research Triangle area in North Carolina is named after the three prestigious universities of Duke, UNC-Chapel Hill, and North Carolina State University.

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Jim Major Named 2022 GBAR REALTOR of the Year

Lamacchia Realty

August 16 th – Announced today, Jim Major has been named the Greater Boston Association of REALTORS® (GBAR) REALTOR® of the year at the Annual Awards & Networking Breakfast in Boston ! This prestigious award recognizes and honors an industry member for their volunteerism and industry work over the past 18 months in three specific areas. These include participation and service to REALTOR® organizations, community involvement including membership and support of civic and charitable organizatio

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Fannie Mae is Bullish on Appraiser Trainees

Appraisal Buzz

Appraisers who have had the opportunity to participate in an appraiser conference recently have probably noticed a recurring theme from Fannie Mae – the importance of supervisory appraisers training the next generation of appraisers. Why is this so important to us? In simple terms, we are a risk management company. Guided by principles of good risk management and our mission defined by our congressional charter, the Fannie Mae Selling Guide states the policy requirements for the loans we acquire

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The inventory myth & dipping prices

Sacramento Appraisal Blog

Let’s talk about two things today. The myth of six months of inventory being normal and dipping prices. I’d love to hear your take in the comments. UPCOMING (PUBLIC) SPEAKING GIGS: 8/25/22 State of Housing Brunch & Learn (sign up (for real estate community)) 9/08/22 SAFE Credit Union Market Update (details TBD) 9/15/22 Market update […].

Inventory 411
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Has Inflation Peaked?

Eyes on Housing

Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month. The food index recorded its largest annual gain since May 1979 as all six major grocery store food group indexes increased. Nonetheless, it is.

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Now Available: Easy BPO Ordering with Property Valuation API

Clear Capital

Today, we are excited to announce Clear Capital’s Broker Price Opinions (BPOs) can easily be integrated and ordered without leaving your existing loan origination or order management system. . Now you can order BPOs through your system utilizing Property Valuation API — Clear Capital’s all-in-one valuation suite — and receive the BPO results as data and/or an easy-to-read pdf report.

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Lamacchia Realty Announces Top Producing REALTORS® for July 2022

Lamacchia Realty

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for July 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! July 2022 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years.

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Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data.

Inventory 525
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Burn it Down

Appraisal Buzz

The post Burn it Down appeared first on Appraisal Buzz.

Appraisal 370
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The housing market went from steaming to stagnant (free download)

Sacramento Appraisal Blog

The housing market went from steaming to stagnant a few months ago, and now that some time has passed, we’re getting more stats to help show the effect of higher mortgage rates. Today let’s look at sales volume to understand what’s going on. I have a free download too for anyone wanting to make visuals […].

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Building Materials Prices Increase in July as Concrete Surges

Eyes on Housing

The prices of building materials rose 0.4% in July (not seasonally adjusted) even as softwood lumber prices increased 2.3%, according to the latest Producer Price Index (PPI) report. Prices have surged 35.7% since January 2020, although 80% of the increase has occurred since January 2021. The PPI for goods inputs to residential construction, including energy, decreased 1.2% as the prices of.

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NAHB Publishes Most Affordable Housing Markets in the US for Q2 2022

Mashvisor

The National Association of Home Builders (NAHB) recently published its list of the most affordable housing markets in the US for the second quarter of 2022.

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Joselin Malkhasian Qualifies for 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Joselin Malkhasian has officially qualified for the 2022 President’s club by surpassing $16,000,000 in sales volume! This will be Joselin’s 6th time qualifying for this prestigious distinction and it is well deserved! Joselin is extremely hardworking while always making sure her clients are taken care of and are set up for success! Joselin is also a member of the 2020 and 2021 President’s Club ELITE.

Realty 71
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This app lets homeowners generate floor plans of their homes for free

Housing Wire

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans. CubiCasa , a real estate software company based in Finland, launched a new product to enable homeowners to generate floor plans at no cost through their app.

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Boulevard Oaks Houston Neighborhood Maps

Houston Properties

Navigate the new Boulevard Oaks maps. Read about the Boulevard Oaks neighborhood and its real estate guide. Explore map of Boulevard Oaks homes for sale.

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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. UPCOMING (PUBLIC) SPEAKING GIGS: 8/11/22 Realtist Lunch & Learn (sign up here (open to […].

Buyers 388
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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. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.

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Home Prices Drop in July as Demand for Housing Cools

Mashvisor

Redfin recently released a report that shows how home prices went down in July 2022. More than 15% of sellers lowered their asking prices in 97 US metros.

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Eileen Doherty is the First to Qualify for 2022 Lamacchia Realty President’s Club ELITE

Lamacchia Realty

Eileen Doherty has officially qualified for the 2022 President’s Club ELITE! Eileen is the first Lamacchia REALTOR® to achieve this milestone, and she was also the first to join the 2022 President’s Club in June ! Eileen was the first member of the 2020 President’s Club ELITE and joined the club again in 2021 ! Additionally, Eileen has been a member of the President’s Club since its inception, making it previously in 2017 , 2018 , 2019 , 2020 , and 2021.

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Can lower mortgage rates stop the housing recession?

Housing Wire

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year fixed to as high as 6.28% , then recently got as low as 5% — only to have another move higher this week to 5.30%. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% to 4.5%.

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The Ultimate Ranking of the Best 55+ Communities in Houston

Houston Properties

Looking for the best 55 communities in Houston Texas? Our experts have done the research for you. See our expert guide on the best places to retire in.

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How 8Twelve Mortgage became an exemplar of excellence in digital innovation

Mortgagebroker News

Canadian Mortgage Professional speaks to Gary Fooks, CEO of 8Twelve Mortgage, about winning the Digital Innovation in a Brokerage Award

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More Prospective Buyers Are Actively Searching for a Home

Eyes on Housing

The share of prospective home buyers who are actively engaged in the process to buy a home rose to 49% in the second quarter of 2022, after declining for three straight quarters. The pivot is likely driven by less competition from buyers who have exited the market, which has encouraged many of those remaining to become active buyers. Except for.

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Are Turnkey Rental Properties for Sale a Good Investment?

Mashvisor

Even though they are a good investment, finding turnkey rental properties for sale can be hard. This article shows you how to find one easily.

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Adam Richard Named Lamacchia Realty Employee of the Month – July 2022

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views it’s staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

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Opinion: Has the title industry reach the automation tipping point?

Housing Wire

Not many would count the title industry among the economy’s technology leaders. Candidly, there’s good reason for that. For decades, settlement services firms staked their reputations on personalized customer service and regional or local expertise, rather than cutting-edge technologies. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies.

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Quick Guide To All Homes For Sale In Houston TX

Houston Properties

Are you eyeing to move in Houston? Start looking for homes here!

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Exec on the steady rise of reverse mortgages

Mortgagebroker News

"At this stage in life, what customers need in our products is a way to achieve independence, to have a level of financial freedom"

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Single-Family Built-for-Rent Construction Surging

Eyes on Housing

Single-family built-for-rent sector construction surged during the second quarter of 2022 as homebuying affordability declined on higher mortgage interest rates. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 21,000 single-family built-for-rent (SFBFR) starts during the second quarter of 2022.

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How to Buy Property for Airbnb

Mashvisor

Do you want to invest in vacation rentals but don’t know how to start? Read on to learn how to buy property for Airbnb to earn extra income.