December, 2022

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Comparing this housing market recession to 2008

Housing Wire

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020.

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Are foreclosures and short sales coming back to the housing market?

Sacramento Appraisal Blog

A foreclosure wave is coming!!! And short sales are about to be unleashed!!! That’s often the housing narrative, and let’s talk about that while looking at some changes we’re starting to see in the Sacramento market. I hope this is helpful, whether you’re local or not.

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Are You Using Big Data in Appraisals?

George Dell

Editor’s Note: Are You Using Big Data in Appraisals? is a first-time Guest Post from John Fariss, MNAA. John is the owner of Fariss Appraisal Services located in Bakersfield, CA.

Appraisal 195
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Taking Your Business to Soaring New Heights

The Appraiser Coach

I love my coaching. There’s just something about helping other people succeed that brings me a lot of joy! Something that comes up a lot during my coaching interviews with. Read More.

Business 195
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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

Hello dear reader! I’m so sorry for the weeks I missed posting articles last month. There was a death in my family which has been difficult to work thru. While I get things going again, I have a returning guest blogger for this week and next week.

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Builders Are Cutting Prices & Offering Incentives, But It’s Not 2008

Eyes on Housing

In November of 2022, 36 percent of single-family home builders reported reducing their prices, and 59 percent were offering special sales incentives.

More Trending

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How much have home prices gone down?

Sacramento Appraisal Blog

How much have home prices gone down? That’s the big question right now, so let’s talk about it. But I want to highlight a pressing issue that’s been coming up about the stats. I hope this is helpful, whether you’re local or not.

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Is 30 Comps Just Right?

George Dell

How many comps should I use? What do “authorities” say? Historical appraisal practice, as passed on from trainer to trainee, in the outdated master/apprentice model that imposed strong inviolable dictates. For residential forms, the magic number was three, sometimes up to five or six.

Appraisal 195
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Where There’s a Brick, There’s a Way

The Appraiser Coach

I remember when I first started using a laser to do my measurements. I was up in front of a group of people, and I asked them to show by. Read More.

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What to Expect Undertaking These 4 Common Home Projects

Cleveland Appraisal Blog

Are you planning on renovating your home? What kinds of things can you expect? This week I welcome back guest blogger, Shirley Martin, who answers these questions in this article. I hope you enjoy it! What to Expect When Undertaking These 4 Common Home Renovation Projects.

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Nine Percent of New Homes Are Teardowns

Eyes on Housing

In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. Another 18.5

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Cooler inflation data sends mortgage rates lower

Housing Wire

On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months.

Mortgage 529
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Getting high on housing hope

Sacramento Appraisal Blog

Be an optimist in life. Be full of hope. And let nothing shake you. But when it comes to housing stats, be realistic about the market that actually exists. Today, let’s talk about getting high on housing hope (and unpack fresh stats).

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An Excess of Appraisers? More on Education

George Dell

Appraiser education is part of the “Big Stymie.” The five forces of friction: practices, standards, education, regulation, and client expectation – all interact to impede progress in appraisal. And of these, regulation and education create the long-term blockage.

Appraisal 195
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You Go Your Way, and I’ll Go Mine

The Appraiser Coach

Many of you know that I don’t do partnerships. I’ve had some negative experiences in the past, and I don’t like the idea of being a part of one again. Read More.

Appraisal 195
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What gifts await appraisers under the holiday tree?

Valuation Review

#appraisers #holidaygifts #annualholidayfeature

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The Size of the Housing Shortage: 2021 Data

Eyes on Housing

Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9%

Marketing 185
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Lower mortgage rates are stabilizing the housing market

Housing Wire

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market.

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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.

Appraisal 148
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The VA Required to Encourage Hybrids – Senate Passes HR 7735

Appraiserblogs

The VA will now be required to encourage hybrid appraisals. If you are a VA Appraiser, here’s a bit of news you need to keep tabs on. Senate Passes VA Appraisal Modernization Measure – theMReport.com The U.S.

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Winter Season- December Newsletter

DW Slater Company

As we end this year and look to the new, we hope that you had a nice Christmas time and we wish you the best for the upcoming year! This month we celebrate 35 years of the D. Slater Company! In honor of 35 years, we have gone back to the original retro logo!

Appraisal 112
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Zillow: The 2023 approach for homebuyers battling affordability issues

Valuation Review

#Midwesternmarkets #poolmoneytobuyhomes #Zillow #affordability

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Apartment Absorption Rate Reaches 25-year High

Eyes on Housing

Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that the multifamily market remained strong during the second quarter of 2022 due to high demand.

Buyers 170
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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in the very beginning.

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Market Overview: Montgomery County, PA – December 2022

Padove Appraisal Service

The past couple of years have been crazy! We have seen a combination of few homes offered for sale, and strong buyer demand. Buyers have had difficulty finding a home to purchase at any price. The result has been rising home prices. Recent increases in mortgage rates have reduced some demand.

Inventory 147
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Average AMC Appraisal Fee to the Appraiser

Appraiserblogs

Average AMC appraisal fee to the appraiser: AMCs are taking far more of the borrower-paid fee this year than they did last year.

Appraisal 134
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[Video] Business Automation with GoFormz Workflows

GoForrmz

Do you ever stare at your computer and say “there has to be an easier way to do this”? If your day is filled with repetitive data entry or processing tasks, let GoFormz give you back your workday!

Business 147
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FHFA announces 2023 conforming loan limit values

Valuation Review

#FederalHousingFinanceAgency #conformingloans #CLL #FannieMae #FreddieMac

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November New Home Sales Up as Interest Rates Fall Back

Eyes on Housing

While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs, and challenging affordability conditions.

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The 2023 Housing Market: A Look Ahead

Housing Wire

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.

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2022 Southwest Suburban Christmas Lights Tour!

Advanced Appraisal

This is our annual Christmas Lights Tour in our Local Tinley Park, Mokena and Frankfort areas. Some of the houses we personally know the owner's and some we just revisit every year to new ones added. We truly enjoy our t

Appraisal 144
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FTX Bought Government’s Silence; Did Fintechs Buy Attacks on Appraisers?

Appraiserblogs

The nation’s 80,000 licensed real property appraisers should pay close attention to the manipulation of Washington by FTX, which turned out to have the characteristics of a Ponzi scheme.

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Collect Legally Binding eSignatures In Your Digital Forms

GoForrmz

Create and share eSignature documents in minutes Easily collect legally binding electronic signatures in your digital forms with eSign fields. With GoFormz, you can securely gather signatures anytime, anywhere – without the trouble of messy paperwork.

Legal 146
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NAR IDs ‘most impactful’ real estate tech for 2022

Valuation Review

#NationalAssociationofRealtors #survey #currenttechnologyusage #eSignature #MLS