Housing Wire
DECEMBER 29, 2022
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. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.
The Appraiser Coach
DECEMBER 20, 2022
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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Eyes on Housing
DECEMBER 16, 2022
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% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.
Padove Appraisal Service
DECEMBER 2, 2022
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.
GoForrmz
DECEMBER 8, 2022
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! For everyone with form-based data capture, GoFormz Workflows can automate your daily tasks, such as emailing form copies, exporting and storing forms in your preferred Cloud storage platform, or even sending data directly to your CRM or ERP.
Appraiserblogs
DECEMBER 21, 2022
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. Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022. Under the terms of HR 7735, sponsored by Sen.
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Lamacchia Realty
DECEMBER 29, 2022
We are thrilled to announce that Nicole Vermillion has officially qualified for the 2022 President’s Club by surpassing $16,000,000 in sales volume! Nicole joined Lamacchia Realty in the Spring of 2021, and she took off running! Nicole loves to help people and be of service, and she has successfully guided many clients on their homeownership journey.
Eyes on Housing
DECEMBER 14, 2022
Per the Mortgage Bankers Association’s (MBA) survey through the week ending December 9th, total mortgage activity increased 3.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose one basis points to 6.42%. The FRM rate has fallen 48 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.
Padove Appraisal Service
DECEMBER 10, 2022
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. The higher cost of financing a home pushed some buyers out of the market.
GoForrmz
DECEMBER 5, 2022
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. In this blog, we’ll share what eSign fields are and how to use them in your digital forms. The Differences Between Signature Fields and eSign Fields It is very important to note the key difference between Signature fields and eSign fields: E-SIGN A
BiggerPockets
DECEMBER 19, 2022
Last week, the Fed raised its benchmark interest rate by half a percentage point, a slowdown from previous sprints. Still, the federal funds rate is at its highest since 2007. While […].
Housing Wire
DECEMBER 1, 2022
Over the past few years, we’ve seen an increased demand for smart home technology as consumers continue to embrace a digital lifestyle. “Smart home technology, whether it be keyless entry locks, smart thermostats or leak sensors, these are all things that, five or six years ago, were still pretty new to the marketplace,” said Andre Sanchez, COO of Rently, a smart home and self-guided touring solutions provider.
Lamacchia Realty
DECEMBER 2, 2022
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.
Eyes on Housing
DECEMBER 2, 2022
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.
Eppraisal
DECEMBER 6, 2022
Buying and selling property is a big event for those gaining the asset and for those making money on the deal. Yet it is another day at the office for realtors, lenders, attorneys and title agencies. Still, the way these transactions go down goes well beyond the immediate participants. An array of factors influences the home value, mortgage interest rate, fees and timing of these exchanges.
Mortgagebroker News
DECEMBER 19, 2022
2022 had unparalleled challenges for the mortgage industry. As we look ahead, technology is going to be at the forefront for successful brokers and lenders. CMPTV recently spoke with Joe Fakhri and Andrew Schultz from Scarlett Network by Axiom Innovations on where they think technology can improve effectiveness and efficiencies moving forward.
BiggerPockets
DECEMBER 4, 2022
If you talk about how to avoid taxes, most people will think you’re doing something fishy in the eyes of the IRS. Very few know you can use the tax […].
Housing Wire
DECEMBER 21, 2022
On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Confused by this? I hear you; let’s dive deeper into today’s report. From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NA
Lamacchia Realty
DECEMBER 7, 2022
We are so excited to announce that Darlene Umina has officially qualified for the 2022 President’s Club ELITE! Darlene achieved this impressive feat by surpassing $24,240,000 in sales volume! Darlene qualified for the 2022 President’s Club in July and she clearly has been continuing to dominate as the year has rolled on! Darlene has earned other impressive accolades so far in 2022 including being named on the Boston Agent Magazine’s Who’s Who list for 2022 as well as ranking on the
Eyes on Housing
DECEMBER 9, 2022
The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively, according to the latest Producer Price Index (PPI) report. The index has decreased five of six months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, fell 0.8% in November.
Eppraisal
DECEMBER 2, 2022
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.
Mashvisor
DECEMBER 16, 2022
After a couple of years of turmoil in the real estate market, investors are eager to know the best states to buy investment property in 2023.
BiggerPockets
DECEMBER 7, 2022
A recent report from Zillow highlights the U.S. affordability crisis creatively. Rather than just focusing on the rapid price growth in rents across the country over the past couple of years, the […].
Housing Wire
DECEMBER 27, 2022
Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) over asking price. High octane stuff.
Lamacchia Realty
DECEMBER 28, 2022
AJ Bruce has officially qualified for the 2022 President’s Club ELITE by closing on 50 transactions this year! This is AJ’s first time reaching this incredible milestone, and we couldn’t be happier for him! AJ has been serving the Greater Worcester area for many years and has consistently proven himself as a dedicated and hardworking REALTOR® year after year.
Eyes on Housing
DECEMBER 13, 2022
Consumer prices in November saw the smallest year-over-year gain since December 2021.While still elevated, inflation experienced the second month below an 8% annual growth rate since February 2022. However, the shelter index continued to rise at an accelerated pace and was more than offsetting decreases in energy indexes. Shelter inflation will primarily be cooled in the future via additional housing.
Eppraisal
DECEMBER 13, 2022
Real estate listing agents didn’t have to do much to sell homes in the past couple years. Homes were selling at record-speed. Now that the real estate market is balancing out and home values aren’t rising as fast as they were the past couple years, it’s time for real estate agents to get a little more creative when listing homes.
Mashvisor
DECEMBER 2, 2022
Rising mortgage rates can significantly affect investor home purchases. As mortgage rates go up, investors are slowly dropping out of the market.
BiggerPockets
DECEMBER 20, 2022
Airbnb’s platform usually has two updates each year. One in the Summer and one in the Winter. This year’s Winter update came with a lot of cool features, like a […].
Housing Wire
DECEMBER 2, 2022
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
Lamacchia Realty
DECEMBER 8, 2022
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 its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.
Eyes on Housing
DECEMBER 21, 2022
As rapid rising mortgage rates continue to weaken housing demand, the volume of existing home sales has declined for ten consecutive months as of November, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. While mortgage rates have retreated in recent weeks due to recession concerns, they are likely to see another.
Eppraisal
DECEMBER 9, 2022
As buying a home is one of the most important investment decisions you will ever make, it is crucial to understand the current real estate market before you dive in. Did you know interest rates have approximately doubled this past year? Home values rose double digits, year-over-year, the past couple years? The housing inventory has been low; however, it is growing?
Mortgagebroker News
DECEMBER 8, 2022
"This is a significant difference in language, basically telling you that the Bank is willing to stop at this point if the data behaves"
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