Housing Wire
JULY 28, 2021
The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We examine the need for complete vendor-provided software solutions vs. building in-house. We watch as consolidation transpires all-around.
Sacramento Appraisal Blog
JULY 26, 2021
Are prices finally starting to slow? Can it really be happening? Has the housing market likely peaked for the year? The answer is YES. Here are two quick things on my mind. These trends are for the Sacramento region, but I suspect many markets across the country are starting to show similar stats (or will […].
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Eyes on Housing
JULY 21, 2021
Seventeen percent of American adults are considering the purchase of a home within a year, according to NAHB’s Housing Trends Report for the second quarter of 2021. The share (now seasonally-adjusted) has increased for five consecutive quarters, after hitting a series low of 10% in the first quarter of 2020. The upward trend is clear evidence of Americans’ growing desire.
Realtor
JULY 13, 2021
Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. And a scarcer selection means people are paying more, too, with listings up 12.7% in price. All of this demand means buyers are going to ever-greater lengths to make their offer stand out.
Urban
JULY 23, 2021
Assistance could be a lifeline for many tenants and landlords, providing vital funding for much-needed preservation of their homes and properties.
Midtown Appraisal Group
JULY 28, 2021
It’s not just a comparison to the house next door. It happens to every appraiser, often once a week: Someone involved in the property buying and selling process says something like “Yeah, this appraisal won’t be that hard. The house across the street sold a month ago and it’s pretty much the same layout, so […].
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Sacramento Appraisal Blog
JULY 12, 2021
The housing market is slowing and today I want to share seven quick ways I’m seeing that. But here’s the thing. This market is still driving at warp speed. In short, the market is slowing, but it’s not slow. Podcast with Golden 1 Credit Union: If you need some background noise, here’s a podcast I […].
Eyes on Housing
JULY 6, 2021
Lumber futures prices have decreased by 52 percent (on a front-month basis) over the past seven weeks as mill prices have fallen 48 percent over the same period.[1] In contrast, prices paid by builders since late May have declined by a fraction of that impact. The disconnect—which has always existed—is inherent to the lumber supply chain and choices that must.
DW Slater Company
JULY 28, 2021
Photo by Tasos Mansour on Unsplash. On Sunday night we saw a bright fireball falling from the sky. It was a meteor and many others in North Texas witnessed it fall and then explode when reaching the earth’s atmosphere. It was unexpected and beautiful. As a skywatcher, I was happy to have observed it. So are prices started to fall? Is more balance coming to the market?
Urban
JULY 14, 2021
How states and localities can get funds out to residents facing evictions when the moratorium is lifted.
GoForrmz
JULY 6, 2021
Collect energy data using digital forms and instantly route submitted forms and information to the back-office, integrated systems, connected databases, and more Energy field teams are often tasked with the responsibility of collecting important project information – so why aren’t they given the tools they need to work more efficiently and accurately?
Housing Wire
JULY 16, 2021
Home sales fell 1.2% from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and, down from 39 days in June 2020.
Sacramento Appraisal Blog
JULY 20, 2021
Do you need a closet to be considered a bedroom? That’s a big question and the answer is simple. Actually, it’s not. Here are some things to consider. NOTE: This post does not address the requirements to be a bedroom. Here is a post I wrote about the four requirements to be a bedroom (over […].
Eyes on Housing
JULY 14, 2021
Framing lumber prices garnered more attention than any other building material over the past year as prices quadrupled between April 2020 and May 2021. But even as lumber prices decline, the spotlight on lumber continues to crowd out the story of meteoric price increases of another wood product integral to the integrity of a building’s structure—oriented strand board (OSB).
McKissock
JULY 27, 2021
This year we’ve seen intense homebuyer competition nationwide, with a record-breaking number of homes selling above asking price in March 2021. As a real estate appraiser, you’ve likely encountered assignments in which the purchase price is not supported by the available comps. So, what are the best ways to address complaints and requests in these situations?
Urban
JULY 21, 2021
Could extending a fee help the FHFA fund more affordable housing?
GoForrmz
JULY 27, 2021
Eliminate opportunities for incomplete forms, inaccurate data, and costly mistakes What are Not In Good Order (NIGO) forms? Not In Good Order Forms (NIGO) are documents that are missing information, completed incorrectly, or contains inaccurate information. Although NIGO forms may simply sound like a nuisance, they can be incredibly costly and problematic for many operations, especially those handling compliance measures and personal information.
Housing Wire
JULY 12, 2021
This is the first time I am writing about mortgage backed securities (MBS) because I hardly ever consider this aspect of the housing ecosystem in my work. But since now even Federal Reserve members are discussing the pros and cons of MBS, this is a good time to give you my take. The 10-year yield has been in a downtrend since 1981, and so have mortgage rates, so the MBS market hasn’t eve been a focus of mine.
BiggerPockets
JULY 27, 2021
Procrastination can hurt your business, but it’s important to fix problems before something bad happens. Want to be your tenants' favorite landlord ever? Stay organized and on top of things you should do every year.
Eyes on Housing
JULY 29, 2021
Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing will continue to expand in 2021, although as the rest of the economy recovers, the.
McKissock
JULY 20, 2021
Appraisers often balk at assignments that require a more detailed inspection of the subject property (e.g., FHA appraisal assignments ) because they don’t want to be considered a “home inspector.” Do you believe you are acting as a home inspector when you complete a property inspection as part of an FHA assignment? No matter how you may have answered this question in your mind, let’s explore some of the issues around appraisal inspection vs. home inspection.
Lamacchia Realty
JULY 13, 2021
5 THINGS FIRST TIME. HOME BUYERS SHOULD KNOW. Buying a home for the first time is a whirlwind. Especially over the past year where we had tightest market ever experienced and the demand for homes was higher than ever. In fact, many put off buying a home because they were afraid they do not have the knowledge or capability to do so. As we start to see the light at the end of the tunnel and the market is beginning to shift, many are realizing that’s not true at all!
Mashvisor
JULY 12, 2021
The Dallas real estate market is one of the hottest real estate markets in the country in 2021. Homes are selling fast, leading to higher prices and bidding wars.
Housing Wire
JULY 29, 2021
The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. He also addresses how he foresees the Delta variant impacting the housing market.
BiggerPockets
JULY 4, 2021
Whether a property near a school is desirable or not totally depends on the home buyer or renter. There are pros and cons to consider for homes near a school, and it's important to weigh those when deciding where to purchase property.
Eyes on Housing
JULY 30, 2021
Of the 17% of American adults considering a future home purchase in the second quarter of 2021, 61% have moved beyond planning and are already actively trying to find one to buy. This share of active buyers has increased for six straight quarters, a trend that began after the final quarter of 2019 when it stood at 43%. In the.
Mortgagebroker News
JULY 14, 2021
The eagerly awaited statement was also accompanied by the release of the Bank’s quarterly Monetary Policy Report
Lamacchia Realty
JULY 1, 2021
Photo by: Roman Lacheev When selling your home, it can often be a stressful experience cleaning up and getting your house ready for showings. Adding children into the equation can turn this into an overwhelming situation for you. You need a place for your kids to play around and have fun, but you also want to keep your house in tip-top showing shape at the same time.
Mashvisor
JULY 23, 2021
There are plenty of real estate investment opportunities nowadays. However, many of them tend to involve expensive apartment deals geared solely for the wealthy.
Housing Wire
JULY 26, 2021
In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. According to the recent Census report, the three-month average is now at 5.53 months , which puts inventory right back into the range we had in the previous expansion.
BiggerPockets
JULY 13, 2021
Being a successful landlord doesn’t come overnight. Effective landlords with the most lucrative tenancies create their success by developing certain habits.
Eyes on Housing
JULY 5, 2021
Recent posts have discussed how builders are facing widespread shortages of many building materials, and how materials prices for the same house have increased by 26 percent over the past year. Results from a follow-on NAHB survey show that builders have reacted to the shortages in a variety of ways, most commonly by raising the prices of their homes and.
Mortgagebroker News
JULY 8, 2021
It is one of the latest steps in the Liberal government’s ambitious $1 billion Rapid Housing Initiative
Appraisal Buzz
JULY 19, 2021
In hindsight, I didn’t choose the easiest profession. Over the last 40 years at my job, I have come to the realization that there aren’t that many people who do what I do. In fact, I only know of four professions where people earn their living by stating their opinions: doctors, judges, economists, and professional real estate appraisers. I’ll let you guess which one I am.
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