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Homebuyers flock to Florida real estate
Housing Wire
AUGUST 30, 2021
The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found.
August, 2021
Unanswered Questions – Part 1
Appraisal Buzz
AUGUST 16, 2021
Like many busy appraisers, I can spend a lot of time in my own little world just trying to keep my head above water. Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin.
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10 ways the housing market is slowing
Sacramento Appraisal Blog
AUGUST 11, 2021
The housing market has turned the corner and we are seeing definitive slowing. Here are ten ways I’m seeing slowing in the market. If you’re not local, what are you seeing in your area? NOT DULL: The market is slowing, but it’s not dull. It is still really competitive.
28,000 Reasons to Have Your Home Measured Before You List It
Cleveland Appraisal Blog
AUGUST 20, 2021
If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past.
Get Non-Lender Work with Video
The Appraiser Coach
AUGUST 24, 2021
As a coach, I’m teaching appraisers on a constant basis. A lot of them are interested in doing non-lender work but they aren’t sure how to attract that work. Really, Read More.
Can You Measure Market Velocity?
George Dell
AUGUST 25, 2021
“Appraisal is market analysis!” is the title of a 1975 journal article by Richard Ratcliff, MAI. Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. Specifically, discrepancies from actual contract prices.
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Have You Ever Calculated Your Hourly Rate?
Appraisal Buzz
AUGUST 23, 2021
One of the most important math calculations in an entrepreneurs toolbox is knowing what the value of an hour is worth. We tend to call this calculation ‘dollars per hour,’ as in, “I just billed out $200 per hour,” or “I make $100 per hour.”
Unrealistic sellers & my favorite housing analogy
Sacramento Appraisal Blog
AUGUST 17, 2021
I have three things on my mind today. I’d love to share a helpful analogy for today’s housing market, let’s talk about unrealistic seller expectations, and then unpack some fresh stats.
Why You Should Have Your Home Measured Before You List It
Cleveland Appraisal Blog
AUGUST 20, 2021
If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past.
Phone Apps for Productivity
The Appraiser Coach
AUGUST 31, 2021
I’m big on technology. One of my most used pieces of technology is my smartphone. I wanted to share with you some of the apps that I use all the. Read More.
Picking Comps: Manual or Powered?
George Dell
AUGUST 18, 2021
Picking comparable sales is critical. Selecting the ‘best’ four or five ‘comps’ requires experience and training. Appraisal education tells us a good comparable is competitive, similar, and able to be compared.
Is the Fed creating a housing bubble by keeping rates low?
Housing Wire
AUGUST 30, 2021
Remember that pretty girl from your history class in college — the one who would blow hot and cold, so you never really knew what she was thinking? The U.S. housing market can be like that girl: you can get many mixed messages (especially about a housing bubble) unless you are paying attention.
Appraisers: Pay Attention to Policy
Appraisal Buzz
AUGUST 9, 2021
Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines.
Just say NO to subjective language in real estate
Sacramento Appraisal Blog
AUGUST 3, 2021
Is it a poor neighborhood? Is it rich? Is the neighborhood desirable or undesirable? Is it family-friendly? Is it crime-ridden? These are words some might use to describe certain neighborhoods, but they’re 100% off limits for appraisers (and probably other real estate professionals).
Are Home Buyers Regretting Their Purchase?
Cleveland Appraisal Blog
AUGUST 6, 2021
There has been a sense of urgency, and sometimes almost despair, for some looking to purchase a home. There are some news stories I have seen recently where some homeowners regretted their purchase. Do you know of anyone who purchased a home within the past year? Did they regret their decision?
How Much Should You Make Each Month?
The Appraiser Coach
AUGUST 17, 2021
How much do you need to make each month? While it’s going to vary from person to person, you should know how much you need every single month in order. Read More.
Is Appraisal Scientific?
George Dell
AUGUST 11, 2021
“Appraisal is not an exact science” are words I used to hear a lot. This understandable view leaves much to be explained. In the USA, appraisal is an opinion of value by an appraiser. Licensed, and when required, for “federally related transactions”.)
This is not 2008 all over again for the housing market
Housing Wire
AUGUST 3, 2021
When you hear people say that the current housing market is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble.
Stewart Strengthens Analytics Abilities with Informative Research Acquisition
Appraisal Buzz
AUGUST 26, 2021
Stewart Information Services Corp. is acquiring Informative Research (IR), a credit, consumer and real estate data and technology services provider. IR serves more than 3,000 customers across the U.S. The purchase price is $192 million and will be funded with available company resources.
How bedroom value adjustments DO NOT work
Sacramento Appraisal Blog
AUGUST 25, 2021
How much is a bedroom worth? What sort of adjustments do you give when looking at two houses with a difference of one bedroom? It’s always $10,000, right? Or wait, someone else said $20,000. What’s the truth? Let’s talk about this today.
Annual Home Price Gains Hit Record High in June
Eyes on Housing
AUGUST 31, 2021
In June, national home prices continued to rise at a fast and unsustainable rate. Strong demand and low housing inventory have been driving home prices at double-digit growths for eleven months.
Appealing Property Taxes with a Real Estate Appraisals
The Appraiser Coach
AUGUST 9, 2021
Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Getting a. Read More.
Modernizing Appraisal: How Do I Prepare?
George Dell
AUGUST 4, 2021
We have heard a lot about “modernizing” the appraisal process, particularly from the GSE’s (Fannie Mae and Freddie Mac). What is clear, is that the path is not clear. The GSEs, pressing for an improved valuation product, are in a difficult situation. On one hand, they are supposed to cooperate.
Home sales beat estimates: no housing crash in sight
Housing Wire
AUGUST 23, 2021
The National Association of Realtors reported 5.99 million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew.
Marketing Yourself as an Appraiser
Appraisal Buzz
AUGUST 30, 2021
In today’s Buzzcast, we dive into the Business-Building Workshop, “Marketing through Social Media” being held at Valuation Expo on September 8th. Today we have Blaine Feyen, Owner of Feyen Appraisals, with Joan Trice, Founder of Allterra Group, LLC.
Fires, multiple offers, & new flooring
Sacramento Appraisal Blog
AUGUST 31, 2021
It’s been a heavy week around here and I have a few things on my mind. Let’s talk about the fires, the new norm of fire season, and then I have some fresh stats to share. Fire rampage: It’s been a brutal week in Sacramento. I think so many locals feel deflated as we watch […].
Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices
Eyes on Housing
AUGUST 17, 2021
Builder sentiment in the market for newly-built single-family homes fell five points to 75 in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index is at its lowest point since July 2020.
Become the “Go To” Appraiser in Your Area
The Appraiser Coach
AUGUST 10, 2021
Near my office there are two convenience stores but I only ever go to one of them. Really, there isn’t anything terrible about the one I don’t go to, but. Read More.
On-time rent now counts in Fannie Mae underwriting
Housing Wire
AUGUST 11, 2021
On-time rental payments will now factor in to Fannie Mae underwriting calculations, and missed rental payments won’t keep borrowers from getting a mortgage.
Delta variant fears send 30-year mortgage rates to 2.77%
Housing Wire
AUGUST 5, 2021
The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%.
Alterra Promotes Marc Hernandez to President
Appraisal Buzz
AUGUST 27, 2021
Company leaders say the former EVP is one of just a handful of Hispanic Presidents in independent mortgage banking and that the move reflects a commitment to diversity. The post Alterra Promotes Marc Hernandez to President appeared first on theMReport.com.
Why aren’t builders creating more housing inventory?
Housing Wire
AUGUST 18, 2021
Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000. Positive revisions to the previous data were made, but not by very much.
New Single-Family Home Size is Rising
Eyes on Housing
AUGUST 23, 2021
An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market is occurring.
Accountability is Key
The Appraiser Coach
AUGUST 3, 2021
Statistically speaking, the overwhelming majority of people have given up on or pushed aside their New Year’s Resolutions by March of any given year. This doesn’t mean that the goals. Read More.
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