Housing Wire

JANUARY 27, 2023

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? We have had some conflicting data points recently. On the one hand, cancelation rates have been rising. On the other hand, mortgage rates have gone down more than 1% since Oct. 20, 2022. The builders’ stock prices have done well as mortgage rates have fallen , and this illustrates the simplicity of the homebuilders’ position: their story is really about mortgage rates and moving pr

Mortgage 542

Mortgage Buyers Housing Market Inventory 542

Sacramento Appraisal Blog

JANUARY 3, 2023

What’s the real estate market going to do in 2023? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 1/12/23 McKissock Webinar (register here) 1/18/23 WCR Market Update in Cameron Park (register here) 1/19/23 Big market update at SAR on Zoom (register here) 1/20/23 […].

Real Estate 432

Real Estate Appraisal Marketing Housing Market 432

Cleveland Appraisal Blog

JANUARY 5, 2023

Welcome to 2023! I hope that you all had a nice time off over the past month. We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. Even before the pandemic’s incredible surge in housing demand, the market in Northeast Ohio was skating along nicely.

Housing Market 369

Housing Market Appraisal Marketing Real Estate 369

The Appraiser Coach

JANUARY 10, 2023

I’ve begun to notice that retirement is starting to creep up on me a little bit, and I’m starting to wonder if I’m really ready. I recently decided to get. Read More.

Business 366

Business Real Estate Agent Real Estate Appraisal 366

Eyes on Housing

JANUARY 3, 2023

Private residential construction spending declined 0.5% in November, as spending on single-family construction plunged 2.9%. Private residential construction spending fell for the six consecutive month, standing at an annual pace of $868 billion. However, this total remains 5.3% higher compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has also declined.

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Construction 192

Inman

JANUARY 9, 2023

The metaverse is quickly becoming a platform, or a collection of several platforms, where you can advertise, socialize, build, and explore. It’s no wonder we’ve started to imagine how to bring real estate to this realm.

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Real Estate Development Advertising Realty 178

Sacramento Appraisal Blog

JANUARY 16, 2023

How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market. UPCOMING (PUBLIC) SPEAKING GIGS: 1/18/23 WCR Market Update in Cameron Park (register here) 1/19/23 Big market update at SAR on […].

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Appraisal Real Estate Housing Market Buyers 380

Appraiserblogs

JANUARY 30, 2023

The Maryland appraiser has filed a countersuit against the homeowners, claiming defamation. Appraisers, there have been several lawsuits filed against appraisers by borrowers who “don’t like your value, so I’m accusing you of discrimination” over the last year or so. These lawsuits all have the same theme, and it’s entirely possible that these actions are being coordinated by a consortium of ‘organizers’ and law firms.

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Appraisal Law 157

The Robert Weiler Company

JANUARY 27, 2023

In the 2018 film Ready Player One , Columbus, Ohio, was depicted as the fastest-growing city on Earth in 2045. Why? Because it’s where fictional game developers James Halliday and Ogden Morrow of Gregarious Games launch the OASIS, a fully interactive immersive VR gaming environment where a growing percentage of the human population goes to escape.

Real Estate 148

Real Estate Supply Chain Appraisal Construction 148

Eyes on Housing

JANUARY 13, 2023

In May of last year, Eye on Housing reported on historically widespread shortages of building materials. Since then, most of the shortages have eased; the major exceptions being shortages of HVAC equipment and certain categories of ceramic materials (ceramic tiles, clay bricks and cement-based building materials), which have gotten slightly worse. NAHB has been tracking shortages of building materials and.

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Inman

JANUARY 20, 2023

Inflation and rising interest rates tilted the housing market off its axis in 2022. Here's the story of one woman who joined the ranks of real estate agents last year — and thrived amid the chaos.

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Real Estate Real Estate Agent Agents Housing Market 178

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. It’s generating concern among mortgage and real estate trade groups, who fear the tweaks will hurt qualified borrowers amid an existing affordability crisis.

Mortgage 541

Mortgage Real Estate Realtors Housing Market 541

Sacramento Appraisal Blog

JANUARY 30, 2023

The housing market is getting hot again for the spring. It went from an ice bath in the fall to a hot shower so far in January. It’s not scalding like 2021, but it’s been a striking change. Let’s talk about this. UPCOMING (PUBLIC) SPEAKING GIGS: 2/8/23 SAFE Credit Union “Snacks & Facts” (for RE) […] The post The housing market went from an ice bath to a hot shower first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 371

Housing Market Appraisal Real Estate Marketing 371

GoForrmz

JANUARY 19, 2023

Capture legally binding electronic signatures within your digital forms. In an all-digital world, meeting the data security and compliance requirements with your workplace documents is a minimum expectation of your clients. With GoFormz + eSign, you can now seamlessly digitize your paper documents while capturing legally binding electronic signatures - all within seconds.

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Business Legal Contracts Clients 148

Appraiserblogs

JANUARY 24, 2023

The lender allowed an unlicensed property data collector give bad data to the appraiser… I work for this lender and they will not let my trainee inspect. The owners are now underwater by more than $100,000… I’m sad and I’m mad! I recently took on a measure job for a client who was questioning the square footage of their home. The couple bought the house at the height of the market last year.

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Appraisal Inspection Valuation Contracts 147

Eyes on Housing

JANUARY 10, 2023

Mortgage rates have increased rapidly in 2022, as the Federal Reserve continues to fight high inflation. The U.S. weekly 30-year fixed-rate mortgage rose from a slightly more than 3% in early 2022 to more than 7% in late October and leveled off at a rate of 6.42% as of the end of 2022. Mortgage payments have increased from $1,925 on.

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Mortgage 183

Inman

JANUARY 25, 2023

Acquiring Realtor.com would significantly advance CoStar's push into residential real estate — and bring it into greater conflict with the industry's existing power players.

Real Estate 175

Real Estate Technology 175

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S. housing market , we just experienced an event that most people never thought could happen.

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Inventory Mortgage Housing Market Sellers 540

McKissock

JANUARY 19, 2023

On January 18, 2023, HUD issued an announcement regarding revisions made to Handbook 4000.1. According to the announcement, the revisions included “enhancements and revisions to existing guidelines and various technical edits.” The most significant of these revisions was the elimination of the requirement to include the 1004MC form as an attachment to the appraisal report.

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Appraisal HOA Marketing Design 117

GoForrmz

JANUARY 3, 2023

The GoFormz team will be exhibiting at World of Concrete in Las Vegas! We are thrilled to be attending World of Concrete in Las Vegas, Nevada, January 17-19, 2023. Will we see you there? World of Concrete 2023 World of Concrete has been serving the global concrete and masonry construction industry for almost 50 years. Industry professionals from all over the world will come together to demonstrate the latest technology, like GoFormz, and machinery available, access the newest training and techni

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Construction Project Management Technology Training 148

Hank Miller Team

JANUARY 23, 2023

If it bleeds it leads, even if it's not accurate. Despite the constant caterwauling from the mass media about a housing crash, we are not seeing distress around the greater Atlanta market. That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand that it's not the spring of 2011.

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Buyers Agents Inventory Real Estate 98

Eyes on Housing

JANUARY 31, 2023

Dwindling housing affordability in the fourth quarter of 2022 caused the share of prospective home buyers who are actively engaged in the purchase process (i.e. who have moved beyond just the planning phase) to drop to 46%, down from 59% a quarter earlier. The share of prospective buyers fully engaged in the buying process declined in every region between the.

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Buyers 180

Inman

JANUARY 20, 2023

In what could be described as the most significant proptech acquisition since Zillow purchased ShowingTime, the resulting company will boast 700 employees and a massive range of customers.

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Real Estate Technology 160

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing went into a recession in June and mortgage volume fell off a cliff. So where does all that drama leave us for 2023?

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

McKissock

JANUARY 31, 2023

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” Thank you to the large number of appraisers who shared their input! Keep reading for a summary of the most common answers we received, as well as quotes from some of the many appraisers who shared their thoughts and insights.

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Real Estate Agent Real Estate Appraisal Agents 97

GoForrmz

JANUARY 17, 2023

Audit season is here, is your business ready? Audits are just another part of running a business - though they’re seldom the most pleasant. Whether it’s an audit from a government or industry authority, or just your own internal team conducting a process audit, they can be intimidating. But thankfully they don’t have to stall your business or take up excessive amounts of your time.

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Inventory Legal Clients Business 146

Hank Miller Team

JANUARY 16, 2023

As 2023 opens, the economic hangover due to the free spending and pandemic handouts continue. One of the craziest segments of the last two years was real estate. Prices and inventory of course, but the massive influx of "hobby agents" over this period was a lesser covered negative result. The number of real estate agents soared to record highs, as did buyer remorse and complaints.

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Real Estate Agent Real Estate Agents Brokerage 98

Eyes on Housing

JANUARY 18, 2023

The producer price index (PPI) for inputs to residential construction less energy (i.e. building materials) rose 8.3% in 2022 (not seasonally adjusted) according to the latest PPI report—less than one-half the increase seen in 2021. On a monthly basis, building materials prices declined 0.3% in December—the fourth consecutive monthly decrease. After increasing an average of 1.8% per month the first five.

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Construction 178

Inman

JANUARY 17, 2023

In advance of his appearance at Inman Connect New York on Jan. 24-26, the franchisor's chief technology and digital officer told Inman what agents are asking for since the market changed.

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Agents Technology Marketing Real Estate 160

Housing Wire

JANUARY 6, 2023

Can we have a soft landing in the economy? Friday’s job report shows there is a clear pathway to get there. Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer.

Mortgage 538

Mortgage Construction Marketing Housing Market 538

BiggerPockets

JANUARY 9, 2023

It’s a story that’s echoed across social media platforms from rental property owners across the nation: Vacation rentals are no longer generating the steady revenue investors grew to expect during […].

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Investors Housing Market Investing Marketing 78

Lamacchia Realty

JANUARY 20, 2023

The REALTOR ® with the Highest Sales Volume in the Chelmsford Office for 2022 is Angela Harkins! Angela closed out 2022 with over $19,500,000 in sales volume! This is Angela’s 5 th year achieving the #1 spot. Angela is a consistent top performer in the Chelmsford office and the company overall. In addition, Angela ended the year by ranking as the #16 REALTOR ® in the company – that’s out of nearly 500 REALTORS ® !

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Realtors Realty Real Estate Agents 73

Mashvisor

JANUARY 5, 2023

If you want to invest in residential real estate but aren’t 100% sure what your first step should be, we’re here to help you develop a plan.

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Real Estate Investing Development Landlords 74

Eyes on Housing

JANUARY 23, 2023

The share of adults planning a home purchase in the next 12 months dropped to 13% in the final quarter of 2022, down from 15% in the previous quarter. The drop is not surprising, given that housing affordability worsened during this period, as mortgage interest rates surpassed 7.0% and reached levels not seen in nearly 20 years. In the third.

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Mortgage 170