George Dell
MARCH 15, 2023
Market value, of course! Or is it? The great recession, and things like that, which come around every 12-15 years, all concur with the ‘accepted’ definition of market value, as written in the USPAP book Advisory Opinion 30. In short, the definition requires: Most probable price Competitive and open market Prudent and knowledgeable consumers No […] The post Market Value or Other Value?
Housing Wire
MARCH 30, 2023
With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? Many people predicted that the U.S. housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.
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The Appraiser Coach
MARCH 28, 2023
I talked recently in another post about the fact that money is a tool that we use to keep track of value. Money really has no value in and of.
Appraiserblogs
MARCH 27, 2023
Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The truth of the matter is that appraisals are an essential part of any mortgage transaction and should not be taken lightly or eliminated without due consideration.
Inman
MARCH 29, 2023
Amid an economic landscape in flux, homebuyers and sellers continue to want expert advice from real estate agents while looking to prepare for the future, and for Gen Z that means finding "green homes," according to RE/MAX.
Eyes on Housing
MARCH 15, 2023
After four consecutive declines, the producer price index (PPI) for inputs to residential construction less energy (i.e., building materials) rose 0.3% in February 2023 (not seasonally adjusted) follow a 1.1% increase in January (revised), according to the latest PPI report. Price growth of goods inputs to residential construction, including energy, gained 0.4% over the month.
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Housing Wire
MARCH 23, 2023
If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 million active listings, and these active listings would be direct competition for the builders. New homes are traditionally more expensive than existing homes, which don’t have all the bells and whistles.
GoForrmz
MARCH 22, 2023
Everything you need to know about starting your transition to mobile forms Making the transition from paper-based documentation to digital data capture can feel daunting. Businesses often delay their search for a digital solution to paperwork due to the sheer number of perceived time and financial investments, including: Fear of disrupting workflows Difficult onboarding (including the costs of adopting a new system) Intimidating costs of solutions The need for IT or coding experience Although th
Appraiserblogs
MARCH 15, 2023
Garbage data in means garbage results out every time! It’s no secret that AVMs have been a thorn in the side of real estate appraisers since they first came out. Despite all their bells and whistles, these automated valuation models still rely on inaccurate public records and often come up with wildly inaccurate home values. Unfortunately, some consumers don’t realize this until it’s too late – when reality comes crashing down from a local real estate professional after they’ve already gotten t
Inman
MARCH 29, 2023
Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday.
Eyes on Housing
MARCH 9, 2023
The NAHB recently published its latest Cost of Construction Survey. Results show that 60.8% of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% posted in 2019. Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of the home (2013: 61.
McKissock
MARCH 28, 2023
In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? As part of our monthly survey series, we asked real estate appraisers, “What type of non-lending appraisal work are you MOST interested in pursuing?
Housing Wire
MARCH 30, 2023
Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season. But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Freddie Mac’s Primary Mortgage Market Survey showed on Thursday that the 30-year fixed-rate mortgage was 6.32% as of March 30, down 10 basis points from the previous week, mainly due to the economic uncertainty caused by bank collapses.
GoForrmz
MARCH 14, 2023
Watch the on-demand webinar recap Over the past few years, businesses have been forced to change how they communicate and collaborate with clients, vendors, and employees. But due to outdated, pen-and-paper-based processes, many businesses still struggle with collecting real-time, error-free documents. How can you create an efficient process of capturing data for all parts of your business?
Hank Miller Team
MARCH 9, 2023
Let's take a southern home tour Whether it is a historic home or new build, we love the architecture of the south. Our team member and resident photographer, Mary Miller, fills her Instagram (@glimpsesofthesouth) with beautiful southern homes that highlight their architectural details, gardens, and holiday style. She features Historic Marietta homes, Charleston homes, Downtown Woodstock homes include farmhouse style homes, cottage style and old southern mansions - we love them all Southern Home
Inman
MARCH 1, 2023
With billions saved — and lost — Opendoor is living by the creed "go big or go home." Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes exclusively for Intel.
Eyes on Housing
MARCH 17, 2023
NAHB recently released its 2023 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 96.5 million households are already not able to afford a median priced new home in 2023 due to the fact that their incomes are insufficient to qualify for the required mortgage under standard underwriting criteria.
Kairos Appraisal Services
MARCH 9, 2023
When purchasing a home with a mortgage or refinancing, the transaction may require that a home appraisal inspection be done. This is because appraisals assure the lender that they are not issuing mortgages for more than what residential properties are worth. Appraisals are conducted by real estate appraisers, who must meet an educational requirement and… The post 7 Questions Residential Appraisers Ask Homeowners appeared first on Kairos.
Housing Wire
MARCH 16, 2023
How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. The answer is simple: The best way to fight inflation long-term is to add more supply. Destroying demand is a short-term fix, but longer-term supply is the natural economic way.
GoForrmz
MARCH 20, 2023
Introduce digital forms to your agriculture operational processes Digital forms are revolutionizing the way growers and ag professionals are doing business. These forms offer a practical and effective alternative to conventional paper-based forms. From collecting critical information in the field to monitoring administrative paperwork in the office, digital forms have made the agriculture industry more precise in their data capture and efficient in their operations.
McKissock
MARCH 17, 2023
As an experienced appraiser, there are many reasons you may decide to take on a trainee. You might be looking to grow your business, delegate tasks (e.g., property inspections), or prepare for retirement. Whatever the reason, supervisors play an essential role in the training and development of future appraisers. Are you ready to take on the responsibility — and enjoy the potential benefits — of adding a trainee to your team?
Inman
MARCH 29, 2023
Although people have mixed feelings about social media, there's no denying that it's a valuable tool for marketing your business. Find out how agent Nikki Beauchamp puts it to work effectively.
Eyes on Housing
MARCH 6, 2023
Residential remodeling companies, just like any other private enterprise in a capitalist economy, exist to satisfy the demand of consumers for specific products or services in exchange for a rate of profit commensurate with the risk taken. Companies control when they enter or exit the industry, but their financial performance is intrinsically linked to external factors, such as the number.
Lamacchia Realty
MARCH 17, 2023
WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property. Understanding the difference between these two values can help you make informed decisions when it comes to buying or selling a property Assessed Value Assessed value is a value that is assigned to a property by th
Housing Wire
MARCH 21, 2023
Existing home sales had a huge beat of estimates on Tuesday. This wasn’t shocking for people who follow how I track housing data. To understand why we had such a beat in sales, you only need to go back to Nov. 9, when mortgage rates started to fall from 7.37% to 5.99%. During November, December and January, purchase application data trended positive, meaning we had many weeks of better-looking data.
GoForrmz
MARCH 1, 2023
The GoFormz team will be exhibiting at the New York Build Expo 2023! We couldn’t be more excited to be in attendance at the New York Build Expo at the Javits Center, on March 8 & 9, 2023. Do you have your tickets yet? New York Build Expo 2023 New York Build is attended by thousands of AEC & real estate professionals. The free to attend show features: 350+ incredible speakers across 12 tracks and AIA CES approved workshops, 300+ exhibitors, the USA's largest meeting of Women in Constructi
Clear Capital
MARCH 1, 2023
Live from ICE Experience 2023. ClearCast host Kenon Chen sits down with Stephanie Durflinger , SVP of Product Management at ICE Mortgage Technolog y. The pair discuss the market and how the industry is responding with automation and new, innovative solutions. Listen below! The post Conversations at ICE Experience 2023: Stephanie Durflinger, SVP, Product Management, ICE Mortgage Technology appeared first on ClearCapital.com, Inc.
Inman
MARCH 3, 2023
To help you avoid mistakes that will hamper your growth and damage your online presence, social media expert Katie Lance lays out the most common marketing myths and why they’re wrong.
Eyes on Housing
MARCH 7, 2023
While nationwide single-family housing starts have slowed in the past year, the largest drop on a percentage basis is occurring in the densest counties, due to high housing costs. Meanwhile, multifamily growth was robust throughout much of the nation at the end of 2022, with the notable exception in high-density markets, according to the latest findings from the National Association.
Lamacchia Realty
MARCH 27, 2023
The Real Trends 500 has released its annual list ranking the top 500 brokerages in the United States. This list uses data compiled from the previous year, 2022. Lamacchia Realty once again made the list in multiple categories! This is the seventh year in a row that the company has ranked. Lamacchia Realty was ranked 213th by Closed Transaction Sides for 2022 among the 500 largest brokerages in the United States.
Housing Wire
MARCH 24, 2023
ChatGPT , the AI chatbot, has taken the world by storm over the past few months. It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months. ChatGPT got to the first million users in five days. In two months after that, ChatGPT reached 100 million active monthly users. But first things first. What is artificial intelligence (AI)?
Buys Brokers Only LLC
MARCH 28, 2023
Whether you're a first-time home buyer, moving to Massachusetts , or you last purchased a home several years ago, you will want to educate yourself on the current state of the Massachusetts real estate market.
Eppraisal
MARCH 21, 2023
What is the American Dream if not a house and a yard at which to raise a family and enjoy the fruits of one's hard work? News outlets and policy makers talk much of how to make that dream more affordable for people. Meanwhile, realtors take pains to stage houses so that each one represents the dream. Lost in the shuffle, though, are those who erect the houses through the optimal combination of materials and labor.
Inman
MARCH 24, 2023
The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards. Terms of the contract were not disclosed.
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