Housing Affordability Hits Record Low but Turning Point Lies Ahead
Eyes on Housing
FEBRUARY 9, 2023
February, 2023
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Ban Multiple Regression?
George Dell
FEBRUARY 8, 2023
Multiple regression works very well under some conditions. We ask: Are these conditions true in most real property valuations? This is actually a vast topic, so we can only reflect on some of the conditions or assumptions which are required for a multiple regression to be valid.
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FHA makes 30 bps MIP cut, mortgage industry cheers
Housing Wire
FEBRUARY 22, 2023
The Federal Housing Administration (FHA) on Wednesday morning announced a 30 basis point reduction in the annual premium charged to mortgage borrowers. The cut, widely anticipated by the industry, will result in mortgage insurance premiums (MIP) of 55 bps for most borrowers, down from 85.
Sellers have been sitting out of the housing market too
Sacramento Appraisal Blog
FEBRUARY 7, 2023
There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.
Why You Should Hire Professionals to Measure Your Home
Cleveland Appraisal Blog
FEBRUARY 7, 2023
As a Home Measurement Specialist, this article is close to my heart! This week my regular guest blogger, Betty White from Moving Offices San Diego , offers some reasons why you should hire a professional to measure your home as well as to remodel it.
The Beginning of a New Life
The Appraiser Coach
FEBRUARY 28, 2023
Principles are tremendously important tools we can use in our lives to affect change. A principle is an eternal truth. It can be applied across all circumstances, all times, all.
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Measure the Neighborhood?
George Dell
FEBRUARY 15, 2023
Editor’s Note: This is Part 6 of the series on Neighborhood. We’re told we should analyze a neighborhood. This is mostly a residential concept. For non-residential appraisal the focus is often a “district” – a group of similar property uses. Rather than a group of complementary uses.)
Opinion: How the title industry protects homeowners
Housing Wire
FEBRUARY 23, 2023
When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders.
Prices went up & worst volume ever
Sacramento Appraisal Blog
FEBRUARY 27, 2023
Did prices really go up in February? What’s happening in this market? Today I have a few things on my mind. Scroll by topic or digest slowly. I hope this helps – whether you’re local or not. UPCOMING (PUBLIC) SPEAKING GIGS: 3/06/23 Matt the Mortgage Guy YouTube Live 3pm PST 3/09/23 Matt Gouge Event (sign up here) […] The post Prices went up & worst volume ever first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Reasons To Get An Appraisal
Padove Appraisal Service
FEBRUARY 24, 2023
There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.
The Hard to Find (Important) Details
The Appraiser Coach
FEBRUARY 21, 2023
I’ve recently been looking into real estate as an investor, and I found a rental property relatively close to my home that looked pretty promising. It was advertised as a.
A New Year Starts with Strong Gains
Eyes on Housing
FEBRUARY 3, 2023
Job growth rebounded in January. After declines for five consecutive months, total nonfarm payroll employment increased by 517,000 in the first month of 2023 and the unemployment rate hit a 53-year low at 3.4% as more people entered the labor market.
Market Target?
George Dell
FEBRUARY 1, 2023
Market, the word, is used over 2500 times in The Appraisal of Real Estate. And over 650 times in the current (2021-2024) version of USPAP. Market” must matter! But what is it? Market” has two main meanings which correspond to the definitions in The Dictionary of Real Estate Appraisal.
Wells Fargo conducts another round of layoffs in home lending business
Housing Wire
FEBRUARY 22, 2023
Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I
Looking out for two housing market bottoms
Sacramento Appraisal Blog
FEBRUARY 14, 2023
There is so much talk about the housing market bottoming out, and I want to give some perspective on what to watch for. I hope this helps.
How To Find An Appraiser
Padove Appraisal Service
FEBRUARY 27, 2023
Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc.,
Going All-in
The Appraiser Coach
FEBRUARY 14, 2023
I recently celebrated an exciting milestone. I have officially gone one full year without eating sugar! Now that’s not 100% – everything has sugar in it these days. But I.
Market Share of All-Cash New Home Sales Hits 32-Year High
Eyes on Housing
FEBRUARY 17, 2023
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that cash purchases made 11.2% of new home sales in the fourth quarter of 2022—the largest share since 1990.
CEO discusses ‘slowdown’ in commercial real estate appraising
Valuation Review
FEBRUARY 22, 2023
The status of commercial real estate appraising is examined. Valcre #commercialspacein2023 #appraisers
Housing Market Tracker: Inventory drops as mortgage rates move higher
Housing Wire
FEBRUARY 13, 2023
The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Here is a quick rundown from last week : Purchase application data had a 3% week-to-week increase.
The housing market is heating up & still frozen
Sacramento Appraisal Blog
FEBRUARY 21, 2023
The housing market is definitely heating up for the spring, but it still feels frozen with so many buyers and sellers sitting right now. I recently talked about sellers sitting out of the market, but today let’s look at buyers. UPCOMING (PUBLIC) SPEAKING GIGS: 3/06/23 Matt the Mortgage Guy YouTube Live 3pm PST 3/09/23 Matt Gouge Event […] The post The housing market is heating up & still frozen first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
The Real Cause of the Home Value Gap Is the Income Gap
Appraiserblogs
FEBRUARY 13, 2023
Blaming appraisers for the income gap will never solve the real underlying problem… Blaming appraisers for the income gap is as ridiculous as blaming appraisers for gun violence and gas prices. I watched the January 24, 2023 ASC Appraisal Bias hearing. Comments were requested after the hearing.
When You’re Up A Creek, Cross It
The Appraiser Coach
FEBRUARY 7, 2023
We often have experiences that teach us principles of life or business—or in this case, both. And the power of an analogy is such that it can apply to a.
Cautious Optimism for Builders in February
Eyes on Housing
FEBRUARY 15, 2023
Two consecutive solid monthly gains for builder confidence, spurred in part by easing mortgage rates, signal that the housing market may be turning a corner even as builders continue to contend with high construction costs and building material supply chain logjams.
Assistance options expanding for mortgage payments
Valuation Review
FEBRUARY 15, 2023
Loss mitigation options for borrowers struggling to pay their Federal Housing Administration-insured mortgages #FederalHousingAdministrationinsuredmortgages
New home sales continue to climb in 2023
Housing Wire
FEBRUARY 24, 2023
New home sales started off 2023 on a positive note, rising 7.2% from December to a seasonally adjusted annual pace of 670,000 homes, according to data published by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday.
More homebuyers are blaming their agents — and hauling them to court
Inman
FEBRUARY 21, 2023
Even though the extreme seller's market is in the rearview mirror, disgruntled clients have been filing more lawsuits against their agents, according to an analysis by Victor Insurance Managers.
Fastapp AMC Alleged Violations of AIR
Appraiserblogs
FEBRUARY 1, 2023
The following court documents in the case Naftali Horowitz v. Nicole Andrews, Fastapp AMC founder v.
FAQ #5: What is an Appraisal Waiver?
Riverfront Appraisals
FEBRUARY 1, 2023
Appraisal waivers have been around for quite some time now, but have really gained serious traction just in the past few years. I realize that some may not be familiar with the term, or its dangers, so in this short post, I’ll cover both.
Age of Housing Stock by State
Eyes on Housing
FEBRUARY 7, 2023
According to the latest data from the 2021 American Community Survey (ACS), the median age of owner-occupied homes was 40 years. The age of the housing stock is an important remodeling market indicator.
Market Still Strong as Low Inventory Persists- February Newsletter
DW Slater Company
FEBRUARY 23, 2023
It’s hard to believe that it has been 2 years since we experienced the great Texas Winter Storm when the Texas power grid failed and we went several days without power in our Texas homes that are not built to keep heat.
The homebuilders got lucky this time
Housing Wire
FEBRUARY 16, 2023
Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. There is one simple reason for this: it’s not 2008.
Investor activity slows, still makes up 1 in 4 homes sold in US
Inman
FEBRUARY 28, 2023
New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That's up from about 11 percent in 2001.
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