October, 2022

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Advice for Buyers & Sellers in Today’s Market

Ryan Lundquist

The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish. UPCOMING (PUBLIC) SPEAKING GIGS: 8/11/22 Realtist Lunch & Learn (sign up here (open to anyone)) 8/15/22 YouTube

Sellers 746
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7 Ways to Prepare for a Home Appraisal

Cleveland Appraisal Blog

Are you anticipating having your home appraised? How can you prepare for the inspection? This week I welcome back guest blogger, Betty White, who shares her thoughts on ways to prepare. While she is not an appraiser, I am, and I agree that these things can help!

Appraisal 306
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The case for mortgage rates to fall in 2023

Housing Wire

On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters.

Mortgage 426
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Head, Shoulders, Knees, and … Shoes?

The Appraiser Coach

Let’s talk about shoes. Now I know, you may not expect businessmen and professionals to talk about shoes. Surely, they have more important things to think about. Nevertheless, the. Read More.

Business 294
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The Psychology of Real Estate Market Cycles

Appraisal Buzz

Implicit in the term “cycle” is that the real estate market is constantly in a state of flux. Real estate market cycles are specific to a submarket and property type. It is also specific to classification (A, B, C, or D) within a property type within a submarket.

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Why the Asset Analyst Community?

George Dell

The Community of Asset Analysts (CAA) was officially founded in 2019, when we held the first meeting after Stats, Graphs, and Data Science 2 in Detroit, MI. Many of group’s leaders voluntarily attended to help and support what George Dell’s Valuemetrics.Info had been building for many years.

Appraisal 195

More Trending

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If You’re Using Zillow Sales to Price Per Square Foot…You’ll Probably Be Low!

Cleveland Appraisal Blog

Zillow has data that can be very helpful. I know, I know… In previous articles, I have exposed the lack of accuracy with their Zestimates. However, when it comes to a data source, I do find that Zillow offers great information for the public.

Clients 273
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What happens after the Fed’s rate hike?

Housing Wire

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

Law 411
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Type of Parking Facility of New Single-Family Houses Completed: 2021 Data

Eyes on Housing

A majority of new homes that completed construction in 2021 included two-car garages (67%), according to NAHB analysis of 2021 Census Bureau Survey of Construction data.

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The Two States of Anxiety for an Appraiser

Appraisal Buzz

The post The Two States of Anxiety for an Appraiser appeared first on Appraisal Buzz. Buzztoons

Appraisal 312
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Why is Data Science Used by Big Business?

George Dell

Why are so many business segments utilizing Data Science in their business decisions? These business segments include but are not limited to marketing, transportation, telephony, medicine, insurance, finance, entertainment and many others.

Business 195
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Home prices are close to dipping below last year

Sacramento Appraisal Blog

We are on the cusp of seeing year-over-year median price declines, so let’s talk about it. I wanted to share what looks to be on the horizon in the Sacramento area, and whether you’re local or not, I hope this is helpful.

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Advantages of Starting Your Business in Cleveland

Cleveland Appraisal Blog

This week I welcome back guest blogger Seth Murphey. In this article, he discusses the advantages of starting a business in Cleveland. I grew up in Denver, Colorado, and moved to Cleveland in 1996. Cleveland is an awesome place to live!

Business 195
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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline.

Inventory 418
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All-Cash New Home Sales Outnumber FHA-Backed for the First Time Since 2007

Eyes on Housing

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that new home sales financed through FHA numbered 11,000 and accounted for 7.5% of the total in Q3 2022–the smallest share since the fourth quarter of 2007.

Finance 143
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Never Too Late to Plan for Retirement

Appraisal Buzz

Today’s Buzzcast interview is with Jared Motzenbecker, Director of Wealth Services of Gulfside Wealth. We sat down with Jared and Joan Trice, Founder of Allterra Group, LLC, to discuss financial planning and the path to retirement. How late is too late to plan for retirement?

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Three Hundred Plus One?

George Dell

Three-Hundred plus One! Cyndi Law is our editor-in-chief, webmistress, and main force for Valuemetrics. She informed me, from the results of our internet provider’s SEO rules, that last week was our three-hundredth post!

Law 195
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The story of Zillow’s last house in Sacramento

Sacramento Appraisal Blog

Goodbye. Zillow sold their last house in Sacramento. After announcing failure as an iBuyer in late 2021, they recently got rid of their final unit. And the cherry on top is they sold this property to Opendoor. UPCOMING (PUBLIC) SPEAKING GIGS: 10/18/22 Orangevale MLS Meeting Q&A (9am) 10/20/22 How to Think Like an Appraiser (9am-12pm) (Sign […]. The post The story of Zillow’s last house in Sacramento first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Happy Halloween!

DW Slater Company

Happy Halloween! We wish you a safe and enjoyable Halloween. Enjoy these scary prior posts, just in time for Halloween! The Wylie Ax Murder House- Does Murder Impact the Value of Real Estate? HAUNTED HOUSES, HAUNTED REAL ESTATE. Haunted House Adjustments.

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Pending home sales are down 31% from last year

Housing Wire

Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors. This is the fourth consecutive month of declines.

Contracts 407
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More Buyers Taking a Look at New Construction

Eyes on Housing

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively.

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Appraising Well in a Fast-Changing Market

Appraisal Buzz

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Pretty much everything. Many appraisers working in today’s marketplaces are about to find out how important this is.

Appraisal 311
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Hybrid Appraisals and the Associated Risks

Boston Appraisal

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower.

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Who is buying in today’s housing market?

Sacramento Appraisal Blog

Nobody is buying today. Everyone has left the market. Or wait, I mean, it’s only buyers at the very highest prices who have backed off. No, maybe it’s first-time buyers who are getting crushed. There are lots of ideas floating around, so let’s take a look at some stats. I hope this is helpful, whether […]. The post Who is buying in today’s housing market? first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Women in appraising: Texas appraiser discusses challenges

Valuation Review

Women appraisers are making their presences felt in the industry. valuationreview caught up with Debby Watson Lawson, a certified residential appraiser from #meritappraisals of Texas. to discuss #hybridappraisals and the overall climate of the profession

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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. Image by Brandon Johnson/HW Media.).

Sellers 407
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Building Materials Prices Decline in September

Eyes on Housing

The prices of building materials decreased 0.3% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report. The PPI for goods inputs to residential construction, including energy, declined for the third consecutive month in September (-0.1%).

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What You Need to Know about Structural Risk

Appraisal Buzz

*The Appraisal Buzzcast Video will appear here at 5 am on 10/26*. Today’s Buzzcast interview is with Tom Winant and Alan Jeary of STRAAM Group. We sat down with Tom, Alan, and Joan Trice, Founder of Allterra Group, LLC, to discuss what the appraisal industry needs to know about structural risk.

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How Real Estate Appraisers look at Market Analysis

Valuation Nation

October 16, 2022. Woody Fincham, SRA, AI-RRS, ASA, RAA Member of RAC. How Real Estate Appraisers look at Market Analysis. To borrow a phrase from my friend, the real estate market has come to that, “Oh Shift!” time again. Nationally markets are tapering and changing.

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[Video] Key Takeaways From the GoFormz Q3 Office Hours Webinar 2022

GoForrmz

Watch the replay of our Office Hours webinar and catch up on the latest GoFormz features In this webinar, Kelsey Griswold, Sr. Director of Product Management, and Alicia Bryan, Director of Customer Success, explore some enhancements to the GoFormz platform.

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Turning a Corner- October Newsletter 2022

DW Slater Company

Happy October and Happy 8th Anniversary to our blog and 7th Anniversary of our newsletter. The first newsletter was published in September 2015.

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Housing completions key to lower mortgage rates

Housing Wire

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now.

Mortgage 396
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Single-Family Production Continues to Weaken in September

Eyes on Housing

Single-family housing starts declined further in September as high mortgage rates, ongoing building material production disruptions and flagging demand stemming from rising affordability challenges continue to put a damper on new home production. Overall housing starts decreased 8.1%

Mortgage 141
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See Your Home Haunted with this Site

Appraisal Buzz

This article was originally written on foxyai.com and can be found here. Halloween is here and has already taken over! With finding costumes, trick-or-treating, and haunted houses galore, why not join in on all of the fun? Take a picture of your house and make it the ultimate Halloween dream when you upload your picture here. With FoxyAI, you can upload a picture of your home and have it spookified!

Training 264