Appraisal Buzz

FEBRUARY 28, 2022

“We tend to overestimate the effect of a technology in the short term and underestimate the effect in the long term.” This is the little-known Law of Amara that describes how we perceive the impact of new technology on our lives. Before we discuss the impact of technology on the future of appraisal data, it’s good to get a historical perspective. Forty years ago, appraisers were storing property data on Property Cards.

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Appraisal Inspection Technology Training 482

Housing Wire

FEBRUARY 24, 2022

Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. During large-scale disruptions, investors often flee to safer options, such as U.S. Treasury notes, bonds and mortgage-backed securities. All things being equal, that dynamic tends to put downward pressure on mortgage rates.

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Mortgage Insurance Investors Housing Market 473

Sacramento Appraisal Blog

FEBRUARY 22, 2022

The market is going to crash. This time it’s going to be even worse. Have you been seeing more doom and gloom housing headlines? I sure have. This week I’ve had quite a few articles emailed to me. What do you think of this one? What do stats actually show? What do I say to […].

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Real Estate Marketing Housing Market Appraisal 446

Eyes on Housing

FEBRUARY 15, 2022

The prices of goods used in residential construction ex-energy climbed 3.6% in January (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was led higher by a 25.4% jump in softwood lumber prices and 9.0% price increases for indoor and outdoor paint. Building materials prices increased 20.3%, year-over-year, and have.

Construction 201

Construction 201

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' and in order to answer that question, you need to understand how Real Estate Agents make money. How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. Your gross income is different than your net income, so make sure you're tracking your expenses.

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Real Estate Realtors Real Estate Agent Agents 158

Urban

FEBRUARY 10, 2022

There’s a great need for more housing and homeownership in Los Angeles. Increasing the supply of low-density infill housing through zoning reform is an important step, but the city requires additional policies to ensure racial and economic inequities don’t widen.

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Housing Wire

FEBRUARY 3, 2022

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb. 11. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications.

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Sacramento Appraisal Blog

FEBRUARY 1, 2022

Do you smell that? It’s price growth. The market is rising, which is normal for January. But this year it feels extra aggressive. Let’s talk about it. Scroll quickly or digest slowly. UPCOMING PUBLIC SPEAKING GIGS: 2/9/2022 Yolo Associaton of Realtors market update (details) 2/18/2022 WCR El Dorado County market update (details) 2/25/2022 Placer Association […].

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Housing Market Marketing Realtors Buyers 387

Eyes on Housing

FEBRUARY 3, 2022

Most analyses of lumber price trends and levels fail to account for inflation because the price data for softwood lumber used in framing applications is generally quoted using the Random Lengths Framing Lumber Composite Price or lumber futures prices–neither of which is inflation-adjusted.

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Raleigh Realty

FEBRUARY 2, 2022

Negotiating Repairs After a Home Inspection What fixes are mandatory after a home inspection? Is the seller not willing to negotiate repairs? Here are strategies to help with your requests for negotiating repairs after a home inspection Negotiating repairs after a home inspection doesn't have to be difficult, especially when you follow these 7 tips When an offer is accepted on a home, it can be easy for both buyers and sellers to feel that they’re at the end of the finish line.

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GoForrmz

FEBRUARY 28, 2022

Leverage mobile forms to boost efficiency across departments If your team is still utilizing paper forms then they are most likely faced with significant challenges when filing, storing, and analyzing forms and data. The process of filling out paper forms and then rekeying information into internal systems is not only time-consuming but costly. Wasted time spent on the manual storage of paper forms can be better spent on more important tasks.

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Appraisal Buzz

FEBRUARY 25, 2022

The number of newly listed homes for sale during the four weeks ending February 20 was down just 2% year over year, according to a new report from Redfin. That’s the smallest decline since mid-November. More new listings were met with hearty demand. Pending sales rose 1%, the first increase since mid-January. The market again set new record highs for home sale prices, asking prices, buyers’ mortgage payments and the share of homes selling.

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Housing Wire

FEBRUARY 24, 2022

Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If you read our SPAC filings,” Opendoor co-founder Keith Rabois, who is no longer part of company leadership, tweeted in November , “We explained how our algorithms actually work vs.

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Investors Real Estate Inventory Brokerage 432

McKissock

FEBRUARY 16, 2022

When you’re selling your home it can be tempting to try and go it alone. Maybe you don’t want to work with a real estate agent to try and save some money, or you just think it won’t make much of a difference. There are a lot of people who do try to sell their homes on their own and when you’re watching the success stories on TV or reading them online it’s easy to think there’s nothing to it.

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Eyes on Housing

FEBRUARY 14, 2022

NAHB recently released its 2022 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 87.5 million households (roughly 69 percent of all U.S. households) are not able to afford a new median priced new home in 2022, meaning their incomes are insufficient to qualify for a mortgage under standard underwriting criteria. .

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Mortgage 181

Raleigh Realty

FEBRUARY 19, 2022

How to Find Property Lines Searching for a property lines map? Want to know how to find your property lines for free? We are going to go over some tips and tricks to help you find your property lines online for free, using satellite maps, as well as when it's time to hire a professional to help you find your property lines. Wondering how to find your property lines?

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GoForrmz

FEBRUARY 3, 2022

Seamlessly collect and store data with these digital work order template features. Work orders are a critical part of collecting real-time data for your business operations. With paper forms, your team is left with messy, disorganized, and inaccurate forms and fragmented information. By digitizing your work orders, you will not only save time and money but also improve the quality of collected data and elevate your client-facing documents to be more professional and efficient.

Business 147

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Appraisal Buzz

FEBRUARY 18, 2022

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2022 shows mortgage applications for new home purchases decreased 12.5% compared from a year ago. Compared to December 2021, applications increased by 10%. This change does not include any adjustment for typical seasonal patterns. “Purchase applications for new homes fell on an annual basis in January, but the 10 percent monthly gain is a positive sign to start the year.

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Mortgage Appraisal 370

Housing Wire

FEBRUARY 22, 2022

The S&P CoreLogic Case-Shiller 20-city price index posted a 18.6% year-over-year gain in December, up marginally from 18.3% the previous month. The index increased 1.5% from November 2021. The national home price index showed similar helium, with an 18.8% growth rate between December 2021 and December 2020, basically in line with price growth in November.

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Inventory Finance Buyers Mortgage 421

Hank Miller Team

FEBRUARY 8, 2022

So what happens if the appraisal is below contract price? The early '22 market is already showing it'll be as tight or tighter than the '20 & '21 markets, buyers are tossing off all constraints to "win" the beauty contest of buying a home. Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

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Contracts Appraisal Sellers Buyers 98

Eyes on Housing

FEBRUARY 1, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% in December after an increase of 0.7% in November 2021. Spending stood at a seasonally adjusted annual rate of $810.3 billion. Total private residential construction spending was 15.0% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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Construction 180

Raleigh Realty

FEBRUARY 19, 2022

Buying a House in Raleigh, NC? What you Must Consider: If you're buying a home in Raleigh, NC there are things you must consider BEFORE you start searching for homes for sale in Raleigh. One of the largest reasons some buyers walk away from a home purchase feeling remorseful is because they don't consider everything about purchasing real estate before they jump into it.

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HOA Real Estate Buyers Construction 148

GoForrmz

FEBRUARY 7, 2022

Don’t recreate the wheel – leverage a familiar interface for your team’s data entry forms app In today’s business world, data is a critical element of any operation. Data is used to manage projects, understand a customer client base, build reports, and operate businesses. But capturing data collected from the field or on a paper form adds obstacles to those trying to input data into existing data entry systems.

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Appraisal Buzz

FEBRUARY 2, 2022

[link]. Today’s Buzzcast interview is with Jody Bishop, the new President of The Appraisal Institute. We sat down with Jody and Joan Trice, Founder of Allterra Group, LLC to discuss what the outlook for the Appraisal Institute is for 2022 and what appraisers can expect from their initiatives. What are some of the changes in store this year for The Appraisal Institute?

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Appraisal Valuation 370

Housing Wire

FEBRUARY 17, 2022

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. 17, up 23 basis points from the previous week. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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Mortgage 421

Lamacchia Realty

FEBRUARY 10, 2022

Lamacchia Realty is famous for its marketing, but few know what goes on behind the scenes. The Lamacchia Realty marketing department is constantly working, and one staff member, in particular, goes above and beyond, day in and day out. Lamacchia Realty’s Unsung Hero of 2021 is Victoria Maguire. Victoria has been a Marketing Coordinator with Lamacchia Realty since May 2019, supporting the REALTORS out of the Hudson, Fort Lauderdale, Waltham, and Worcester branch offices with their marketing

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Realty Realtors Marketing 74

Eyes on Housing

FEBRUARY 22, 2022

National home prices grew at an unsustainable pace in December, supported by strong demand and record-low inventory. Home price appreciation is expected to slow in the coming quarters as rising mortgage rates price some homebuyers out of the market. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual.

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Inventory Mortgage Marketing Construction 170

Raleigh Realty

FEBRUARY 4, 2022

What is Dual Agency in Real Estate and Should you Avoid it Most buyers and sellers are familiar with how listing agents and buyer’s agents work which leads us to the question of what is dual agency in real estate? Dual agency isn’t particularly common, but it does tend to happen from time to time, so it is always best to be informed on the intricacies of this transaction type.

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Real Estate Real Estate Agent Sellers Agents 148

Mashvisor

FEBRUARY 23, 2022

When it first appeared, Airbnb was an innovative business model that disrupted the entire hotel industry in the years to come. It prompted questions such as “What is Airbnb?

Business 69

Business Investors Real Estate 69

Clear Capital

FEBRUARY 28, 2022

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY. Jeff and Kenon talk about mortgage rates, refinancing, and mortgage delinquency. Then, they interview the co-founder and CEO of Willow Servicing , Laura Cain, to discover how Willow Servicing is streamlining mortgage servicing. Watch ClearCast E25. Listen to ClearCast E25.

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Mortgage 69

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. Even though the recent existing-home sales data has been outperforming my expectations , the pending home sales data to me looks more in line with my expectations for 2022. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported.

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Inventory Housing Market Realtors Marketing 409

Lamacchia Realty

FEBRUARY 1, 2022

HOW TO BUY & SELL AT THE SAME TIME. Buying a new home before selling your current one Homeowners need to remember what is most important in this transaction: getting the most money for your home and buying the property you truly want for the best price you can. Many homeowners aren’t always able to qualify for a mortgage on a new home until they sell their current home.

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Eyes on Housing

FEBRUARY 8, 2022

Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low. The likelihood of higher interest rates in the months ahead (as the Federal Reserve moves to tighten interest rates) along with ongoing production challenges threaten to drive housing affordability even lower in 2022.

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Supply Chain Construction 159

Raleigh Realty

FEBRUARY 26, 2022

17 Best Restaurants in Durham, NC WARNING: Your mouth may begin to water after reading about the best restaurants in Durham, NC Our website is focused on real estate and helping people find and sell great homes in Durham however we are pretty good at helping you find the best restaurants in the area as well Our blog is a great place for us to offer a local's guide into many of the things that make Durham great, including restaurants.

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