Housing Wire

MARCH 10, 2022

On Thursday, the Bureau of Labor Statistics reported the same trend that all Americans have seen lately: the inflation rate of growth is rampant and doesn’t show any sign of easing up due to the Russian Invasion of Ukraine. The Consumer Price Index for all Urban Consumers “increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January… Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment.” As you can

Mortgage 543

Mortgage Inventory Property Taxes Housing Market 543

Sacramento Appraisal Blog

MARCH 15, 2022

It’s easy to get into valuation trouble when we focus too much on price per sq ft. Seriously, this can be a massive problem leading to major heartache during escrows. Okay, that sounds so dramatic, but it’s important to know how to explain how price per sq ft works. Let’s talk about this by using […].

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Real Estate Valuation Appraisal 463

Appraisal Buzz

MARCH 18, 2022

This content is password protected. To view it please enter your password below: Password: The post Protected: Accurity Consolidated Hires Tony Reese as Chief Production Officer appeared first on Appraisal Buzz.

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Appraisal 418

Eyes on Housing

MARCH 22, 2022

Among first-time home buyers, a laundry room ranked as the most popular of the more than 200 home and community features listed in the recent NAHB study, What Home Buyers Really Want, 2021 Edition. The study is based on a nationwide survey of 3,247 recent and prospective home buyers, including 541 who bought, or were about to buy, their first.

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Buyers 218

Urban

MARCH 11, 2022

New data show that landlords are increasing rental prices and instituting stricter screening criteria for renters, indicating a bleak rental market outlook for years to come.

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Landlords Marketing 187

DW Slater Company

MARCH 8, 2022

What is International Women’s Day? Today is International Women’s Day! This day was founded in 1910. It was Clara Zetkin, an advocate for women’s rights, suggested the creation of an international women’s day. This idea was shared at the International Conference of Working Women in Copenhagen in 1910 – and the 100 women there, from 17 countries, agreed to it unanimously.

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Appraisal Real Estate Business 163

Sacramento Appraisal Blog

MARCH 21, 2022

I have a few things on my mind today. Let’s talk about square footage rules changing, crazy gas prices, and recession buzz. 1) NEW SQUARE FOOTAGE STANDARDS FOR APPRAISERS: If you didn’t know, Fannie Mae is adopting some changes with the way appraisers measure square footage (pdf). In short, as of April 1, 2022, appraisers […].

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Appraisal Housing Market Buyers Marketing 462

Appraisal Buzz

MARCH 14, 2022

Appraisals for mortgage finance transactions are subject to many levels of scrutiny and review. Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. Once the AMC deems the report satisfactory, it is forwarded to their client, the lender. The lender will run the report through automated underwriting and may have a QC process of their own.

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Appraisal Contracts Mortgage Lending 397

Eyes on Housing

MARCH 30, 2022

Among first-time buyers, both a shower stall and tub in the primary bath ranked as the most popular of the 18 bathroom features listed in the NAHB study, What Home Buyers Really Want, 2021 Edition. The study asked first-time, as well as repeat, home buyers to rate the kitchen features on the following, four-tier scale (which emphasizes how a feature.

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Buyers 208

Raleigh Realty

MARCH 13, 2022

Where's the Best Pizza in Raleigh? Best Pizza in Raleigh? We have you covered. We know the rules too, unfortunately, we couldn't stop at just one slice. As a local real estate company it's part of our job to help keep you informed on the topics that matter to you most, that's why we are bringing to you 9 of the best pizza places in Raleigh There is an abundance of Pizza Restaurants in Raleigh that serve mouthwatering pies that can appease preferences of any kind Stick with us while we take you o

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Decorating Real Estate Transportation Construction 158

Appraiserblogs

MARCH 7, 2022

The study also shows the appraisal was the LOWEST scored item on the list of discriminatory practices… On February 23, 2022, NAR published the “2022 Snapshot of Race and Home Buying in America” report. The study examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market. Using data from the 2021 Profile of Home Buyers and Sellers, the report looks at the characteristics of who purchases homes, why they purchase, what they purchas

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Appraisal Housing Market Valuation Buyers 154

Housing Wire

MARCH 31, 2022

Are we headed to a housing bubble? The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. Housing Bubble. The online reaction was immediate — housing must be about to crash. I disagree with this conclusion. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble.

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Housing Market Mortgage Inventory Lending 529

Sacramento Appraisal Blog

MARCH 28, 2022

There’s a new bill in California called AB 1771 that proposes a 25% tax on the profit of home flippers. This is worth talking about because laws can affect the housing market. This is NOT a political post, but I want to talk about some of the issues involved and offer perspective based on stats […].

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Housing Market Law Marketing Real Estate 459

Appraisal Buzz

MARCH 29, 2022

PERSON OF THE WEEK: The shift to a purchase market, lenders’ re-expansion into niche products such as non-QM, and the reality of remote work and its impact on retention are among the topics covered by Brian Miller, senior vice president, talent acquisition for Planet Home Lending , in a recent interview with MortgageOrb. Q: What’s going on in the mortgage banking recruiting market right now?

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Appraisal Mortgage Lending Marketing 395

Eyes on Housing

MARCH 9, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019. The housing market remains underbuilt and requires.

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Construction Housing Market Marketing 198

Midtown Appraisal Group

MARCH 1, 2022

What you should know about the appraisal process We know that whether you’re a buyer or a seller, the appraisal process – especially for residential or agricultural properties – can be nerve-wracking. Here are answers to some of the questions we get asked most often. Why do I need an appraisal? Contrary to popular belief, […].

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Appraisal Appraisal Process Sellers Buyers 153

Raleigh Realty

MARCH 26, 2022

What Is A Buyer's Agent? What is a Buyer's Agent in Real Estate and do I need one when buying a home? We have all that answered and more If you are wondering if you should use a Buyer's Agent the answer is easy, yes. A Buyer's Agent in Real Estate is someone who helps homebuyers understand the local real estate market while finding a home that matches their criteria.

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Real Estate Agents Buyers Realtors 148

Housing Wire

MARCH 31, 2022

Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. The latest weekly Freddie Mac PMMS mortgage survey, released Thursday, showed that the average purchase mortgage rate touched 4.67%, up 25 basis points from the week prior. That was the highest reading since December 2018, according to Freddie Mac.

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Mortgage Inventory Loan Officers Supply Chain 516

Sacramento Appraisal Blog

MARCH 1, 2022

Does the housing market really have price cycles? Yes. But these cycles aren’t always so rigid and perfectly predictable like so many people think they are. Let’s talk about this today. I’d love to hear your take also. UPCOMING PUBLIC SPEAKING GIGS: 3/15/2022 NARPM Luncheon (details) 3/22/2022 SAFE Credit Union market update (details) 4/28/2022 SAR […].

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Housing Market Marketing Real Estate Appraisal 448

Appraisal Buzz

MARCH 31, 2022

Driven by strong demand and limited inventory, U.S. home prices increased 1.6% on an adjusted basis in January and were up 19.2% compared with January 2021, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The index’s 10-city and 20-city composites, measuring home price growth in the 20 largest U.S. metros, both posted month-over-month increases of 1.8%.

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Appraisal Inventory 370

Eyes on Housing

MARCH 16, 2022

The prices of goods used in residential construction ex-energy climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials prices increased 20.4%, year-over-year, and have risen 31.3% since January 2020. Over the past five months, the index has climbed 10.6%.

Construction 174

Construction 174

JMV Lending

MARCH 23, 2022

I lived in the same neighborhood for over 20 years and did hundreds of loans within the area – so I knew every nuance of the area. As a former appraiser and armed with my extensive neighborhood knowledge, I was often shocked by how wrong Zillow’s estimates were. Here are some of the things Zillow […]. The post #1 Factor Zillow Estimates Get The Most Wrong (Why We Need Appraisers) appeared first on JVM Lending.

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Appraisal Lending Home Value 148

GoForrmz

MARCH 22, 2022

Join the digital transformation movement and reap the benefits of enhanced professionalism, elevated data collection, and significant time and cost savings From job applications to rental applications, application forms can be found across every industry. While paper-based forms must be manually completed and delivered, digital and online application forms can be accessed, completed, and processed anywhere, anytime – even while offline!

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Business Clients 148

Housing Wire

MARCH 24, 2022

The one-two punch of higher mortgage rates and escalating home prices reduced homebuyers ’ ability to buy homes in February. The trend is also likely to worsen in the coming months. The national median monthly mortgage payment settled in loan applications increased 8.3%, from $1,526 in January to $1,653 in February, according to a survey published Thursday by the Mortgage Bankers Association.

Mortgage 515

Mortgage Loan Officers Housing Market Marketing 515

Sacramento Appraisal Blog

MARCH 8, 2022

Freakish price growth? Yes. That’s exactly what we’ve been seeing. Here we are again with what feels like a carbon copy of last year, which was our most aggressive market ever. In short, 2022 is doing its best to crush 2021. Let’s talk stats and perspective. I’d love to hear your take. UPCOMING PUBLIC SPEAKING […].

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Marketing Appraisal Housing Market 422

Appraisal Buzz

MARCH 30, 2022

Today’s Buzzcast interview is with Scott Reuter, Chief Appraiser of Freddie Mac. We sat down with Scott and Joan Trice, Founder of Allterra Group, LLC to discuss the new Desktop appraisal policies and what that means for the industry. What is new in policy when it comes to desktop appraisals? What does this mean for the appraisal industry? How do these policies impact the individual appraiser?

Appraisal 370

Appraisal 370

Eyes on Housing

MARCH 29, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs remained steady at 381,000 unfilled positions in February. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

Construction 170

Construction Housing Market Marketing 170

Chicagoland Appraisal Blog

MARCH 21, 2022

In March, I had the pleasure to join Attorney Peter Olson to talk about family law, divorces and home appraisals. We share insights and learning from our careers on family law and home appraisals during divorces. TRANSCRIPTION: If you’re buying, selling, divorcing, filing bankruptcy, fighting your property tax bill, etc…it’s super important to value your real estate correctly.

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Appraisal Real Estate Mortgage Tenants 148

Raleigh Realty

MARCH 14, 2022

Living in Wake Forest, NC Moving to Wake Forest? We have you covered with this guide below or click to check out the available homes for sale in Wake Forest as well as some of the town's best neighborhoods Wake Forest, NC - General Information Living in Wake Forest is wonderful. The town of Wake Forest, North Carolina is a northern Raleigh suburb with a location that allows easy access around the Triangle (Raleigh-Durham-Chapel Hill area).

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Realtors Realty Investing Construction 148

Housing Wire

MARCH 24, 2022

The U.S. Capitol building in Washington, D.C. The lack of appraisal data from the government sponsored enterprises took center stage at a Senate Banking Committee hearing Thursday on appraisal bias. Pennsylvania Sen. Patrick Toomey, the ranking Republican on the committee, said the recently released appraisal bias task force report did not settle the question of whether or not the problem is systemic.

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Appraisal Reconsideration of Value Valuation Appraisal Process 494

GoForrmz

MARCH 17, 2022

GoFormz Cares: GoFormz partners with the American Heart Association in support of their Hard Hats With Heart initiative We are proud to announce that GoFormz will be sponsoring the American Heart Association’s event, Hard Hats with Heart, taking place in San Jose, CA on April 21, 2022. The American Heart Association strives tirelessly to create a world filled with longer, healthier lives specifically through their Hard Hats with Heart event that is geared towards the construction industry and th

Construction 148

Construction Technology 148

Appraisal Buzz

MARCH 28, 2022

Appraising compliance with the American National Standard for Single-Family Residential Buildings. Fannie Mae has released further clarification on their announcement that they will be requiring appraisers to provide square footage calculations in accordance with the American National Standard for Single-Family Residential Buildings, the standard reference is ANSI Z765-2021.

Appraisal 370

Appraisal Inspection Mortgage Clients 370

Eyes on Housing

MARCH 2, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.3% in January after an increase of 2.2% in December 2021. Spending stood at a seasonally adjusted annual rate of $829.4 billion. Total private residential construction spending was 13.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

Construction 169

Construction 169

The Robert Weiler Company

MARCH 9, 2022

Sometimes it seems as if crystal ball predictions are as much a Q1 tradition as an end-of-year seasonal cheer. While it’s true that writing an outlook on the year ahead has become part of the ritual for many companies, such outlooks are, in fact, valuable. It is especially true if said previews are based in reality and not on the wish lists of what executives would like to see.

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Real Estate Supply Chain Appraisal Retail 148