January, 2022

5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event.

New Home Construction Expectations for 2022

Appraisal Buzz

The housing market boomed in 2021 like few could have expected. What is on the horizon in 2022? Home prices are rising to record highs , and many policymakers and industry professionals have begun turning to building to ease shortages.

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When Money Makes Itself

The Appraiser Coach

Idaho is a gorgeous state! I live in the backyard of the Teton Mountain Range and Yellowstone National Park, and I love going to the hills. Hiking through groves of. Read More.

Real estate trends to watch in 2022

Sacramento Appraisal Blog

What’s the real estate market going to do in 2022? Let’s talk about some of the emerging trends. Scroll quickly or digest slowly. Anything to add?

4 Tips to Stay Organized While Working Remotely with Your Kids

Cleveland Appraisal Blog

Hello! I hope you’re having a great start to 2022! If you’re a regular reader of my blog, you know that I enjoy having guest bloggers write articles for the Cleveland Appraisal Blog. I’m also very appreciative for their doing so! I always enjoy the articles my guests write.

Stop Appraisal Obsolescence?

George Dell

Obsolescence, in appraisal education, is of three types: functional, physical, economic. If we are to stop the obsolescence of the appraisal ‘professional’ model, it may help if we look at the established body of knowledge with this in mind. Recall our context.

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These Are The Best Cities for Real Estate Investment

Appraisal Buzz

Due to the explosion of real estate prices over the past few years, more are looking to diversify their investments by expanding into real estate.

Don’t Be Alice!

The Appraiser Coach

In his classic novel Alice in Wonderland, author Lewis Carroll teaches an important principle through the character of the Cheshire Cat. Lost in the woods and faced with a crossroads, Read More.

The most aggressive housing market ever?

Sacramento Appraisal Blog

Was last year the most aggressive housing market we’ve ever had? I’m going to go out on a limb and say HECK YES based on the stats. But what do you think, whether you’re local or in a different market?

Skepticism Can Lead to Poor Decisions

Cleveland Appraisal Blog

Are you a skeptical person? At times, I suffer from moments of skeptical thinking. If you’re an appraiser, like I am, the nature of our work can at times cause us to become skeptical. A homeowner or agent may appear to exaggerate information they share about a home.

Is Appraisal Obsolete? – Regulations and Guidelines

George Dell

Government regulations should serve the public trust. How can this not work? Being government is not easy. There are always trade-offs. Sometimes, new regulations can solve problems; at other times they can embed old problems, or beget unintended consequences.

Home affordability plummeted in fourth quarter

Housing Wire

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said.

Institutional Investors Reach Seven-Year High in Home Purchases

Appraisal Buzz

With an emphasis on the Golden State, investors in 2021 comprised the highest share of single-family home and condo sales nationwide since 2013. The post Institutional Investors Reach Seven-Year High in Home Purchases appeared first on DSNews.

The Problem With Perspective

The Appraiser Coach

There’s a common theme that comes up a lot in my coaching, and that is overcoming the idea that people have of what is – or is not – possible. Read More.

Becoming a real estate meme & the top and bottom of the market

Sacramento Appraisal Blog

Do you ever feel like it’s going to be a good week? I’m definitely feeling that way as I finally got rid of a nagging cold that wouldn’t go away. I tested negative multiple times, so this really was a cold.

Building Materials Prices Increase 1.5% in December, Lumber Volatility at 75-Year High

Eyes on Housing

The prices of goods used in residential construction ex-energy climbed 1.5% in December (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was driven higher by large price increases for wood products.

Is Appraisal Obsolete: ? — User Expectations

George Dell

You’d think client/user expectation would follow wise professional leadership. Innovation and leadership in knowledge and education has declined. The profession and its key organizations have long lost their default position. Pride in designations are diminished.

Mortgage delinquency rate reaches prepandemic levels

Housing Wire

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8%

HUD Names Four to Housing Counseling Federal Advisory Committee

Appraisal Buzz

Addition of four new appointments brings Committee membership to full 12 members authorized by statute. The post HUD Names Four to Housing Counseling Federal Advisory Committee appeared first on DSNews.

What’s in Front of You

The Appraiser Coach

I call this the Bookstore Story, and it’s a story that I’ve told to my employees, my family, my friends, and even myself at times. It’s taught me some valuable. Read More.

Gentrification, neighborhood boundaries, and bias

Sacramento Appraisal Blog

Sometimes crossing the street can make all the difference for value. In short, if we don’t understand where a neighborhood starts and ends, we might choose the wrong comps. Let’s talk about that today. I welcome your constructive and thoughtful comments.

Impacts of Rising New Home Costs

Eyes on Housing

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic).

The Public Trust – A For-Real Goal?

George Dell

Resolved: To protect the overall public trust. The ostensible purpose of government is to serve the public good. Government regulators are charged with quite a responsibility. A difficult job. Politics, pulls, jabs, and pokes abound. Everyone has a different view. But is that a real goal for 2022?

FHFA hikes fees for high-balance and second-home loans

Housing Wire

The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio.

Protecting Condos as a Sustainable Housing Option

Appraisal Buzz

In the days following the tragic condo building collapse in Surfside, Florida, information emerged about known issues with that building.

Appraising in 2022! What Will It Be For You?

DW Slater Company

Happy New Year! As we begin a new year, I wanted to take a moment to discuss what that may mean. It seems that we don’t really hear much about “New Year’s Resolutions” anymore. Perhaps, it’s because they seem to be impossible.

How to Determine Adjustments

Riverfront Appraisals

For the past couple of years, I’ve been blogging about appraisal topics for various audiences. Most recently, I’ve focused on the homeowner and the loan officer. All throughout 2022, my focus will be on helping Realtors understand a little more about appraisals.

Existing Home Sales Strongest Since 2006 Despite Supply Limits

Eyes on Housing

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR).

12 Things to Know BEFORE Moving to Durham, NC

Raleigh Realty

Realty 124

FHFA to GSEs: Back to the drawing board on Duty to Serve

Housing Wire

A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income.

Legal 410

Foreclosures Hit 16-Year Low

Appraisal Buzz

Those who sold their homes realized record amounts of profit not seen since the housing boom in the 2000s. Two years ago before the pandemic, the average seller realized a profit of $55,000 after selling their home.

ASC Blaming Appraisers

Appraiserblogs

The Appraisal Subcommittee, because they were directed to do so, has produced a report, which frankly and explicitly lays the blame for low market values of homes in ‘communities of color’ directly at the feet of independent appraisers involved with mortgage lending.

January Newsletter- Happy 2022!

DW Slater Company

Ready or not 2022 is here! In this newsletter we get to share the complete numbers for 2021. This year was extraordinary with home price appreciation double digits in all our North Texas markets.

New Home Sales Increase in December

Eyes on Housing

New single-family home sales increased in December as housing demand was lifted by buyers accelerating some contract signings due to anticipated higher mortgage interest rates in 2022. However, for the year as a whole, sales ended 7.3%