Housing Wire
MARCH 1, 2023
Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.”
George Dell
MARCH 1, 2023
Ah, this is easy – pick comps! This was pretty easy, compared to the many other things I had to learn. It was a little harder than making adjustments though. For adjustments, I had an adjustment sheet. I foolishly asked how the numbers were arrived at.
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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.
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.
Housing Wire
MARCH 2, 2023
Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. And it could be a while before they tick back down, economists say. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 on Wednesday.
Eyes on Housing
MARCH 1, 2023
Private residential construction spending declined 0.6% in January, as spending on single-family construction decreased 1.7%. It declined on the eighth month in a row amid elevated mortgage interest rates. Moreover, private residential construction is 3.9% lower compared to a year ago.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
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.
Housing Wire
MARCH 1, 2023
For more than a decade, the HW Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries.
Eyes on Housing
FEBRUARY 27, 2023
Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that the multifamily market continues to have high demand with apartment completions reaching their highest level since the third quarter of 2021.
Riverfront Appraisals
MARCH 3, 2023
If you ask an appraiser, “what’s the most frequently asked question you get just as you’re about to leave a house”, I bet 99% of appraisers would respond with the following: Now, how long does it take to get the appraisal results back? Or some iteration of that question.
Inman
FEBRUARY 27, 2023
Taking an analog approach is a powerful way to focus the mind, reconnect with the body and devote full attention to the details of a particular client or task. For many, it also fuels creativity and helps them process and retain more information.
Housing Wire
MARCH 3, 2023
Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Put those disco pants back in the closet; this isn’t the 1970s, John, and the bond market has been saying this to anyone who would listen.
Appraiserblogs
FEBRUARY 27, 2023
The phrase “take a look in the mirror” is a common idiom used to encourage self-reflection and introspection. It is a powerful statement that can evoke a range of emotions and reactions from individuals, from contemplation to defensiveness.
GoForrmz
MARCH 1, 2023
The GoFormz team will be exhibiting at the New York Build Expo 2023! We couldn’t be more excited to be in attendance at the New York Build Expo at the Javits Center, on March 8 & 9, 2023. Do you have your tickets yet?
Inman
MARCH 1, 2023
With billions saved — and lost — Opendoor is living by the creed "go big or go home." Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes exclusively for Intel. Brokerage Inman Intel Technology Datadoor.io
Housing Wire
FEBRUARY 27, 2023
We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data.
Appraiserblogs
MARCH 2, 2023
CoreLogic is pleased to announce a change to its data retention policy. I received this notice from CoreLogic: Effective April 1, 2023, CoreLogic’s maximum storage commitment for appraisal and title data will be limited to 5 years.
Eyes on Housing
MARCH 2, 2023
In 2005, Congress established several energy-efficiency tax incentives related to housing that benefit new-home buyers and remodeling homeowners.
Inman
MARCH 3, 2023
To help you avoid mistakes that will hamper your growth and damage your online presence, social media expert Katie Lance lays out the most common marketing myths and why they’re wrong. Uncategorized debunked katie lance myths social media social media myths theme-month-202303
Housing Wire
MARCH 2, 2023
When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Rising rates caused refinances to dry up, production plummeted, and pink slips were issued to employees.
Appraiserblogs
MARCH 3, 2023
Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives. The fact is, Fannie Mae is explicitly working toward the elimination of appraisers for real property valuations.
Eyes on Housing
FEBRUARY 28, 2023
Residential construction loan volume reached a post-Great Recession high during the fourth quarter of 2022, as home building activity and new home sales remained below trend. Outstanding builder loan balances are rising as development debt is being held longer as new homes remain in inventory longer.
Inman
FEBRUARY 28, 2023
Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis's claims are "unsubstantiated, unwarranted, and disparaging."
Housing Wire
FEBRUARY 27, 2023
January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). After posting a 2.5%
Appraiserblogs
FEBRUARY 28, 2023
NPR topped the online edition of its article with the headline, “Black and Latino Homeowners are About Twice as Likely as Whites To Get Low Appraisals.” The problem? Freddie never called the appraisals “low.”
McKissock
FEBRUARY 28, 2023
As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” ” Respondents were allowed to make multiple selections and write in their own answers as well.
Inman
FEBRUARY 27, 2023
The news follows Bonner's recent decision just days earlier to merge the roughly 40-person RE/MAX Capital Realty, of which she was formerly broker-owner, with RE/MAX Alliance Group.
Housing Wire
FEBRUARY 28, 2023
Just two weeks after announcing the sudden retirement of longtime executive Jay Farner , Rocket Companies reported a fat financial loss in the fourth quarter of 2022, its largest ever. And things aren’t getting any easier in a depressed originations environment.
Eyes on Housing
FEBRUARY 28, 2023
Seasonally adjusted home prices continued to fall in December and have declined for six consecutive months due to high mortgage rates and economic uncertainty. Locally, all 20 metro areas, reported by S&P Dow Jones Indices, experienced negative home price appreciation in December.
McKissock
MARCH 3, 2023
Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates.
Inman
FEBRUARY 27, 2023
Following lawsuits in Pennsylvania, Massachusetts, Florida and Ohio, the brokerage is redrafting 40-year contracts that offer homeowners cash in exchange for exclusive rights to list their home. Brokerage Select homeowner benefit agreements MV Realty transaction broker
Housing Wire
MARCH 1, 2023
Higher mortgage rates have zapped mortgage demand, as buyers are having second thoughts about purchasing homes. Mortgage applications for home purchases dropped 6% for the week ending February 24 from the previous week, according to the Mortgage Bankers Association ’s seasonally adjusted index.
Empire Appraisal Group
MARCH 2, 2023
NEWS & MEDIA Andrii Yalanskyi/Getty Images Plus Source: Fla. Has 9 of 21 Top Overpriced Rental Markets | Florida Realtors Fla.
McKissock
FEBRUARY 28, 2023
As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” ” Respondents were allowed to make multiple selections and write in their own answers as well.
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