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.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

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Appraisal Valuation Appraisal Process Technology 450

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. The answer was “It comes from many years of […] The post How Do You Pick Comps? Pt I appeared first on George Dell, SRA, MAI, ASA, CRE.

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Appraisal 370

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.

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Real Estate Appraisal Marketing Mortgage 233

Real Estate News

FEBRUARY 25, 2023

The popular AI tool can be a helpful starting point when writing content like listing descriptions or social posts. But it has its limitations.

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Agents Tools 272

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. Mortgage rates have trended up to over 7% while the 10-year yield has been around 4%, so everything is in the top-end range of my 2023 forecast.

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Mortgage Supply Chain Construction Marketing 441

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.

Investors 201

Investors Real Estate 201

Real Estate News

MARCH 1, 2023

The Agency extends global reach, BHGRE adds two affiliates, JPAR comes to the Bay Area, EXIT aims for "aggressive growth," KW agent opens boutique brokerage.

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Brokerage Agents 256

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. Here is a quick rundown from last week: Purchase applications fell 18% week to week and hit levels not seen since 1995.

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Housing Market Marketing Inventory New Listings 441

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.

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Real Estate Technology Brokerage 191

Padove Appraisal Service

FEBRUARY 27, 2023

Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc., is solely on the consumer and can become overwhelming. This blog post offers a guide to help you through the process.

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Appraisal Real Estate Real Estate Agent Legal 145

Real Estate News

MARCH 1, 2023

Building your SOI is critical to long-term success in real estate. Veteran agent Jay Thompson offers practical tips for growing and nurturing your sphere.

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Agents Real Estate 253

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. The most recent survey by Freddie Mac measured 30-year fixed-rate mortgages at 6.65% for the week ending Thursday, driven by the 10-year Treasury surpassing 4.0%.

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Mortgage Buyers Loan Officers Marketing 433

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.

Marketing 174

Marketing 174

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. At its core, the phrase is a call to examine oneself honestly and objectively. It asks us to step back from our assumptions, biases, and preconceptions and consider our behavior, choices, and beliefs in a critical light.

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Modernization Appraisal Law Valuation 125

Real Estate News

FEBRUARY 25, 2023

Relative to overall home values, Black home values fared well in recent years according to Zillow data. But the racial homeownership gap remains wide.

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Home Value 255

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% month-over-month increase in December , the Pending Home Sales Index rose 8.1% month over month in January to a reading of 82.5.

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Housing Market Realtors Contracts Buyers 424

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.

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Clients Realty Real Estate Agents 174

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. NOTICE OF CHANGE TO CORELOGIC DATA RETENTION POLICY Dear Trusted Provider, In careful consideration of requests from our clients as well as industry risk management best practices, CoreLogic is pleased to announce a change to its data retention policy.

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Appraisal Real Estate Clients Investing 117

Real Estate News

FEBRUARY 26, 2023

There's no quick-fix — your agent retention strategy should be as well-thought-out as your lead generation, training or sales programs.

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Agents Brokerage Business Training 266

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. However, even as existing home sales fell 17.8% year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% for the year as a whole, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday.

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Inventory Housing Market Contracts Realtors 404

Inman

MARCH 3, 2023

There are four stages in the listing process that offer unique opportunities to market both the listing and yourself, Jimmy Burgess writes. Here are 23 ways to turn your latest listing into multiple deals.

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Marketing Agents 165

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. These policies included the tax code section 25C credit for retrofitting/remodeling existing homes, and the 25D credit for the installation of power production property in new and existing homes. Taxpayers claim these residential energy credits using Form 5695.

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Buyers 116

Real Estate News

MARCH 3, 2023

Newly built homes continue to lose square footage. But agents see an upside for buyers seeking more affordable options.

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Agents Buyers 271

Housing Wire

FEBRUARY 27, 2023

Successful negotiation begins within. It may seem surprising, yet this is what we’ve found true in our experience at the junction between financial services and technology. The first step in securing the best outcome for yourself, your enterprise and the people you serve is to not talk yourself out of things. Yes, it might seem subtle, but it can be a challenge for most to see the limitations they impose on the conversations they conduct despite their negative impact on negotiating positive outc

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Modernization Finance Technology Mortgage 403

Inman

FEBRUARY 28, 2023

Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages.

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Mortgage Tools Buyers Real Estate 165

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. This is in their latest Selling Guide Announcement SEL-2023-02 to the Fannie Mae Selling Guide: Value acceptance + property data is a new option that utilizes property data collection by a third party who conducts interior and exterior data collection on the subject prop

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Training Valuation Appraisal Real Property 113

Real Estate News

FEBRUARY 27, 2023

At the National Association of Realtors, CEO Bob Goldberg champions the needs and interests of members that number 1.5 million.

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Realtors 261

Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement. UDC will provide fast and accurate collection of data, pursuant to Freddie Mac and Fannie Mae data standards, when lenders receive “loan eligibility for agency loan programs that allow for an inspection-based

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Modernization Appraisal Real Estate Valuation 393

Inman

MARCH 1, 2023

Think DIY is just for newbies to the real estate industry? Find out how you can bootstrap aspects of your business at any point — and how to decide which skills you bring to the table.

Real Estate 160

Real Estate Business Brokerage Agents 160

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.” While the Freddie Mac study finds no evidence of undervaluation, the NPR story about the study somehow does. Almost 30 years ago, Alan Sokal, now a professor of mathematics at University College London, perpetrated a memorable hoax.

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Home Value Appraisal Design Government 112

Real Estate News

MARCH 2, 2023

CoStar’s Andy Florance shared his vision and plans for Homes.com, which he said offers "a superior consumer experience" and is "better aligned" with agents.

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Agents 236

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. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 billion in 2022, up from the previous year’s $2.2 billion, largely due to improvement in tech that helped pick up market share from compe

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Mortgage Investors Development Investing 393

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.

Brokerage 160

Brokerage Agents 160

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. It’s what’s on most homeowner’s minds […] The post FAQ #9: How Long Does it Take To Get My Appraisal Back?

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Appraisal Appraisal Process Real Estate 100