Sacramento Appraisal Blog

MARCH 21, 2023

The housing market is a mixed bag. It’s not always easy to understand what the market is doing right now. Today I have some thoughts about prices, Zestimates, and cash buyers. Scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 3/24/23 How to Think Like an Appraiser (at SAR) 3/28/23 Downtown Regional MLS meeting 4/1/23 NAA […] The post The housing market is a mixed bag first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Marketing Real Estate Appraisal 264

Housing Wire

MARCH 24, 2023

ChatGPT , the AI chatbot, has taken the world by storm over the past few months. It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months. ChatGPT got to the first million users in five days. In two months after that, ChatGPT reached 100 million active monthly users. But first things first. What is artificial intelligence (AI)?

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Loan Officers Legal Development Marketing 479

Real Estate News

MARCH 18, 2023

Wes Foster, known for his integrity and "larger than life presence," said he was most proud of growing Long & Foster from humble beginnings into a major player.

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The Appraiser Coach

MARCH 21, 2023

Today I’d like to share a principle with you that has changed my perspective. The principle is this: money is a tool. You could just stop reading right there. After.

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Tools Inspection Advertising Real Estate Agent 195

George Dell

MARCH 22, 2023

Everyone knows value. Of course! It’s easy! Value is what I can sell something for. Well, sorta. No, wait – value is what I am willing to pay for something. Editor’s Note: This is Part 2 of Market Value or Other Value. I have an apple. You want one. I threaten to take a bite […] The post Devalue Market Value? Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.

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Market Value Marketing Appraisal 195

Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. To my surprise, the top results did not link to economists expounding on the intricacies of home price fluctuations, the leading theories on avoiding overvaluation or pictures of stunt riders jumping over a canyon filled with printed PDF docs. (OK, throw that last one out.

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Appraisal Contracts Tools Valuation 450

Inman

MARCH 24, 2023

Never worry or wonder if you remembered to shut the garage door or lock the front door. With a system like Alarm.com, you can check in on a property remotely from anywhere in the world with an internet connection.

Design 176

Design Technology Agents 176

Eyes on Housing

MARCH 21, 2023

A brief drop in mortgage rates and a pullback in home prices boosted existing home sales in February, according to the National Association of Realtors (NAR). The 30-year mortgage rates averaged less than 6.3% in February per Freddie Mac and the median sales price in February posted the first decline since February 2012. The monthly increase in sales ended a.

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Realtors Mortgage Inventory 159

Housing Wire

MARCH 23, 2023

The Federal Housing Finance Agency (FHFA) announced proposed implementation timelines for the use of the FICO 10T and the VantageScore 4.0 credit score models by Fannie Mae and Freddie Mac. In concert, the government sponsored enterprises also plans to transition to two, rather than three, credit reports from the national consumer reporting agencies within a year.

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Government Finance Mortgage Marketing 441

Real Estate News

MARCH 20, 2023

Realtor membership went up a stunning 60% over the past decade, but declines are coming. It's time to talk about how to support the agents who stick around.

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Agents Brokerage Realtors 269

Inman

MARCH 24, 2023

The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards. Terms of the contract were not disclosed.

Contracts 172

Contracts Brokerage Agents 172

GoForrmz

MARCH 22, 2023

Everything you need to know about starting your transition to mobile forms Making the transition from paper-based documentation to digital data capture can feel daunting. Businesses often delay their search for a digital solution to paperwork due to the sheer number of perceived time and financial investments, including: Fear of disrupting workflows Difficult onboarding (including the costs of adopting a new system) Intimidating costs of solutions The need for IT or coding experience Although th

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Valuation Business Technology Investing 148

Housing Wire

MARCH 24, 2023

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. While the top four companies stayed at the top, eXp Realty displaced HomeServices of America , who had a stronghold on the No. 1 spot in transaction sides

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Brokerage Real Estate Realty Agents 441

Real Estate News

MARCH 22, 2023

The Federal Reserve increased its benchmark rate by a quarter point, which is likely to influence mortgage rates and slow homebuying activity this spring.

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Mortgage 258

Inman

MARCH 24, 2023

Getting featured in the press can be a game changer because, in addition to creating exposure, it also helps you become a recognized authority in your market. Marketing expert Jeremy Knauff provides a step-by-step strategy for connecting with members of the media.

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Marketing Agents 172

Eyes on Housing

MARCH 20, 2023

New NAHB 2023 Priced-Out Estimates show that 96.5 million households are not able to afford a median priced new home, and that additional 140,436 households would be priced out of the new home market if the price goes up by $1,000. This post presents details regarding how interest rates affect the number of households that could be priced out of.

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Marketing 145

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday. The bank crisis has also reduced the spread between conforming and jumbo loan rates.

Mortgage 432

Mortgage Government Investors Marketing 432

Real Estate News

MARCH 18, 2023

An agent's job is rarely just 9-5, and it can be hard to carve out time for breaks when clients are counting on you. But it's possible — and important.

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Clients Agents 262

Inman

MARCH 24, 2023

The search behemoth far and away led market share for search portals, drawing 44 percent of all real estate web traffic, but CoStar's Homes.com leaped by bounds last month, according to an analysis.

Real Estate 167

Real Estate Marketing Technology 167

Eyes on Housing

MARCH 22, 2023

The Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points but indicated that it was moving to a more data dependent mode as markets digest incoming risks for banks. The Fed is balancing two economic risks: ongoing elevated inflation and emerging risks to the banking system. Chair Powell noted that near-term uncertainty is high.

Marketing 129

Marketing 129

Housing Wire

MARCH 23, 2023

New home sales continued to rise in February, jumping 1.1% from January to a seasonally adjusted annual pace of 640,000 homes, according to data published on Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-over-year basis, however, new home sales are still down 19.0%. “New home sales increased in February for the third straight month, in a sign that the market may be stabilizing,” Kelly Mangold, the principal of RCLCO Real Estate Co

Buyers 410

Buyers Inventory Real Estate Development 410

Real Estate News

MARCH 24, 2023

Modern.tech launches software, partners with Relevate; SFAR partners wtih Zenlist; CubiCasa adds MLS partnership; Loft47 adds GPT AI; Revive wins ADDY awards.

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Inman

MARCH 23, 2023

Jarret Willis, a Black agent who worked at the Hamptons-based luxury brokerage, was smeared by epithets, including "Jafar" in reference to the "Aladdin" Disney movie, a white colleague claims.

Real Estate 167

Real Estate Brokerage Agents 167

Appraiserblogs

MARCH 22, 2023

At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations. Sometimes when the hair on the back of your neck stands up, there’s a reason for it.

Valuation 112

Valuation Appraisal Mortgage Marketing 112

Housing Wire

MARCH 22, 2023

The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin. The report is based on data collected by Redfin from county record across 40 of the most populous metropolitan areas. Redfin found that the typical U.S. homebuyer made a $42,375 down payment in January, the smallest typical down payment recorded in nearly two years.

Buyers 410

Buyers Sellers Mortgage Realtors 410

Real Estate News

MARCH 20, 2023

Lane, previously brokerage president of Sotheby's Realty, steps into the role vacated by Ryan Gorman in December.

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Realty Brokerage 276

Inman

MARCH 24, 2023

If writing a book seems like an impossible task, just know that it’s not. In the final part of this series, we look at how to write, what to write about, and who can help you make it more manageable.

Brokerage 161

Brokerage Marketing Agents 161

Riverfront Appraisals

MARCH 23, 2023

Legal Disclaimer stuff: I’m an appraiser. Not a tax attorney. If you need legal advice, don’t come to me. Go to your attorney. Good. That’s all. I was having coffee a few weeks ago with a friend, and we were exchanging various work stories when we found ourselves talking about complaints from homeowners. I said […] The post FAQ #12: How Will the Appraisal Affect My Property Taxes?

Property Taxes 93

Property Taxes Appraisal Legal Appraisal Process 93

Housing Wire

MARCH 22, 2023

The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike. “The U.S. banking system is sound and resilient.

Lending 410

Lending Housing Market Mortgage Marketing 410

Real Estate News

MARCH 18, 2023

When SVB collapsed, it created some not-so-wonderful thoughts of “It’s a Wonderful Life” for Josh Jensen, co-founder of proptech startup Inspectify.

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Inman

MARCH 22, 2023

A contracting market will place pressure on struggling startup entrepreneurs while some broker-owners use the down market as an opportunity to nail down a succession plan, analysts told Intel.

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Real Estate Contracts Marketing Brokerage 161

Appraiserblogs

MARCH 23, 2023

Mandatory completion of an initial fair housing course lasting 7 hours by January 1st 2025, as well as 4 additional hours every renewal cycle thereafter. Recently, the Appraiser Qualifications Board (AQB) has proposed new requirements for those looking to become an appraiser or renew their certification/license. These include mandatory completion of an initial fair housing course lasting seven hours by January 1st 2025, as well as four additional hours every renewal cycle thereafter if this bec

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Training Property Appraisal Appraisal Real Property 93

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HousingWire: How is today’s market shaping the need for a better customer experience particularly when it comes to closings?

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Insurance Property Taxes Buyers Clients 410

Real Estate News

MARCH 19, 2023

A new report from AREAA says Asian homeownership rates trail those of non-Hispanic whites and are comparable to equal-earning Black and Hispanic communities.

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