Housing Wire
APRIL 25, 2023
Why are the homebuilder stocks up so much? Don’t they know the new home sales apocalypse is here? You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story.
Sacramento Appraisal Blog
APRIL 25, 2023
Leaving California. That’s a buzzworthy topic. Let’s talk about migration today. I have lots of visuals and a few resources to share in case you’re in a different state and looking for data. I’d love to hear your take in the comments. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market Q&A 12-2pm 5/10/23 Empire Home Loans event TBA […] The post Leaving California.
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Cleveland Appraisal Blog
APRIL 26, 2023
Hello friends! With a shortage of housing inventory persisting, some are resorting to building their own home. But to do so, you need land. This week, I welcome back guest blogger, Ashley Rodriguez with bins4less , who wrote this article for the Cleveland Appraisal Blog. I hope you enjoy it! Buying land can be a complicated and sometimes tiring process for an individual to take on all by themselves.
George Dell
APRIL 26, 2023
Current efforts in the regulation of appraisal quality and fairness are fettered by obsolete appraisal methods. Traditional appraisal methods were designed to tackle sparse, subjective, non-electronic data. These vintage practices enable bias, hinder diversity initiatives, and conceal risk quantification. We have written about the “Five Frictions” hindering improvement in regulated appraisal valuation.
Housing Wire
APRIL 23, 2023
Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago.
The Appraiser Coach
APRIL 25, 2023
If you’ve ever read about the 5 Love Languages by Gary Chapman, you know that, for must of us, there are particular things that make each of us feel loved.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
APRIL 24, 2023
Tools such as ChatGPT and DALL-E have opened the artificial intelligence floodgates and promise to permanently transform the way agents operate. But there's so much more to explore.
Housing Wire
APRIL 27, 2023
Being able to close on a home at any time on any day of the year has long been a pipe dream, but the Federal Reserve ’s new FedNow instant payment system looks to be making that dream a reality. However, before one gets too excited, the title insurance industry is asking if it really is worth sacrificing security for speed. “There is the obvious perceived benefit of faster payment and they are touting that it will be cheaper than wire transfers , and of course you no longer have to worry about m
Appraiserblogs
APRIL 25, 2023
Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years. Their latest twist is to re-categorize many appraisers as “Unlicensed Data Collectors.” Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home c
Eyes on Housing
APRIL 24, 2023
The retreat in mortgage interest rates during the first quarter of 2023 (from the 20-year peak reached in the fall of 2022) led a record share of adults in the US – 18 percent – to declare having plans to buy a home within a year – the largest share since the inception of this series in 2018. The finding.
Inman
APRIL 28, 2023
The event, which took place at The Wynn in Las Vegas, facilitated networking, relationship-building and education across about 3,000 of the brand's agents, brokers and staff.
Housing Wire
APRIL 27, 2023
For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, down 23.3% year over year. An index of 100 is equal to the level of contract activity in 2001.
Appraiserblogs
APRIL 28, 2023
Politicized boards and commissions with little accountability to the electorate want to deplatform these truth-tellers at every turn. This month, the U.S. Supreme Court dealt a blow to the Regulatory State. Financial analysts, fiduciaries, auditors and appraisers should take heart. Those targeted by a growing number of independent agencies, boards and commissions may now immediately challenge an agency’s constitutionality in federal court without having to submit to a drawn-out administrative p
Eyes on Housing
APRIL 28, 2023
Relatively lower interest rates (compared to fall 2022), slowing growth in home prices, and builder incentives are making an impact on buyers’ affordability expectations. In the first quarter of 2023, 73% of buyers reported being able to afford less than half the homes for-sale in their markets, down from a record high of 87% in the final quarter of 2022. .
Inman
APRIL 24, 2023
A new report by RE/MAX explores what's most important to today’s homebuyers and sellers, from their criteria for choosing a real estate agent to their adaptability for the future. The findings are valuable intelligence for agents and brokers alike.
Housing Wire
APRIL 25, 2023
New home sales posted yet another increase in March, rising 9.6% from February to a seasonally adjusted annual pace of 683,000 homes, according to data published on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). This is the fourth straight month of new home sales increases. On a year-over -year basis, however, new home sales are still down 3.4%.
GoForrmz
APRIL 27, 2023
Join the GoFormz team for a walkthrough of Calculation Fields Say goodbye to manual data entry and calculations with the GoFormz Calculation Fields. These fields go beyond simple mathematical equations, giving you the power to add conditional logic and custom behaviors to your form fields. Watch the full video to see a detailed walkthrough with GoFormz Product Manager, Summer Wilke, and Marketing Manager, Victoria Horn, to get started implementing Calculation Fields in your form templates today.
Eyes on Housing
APRIL 26, 2023
NAHB analysis of the most recent Quarterly Sales by Price and Financing report published by the U.S. Census Bureau reveals that the share of new home sales backed by FHA loans jumped from 8.4% to 11.7% in the first quarter of 2023. It is the largest share since 2007 but remains 30% lower than the post-Great Recession average. Conventional loans financed.
Inman
APRIL 24, 2023
When talking about luxury vacation homes, locations such as Wyoming's Teton County and Montana’s Bitterroot Valley may not be the first markets that come to mind, but there’s great value in hidden gems.
Housing Wire
APRIL 28, 2023
Wells Fargo and T.D. Jakes Group announced a 10-year partnership aimed at “revitalizing neighborhoods” and creating long-term change in communities most in need. The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners.
The Robert Weiler Company
APRIL 26, 2023
Any commercial real estate purchase is tough to make, but this especially rings true when deciding to buy Ohio farms for sale – requiring the buyer to decide after weighing many pros and cons. Farmland is valuable, so if you make the right decision, you may have gotten yourself a quality investment. But if you don’t consider all advantages and disadvantages, you may have bought yourself a headache.
Eyes on Housing
APRIL 27, 2023
In the first quarter of 2023, economic growth slowed to an annual rate of 1.1%, amid rising interest rates and an ongoing banking crisis. This quarter’s growth was dragged down by decreases in private inventory investment and residential fixed investment. Private inventory investment subtracted 2.26 percentage points off the headline growth rate for overall GDP, while residential fixed investment took.
Inman
APRIL 28, 2023
Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure and placed homebuyers on precarious hunts for affordable homes — even if they have to switch their area codes.
Housing Wire
APRIL 26, 2023
Your social media feed right now is probably abuzz with claims that the FHFA’s new loan level pricing adjustments (LLPAs) on conventional mortgages favor buyers with bad credit over buyers with great credit. “A 620 FICO score gets a 1.75% fee discount and a 740 FICO score pays a 1% fee” reads one screenshot from a Fox News segment making the rounds on social.
GoForrmz
APRIL 26, 2023
OSHA has increased violation rates in an effort to improve workplace safety The Occupational Safety and Health Administration (OSHA) is the federal agency in the United States that is responsible for ensuring safe and healthy working conditions for employees. In January 2023, OSHA announced a fierce new plan to address workplace safety concerns that would go into effect in March, notably including a significant increase to serious workplace safety violations from $14,502 to a maximum $15,625 fin
Eyes on Housing
APRIL 25, 2023
Lower mortgage rates and limited existing inventory helped to push new home sales up in March, even as builders continue to grapple with increased construction costs and material supply disruptions. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in March at a 683,000 seasonally adjusted annual pace, which.
Inman
APRIL 25, 2023
In advance of the brokerage's second annual BeCorcoran event, the president and CEO spoke with Inman about her thoughts on Corcoran's past, present and future and how the brokerage is meeting a shifting market head-on.
Housing Wire
APRIL 26, 2023
Arizona-based lender On Q Financial will form a multi-partner mortgage banking joint venture with HomeCo Partners , a consortium of real estate brokerages and a builder, HousingWire has learned. HomeCo Partners had created a JV with New Rez , which is permanently winding down. The JV, named Partners United Mortgage , has partners consisting of real estate brokerages and builders — including Dilbeck Real Estate in Pasadena, California; Lisa Burridge and Associate s in Casper, Wyoming; Rockford Ho
GoForrmz
APRIL 24, 2023
“ It just makes things more efficient, and more consistent. ” — Stacy Allen, National Sales Specialist, Quest Imaging Solutions Quest Imaging Solutions has become a recognized leader in the imaging equipment sales and service industry by providing affordable options and exceptional customer service for over three decades. Headquartered in Las Vegas, Nevada, the company’s primary initial mission was to provide high-quality refurbished C-arms to those in the medical industry at bud
Eyes on Housing
APRIL 26, 2023
Interest for new home construction was essentially unchanged between the final quarter of 2022 and the first quarter of 2023, as the share of prospective buyers looking to buy a newly built home barely edged from 20% to 21%. Meanwhile, the share interested in existing homes dropped from 39% to 37% during this period, while the share with no particular.
Inman
APRIL 25, 2023
As the battle for agent count stalls amid a slow market, firms such as Compass are seeing former agents, lured away by promises of better tech and more opportunities, come back into the fold.
Housing Wire
APRIL 26, 2023
With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. He’s been watching the spring homebuying season slowly pick up and buying leads through Zillow and Realtor.com. It’s a lot of work, and there’s no guarantee that they will pay off. “A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage.
The Robert Weiler Company
APRIL 22, 2023
Doesn’t it feel as if you only just moved into your current office? And already, here you are searching for the next perfect office space for rent in Columbus, Ohio to better suit your expanding team? Acquiring office space for rent in Columbus, Ohio has never been a smarter decision than now. Ohio is home to the headquarters of 27 companies on the U.S.
Eyes on Housing
APRIL 28, 2023
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.3% in March. The pace of personal income growth slowed after reaching a 0.8% monthly gain in October. Gains in personal income are largely driven by increases in compensation, personal income receipts on assets, and rental income. Real disposable income, income remaining after.
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