Sacramento Appraisal Blog

MAY 9, 2023

The housing market went from an ice bath to a bloodbath. That’s a good way to describe it as the contrast between the dull fall season and the spring has been striking. In today’s post I want to highlight national vs local stats, a dead cat bounce, and dive deeply into local trends. I hope […] The post The housing market went from an ice bath to a bloodbath first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Appraisal Real Estate Marketing 301

Housing Wire

MAY 10, 2023

Did you hear that sound? That’s the entire mortgage industry shouting, “hip, hip hooray!” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. The FHFA, which regulates Fannie Mae and Freddie Mac , had previously delayed implementation of the DTI LLPA from May 1, 2023 to August 1, 2023 following a chorus of upset fro

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Mortgage Realtors Logistics Investors 539

The Appraiser Coach

MAY 9, 2023

Averages rule the universe. You may be more familiar with this statement as the law of averages. Let me give you an example as a.

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Law Real Estate Agent Real Estate Appraisal 195

George Dell

MAY 10, 2023

Personal change is difficult. I like my old comfy chair. A new chair must be broken in. Uncomfortable! But the new chair does stuff. New stuff. It has automatic, adjustable features. It has memory foam, a heating pad, and hot and cold cup holders. And a remote control with 27 buttons which can control room […] The post Resistance to Change?

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Appraisal 150

Inman

MAY 8, 2023

It can be hard to know which type of photographer will show up at your property. Here are some best practices to ensure your listing (and your client) are set up for success.

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Real Estate Agents Clients 181

Housing Wire

MAY 10, 2023

The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve , which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price Index inflation report shows how the fear of 1970s-style inflation is wildly overblown. Today’s numbers don’t look like the 1970s at all, when rent, wages, and oil shocks sent inflation running hotter than anything we have seen in recent modern-day hi

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Mortgage Housing Market Marketing Modernization 536

GoForrmz

MAY 8, 2023

Digital forms for your small business In today’s tech space, small businesses are going digital, and it’s clear why. This mass digital transformation kicked off in 2020. Covid lockdowns had forced businesses and customers across the globe to go online. More small businesses than ever were going digital to survive. Mike Katz, executive Vice President of T-Mobile for Business wrote , “Before Covid-19, one small business in three had never made a digital sale.

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Inman

MAY 10, 2023

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

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Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Hopefully, this is just a blip, which can occur from time to time with weekly data. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

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Inventory Housing Market Mortgage Marketing 497

Eyes on Housing

MAY 11, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.2% in April 2023 (not seasonally adjusted). The index has gained 0.5%, year-to-date, which is the smallest April YTD increase since it climbed 0.3% over the first four months of 2020. The PPI for goods inputs to residential construction, including.

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Construction 142

Appraiserblogs

MAY 10, 2023

More and more appraisers are retiring every day. Aside from that more and more are changing to lower liability careers. Eventually, the opportunists who have been promoting the scam of racial discrimination by appraisers such as career politicians, and ‘anti-discrimination’ software hucksters like Black Knight will be shown to be what they truly are.

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Appraisal Law Government Training 124

Inman

MAY 11, 2023

The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4 percent to $156 next year.

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Realtors 160

Housing Wire

MAY 8, 2023

Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. Freddie Mac’s BorrowSmart Access program will be available to NewRez borrowers through Caliber Home Loans ‘ national network of branches.

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Mortgage Finance Lending Government 417

Eyes on Housing

MAY 9, 2023

According to the latest May 2022 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $54,540 and the top 25% make at least $77,030. In comparison, the U.S. median wage is $46,310, while the top quartile (top 25%) makes at.

Construction 131

Construction 131

Appraiserblogs

MAY 10, 2023

A bill being crafted by the New York state Senate’s Finance Committee would, in effect, place a $2,000 bounty on the head of any heretical real estate appraiser in the Empire State who dares conclude a value that fails to satisfy a seller, serial refinancer or commissioned broker in a deal. Vulnerable buyers, who could be paying off inflated loans based on coerced values, would simply have to live with it.

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Appraisal Real Estate Sellers Buyers 105

Inman

MAY 12, 2023

Moving Medicine Partners will launch as a national network of agents later this month with St. Louis relocation specialist Zoe Cangas leading the new initiative, Inman has learned exclusively.

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Agents Brokerage 156

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. We decided to rent a bigger home. I was beyond done. It wasn’t meant to be. The awards for entrepreneurship did not extend to quickly buying a home. My wife found a home with motivated owners due to a divorce.

Mortgage 402

Mortgage Marketing Realtors Sellers 402

Eyes on Housing

MAY 10, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending May 5th, total mortgage activity increased 6.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell two basis points to 6.48%. The FRM rate has risen 18 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

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Mortgage Marketing Lending Finance 127

Robinson Appraisal Group

MAY 8, 2023

Maryland inheritance tax is a tax imposed on the privilege of receiving property. The federal government does not have an inheritance tax, and only six states collect this tax. Maryland is one of those 6 states and Maryland also has an estate tax which is a tax imposed on the privilege of transferring property. Not exactly a perk for being a Marylander!

Real Estate 88

Real Estate Appraisal Legal Government 88

Inman

MAY 10, 2023

At NAR's midyear conference, Senior Counsel Chloe Hecht offered best practices to help navigate artificial intelligence without running afoul of copyright law or the Realtor Code of Ethics.

Realtors 156

Realtors Law Insurance Technology 156

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners

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Inventory Renovations Mortgage Buyers 403

Eyes on Housing

MAY 12, 2023

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories. Demand for RRE and CRE loans weakened across all categories over the quarter.

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Real Estate Lending Loan Officers Mortgage 123

Empire Appraisal Group

MAY 11, 2023

NEWS & MEDIA sturti, E+, Getty Images Source: Some Homeowners Regret Pandemic Purchases | Florida Realtors Some Homeowners Regret Pandemic Purchases By Devan Markham A number of people who bought homes during the bidding wars – often foregoing inspections and making offers sight-unseen – are discovering problems with the property. NEW YORK – Some homeowners who bought their homes during the pandemic say they are starting to feel some buyer’s remorse, especially those who bought their homes s

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Real Estate Inspection Sellers Realtors 78

Inman

MAY 9, 2023

The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025.

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Realtors Training Agents 156

Housing Wire

MAY 12, 2023

The Consumer Financial Protection Bureau (CFPB) filed a brief this week with the U.S. Supreme Court contending that its funding source does not violate the appropriations clause of the U.S. Constitution, despite a recent Fifth Circuit Court of Appeals ruling stating otherwise. With its brief, the CFPB is seeking to overturn the Fifth Circuit’s decision in Community Financial Services Association of America Ltd. v.

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Law Finance Government Design 390

Eyes on Housing

MAY 9, 2023

The NAHB’s Remodeling Market Index (RMI) survey has asked questions about Aging-in-Place (AIP) periodically, beginning in 2004. According to results from the Q1 2023 survey, 63 percent of professional remodelers undertake projects designed to allow homeowners to Age-in-Place, down from 77 percent in Q4 2018. This is the lowest percentage since the Q2 2006 survey (60 percent).

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Design Marketing 118

GoForrmz

MAY 10, 2023

Digital forms give you better control over your data Fillable PDFs may seem to be all the rage in simplifying your business paperwork, but they have their limitations. Yes, a fillable PDF can help save your company costs on paper and printing, and can even help organize your data capture. But if you’re going to make the switch from paper to digital, do yourself a favor and invest in a digital form platform from the start.

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Inventory Business Clients Investing 78

Inman

MAY 8, 2023

The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively.

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Buyers Investors Design Mortgage 156

Housing Wire

MAY 10, 2023

Dallas, Texas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. The transaction will ultimately result in the seller shutting down operations. Rumors that Mr. Cooper was interested in Ann Arbor, Michigan-based Home Point spread prior to the latter selling its wholesale origination business to The Loan Store on April 7 and were amplified after.

Mortgage 391

Mortgage Sellers Legal Inventory 391

Eyes on Housing

MAY 8, 2023

According to the Federal Reserve’s latest G.19 Consumer Credit report, the growth of total consumer credit outstanding slowed from 7.4% to 5.4% (seasonally adjusted annual rate) in the first quarter of 2023. Nonrevolving (excluding real estate debt) and revolving debt grew 3.1% and 12.3%, respectively, over the quarter. On an unadjusted basis, the level of nonevolving credit outstanding at the end.

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Real Estate Mortgage Finance 100

McKissock

MAY 11, 2023

All real estate appraisers must pass the National Uniform Licensing and Certification Examination as the final step toward earning their appraiser license. The exam is not easy. According to The Appraisal Foundation exam statistics for 2022 , 1 in 3 people fail the Licensed Residential exam and the Certified Residential exam on the first try. Here’s how to pass your appraiser license exam the first time.

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Appraisal Real Estate 86

Inman

MAY 12, 2023

Word of mouth (the digital kind) comes from online feedback in the form of reviews and testimonials. Find out how to gather and use good words from your past clients to attract your next ones.

Clients 156

Clients Agents Marketing 156

Housing Wire

MAY 11, 2023

The U.S. Department of Housing and Urban Development (HUD) on Thursday announced that it will be investing more than $837 million in funds from the 2022 Inflation Reduction Act and its own commitment authority to address energy costs and housing quality in underserved communities. The funding will be distributed through HUD’s Green and Resilient Retrofit Program (GRRP), which is designed to reduce greenhouse gas emissions, address climate resilience, as well as energy and water efficiency of HUD

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Investing Renovations Technology Design 389

National Association of Realtors

MAY 8, 2023

Proper documentation can help appraisers evaluate high-performance home features. From the 2023 REALTORS® Legislative Meetings in Washington, D.C.

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Appraisal Agents Realtors 91