Housing Wire
SEPTEMBER 27, 2023
After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Over the past year, the value of the U.S. housing market has surged by more than $2.6 trillion.
Sacramento Appraisal Blog
SEPTEMBER 27, 2023
Travis Kelce, Taylor Swift, and mortgage rates. So much drama this week. Let’s talk about it. Today I have some thoughts about believing the Fed, Chuck Norris, and building a bigger network. This post is all over the place, but hopefully something resonates. UPCOMING (PUBLIC) SPEAKING GIGS: 9/28/23 Yuba City Big Market Update (in Yuba […] The post Chuck Norris eats 8% rates for breakfast first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Real Estate News
SEPTEMBER 26, 2023
Industry heavyweights — and former rivals — Spencer Rascoff and Glenn Kelman addressed some of the toughest issues facing real estate in a lively discussion.
George Dell
SEPTEMBER 27, 2023
We’ve seen the standard which requires an appraiser to use ‘correct’ methods (whatever those may be). And which also requires the appraiser to use ‘sufficient’ care (whatever that is). All part of the legacy USPAP Uniform Standards of Professional Appraisal Practice. Be correct and be careful! Editor’s Note: This is Standards, part 3.15 of George […] The post Correct Methods or Sufficient Care?
Housing Wire
SEPTEMBER 29, 2023
Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% of U.S. homes for sale posted a price cut during the four weeks ending September 24, up from 5.8% the month prior. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research.
Inman
SEPTEMBER 25, 2023
Across the real estate sector, multigenerational living has emerged as a beneficial solution for many families. As the older generation ages, they’re cared for by loved ones. Younger generations are supported by their parents in sharing the costs and responsibilities of homeownership, and grandparents are available to help raise grandchildren.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Eyes on Housing
SEPTEMBER 29, 2023
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $132 billion in taxes were paid by property owners in the second quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q2 2023, state and local governments collected $727 billion of property tax revenue—a 7.4% increase over Q2 2022. The year-over-year growth rate of.
Housing Wire
SEPTEMBER 26, 2023
After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% compared to July , reaching a seasonally adjusted annual rate of 675,000. On a year-over-year basis, new home sales were up 5.8%.
Inman
SEPTEMBER 29, 2023
It takes a highly qualified real estate agent to perform at the level that some of the world's wealthiest celebrities demand. Here are the top ones serving Hollywood, according to "The Hollywood Reporter.
Real Estate News
SEPTEMBER 24, 2023
The latest installment of Zillow's annual trends report offers insights into prospective buyers' needs and motivations, and how agents can add value.
DataMaster
SEPTEMBER 29, 2023
TROY, MI — Sept. 29, 2023 – Class Valuation is pleased to announce that Jennifer Tossavainen has joined the company as managing director of DataMaster, the gold standard for property data management software. In this role, Tossavainen will oversee DataMaster’s day-to-day operations, implement strategies to enhance efficiency, and build upon the company’s vision to grow a technology platform that modernizes the appraisal space.
Housing Wire
SEPTEMBER 24, 2023
Mortgage rates shot up last week after a hawkish Federal Reserve meeting, even though they didn’t raise rates. In addition, jobless claims data had another solid print, showing that the labor market hasn’t broken yet, which led to more selling of the 10-year yield. Mortgage rates did find some relief on Friday as bond yields headed lower. On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip.
Inman
SEPTEMBER 23, 2023
As a new agent, it can be hard to separate fact from fiction, coach and author Darryl Davis writes. Find out what's no longer true so that you can chart a course for your career.
Real Estate News
SEPTEMBER 29, 2023
Chief Growth Officer Michael Valdes says eXp doesn’t “recruit” agents in a transactional sense, but seeks to “attract” for long-term growth and success.
Appraiserblogs
SEPTEMBER 29, 2023
Fannie Mae Continues Their Effort To Get Rid Of Appraisers: Sends “Tips” For the past year, Fannie Mae has sent unsigned complaints to state appraisal boards; when they see something they don’t like, they write it up and send it to the state. In their recent newsletter, this effort is called “Tips.” They emphasize they are not automated: LQC reviews are not automated.
Housing Wire
SEPTEMBER 28, 2023
Mirroring the trend for new home sales , pending home sales fell 7.1% in August, according to data released Thursday by the National Association of Realtors (NAR). All four regions of the U.S. posted month-over-month and year-over-year declines in transactions. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.
Inman
SEPTEMBER 25, 2023
The 2023 real estate market has been a bit of a conundrum for agents and brokerages. Mortgage rates are high, listing prices are elevated, and housing inventory is limited. Construction of new homes is largely stalled or at least not meeting the high demand, and many homeowners who locked in record-low interest rates during the pandemic simply aren’t willing to leave their homes and sell.
Real Estate News
SEPTEMBER 29, 2023
A jury decided that Zillow did not harm The Real Estate Exchange, known as REX, by moving its listings to a secondary tab with less traffic.
Eyes on Housing
SEPTEMBER 26, 2023
Consumer confidence saw another decline in September as consumers expressed growing concerns about the future, primarily driven by persistent inflation and expectations of higher interest rates lasting for an extended period. The Consumer Confidence Index, reported by the Conference Board, fell 5.7 points from 108.7 to 103.0 in September, the lowest level since May 2023.
Housing Wire
SEPTEMBER 28, 2023
Real estate media just got funnier as Actually Agents will join The Broke Agent within BAM , a real estate media company. While continuing to operate independently, Luca Alboretti of Actually Agents and Eric Simon of The Broke Agent will “collaborate to produce funny and engaging content that both entertains and educates real estate professionals,” BAM announced in a press release Thursday.
Inman
SEPTEMBER 28, 2023
Artificial intelligence tools like ChatGPT provide unprecedented leverage when you know how to use them effectively. Jimmy Burgess and Andy Beal offer strategies to help you make the most of this game-changing tech.
Real Estate News
SEPTEMBER 28, 2023
Even as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market.
Empire Appraisal Group
SEPTEMBER 28, 2023
NEWS & MEDIA Solidago / Getty Images Source: [link] Cars Could Power Homes After a Hurricane By Kerry Smith By 2026, GM says all its Ultium-based electric vehicles will have bidirectional charging – to be charged at home but also send power back to the house if needed. DETROIT – Floridians avoiding electric cars may have a better reason to get one after 2026 when they could essentially also do double duty as a generator if the power goes out.
Housing Wire
SEPTEMBER 28, 2023
Mortgage rates climbed again this week as investors braced themselves for ‘higher-for-longer’ conditions following last week’s Fed meeting. Additionally, the yield on 10-year treasuries shot up to 4.6% on September 27 from 4.3% a week prior. Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. 28, up 12 basis point from last week ’s
Inman
SEPTEMBER 25, 2023
The luxury magazine with a distribution of about 35,000 will now be accessible to ultra-high-net-worth clients flying through select private airports in the U.S., the brokerage told Inman exclusively.
Real Estate News
SEPTEMBER 23, 2023
NorthstarMLS CEO Tim Dain offers his tech-forward view of the future, which includes transparency, consolidation and richer listings content.
JMV Lending
SEPTEMBER 27, 2023
Are you navigating the world of VA home loans and stumbled across the term 'Tidewater VA appraisal'? Wondering what it means and how it can affect your home purchase? Look no further! Let JVM Lending bring clarity to this essential process. As industry leaders, we understand the nuances of VA appraisals and are here to help you navigate with ease. The post VA Tidewater Appraisals: Everything You Need To Know appeared first on JVM Lending.
Housing Wire
SEPTEMBER 26, 2023
After three consecutive months of annual price declines, home prices in July were up 0.98%, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted an increase of 0.6%, while the 10-City posted a 0.8% increase and 20-City Composite a 0.9% increase. “U.S. home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said.
Inman
SEPTEMBER 29, 2023
A judge struck down claims that defendants conspired to "fix," "maintain" and "increase" prices for buyer brokerage services, but allowed claims they sought to "control" prices to proceed.
Real Estate News
SEPTEMBER 25, 2023
Housing market impacts could include mortgage delays, declining consumer confidence and — perhaps — a small dip in mortgage rates.
GoForrmz
SEPTEMBER 27, 2023
Originally published on 01/13/2016 Uncover the reasons why mobile forms stand out as the preferred choice for data capture With the rise of smartphones and tablets in the workplace, teams are shifting from paper to digital processes evolving into mobile workforces. In fact, Statista Research Department predicts the United States mobile worker population will grow from 78.5 million in 2020 to 93.5 million by 2024.
Housing Wire
SEPTEMBER 25, 2023
Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. The story was first reported by CBS News. MV Realty currently faces lawsuits in multiple states for allegedly misleading consumers and homeowners. In addition, the Florida-based firm has been essentially banned from operating in 14 states through legislation. MV Realty operated in 33 states and has more than 500 real estate agents.
Inman
SEPTEMBER 28, 2023
The update allows users to directly access presentations and CMAs from MoxiPresent while working within MoxiEngage, the company’s popular customer relationship management solution.
Real Estate News
SEPTEMBER 29, 2023
In the wake of a cyberattack that knocked the Ohio MLS offline in August, the organization rushed to roll out a new system, but bugs frustrated agents.
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