Housing Wire

SEPTEMBER 1, 2023

Jobs week cleared up the skies for the Federal Reserve members, who are smiling — big time — after a series of data lines gave them what they wanted: a softer labor market! While the labor market isn’t breaking , it has become more pliant in the data lines the Fed focuses on. After Friday’s jobs report , which had some one-time variables, we can say that the economy is heading into an area where the Fed will feel much more comfortable, and we should not have any more rate hikes.

Marketing 471

Marketing Transportation Construction Housing Market 471

Sacramento Appraisal Blog

AUGUST 29, 2023

Assumable loans are eye candy in today’s housing market. The idea of taking over somebody’s 2.5% loan sounds amazing, right? It’s technically possible on paper for some loan types, but it’s challenging to pull off in the real world. Yet, if mortgage rates remain high, this is something we’re likely going to hear more about, […] The post The eye-candy of assuming a loan first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Appraisal Real Estate Mortgage Housing Market 311

The Appraiser Coach

AUGUST 29, 2023

If there’s one thing that consistently stresses out small business owners more consistently than anything else, it’s the dreaded inbox. Especially as an appraiser, I.

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Appraisal Business Real Estate Agent Real Estate 195

George Dell

AUGUST 30, 2023

You MUST make adjustments. Everybody knows that! Or not. In USPAP and The Appraisal of Real Estate (TARE) we have two predominant topical sources. The USPAP standards do not require adjustments. The word “comparable” is not defined, nor is the word “adjustment” found in USPAP. Nothing about adjustments nor picking comps. However, we note that […] The post Imaginary Adjustments?

Real Estate 195

Real Estate Appraisal 195

Housing Wire

AUGUST 28, 2023

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

Realtors 458

Realtors Realty Brokerage Agents 458

Inman

SEPTEMBER 1, 2023

Support for the embattled CEO, who many expected to announce his early retirement as a result of a fast-moving harassment scandal, came late Thursday with a statement from new president Tracy Kasper.

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Realtors 193

GoForrmz

AUGUST 28, 2023

Originally published on 10/07/2015 Streamline record-keeping and reduce administrative overhead with the GoFormz and Box integration Whether you find yourself routinely filling out digital waivers or in need of a digital sign-in sheet template , GoFormz possesses the ability to seamlessly convert your existing forms into exact digital replicas. The potential of digital forms extends far beyond the diverse data capture opportunities; in fact, it's just the beginning.

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Design Business 139

Housing Wire

SEPTEMBER 1, 2023

In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations. Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. This year 75 honorees were honored as HW Insiders.

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Mortgage Real Estate Realty Valuation 450

Inman

AUGUST 30, 2023

To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month.

Business 182

Business Mortgage Technology 182

Eyes on Housing

AUGUST 30, 2023

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts decreased in 2022. Nationally, 1,018,495 new single-family units started construction in 2022, 10% fewer than the number of units started in 2021. It marked the first decrease since 2011 but was still the second highest count since the Great Recession. Among all nine Census divisions, the South.

Construction 158

Construction 158

Boston Appraisal

AUGUST 30, 2023

In today’s increasingly complex financial landscape, Certified Public Accountants (CPAs) are the unsung heroes behind successful businesses. Their role is multifaceted, touching upon asset valuation, regulatory compliance, risk management, and more. One essential yet often overlooked component of their job involves real estate appraisals. Here, we delve into some of the key intersections between CPAs and real estate appraisals, incorporating insights from our appraisers.

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Real Estate Appraisal Valuation Property Taxes 109

Housing Wire

AUGUST 30, 2023

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market , and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data.

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Mortgage Housing Market Inventory New Listings 441

Inman

AUGUST 30, 2023

After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs.

Mortgage 181

Mortgage Marketing 181

Eyes on Housing

AUGUST 29, 2023

In June, national home prices continued to increase. Limited inventory and solid but weakened demand put upward pressure on home prices, despite rising mortgage rates. Locally, all 20 metro areas, reported by S&P Dow Jones Indices, had positive home price appreciation in June. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.

Mortgage 153

Mortgage Inventory Construction 153

GoForrmz

SEPTEMBER 1, 2023

The GoFormz team will be at the Service Counsel Symposium – will we see you there? We couldn’t be more excited to be exhibiting at the Service Counsel Symposium at the JW Marriott in Chicago, Illinois from September 11th to the 13th. Do you have your schedule planned yet for the event? About the Service Counsel Symposium The Service Counsel Symposium stands out as an essential gathering for seasoned executives in the realms of service and customer management.

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Clients Business Development 78

Housing Wire

AUGUST 31, 2023

Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. 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 7.18% as of Aug. 31, down from last week ’s 7.23%. By contrast, the 30-year fixed-rate mortgage was at 5.66% a year ago at this time.

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Mortgage Housing Market Buyers Inventory 420

Inman

AUGUST 30, 2023

Three months after a Texas judge sent former Keller Williams CEO John Davis' $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims.

Real Estate 181

Real Estate Brokerage 181

Eyes on Housing

AUGUST 28, 2023

Wood framing remains the most dominant construction method for single-family homes in the U.S., according to NAHB analysis of 2022 Census Bureau data. For 2022 completions, 94% of new homes were wood-framed, another 6% were concrete-framed homes, and less than half a percent was steel-framed. On a count basis, there were 956,000 wood-framed homes completed in 2022.

Construction 144

Construction 144

Empire Appraisal Group

AUGUST 31, 2023

NEWS & MEDIA sturti / Getty Images Source: [link] RE Q&A: What to Do About a Blocked Condo View? By Gary M. Singer Once upon a time, a condo had a dynamic golf course view, but a developer bought it and the view now is two overgrown trees. Are there options? FORT LAUDERDALE Fla. – Question : When I bought my condo, my building had the best golf course view from my screened porch.

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Appraisal Law Development Real Estate 78

Housing Wire

AUGUST 30, 2023

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%).

Mortgage 421

Mortgage Real Estate Inventory Realtors 421

Inman

SEPTEMBER 1, 2023

The Realty Alliance CEO Craig Cheatham illuminates the frequently byzantine path many Realtors follow on their journey up the National Association of Realtors's formidable org chart.

Realtors 178

Realtors Realty Brokerage Agents 178

Eyes on Housing

AUGUST 29, 2023

The count of open, unfilled jobs for the overall economy continued to moved lower in July, falling to 8.8 million. While certain inflation readings have raised the likelihood of a September Federal Reserve interest rate increase, the JOLTS survey is another data point indicating an ongoing but gradual cooling of macro conditions due to elevated interest rates.

Marketing 140

Marketing 140

The Robert Weiler Company

AUGUST 30, 2023

Some people consider spring and summer the perfect time to clean out their attic. However, March through August is also prime time to find amazing deals on commercial real estate in Central Ohio! These months are also an efficient timeframe to relocate businesses, as inclement weather during the fall and winter can impede the process. For commercial real estate investors, it may seem like a no-brainer.

Real Estate 78

Real Estate Brokerage Investors Property Management 78

Housing Wire

AUGUST 30, 2023

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,000 jobs in June — more than double many economists’ expectations — while compensation climbed 6.4% from a year ago.

Mortgage 421

Mortgage Real Estate Agent Real Estate Landlords 421

Inman

SEPTEMBER 1, 2023

Victoria Kennedy, CEO of Atman Real Estate, outlines the ways that AI is already reshaping the real estate industry. If you've been holding off on putting AI to work for your real estate business, the time has come to get off the sidelines.

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Real Estate Business Property Management Agents 173

Eyes on Housing

SEPTEMBER 1, 2023

The recent employment data indicates that the labor market is cooling gradually due to rising interest rates. Total employment increased by 187,000 and the unemployment rate rose to 3.8% from 3.5%. Wage growth slowed. In August, wages grew at a 4.3% year-over-year growth rate, down 1.1 percentage points from a 5.4% gain in August 2022. The Bureau of Labor Statistics.

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Marketing Construction 93

Yolo Solano Appraisal Blog

AUGUST 29, 2023

Here are Yolo County residential real estate market trends as of August 23, 2023, based on analysis of sales in Metrolist MLS for my presentation at the Yolo County Association of Realtors marketing meeting last week. In the past, I’ve not included county-wide data nor West Sacramento.

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Real Estate Realtors Marketing Housing Market 78

Housing Wire

AUGUST 31, 2023

The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. Former KW CEO John Davis filed his second lawsuit against the firm on Wednesday in the Western District of Texas. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince ind

Real Estate 410

Real Estate Brokerage Contracts Agents 410

Inman

SEPTEMBER 1, 2023

The enhanced property marketing service from the industry’s most popular portal is offered under the company’s ShowingTime+ division, limited to select agents in each market, according to the company.

Marketing 171

Marketing Agents Technology 171

BiggerPockets

SEPTEMBER 1, 2023

No "Airbnbust" this year. The short-term rental market had a great summer, and demand doesn't look like it's going anywhere anytime soon. These markets had the best jumps this summer.

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Investors Marketing Real Estate Investing 87

Birmingham Appraisal

AUGUST 30, 2023

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale. However, it’s not uncommon for homeowners to be disappointed when the appraisal value doesn’t match their expectations.

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Appraisal Appraisal Process Property Appraisal Renovations 77

Housing Wire

AUGUST 31, 2023

Intercontinental Exchange (ICE) received the green light to move forward with its acquisition of Black Knight after the Federal Trade Commission (FTC) accepted a binding settlement. Under the agreement, both firms will divest Black Knight’s loan origination system (LOS) Empower business and product and pricing engine (PPE) unit Optimal Blue to a subsidiary of Constellation Software Inc, the FTC said in a release on Thursday.

Mortgage 404

Mortgage Valuation Tools Technology 404

Inman

AUGUST 30, 2023

From Janelle Brevard's harassment suit to the fallout that ensued following the resignation of National Association of Realtors president Kenny Parcell, stay up to date with NAR coverage here.

Realtors 178

Realtors Brokerage Agents 178

Appraisal Today

SEPTEMBER 1, 2023

Appraising Odd Properties: What’s the Weirdest Property You’ve Appraised Recently? McKissock Survey Excerpts: As a professional appraiser, you’ll likely encounter some strange properties from time to time. Odd properties tend to be challenging yet rewarding in terms of the fee. To gain insight into these types of assignments, we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?

Appraisal 76

Appraisal Mortgage Real Estate Contracts 76