Sacramento Appraisal Blog
MAY 30, 2023
The iBuyer model got destroyed last year when the housing market shifted, but is Opendoor starting to turn things around? Today I want to look at some stats in the midst of a market full of drama. SERIOUS REAL ESTATE DRAMA It’s been drama this past week with debt ceiling conversations and rates above 7% […] The post Is Opendoor starting to turn things around?
Housing Wire
JUNE 2, 2023
We’ve had some odd job reports over the years, but the key is to always follow the trend. That’s especially important with Friday’s data , which showed 339,000 jobs were created in May even while the unemployment rate increased. As someone who wrote that we should get job openings toward 10 million in this expansion, I am always mindful of my other labor talking point.
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Real Estate News
MAY 27, 2023
Don’t let this transformative moment intimidate you. Industry experts Stefan Swanepoel and Jack Miller of T3 Sixty say it’s an opportunity built on history.
The Appraiser Coach
MAY 30, 2023
The key to success isn’t great ideas. Everyone has great ideas. I’ve had so many people come to me with an idea they had and say, “Dustin, isn’t this a.
Inman
JUNE 1, 2023
Doctorow oversaw the company as its revenues and site traffic rose to record highs, the company said. But as with the rest of the industry, Move has shown signs of a slowdown.
Housing Wire
MAY 30, 2023
Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. The annual growth rate in March 2023 was up 0.7%. On a month-over-month basis, the index was up 1.3% before seasonal adjustment. This was the second month-over-month increase following seven consecutive month-over-month decreases.
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George Dell
MAY 31, 2023
Evidence Based Valuation© – EBV exemplifies the best of what has been called “appraisal modernization.” Do current standards help our progress, or are they in the way of the best future? Part I is an overview. Part II is on education. Standards intertwine with education. Here in Part III we start our multi-part look at USPAP […] The post How Do I Move to EBV?
Eyes on Housing
MAY 31, 2023
The count of open, unfilled jobs for the overall economy moved higher in April, rising to 10.1 million and complicating the June Federal Reserve decision. The higher job opening count for April increases the chance of another rate hike despite some speculation that May was the end of tightening. The count of open jobs was 11.8 million a year ago.
Housing Wire
JUNE 1, 2023
Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The financial terms of the transaction have not been disclosed. With the acquisition, Planet will inherit the majority of Platinum’s origination staff and branches throughout the country. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets.
Real Estate News
JUNE 2, 2023
The PAVE task force, a joint venture of HUD and other agencies, presented an action plan to address appraisal bias and increase diversity in the industry.
Inman
JUNE 2, 2023
While AI has the potential to automate and certainly enhance many aspects of the real estate industry, writes California Realtor Ken Sisson, it is unlikely to replace human agents completely anytime soon.
Eyes on Housing
MAY 30, 2023
After seven consecutive months of decline, home prices climbed for a second straight month in March as low inventory levels persist. Locally, five metro areas, reported by S&P Dow Jones Indices, experienced negative home price appreciation in March. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth.
Housing Wire
JUNE 1, 2023
Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The proposed rule would also implement quality control standards that govern the use of automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing mortgage loans.
Real Estate News
MAY 29, 2023
Some clients just make agents' jobs harder — either intentionally or through lack of experience. But those challenges can also be opportunities for growth.
Inman
JUNE 2, 2023
Machine learning has been a component of Zumper's overall solution for some time, but its ChatGPT use will enhance consumer-facing interactions primarily in terms of search, according to the company.
Appraiserblogs
JUNE 1, 2023
While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394. We often hear complaints from GSEs and lenders that appraisal fees are too high, hence the push for modernization. Yet they fail to acknowledge that this is due to an overly bloated middleman – the appraisal management company (AMC). As a consumer, you should be aware of the potential for being fleeced on appraisal fees.
Housing Wire
JUNE 1, 2023
Brena Nath, Director of HW+ and Events TO QUOTE BON JOVI, “Whoa, we’re halfway there!” The last six months in the housing market were tough. 2023 has been a year that started off with some renewed optimism thanks to an uptick in housing activity but quickly took a turn as events, like the collapse of Silicon Valley Bank, threw a wrench into a lot of forecasts for the year.
Real Estate News
MAY 27, 2023
CEOs Andy Florance, David Doctorow, Gino Blefari and Nick Bailey shared exclusive, and sometimes controversial, insights with Real Estate News.
Inman
JUNE 2, 2023
The brokerage launched sales this week for its first-ever luxury condo new development project in The Big Apple. Sales agent Shane Boyle filled Inman in on all the juicy details, including the unparalleled views.
Eyes on Housing
JUNE 1, 2023
Private residential construction spending inched up 0.5% in April, as spending on multifamily homes increased 0.6%. Private residential construction spending increased for the first time since June 2022 amid elevated mortgage interest rates. However, it is still 9.2% lower compared to a year ago. The total construction monthly increase is largely attributed to more spending on multifamily construction, which rose.
Housing Wire
JUNE 1, 2023
Tracey Velt, senior director of data and content It’s official, there’s a new sheriff in town and his name is Glenn Sanford, founder of eXp Holdings and CEO of eXp Realty. The firm moved from number three to number one by transaction sides in the 2023 RealTrends 500 rankings, based on 2022 data. Compass, headed by CEO Robert Reffkin, took the top spot this year by sales volume.
Real Estate News
MAY 28, 2023
The fund has helped thousands of KW associates and their families. The nonprofit's CEO offers tips for other brokerages looking to follow their lead.
Inman
JUNE 1, 2023
The new lawsuit claims that a host of big-name real estate companies, as well as various landlords, refused to accept Section 8 vouchers for lower-income renters.
Eyes on Housing
JUNE 2, 2023
Job growth accelerated in May. Total payroll employment rose by 339,000 and the unemployment rate rose to 3.7%. While labor demand remained strong, wage pressures eased from a year ago. In May, wage growth slowed to a 4.3% year-over-year gain, from 4.4% last month, and down 1.6 percentage points from a 5.9% gain in March 2022. Total nonfarm payroll employment.
Housing Wire
MAY 30, 2023
Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. The decision is part of UBS’s strategy to focus more on financing mortgage originators , the outlet said, citing an anonymous source discussing non-public information who asked not to be identified.
Real Estate News
MAY 27, 2023
CubiCasa debuts photographer program; Recruiting Insight adds partners; Inside RE launches design center; eXp adds RateMyAgent; Sisu updates portal; more.
Inman
MAY 29, 2023
When listing a luxury property, agents must bear in mind that buyers’ expectations are higher than ever. They want to see a home that aligns with the aspirational architectural content they watch and read. And color can effectively illustrate that designer lifestyle.
Premier Home Appraisal Blog
MAY 30, 2023
My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? You can remove it and save thousands of dollars! PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. That's where our home appraisal for PMI removal comes in.
Housing Wire
MAY 30, 2023
Artificial intelligence (AI) is a buzzword in virtually every industry right now. And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. “Some of these borrowers have hundreds of products that they can choose from. How is an LO supposed to keep that in their head?
Real Estate News
JUNE 2, 2023
A survey of homebuyers reveals which parts of the financing process buyers understood the least, and how agents can add value through financial education.
Inman
JUNE 2, 2023
Reports from UD Advisor examine listings and specific situations with hyper-local market data, relevant sales and custom analytics from UrbanDigs to provide agents with actionable, data-based recommendations for their businesses, Inman has exclusively learned.
GoForrmz
MAY 31, 2023
Join the live GoFormz Office Hours webinar covering the latest GoFormz updates and up-and-coming new features. Live on June 14th, 2023, at 11:00 AM PDT / 2:00 PM EDT, the GoFormz team is happy to share with you all the latest updates to the GoFormz platform. Hosted by Kelsey Griswold, VP of Product at GoFormz, and GoFormz Marketing Manager, Victoria Horn, you’ll get in-depth feature walkthroughs, a sneak peek at the newest features coming soon, and a chance to ask any GoFormz questions directly
Housing Wire
MAY 30, 2023
The Federal Housing Finance Agency (FHFA) issued on Tuesday a request for input (RFI) regarding protections for tenants at multifamily housing properties backed by mortgages from Fannie Mae and Freddie Mac. In particular, the FHFA wants to “solicit public input on issues faced by tenants in multifamily properties, and on any opportunities and potential impacts associated with requiring or encouraging specific tenant protections at multifamily properties backed by [the GSEs],” the RFI states.
Real Estate News
MAY 30, 2023
While sluggish year-over-year, appreciation picked up between February and March, especially in West Coast cities, according to the Case-Shiller Index.
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