Sat.Nov 05, 2022 - Fri.Nov 11, 2022

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Saying goodbye to pandemic home price gains

Sacramento Appraisal Blog

Sellers have been saying goodbye to some of the equity they gained during the past couple of years. In Sacramento, we’ve actually lost 40% of the pandemic gains since May. Today I want to talk about price trends, and I hope this is helpful – whether you’re local or not.

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Mortgage rates collapse on softer inflation data

Housing Wire

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that!

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Unsurprisingly, Housing Affordability Continues to Fall

Eyes on Housing

Rising mortgage rates, high inflation, ongoing building material supply chain disruptions, and elevated home prices contributed to housing affordability falling – yet again – to its lowest point since the Great Recession in the third quarter of 2022.

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The Realtor’s Guide to Appraisals Part 11: What Every Realtor Needs to Know About FHA Appraisals

Riverfront Appraisals

One of my favorite things to do is speak to Realtor offices about appraisals. And inevitably, no matter what topic I’m asked to speak on, our discussion turns to FHA appraisals. What should I be on the lookout for?” “Do Do I need to make the repairs before listing the house?” “How

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GoFormz Joins the Construction Executive Top Tech Firms List

GoForrmz

GoFormz was selected as a Top Tech Firm in the construction industry. Now in its 20th year of publication, Construction Executive is the leading trade magazine about the business of construction.

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Home equity loan vs. HELOC – What’s the difference?

Housing Wire

While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity.

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Why Appraisers Say ‘We Have Targets on Our Backs’

Empire Appraisal Group

Why Appraisers Say ‘We Have Targets on Our Backs’ By: Melissa Dittmann Tracey. Source: Why Appraisers Say ‘We Have Targets on Our Backs’ (nar.realtor). How professionals are managing the biggest obstacles to the home valuation process. ipopba – iStock/Getty Images Plus.

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Top Digital Forms for Human Resources Teams

GoForrmz

Focus on people, not paperwork, with these digital HR forms Human resource professionals are expert multitaskers. From hiring and onboarding to benefits management, conflict resolution, and beyond, HR teams are tasked with a vast array of functions critical to their business.

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Don’t expect a drop in home prices in 2023, NAR economist says

Housing Wire

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Revolving Debt Surges as Credit Card Rates Hit 18-Year High

Eyes on Housing

According to the Federal Reserve’s latest G.19 Consumer Credit report, consumer credit (ex-real estate) grew at a seasonal adjusted annual rate (SAAR) of 6.8% in the third quarter of 2022. Revolving debt increased at a 12.9% rate, more than double the pace of nonrevolving debt (+4.9%).

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Executive weighs in on appraisal market conditions

Valuation Review

#AndrewBough #MortgageConnect #ValuationSolutionsatValuationConnect #slowmarketappraising

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Prevent Burnout for Your Retail Team

GoForrmz

It takes more than a pizza party to prevent employee burnout. You’ve probably seen it happen before, by the time the holiday season arrives, retail employees are already feeling burned out, stresses are high, and some team members aren’t even able to fully enjoy their holiday season.

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Why purchase application data is below 2008 levels

Housing Wire

Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care.

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Mortgage Activity Remains Low Due to Market Uncertainty

Eyes on Housing

Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 4th, total mortgage activity declined 0.1% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 7.14%.

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Turnaround time, price will drive demand for products, appraiser says

Valuation Review

#DavidBeal #BealAppraisal #marketaspects #texas

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Managing your Columbus, Ohio property search can seem like a daunting task. After all, there’s a lot to consider. But don’t worry! The Robert Weiler Company has gathered seven helpful tips, sure to assist you in conducting the best property search in Columbus, Ohio as possible.

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Opinion: Mortgage rates have a smaller impact on housing than you think; here’s proof

Housing Wire

If we don’t learn from history, we are doomed to repeat it. From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. At the same time, the median, annual average of existing home sales was 5.63 million units.

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Concentration of Large Builders in Metropolitan Markets- Update (2021)

Eyes on Housing

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Sausalito Home Values (Housing Market Trends and Charts)

Realvals

The charts below show a visual representation of the Sausalito, California, housing market. The numbers in these charts come straight from BAREIS MLS, so you have a real look into the real trends in the market. These five charts are updated monthly, each with an entire year of data.

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Michigan appraiser speaks to industry observations, challenges

Valuation Review

#CertifiedResidentialAppraisers #Michigan #ThomasKonesky #AccurateValueRealEstateAppraisals

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Non-QM lender Athas Capital Group ‘bows out like gentlemen’

Housing Wire

It’s yet another casualty in the non-QM space – California-based Athas Capital Group is winding down its operations and laying off more than 200 employees due to the challenges in the secondary market.

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How Increased Rates of WFH are Affecting Commercial Business Appraisals

Valcre

The COVID-19 pandemic changed a lot about the world, and now we are just beginning to see many of the more lasting effects

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That Car Costs How Much per Pound?

The Appraiser Coach

There have been many times that I’ve heard of, or experienced myself, when an appraisal is being done, and at some point during the walk-through the agent shows up with. Read More.

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Commercial firm director speaks to zoning

Valuation Review

#BBG #commercialcorner #zoningservices #RosettaTaylor #realestatetrends

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The historic multifamily construction boom is already fading

Housing Wire

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. .

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How Increased Rates of WFH are Affecting Commercial Real Estate Appraisals

Valcre

The COVID-19 pandemic changed a lot about the world, and now we are just beginning to see many of the more lasting effects

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Appraisers Are Historians

Appraisers Blog

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. I mean no disrespect to the modelers of the Automated Valuation Models (AVMs) or to Zillow for relying on their AVMs.

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Kate Perrine Qualifies for the 2022 Lamacchia Realty President’s Club

Lamacchia Realty

Kate Perrine has officially qualified for the 2022 Lamacchia Realty President’s Club by selling 33 homes this year! This is her second year in a row qualifying for the prestigious distinction, and she is also a member of the 2021 President’s Club ELITE.

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“Last night, my Uber driver was a loan officer.”

Housing Wire

The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips.

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Mill Valley Home Values (Housing Market Trends and Charts)

Realvals

The five charts in the article below provide you with a visual representation of the Mill Valley housing market over the last year. The data used in these charts comes straight from the local multiple listing service, so it is accurate and unbiased. These charts are updated every month, so be sure to check back occasionally. Bookmark this page if you want to keep up with the trends in the Mill Valley housing market. *.

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Luxury-home purchases plummet

Valuation Review

#luxuryhomes #Redfin #numbers

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Jason Pincomb Qualifies for the 2022 Lamacchia Realty President’s Club

Lamacchia Realty

We are so excited to share that Jason Pincomb has qualified for the 2022 Lamacchia Realty President’s Club by selling 33 homes this year, and that number will only continue to grow! Jason joined Lamacchia realty last year and quickly rose to the top.

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Inflation has slowed down, but it may not stop future rate hikes

Housing Wire

Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserve’s interest rate hikes are having an impact on consumer spending habits. The Consumer Price Index (CPI) rose by 7.7% in October compared to one year ago.

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San Rafael Home Values (Housing Market Trends and Charts)

Realvals

The following charts provide a realistic representation of the San Rafael, California, housing market. The data comes straight from the local MLS (BAREIS MLS), giving you a much more in-depth look into the real trends in the market. The following charts are updated every month, and each has an entire year of data. Please Bookmark This Page if you want to have an up-to-date resource for the trends in the San Rafael housing market. *.