Housing Wire
NOVEMBER 7, 2023
In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. It is costing more for schools and governments to pay for services. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets.
Sacramento Appraisal Blog
NOVEMBER 8, 2023
What’s going to happen to the housing market with a presidential election year coming? There are so many ideas. I’ve heard stuff like, “Rates usually go down during a presidential year,” or “The market is likely going to be stronger because one party is trying to stay in power.” But are these things really true? […] The post The housing market during a presidential election year first appeared on Sacramento Appraisal Blog.
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George Dell
NOVEMBER 8, 2023
Market value or comparable value? What does that mean? It means we form market value opinions. Specifically, credible market value opinions. Credible in this case must mean more than merely “…worthy of belief…” since USPAP contains no indication of who’s belief we seek. It means, therefore, worthy of the market’s belief since the market is […] The post Market Value Or Comparable Value?
Inman
NOVEMBER 10, 2023
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases.
Housing Wire
NOVEMBER 6, 2023
While home prices in the U.S. held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. The industry is in a deep housing recession this year. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now.
Eyes on Housing
NOVEMBER 9, 2023
Median square foot prices (excluding record-high improved lot values) for new for-sale single-family detached (SFD) homes started in 2022 increased 18%, according to NAHB’s analysis of the latest Survey of Construction data. Increases for square foot prices in new custom SFD homes were similarly high, averaging 19%, more than double the US inflation of 8% registered by the CPI the.
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Inman
NOVEMBER 10, 2023
Now is the time when connections serve as the bridge to the future. Inman Connect is more than a name; it's a call to action. It's an opportunity to collaborate beyond individual brands, connect ideas, forge partnerships, and navigate the transformative terrain of the real estate industry.
Housing Wire
NOVEMBER 4, 2023
After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. Does this mean we’ve hit the peak in mortgage rates for this economic cycle? The history of economic cycles and mortgage rates would say yes, but only if the market believes the Federal Reserve is done hiking rates and being hawkish and the labor data gets softer from here.
Eyes on Housing
NOVEMBER 9, 2023
Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of July and end of September.
Appraiserblogs
NOVEMBER 8, 2023
Just How Commonplace Is Appraisal Bias? Folks, about the only entity examining in depth the details behind all the allegations about appraisers being inherently biased is the American Enterprise Institute (AEI) Housing Center. They are proving that most of the allegations are mostly a dump truck load of bovine substance. Click here for their latest expose.
Inman
NOVEMBER 8, 2023
In recognition of the entrepreneurs, venture capitalists and visionaries pushing real estate forward, the "Best of Proptech" honors cap the yearlong expansion of Inman's awards program.
Housing Wire
NOVEMBER 10, 2023
It appears that no real estate brokerage firm in the U.S. is safe from a commission lawsuit. On Wednesday, Manhattan home seller Monty March filed a lawsuit in U.S. District Court in the Southern District of New York, alleging that Real Estate Board of New York rules governing the multiple listing service in Manhattan kept commissions high and violated state and federal antitrust laws.
Eyes on Housing
NOVEMBER 7, 2023
Porches have been a popular home feature, consistently ranking in the top 10 in the NAHB surveys of recent and prospective home buyers published in What Home Buyers Really Want. And porches remain as popular as ever specifically on new homes, according to NAHB tabulation of the latest Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial.
GoForrmz
NOVEMBER 7, 2023
Originally published on 02/22/2019 GoFormz makes it incredibly easy to digitize your forms, automate your communication and collaboration, and run reports on your collected data Staying ahead of the competition often depends on the ability to process information quickly, communicate seamlessly, and respond to challenges and opportunities accurately.
Inman
NOVEMBER 9, 2023
Realtor.com parent company Move Inc.'s revenue declined 16 percent to $142 million in the fiscal first quarter. Despite the loss, CEO Robert Thomson remained bullish about the portal's long-term prospects.
Housing Wire
NOVEMBER 7, 2023
Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. The tightening came amid elevated interest rates and uncertainty in economic conditions. A survey taken by the Federal Reserve showed that a 20%-plus share of banks reported having tightened standards on non-qualified-mortgage (non-QM) jumbo residential loans (23.9%), QM jumbo loans (26%), non-QM non-jumbo (20.4%) and HELOCs (2
Eyes on Housing
NOVEMBER 8, 2023
Consumer credit outstanding growth slowed to 0.4% in the third quarter of 2023 (SAAR) according to the Federal Reserve’s latest G.19 Consumer Credit report, as revolving debt grew 8.6% and nonrevolving debt declined 2.4%. On a monthly basis, revolving credit outstanding increased just 3.0% in September after surging 14.6% in August (SAAR). Total consumer credit outstanding stands at $4.98 trillion.
Appraiserblogs
NOVEMBER 7, 2023
So what’s caused the sudden loss of income? Could it be because of the racial bias complaint filed against me by an unhappy Seller… Fannie Mae accomplished what they set out to do in July 2011, when they initiated their Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal. The goal was to collect enough property data to effectively remove appraisers from the home buying and refinancing process.
Inman
NOVEMBER 7, 2023
According to Instagram marketing expert Michelle Berman-Mikel, saying the right thing, then moving the conversation into the real world, can allow you to create a social media strategy that converts.
Housing Wire
NOVEMBER 9, 2023
As 10-year Treasury yields tumbled, the average 30-year fixed mortgage fell 26 basis points in the week ending Nov. 9, the largest one-week decrease since last November. The 30-year, fixed mortgage averaged 7.5% as of Nov. 9, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.76% and up from 7.08% the same week a year ago.
Eyes on Housing
NOVEMBER 8, 2023
Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 3rd, total mortgage activity increased 2.5% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell 25 basis points to 7.61%. The FRM rate has decreased by 6 basis points over the past month but has hovered between 7.5% and 8.0% for six consecutive weeks.
Empire Appraisal Group
NOVEMBER 9, 2023
Market Update Parkland and Coral Springs Q3 2023 Since 2005, Empire Appraisal Group, Inc. has been assisting clients in making well-informed decisions related to real estate. They are the top residential appraisal company in Broward and Palm Beach County, providing reliable and accurate appraisals alongside exceptional customer service. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appraisal ex
Inman
NOVEMBER 8, 2023
While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms.
Housing Wire
NOVEMBER 9, 2023
A total of 2,256 homebuyer assistance programs are available in the U.S. housing market after 54 programs were added in the third quarter, according to Down Payment Resource (DPR), a homebuyer assistance program data and solutions firm. Among the available homebuyer assistance programs were 295 that allow borrowers to lower their interest rates by paying an upfront fee, according to DPR’s homeownership program index report.
Eyes on Housing
NOVEMBER 6, 2023
A majority of new homes that completed construction in 2022 included two-car garages (66%), according to NAHB analysis of 2022 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.
Boston Appraisal
NOVEMBER 9, 2023
The effect that home improvements have on an appraisal can vary depending on the type of improvement, the quality of the work, and the local real estate market. Generally, improvements that increase the square footage, improve the functionality or aesthetics of a home, or add energy-efficient features can have a positive impact on appraisal values. What are some common home improvements that can increase appraisal values?
Inman
NOVEMBER 6, 2023
Believe it or not, there are less than two months left in 2023. And there’s no better time than right now for real estate agents to evaluate their recent productivity and establish the framework for success in the year ahead.
Housing Wire
NOVEMBER 10, 2023
With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. But it’s not all grim news. While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.
Eyes on Housing
NOVEMBER 10, 2023
According to the Federal Reserve Board’s November 2023 Senior Loan Officer Opinion Survey (SLOOS), lending standards tightened for all commercial real estate (CRE) loan categories and most residential real estate (RRE) categories in the third quarter of 2023. Moreover, demand for RRE and CRE loans weakened across all categories over the quarter. A higher net percentage of banks reported tighter.
GoForrmz
NOVEMBER 9, 2023
Is it finally time for the transportation industry to undergo a much-needed digital transformation? The transportation industry plays a pivotal role in the global economy, ensuring the seamless movement of goods and materials across the world. However, despite its critical function, the industry has long been plagued by an outdated and cumbersome reliance on paper documents.
Inman
NOVEMBER 10, 2023
In what could be considered a no-brainer in terms of protech partnerships, users of BHR’s extensive home intelligence reports will see their industry IQ jump a few points with the addition of Plunk’s AI-powered market analytics.
Housing Wire
NOVEMBER 9, 2023
Democratic lawmakers in the U.S. Senate and U.S. House of Representatives are introducing a new bill to the legislature today designed to both “preserve” and “revitalize” manufactured home communities across the United States. Spearheaded by U.S. Senators Catherine Cortez Masto (D-Nev.), Jeanne Shaheen (D-N.H.) and Tina Smith (D-Minn.), U.S. Rep. Suzanne Bonamici (D-Ore.) introduced the bicameral legislation in the House.
BiggerPockets
NOVEMBER 10, 2023
Last month, the Biden administration announced a series of actions designed to facilitate the conversion of specific properties to improve affordability in several metros. Here are the details.
GoForrmz
NOVEMBER 8, 2023
Join the GoFormz team for a live walkthrough of the latest features and ask any questions directly to the team. Live on November 16th, 2023, at 11:00 AM PT / 2:00 PM ET, the GoFormz team is happy to share with you all the latest updates to the GoFormz platform. Kelsey Griswold, VP of Product at GoFormz, and GoFormz Marketing Manager, Victoria Horn, will walk you through all the latest features in the GoFormz platform, including: Improved Mobile App experience Page Elements (Adding basic design e
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