Cleveland Appraisal Blog

DECEMBER 10, 2022

Hello dear reader! I’m so sorry for the weeks I missed posting articles last month. There was a death in my family which has been difficult to work thru. While I get things going again, I have a returning guest blogger for this week and next week. This week, Betty White shares some things that can decrease property value. As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grai

Appraisal 298

Appraisal Buyers Renovations Investing 298

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Buyers 479

Buyers Realtors Inventory Sellers 479

Sacramento Appraisal Blog

DECEMBER 14, 2022

How much have home prices gone down? That’s the big question right now, so let’s talk about it. But I want to highlight a pressing issue that’s been coming up about the stats. I hope this is helpful, whether you’re local or not. UPCOMING (PUBLIC) SPEAKING GIGS: 1/18/23 WCR Market Update in Cameron Park (register […]. The post How much have home prices gone down?

Real Estate 279

Real Estate Appraisal Marketing Housing Market 279

George Dell

DECEMBER 14, 2022

How many comps should I use? What do “authorities” say? Historical appraisal practice, as passed on from trainer to trainee, in the outdated master/apprentice model that imposed strong inviolable dictates. For residential forms, the magic number was three, sometimes up to five or six. Three and a subject column fit perfectly on a 8 1/2 […].

Appraisal 195

Appraisal 195

Eyes on Housing

DECEMBER 16, 2022

Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.

Marketing 185

Marketing 185

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy.

Insurance 473

Insurance Government Legal Fees Real Estate 473

D Fritz Appraisals

DECEMBER 16, 2022

What to do When Your Property Tax Assessment Seems Too High. In early January each year, every home in British Columbia receives its property tax assessment notice through the mail from BC Assessment. Some property owners may be surprised and possibly even concerned with their home property assessment amount. Between 2021 and 2022, house prices in BC rose by an average of 23.3% with the increase even steeper in Victoria.

Property Taxes 111

Property Taxes Valuation Appraisal Real Estate 111

Eyes on Housing

DECEMBER 14, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending December 9th, total mortgage activity increased 3.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose one basis points to 6.42%. The FRM rate has fallen 48 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Mortgage 154

Mortgage Marketing Lending Finance 154

Housing Wire

DECEMBER 14, 2022

On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. . Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts.

Mortgage 421

Mortgage Housing Market Buyers Sellers 421

Appraiserblogs

DECEMBER 14, 2022

This new measuring technology claims the software to be ANSI compliant. Appraisers, over the past couple of years, there have been lively discussions on forums, Facebook groups, at conferences, etc., about a ‘new’ technology which allows a ‘phone holder’ to measure a structure, with that technology providing a “Sketch” or “Floor Plan” of that structure.

Technology 99

Technology Real Estate Agent Inspection Appraisal 99

Realvals

DECEMBER 16, 2022

These charts present an accurate depiction of the Larkspur, California housing market using data from the local MLS (BAREIS MLS). This data offers a comprehensive view of the true market trends in the area. These charts are refreshed monthly and each includes a full year of information. * Bookmark this page if you want to keep up with the trends in the Larkspur housing market. *.

Home Value 78

Home Value Housing Market Marketing Inventory 78

Eyes on Housing

DECEMBER 13, 2022

Consumer prices in November saw the smallest year-over-year gain since December 2021.While still elevated, inflation experienced the second month below an 8% annual growth rate since February 2022. However, the shelter index continued to rise at an accelerated pace and was more than offsetting decreases in energy indexes. Shelter inflation will primarily be cooled in the future via additional housing.

145

145

Housing Wire

DECEMBER 16, 2022

After the booming volume of the last two years, this year has been more difficult than many expected. Production has dropped significantly, and many lender shops are focused on recruiting more loan officers to help make up the difference. . “As a company, we’ve had to really right-size our teams to make sure that we’re keeping our costs in line with the reduced production that we’re seeing,” said Courtney Graham , chief marketing officer and chief people officer at Princeton Mortgage.

Loan Officers 410

Loan Officers Marketing Mortgage 410

GoForrmz

DECEMBER 14, 2022

Best Practices for Your End-of-Year Data Like most companies around this time of year, yours is probably thinking about what worked, what didn’t work, and what could be improved for next year. For the past twelve months, you’ve gathered heaps of information on your business – everything from inventory to overtime hours. While this data has helped you navigate through the year, it can also chart your way to next year’s success.

Business 78

Business Inventory Modernization Marketing 78

Realvals

DECEMBER 14, 2022

The following charts provide a comprehensive view of the San Anselmo, California housing market, using data from the local MLS (BAREIS MLS). These charts are updated monthly and include a full year’s worth of data. * Bookmark this page if you want to keep up with the trends in the San Anselmo housing market. *. If you are a homeowner in San Anselmo or are considering buying a property there, these charts should be a valuable resource.

Home Value 78

Home Value Housing Market Marketing Inventory 78

Eyes on Housing

DECEMBER 14, 2022

Downshifting its pace of tightening of monetary policy, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 50 basis points, increasing that target to an upper bound of 4.5%. This marked a relatively smaller increase after four previous 75 basis point hikes. The Fed has clearly communicated it will continue to tighten monetary policy however, raising.

120

120

Housing Wire

DECEMBER 12, 2022

Figure Acquisition Corp. I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the privately held $3-5 billion asset holding company with nationwide residential mortgage lending and servicing operations.

Mortgage 410

Mortgage Technology Investors Business 410

The Appraiser Coach

DECEMBER 13, 2022

Imagine you’re at an inspection. During your standard walk-through, you look out the window and see a car pull up into the driveway. Your mind starts racing when you see. Read More.

Inspection 74

Inspection Agents Advertising Real Estate Agent 74

Lamacchia Realty

DECEMBER 13, 2022

Marjorie McCue has officially qualified for the 2022 President’s Club by surpassing $16,000,000 in sales volume and closing on 33 transactions this year. This is Marjorie’s first time reaching this impressive milestone and we couldn’t be happier for her! Marjorie has been helping her clients buy and sell for years, providing excellent and reliable service.

Realty 73

Realty Clients Marketing 73

Eyes on Housing

DECEMBER 12, 2022

The most recent release of the Z.1 Financial Accounts of the United States shows a sharp slowdown in the quarter-over-quarter growth of households’ real estate assets. After six consecutive quarters of above 3 percent growth quarter-over-quarter, the third quarter of 2022 saw a 1.74% increase in households’ real estate asset value. The level of households’ real estate assets increased by.

Real Estate 97

Real Estate Market Value Marketing Mortgage 97

Housing Wire

DECEMBER 16, 2022

Newly elected U.S. presidents have specific agendas they wish to accomplish within the first 100 days of their presidency. This started with Roosevelt. Young parents are reluctant to take their newborns out in public until after their first 100 days for fear of compromising the little one’s immune system. Once the first 100 days have been retired, a celebration ensures.

Mortgage 397

Mortgage Loan Officers Training Housing Market 397

Realvals

DECEMBER 13, 2022

The Novato, California housing market is accurately depicted in the following charts. The data is sourced directly from the local MLS (BAREIS MLS), providing a comprehensive view of the real estate trends in the market. These charts are updated on a monthly basis, and each includes a full year of data. * Bookmark this page if you want to keep up with the trends in the Novato housing market. *. “If you own a house in Novato or are considering purchasing one, this resource may help you gain

Home Value 60

Home Value Housing Market Marketing Inventory 60

Eppraisal

DECEMBER 13, 2022

Real estate listing agents didn’t have to do much to sell homes in the past couple years. Homes were selling at record-speed. Now that the real estate market is balancing out and home values aren’t rising as fast as they were the past couple years, it’s time for real estate agents to get a little more creative when listing homes.

Agents 68

Agents Home Value Real Estate Real Estate Agent 68

BiggerPockets

DECEMBER 15, 2022

Back in March and again in August, I noted that “We are undoubtedly reaching the limits of affordability for Americans,” which should “cool the real estate market” and likely “cause a correction” but […].

Housing Market 69

Housing Market Marketing Real Estate 69

Housing Wire

DECEMBER 14, 2022

After inflation slowed more rapidly than expected in November, the Federal Reserve raised the federal funds rate by 50 basis points on Wednesday to 4.25%-4.50%, a smaller interest rate hike than the 75 bps per meeting the Fed policymakers have stuck to since June. This slowdown is good news for the housing industry as it may lead to a decline in mortgage rates.

Mortgage 397

Mortgage Buyers Marketing Inventory 397

Mashvisor

DECEMBER 16, 2022

After a couple of years of turmoil in the real estate market, investors are eager to know the best states to buy investment property in 2023.

Investing 73

Investing Investors Real Estate Marketing 73

San Jose Real Estate

DECEMBER 14, 2022

We’ve learned about two websites for measuring noise pollution and thought our readers would be interested. In some cases, it can be surprising that the sound levels are lower or higher than anticipated! These are great tools for getting a general idea on volume, but you’ll want to check out any properties in person and […].

Tools 61

Tools 61

BiggerPockets

DECEMBER 13, 2022

Here are some weird but important facts. My friend and marketing expert, Perry Marshall, pointed this out: What do these buildings share in common? They’ve all been the world’s tallest […].

Marketing 68

Marketing 68

Housing Wire

DECEMBER 14, 2022

Slower housing market conditions , mortgage rate volatility and rising affordability challenges took their toll on the title insurance industry during the third quarter of 2022. During the quarter, the title insurance industry generated $5.4 billion in title insurance premiums, down 20.6% year over year , according to the American Land Title Association’s Market Share Analysis released Tuesday.

Insurance 397

Insurance Housing Market Marketing Mortgage 397

Hank Miller Team

DECEMBER 14, 2022

The art of persuasion, it’s a beautiful thing. Books have been written about it, master classes offered and expressions like “he could sell ice to an Eskimo” coined. Home buyers and home sellers dabble in the “persuasion” arena during the purchase process as they roll through the deal. The typical real estate agent doesn't dabble, they will do whatever necessary to secure their commission.

Appraisal 52

Appraisal Real Estate Agent Contracts Agents 52

Mortgagebroker News

DECEMBER 12, 2022

Are you working with a first time buyer? Here are tips on how to help them buy their first home easily, with help programs to access.

Buyers 68

Buyers 68

BiggerPockets

DECEMBER 11, 2022

A financial plan puts you on the path to long-term wealth and a life rich in time freedom. So why don’t most Americans have one? Everyday workers are often so […].

Investing 59

Investing 59

Housing Wire

DECEMBER 14, 2022

Nexbank, a privately held state-chartered bank in Texas and a subsidiary of NexBank Capital, Inc. , promoted Brian Ralston to executive vice president and chief mortgage banking officer. In his new position, Ralston will lead the mortgage banking division’s strategies and oversee origination and servicing operations of the wholesale, non-delegated and delegated correspondent channels, and warehouse lending.

Lending 397

Lending Business Mortgage Finance 397

National Association of Realtors

DECEMBER 12, 2022

A variety of circumstances, including a request by the seller, may lead to a formal review. It’s up to the lender.

Agents 64

Agents Appraisal Sellers 64