Housing Wire
APRIL 19, 2021
A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housing market crash. They may be wishing for it, or they may be fearing that it will happen — but they are thinking about it. I understand the concern. A home is your shelter.
The Appraiser Coach
APRIL 20, 2021
I recently met with another appraiser who admitted to me he was still using a clipboard and pen. There are very few people out there still using these; most appraisers. Read More.
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George Dell
APRIL 21, 2021
Could the very definition of market value hold bias? Let’s look. First, we need to figure out what types of bias there might be. There are two major categories: 1) analytical bias; and 2) human bias. And there may be some overlap! Analytical bias generally comes from two places: Error in data selection; Error in […]. The post Is Market Value Itself Biased?
Sacramento Appraisal Blog
APRIL 20, 2021
“Help. We can’t find an appraiser to come to the property. Everyone is saying NO. What do you suggest?” I’ve been getting this question multiple times every week, so here are some thoughts. Market update: By the way, in case you needed some background noise, here’s an hour-long market update I gave for SAFE Credit […].
Housing Wire
APRIL 22, 2021
According to the National Association of Realtors, March’s existing-home sales came in at 6.01 million. Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.
Cleveland Appraisal Blog
APRIL 23, 2021
Hello everyone! I hope that you are doing good and hanging in there! Every now and then, I have a guest blogger that covers a topic that is not related to real estate. This is the case today. This week, my guest blogger is June Duncan. June reached out to me to see if I would be interested in having her write a piece for the Cleveland Appraisal Blog, on helping the elderly or disabled when they are in decline.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraiserblogs
APRIL 22, 2021
It was a bit surprising how little attention was paid to the announcement of Madoff’s death in prison. Good. His returns were amazingly linear and there were a number of people that kept calling out the ponzi but he was close with regulators. Because my firm is located in NYC, we’ve ended up doing appraisals in matters related to the post-Madoff tragedy/cleanup.
Housing Wire
APRIL 23, 2021
Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous months. I expect this month’s headline to be revised lower a tad next month, but even considering that, this report was the best new home sales report in over a decade.
McKissock
APRIL 20, 2021
Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Industry veterans may also find that working for a part-time real estate agent salary provides an alternate or transition to retirement or a way to balance work and family life.
GoForrmz
APRIL 23, 2021
General Manager, Construction, Mike Wood, discusses his new role at GoFormz and construction’s digital-centric future. From the job site to the halls of Procore HQ, Mike Wood has spent the last decade working within the construction industry. As Mike’s career evolved, so did construction’s relationship with digital solutions and technology. The construction industry has traditionally been resistant to digital adoption.
BiggerPockets
APRIL 22, 2021
Your ability to qualify for a mortgage hinges on your home appraisal—so how can you maximize your home's value? Here, learn how to challenge a low appraisal and get the highest valuation possible.
Housing Wire
APRIL 22, 2021
For the first time in nearly two months, mortgage rates dropped below 3% last week, down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. “The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low-rate environment,” said Sam Khater, Freddie Mac’s chief economist.
McKissock
APRIL 20, 2021
We love to hate them. But with a majority of the mortgage appraisal volume being engaged through appraisal management companies, as an appraiser, working with AMCs is almost a necessity today. One way to boost your business is by working smarter with your AMC partners. Here are ten tips designed to help you improve your appraiser score, get more assignments close to home, and earn more money working with AMCs. 1.
DW Slater Company
APRIL 23, 2021
Photo by nagaraju gajula from Pexels. It has certainly been an interesting and busy spring! We are still seeing impacts from the winter storm in February. Many are still having repairs done to their homes due to the massive amount of damage that occurred from frozen pipes. They are still gathering the death toll but it is currently at 111 deaths. Our hearts go out to those with great losses from this catastrophic event.
Empire Appraisal Group
APRIL 22, 2021
Housing Demand Likely to Stay High for Years to Come. Source: Housing Demand Likely to Stay High for Years to Come | Florida Realtors. While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. MECKLENBURG, Tenn. – Low rates of household formation since the Great Recession have caused 5.7 million “missing” households, a new Zillow analysis finds.
Housing Wire
APRIL 21, 2021
As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. history. But future risk still remains, and much remains undecided about the future of credit scores.
Yolo Solano Appraisal Blog
APRIL 21, 2021
I hope you’ve had your Covid-19 vaccine shots. If not and you’re in California, sign up now here. Inventory continues to be low in the region with rising prices and competition for most properties. Sales volume is rising as shown below for Davis and Woodland: Inventory has risen in Davis but is still on the […].
Raleigh Realty
APRIL 21, 2021
Living in Wendell, NC Thinking about Moving to Wendell, North Carolina? Find out what it's like living here Wendell is an up-and-coming community consisting of private homes, local eateries, vintage buildings, and parks. The town itself gives off the vibe of having all the big city charm found in larger metropolises yet still retaining its small-town atmosphere.
GoForrmz
APRIL 19, 2021
We are excited to announce that next week (April 27-29) GoFormz will be sponsoring (virtual) Field Service USA – will we see you there? If you will be in attendance, be sure to schedule and attend a demo of the GoFormz mobile forms platform to get your free GoFormz ‘Fun Pack’ *. Be sure to drop in to our virtual booth and attend our digital roundtable featuring Goldwind USA!
Housing Wire
APRIL 21, 2021
Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Redfin defines “luxury” homes as selling for an average of $975,000, “expensive” homes as selling for an average of $429,000, “mid-priced” as selling for an average of $272,000, “affordable” as selling for an average of $184,400, and “most affordable”
McKissock
APRIL 21, 2021
The Appraisal Foundation has created a survey for appraisers that is intended to gather demographic data about the appraisal profession. The survey can be accessed by clicking HERE. Much of the information that exists about the demographics of the appraisal profession is anecdotal. This survey is an opportunity to produce a more accurate and complete picture of the demographics of the appraisal profession.
BiggerPockets
APRIL 20, 2021
Short-term stays using popular rental services like Airbnb are quickly becoming the norm. But being a host can change your tax liability? If investors are not careful, they may end up paying additional taxes. Here's how to avoid self-employment taxes.
Valuation Review
APRIL 21, 2021
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, announced that Sheridan Whipple has been promoted to vice president of business analysis. Read on to learn more.
Housing Wire
APRIL 20, 2021
In analyzing more than 7 million homes sold between 2013 and the beginning of 2021, Redfin found homes in Black neighborhoods are undervalued by an average of $46,000 compared to homes in primarily white neighborhoods, the company said. The report accounts for the fundamental factors contributing to a home’s value, such as size, condition, neighborhood amenities and schools.
McKissock
APRIL 18, 2021
Working in real estate can be highly rewarding both financially and in terms of career satisfaction. However, any agent would tell you that it’s not always as glamorous or effortless as shows on HGTV would make it seem. Last month (March), we asked our CE Plus members , “What is the most common misconception about working in real estate?” Here are some of the most common answers. “Most don’t consider that like any self-employment, there are expenses.
BiggerPockets
APRIL 21, 2021
Hiring a professional inspector is an essential part of the home-buying process—but all home buyers and investors should know how to quickly assess a property's condition. Here's what to look for during your walkthrough.
Valuation Review
APRIL 21, 2021
Voxtur Analytics Corp. has closed its deal to acquire Appraisers Now, Ltd. Total consideration for the acquisition was approximately $30.5 million. Read on for more information.
Housing Wire
APRIL 23, 2021
While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. After last year’s record $3.83 trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28 trillion, which would still be the third-highest total on record.
Clear Capital
APRIL 19, 2021
Available today through a friendly interface, ClearProp is an interactive property valuation tool that enables quick and reliable assessment of nearly every property in the U.S. RENO, Nev. — April 20, 2021 — Clear Capital, a real estate valuation and analytics fintech leader, today announced its all-new ClearProp , a comprehensive property valuation and analytics tool with nationwide coverage that enables quick and accurate property value conclusions.
BiggerPockets
APRIL 19, 2021
Real estate regularly goes through multi-year cycles of boom and bust periods. These cycles can be broken into four periods—but what investing strategies should you adopt during each step in the cycle?
Valuation Review
APRIL 21, 2021
JLL Valuation Advisory recently hired Jeff Manas to head its new environmental and property condition service. The move was made in order to provide an end-to-end solution for clients and create a unified, best-in-class resource for third-party due diligence reports in the U.S., the company announced in a release. Read on to learn more.
Housing Wire
APRIL 21, 2021
After six consecutive weeks of dips , mortgage applications rose 8.6% in the latest report from the Mortgage Bankers Association. The jump in applications can be traced to mortgage rates falling to the lowest level in two months, prompting a small resurgence in refinance activity, said Joel Kan, MBA associate vice president of economic and industry forecasting. “Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showin
Listing Spark
APRIL 21, 2021
Do I need to stage my home before I put it on the market? We get asked this question all the time. Some real estate agents and other industry professionals believe that answer is always yes. Personally, I can’t find a reason why it would ever hurt. So this entire article will be a comprehensive list of various home staging tips that can help your home sell quicker and for a higher price.
BiggerPockets
APRIL 20, 2021
We live in a digital age. Let’s face it—there’s almost nothing you can’t do online. Savvy renters want to organize their rent payments, maintenance requests, and sign rental leases online. Here's how landlords can help them.
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