George Dell
NOVEMBER 22, 2022
Editor’s Note: Is the Definition of Market Value Outdated? is a Guest Post from Bruce Hahn, SRA, MAI, CRE, CCIM. Why has the current definition of market value been around without change for so long? Many decades in fact!
Housing Wire
NOVEMBER 23, 2022
It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power.
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Sacramento Appraisal Blog
NOVEMBER 21, 2022
I don’t recommend talking about real estate during Thanksgiving dinner, but if you need some flavorful conversation, I’ve got you covered.
Eyes on Housing
NOVEMBER 23, 2022
New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S.
Valuation Review
NOVEMBER 21, 2022
#mortgagedresidentialproperties #equityrich #ATTOM
Housing Wire
NOVEMBER 23, 2022
Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. .
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Eyes on Housing
NOVEMBER 21, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year.
Empire Appraisal Group
NOVEMBER 23, 2022
Source: Opendoor Lost Close to $1B in 3Q | Florida Realtors. By Kerry Smith. The RE market changed quickly as the Fed raised interest rates, and Opendoor’s CEO blamed that “once-in-forty-years market transition” for its $928M loss. Opendoor Lost Close to $1B in 3Q.
Housing Wire
NOVEMBER 23, 2022
Today new home sales beat estimates , and new home median sales prices hit an all-time high. What is going on here? My job is always to be the detective, not the troll so let’s take a look at today’s data, as there is a constant theme here that I have talked about for some time.
Valuation Review
NOVEMBER 21, 2022
#AppraisalInstitute #governmentrelations #proposednationallegislation #statelegislation
Eyes on Housing
NOVEMBER 22, 2022
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2022. At 141,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986.
McKissock
NOVEMBER 22, 2022
When you are comparing like properties, pulling comps isn’t all that difficult. However, when it comes to atypical properties , the process becomes much more challenging.
Housing Wire
NOVEMBER 23, 2022
With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2%
Valuation Review
NOVEMBER 21, 2022
#Thanksgiving #tradition, #thankfulappraisers #holiday
Eyes on Housing
NOVEMBER 21, 2022
An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. During the housing boom after covid, this led to a rise for new single-family home size.
Appraisers Blog
NOVEMBER 22, 2022
That article mentioned three on-line services which claim to provide accurate property values. In alphabetical order, those services were REDFIN, ReMax, and Zillow. Folks, in all the diatribes against appraisers by people who believe “we” have built-in systemic bias, the topic of AVMs has come up.
Housing Wire
NOVEMBER 22, 2022
Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy.
Lamacchia Realty
NOVEMBER 22, 2022
We are thrilled to announce that Beth Byrd , a well-known and highly respected Leader and REALTOR® in the Connecticut real estate industry, has joined Lamacchia Realty.
Eyes on Housing
NOVEMBER 23, 2022
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties.
San Jose Real Estate
NOVEMBER 21, 2022
A study of 8 online home valuation sites and how different the answer is to the question "what's my home worth?".
Housing Wire
NOVEMBER 21, 2022
In late October, the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department , announced its decision to again expand its Geographic Targeting Orders (GTOs).
Lamacchia Realty
NOVEMBER 22, 2022
We are pleased to announce that Gina Shumilla , a well know Real Estate Leader in Central Connecticut, has joined Lamacchia Realty. Gina joined alongside Beth Byrd as the first two Managers to head the new Lamacchia Realty Connecticut expansion.
Eyes on Housing
NOVEMBER 21, 2022
Nonfarm payroll employment increased in 42 states in October compared to the previous month while eight states and the District of Columbia lost jobs.
Valuation Review
NOVEMBER 21, 2022
#Realtors #eSignature #lockbox #technology #2022TechnologySurveyfromtheNationalAssociationofRealtors
Housing Wire
NOVEMBER 21, 2022
The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. Fannie Mae ‘s Economic and Strategic Research (ESR) Group forecasts single-family home sales to post 5.67 million in 2022 before dropping to 4.42
Lamacchia Realty
NOVEMBER 21, 2022
DECORATING YOUR HOME FOR THE HOLIDAYS WHEN IT'S ON THE MARKET. The most wonderful time of the year is right around the corner, and that means it’s time for holiday movies, hot cocoa, and of course decking the halls with boughs of holly!
Eppraisal
NOVEMBER 25, 2022
In the previous installment, readers discovered that there are profits to be realized when investing in properties with affordable housing units. In addition, landlords who do so are providing a service to the community.
Valuation Review
NOVEMBER 21, 2022
#FederalHousingFinanceAgency #UniformAppraisalDataset #AggregateStatisticsDataFile
Housing Wire
NOVEMBER 22, 2022
Prepayment activity fell to another record low in October amid mortgage rates topping 7% and refis drying up. Black Knight expects that the steep declines in rate lock volume and seasonality factors point to further declines in prepayment activity. Prepayment dropped 16.5%
Appraisal Hub
NOVEMBER 23, 2022
The Toronto housing market is slowing down, showing a 6% decline in October 2022 compared to the same period last year. Now might be the best time to sell your home and avoid further falls in the market.
Eppraisal
NOVEMBER 22, 2022
As a rule of thumb, investors in rental properties look for tenants who pay rent consistently and have the pockets to pay decently. This assures steady income and financial security. Yet there is a segment of the population that also represents profitability even though they have few funds to spare.
Valuation Review
NOVEMBER 21, 2022
The #AppraisalInstitute announced CEO Jim Amorin will resign effective Feb. 14, 2023. appraisers
Housing Wire
NOVEMBER 21, 2022
The forbearance rate increased marginally in October after more than two years of declines, the Mortgage Bankers Association (MBA) reported Monday. The trade group previously noted that it expected pressures due to worsening economic conditions. .
GoForrmz
NOVEMBER 23, 2022
What we’re thankful for this Thanksgiving Thanksgiving is tomorrow and to celebrate the holiday, we want to share what our team is thankful for. At GoFormz, we take pride in not only the work we do for our customers but the environment we create for our employees.
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