Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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Real estate trends to watch in 2023

Sacramento Appraisal Blog

What’s the real estate market going to do in 2023? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly or digest slowly.

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New cash-out fees add to pain for mortgage lenders

Housing Wire

The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. It represented the lowest level of activity in 27 years.

Mortgage 501
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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

Welcome to 2023! I hope that you all had a nice time off over the past month. We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years.

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November Private Residential Spending Dips

Eyes on Housing

Private residential construction spending declined 0.5% in November, as spending on single-family construction plunged 2.9%. Private residential construction spending fell for the six consecutive month, standing at an annual pace of $868 billion. However, this total remains 5.3%

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‘Don’t fear third-party data,’ Fannie Mae says

Valuation Review

#FannieMae #AppraiserUpdate #December2022newsletter #desktopappraisals #thirdpartydata

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history.

More Trending

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Wage Growth Slowing

Eyes on Housing

Job growth slowed in recent months, but the overall labor market remains tight. In December, total nonfarm payroll employment increased by 223,000, and the unemployment rate ticked down to 3.5%, back to its lowest point before the pandemic.

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Company officer addresses ensuring reliable home valuations

Valuation Review

#automatedvaluationmodels #homevaluations #distressedproperties #increasingAVMaccuracy

Valuation 142
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Solid jobs report sends mortgage rates lower

Housing Wire

Can we have a soft landing in the economy? Friday’s job report shows there is a clear pathway to get there. Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022.

Mortgage 490
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Bias and Discrimination in Reports, Yes or No?

Appraiserblogs

Appraisers, should we include discussion of B&D in our reports? Wait, What?? Bondage and Discipline? No, not that. Bias and Discrimination. Yes, it must be addressed very clearly.

Training 130
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Consumer Confidence Bounced Back in December

Eyes on Housing

Consumer confidence rose to an eight-month high in December as declining gas prices and easing inflation contributed to more optimistic views of economy. However, spending plans were mixed.

Mortgage 154
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Racial equity agreement reached with Missouri housing provider

Valuation Review

#USDepartmentofHousingandUrbanDevelopment #affordablerentalhousing #complianceagreement

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Housing Market Recession

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event.

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Appraisers the Convenient Scapegoats

Appraiserblogs

The appraisers are the convenient scapegoats every time. Anytime the real estate market takes a hit, 99% of the time it is because of banking and lending practices. The appraisers are the convenient scapegoats every time.

Appraisal 123
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Construction Job Openings Likely Peaked

Eyes on Housing

The count of open, unfilled jobs for the overall economy declined slightly in November, falling from 10.51 million open positions to 10.46 million. This represents a decrease from a year ago (10.92 million), a sign the labor market is slowing in response to tighter monetary policy.

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23 ways to generate leads in 2023

Inman

Lead generation is the lifeblood of a successful real estate business, writes Jimmy Burgess. What are you going to do in 2023 to take your business to the next level? Agent Brokerage Columns Lead Generation Marketing New Agent Select Service Teams Video 2023 jimmy burgess start strong

Business 148
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Pending home sales fall 38% in November

Housing Wire

Pending home sales fell for the sixth consecutive month in November, recording a 4.0% month-over-month drop that resulted in an index reading of 73.9, according to data released last Wednesday by the National Association of Realtors.

Contracts 456
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Join Us at World of Concrete 2023

GoForrmz

The GoFormz team will be exhibiting at World of Concrete in Las Vegas! We are thrilled to be attending World of Concrete in Las Vegas, Nevada, January 17-19, 2023. Will we see you there?

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Appraising Small Income Properties

McKissock

As part of our contributor series, Steven W. Vehmeier, Appraisal Educator Emeritus, shares his insights into appraising small income properties. The topic of this blog is two-to-four unit residential income properties.

Appraisal 101
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Top 10 never-fail home staging tips for agents

Inman

When done right, staging evokes a stronger emotional tie for buyers, which translates to a greater commitment to the home. . Agent Agent Appreciation Month Design Listings Marketing New Agent Select Service Staging Theme Months misty soldwisch staging Theme-month-202301

Agents 140
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Housing Market Tracker: Inventory falls again

Housing Wire

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday.

Inventory 451
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What Could Make Home Prices Drop in 2023?

Empire Appraisal Group

What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? Florida Realtors. Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. NEW YORK – The U.S.

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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

At the end of the holiday season, we start hearing the phrase repeatedly used in weight loss industry advertisements, “New Year, New You!”

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Inman’s Top 5 stories for the week of Dec. 30, 2022 – Jan. 5, 2023

Inman

Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Dec. 30, 2022 through Jan. 5, 2023. Agent Service Inman top 5 top 5

Agents 134
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UWM scores partial win in broker ultimatum lawsuit

Housing Wire

Top U.S. lender United Wholesale Mortgage (UWM) notched a partial win in a lawsuit against broker shop America’s MoneyLine (AML) regarding the controversial “ultimatum” it imposed two years ago.

Legal 448
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New Year brings new appraisal insights from the ‘coach’

Valuation Review

#DustinHarris #TheAppraiserCoach #appraisers #businesstips

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Wishing you good times, good cheer and a memorable new year.

Empire Appraisal Group

Wishing you good times, good cheer and a memorable new year. All of us at Empire Appraisal Group want to thank you for your business, loyalty, and support this past year. We hope to see you again in the new year! Empire Appraisal Group, Inc. 8492 NW 15th Court. Coral Springs, FL 33071.

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Independent landlords, rest easy with RentRedi: Tech Review

Inman

RentRedi is a six-year-old software company with hundreds of thousands of units under management totaling close to $10 billion in value.

Landlords 129
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Mortgage industry grieves death of Regina Lowrie, the MBA’s first female chair

Housing Wire

Regina Lowrie, the first female chair of the Mortgage Bankers Association , died suddenly on Jan. She was 68.

Mortgage 427
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Market condition changes remain challenging, appraiser says

Valuation Review

#appraisalprofession2023 #appraiserinterviews #classvaluation #marketswillremaintopicsofconversation

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Valcre's 2022 Year-in-Review and What's Ahead

Valcre

The future of commercial real estate appraisal has arrived, and we have technology to thank. This past year, Team Valcre remained steadfast on equipping commercial real estate appraisers with a top-shelf solution for achieving a higher volume of business in less time.

Tools 76
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Compass seeks to sublease NYC headquarters in belt-tightening play

Inman

The New York-based brokerage is shopping around 89,000 square feet of office space at 90 Fifth Ave. in Manhattan as it looks for ways to stem its losses, which clocked in at $154 million in 3Q22. Agent Brokerage Select 90 Fifth Ave. compass Rory Golod

Brokerage 129
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Eyeing expansion, Go Mortgage snags 160+ former FoA employees

Housing Wire

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender.

Mortgage 422
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Stellar founder discusses funding to enhance technology

Valuation Review

#Stellar #technologydrivenmarketplace #maintenanceatscale #SingleFamilyRentalmarket #SeriesB