Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The National Home Builders Association ‘s June survey marks the sixth straight month that builder confidence has increased and is the first time that sentiment levels have surpassed the midpoint of 50 (out of 100) since July 2022.

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Sacramento Appraisal Blog

JUNE 22, 2023

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 6/30/23 Halftime report with Ben Johnston 10am (Zoom) […] The post A new home rebound & avocado toast first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Construction Housing Market Real Estate Appraisal 295

Real Estate News

JUNE 19, 2023

In light of ongoing lawsuits, brokers need to prepare their buyer agents to communicate their value and respond to objections around agreements and fees.

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Cleveland Appraisal Blog

JUNE 23, 2023

Hello, friends! I’m still playing catch-up from June. So, here is another article from guest blogger Ashley Rodriguez. In this article, she discusses some things to consider before buying land. I hope you enjoy her article! Photo by Markus Spiske on Pexels.com Buying land is a significant investment, and it requires the careful consideration of several factors before you proceed.

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Property Taxes Legal Law Property Appraisal 195

Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. On Monday, homebuilder confidence moved into positive territory for the first time in nearly a year, while Census data on new residential construction showed housing starts rose 21.7% from April, and up 5.7% from May 2022, to 1.63 million.

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The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. It’s not having a sports car or a big fancy house. My definition of wealth is the ability to do what I want, when I want, with whom I want, because I want. This is all within reason, of course. I’m not going to go out and dunk a basketball tomorrow; I’m not anywhere near the condition required for that.

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George Dell

JUNE 21, 2023

Standards: Credible v Reliable. Editor’s Note: This is Standards, part 3.4 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Here, we specifically note how the goal of having valuation standards can be updated to reflect today’s complete data, and computation analytics can be optimized for […] The post Move to EBV?

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Valuation 150

Housing Wire

JUNE 20, 2023

June is National Homeownership Month. It is a month when we celebrate the American Dream of homeownership and reflect on the current challenges that homeowners are facing today. The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment. During this National Homeownership Month in particular, homeowners should be wary of a new business practice preying upon vulnerable homeowners — non-title record

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The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. It’s not having a sports car or a big fancy house. My definition of wealth is the ability.

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Inspection Advertising Real Estate Agent Business 195

Real Estate News

JUNE 17, 2023

Getting started in real estate is tough — especially in the current market. But the "three C's" and other tips from pros can help new agents succeed.

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Agents Real Estate Marketing 245

Inman

JUNE 21, 2023

Bob Goldberg's contract will expire Dec. 31, and the executive plans to retire after three decades at NAR and four decades in real estate, according to the National Association of Realtors.

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Contracts Realtors Real Estate Agents 176

Housing Wire

JUNE 23, 2023

High mortgage rates , economic uncertainty and low housing inventory did very little to help title premium volume during the first quarter of 2023. In the first three months of the year, the title industry generated $3.37 billion in title insurance premiums, down 43% year over year, according to the American Land Title Association ’s Market Share Analysis , released Thursday.

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Appraiserblogs

JUNE 23, 2023

Marcia Fudge, the Secretary of HUD, decided to convene a special meeting of master minds with absolutely no real diversity, equity or inclusion included, with the intent of “closing the racial gap and increasing access to homeownership in African American communities.” Appraisers, all the racial mud-slinging against appraisers by the current government is extremely disheartening toward our honored profession.

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Training Appraisal Government Development 124

Real Estate News

JUNE 17, 2023

The percentage of below-median income households that own a home has climbed significantly, hitting 53% in the first quarter of 2023.

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Inman

JUNE 23, 2023

Join us this summer at Inman Connect Las Vegas — the transformative event that empowers real estate professionals to proactively position themselves for growth and seize the moment.

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Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. The CCM Smart Start program will provide eligible individuals with up to $4,000 in down payment assistance , granting them additional purchasing power. “Saving for a down payment can be a huge obstacle for first-time homebu

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Buyers Retail Loan Officers Insurance 370

Eyes on Housing

JUNE 22, 2023

Nonfarm payroll employment increased in 39 states and the District of Columbia in May compared to the previous month, while 11 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 339,000 in May, following a gain of 294,000 jobs in April. On a month-over-month basis, employment data was strong in Texas, which.

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Construction Marketing 103

Real Estate News

JUNE 23, 2023

Harvard's annual housing report found little change in the racial homeownership gap as prices rise and supply stagnates, but federal programs may help.

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Inman

JUNE 20, 2023

Self-storage and real estate investments provide returns and benefits that traditional investments may not offer, making them an attractive option for investors looking to diversify their portfolio and generate steady income.

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Housing Wire

JUNE 22, 2023

Appraisal Insights , an appraisal education company committed to eradicating bias, announced its official launch this week. The goal is to quip key stakeholders and decision-makers in the housing industry with the knowledge necessary for preventing bias and enhancing the quality and integrity of real estate appraisals. Founded by Jillian White , an SRA-designated appraiser with over two decades of leadership experience, the firm offers expertise to non-appraiser stakeholders, including regulator

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Appraisal Real Estate Design Tools 370

GoForrmz

JUNE 23, 2023

How Aristocrat Gaming gained a competitive advantage with GoFormz The world of casinos and gaming is vast, vibrant, and exciting! But that world moves quickly, and the team at Aristocrat Gaming was tired of delays. When they found GoFormz, they not only found a solution for better data management, they found a way to gain a competitive edge over other gaming manufacturers with faster data capture, standardized documentation, and faster jackpot payouts to their winners.

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Real Estate News

JUNE 21, 2023

Your choice of brokerage can have a big impact on your career. There are plenty of good reasons (and some not-so-good ones) to consider making a change.

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Inman

JUNE 22, 2023

Erin Morrison, 2022 National President Elect of the LGBTQ+ Real Estate Alliance and proud Texas Realtor, is afraid. And so are some of your clients. Here’s what you need to know.

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Real Estate Realtors Clients Brokerage 155

Housing Wire

JUNE 22, 2023

A coalition of trade associations — the Community Home Lenders of America (CHLA), the Community Association Institute (CAI) and the National Association of Realtors (NAR) — have submitted a letter to the Federal Housing Finance Agency (FHFA) that requests transparency in the development of final lending requirement guidelines for condominium and housing co-operatives.

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Appraisal Hub

JUNE 22, 2023

Are you selling your home? Like any seller, you want to get the best deal and close quickly. Real estate appraisal companies can guide you in pricing your property accurately and fairly so that it doesn’t stay too long in the market. Their report can also reveal what repairs you can do to potentially increase the value of your home. But while the appraiser plays a crucial role in assessing the value of a property, there are proactive steps you can take to enhance the likelihood of receiving a hi

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Appraisal Tips Real Estate Appraisal Sellers 78

Real Estate News

JUNE 23, 2023

Support for the LGBTQ+ community can take many forms, from a rainbow flag in a window — a "beacon of safety" — to providing resources for LGBTQ+ clients.

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Real Estate Clients 237

Inman

JUNE 20, 2023

Home prices stayed roughly the same, but rents climbed higher. Researchers say the Dutch experiment undercut supply, though it's unclear exactly how it would play out in the U.S.

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Landlords Investing 155

Housing Wire

JUNE 21, 2023

On the heels of the Federal Reserve pausing its rate hikes, mortgage demand increased, but only slightly. For the week that ended June 21, mortgage applications only climbed 0.5% from the prior week , according to the Mortgage Bankers Association. This slow growth highlights that while demand is there and rates have fallen for three consecutive weeks, activity continues to be constrained by low levels of affordable inventory.

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Mortgage Inventory Construction Buyers 370

Empire Appraisal Group

JUNE 22, 2023

Why Few Listings? 82% Have a Mortgage Rate Below 5% Source: [link] By Kerry Smith Homeowners don’t want to lose a mortgage rate that saves them hundreds of dollars a month. And of today’s owners with a mortgage, 1 in 4 enjoys a rate less than 3%. SEATTLE – More than nine of every 10 (91.8%) U.S. homeowners with a mortgage have an interest rate below 6%, according to a report from Redfin.

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Mortgage Sellers Buyers New Listings 78

Real Estate News

JUNE 22, 2023

Numbers are still far below where they were a year ago, and inventory gains are largely due to the "abundant" supply of newly constructed homes.

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Inventory Construction 226

Inman

JUNE 21, 2023

It wasn't easy, but builders survived the market downturn without mass layoffs. And they've clawed their way back near normal sales levels.

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Real Estate Marketing Construction Inventory 171

Housing Wire

JUNE 22, 2023

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial.

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Loan Officers Mortgage Real Estate Agent Business 370

Valuation Review

JUNE 21, 2023

Valuation Review concludes its conversation with Rachel Goldman, associate advisor for SVN Commercial Advisory Group, for more of her thoughts on a career in commercial real estate and the challenges she faced as a Black woman in the industry. Goldman emphasizes that working hard can make a difference. Read on for the conclusion of this feature story.

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Real Estate News

JUNE 21, 2023

Bob Goldberg announced that he will leave the role when his current contract ends.

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Contracts 294