Housing Wire
DECEMBER 10, 2021
As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down?
Cleveland Appraisal Blog
SEPTEMBER 3, 2021
In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes.
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Housing Wire
DECEMBER 20, 2021
Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime.
Appraisal Buzz
DECEMBER 29, 2021
In today’s Buzzcast, we dive into the new ANSI standards announced for appraisers. Today we have Joan Trice, Founder of Allterra Group, LLC., and Bryan Reynolds, Appraiser eLearning Partner. We’ll be getting the inside scoop while they discuss the new updates and their impacts on appraisers.
Housing Wire
NOVEMBER 11, 2021
You could buy a top-of-the-line laptop and a new cell phone to match, or you could pay one month’s rent for a single-family home in Los Angeles. It’s not much better for prospective single-family renters across California, a study by HouseCanary found.
Cleveland Appraisal Blog
NOVEMBER 11, 2021
I have written several articles demonstrating the inaccuracy of AVMs like Zillow’s Zestimates.
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Appraisal Buzz
DECEMBER 27, 2021
The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. Total year-end sales volume ended at 5.64 million units , and some experts say it could reach 8 million if there were more inventory. Therein lies the problem.
Housing Wire
OCTOBER 22, 2021
Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4%
Housing Wire
OCTOBER 8, 2021
Skyrocketing U.S. home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. The median home price nationwide in August increased 14.9%
Sacramento Appraisal Blog
MAY 25, 2021
Dear Sellers, How are things? I hope all is well. The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. This is coming from a good place and it’s based on observations and conversations with the real estate community.
Miller Samuel
MAY 18, 2021
Over the past year, beginning with this NY Times piece: Black Homeowners Face Discrimination in Appraisals that initiated a rising progression of news stories covering discrimination in the appraisal of houses. So I looked at U.S. labor force data from the U.S.
The Appraiser Coach
SEPTEMBER 28, 2021
All three states that I’m licensed in, Idaho, Utah and Wyoming, are non-disclosure states. I’ve never worked in a disclosure state and so I’m always a bit surprised when I’m. Read More.
George Dell
JULY 21, 2021
Appraisal standards and regulations are mostly designed to discourage personal bias. But what about traditional appraisal practice? To understand this question, we must separate personal bias from analytic bias.
Sacramento Appraisal Blog
NOVEMBER 8, 2021
Last week Zillow announced failure as a home flipper and there were no candle vigils. But there has been so much talk and I’ve heard everything from “This means the market is going to crash” to “The iBuyer model is dead.”
Sacramento Appraisal Blog
SEPTEMBER 29, 2021
Goodbye single family zoning. If you didn’t know, two weeks ago SB9 was signed into law in California, which now allows property owners to build a duplex on any residential lot or subdivide to build up to four units. This is massive news, so let’s talk about it.
Cleveland Appraisal Blog
AUGUST 20, 2021
If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. I’ve written about this topic in the past.
Sacramento Appraisal Blog
AUGUST 17, 2021
I have three things on my mind today. I’d love to share a helpful analogy for today’s housing market, let’s talk about unrealistic seller expectations, and then unpack some fresh stats.
Sacramento Appraisal Blog
AUGUST 11, 2021
The housing market has turned the corner and we are seeing definitive slowing. Here are ten ways I’m seeing slowing in the market. If you’re not local, what are you seeing in your area? NOT DULL: The market is slowing, but it’s not dull. It is still really competitive.
Sacramento Appraisal Blog
JULY 26, 2021
Are prices finally starting to slow? Can it really be happening? Has the housing market likely peaked for the year? The answer is YES. Here are two quick things on my mind.
Housing Wire
NOVEMBER 1, 2021
With mortgage rates falling during the COVID-19 crisis, many households were able to refinance to lower payments.
Sacramento Appraisal Blog
JULY 12, 2021
The housing market is slowing and today I want to share seven quick ways I’m seeing that. But here’s the thing. This market is still driving at warp speed. In short, the market is slowing, but it’s not slow.
Miller Samuel
MAY 1, 2021
This is my fourth appearance with my friend Barry Ritholtz, a prolific columnist/blogger, radio show host/podcaster , and wealth management firm head on his Masters In Business show for Bloomberg Radio. He previously interviewed me in 2014 , 2016 and 2020.
The Appraiser Coach
MAY 18, 2021
It is no secret that we as appraisers take a lot of photos. I probably take about 20-25 per house that I inspect. Then there are all the comp photos. Read More.
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!
Sacramento Appraisal Blog
JULY 20, 2021
Do you need a closet to be considered a bedroom? That’s a big question and the answer is simple. Actually, it’s not. Here are some things to consider. NOTE: This post does not address the requirements to be a bedroom.
Sacramento Appraisal Blog
OCTOBER 5, 2021
Tech companies and investment funds have their eye on residential housing. I wrote about this a few months ago and wanted to do a follow-up piece. Here are some things on my mind as well as fresh visuals. Any thoughts? TWO THINGS: 1) iBuyers are on a rampage: The iBuyer model has been on a […].
Cleveland Appraisal Blog
MAY 27, 2021
Who needs an appraiser when one has cash? That’s a question a good friend asked me after telling me that a home on the same street from them sold, in hours, for a much higher price than many other generally similar homes are selling for in the neighborhood. The buyers paid cash.
Sacramento Appraisal Blog
AUGUST 3, 2021
Is it a poor neighborhood? Is it rich? Is the neighborhood desirable or undesirable? Is it family-friendly? Is it crime-ridden? These are words some might use to describe certain neighborhoods, but they’re 100% off limits for appraisers (and probably other real estate professionals).
Sacramento Appraisal Blog
DECEMBER 1, 2021
It’s real estate prediction season and I have a few thoughts about the beginning of next year. I’m cautious about predicting because my crystal ball is broken, but it’s a no-brainer to say we’re poised to start next year with heavy competition.
Sacramento Appraisal Blog
SEPTEMBER 14, 2021
We’re seeing more price reductions lately. Does this mean the market is starting to collapse? Are things beginning to turn? Is this 2008 all over again? I’ve been getting great questions like this lately, so let’s talk shop.
Housing Wire
OCTOBER 5, 2021
Nearly one quarter of U.S. home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021.
Sacramento Appraisal Blog
AUGUST 25, 2021
How much is a bedroom worth? What sort of adjustments do you give when looking at two houses with a difference of one bedroom? It’s always $10,000, right? Or wait, someone else said $20,000. What’s the truth? Let’s talk about this today.
Miller Samuel
JUNE 18, 2021
[click image for free registration]. I'm a Counselor of Real Estate (CRE) and wanted to share this. Join The Counselors of Real Estate on June 23 for the unveiling of the 2021-22 Top Ten Issues Affecting Real Estate ®.
The Appraiser Coach
DECEMBER 14, 2021
Can you do a rental schedule on a property that you have not appraised? This was a question recently asked in my closed Facebook All-Stars group. Within this private group, Read More.
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