Housing Wire

MAY 19, 2022

Economics done right should be boring, and you always want to be the detective, not the troll. We are sitting with just 2.2 More days on the market is the number on the short-term data line that I want to rise to above 30 days. Inventory is always seasonal. It rises in the spring and summer and fades in the fall and winter.

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Housing Wire

NOVEMBER 29, 2021

“ Economics done right should be boring “ Trust me, in this day and age of the seven-second attention span, promoting doom and gloom, housing crashes and vast economic conspiracies is the best way to get clicks. This is a big reason why I always have my two staple sayings. The title I do believe is fitting: Bear Crusher.

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Housing Wire

DECEMBER 30, 2022

In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022. I think we’re going to head into next year with a very similar product set as we have right now,” Banosian said, adding there has been a huge demand for home equity products.

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Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Hopefully, this is just a blip, which can occur from time to time with weekly data. didn’t go into recession until 2008. The total NAR inventory is still 980,000.

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Housing Wire

JUNE 8, 2022

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? Not many people liked this market, but it was as good as it gets because the days on the market climbed to over 30 days and we had no drama. million until then as well.

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Inventory Housing Market Marketing Mortgage 545

Appraisal Buzz

AUGUST 23, 2021

We tend to call this calculation ‘dollars per hour,’ as in, “I just billed out $200 per hour,” or “I make $100 per hour.” So, $100,000 minus $15,000 in costs (this is just a hypothetical number, yours might be more or less) leaves you with $85,000. That’s right! 20% of $85,000 is another $17,000. that equals 3000 hours.

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Appraisal Buzz

AUGUST 23, 2021

We tend to call this calculation ‘dollars per hour,’ as in, “I just billed out $200 per hour,” or “I make $100 per hour.” So, $100,000 minus $15,000 in costs (this is just a hypothetical number, yours might be more or less) leaves you with $85,000. That’s right! 20% of $85,000 is another $17,000. that equals 3000 hours.

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Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. All else being equal, the more recent the sale is, the more weight should be placed on the comp’s value. Time and Comps.

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Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

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Inventory Housing Market Marketing New Listings 458

Appraisal Today

DECEMBER 1, 2023

Pulling comps from the other side of the freeway By Ryan Lundquist Excerpts: It can be a REALLY bad idea to pull comps from the other side of the freeway, but not always. Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports.

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Housing Wire

MARCH 21, 2024

However, like last year, we were just riding the wave of better purchase application data. The year-over-year comps were tough this month; for most of the year, we would have been positive year over year. These comps will get easier as the year progresses. So, it’s heading in the right direction, just very slowly.

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Inventory Housing Market Mortgage Marketing 496

Appraisal Today

FEBRUARY 23, 2024

The challenge of pulling comps in 2024 By Ryan Lundquist February 14, 2024 Excerpts: Pulling comps in 2024 is tough. If we have 40% fewer sales happening, that means there are 40% fewer comps. GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood.

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Appraisal Today

MARCH 22, 2024

Good analysis of factors in comp selection. Lavish details include an indoor hockey rink; indoor and outdoor pools; and a 30-car, underground auto showroom. 3 car garage off the mudroom along with 3 car port cochere for day to day parking, with further parking for over 30 cars. Excerpts: 10 bedrooms, 14.5+ baths, 17,878 sq.ft.,

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Birmingham Appraisal

JULY 7, 2022

1) Using old sales data for pricing – In a stable market using older sales may not matter, however, in a changing market like we are in right now it would not be wise. These are in fact the best sales available as they reflect what is happening currently instead of 30, 60, or 90 days ago.

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Appraisal Marketing Contracts Buyers 63

Appraisal Today

JANUARY 20, 2023

Walk around holding a clipboard just like “Skip” down at the Jiffy Lube. Concessions increased over 30% in the previous quarter and the fourth quarter of 2021. Top Ten Reasons Why It Is Great to be an Appraiser! Dazzle your friends with your knowledge of external obsolescence. The wonderful world of rats, bats, and spiders.

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Housing Wire

APRIL 15, 2022

We would like to get this back to 30 days, but anything in the 20s is a victory. We went from a 30% year-over-year decline at the end of 2021 to just a negative year-over-year decrease of 14.8%. COVID-19 has wrecked the comps for many economic data lines, so COVID-19 adjustments need to be made. Some data to consider: 1.

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Appraisal Today

APRIL 26, 2024

To read more, Click Here My comments: We all see comps that seem to sell below market. Some estate sales occur when the beneficiaries just want to get rid of the property and don’t want to fix it up for sale. Some estate sales occur when the beneficiaries just want to get rid of the property and don’t want to fix it up for sale.

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Appraisal Real Estate Real Estate Agent Contracts 76

Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? This is a very local trend – not just a national stat where we can say Invitation Homes owns about 80,000 units across the country. 3) NOT BUYING RIGHT NOW: The bulk of these units were purchased five to eleven years ago. But that begs a question… similar how? With only one owner, the.47-acre

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Appraisal Real Estate Contracts Design 66

Appraisal Today

APRIL 14, 2023

There are few comps as almost all homes are fixed up for sale. Even if you have comps, there is often a very wide range of conditions. 9 Spectacular Homes That Let You Enjoy Life Right on the Water Photo above shows a home overlooking the renowned Hawaiian surf break called Acid Drops. There are some good ideas in this post.

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Appraisal Bracketing Contracts Valuation 52

Appraisal Today

MARCH 15, 2024

Let the Sunshine In: 5 Gorgeous Glass Houses That Make Full Use of Daylight Saving Time Just For Fun! We’ve found five glorious examples of glass houses on the market right now. I always get jet lag from traveling east, even just one time zone (daylight savings time). Well written. What if there are few rural areas near you?

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Housing Wire

JANUARY 31, 2023

“I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. “I But not every LO will find a new workplace.

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Housing Wire

JANUARY 12, 2022

A big theme of my work here at HousingWire has been to show you that since 2014 purchase application data has been rising just as total inventory has been slowly moving lower. If housing is really getting softer, you will see year-over-year declines of 15%-30% in this data line. However, sales shot right back up higher, quickly.

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Inventory Mortgage Housing Market Marketing 538

Appraisal Today

NOVEMBER 25, 2022

We met at 9:30 am, which was an odd time that he requested. The wife was at an appointment which is why, I figured out, that he wanted the appointment at 9:30 am rather than 10:00 am. Eric VanderWaal. The majority of my appraisal work is on divorces and estates, both of which have their fair share of crazy stories.

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Appraisal Today

JUNE 17, 2022

COMPS ARE THE PAST. All the doors pocket, so you literally can just open them up, and the house becomes truly massive once you start going outside,” says Gary(owner). NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==.

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Housing Wire

MARCH 23, 2022

The fact that the 23% home-price growth level has been smashed in just two years and inventory just collapsed to all-time lows has created the most unhealthy housing market post-2010. Regarding the new home sales sector itself, it’s just an OK marketplace and has been for some time. First, total home sales should be 6.2

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Mortgage Inventory Housing Market Construction 491

Appraisal Today

JUNE 23, 2023

Private Island for $22M in North Carolina Excerpts: Just 30 minutes from uptown Charlotte, Merancas Island is accessed by causeway. Why you need this book Have you ever had to appraise a home with “no comps”? Well written, short, and worth reading. As we all (should) know, any person or company.

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Appraisal Real Estate Valuation Contracts 85

Appraisal Today

SEPTEMBER 22, 2023

The survey findings indicate that 30% of respondents reported that a data collector had given them the impression that they were the appraiser or had a role other than merely collecting property data. He essentially just handed me the dumb end of the tape measure to hold. I was surprised at how negative they were. Very interesting.

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Housing Wire

APRIL 5, 2024

Altos considers anything above a Market Action Index of 30 to be a seller’s market. If you are on the fence, just buy now and you can always refinance later.” Additionally, the metro area had just 370 new single-family listings hit the market during the week ending March 29.

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Appraisal Today

AUGUST 26, 2022

I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t enough good comps? It just means Fannie Mae won’t buy that loan. But those are just numbers. Can I use the cost approach as the primary method of valuation?”. Answer: No! To read more, click here . The true beauty is in the details.

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Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? Just because you and the sellers have agreed on a price doesn’t mean it’s a done deal—your lender needs to be on board, too. However, just because you pay doesn’t mean you’re the client. Sorry, not yet.

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Appraisal Process Appraisal Mortgage Buyers 78

Realtor

FEBRUARY 22, 2019

-Oxford-/iStock The home appraisal process is just a formality when buying real estate, right? Just because you and the sellers have agreed on a price doesn’t mean it’s a done deal—your lender needs to be on board, too. However, just because you pay doesn’t mean you’re the client. Sorry, not yet.

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Appraisal Process Appraisal Mortgage Buyers 78

Appraisal Today

AUGUST 18, 2023

For other cities, we used comp books (sales), microfiche, and other sources. Dragon Anywhere Dragon Anywhere is a dictation and speech-to-text app that allows you to create, edit, and share documents from your mobile device. This professional-grade dictation service could save you tons of time on typing reports and taking notes in the field.

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Appraisal Contracts Inspection Real Estate 74

Housing Wire

MAY 26, 2022

Last year we had COVID-19 comps. We will have more challenging comps to work in October of this year, and maybe that 18%-22% decline will happen then. So, on average, just 500,000 more homes were bought than in 2019. If I take existing home sales from 2017 levels, it’s roughly, on average, just 300,000. housing market.

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Inventory Housing Market Construction Marketing 522

Appraisal Today

FEBRUARY 17, 2023

Architectural Digest rounded up some of the most stunning examples of remote homes, from small villages set atop mountains to islands with just one home on them. Email Archives: [link] (posted early Friday) The link is above and to the right of the big yellow email signup form. Newsletters start with “Newz.”

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Real Estate Agent Real Estate Appraisal Agents 52

AmeriMac

AUGUST 15, 2021

If you had to make a list of some of the most important elements of the real estate industry, appraisals would undoubtedly be right at the top. All told, quality control in terms of appraisals isn’t just a best practice – it is an official requirement for a wide range of different reasons, all of which are worth exploring.

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Appraisal Real Estate Housing Market Valuation 36

AmeriMac

AUGUST 15, 2021

If you had to make a list of some of the most important elements of the real estate industry, appraisals would undoubtedly be right at the top. All told, quality control in terms of appraisals isn’t just a best practice – it is an official requirement for a wide range of different reasons, all of which are worth exploring.

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Appraisal Real Estate Housing Market Valuation 36

Appraisal Today

NOVEMBER 10, 2022

A 2.04B California lottery was just won. Go back further than 6 months and out of area to find comps. Just be sure to state in your report that you found the comps in another market and note whether that market is a competing, superior, or inferior one. Often the highlight of the meeting ;> ==.

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