What is the Market in ‘Market Value’?

George Dell

Everyone knows what’s a market — (or do they)? Market Value is the ultimate goal of appraisals, of AVMs, of evaluations, of BPOs, hybrids, exceptions, and all forms of opinions (everyone has one). So, market value must be based on “the market”!

Single-family rents soar in tight housing market

Housing Wire

Profit margin compression and a tight housing market – What’s a lender to do? Black Knight Managing Director Rob Kessel explains how lenders can better price loans and remain competitive in today’s tight housing market.

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Is the housing market cooling down?

Housing Wire

The housing market continues to be hot in most of the country, but there are signs that the party may be coming to an end. million level, which I believe will take away the bidding wars and bring a B&B market — Boring and Balanced. The post Is the housing market cooling down?

Is the housing market really 20% overbuilt?

Housing Wire

Nevertheless, some supposedly erudite thinkers on the housing market are saying this, so I thought I should investigate. If the housing market was in the grips of some mass hysteria of irrational purchasing, we would expect to see certain hallmarks in the data.

Is housing market demand starting to weaken?

Housing Wire

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Homes in May are also on the market for an average of only 17 days.

Rising home prices are fueling the private-label market

Housing Wire

Morgan has been a dominant force in the jumbo-loan securitization market so far this year. Morgan is an investor , issued a report this month on private-label market activity revealing that there were a total of eight jumbo-loan securitizations priced in September alone.

What Omicron, bond market and jobs mean for housing

Housing Wire

The U6 unemployment rate, which has been historically used by American bearish people to say the labor market isn’t great, is currently below what we saw in the best levels before the great financial crisis. So, what will this do to mortgage rates, the economic data, and the bond market?

Is Market Value Itself Biased?

George Dell

Could the very definition of market value hold bias? The post Is Market Value Itself Biased? Appraiser Bias Series Critical Thinking Market Value market valueLet’s look. First, we need to figure out what types of bias there might be.

Can You Measure Market Velocity?

George Dell

“Appraisal is market analysis!” Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. The post Can You Measure Market Velocity? Analytics CMS Competitive Market Segment Market Value market conditions market value

How Delta variant may impact housing market

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal.

Buckle up for next year’s housing market

Sacramento Appraisal Blog

Big 2022 market update: I’m doing a big market talk at SAR on […]. It’s real estate prediction season and I have a few thoughts about the beginning of next year.

Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Why today’s housing market makes speed and agility crucial for lenders.

Local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market.

Is Market Value Obvious?

George Dell

There, the leading paragraph defines “market value” as per USPAP Advisory Opinion 22.) The post Is Market Value Obvious? Market Price Or Market Value Series Market Value Critical Thinking market value

These are the hottest housing markets in America

Housing Wire

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report.

Why the private-label market will chill in 2022

Housing Wire

Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021. Still, the balance of the year looks promising for the private-label market, according to MAXEX.

Is the housing market starting to slow?

Sacramento Appraisal Blog

Is this crazy housing market slowing? QUICK SUMMARY: The market is still bananas, but we’re seeing some slight slowing. Let’s talk about that today.

10 ways the housing market is slowing

Sacramento Appraisal Blog

The housing market has turned the corner and we are seeing definitive slowing. Here are ten ways I’m seeing slowing in the market. NOT DULL: The market is slowing, but it’s not dull. If you’re not local, what are you seeing in your area?

Are we back to a normal housing market?

Housing Wire

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. months in the housing market at the current sales rate.

Flagstar is banking on the private-label market

Housing Wire

The post Flagstar is banking on the private-label market appeared first on HousingWire. Mortgage Secondary Flagstar Flagstar Bancorp Flagstar Bank HWplus private label securities secondary marketAlessandro P. DiNello, president and CEO of president at F lagstar Bancorp.

Rocket blasts off in the private-label market

Housing Wire

Industry powerhouse Rocket Mortgage started out dabbling in the private-label secondary market slowly, with a single offering in 2019, followed by another in 2020, but it has come out with its engines roaring in 2021. Rocket Companies CEO Jay Farner.

Fannie Mae, and the housing market’s inflation problem

Housing Wire

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

Has the housing market peaked this year?

Sacramento Appraisal Blog

Has the housing market likely peaked for the year? These trends are for the Sacramento region, but I suspect many markets across the country are starting to show similar stats (or will […]. Are prices finally starting to slow? Can it really be happening?

Even with low inventory, expect a strong 2021 housing market

Housing Wire

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The post Even with low inventory, expect a strong 2021 housing market appeared first on HousingWire.

What to expect next from today’s hot housing market?

Housing Wire

It’s the current, not the waves, that will propel longstanding changes in the American housing market, said Logan Mohtashami , HousingWire’s lead analyst. The post What to expect next from today’s hot housing market? Housing Market Real Estate housing market 2021 HWplus

COVID-19 remains “wildcard” in 2021 housing market

Housing Wire

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. Realtor.com forecasts that 2021 will continue to be a robust seller’s market.

The biggest risk to the housing market right now

Housing Wire

housing market this year? If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond. The post The biggest risk to the housing market right now appeared first on HousingWire.

A slowing housing market, but still on steroids

Sacramento Appraisal Blog

Real estate has been slowing, but it’s still completely nuts. I’ll explain below. But first let me unpack the NAR conference in San Diego and share some exciting personal news. Then stats and perspective for those interested.

Housing market inventory is starting to recover

Housing Wire

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae.

New home supply shows this housing market has stabilized

Housing Wire

The post New home supply shows this housing market has stabilized appeared first on HousingWire. Economics Housing Market Real Estate Census Bureau Featured Homebuilder confidence housing demographics HWplus Monthly supply of new homes New Home Sales

Is the housing market going to crash?

Sacramento Appraisal Blog

What’s going to happen to the housing market? Market Trends 2021 housing market Appraisal Appraiser buying in 2021 housing analysis Housing Bubble housing crash perspective price stats Real Estate Market real estate price cycles selling in 2021 seven year rule

Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market.

Market Price or Market Value Or?

George Dell

Market value for home loans in the United States is precisely defined. The understanding of “market value” is the single most important concept defining what appraisers do. The post Market Price or Market Value Or? Market Value Public Trust Critical Thinking

Supply of new homes shows a stabilizing housing market

Housing Wire

Today the Census Bureau ‘s new home sales report came in as a beat of estimates at 740,000, but the most important aspect is that revisions came in positive for the prior months, which shows a more stable market as revisions are always key with new home sales and housing starts.

Should government help create housing market supply?

Housing Wire

In 2021, we already have the unhealthiest housing market — in terms of low housing market supply and multiple bids for each sale — than we have had in the last 10 years. The post Should government help create housing market supply?

RedfinNow launches in Phoenix housing market

Housing Wire

Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap.

Doug Duncan to speak at Engage Marketing June 17

Housing Wire

That information is still critical this year, that’s why we’ve invited Doug Duncan , senior vice president and chief economist at Fannie Mae , to speak at HousingWire’s virtual Engage Marketing event on June 17.

How demographics shaped the housing market in 2021

Housing Wire

An often-forgotten turn of luck for the American economy is that the housing market entered a period of the best housing demographics ever recorded in history the same year that COVID grabbed hold of us. The post How demographics shaped the housing market in 2021 appeared first on HousingWire.

A Market Analysis of the Housing Industry

Appraisal Buzz

In today’s Buzzcast, we dive into a market analysis of the housing industry and what will be facing appraisers within this coming year. These questions and much more will be answered between Bill and Joan as they dive into more about the housing market analysis.

These were March’s hottest housing markets

Housing Wire

In modern history, the housing market has never seen a month like March. Waiting for the market to cool could take many months, and at that point we may have missed out on the opportunity to benefit from these super-low mortgage rates and price gains in the year ahead.”.

Fannie Mae reports rising confidence in housing market

Housing Wire

Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. Is the housing market recovering?

An open letter to home sellers in a crazy market

Sacramento Appraisal Blog

The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. Dear Sellers, How are things? I hope all is well. This is coming from a good place and it’s based on observations and conversations with the real estate community.

Scottsdale housing market: Not just for snowbirds anymore

Housing Wire

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.