May, 2022

The housing market has shifted

Sacramento Appraisal Blog

The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches.

Mortgage applications rise despite higher rates

Housing Wire

Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year.

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Copacabana? No Silly, It’s Cubicasa!

Cleveland Appraisal Blog

Have you been to the Copacabana? Perhaps you’ve been to the Copacabana nightclub in New York City, made popular by Barry Manilow’s song Copacabana in 1978. Of course, the original Copacabana is a vacation destination in Rio De Janeiro, South America.

Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? You can pay attention to many indicators, but the recent infrastructure bill will reveal the most crucial information. These are a few ways it will affect real estate in the coming months.

Part III: Do We Need a Neighborhood Section?

George Dell

Market area, District, Neighborhood – what do our directives say? Let’s take a look at standards, education, regulations, and the GSE (Government Sponsored Enterprises). First, let’s set a goal: What is the ideal comparable data to analyze? How big, how similar, and how competitive should it be?

Delegate, Delegate, Delegate!

The Appraiser Coach

I was in a group meeting recently where we were talking with small business owners and trying to help them with some of the problems they were facing. Read More.

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Think US home prices are high? At least we aren’t Canada

Housing Wire

Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada.

Essential Home Moving Tips for Seniors

Cleveland Appraisal Blog

Howdy friends! I hope that you’re doing well! I have a special post from a first-time guest blogger, Betty White. If you’re a senior and considering moving, this article offers some tips that may make things a little easier. I hope that you enjoy her article!

A Log Home Valuation

Appraisal Buzz

It is no secret that log homes do not appraise well. In the past, almost every major log home magazine has posted an article on the topic. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market?

Can EBV Support Diversity and Fairness?

George Dell

Diversity can be a goal in itself when diversity means breaking down barriers of groupthink and apathy. An expansive concept. Fairness, on the other hand is elusive, demanding definition. Fairness depends on the very point of view it attempts to define. Fair” is in the eye of the beholder.

The Workings of a Millionaire Mind

The Appraiser Coach

Principles of business cross boundaries of profession frequently, and the one shared today is inspired by Dr. Thomas Stanley, author of The Millionaire Next Door and The Millionaire Mind. Read More.

Building Materials Prices Move Higher, Up 19% Year-over-Year

Eyes on Housing

According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4%

CoreLogic: U.S. home-price gains hit all-time high in March

Housing Wire

home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year.

Buyers 370

AI celebrates 90 years of service

Valuation Review

The Appraisal Institute (AI) is celebrating 90 years of service, and Valuation Review reached out to the organization’s president for reflection. AI believes it has served the profession of appraising well and clearly has stood the test of time. Read on to learn more fun facts about the organizatio

The Curious Cat and the Drone

Appraisal Buzz

The post The Curious Cat and the Drone appeared first on Appraisal Buzz. Buzztoons

Thinking About Purchasing a Fixer-Upper as Your First Home? Here’s What You Need to Know

DW Slater Company

(Photo via Pexels ). We appreciate our guest bloggers that contribute to our blog. Enjoy this guest post from Megan Cooper with Real Life Home. Purchasing your first home is an exciting milestone. Whether by yourself or with a partner, transitioning from renter to homeowner is a big deal.

How Small Business Teams Are Saving Time And Money With Digital Forms

GoForrmz

Digitize and automate your small business processes to save incredible amounts of time and money Time, money, and innovation – small businesses require all three. Yet, repetitive and tedious tasks make the prioritization of these critical needs nearly impossible.

Banks Report Weaker Demand for Home Loans

Eyes on Housing

In the first quarter of 2022, the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed a significant net share of banks reporting more relaxed lending standards and weaker demand for most categories of residential real estate (RRE) loans.

Almost 45% of homeowners are now equity rich

Housing Wire

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position.

FHFA announces Fannie, Freddie DTS program

Valuation Review

The Federal Housing Finance Agency recently published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve (DTS) Program. The DTS plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation and rural housing

The Appraiser Behind the Buzztoons

Appraisal Buzz

[link]. Today’s Buzzcast interview is with Steve Sanders, Owner of Appraisal Source. We sat down with Steve and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss his famous Appraisal Buzztoons. What is your background in the appraisal industry?

Why Most Americans Say They Don’t Like Neighbors

Empire Appraisal Group

Why Most Americans Say They Don’t Like Neighbors. Source: Why Most Americans Say They Don’t Like Neighbors | Florida Realtors. Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’. CHARLOTTE, N.C.

5 Ready-to-Use Digital Forms for Your SMB

GoForrmz

Embrace digital forms for your small business with five free templates from GoFormz Running a small business is tough, and running it smoothly can feel almost impossible some days. From the long hours to attracting clients, it’s definitely a tough path, but one that’s beyond rewarding.

Latest Interest Rates Signal Significant Declines in Affordability

Eyes on Housing

Housing affordability in the first quarter of 2022 looks starkly different depending on the interest rate assumed in the calculation. The average mortgage interest rate for the quarter was 3.86%. But by the end of April, it was 5.11%.

FHA gives investors cold shoulder on foreclosed properties

Housing Wire

The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

Third party inspectors examined

Valuation Review

Valuation Review sought the insights from appraisal professional leaders as to outsourcing the scheduling and inspection to third-party inspectors where appraisers can dedicate more time to perform an analytical oriented appraisal report.

GPARENCY Debuts New Commercial Real Estate Lender Software Solution

Appraisal Buzz

Commercial mortgage brokerage GPARENCY has launched its new Match to Lender solution. The software solution gives CRE borrowers the ability to search by loan and property type to access every single loan lender in their state, free of charge. “We knew when we started GPARENCY, it would turn the CRE industry upside down, in the best possible sense,” states Ben Schweitzer, founder and chief product officer at GPARENCY. “We’ve created a democratized approach to.

Biden Task Force Releases Appraisal Bias Study

Empire Appraisal Group

Biden Task Force Releases Appraisal Bias Study. Source: Biden Task Force Releases Appraisal Bias Study | Florida Realtors. By Kerry Smith.

The Digital Form Features Our Small Business Users Love

GoForrmz

Discover how small businesses are leveraging digital form features to save time, be more efficient, and elevate productivity GoFormz offers a flexible and affordable solution to traditional documentation and information collection.

March Gains in Private Residential Construction Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in March after an increase of 0.7% in February. Spending stood at a seasonally adjusted annual rate of $882 billion. Total private residential construction spending was 18.4%

loanDepot reports loss of $91.3M in Q1

Housing Wire

Nonbank heavyweight loanDepot reported an unprofitable quarter largely due to a steep decline in origination volume and expense reductions that did not keep up with the rapidly changing environment.

Marketing executives look at the ‘green’ side of things

Valuation Review

Valuation Review reached out to Cushman & Wakefield marketing experts Jacob Albers and David Bitner, who shared insight from their report “Green Is Good Part 3: Sustainability’s Impact on Multifamily Performance.”

Kevin Palmer Promoted to Handle Freddie Mac’s Multifamily Business

Appraisal Buzz

Freddie Mac has named Kevin Palmer to head its multifamily business. He will serve as a member of the company’s Senior Operating Committee and report to the company’s president, Mike Hutchins. Palmer has served at Freddie Mac in a variety of positions since 2001, most recently as senior vice president for Single-Family Portfolio Management. Over the course of his more than two decades at Freddie Mac, Kevin Palmer has demonstrated broad knowledge of the.

Divorcing? What You Need to Know About Property Division After Divorce

D Fritz Appraisals

Know Your Rights About Splitting Property After Separation. How is a house divided in a divorce? That’s the question we’ll answer in this blog post as well as many other questions about splitting assets after separation. . Everyone feels the need to find that special someone to share their life with.

Law 105