Sat.Mar 18, 2023 - Fri.Mar 24, 2023

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The housing market is a mixed bag

Sacramento Appraisal Blog

The housing market is a mixed bag. It’s not always easy to understand what the market is doing right now. Today I have some thoughts about prices, Zestimates, and cash buyers. Scroll by topic or digest slowly.

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Devalue Market Value? Pt 2

George Dell

Everyone knows value. Of course! It’s easy! Value is what I can sell something for. Well, sorta. No, wait – value is what I am willing to pay for something. Editor’s Note: This is Part 2 of Market Value or Other Value. I have an apple. You want one.

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Flagstar acquires $38B in assets, assumes $34B deposits from Signature

Housing Wire

Flagstar Bank , a top-20 U.S. mortgage lender owned by New York Community Bancorp, announced on Sunday that it has assumed most deposits and acquired certain assets, business lines and liabilities of Signature Bridge Bank, N.A. from the Federal Deposit Insurance Corporation (FDIC).

Insurance 309
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Creating Value vs Making Money

The Appraiser Coach

Today I’d like to share a principle with you that has changed my perspective. The principle is this: money is a tool. You could just stop reading right there. After.

Appraisal 195
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Households Priced Out by Higher Interest Rates

Eyes on Housing

New NAHB 2023 Priced-Out Estimates show that 96.5 million households are not able to afford a median priced new home, and that additional 140,436 households would be priced out of the new home market if the price goes up by $1,000.

Marketing 113
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Kamini Lane named president and CEO of Coldwell Banker Realty

Inman

Lane's appointment comes after M. Ryan Gorman's abrupt ouster as CEO in December. The brand also announced that Liz Gehringer would take on an expanded role as president and CEO of Anywhere Franchise Brands, the company exclusively told Inman.

Realty 148

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How GoFormz Can Help Your Ag Business

GoForrmz

Introduce digital forms to your agriculture operational processes Digital forms are revolutionizing the way growers and ag professionals are doing business. These forms offer a practical and effective alternative to conventional paper-based forms.

Business 146
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New home purchase mortgage applications down in January

Valuation Review

The MBA's Builder Application Survey data showed decreases for mortgage applications. newhomepurchases #January #MBA

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Long & Foster co-founder P. Wesley ‘Wes’ Foster Jr., dies at 89

Inman

The brokerage Foster co-founded with Hank Long became known as a giant independent firm across the Mid-Atlantic region, and a pioneer of the "one-stop-shop" brokerage model.

Realtors 147
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Opinion: The Fed broke the banks. What’s next for mortgage?

Housing Wire

It is often said that the Fed raises interest rates until something breaks. Many have already pointed to the failures of Silicon Valley Bank , Silvergate Bank , and Signature Bank as evidence that the Fed “finally broke something.”

Mortgage 290
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How U.S. Home Valuations Are Being Subverted

Appraiserblogs

At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations.

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Mortgage firm announces new technology for CRM lenders

Valuation Review

Mortgage CRM (customer relationship management) leader OptifiNow recently launched OptifiNow Flex. CRMplatform #mortgageteams

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How do you write a killer real estate bio? Start here

Inman

Marketing yourself and your business starts with your bio. Part 2 of this 5-part series shares what to write and how to ensure you look your best.

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LendingPad integrates with mortgage marketing provider Aduvo

Housing Wire

Cloud-based loan origination system LendingPad has integrated with Aduvo, which provides mortgage marketing automation solutions. “In

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Existing Home Sales Surged in February

Eyes on Housing

A brief drop in mortgage rates and a pullback in home prices boosted existing home sales in February, according to the National Association of Realtors (NAR). The 30-year mortgage rates averaged less than 6.3%

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Ohio man files federal complaint alleging racial discrimination in property appraisal

Valuation Review

Ohio man files suit for racial discrimination regarding low appraisal. Section8vouchers #affordable housing #cincinnati

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Credit Suisse acquired by rival UBS in biggest bank merger since 2008

Inman

The acquisition by UBS, one of the largest real estate asset managers in the world, is intended to help contain the crisis of confidence spreading across international financial markets. News Brief Select banking Credit Suisse lenders svb switzerland UBS

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Guild CEO Mary Ann McGarry announces retirement

Housing Wire

Retail lender Guild Mortgage announced Monday that Mary Ann McGarry is retiring from the CEO position in late June, remaining on the California-based lender’s board of directors after retirement. Terry Schmidt, Guild’s current president, is the successor.

Retail 284
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[eBook] The 2023 GoFormz Mobile Forms Buyer’s Guide

GoForrmz

Everything you need to know about starting your transition to mobile forms Making the transition from paper-based documentation to digital data capture can feel daunting.

Buyers 78
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A conversation about the risks of repurchases

Valuation Review

A look at repurchases, and the risks involved. ConsolidatedAnalytics #chiefappraiser #portfolioanalysis

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The tug-of-war between millennials and boomers heats up this spring

Inman

Five real estate experts explain how rising mortgage rates, inflation and economic uncertainty could impact baby boomers and millennials this spring and how both groups can succeed in the short and long term.

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Opinion: Stop speaking mortgage to your clients

Housing Wire

Imagine if you can: It is Friday. You are out to dinner. You have looked forward to this night out since Monday. The hostess greets you with the following: “Good evening. I need to let you know that some of our BOH are absent. We 86’d a third of the menu in order to not mispack anything.

Clients 282
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What’s New in Appraisal Membership: March 2023

McKissock

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources.

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STRATMOR Group discusses opportunities for lenders

Valuation Review

Mortgage lenders searching for new business. stratmorgroup #partnering #wealthmanagers #bankers

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CHALLENGE: Make your social media look flawless in 7 days

Inman

Enhance, optimize and fine-tune your online presence in seven days using this social media refresh checklist for real estate.

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Frontwave integrates the Black Knight digital ecosystem

Housing Wire

Black Knight, Inc. on Monday announced that Frontwave Credit Union will now implement Empower, Black Knight’s cloud-based loan origination system, and its integrated solutions, for the expansion of its mortgage lending operations.

Tools 239
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Everything You Should Know About a Home Appraisal

Appraisal Hub

A home appraisal in Toronto is necessary when applying for a mortgage, refinancing, or selling your house. This appraisal will give you critical information to help you make informed choices and understand the true value of the asset.

Sellers 78
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NFHA commends HUD’s FHA reduction

Valuation Review

NFHA recently issued a statement following a HUD announcement on the reducing FHA premiums. NFHA #HUD

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Adfenix rebrands as Realforce to meet agent marketing needs

Inman

A real estate branding and advertising company based in Sweden has rebranded from Adfenix to Realforce to match growing service offerings.

Agents 118
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Existing home sales rise for the first time in a year

Housing Wire

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% month over month to a seasonally adjusted annual rate of 4.58 million homes, according to a report from the National Association of Realtors (NAR) released Tuesday.

Inventory 214
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Divorcing? What You Need to Know About Property Division After Divorce

Appraisal Hub

Divorce can be a difficult process because it involves a lot of negotiations, especially when it comes to dividing assets. Here in Canada, different provinces have different laws when it comes to the division of marital or family properties.

Legal 78
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Opteon announces appraisal expansion

Valuation Review

Opteon announces expansion of its direct-to-consumer business model. homeowners #buyers #appraisalorders #opteon

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E&V CRM launch empowers Engel & Völkers Americas

Inman

Real estate brokerage Engel & Völkers is rolling out a significant technology effort for its Americas operation offices and agents with the help of software company Chime, Engel & Völkers exclusively told Inman.

Brokerage 110
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Lower mortgage rates fueling existing home sales

Housing Wire

Existing home sales had a huge beat of estimates on Tuesday. This wasn’t shocking for people who follow how I track housing data. To understand why we had such a beat in sales, you only need to go back to Nov. 9, when mortgage rates started to fall from 7.37% to 5.99%.

Mortgage 208