Housing Wire

DECEMBER 13, 2022

“New home sales are holding up better than existing home sales because new home sales really took a dive during the foreclosure crisis and never fully recovered from that, and hence they had a low base reference to compare,” Yun said. Fraud risk continues to rise even as the market contracts . to $384,500.

Realtors 435

Realtors Mortgage Real Estate Housing Market 435

Housing Wire

FEBRUARY 24, 2024

As mortgage rates rise, there is weakness in demand and homes don’t go into contract immediately. Weekly new listing data for the last week over the previous several years: 2024: 51,381 2023: 44,864 2022: 48,979 For some historical reference, during 2008-2011, new listings data was growing between 250,000-400,000 per week.

Mortgage 504

Mortgage Inventory New Listings Housing Market 504

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Appraisal 366

Appraisal Valuation Inspection Law 366

Housing Wire

JUNE 7, 2024

You’ll get alerts about the hottest leads that include personalized talking points, properties of interest, and housing market data to reference. When you log into your Zurple’s dashboard, you’ll see that an algorithm categorizes your leads based on behaviors.

Advertising 448

Advertising Tools Real Estate Sellers 448

Housing Wire

MARCH 3, 2022

People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. Meanwhile, Compass is fending off with a stick trade secret lawsuits from brokerages, and even breach of contract cases from Compass’s own agents.

Brokerage 370

Brokerage Agents Real Estate Valuation 370

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Binney said.

Inspection 435

Inspection Real Estate Agent Real Estate Insurance 435

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Market their listings; go to their listings. economy remains hot.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Appraisal Buzz

DECEMBER 9, 2024

Market Condition Adjustments Illustration Fannie Mae guidelines emphasize that adjustments made to comparable sales are based on market changes between the contract date of the comparable sales and the effective date of the appraisal. This is shorthand that every experienced appraiser knows and understands please dont @ me.

Appraisal 358

Appraisal Marketing Valuation Tools 358

Appraisal Buzz

MAY 24, 2021

Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. Reproduction refers to how much a replica would cost to build. However, things aren’t always as straightforward as they seem. Here’s how to overcome any obstacles that may arise.

Appraisal 397

Appraisal Tenants Buyers Landlords 397

Housing Wire

DECEMBER 29, 2021

HousingWire : Now, at the point of contract where an agent or consumer sees a home entered by HomesUSA, what happens next? But what you’re referring to would be a business to consumer business. So, it probably removes 75-80% of the manual entry for a builder. Ben Caballero : No, builders have their own on-site people in each community.

Realtors 409

Realtors Real Estate Agent Agents Real Estate 409

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

OCTOBER 31, 2023

In reference to Ketchmark’s statement that proof of alleged collusion is in the data, MacGill said: “Data alone does not create an inference of conspiracy. He also addressed Schulman’s statement that 95% of contracts have a 3% buyer agent commission, stating that clustering does not establish the existence of a conspiracy.

Agents 448

Agents Sellers Buyers Law 448

Appraisal Buzz

APRIL 15, 2024

In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it. Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment.

Appraisal 397

Appraisal Design Lending Technology 397

Miller Samuel

MARCH 19, 2019

This position seems to be derived from one of only two references cited in the FPI white paper , a fun New York Magazine cover story by Andrew Rice. That article came out in 2014 right as the housing market was peaking. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Buzz

OCTOBER 11, 2024

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

AUGUST 23, 2023

When asked how relevant this business will be, Garg refers to Amazon , a company that drives two-thirds of its sales from third-party sellers. “We As you know, we took our in-house BRE [ Better Real Estate LLC. Garg: First, we are in the worst mortgage market ever, in a very bad housing market, with a low housing supply.

Realtors 370

Realtors Technology Insurance Mortgage 370

Housing Wire

OCTOBER 22, 2023

You’ll need to enroll in and complete the following TREC-approved, qualifying real estate courses: Principles of Real Estate I Principles of Real Estate II Law of Agency Law of Contracts Promulgated Contract Forms Real Estate Finance Each course is 30 classroom hours, for a total of 180 hours.

Real Estate 434

Real Estate Real Estate Agent Agents Brokerage 434

Appraisal Today

NOVEMBER 8, 2024

Both URAR and UAD acronyms are used in articles and references I have read. An Industry refers to “an economic activity that deals with the production of goods like the coal mining industry and the provision of services like tourism industry…” I will have an article on this topic in the December Appraisal Today newsletter.

Appraisal 82

Appraisal Contracts Modernization Clients 82

Housing Wire

NOVEMBER 30, 2023

You’ll also want a sponsoring real estate brokerage that offers administrative support, including inputting MLS information, helping with contract follow-up, and handling other office tasks. Equipped with all the details on getting licensed as an agent in Ohio, you’re ready to start your real estate journey.

Real Estate 457

Real Estate Real Estate Agent Brokerage Agents 457

Will Springer Realtor

OCTOBER 15, 2024

Meantime, the number of contract listings – known as Pending sales – rose 6.1% That’s the rate the Fed charges banks to borrow funds overnight and helps determine the Prime rate that many credit card and auto-finance companies use as a reference to set their consumer interest rates.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Raleigh Realty

MARCH 23, 2021

This process, which real estate agents refer to as “running comps,” involves finding homes that have closed in your area, looking at their size and sale price, and using that research to determine what your home should be listed for. What Real Estate Contract do I Use When Selling For Sale By Owner?

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Appraisal Today

JANUARY 31, 2025

Keep it as a reference for the future when you may need to use the Cost Approach. Now, with Florida’s luxury housing market experiencing a major boom, the compound is back on the market with the same sky-high price. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.72

Appraisal 68

Appraisal Contracts Real Estate Insurance 68

Appraisal Today

MARCH 8, 2024

The present bill also refers to requirements for data collectors established by the Appraiser Qualifications Board, which do not exist. I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S.

Appraisal 90

Appraisal Contracts Real Estate Housing Market 90

Appraisal Today

JULY 1, 2023

Reference Guides for the Restricted Appraisal Update Report and Completion Report to provide guidance on entering information and how it will be displayed. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. The average contract interest rate for 5/1 ARMs increased to 6.28

Appraisal 93

Appraisal Contracts Market Value Mortgage 93

Padove Appraisal Service

JANUARY 11, 2019

A current program to eliminate use of appraisals in mortgage lending was introduced in 2016 by the Federal National Mortgage Association (FNMA, or commonly referred to as Fannie Mae). These government sponsored entities offer liquidity to the single family market by purchasing and guaranteeing mortgage loans that are made by private lenders.

Appraisal 78

Appraisal Inspection Valuation Buyers 78

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Appraisal Today

OCTOBER 6, 2023

All Advisory Opinions, Frequently Asked Questions and the recently launched Reference Manual will now be part of a standalone publication called the 2024 USPAP Guidance and Reference Manual. You can also purchase a linked digital version of the eUSPAP and Guidance and Reference Manual and get seamless access across both documents.

Appraisal 86

Appraisal Contracts Real Estate Mortgage 86

Appraisal Today

JANUARY 26, 2024

To see the Listing with 49 photos, Click Here == The housing market has ’80s vibes January 23, 2024 By Ryan Lundquist Excerpts: The housing market has ’80s vibes. The ’90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. percent from 6.75 percent from 6.86

Appraisal 94

Appraisal Contracts Mortgage Inspection 94

Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. The article touches on a variety of things that I’d like to respond to such as the reference to the shortage of appraisers.

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Appraisal Today

APRIL 5, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers. percent from 6.93

Appraisal 86

Appraisal Contracts Business Construction 86

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

Housing Market 36

Housing Market Marketing Inventory HOA 36

McKissock

SEPTEMBER 5, 2022

In recent years, the real estate industry has noticed some significant trends in the commercial and residential housing markets. Moreover, earlier this year a bidding war broke out over a 140,000-square-foot shopping center housed at Office Depot in Port Charlotte, Florida.

Retail 73

Retail Real Estate Investors Real Estate Agent 73

Appraisal Today

JULY 12, 2024

ADUs represent a growing segment of the housing market, and your expertise as an appraiser is crucial in reflecting their true value. ADUs are not unique to urban locations and are becoming a crucial part of the housing market. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.63

Appraisal 75

Appraisal Design Contracts Business 75

Appraisal Today

AUGUST 18, 2023

Integrated commentary Gone are the days of vague references to some addendum page that the reader has to hunt down. Appraisers can provide their insights right next to the data, photos, maps, or figures it refers to. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.93

Appraisal 83

Appraisal Contracts Inspection Real Estate 83

Appraisal Today

SEPTEMBER 8, 2023

He includes Fannie and USPAP references, of course. an ever-evolving economic environment, key aspects such as inflation, employment, and the housing market are undergoing significant changes in August 2023. This post analyzes the recent data and insights, highlighting potential impacts and the overarching market conditions.

Appraisal 89

Appraisal Contracts Business Construction 89

Appraisal Today

AUGUST 23, 2024

Investor activity in the housing market is stabilizing following several years of dramatic ups and downs. This book is very useful for all residential appraisers, especially those who work for lenders, with many references to Fannie guidelines, USPAP, etc. The average contract interest rate for 5/1 ARMs increased to 6.25

Appraisal 75

Appraisal Contracts Investors Property Appraisal 75

Appraisal Today

JUNE 14, 2024

Factory-Built Houses: Types, Benefits, and Tips for Appraisers By Dan Bradley Excerpts: Factory-built houses are an important, yet often overlooked, part of the American housing market. Approximately 10% to 12% of new housing starts in the United States are factory-built. percent from 0.3 percent the week prior.

Appraisal 81

Appraisal Contracts Sellers Insurance 81