Housing Wire
DECEMBER 29, 2022
As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.
Sacramento Appraisal Blog
DECEMBER 19, 2022
A foreclosure wave is coming!!! And short sales are about to be unleashed!!! That’s often the housing narrative, and let’s talk about that while looking at some changes we’re starting to see in the Sacramento market. I hope this is helpful, whether you’re local or not. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING […].
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George Dell
DECEMBER 28, 2022
Editor’s Note: Are You Using Big Data in Appraisals? is a first-time Guest Post from John Fariss, MNAA. John is the owner of Fariss Appraisal Services located in Bakersfield, CA. He is a frequent contributor to George Dell’s Valuemetrics.Info classes and a Moderator for the Community of Asset Analysts©. Recently John wrote an extensive article […].
The Appraiser Coach
DECEMBER 27, 2022
I love my coaching. There’s just something about helping other people succeed that brings me a lot of joy! Something that comes up a lot during my coaching interviews with. Read More.
Cleveland Appraisal Blog
DECEMBER 10, 2022
Hello dear reader! I’m so sorry for the weeks I missed posting articles last month. There was a death in my family which has been difficult to work thru. While I get things going again, I have a returning guest blogger for this week and next week. This week, Betty White shares some things that can decrease property value. As a certified residential appraiser, I can tell you that while some of the things noted in this report can decrease value, they may not, so take these points with a grai
Eyes on Housing
DECEMBER 22, 2022
In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. Another 18.5 percent were built on an infill lot in an older neighborhood. The BPS places new homes.
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Sacramento Appraisal Blog
DECEMBER 14, 2022
How much have home prices gone down? That’s the big question right now, so let’s talk about it. But I want to highlight a pressing issue that’s been coming up about the stats. I hope this is helpful, whether you’re local or not. UPCOMING (PUBLIC) SPEAKING GIGS: 1/18/23 WCR Market Update in Cameron Park (register […]. The post How much have home prices gone down?
George Dell
DECEMBER 21, 2022
Evidence is shortly defined as “Something that shows proof.” It’s precisely defined in the law, and also addressed in philosophy and epistemology. Epistemology deals with methods, validity, and scope in the theory of knowledge. In the philosophy of science, evidence is what confirms (or not) your hypothesis. Evidence justifies belief, but only if respected.
The Appraiser Coach
DECEMBER 13, 2022
Imagine you’re at an inspection. During your standard walk-through, you look out the window and see a car pull up into the driveway. Your mind starts racing when you see. Read More.
Cleveland Appraisal Blog
DECEMBER 24, 2022
Are you planning on renovating your home? What kinds of things can you expect? This week I welcome back guest blogger, Shirley Martin, who answers these questions in this article. I hope you enjoy it! What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize.
Eyes on Housing
DECEMBER 5, 2022
In November of 2022, 36 percent of single-family home builders reported reducing their prices, and 59 percent were offering special sales incentives. These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a.
Housing Wire
DECEMBER 1, 2022
Over the past few years, we’ve seen an increased demand for smart home technology as consumers continue to embrace a digital lifestyle. “Smart home technology, whether it be keyless entry locks, smart thermostats or leak sensors, these are all things that, five or six years ago, were still pretty new to the marketplace,” said Andre Sanchez, COO of Rently, a smart home and self-guided touring solutions provider.
Sacramento Appraisal Blog
DECEMBER 6, 2022
Be an optimist in life. Be full of hope. And let nothing shake you. But when it comes to housing stats, be realistic about the market that actually exists. Today, let’s talk about getting high on housing hope (and unpack fresh stats). UPCOMING (PUBLIC) SPEAKING GIGS: 1/18/23 WCR Market Update in Cameron Park (register here) […]. The post Getting high on housing hope first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
George Dell
DECEMBER 14, 2022
How many comps should I use? What do “authorities” say? Historical appraisal practice, as passed on from trainer to trainee, in the outdated master/apprentice model that imposed strong inviolable dictates. For residential forms, the magic number was three, sometimes up to five or six. Three and a subject column fit perfectly on a 8 1/2 […].
The Appraiser Coach
DECEMBER 20, 2022
I remember when I first started using a laser to do my measurements. I was up in front of a group of people, and I asked them to show by. Read More.
Miller Samuel
DECEMBER 8, 2022
I write a column for Elliman Magazine called "Market Update" that presents a chart and context around it. Its kind of like my nine-year column " Three Cents Worth " at the old Curbed but more grown-up and without the snark. The post Elliman Magazine Column "Market Update" - New Inventory Is Falling first appeared on Miller Samuel Real Estate Appraisers & Consultants.
Eyes on Housing
DECEMBER 16, 2022
Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.
Housing Wire
DECEMBER 13, 2022
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say this because the most significant component of Core CPI is shelter inflation.
GoForrmz
DECEMBER 13, 2022
GoFormz dominates a competitive market in the Mobile Forms Automation Category – from Best Support to Easiest to Use Here at GoFormz, we are honored to have won 26 awards in G2’s Winter 2023 reports and remain the sole leading provider of mobile forms automation solutions for the second straight quarter. G2 continues to be the world’s dominating peer-to-peer review platform which buyers, investors, analysts, and business professionals utilize to compare and select the best software solutions bas
George Dell
DECEMBER 7, 2022
Appraiser education is part of the “Big Stymie.” The five forces of friction: practices, standards, education, regulation, and client expectation – all interact to impede progress in appraisal. And of these, regulation and education create the long-term blockage. A blockage that will not be resolved until we have a political response to the reality.
The Appraiser Coach
DECEMBER 6, 2022
Many of you know that I don’t do partnerships. I’ve had some negative experiences in the past, and I don’t like the idea of being a part of one again. Read More.
Padove Appraisal Service
DECEMBER 2, 2022
Every appraisal order begins with a customer consultation. This is an in-depth discussion of the home, and the purpose of the appraisal. Any method of communication can be used for this step of the process. The purpose of the consultation is to find out how the appraisal can help you. The consultation will aid in the understanding of the intended use of the appraisal.
Eyes on Housing
DECEMBER 23, 2022
The most recent Home Building Geography Index (HBGI) shows that multifamily home building has continued to experience strong growth since the start of the pandemic. Due to the low single-family housing inventory and elevated unaffordability of single-family housing caused by high house prices and higher mortgage rates, demand for multifamily housing has remained solid over the past year.
Housing Wire
DECEMBER 21, 2022
On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Confused by this? I hear you; let’s dive deeper into today’s report. From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NA
GoForrmz
DECEMBER 8, 2022
Do you ever stare at your computer and say “there has to be an easier way to do this”? If your day is filled with repetitive data entry or processing tasks, let GoFormz give you back your workday! For everyone with form-based data capture, GoFormz Workflows can automate your daily tasks, such as emailing form copies, exporting and storing forms in your preferred Cloud storage platform, or even sending data directly to your CRM or ERP.
Appraiserblogs
DECEMBER 21, 2022
The VA will now be required to encourage hybrid appraisals. If you are a VA Appraiser, here’s a bit of news you need to keep tabs on. Senate Passes VA Appraisal Modernization Measure – theMReport.com The U.S. Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022. Under the terms of HR 7735, sponsored by Sen.
D Fritz Appraisals
DECEMBER 16, 2022
What to do When Your Property Tax Assessment Seems Too High. In early January each year, every home in British Columbia receives its property tax assessment notice through the mail from BC Assessment. Some property owners may be surprised and possibly even concerned with their home property assessment amount. Between 2021 and 2022, house prices in BC rose by an average of 23.3% with the increase even steeper in Victoria.
Padove Appraisal Service
DECEMBER 10, 2022
The past couple of years have been crazy! We have seen a combination of few homes offered for sale, and strong buyer demand. Buyers have had difficulty finding a home to purchase at any price. The result has been rising home prices. Recent increases in mortgage rates have reduced some demand. The higher cost of financing a home pushed some buyers out of the market.
Eyes on Housing
DECEMBER 1, 2022
Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that the multifamily market remained strong during the second quarter of 2022 due to high demand. With low single-family housing supply and increased unaffordability of for-sale housing, many would-be buyers have turned to or remained in the multifamily rental market.
Housing Wire
DECEMBER 27, 2022
Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) over asking price. High octane stuff.
GoForrmz
DECEMBER 5, 2022
Create and share eSignature documents in minutes Easily collect legally binding electronic signatures in your digital forms with eSign fields. With GoFormz, you can securely gather signatures anytime, anywhere – without the trouble of messy paperwork. In this blog, we’ll share what eSign fields are and how to use them in your digital forms. The Differences Between Signature Fields and eSign Fields It is very important to note the key difference between Signature fields and eSign fields: E-SIGN A
Appraiserblogs
DECEMBER 29, 2022
Average AMC appraisal fee to the appraiser: AMCs are taking far more of the borrower-paid fee this year than they did last year. Appraisers, I recently sent out a message asking appraisers to send me three data points comparing borrower-paid appraisal cost, and average AMC paid assignment fees in October, November 2021 and the same months in 2022 – for SFR assignments.
DW Slater Company
DECEMBER 30, 2022
As we end this year and look to the new, we hope that you had a nice Christmas time and we wish you the best for the upcoming year! This month we celebrate 35 years of the D. W. Slater Company! In honor of 35 years, we have gone back to the original retro logo! The winter season is upon us and the slowdown in housing is partly seasonal. Mortgage rates peaked in November as the sales prices are declining from the previous month.
Advanced Appraisal
DECEMBER 20, 2022
This is our annual Christmas Lights Tour in our Local Tinley Park, Mokena and Frankfort areas. Some of the houses we personally know the owner's and some we just revisit every year to new ones added. We truly enjoy our t.
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