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Home prices aren’t crashing, despite what the housing bubble boys are saying. In fact, home prices have firmed up higher recently. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022.
It’s been a stunning first half of the year for the housing market. Let’s talk about some of the bigger issues right now. Here are some things on my mind including weird stats, the anniversary of the market peak, Matt Rife tickets, and being ready for the second half of the year. I hope you […] The post A stunning first half of the year for the housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Hello friends! I’m playing catch-up on blogs with the help of my guest bloggers. I’m working on more of my own articles that will be posted soon. I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. In this article, she shares some tips for relocating after facing personal challenges. Relocating is not easy.
Doctorow oversaw the company as its revenues and site traffic rose to record highs, the company said. But as with the rest of the industry, Move has shown signs of a slowdown.
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Doctorow oversaw the company as its revenues and site traffic rose to record highs, the company said. But as with the rest of the industry, Move has shown signs of a slowdown.
After the recent extraordinary show of force defending changes to LLPAs by federal regulators and their friends, the forest through the trees risk remains in focus to me. One of the great concerns I have, as both a former regulator and the former head of a major industry trade association, is the downside risk of keeping the GSEs in conservatorship any longer.
Let’s talk about housing doom. Particularly, I want to get into the viral idea about the demise of the Airbnb market. But first, I have a few visuals to kick off hot graph summer (sorry). I’d love to hear your take in the comments. A meme I shared this week as I talked about the […] The post Hot graph summer & Airbnb doom first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
NAHB analysis of county level permit data and demographic data indicates that single-family home building in the first quarter of 2023 is occurring mostly in counties where baby boomers make up a majority of the population. The Census Bureau provides county level population age estimates in 5 years intervals. For example: 0-4, 5-9, 10-14 through 85+.
Most consumers think it's a bad time to buy, and many expect rates to rise — but nearly a fifth of adults still plan to buy a home in the next 12 months.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Hello, friends! I’m still playing catch-up from June. So, here is another article from guest blogger Ashley Rodriguez. In this article, she discusses some things to consider before buying land. I hope you enjoy her article! Photo by Markus Spiske on Pexels.com Buying land is a significant investment, and it requires the careful consideration of several factors before you proceed.
I had a nice conversation with Joe Connolly and Neil A. Carousso on WCBS Newsradio 880 on the state of the NYC commercial office market. It was a macro-level conversation that I thought you might find helpful. The post WCBS Radio - State Of Commercial Office, City v. Suburbs first appeared on Miller Samuel Real Estate Appraisers & Consultants.
The U.S. single-family rental market is still strong, but the pace of rent increases has cooled significantly over the past year. The market is looking more like 2019 than the price spikes witnessed during the pandemic. U.S. single-family rent increases in May registered a 3.7% gain, compared to the 14.2% growth observed in the same month in 2022, according to Corelogic ’s Single-Family Rent Index (SFRI).
The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 6/30/23 Halftime report with Ben Johnston 10am (Zoom) […] The post A new home rebound & avocado toast first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
The failure of several banks in 2023 and the ensuing stress in U.S. financial markets has had an effect that some builders and developers are beginning to notice, according to two recent NAHB surveys. In one of the surveys, roughly three-in-five builders and developers reported that loans for land acquisition, land development and speculative single-family construction have become more difficult.
A former employee has filed a lawsuit alleging she was unfairly fired after ending a relationship with National Association of Realtors President Kenny Parcell.
We continue our look at how current standards, and regulations hold back best practices. This part 5 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.5 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. This part is interesting […] The post Standards: Groupthink Bias?
I’ve recently been posting about what I call the “Principles of Prosperity.” I’ve been hoping to give you a brief introduction that will pique your interest. I’ve purposely not given you tons of information on them. That’s because of another principle: what you sacrifice for becomes more meaningful. You will appreciate these principles more if you sacrifice time and effort to learn them more deeply on your own.
The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Just when I thought I was out, they pull me back in. What do I mean by savagely unhealthy? One of the critical data lines I track is the days on market, and when that breaks under 30 days it’s a dangerous sign, but when we get into the teenager level or lower, it’s a red alert.
Pickleball is all the rage, and today I want to talk about how the growth of the sport is becoming much more noticeable in real estate listings. I also have an interview with a friend who built a pickleball court in his backyard. For the record, I actually don’t play (yet), but a friend is […] The post That place where pickleball and real estate meet first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Hello! I hope you’re having a great summer! I am behind on my blogging for June. To get caught up, I have some returning guest bloggers who wrote some articles that I think you might enjoy. This week, I welcome back Ashley Rodriguez. In this article, she shares some pest control tips and tricks. I hope you find them useful! Photo by Pixabay on Pexels.com Pests continue to be a major concern for homeowners and business owners alike.
It's not uncommon for agents and brokers to work alongside spouses, siblings and other family members — see how they make it work + 4 tips for success.
Standards enforce appraisal review as well as development and reporting. Editor’s Note: This is Standards, part IIIc of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. This is the third part topic of the larger topic of how standards may help or hinder the move into […] The post Move to EBV? Standards appeared first on George Dell, SRA, MAI, ASA, CRE.
I think I’ve talked to you about my definition of wealth before. It’s not having a sports car or a big fancy house. My definition of wealth is the ability to do what I want, when I want, with whom I want, because I want. This is all within reason, of course. I’m not going to go out and dunk a basketball tomorrow; I’m not anywhere near the condition required for that.
New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. Last year a theme of mine was that new home sales are historically low, and the builders know how to move products when needed.
Housing starts are surging today and the builder’s confidence data is now in expansion territory. Does this mean the housing recession is over? As I have said many times over the last few months, the builders are efficient sellers and they’re taking advantage of an existing home sales market that is suffering from low inventory and higher mortgage rates.
Inflation was running over 9% last year and the headline inflation growth rate has cooled off a lot recently. Does this mean the Federal Reserve will pivot soon to prevent a recession? I don’t believe they will, but the growth rate of headline inflation falling is good enough for them to pause rate hikes tomorrow. The core aspect of inflation is taking time to head lower, and this is the part of the inflation picture that the Fed cares most about.
It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. As the June 13-14 meeting of the central bank’s Federal Open Market Committee (FOMC) approaches, the housing industry remains prepared for yet another jolt of rate shock.
Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. That was surprisingly strong, but as I have always stressed, context is critical. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness. The recent growth broke that streak, but demand is still low.
For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The National Home Builders Association ‘s June survey marks the sixth straight month that builder confidence has increased and is the first time that sentiment levels have surpassed the midpoint of 50 (out of 100) since July 2022.
We’ve had some odd job reports over the years, but the key is to always follow the trend. That’s especially important with Friday’s data , which showed 339,000 jobs were created in May even while the unemployment rate increased. As someone who wrote that we should get job openings toward 10 million in this expansion, I am always mindful of my other labor talking point.
Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week after the debt ceiling issues were resolved, but the damage from higher rates took its toll on purchase application data again. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023.
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