Sacramento Appraisal Blog
OCTOBER 10, 2022
The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish.
Housing Wire
OCTOBER 27, 2022
On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Does this mean the Federal Reserve needs to hike rates even more to get the recession they’re looking for, or is there a case for mortgage rates to go below 6% over the next six months?
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Cleveland Appraisal Blog
OCTOBER 27, 2022
Are you anticipating having your home appraised? How can you prepare for the inspection? This week I welcome back guest blogger, Betty White, who shares her thoughts on ways to prepare. While she is not an appraiser, I am, and I agree that these things can help! I hope you find this information helpful! When selling or refinancing a house, an appraisal is typically necessary.
George Dell
OCTOBER 26, 2022
There are three specific terms used to define what is a comp. It should be competitive, similar, and able to be compared. Competitive means what a ‘typical’ buyer would consider as between the comp, and the subject, if they were available in the marketplace at the same time (the date of value). Similar means “resembling […]. The post Three Ways to Pick a Comp?
Speaker: Timothy Allsopp
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
Appraisal Buzz
OCTOBER 10, 2022
The post The Two States of Anxiety for an Appraiser appeared first on Appraisal Buzz.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Sacramento Appraisal Blog
OCTOBER 10, 2022
We are on the cusp of seeing year-over-year median price declines, so let’s talk about it. I wanted to share what looks to be on the horizon in the Sacramento area, and whether you’re local or not, I hope this is helpful. UPCOMING (PUBLIC) SPEAKING GIGS: 10/11/22 Folsom MLS Meeting (9am) 10/13/22 Market update in […]. The post Home prices are close to dipping below last year first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Housing Wire
OCTOBER 3, 2022
Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. Median home prices in August fell 0.98% in August, only slightly better than July’s 1.05% monthly decline. The average home price is down 2% ($8,800) from its June peak nationally as we enter the historically slower fall-winter homebuying season.
Eyes on Housing
OCTOBER 6, 2022
A majority of new homes that completed construction in 2021 included two-car garages (67%), according to NAHB analysis of 2021 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.
Miller Samuel
OCTOBER 20, 2022
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Appraisal Buzz
OCTOBER 10, 2022
Today, we live in a highly charged political climate where truth is often obscured in relative terms. We live in a society where many times people are categorized and labeled inaccurately by the actions of others in their community or profession. A few people or a group of people in a community or profession do or say something resulting in the perception that everybody in that community or profession is of same mindset.
The Appraiser Coach
OCTOBER 4, 2022
As an entrepreneur in your business, you are wired to seek and get excited about opportunities. New people, new options, a new environment, or a new place all present a. Read More.
Sacramento Appraisal Blog
OCTOBER 25, 2022
Home prices are the holy grail in real estate, and it almost seems sinful or off-limits to say they’re going down. But let’s be real. That’s what is happening right now locally and in some other portions of the country. Let’s talk about what this means as well as what’s going on in appraisal reports. […]. The post Are home prices declining?
Housing Wire
OCTOBER 31, 2022
The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? Over the weekend, The Wall Street Journal brought up this point — that the Fed is mindful that household balance sheets are much better now due to the excess savings built up during the COVID recovery and t
George Dell
OCTOBER 19, 2022
The Community of Asset Analysts (CAA) was officially founded in 2019, when we held the first meeting after Stats, Graphs, and Data Science 2 in Detroit, MI. Many of group’s leaders voluntarily attended to help and support what George Dell’s Valuemetrics.Info had been building for many years. We continue to grow. We have a mission. Our […]. The post Why the Asset Analyst Community?
Miller Samuel
OCTOBER 10, 2022
I'm a regular listener to the Slate Money podcast so I was thrilled to be invited to participate. This week, Felix Salmon , Emily Peck , and Elizabeth Spiers are joined by housing market analyst and real estate appraiser Jonathan Miller to answer all their burning real estate questions including what’s going on with mortgage rates, how do new luxury buildings affect prices, and why is rent so damn high?
Appraisal Buzz
OCTOBER 3, 2022
What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Pretty much everything. Many appraisers working in today’s marketplaces are about to find out how important this is. I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance.
The Appraiser Coach
OCTOBER 18, 2022
Let’s talk about shoes. Now I know, you may not expect businessmen and professionals to talk about shoes. Surely, they have more important things to think about. Nevertheless, the. Read More.
Sacramento Appraisal Blog
OCTOBER 17, 2022
Goodbye. Zillow sold their last house in Sacramento. After announcing failure as an iBuyer in late 2021, they recently got rid of their final unit. And the cherry on top is they sold this property to Opendoor. UPCOMING (PUBLIC) SPEAKING GIGS: 10/18/22 Orangevale MLS Meeting Q&A (9am) 10/20/22 How to Think Like an Appraiser (9am-12pm) (Sign […].
Housing Wire
OCTOBER 28, 2022
Pending home sales continued their downward spiral in September, recording a 10.2% month-over-month decline that resulted in an index reading of 79.5, according to data released Friday by the National Association of Realtors. This is the fourth consecutive month of declines. Pending home sales have now fallen in 10 of the last 11 months. Economists predicted that pending home sales would drop by 4.0% in September.
George Dell
OCTOBER 12, 2022
Why are so many business segments utilizing Data Science in their business decisions? These business segments include but are not limited to marketing, transportation, telephony, medicine, insurance, finance, entertainment and many others. Editor’s Note: Bruce Hahn, CCIM, CRE, MAI, SRA is kind enough to write another Guest Post for us this week.
Cleveland Appraisal Blog
OCTOBER 8, 2022
This week I welcome back guest blogger Seth Murphey. In this article, he discusses the advantages of starting a business in Cleveland. I grew up in Denver, Colorado, and moved to Cleveland in 1996. Cleveland is an awesome place to live! I think Seth’s article touches on some of the reasons why. I hope you enjoy his article! Location can make or break a business’s success and is a critical consideration when deciding where to find a company.
Appraisal Buzz
OCTOBER 5, 2022
Today’s Buzzcast interview is with Jared Motzenbecker, Director of Wealth Services of Gulfside Wealth. We sat down with Jared and Joan Trice, Founder of Allterra Group, LLC, to discuss financial planning and the path to retirement. How late is too late to plan for retirement? What can appraisers do now in their 40’s and 50’s to successfully financially plan for retirement?
The Appraiser Coach
OCTOBER 11, 2022
This might seem counterintuitive, but when your business is growing and you are finding new clients, that’s the best time to start dabbling in a new side hustle apart from. Read More.
Sacramento Appraisal Blog
OCTOBER 5, 2022
Nobody is buying today. Everyone has left the market. Or wait, I mean, it’s only buyers at the very highest prices who have backed off. No, maybe it’s first-time buyers who are getting crushed. There are lots of ideas floating around, so let’s take a look at some stats. I hope this is helpful, whether […]. The post Who is buying in today’s housing market?
Housing Wire
OCTOBER 11, 2022
There’s a showdown at the housing market corral between homebuyers and sellers. (Image by Brandon Johnson/HW Media.). When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.
George Dell
OCTOBER 5, 2022
Three-Hundred plus One! Cyndi Law is our editor-in-chief, webmistress, and main force for Valuemetrics. She informed me, from the results of our internet provider’s SEO rules, that last week was our three-hundredth post! And the topic, appropriately, was how outdated ‘established’ appraiser education blocks better valuations, better economic health, and enlightened public policy.
Eyes on Housing
OCTOBER 28, 2022
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that new home sales financed through FHA numbered 11,000 and accounted for 7.5% of the total in Q3 2022–the smallest share since the fourth quarter of 2007. The share has dropped by nearly two-thirds since the spring of 2020. In contrast, the share.
Appraisal Buzz
OCTOBER 25, 2022
*The Appraisal Buzzcast Video will appear here at 5 am on 10/26*. Today’s Buzzcast interview is with Tom Winant and Alan Jeary of STRAAM Group. We sat down with Tom, Alan, and Joan Trice, Founder of Allterra Group, LLC, to discuss what the appraisal industry needs to know about structural risk. How can structural risk impact the appraisal? These questions and much more will be answered between Tom, Alan, and Joan as they dive into this subject.
Housing Wire
OCTOBER 7, 2022
On Friday the Bureau of Labor Statistics reported 263,000 new jobs were added in September. While that growth seems like good news in this economy, it runs directly counter to what the Federal Reserve wants to see. And the even worse news for the Fed was that the unemployment rate fell back to 3.5%. That low unemployment rate has to be driving the Fed nuts.
Housing Wire
OCTOBER 19, 2022
In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report. As someone concerned about the housing inflation story since inventory channels broke to all-time lows in 2020, I am frustrated by this housing completion data.
Housing Wire
OCTOBER 17, 2022
Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared with HousingWire. The organization says this move is intended to increase homeownership opportunities, and will be available to mortgage lenders through its automated underwriting system Loan Product Advisor (LPA), beginning on Nov. 6.
Housing Wire
OCTOBER 24, 2022
The Federal Housing Finance Agency (FHFA) on Monday announced that it is replacing the Classic FICO credit model, which Fannie Mae and Freddie Mac have relied on for nearly 20 years, for the FICO 10T and VantageScore 4.0. “They will provide more accurate credit scores, and we believe the market, including investors, will be provided with an improved understanding of risk from not just one but two different credit score models,” Sandra Thompson, the FHFA’s director, said during
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