Cleveland Appraisal Blog
NOVEMBER 3, 2022
Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. So what can we do? Half my work is non-lending work, and that’s been a blessing. Mortgage lending work is only one type of business where appraisals are needed.
Sacramento Appraisal Blog
NOVEMBER 8, 2022
Sellers have been saying goodbye to some of the equity they gained during the past couple of years. In Sacramento, we’ve actually lost 40% of the pandemic gains since May. Today I want to talk about price trends, and I hope this is helpful – whether you’re local or not. Skim quickly or digest slowly. […]. The post Saying goodbye to pandemic home price gains first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
NOVEMBER 28, 2022
Economic reports over the Thanksgiving holiday paint a complicated picture of what’s happening, and where we are on recession watch. The big economic surprise was the strength of Black Friday sales, where consumers spent a record $9.12 billion online. Another surprise was the Atlanta Fed’s forecast of 4.3% GDP growth in the fourth quarter, since the Atlanta Fed data was used by many to say that the U.S. went into a recession earlier in the year.
Cleveland Appraisal Blog
NOVEMBER 14, 2022
Are you interested in getting into the world of commercial real estate? This week I welcome back guest blogger June Duncan, who shares some things to think about if this is an area that you are interested in pursuing. Enjoy! Image by Unsplash. Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. It’s often mistaken for easy money, though, by people who underestimate the work it entails.
The Appraiser Coach
NOVEMBER 29, 2022
I’ve been known to talk a lot about preparing for the unpredictable. A while back someone asked me a question about it. In essence their question was, “Dustin, how can. Read More.
Eyes on Housing
NOVEMBER 23, 2022
New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Sacramento Appraisal Blog
NOVEMBER 16, 2022
The housing market has really changed, and it’s not an easy time to work in real estate. I know people in all parts of the profession who are having a hard time and wondering how to make things work. So, I wanted to share some perspective to hopefully bring encouragement. This post is sort of […]. The post The housing market will figure it out first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Housing Wire
NOVEMBER 17, 2022
The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.
Miller Samuel
NOVEMBER 13, 2022
I'm a big fan of Pat Kiernan , the star anchor for Spectrum News NY1. I especially like his "in the papers" spots and I've been on his morning show a few times. He interviewed me virtually to set the stage to describe NYC's housing challenge. Check it out! The post My Interview on Crosstown with Pat Kiernan - What can we do about NYC's housing crisis?
The Appraiser Coach
NOVEMBER 8, 2022
There have been many times that I’ve heard of, or experienced myself, when an appraisal is being done, and at some point during the walk-through the agent shows up with. Read More.
Eyes on Housing
NOVEMBER 21, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.
George Dell
NOVEMBER 22, 2022
Editor’s Note: Is the Definition of Market Value Outdated? is a Guest Post from Bruce Hahn, SRA, MAI, CRE, CCIM. Why has the current definition of market value been around without change for so long? Many decades in fact! Not much of it seems applicable to the realities of at least the last decade nor […]. The post Is the Definition of Market Value Outdated?
Sacramento Appraisal Blog
NOVEMBER 29, 2022
It’ll get worse before it gets better. That’s pretty much true in lots of ways in life. Going through the teenage years, recovering from injury, remodeling a kitchen… and enduring a housing downturn. Today I have a few things to share, and I hope this will be helpful (especially #3 as you look to 2023). […]. The post The housing market will get worse before it gets better first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Housing Wire
NOVEMBER 16, 2022
Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In November, builder sentiment in the market for newly built single-family homes fell five points from October , ending at 33 points — less than half the level it was six months ago.
GoForrmz
NOVEMBER 9, 2022
GoFormz was selected as a Top Tech Firm in the construction industry. Now in its 20th year of publication, Construction Executive is the leading trade magazine about the business of construction. In its most recent issue, CE published a comprehensive list of The Top Construction Technology Firms ™ – and GoFormz made the list! How Construction Executive’s Top Tech Firm List was Formed CE developed The Top Construction Technology Firms™ list by asking hundreds of firms that provide technology and
The Appraiser Coach
NOVEMBER 1, 2022
Language is important. We often get so caught up in the moment, so laser-focused on how we feel about something, that we become casual in the verbiage that we use. Read More.
Eyes on Housing
NOVEMBER 15, 2022
The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report. The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%).
George Dell
NOVEMBER 16, 2022
Giving Thanks. Oh Not Again! Gratitude! Each year I just get over the last one. Get over the fright of Halloween. Adjust to the unnecessary moving clocks back and forth one hour. And think about the pending spirit-oriented holidays as well as the iconic BIG deal — A new near! Oh my. […]. The post Giving Thanks — Again! appeared first on George Dell, SRA, MAI, ASA, CRE.
Sacramento Appraisal Blog
NOVEMBER 21, 2022
I don’t recommend talking about real estate during Thanksgiving dinner, but if you need some flavorful conversation, I’ve got you covered. UPCOMING (PUBLIC) SPEAKING GIGS: 12/5/22 SAFE Credit Union market update on Zoom (register here (free)) 1/18/23 WCR Market Update in Cameron Park (details TBD) 1/19/23 Big market update at SAR on Zoom (details TBD) 1/23/23 […].
Housing Wire
NOVEMBER 16, 2022
Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% for the week ending November 11, according to the Mortgage Bankers Association (MBA).
GoForrmz
NOVEMBER 1, 2022
How to find GoFormz at GroundBreak 2022 We are so excited to be attending Groundbreak in New Orleans, this November 7-9, 2022! Before you gear up for the event, we want to help you find GoFormz this year. With 120+ vendors and sessions, planning is a must for a successful Groundbreak experience. We’re dedicating our time at Groundbreak to share how our GoFormz-Procore integration can improve and automate your everyday tasks.
The Appraiser Coach
NOVEMBER 15, 2022
In the appraisal world, people ask you questions all the time. Some of those questions you can prepare for, and others come completely out of left field. In either scenario, Read More.
Eyes on Housing
NOVEMBER 1, 2022
Higher interest rates are pricing out some (not all) buyers, but also transforming remaining prospects into active buyers. In the third quarter of 2022, 59% of prospective buyers had moved beyond the planning phase and become fully engaged in the buying process, up from 46% in the first quarter and 49% in the second quarter of the year. The share.
George Dell
NOVEMBER 9, 2022
Fannie and Freddie property data will soon become public. Now What? Everyone seems to agree, or even shout! “Give us the data and we can do better!” Even appraisers. Problem. Appraisers have no real training in how to use data. You don’t need to worry about using data when you can just pick five comps. […]. The post More Data – Now What?
Sacramento Appraisal Blog
NOVEMBER 1, 2022
The housing market is really starting to feel the pain of higher mortgage rates. Today I’d like to unpack some fresh October stats to show what I mean. I also have some thoughts about the spring season when prices are dropping. Whether you’re local or not, I hope this is helpful. This post is designed […]. The post The housing market is feeling the pain of higher rates first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Housing Wire
NOVEMBER 10, 2022
Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle? Let’s take a look at today’s data.
Padove Appraisal Service
NOVEMBER 27, 2022
Residential markets in Philadelphia, PA and its surrounding suburbs tend to be more conservative. Our local market has seen its share of price increases over the past couple of years however, at a lower rate than other parts of the country. We are not insulated from downward market conditions, but a more controlled upswing often translates into a less severe downswing.
The Appraiser Coach
NOVEMBER 22, 2022
What an opportunity it is to live in the information age. There are so many mind-boggling technological advancements out there and so many educational resources to take advantage of. As. Read More.
Eyes on Housing
NOVEMBER 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000).
George Dell
NOVEMBER 2, 2022
Statistical methods have been long touted in established appraisal education. Yet they seem to remain mystical and remotely related to what we actually see in appraisal reports. What happened? I was an early proponent of more numerical methods as opposed to judgment opinion methods. It seemed to me that adjustments taken off adjustment sheets seemed […].
GoForrmz
NOVEMBER 11, 2022
Focus on people, not paperwork, with these digital HR forms Human resource professionals are expert multitaskers. From hiring and onboarding to benefits management, conflict resolution, and beyond, HR teams are tasked with a vast array of functions critical to their business. These activities often require heavy documentation, which, although necessary, results in obstacles to productivity, frequent human error, and an onslaught of record-keeping demands.
Housing Wire
NOVEMBER 9, 2022
While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels.
Appraiserblogs
NOVEMBER 15, 2022
The ranks of the new DEI bosses at the financial institutions are no more diverse than the appraisers their institutions see as the enemy. If the lack of diversity of appraisers is inherently bad, how could the same not be said for the DEI bosses? A full 93 percent of U.S. birdwatchers are white. Just 4 percent are African-American and a paltry 1 percent are Asian-American.
Kairos Appraisal Services
NOVEMBER 3, 2022
The ACE+ Property Data Report is a new component that could allow borrowers on Freddie Mac–eligible loans to avoid a full appraisal inspection on purchases or cash-out or rate-term refinances. Instead, property information is collected on-site by a real estate agent, inspector, or data collector using Freddie Mac’s proprietary PDR data sets. When the ACE+… The post The Risks and Rewards of ACE+ PDRs appeared first on Kairos.
Expert insights. Personalized for you.
393 
Let's personalize your content