Miller Samuel
MAY 3, 2020
If you can indulge me, I was included in the ABC World News Tonight broadcast on Saturday night to talk about the potential urban to suburban housing shift , particularly in NYC. It was cool to be interviewed by Deirdre Bolton for her first World News Tonight segment since just joining ABC via Fox Business and previously from Bloomberg where I had spoken with her before.
Genworth MI Blog
MAY 28, 2020
Remember when manufactured housing used to equate to mobile homes? Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.
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Aspen Appraisal Group
MAY 11, 2020
What is considered a bedroom? The answer to that question seems simple, doesn’t it? We all know what a bedroom is. As you read this, you’re picturing one now. And yet, when it comes to determining the value of a home, it can be more complicated than you’d think. Let’s rephrase that. Determining what is considered a bedroom has been made to be more complicated.
Yolo Solano Appraisal Blog
MAY 27, 2020
As I type this, the 100,000th person in the US has died from the novel coronavirus 2019. The country has shut down to bend the curve. Shelter in place started in Yolo County on March 19, forcing most people to stay home. Unemployment exploded nationwide, going from 3% to nearly 20% in a month while […].
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Miller Samuel
MAY 20, 2020
[ NYC.gov ]. One of the pieces of conventional wisdom we have picked up during the COVID-19 crisis is that high-density residential living will be less favored. The city to suburban migration pattern is already beginning in New York City and could last several years. The rising number of suburban single-family rental inquiries from the city has provided the initial evidence of a trend.
Genworth MI Blog
MAY 28, 2020
Remember when manufactured housing used to equate to mobile homes? Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.
Aspen Appraisal Group
MAY 21, 2020
It’s Memorial Day weekend. With the majority of counties in Utah being moved to the Yellow (Low Risk) or Orange (Moderate Risk) phase of the COVID-19 Health Guidance System, there will most likely be a number of family gatherings, barbeques, and pool parties taking place over the next few days. Socially distanced of course! You just might find yourself at a pool party and after taking a dip you just might think, “I need one of these in my backyard!”.
Houston Properties
MAY 22, 2020
Sell Your Houston House Fast For The Best Price With Keller Williams. Over 134,000 people move to Houston each year. Keller Williams' unparalleled nationwide and international reach puts your home in front of these buyers. Summary. Over 134,000 people moved to Houston each year in the past decade. To sell your home fast for the most money, you need to generate multiple offers.
Speaker: Dylan Secrest
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.
Walitt Solutions
MAY 24, 2020
A student in my USPAP Update class recently asked me, “I know I can discuss the report with the client, but I’ve talked about the report with other intended users, too. Isn’t that why they are an ‘intended user’?” Let’s take a look at this issue in a bit more depth, starting with the definitions of “client” and “intended user” from the 2020-2021 edition of the Uniform Standards of Professional Appraisal Practice (USPAP): CLIENT :
REX Real Estate
MAY 21, 2020
REX Homes, the real estate technology company delivering a full-service online marketplace for residential real estate buyers and sellers and the lowest transaction costs in the industry, today announced a significant minority investment from Lion Capital.
Miller Samuel
MAY 20, 2020
I've been asked to participate in Thursday's New York Times Event New York Real Estate: How Low Will Prices Go?". Click on the image below to RSVP !
Willowbrook Valuation
MAY 28, 2020
Back in March when the country initially shut down due to the spread of COVID-19, it caused a massive nationwide stall. After ten weeks, we’ve had plenty of time to adjust to our new daily circumstances in terms of social distancing and sheltering in place. Investors have also had time to survey the everchanging economic […]. The post Recapping Investor Responses to the COVID-19 Outbreak appeared first on Willowbrook Valuation & Advisory Services.
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Home Junction
MAY 28, 2020
At times in the world of business, when a major event takes place, such as this COVID-19 crisis, market practices change. Some events can even be a catalyst for lasting change. Let’s face it, conditions in 2020 have certainly altered the real estate landscape. However, one of the great attributes of the real estate industry is its resilience. It will adapt to market conditions.
Houston Properties
MAY 6, 2020
How To Sell Your House Fast For The Most Money. A home seller guide from the number one Realtor in Houston. Summary. Houston Properties Team listings sell for 7.2% more and for 43.7% faster than average. We’re able to accomplish this because we know what it takes to be able to sell your Houston home fast and for more money. We’ve gained experience as the #1 boutique real estate team in Houston, and have gathered data from our database of 30,000 buyers.
Rowe Appraisal Group
MAY 6, 2020
Real estate agents and appraisers alike often struggle to define the architectural style for unusual or unique properties. Have you ever gotten a new listing, took one look and started scratching your head and asking yourself how you are going to describe this to prospective clients? Even more basic properties can present a conundrum when they nod to more than one typical style.
REX Real Estate
MAY 19, 2020
An instant offer, or iBuyer, is a company or an individual that invests in…
Miller Samuel
MAY 12, 2020
Here's an updated excerpt from my Housing Note newsletter dated October 28, 2016, digging into the median sales price. You can subscribe to Housing Notes and other housing resources for free. I wrote about the median sales price a decade ago , and the message still holds. A couple of years ago, I whipped up a table that shows how median sales price can perform in a changing housing market.
Miller Samuel
MAY 7, 2020
In this Sunday's New York Times Real Estate Section ( online now ), the Calculator column featured some data trends I've gathered during two significant prior housing market events: What Can 9/11 and the Great Recession Tell Us About Coronavirus Recovery?
Home Junction
MAY 26, 2020
A property API displaying the trends in local market conditions adds impact to any simple screen-recorded real estate videos. During slowdowns, it might be smart for local brokers and agents to comb that hair, set up a nice background in a room and create some screen recorded videos on their computers. There are a few compelling reasons to have a real estate video strategy in place.
Home Junction
MAY 20, 2020
There are times when the real estate market slows down, but there could still be ways to keep in touch with clients and provide them with valuable property data software for when business cranks back up. Those slowdowns could be seasonal. Or, caused by a natural disaster, such as a hurricane or forest fire. Or they could be totally unexpected, like the situation we find ourselves in today.
Home Junction
MAY 14, 2020
When agents come across slow times, current property data and real estate marketing automation tools can be used to attract new clients and keep them updated as conditions change. As we all know, successful people keep themselves busy during downturns. There are plenty of prospects sitting out there even if they just might not be ready to take action now.
Home Junction
MAY 12, 2020
Market data for real estate can be a blessing when it comes to helping your listing clients respond to off-the-wall, low-ball offers. As we all know, market conditions fluctuate. In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price. And then the economy changes, and the equation reverses.
Rowe Appraisal Group
MAY 6, 2020
I love when I have the opportunity to meet the listing agent at the property, but as you know, that’s not always possible. This fillable/interactive form allows you to make sure the appraiser has all of the information they need to complete a thorough appraisal of your listing. I’ve broken this form up into two sections with the first covering the recent updates to the property and the second related more to the market area and ways in which your listing shines.
Rowe Appraisal Group
MAY 6, 2020
Often before a property is purchased using a loan from a mortgage company, it must be appraised and inspected. Many homeowners confuse the appraisal inspection and the home inspection and ask me what the difference is. Here are some of the main ways that appraisals and home inspections are different and also overlap. Different End Goals: Value vs. Condition The main thing to know is a real estate appraiser’s focus is on determining the value of the home and those factors that will influence th
Rowe Appraisal Group
MAY 6, 2020
This blog post goes out to all the Realtors who have had a deal fall through because the appraised value was below the contract price. Some of you may even had multiple offers with most of them were even above the appraised value. If this has happened to you, first and foremost: I feel your pain! You are thinking to yourself, “If I have 4 different buyers willing to pay $400,000, how could the appraiser say that it is only worth $390,000?
Rowe Appraisal Group
MAY 6, 2020
Ryan Lundquist of Sacramento Appraisal Group wrote a great post explaining economies of scale and how we run into instances all the time in our lives of something small costing more than a larger amount of the same thing. The Starbucks coffee analogy he employs is such a great illustration and I highly recommend checking his article out here ( [link] ) The surprising thing Ryan pointed out, though, is that we often ignore these economies of scale when we make assumptions about the price per squa
Rowe Appraisal Group
MAY 6, 2020
I recently came across this great graphic by Title Source that goes through the home appraisal process and the appraisal basics. It briefly discusses what an appraisal is, why it is necessary, what appraisals are based on, what homebuyers need to know, appraisal myths and truths, etc. In the coming months, I will be unpacking each of these topics and going into more detail about each of the items shown in the “flowchart” to “pull back the curtain” in an effort to educate the consumer on the ap
Rowe Appraisal Group
MAY 6, 2020
Glenview homeowner sues Zillow over ‘sloppy’ estimate In 2014, I wrote a blog post about Zillow and I decided it’s time to turn my attention back to this again. Today, Zillow is still very much in the news and a big player in the world of home values. What caught my eye in 2014 was a blog post written by another appraiser in Philadelphia (Michael Coyle of The Coyle Group) who had compared 20 of his company’s appraisal values to Zillow’s value estimate (with similar results
Rowe Appraisal Group
MAY 6, 2020
I wanted to share a quick insight into what I see in the northwest suburbs as a bifurcated housing market. The upper end of the market* appears to be oversupplied while the lower end** is in balance and getting close to being undersupplied or having a shortage of inventory. The following charts illustrate this point. I looked at 3 northwest Chicago suburbs (Park Ridge, Glenview, and Northbrook).
Rowe Appraisal Group
MAY 6, 2020
During a conversation with a real estate agent, I was asked how we support time adjustments when a market is hot and prices are increasing. I started to explain how we use InfoSparks how it is a valuable tool for me as an appraiser. It allows me to look at different segments of the market very quickly and then use that information in my reports by depicting the trends graphically with charts.
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