Sacramento Appraisal Blog
MAY 11, 2022
The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches. Today I want to highlight what’s been happening in Sacramento, and unpack what I mean by “shift” too since this word can be sensationalized. If you’re not local, what are you seeing […].
Housing Wire
MAY 12, 2022
Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house.
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Appraisal Buzz
MAY 9, 2022
It is no secret that log homes do not appraise well. In the past, almost every major log home magazine has posted an article on the topic. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? Many appraisers in urban areas like Chicago believe that the log home market is irrelevant and is not worth exploring.
The Appraiser Coach
MAY 10, 2022
I was in a group meeting recently where we were talking with small business owners and trying to help them with some of the problems they were facing. One. Read More.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Eyes on Housing
MAY 12, 2022
According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4% in March and February, respectively. This adds up to an 4.9% increase in building materials prices since the start.
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Appraisal Buzz
MAY 11, 2022
This content is password protected. To view it please enter your password below: Password: The post Protected: The Future of CRE Cash Flow Modeling & Valuation Technology appeared first on Appraisal Buzz.
George Dell
MAY 11, 2022
Market area, District, Neighborhood – what do our directives say? Let’s take a look at standards, education, regulations, and the GSE (Government Sponsored Enterprises). First, let’s set a goal: What is the ideal comparable data to analyze? How big, how similar, and how competitive should it be? Read Part I and Part II of Do […]. The post Part III: Do We Need a Neighborhood Section?
Eyes on Housing
MAY 10, 2022
In the first quarter of 2022, the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed a significant net share of banks reporting more relaxed lending standards and weaker demand for most categories of residential real estate (RRE) loans. “Significant” net shares of banks reported weaker demand for all RRE loan categories other than subprime.
Housing Wire
MAY 10, 2022
This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.
Advertiser: Trellis
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.
Appraisal Buzz
MAY 11, 2022
Today’s Buzzcast interview is with Mel Black, Certified Residential Appraiser, Licensed real estate broker, and McKissock Learning’s Director of Appraisal Innovation. We sat down with Mel and Jim Morrison, VP of Marketing and Sales for Allterra Group, to discuss appraisal disciplinary cases and how appraisers can learn from them. What is your background in the appraisal industry?
Appraiserblogs
MAY 11, 2022
It provides no better illustration of how occupational licensing promotes groupthink and intolerance to differing viewpoints… CALIFORNIA: WHERE RIGOROUS INQUIRY GOES TO DIE It smothers innovation and silences debate. These have been principal criticisms of occupational licensing over the years, and nowhere is innovation and debate under greater attack than in California.
Eyes on Housing
MAY 12, 2022
Housing affordability in the first quarter of 2022 looks starkly different depending on the interest rate assumed in the calculation. The average mortgage interest rate for the quarter was 3.86%. But by the end of April, it was 5.11%. If the former is used, then housing affordability shows a modest gain in the first three months of the year, driven.
Housing Wire
MAY 10, 2022
Nonbank heavyweight loanDepot reported an unprofitable quarter largely due to a steep decline in origination volume and expense reductions that did not keep up with the rapidly changing environment. The firm said it doesn’t expect to have a profitable fiscal year, citing pressures on margins and lower market volume. . The California-based company reported a net loss of $91.3 million in the first quarter, compared to a net income of $14.7 million from the previous quarter.
Appraisal Buzz
MAY 10, 2022
The Fannie Mae requirement for appraisers to begin measuring single-unit properties with the ANSI Z765 standard kicked in several weeks ago, but many appraisers still have questions about the standard. One of the most common questions concerns how to handle stairs with ANSI. Stairs are nothing to be afraid of, and in most cases, they require no special consideration or separate measurement.
GoForrmz
MAY 13, 2022
Digital forms and solutions are critical for modern transportation teams Transportation is a tough job, and the industry is approaching its toughest week of the year: International Roadcheck. This is a 72-hour event with increased inspections all throughout North America. It's one of four safety initiatives for 2022 created by the Commercial Vehicle Safety Alliance (CVSA).
Eyes on Housing
MAY 13, 2022
During the first quarter of 2022, credit became tighter on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. The NAHB survey produces a net easing index that summarizes the change in credit conditions, similar to the net easing index constructed from the Federal Reserve’s survey of senior loan officers (SLOOS).
Housing Wire
MAY 11, 2022
With the strange mix of market dynamics in real estate right now, it can be challenging to predict when the market will cool off based on the usual seasonal patterns. On the one hand, interest rates have spiked to their highest point in years, which should be dampening demand. On the other hand, inventory is still near record lows, and there is so much pent-up demand and cash ready to deploy that we are still hitting new record home prices each week.
Appraisal Buzz
MAY 13, 2022
Vision Mortgage Group has joined Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada. Mark Charlton will lead the company as president. Vision Mortgage Group is focusing on expanding homeownership opportunities across the country and will be leveraging PMG’s mortgage platform to accomplish that goal. “We’re thrilled to be welcoming Mark to our organization and look forward to his leadership as we continue to grow and evolve,” say
Empire Appraisal Group
MAY 12, 2022
Why Most Americans Say They Don’t Like Neighbors. Source: Why Most Americans Say They Don’t Like Neighbors | Florida Realtors. Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’. CHARLOTTE, N.C. – Many Americans say they aren’t happy with their neighbor, whether it’s due to “weird vibes,” noise or rudeness, finds a new survey of more than 1,500 consumers from LendingTree.
Eyes on Housing
MAY 11, 2022
Consumer prices increased at a somewhat slower pace in April, the smallest monthly increase since August 2021, though inflation remains near a 40-year high. The food at home and shelter index rose at their fastest pace since November 1980 and April 1991. Though gas prices have fallen from their March highs, the pace of inflation will likely stay high in.
Housing Wire
MAY 10, 2022
This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Bringing together some of the top economists and researchers in housing, this event will provide an in-depth look at their latest insights on the housing market, along with a roundtable discussion on how this information applies to your business.
Appraisal Buzz
MAY 11, 2022
PERSON OF THE WEEK: As the mortgage industry and its regulators strive to bring homeownership to more borrowers throughout the country, many lenders are working hard to find the best way to serve their lower-income clients and ensure they do not get left out in the current market, while still lending responsibly. Otmane Laassel, branch manager and senior loan consultant at the Homespire Mortgage branch in Shady Grove, Maryland, recently spoke with MortgageOrb about.
GoForrmz
MAY 10, 2022
Take the hassle out of job site hazard documentation by adding an Image field to your forms Nobody wants to think about the realities of on-site work hazards, but failure to properly document them can cause even more headaches. The Occupational Safety & Health Administration (OSHA) is one of the groups responsible for ensuring proper measures are taken to reduce workplace accidents.
Eyes on Housing
MAY 10, 2022
Population growth in the United States amounted to just 0.12% in 2021 (between July 2020 and July 2021), the slowest rate on record dating back to 1900. The sharp slowdown in population growth over the past two years is almost entirely due to pandemic-related factors, namely decreased birth rates, increased mortality and decreased net international migration.
Housing Wire
MAY 12, 2022
Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio.
Appraisal Buzz
MAY 13, 2022
Leveraging data from 890,000 unique users, LendingTree has released new research on Generation Z from the 2021 calendar year on where they are most likely to move to after graduating and leaving home. Generation Z, born between 1997-2012 and now aged 18-24, is beginning to see its first wave of homebuyers and by all available data, … The post Gen Z Buyers Represent a ‘Growing Splash’ appeared first on DSNews.
GoForrmz
MAY 10, 2022
Leverage Calculations with Dynamic Field Properties to make specific fields Hidden/Visible and easily guide user data entry Did you know that Automatic Calculations can do more than just populate numbers? In fact, there are numerous instances where Calculations are leveraged to automatically populate form data for users to guide user entry, ensure data integrity, expedite form completion processes, and much more!
Eyes on Housing
MAY 13, 2022
According to NAHB estimates, the total count of second homes was 7.15 million in 2020, accounting for 5.11% of the total housing stock. This represents the most recent data available. As of 2020, the state with the largest stock of second homes was Florida (1.04 million), accounting for 10.8% of all second homes. South Dakota had the smallest stock, approximately.
Housing Wire
MAY 10, 2022
Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did not qualify for the loans. Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA).
Appraisal Buzz
MAY 13, 2022
By an 80-19 vote, Jerome Powell has been confirmed as Chairman of the Federal Reserve Board by the U.S. Senate. The post Fed Chair Powell Confirmed by Senate for Second Term appeared first on DSNews. The post Fed Chair Powell Confirmed by Senate for Second Term appeared first on Appraisal Buzz.
McKissock
MAY 11, 2022
Time is money. Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. Here are some good indications that your clients are truly ready to buy. #1: They don’t say “I want to see what’s out there”.
Eyes on Housing
MAY 11, 2022
Per the Mortgage Bankers Association’s (MBA) latest month’s surveys (the week ending May 6), the 30-year fixed-rate mortgage (FRM) rate rapidly grew to 5.53%, marking the steepest interest rate increase on record. The Market Composite Index, a measure of mortgage loan application volume, increased by 2% on a seasonally adjusted basis from one week earlier, despite a general downward trend. .
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