Sacramento Appraisal Blog

APRIL 5, 2023

The market is hot again. Sort of. We’ve been seeing a spring seasonal market for a few months, but we seemed to hit an inflection point locally a few weeks ago, and it’s getting REALLY competitive out there. Let’s talk about it. This is a longer post, so scroll by topic or digest slowly. UPCOMING […] The post The housing market is hot again (sort of) first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 276

Housing Market Marketing Real Estate Appraisal 276

Housing Wire

APRIL 7, 2023

Shrinking wholesale lender Homepoint is closing its mortgage origination business and will sell its origination-focused assets to competitor The Loan Store , the company announced on Friday. Michigan-based Homepoint is “winding down” its tenure as a direct participant in the mortgage origination business and becoming an investor in the market, as the company will hold an equity interest in The Loan Store.

Investors 526

Investors Business Mortgage Marketing 526

Real Estate News

APRIL 1, 2023

With billions of dollars at stake, a judge’s ruling this week poses challenges to the residential real estate commission system.

Agents 270

Agents Real Estate 270

George Dell

APRIL 5, 2023

Editor’s Note: This is Part 3 of Bruce Hahn’s series on Is the Definition of Market Value Outdated? In Part One and Part Two we asked why the current definition of market value has been around without change for so long? We focused on item 4 in the current definition of market value which says: […] The post Is the Definition of Market Value Outdated?

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Market Value Marketing 195

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

Construction

The Appraiser Coach

APRIL 4, 2023

I’ve been talking recently about what I call the “principles of prosperity.” The last couple have had to do with money – what it is and how it works.

Technology 195

Technology Investing Inspection Advertising 195

Real Estate News

APRIL 5, 2023

REdistribute, led by powerhouses Bright MLS and CRMLS, has launched with the goal of monetizing MLS data and sharing revenue back to participants.

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Miller Samuel

APRIL 1, 2023

The Office of the New York State Comptroller released its analysis of Wall Street Bonuses for 2022 last week. The real estate industry used to go gaga over this report before the housing bubble. But now, with so many bonuses received as deferred compensation or in a non-cash format, the Manhattan housing market no longer sees an immediate surge in demand when bonuses are announced.

Real Estate 195

Real Estate Housing Market Appraisal Marketing 195

Eyes on Housing

APRIL 5, 2023

As described in a previous post, NAHB’s recently released its 2023 Priced-Out Estimates, show that 96.5 million households are not able to afford a median priced new home, and that an additional 140,436 households would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how many households have.

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Housing Wire

APRIL 6, 2023

Mortgage rates fell again this week, but the primary cause was not the banking crisis fiasco. It was the expectation that the U.S. economy is slowing down. According to Freddie Mac ’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage declined to 6.28% as of April 4, down from 6.32% the previous week. The survey focuses on conventional and conforming loans for borrowers who put 20% down and have excellent credit.

Mortgage 487

Mortgage Investors Buyers Inventory 487

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.

Real Estate

Real Estate News

APRIL 4, 2023

After more than 5 years of litigation, the company agreed to a settlement with shareholders over its co-marketing program, which remains active.

Marketing 252

Marketing 252

Inman

APRIL 7, 2023

Enes Yilmazer is a content creator and real estate influencer who rose to fame through his real estate channel on YouTube. After posting his first real estate video in 2019, he quickly realized the platform's potential and prioritized it.

Real Estate 168

Real Estate Agents Marketing 168

Eyes on Housing

APRIL 4, 2023

The count of open, unfilled jobs for the overall economy declined again in February, falling to 9.9 million, after an 11.2 million reading in December, which was the highest level since July, and 10.6 million in January. The count of total job openings should fall in 2023 as the labor market softens and the unemployment rises.

Construction 152

Construction Marketing 152

Housing Wire

APRIL 7, 2023

Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. I have tried to explain that the 1970s inflation isn’t a reality , and Friday’s report should ease the fear that wage growth is spiraling out of control.

Housing Market 470

Housing Market Marketing Mortgage Retail 470

Real Estate News

APRIL 5, 2023

Zillow's latest analysis of listing descriptions found that certain keywords were correlated with higher sale prices and faster sales.

Sellers 242

Sellers 242

Inman

APRIL 5, 2023

From 2019 to 2023, the number of agents who left a brokerage due to a weak culture doubled to 30 percent, according to a recent Coldwell Banker survey.

Brokerage 167

Brokerage Agents Technology 167

The Robert Weiler Company

APRIL 5, 2023

Warehouse space in Columbus, Ohio and throughout the United States is disappearing as it’s becoming scarcer and pricier. However, thanks to the continuing popularity of e-commerce and online sales, the demand for warehouse space for rent is rising. This is particularly the case in the major population centers. The pandemic created a spike in e-commerce sales and the need for data centers, transforming the industrial real estate market both nationally and locally, in Columbus, Ohio.

Landlords 144

Landlords Tenants Logistics Real Estate 144

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., put more pressure on home prices. According to the Black Knight’s mortgage monitor report, home prices rose 0.16% nationally in February compared to the month prior, marking the first monthly increase after seven months of declines.

Inventory 414

Inventory New Listings Housing Market Mortgage 414

Real Estate News

APRIL 7, 2023

There’s money out there for people who need help getting into their first home — especially if they’re part of an underserved community.

Buyers 240

Buyers 240

Inman

APRIL 3, 2023

As a luxury agent, how can you deliver the personalized service that ensures your clients will never want to work with anyone else? Here are my thoughts.

Agents 167

Agents Clients 167

Eyes on Housing

APRIL 4, 2023

According to the latest 2021 ACS, close to 11 million people, including self-employed workers, worked in construction in 2021. NAHB Economics estimates that out of this total, 4.5 million people worked in residential construction, accounting for 2.9% of the US employed civilian labor force. Home building in multiple states in the Mountain Division, as well as in Vermont, Florida, and.

Construction 132

Construction 132

Housing Wire

APRIL 4, 2023

Artificial intelligence (AI) and machine learning (ML) present incredible opportunities to expand homeownership and housing in the U.S. But for potential homebuyers to benefit from new technology, the industry must figure out a way to keep bias out of decision-making models, experts said Monday. “The biggest opportunity in my mind in the near to medium term remains [finding] ways to take unstructured data and leveraging that and turning it into machine readable machine information,” said Steve H

Technology 414

Technology Finance Training Valuation 414

Real Estate News

APRIL 6, 2023

When you're building your business through networking, think beyond referrals. Make yourself indispensable by becoming a "resource directory" for clients.

Agents 237

Agents Clients Business 237

Inman

APRIL 6, 2023

The acquisition of Launch Real Estate expands Compass' footprint at a pivotal time for the company and the industry.

Brokerage 158

Brokerage Agents Real Estate 158

Appraiserblogs

APRIL 6, 2023

In response to the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae to expand its appraisal waiver program, the American Society of Appraisers (ASA) has released an op-ed by ASA’s Strategic Partnership Officer, John D. Russell, JD, criticizing this move. ASA believes that by expanding the appraisal waiver program and relying on data and models for mortgage lending instead of human interaction, Fannie Mae is leaving behind two very important aspects: safety and soundness as we

Appraisal 128

Appraisal Property Appraisal Lending Finance 128

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. But that did not happen, as the affordability issues that remain on the horizon challenged mainly first-time homebuyers. Overall, mortgage applications declined 4.1% last week on a seasonally adjusted basis, down from one week earlier, according to the Mortgage Bankers Association (MBA).

Government 409

Government Mortgage Housing Market Retail 409

Real Estate News

APRIL 7, 2023

New England's NEREN, with coverage in seven states, is now PrimeMLS.

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Inman

APRIL 7, 2023

New listings plunged 21.8 percent from a year ago, marking one of the most significant annual drops since the beginning of the pandemic, according to a new analysis of housing inventory by Redfin.

New Listings 157

New Listings Inventory Brokerage Agents 157

Valuation Review

APRIL 5, 2023

LodeStar Software Solutions, Nationwide Appraisal Network partner.

Appraisal 110

Appraisal 110

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. Through Rocket’s new “BUY+” program, clients who obtain purchase financing from Rocket Mortgage and find a home with a Rocket Homes partner real estate agent, will receive a credit equal to 1.5% of their loan amount to put toward closing costs, helping defray upfront costs.

Agents 407

Agents Buyers Real Estate Agent Mortgage 407

Real Estate News

APRIL 3, 2023

Apart from an early-pandemic spike in moves, mobility has continued to decline for decades, particularly among young renters.

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Inman

APRIL 5, 2023

The Residential Real Estate Council removed Pam Ruggeroli from her position for reasons the trade group will not disclose, prompting an outpouring of support for the ousted president.

Real Estate 156

Real Estate Realtors 156

The Robert Weiler Company

APRIL 7, 2023

Over half a century ago, the United States inaugurated a special day, April 22, as Earth Day. As we commemorate the global phenomenon, The Robert Weiler Company is excited to announce that the green movement is alive and well in the commercial real estate industry. What began in 1970 as a localized, American movement, is now celebrated by 192 countries.

Real Estate 109

Real Estate Construction Investing Development 109