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

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 543

Housing Market Marketing Mortgage Retail 543

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 290

Buyers 290

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Editor’s Note: This is Part 3 of Bruce Hahn’s series on Is the Definition of Market Value Outdated?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focused on item 4 in the current definition of market value which says: […] The post Is the Definition of Market Value Outdated?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

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

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

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 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday. Mortgage rates rose to 6.57%.

Inventory 505

Inventory Housing Market Marketing New Listings 505

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

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 174

Real Estate Agents Marketing 174

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 179

Construction Marketing 179

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 488

Mortgage Investors Buyers Inventory 488

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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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

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 166

Construction 166

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).

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Government Mortgage Housing Market Retail 435

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 279

Sellers 279

Inman

APRIL 7, 2023

The start of spring usually marks more brokerage transactions and ramped-up construction schedules. But payroll growth was weaker in March, according to Bureau of Labor Statistics data.

Real Estate 167

Real Estate Brokerage Construction Marketing 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 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 435

Technology Finance Training Valuation 435

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 279

Marketing 279

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

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

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Appraisal Property Appraisal Lending Finance 133

Housing Wire

APRIL 7, 2023

Signs of a slowdown in the labor market have emerged, sparking hope that the Federal Reserve may stop its ongoing tightening monetary policy, which has spurred increasing mortgage rates. But industry observers say it’s prudent to wait for inflation figures in order to bet that the Fed’s rate hikes are over. The slowdown in the labor market has been very gradual, according to them.

Marketing 418

Marketing Construction Housing Market Insurance 418

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 264

Agents Clients Business 264

Inman

APRIL 5, 2023

The 91-year-old hot dog stand — once thought to be doomed — will instead move across the street after its building was purchased by a developer Extell Development and founder Gary Barnett.

Development 166

Development Real Estate 166

Valuation Review

APRIL 5, 2023

LodeStar Software Solutions, Nationwide Appraisal Network partner.

Appraisal 110

Appraisal 110

Housing Wire

APRIL 7, 2023

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. The original post made note of the fact that in the next five years, more than $2.5 trillion in commercial real estate debt will mature, “… by far more than any 5-year period in history.” Musk went on to comment that the rise in defaults among commercial and residential loans could “hammer” banks.

Retail 418

Retail Real Estate Clients Modernization 418

Real Estate News

APRIL 6, 2023

Mortgage applications have slowed even though rates fell for the fourth straight week, with the 30-year fixed-rate mortgage hitting 6.28%.

Inventory 264

Inventory Mortgage 264

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 158

New Listings Inventory Brokerage Agents 158

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

Housing Wire

APRIL 7, 2023

The spring homebuying season is here, but a large majority of consumers are pessimistic about making the purchase, citing unfavorable mortgage rates and rate lock-in effects as the cause, according to Fannie Mae. The government-sponsored enterprise’s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, rose 3.3 points to 61.3 in March from February — but remains only slightly above the all-time low set late last year.

Buyers 418

Buyers Housing Market Finance Mortgage 418

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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