Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

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Appraisal Valuation Appraisal Process Technology 482

George Dell

MARCH 1, 2023

Ah, this is easy – pick comps! This was pretty easy, compared to the many other things I had to learn. It was a little harder than making adjustments though. For adjustments, I had an adjustment sheet. I foolishly asked how the numbers were arrived at. The answer was “It comes from many years of […] The post How Do You Pick Comps? Pt I appeared first on George Dell, SRA, MAI, ASA, CRE.

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Appraisal 370

Real Estate News

MARCH 2, 2023

Realtor.com's monthly market report shows six straight months of increasing inventory.

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Buyers Inventory Marketing 268

Sacramento Appraisal Blog

FEBRUARY 27, 2023

Did prices really go up in February? What’s happening in this market? Today I have a few things on my mind. Scroll by topic or digest slowly. I hope this helps – whether you’re local or not. UPCOMING (PUBLIC) SPEAKING GIGS: 3/06/23 Matt the Mortgage Guy YouTube Live 3pm PST 3/09/23 Matt Gouge Event (sign up here) […] The post Prices went up & worst volume ever first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Appraisal Marketing Mortgage 261

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. And it could be a while before they tick back down, economists say. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 on Wednesday. The most recent survey by Freddie Mac measured 30-year fixed-rate mortgages at 6.65% for the week ending Thursday, driven by the 10-year Treasury surpassing 4.0%.

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Mortgage Buyers Loan Officers Marketing 464

Real Estate News

FEBRUARY 27, 2023

At the National Association of Realtors, CEO Bob Goldberg champions the needs and interests of members that number 1.5 million.

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Realtors 261

Inman

FEBRUARY 28, 2023

New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That's up from about 11 percent in 2001.

Investors 194

Investors Real Estate 194

Housing Wire

MARCH 1, 2023

For more than a decade, the HW Tech100 program has identified and recognized the most innovative technology companies serving the mortgage and real estate industries. The 2023 Tech100 Real Estate winners are changing the home sales process forever – from home search to lead management solutions, and remote closing to transaction management software.

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Real Estate Property Management Investing Realty 447

Eyes on Housing

MARCH 1, 2023

Private residential construction spending declined 0.6% in January, as spending on single-family construction decreased 1.7%. It declined on the eighth month in a row amid elevated mortgage interest rates. Moreover, private residential construction is 3.9% lower compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has been declining since June 2022.

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Construction Mortgage 159

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

FEBRUARY 27, 2023

NAR's monthly report found that as mortgage rates declined in January, pending home sales moved upward.

Mortgage 260

Mortgage 260

Inman

FEBRUARY 27, 2023

Taking an analog approach is a powerful way to focus the mind, reconnect with the body and devote full attention to the details of a particular client or task. For many, it also fuels creativity and helps them process and retain more information.

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Clients Realty Real Estate Agents 183

Housing Wire

MARCH 3, 2023

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Put those disco pants back in the closet; this isn’t the 1970s, John, and the bond market has been saying this to anyone who would listen. Mortgage rates have trended up to over 7% while the 10-year yield has been around 4%, so everything is in the top-end range of my 2023 forecast.

Mortgage 434

Mortgage Supply Chain Construction Marketing 434

Eyes on Housing

FEBRUARY 27, 2023

Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that the multifamily market continues to have high demand with apartment completions reaching their highest level since the third quarter of 2021. The absorption rate of new condominiums reached 82.0%, the best rate since the third quarter of 2013.

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Marketing 154

Real Estate News

FEBRUARY 25, 2023

The popular AI tool can be a helpful starting point when writing content like listing descriptions or social posts. But it has its limitations.

Agents 255

Agents Tools 255

Inman

MARCH 3, 2023

To help you avoid mistakes that will hamper your growth and damage your online presence, social media expert Katie Lance lays out the most common marketing myths and why they’re wrong.

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Marketing 181

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Here is a quick rundown from last week: Purchase applications fell 18% week to week and hit levels not seen since 1995.

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Housing Market Marketing Inventory New Listings 432

GoForrmz

MARCH 1, 2023

The GoFormz team will be exhibiting at the New York Build Expo 2023! We couldn’t be more excited to be in attendance at the New York Build Expo at the Javits Center, on March 8 & 9, 2023. Do you have your tickets yet? New York Build Expo 2023 New York Build is attended by thousands of AEC & real estate professionals. The free to attend show features: 350+ incredible speakers across 12 tracks and AIA CES approved workshops, 300+ exhibitors, the USA's largest meeting of Women in Constructi

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Construction Project Management Business Real Estate 148

Real Estate News

FEBRUARY 28, 2023

The Case-Shiller and FHFA housing indices for December showed further cooling of home prices in all metros.

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254

Inman

MARCH 1, 2023

With billions saved — and lost — Opendoor is living by the creed "go big or go home." Yet even after a dreary Q4, the iBuyer persists, which may be the biggest takeaway, Mike DelPrete writes exclusively for Intel.

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Real Estate Technology Brokerage 177

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). After posting a 2.5% month-over-month increase in December , the Pending Home Sales Index rose 8.1% month over month in January to a reading of 82.5.

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Housing Market Realtors Contracts Buyers 428

Padove Appraisal Service

FEBRUARY 27, 2023

Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc., is solely on the consumer and can become overwhelming. This blog post offers a guide to help you through the process.

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Appraisal Real Estate Real Estate Agent Appraisal Process 145

Real Estate News

MARCH 3, 2023

Newly built homes continue to lose square footage. But agents see an upside for buyers seeking more affordable options.

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Agents Buyers 252

Inman

FEBRUARY 28, 2023

Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis's claims are "unsubstantiated, unwarranted, and disparaging.

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Brokerage Agents 167

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Rising rates caused refinances to dry up, production plummeted, and pink slips were issued to employees. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 billion in 2022, up from the previous year’s $2.2 billion, largely due to improvement in tech that helped pick up market share from compe

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Mortgage Investors Development Investing 410

Appraiserblogs

FEBRUARY 27, 2023

The phrase “take a look in the mirror” is a common idiom used to encourage self-reflection and introspection. It is a powerful statement that can evoke a range of emotions and reactions from individuals, from contemplation to defensiveness. At its core, the phrase is a call to examine oneself honestly and objectively. It asks us to step back from our assumptions, biases, and preconceptions and consider our behavior, choices, and beliefs in a critical light.

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Modernization Appraisal Law Valuation 124

Real Estate News

FEBRUARY 28, 2023

Mortgage provider Better unveiled Equity Unlocker, which allows Amazon employees to pledge company stock toward a home purchase.

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Finance Mortgage 237

Inman

FEBRUARY 27, 2023

The news follows Bonner's recent decision just days earlier to merge the roughly 40-person RE/MAX Capital Realty, of which she was formerly broker-owner, with RE/MAX Alliance Group.

Realty 167

Realty Brokerage Agents 167

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. However, even as existing home sales fell 17.8% year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% for the year as a whole, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday.

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Inventory Housing Market Contracts Realtors 394

Eyes on Housing

MARCH 2, 2023

In 2005, Congress established several energy-efficiency tax incentives related to housing that benefit new-home buyers and remodeling homeowners. These policies included the tax code section 25C credit for retrofitting/remodeling existing homes, and the 25D credit for the installation of power production property in new and existing homes. Taxpayers claim these residential energy credits using Form 5695.

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Buyers 117

Real Estate News

FEBRUARY 26, 2023

There's no quick-fix — your agent retention strategy should be as well-thought-out as your lead generation, training or sales programs.

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Agents Brokerage Business Training 233

Inman

FEBRUARY 27, 2023

Following lawsuits in Pennsylvania, Massachusetts, Florida and Ohio, the brokerage is redrafting 40-year contracts that offer homeowners cash in exchange for exclusive rights to list their home.

Realty 166

Realty Brokerage Contracts 166

Housing Wire

MARCH 2, 2023

Temperatures are rising, the sun is setting later, and the daffodils are starting to peek their green leaves out of the earth — spring is coming. And just like the bears who are starting to wake up from their long winter naps, homebuyers and sellers are coming out of hibernation… or at least they normally do. Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the

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Real Estate Agent Inventory Real Estate Agents 389