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

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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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 262

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.

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Mortgage Supply Chain Construction Marketing 476

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 204

Investors Real Estate 204

The Appraiser Coach

FEBRUARY 28, 2023

Principles are tremendously important tools we can use in our lives to affect change. A principle is an eternal truth. It can be applied across all circumstances, all times, all.

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Tools Appraisal Tips Inspection Advertising 195

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 476

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 195

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 279

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 183

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%.

Mortgage 468

Mortgage Buyers Loan Officers Marketing 468

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 183

Real Estate News

MARCH 2, 2023

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

Buyers 279

Buyers Inventory Marketing 279

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.

Marketing 174

Marketing 174

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 459

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

Real Estate News

MARCH 1, 2023

Building your SOI is critical to long-term success in real estate. Veteran agent Jay Thompson offers practical tips for growing and nurturing your sphere.

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Agents Real Estate 278

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

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 448

Inman

FEBRUARY 28, 2023

Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages.

Mortgage 173

Mortgage Tools Buyers Real Estate 173

Real Estate News

FEBRUARY 27, 2023

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

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Mortgage 279

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

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 435

Inman

MARCH 3, 2023

There are four stages in the listing process that offer unique opportunities to market both the listing and yourself, Jimmy Burgess writes. Here are 23 ways to turn your latest listing into multiple deals.

Marketing 172

Marketing Agents 172

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.

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Agents Tools 279

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 129

Housing Wire

FEBRUARY 27, 2023

Successful negotiation begins within. It may seem surprising, yet this is what we’ve found true in our experience at the junction between financial services and technology. The first step in securing the best outcome for yourself, your enterprise and the people you serve is to not talk yourself out of things. Yes, it might seem subtle, but it can be a challenge for most to see the limitations they impose on the conversations they conduct despite their negative impact on negotiating positive outc

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Modernization Finance Technology Mortgage 434

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.

Brokerage 167

Brokerage Agents 167

Real Estate News

MARCH 3, 2023

A recent panel discussion concluded that the industry, from lenders to agents, should take note: Millennials are a massive cohort with unique challenges.

Real Estate 270

Real Estate Marketing Agents 270

Appraiserblogs

MARCH 2, 2023

CoreLogic is pleased to announce a change to its data retention policy. I received this notice from CoreLogic: Effective April 1, 2023, CoreLogic’s maximum storage commitment for appraisal and title data will be limited to 5 years. NOTICE OF CHANGE TO CORELOGIC DATA RETENTION POLICY Dear Trusted Provider, In careful consideration of requests from our clients as well as industry risk management best practices, CoreLogic is pleased to announce a change to its data retention policy.

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Appraisal Real Estate Clients Investing 121

Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement. UDC will provide fast and accurate collection of data, pursuant to Freddie Mac and Fannie Mae data standards, when lenders receive “loan eligibility for agency loan programs that allow for an inspection-based

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Modernization Appraisal Real Estate Valuation 418

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.

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Realty Brokerage Agents 167

Real Estate News

MARCH 3, 2023

As the housing stock ages, agents should educate themselves about the features and occasional pitfalls of older homes.

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Agents 264