Sacramento Appraisal Blog

MARCH 21, 2023

The housing market is a mixed bag. It’s not always easy to understand what the market is doing right now. Today I have some thoughts about prices, Zestimates, and cash buyers. Scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 3/24/23 How to Think Like an Appraiser (at SAR) 3/28/23 Downtown Regional MLS meeting 4/1/23 NAA […] The post The housing market is a mixed bag first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 293

Housing Market Marketing Real Estate Appraisal 293

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 million active listings, and these active listings would be direct competition for the builders. New homes are traditionally more expensive than existing homes, which don’t have all the bells and whistles.

Inventory 545

Inventory Housing Market Construction Marketing 545

Real Estate News

MARCH 23, 2023

A new report found that most portals lost traffic and market share over the past year, but a few companies improved or firmed up their positions.

Marketing 306

Marketing 306

George Dell

MARCH 22, 2023

Everyone knows value. Of course! It’s easy! Value is what I can sell something for. Well, sorta. No, wait – value is what I am willing to pay for something. Editor’s Note: This is Part 2 of Market Value or Other Value. I have an apple. You want one. I threaten to take a bite […] The post Devalue Market Value? Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.

Market Value 195

Market Value Marketing Appraisal 195

Eyes on Housing

MARCH 21, 2023

A brief drop in mortgage rates and a pullback in home prices boosted existing home sales in February, according to the National Association of Realtors (NAR). The 30-year mortgage rates averaged less than 6.3% in February per Freddie Mac and the median sales price in February posted the first decline since February 2012. The monthly increase in sales ended a.

Realtors 183

Realtors Mortgage Inventory 183

Housing Wire

MARCH 21, 2023

Existing home sales had a huge beat of estimates on Tuesday. This wasn’t shocking for people who follow how I track housing data. To understand why we had such a beat in sales, you only need to go back to Nov. 9, when mortgage rates started to fall from 7.37% to 5.99%. During November, December and January, purchase application data trended positive, meaning we had many weeks of better-looking data.

Mortgage 511

Mortgage Housing Market Inventory Law 511

Inman

MARCH 24, 2023

Never worry or wonder if you remembered to shut the garage door or lock the front door. With a system like Alarm.com, you can check in on a property remotely from anywhere in the world with an internet connection.

Design 182

Design Technology Agents 182

Eyes on Housing

MARCH 20, 2023

New NAHB 2023 Priced-Out Estimates show that 96.5 million households are not able to afford a median priced new home, and that additional 140,436 households would be priced out of the new home market if the price goes up by $1,000. This post presents details regarding how interest rates affect the number of households that could be priced out of.

Marketing 174

Marketing 174

Housing Wire

MARCH 24, 2023

ChatGPT , the AI chatbot, has taken the world by storm over the past few months. It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months. ChatGPT got to the first million users in five days. In two months after that, ChatGPT reached 100 million active monthly users. But first things first. What is artificial intelligence (AI)?

Loan Officers 497

Loan Officers Legal Development Marketing 497

Real Estate News

MARCH 20, 2023

Lane, previously brokerage president of Sotheby's Realty, steps into the role vacated by Ryan Gorman in December.

Realty 279

Realty Brokerage 279

Inman

MARCH 24, 2023

The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards. Terms of the contract were not disclosed.

Contracts 179

Contracts Brokerage Agents 179

Eyes on Housing

MARCH 22, 2023

The Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points but indicated that it was moving to a more data dependent mode as markets digest incoming risks for banks. The Fed is balancing two economic risks: ongoing elevated inflation and emerging risks to the banking system. Chair Powell noted that near-term uncertainty is high.

Marketing 173

Marketing 173

Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. To my surprise, the top results did not link to economists expounding on the intricacies of home price fluctuations, the leading theories on avoiding overvaluation or pictures of stunt riders jumping over a canyon filled with printed PDF docs. (OK, throw that last one out.

Appraisal 476

Appraisal Contracts Valuation Tools 476

Real Estate News

MARCH 20, 2023

Realtor membership went up a stunning 60% over the past decade, but declines are coming. It's time to talk about how to support the agents who stick around.

Agents 279

Agents Brokerage Realtors 279

Inman

MARCH 24, 2023

Getting featured in the press can be a game changer because, in addition to creating exposure, it also helps you become a recognized authority in your market. Marketing expert Jeremy Knauff provides a step-by-step strategy for connecting with members of the media.

Marketing 179

Marketing Agents 179

GoForrmz

MARCH 22, 2023

Everything you need to know about starting your transition to mobile forms Making the transition from paper-based documentation to digital data capture can feel daunting. Businesses often delay their search for a digital solution to paperwork due to the sheer number of perceived time and financial investments, including: Fear of disrupting workflows Difficult onboarding (including the costs of adopting a new system) Intimidating costs of solutions The need for IT or coding experience Although th

Valuation 148

Valuation Business Technology Investing 148

Housing Wire

MARCH 23, 2023

The Federal Housing Finance Agency (FHFA) announced proposed implementation timelines for the use of the FICO 10T and the VantageScore 4.0 credit score models by Fannie Mae and Freddie Mac. In concert, the government sponsored enterprises also plans to transition to two, rather than three, credit reports from the national consumer reporting agencies within a year.

Government 468

Government Finance Mortgage Marketing 468

Real Estate News

MARCH 24, 2023

New study finds condos cheaper than homes in most major cities, on par or more expensive in others.

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278

Inman

MARCH 24, 2023

The search behemoth far and away led market share for search portals, drawing 44 percent of all real estate web traffic, but CoStar's Homes.com leaped by bounds last month, according to an analysis.

Real Estate 174

Real Estate Marketing Technology 174

GoForrmz

MARCH 20, 2023

Introduce digital forms to your agriculture operational processes Digital forms are revolutionizing the way growers and ag professionals are doing business. These forms offer a practical and effective alternative to conventional paper-based forms. From collecting critical information in the field to monitoring administrative paperwork in the office, digital forms have made the agriculture industry more precise in their data capture and efficient in their operations.

Business 146

Business Training Technology Tools 146

Housing Wire

MARCH 24, 2023

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. While the top four companies stayed at the top, eXp Realty displaced HomeServices of America , who had a stronghold on the No. 1 spot in transaction sides

Brokerage 468

Brokerage Real Estate Realty Agents 468

Real Estate News

MARCH 18, 2023

Wes Foster, known for his integrity and "larger than life presence," said he was most proud of growing Long & Foster from humble beginnings into a major player.

279

279

Inman

MARCH 23, 2023

Dating to the late 1700s, the estate known as Kirkwood Farm features five historic farmhouses, two barns and a springhouse.

Realty 174

Realty 174

Appraiserblogs

MARCH 22, 2023

At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations. Sometimes when the hair on the back of your neck stands up, there’s a reason for it.

Valuation 116

Valuation Appraisal Mortgage Marketing 116

Housing Wire

MARCH 24, 2023

The Federal Housing Finance Agency (FHFA) released on Thursday its Fourth Quarter 2022 Foreclosure Prevention and Refinance Report, stating that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac completed 52,469 foreclosure prevention actions in Q4 2022. That figure increases the total number of GSE-assisted homeowners to 6,712,833 since the start of the conservatorship in September 2008, which placed control of Fannie and Freddie with the FHFA.

Mortgage 459

Mortgage Government Inventory Real Estate 459

Real Estate News

MARCH 18, 2023

An agent's job is rarely just 9-5, and it can be hard to carve out time for breaks when clients are counting on you. But it's possible — and important.

Clients 279

Clients Agents 279

Inman

MARCH 24, 2023

There are 12 brand archetypes based on common themes, personality traits and marketing niches. Not sure what your “type” could be? Take our quiz to find out.

Marketing 173

Marketing Brokerage Agents 173

Eyes on Housing

MARCH 23, 2023

Higher mortgage rates and home prices, as well as increased construction costs contributed to lackluster new home sales in February, but signs point to improvement later in the year. Sales of newly built, single-family homes in February increased 1.1% to a 640,000 seasonally adjusted annual rate from a downwardly revised reading in January, according to newly released data by the.

Construction 103

Construction Mortgage 103

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday. The bank crisis has also reduced the spread between conforming and jumbo loan rates.

Mortgage 459

Mortgage Government Investors Marketing 459

Real Estate News

MARCH 23, 2023

Rates dropped to 6.42% this week, down significantly from 6.73% just two weeks ago, which could give buyers a window to act.

Mortgage 277

Mortgage Buyers 277

Inman

MARCH 22, 2023

The unusually wide "spread" between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down.

Mortgage 174

Mortgage Marketing 174

Appraiserblogs

MARCH 23, 2023

Mandatory completion of an initial fair housing course lasting 7 hours by January 1st 2025, as well as 4 additional hours every renewal cycle thereafter. Recently, the Appraiser Qualifications Board (AQB) has proposed new requirements for those looking to become an appraiser or renew their certification/license. These include mandatory completion of an initial fair housing course lasting seven hours by January 1st 2025, as well as four additional hours every renewal cycle thereafter if this bec

Training 96

Training Property Appraisal Appraisal Real Property 96

Housing Wire

MARCH 23, 2023

The ongoing tumult in the banking industry brought to light by the recent failures of Silicon Valley Bank and Signature Bank — the second and third largest bank failures in U.S. history, respectively — also threatens liquidity channels for the independent mortgage banks (IMBs). Two banks that rank among the nation’s top warehouse lenders were recently singled out by Moody’s Investor Service for potential ratings downgrades due, in part, to their reliance on “confidence-sensitive uninsured deposi

Lending 448

Lending Investing Insurance Mortgage 448

Real Estate News

MARCH 24, 2023

Matt Lionetti channeled his desire to entertain into real estate videos, where he's gained millions of views — and million-dollar deals.

Real Estate 264

Real Estate 264