Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

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Appraisal Market Value Legal Property Appraisal 353

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. The 10-year yield finally broke below a critical technical level it had difficulty breaking for many months and we had a very small increase in inventory.

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Housing Market Marketing Mortgage Inventory 540

Real Estate News

APRIL 13, 2023

The outcome of the Moehrl suit could affect countless buyer agents. Might Zillow and other portals become an Uber-style marketplace for those agents?

Agents 338

Agents Buyers 338

Sacramento Appraisal Blog

APRIL 11, 2023

The housing market feels like a reality TV show. New sensational drama every week, juicy gossip, strong opinions, emotions, and big cliffhangers that might affect the future. Anyway, today I want to dig into Dream For All and some of the bigger themes right now (monthly recap stats at the bottom). Scroll by topic or […] The post Real estate dreams & getting ridiculous under $500K first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Housing Market Appraisal Marketing 217

George Dell

APRIL 12, 2023

Appraiser credibility continues to decay over time. Even during the great runup in prices, and now the spotty, often rapid rundown in prices – residential appraisers mostly turned a blind eye to the need for this critical “time adjustment.” Non-residential appraisers have yet to see the coming value shifts. Shamefully, a time adjustment, (or market […] The post No Time for Time Adjustment?

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Appraisal Marketing Valuation 195

Housing Wire

APRIL 12, 2023

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. The headline inflation data came in lower than anticipated. While we have made progress in cooling down the inflation data, which is running into tough year-over-year comps (and will for the rest of the year) don’t expect the Fed to pivot anytime soon.

Housing Market 468

Housing Market Marketing Mortgage 468

The Appraiser Coach

APRIL 11, 2023

When I was on my quest to learn what I call the “principles of prosperity,” there was one in particular that helped me progress by leaps and bounds when I.

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Inspection Advertising Business Real Estate Agent 195

Eyes on Housing

APRIL 14, 2023

Over the first two months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 112,131. On a year-over-year (YoY) basis, this is 34.3% below the February 2022 level of 170,716. Year-to-date ending in February, single-family permits declined in all four regions. The Northeast posted a decline of 23.6%, while the West region reported the steepest decline.

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Construction Marketing 190

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Realtors 459

Realtors Buyers Inventory Investors 459

Real Estate News

APRIL 13, 2023

The brokerage's real estate support division was the hardest hit in this third round of layoffs since June.

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Brokerage Real Estate 290

Inman

APRIL 10, 2023

As iconic brokerage Engel & Völkers embarks on an identity refresh, this marketing leader shares her insights on the process, and what others can learn.

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Brokerage Marketing Agents 183

Eyes on Housing

APRIL 13, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) climbed 0.3% in March 2023 (not seasonally adjusted). Since declining the last four months of 2022, the index has increased three consecutive months by a total of 1.6% but has been relatively stable over the past year.

Construction 187

Construction 187

Housing Wire

APRIL 14, 2023

Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert in the MSR sector, who asked not to be named, said the bidding for the offering appears to have closed in late February or early March. “They [Wells Fargo] may have other deals in the market too,” the expert added, “but I’m not as familiar with that since they have been very selective about who these deals ge

Mortgage 448

Mortgage Marketing Government Finance 448

Real Estate News

APRIL 9, 2023

Transforming underutilized office space to living space can create needed housing inventory, but it's not always easy. Some cities are trying to change that.

Inventory 290

Inventory 290

Inman

APRIL 13, 2023

Jerry Grantham, co-founder of the investment firm GMO, said this week he fears another bubble is about to burst, with the crisis that gripped the banking system in March just the beginning.

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Investors Investing Business Marketing 167

Eyes on Housing

APRIL 10, 2023

Average hourly earnings for residential building workers* continue to rise in February 2023 but at a slower pace. Wage growth has retreated below or close to 3%, from the highest rate of 2021. Labor market data indicate that business hiring is softening as the economy shows signs of weakening. According to the Bureau of Labor Statistics (BLS) report, average hourly.

Business 187

Business Marketing Construction 187

Housing Wire

APRIL 12, 2023

Top wholesale lender United Wholesale Mortgage (UWM) is yet again ramping up efforts to gain more market share at the cost of potential profits. On Wednesday, the Detroit-based lender announced that it is reviving the conventional 1% down loan option, which allows homebuyers to purchase a home with a 1% down payment. Known as the “Conventional 1% Down,” the product is essentially a 3% down mortgage in which UWM pays an additional 2% — up to $4,000 — on top of the borrower’s 1%

Mortgage 448

Mortgage Government Real Estate Agent Insurance 448

Real Estate News

APRIL 14, 2023

A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.

Marketing 279

Marketing Agents 279

Inman

APRIL 11, 2023

Upstate Curious includes 15 agents, operates across 11 counties and is known for its successful Instagram presence.

Agents 167

Agents Real Estate Brokerage 167

Eyes on Housing

APRIL 12, 2023

Consumer prices in March saw the smallest year-over-year gain since May 2021 with a ninth consecutive month of a deceleration. While the shelter index (housing inflation) experienced its smallest monthly gain since November 2022, it continued to be the largest contributor to the total increase, accounting for over 60% of the increase in all items less food and energy.

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Housing Wire

APRIL 10, 2023

HousingWire recently spoke with Dustin Gray, CEO of Milestones Labs , about the importance of the borrower relationship and how Milestones Labs helps mortgage providers build lasting relationships with their borrowers. HousingWire: How has the current market affected the way lenders approach customer relationships? Dustin Gray: You don’t have to be an economist to know it’s a challenging time to buy a home or get a loan.

Home Value 448

Home Value Technology Clients Advertising 448

Real Estate News

APRIL 13, 2023

A survey by Bright MLS found that investor properties accounted for more listings this spring, possibly due to fears of a looming recession.

Investors 279

Investors Inventory 279

Inman

APRIL 14, 2023

As AI generative applications like ChatGPT become integrated with operations and systems across real estate firms, these tools will help scale bespoke services to clients and prospects in a way that will empower brokers to offer value in an ongoing way versus just helping in the transaction.

Real Estate 166

Real Estate Tools Clients Technology 166

Eyes on Housing

APRIL 11, 2023

According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $4.78 trillion in February, a decrease of $12 billion over the month but $300 billion higher than February 2022. Nonevolving credit outstanding increased $1.0 billion while the level of revolving debt—primarily credit card debt—fell $13.0 billion over the month.

Lending 35

Lending 35

Housing Wire

APRIL 11, 2023

The Federal Trade Commission (FTC) has opened a new front in the fight against Intercontinental Exchange ‘s (ICE’s) planned acquisition of Black Knight. The agency petitioned a California federal court to issue a temporary restraining order (TRO) and preliminary injunction (PI) that prevents ICE from going forward with the deal to buy Black Knight.

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Valuation Tools Mortgage Technology 418

Real Estate News

APRIL 13, 2023

The 30-year fixed-rate mortgage dropped slightly to 6.27%. Rates in the 6% range may no longer be phasing buyers — particularly repeat buyers.

Mortgage 279

Mortgage Buyers 279

Inman

APRIL 10, 2023

Utilizing power practices and tools derived from the realms of positive psychology, neuroscience, and holistic wellness, you can lay the foundation for a successful career as well as a joyful and meaningful life.

Real Estate 167

Real Estate Tools Agents 167

Eyes on Housing

APRIL 13, 2023

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2023 posted a reading of 70, edging up 1 point from the fourth quarter of 2022. While remodelers are generally more optimistic than their single-family builder counterparts, some are noting negative effects within the market including continued material shortages and higher interest rates.

Marketing 174

Marketing 174

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. Roughly 30% of 155 respondents of the LenderPulse survey pointed to increased regulation, rising interest rates and inflation as the biggest challenge

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Marketing Mortgage Loan Officers Real Estate Agent 414

Real Estate News

APRIL 12, 2023

Real estate consultant Rob Hahn is introducing a marketplace auction website that allows homeowners to sell without paying commissions.

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Agents Real Estate 279

Inman

APRIL 14, 2023

Check out who is speaking this year at Inman Connect Las Vegas! Join us Aug. 8-10 for a power-packed line-up of distinguished speakers.

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Eyes on Housing

APRIL 12, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending April 7th, total mortgage activity increased 5.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell ten basis points to 6.30%. The FRM rate has fallen 41 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Mortgage 174

Mortgage Marketing Lending Finance 174

Housing Wire

APRIL 13, 2023

People are working from home. And, if they are in the office, it’s never everyone, everyday. So, you rarely get to see your manager and coworkers face to face. You’re a salesperson, but you no longer stop by your customer’s office because nobody is there. You may be in management, sales, customer service or anything else. Without the day-to-day conversation practice, it’s time to up your small talk game.

Business 397

Business Mortgage Agents 397

Real Estate News

APRIL 8, 2023

Even as falling interest rates have opened the door for more buyers, not enough sellers are listing, keeping inventory stubbornly low.

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Sellers Inventory Buyers 279