Sacramento Appraisal Blog

APRIL 19, 2023

The housing market has really started to heat up lately, and today I want to talk about how I’m thinking about prices right now. I also have some thoughts about checking the “declining” box. Scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market Q&A 12-2pm 5/10/23 Empire Home Loans event TBA 5/18/23 SAFE […] The post Rising spring prices and appraisers checking the “declining” box first appeared on Sacramento Appraisal Blog | Real Est

Appraisal 185

Appraisal Housing Market Real Estate Marketing 185

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number.

Inventory 539

Inventory Housing Market Marketing New Listings 539

Real Estate News

APRIL 20, 2023

DR Horton, seen as a “heat check” for the housing industry, blew past analyst expectations with its Q2 profits and offered an encouraging take on spring.

312

312

Inman

APRIL 18, 2023

In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.

Technology 218

Technology 218

Cleveland Appraisal Blog

APRIL 19, 2023

Hello friends! I hope you’re doing well! Are you staging a home, or just looking to freshen up your place? This week I welcome back guest blogger Ashley Rodriguez, with bins4less , who wrote this article for me to share with you. She shares some things to think about regarding traditional wall art. I hope you enjoy this article! Decorating your living room with traditional wall art is a great way to infuse some personality and character into your home.

Decorating 195

Decorating Design Appraisal Agents 195

Housing Wire

APRIL 20, 2023

We only have 2.6 months’ worth of housing inventory in the U.S. after coming off the single biggest home-sales crash year in history. That is where we are today in America. As expected, existing home sales fell from February to March since the previous month’s report was intense. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 million.

Inventory 531

Inventory Housing Market Marketing New Listings 531

The Appraiser Coach

APRIL 18, 2023

Today I want to share a principle that I am very passionate about; this principle drives everything that I do! The principle is that people thrive when they love what.

Inspection 195

Inspection Advertising Business Real Estate Agent 195

Eyes on Housing

APRIL 21, 2023

In 2022, Florida had the highest population growth rate of any state at 1.9% and the second largest nominal growth in population at 416,754. Florida’s population was at 22,244,823 as of July 1st, 2022, the third largest state population in the U.S. The population of Florida has not experienced a decline since 1946. Because of continual high population growth, the.

Marketing 187

Marketing 187

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal is to destroy inflation by killing demand, that is only a temporary fix. Housing inflation post-2020 was one for the record books, not only because home prices accelerated in such a short time, but more importantly for the inflation data, rents took off, something that didn’t happen during the housing bubble years.

Mortgage 521

Mortgage Construction Supply Chain Housing Market 521

Real Estate News

APRIL 18, 2023

The industry’s leading iBuyer continues its struggle against housing industry headwinds, cutting about 560 employees, mostly in operations.

279

279

Inman

APRIL 21, 2023

Zonda, a technology company that leverages extensive data resources to deliver enterprise software to commercial homebuilders, has released a front-end system for finding new-construction homes. The website is called Livabl.

Construction 167

Construction Technology Marketing 167

Eyes on Housing

APRIL 19, 2023

Findings from a recent national poll* that reveal 30% of American adults typically work from home at least two days a week could offer clues to the long-term financial health and value of commercial office space in the United States. How this share evolves over time, whether it drops due to employers tightening work-from-home policies or it grows due to.

187

187

Housing Wire

APRIL 19, 2023

The National Association of Mortgage Brokers (NAMB), an association representing the interests of individual mortgage loan originators and small to midsize mortgage businesses, is welcoming the introduction of a bill that would end the sale of trigger leads. The bill, H.R. 2656, was introduced by Representative Richie Torres of New York on April 17, and would amend the Fair Credit Reporting Act to prohibit the creation and sale of trigger leads — which the association has been urging Congress to

Loan Officers 468

Loan Officers Clients Mortgage Business 468

Real Estate News

APRIL 15, 2023

High prices are nothing new in the Golden State, but an increasingly small fraction of residents can afford a home. Is a turnaround in sight?

279

279

Inman

APRIL 20, 2023

Inman assembled a list of technology companies for customizing a tech-stack, specific to those brokers who look for flexibility, best-of-breed options and quicker roll-out.

Brokerage 167

Brokerage Technology Development 167

Eyes on Housing

APRIL 18, 2023

Single-family production showed signs of a gradual upturn in March as stabilizing mortgage rates and limited existing inventory helped to offset stubbornly high construction costs, building labor shortages and tightening credit conditions. This is reflected in the slight uptick in builder sentiment in April. Overall housing starts in March decreased 0.8% to a seasonally adjusted annual rate of 1.

Construction 179

Construction Inventory Mortgage 179

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.

Logistics 448

Logistics Mortgage HOA Property Taxes 448

Real Estate News

APRIL 18, 2023

A recent NAR report found that while homeowners have generated significant wealth via appreciation, gains were uneven across income levels and ethnic groups.

275

275

Inman

APRIL 21, 2023

There are only a few generational technologies that come along with the potential to revolutionize the efficiencies in our businesses. ChatGPT is one of these.

Real Estate Agent 167

Real Estate Agent Real Estate Agents Technology 167

Eyes on Housing

APRIL 17, 2023

Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues. Builder confidence in the market for newly built single-family homes in April rose one point to 45, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.

Inventory 179

Inventory Housing Market Marketing 179

Housing Wire

APRIL 17, 2023

Think an old dog can’t learn new tricks? Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Title companies have embraced digitization, automation and artificial intelligence to better meet their customers’ needs, reduce costs and increase efficiency.

Insurance 448

Insurance Technology Real Estate Finance 448

Real Estate News

APRIL 20, 2023

Home sales fell only slightly between February and March, but the year-over-year picture illustrates a more significant drop.

264

264

Inman

APRIL 21, 2023

Millennials passed a significant milestone in 2022, with census data showing that 51.5 percent of millennials now own homes.

167

167

Eyes on Housing

APRIL 18, 2023

According to the latest Employment Situation of Veterans report released by the U.S. Bureau of Labor Statistics, the share of employed veterans working in the construction industry increased to 6.5% in 2022–the second consecutive annual increase. The share has climbed 0.6 percentage point since 2020 and is just one-tenth lower than the most recent peak reached in 2019.

Construction 174

Construction Business 174

Housing Wire

APRIL 17, 2023

As the COVID-19 national emergency draws to a close, the forbearance rate has decreased month over month, according to a report from the Mortgage Bankers Association (MBA) on Monday. While the MBA still expects a recession this year, credit quality is generally good, and borrowers facing financial hardship can access enhanced loss mitigation options, the trade group noted.

Mortgage 448

Mortgage Government Finance 448

Real Estate News

APRIL 19, 2023

As the market slowed down, some top teams left Compass for greener pastures, but the company continues to grow its agent count and woo new and former teams.

Agents 264

Agents Marketing 264

Inman

APRIL 17, 2023

Inman collated 13 proptechs that can help agents be better at the day-to-day, which only leads to a better business in the years to come.

Business 167

Business Agents Technology Real Estate 167

George Dell

APRIL 19, 2023

The three ways are: 1) pick using good judgment; 2) draw random sample; or, 3) use all relevant sales. Editor’s Note: This is part 2 of the series ‘Three Ways to Pick Comps‘ When I became an appraiser, good judgment ruled. Commercial data was not available, and the MLS comp book came out every three […] The post Three Ways to Pick Comps?

Appraisal 150

Appraisal 150

Housing Wire

APRIL 20, 2023

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. This week, the 30-year fixed rate rebounded due to recent data indicating a still-resilient economy, the potential continuity of the Federal Reserve ’s tightening monetary policy, and pressures in the secondary market. “For the first time in over a month, mortgage rates moved up due to shifting market expectations,” Sam Khater , Freddie Mac ’s chief economist, said in a statement.

Mortgage 435

Mortgage Housing Market Buyers Inventory 435

Real Estate News

APRIL 21, 2023

With an Instagram following of 50,000 and nearly 60 sales so far this year, the Upstate Curious team is taking over the Hudson Valley.

Agents 264

Agents 264

Inman

APRIL 21, 2023

Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process.

Valuation 166

Valuation Appraisal Technology Mortgage 166

Appraiserblogs

APRIL 19, 2023

The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. This program allows for the collection of data related to real estate appraisals by unlicensed third-party data collectors, which is in direct violation of article 38 of the state’s Real Estate Appraiser Licensing and Certification Act. The act specifically states that only a casual or drive-by inspection can be performed when it comes to consumer loans secured by real estate, and no opinion can be rend

Law 147

Law Inspection Real Estate Training 147

Housing Wire

APRIL 18, 2023

Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. Between 2012 and 2022, the nationwide median value of homes owned by low-income households (households earning no more than 80% of metro area’s median income) rose 75%, or $98,910.

Home Value 435

Home Value Bracketing Realtors Finance 435

Real Estate News

APRIL 17, 2023

At EXIT, work isn't just about a paycheck. It's about leaving a legacy. EXIT puts its people first, empowering them "to live their why.

Realty 264

Realty 264