Sacramento Appraisal Blog

MAY 9, 2023

The housing market went from an ice bath to a bloodbath. That’s a good way to describe it as the contrast between the dull fall season and the spring has been striking. In today’s post I want to highlight national vs local stats, a dead cat bounce, and dive deeply into local trends. I hope […] The post The housing market went from an ice bath to a bloodbath first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 328

Housing Market Marketing Real Estate Appraisal 328

Housing Wire

MAY 10, 2023

Did you hear that sound? That’s the entire mortgage industry shouting, “hip, hip hooray!” The Federal Housing Finance Agency (FHFA) on Wednesday announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. The FHFA, which regulates Fannie Mae and Freddie Mac , had previously delayed implementation of the DTI LLPA from May 1, 2023 to August 1, 2023 following a chorus of upset fro

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Logistics Realtors Mortgage Government 539

Real Estate News

MAY 11, 2023

President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.

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Real Estate Marketing 292

The Appraiser Coach

MAY 9, 2023

Averages rule the universe. You may be more familiar with this statement as the law of averages. Let me give you an example as a.

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Law Inspection Advertising Business 195

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

Inman

MAY 8, 2023

It can be hard to know which type of photographer will show up at your property. Here are some best practices to ensure your listing (and your client) are set up for success.

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Real Estate Agents Clients 194

Real Estate News

MAY 11, 2023

The Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.

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Brokerage Technology Agents 261

Eyes on Housing

MAY 10, 2023

Consumer prices in April saw the smallest year-over-year gain since April 2021. This marked the tenth consecutive month of deceleration and the first time the rate has fallen below 5% in two years. While the shelter index (housing inflation) experienced its smallest monthly gain since January 2022, it continued to be the largest contributor to the total increase, accounting for.

Inventory 166

Inventory 166

Inman

MAY 10, 2023

Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area.

Buyers 186

Buyers Mortgage Agents Lending 186

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Hopefully, this is just a blip, which can occur from time to time with weekly data. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

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Inventory Housing Market Marketing New Listings 503

Advertiser: Trellis

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Real Estate

Real Estate News

MAY 11, 2023

The U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.

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Government Mortgage 259

Eyes on Housing

MAY 11, 2023

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.2% in April 2023 (not seasonally adjusted). The index has gained 0.5%, year-to-date, which is the smallest April YTD increase since it climbed 0.3% over the first four months of 2020. The PPI for goods inputs to residential construction, including.

Construction 158

Construction 158

Inman

MAY 11, 2023

The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4 percent to $156 next year.

Realtors 171

Realtors 171

Housing Wire

MAY 8, 2023

Mortgage lender and servicer NewRez on Monday launched a special purpose credit program through Freddie Mac that will provide $3,000 or more in closing cost assistance to qualifying first-time homebuyers. Freddie Mac’s BorrowSmart Access program will be available to NewRez borrowers through Caliber Home Loans ‘ national network of branches.

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Finance Government Lending Mortgage 434

Real Estate News

MAY 9, 2023

With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.

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Agents 234

George Dell

MAY 10, 2023

Personal change is difficult. I like my old comfy chair. A new chair must be broken in. Uncomfortable! But the new chair does stuff. New stuff. It has automatic, adjustable features. It has memory foam, a heating pad, and hot and cold cup holders. And a remote control with 27 buttons which can control room […] The post Resistance to Change?

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Appraisal 150

Inman

MAY 12, 2023

Moving Medicine Partners will launch as a national network of agents later this month with St. Louis relocation specialist Zoe Cangas leading the new initiative, Inman has learned exclusively.

Agents 167

Agents Brokerage 167

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. We decided to rent a bigger home. I was beyond done. It wasn’t meant to be. The awards for entrepreneurship did not extend to quickly buying a home. My wife found a home with motivated owners due to a divorce.

Mortgage 412

Mortgage Marketing Realtors Sellers 412

Real Estate News

MAY 6, 2023

In a panel discussion, former CEOs of some of the largest real estate companies talked about remote work, AI and more.

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Real Estate 226

GoForrmz

MAY 8, 2023

Digital forms for your small business In today’s tech space, small businesses are going digital, and it’s clear why. This mass digital transformation kicked off in 2020. Covid lockdowns had forced businesses and customers across the globe to go online. More small businesses than ever were going digital to survive. Mike Katz, executive Vice President of T-Mobile for Business wrote , “Before Covid-19, one small business in three had never made a digital sale.

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Business Legal Design Tenants 148

Inman

MAY 8, 2023

The sale-leaseback platform plans to launch a marketplace later this year designed to serve homesellers and buyers, both individuals and investors, EasyKnock revealed to Inman exclusively.

Design 167

Design Investors Buyers Tools 167

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners

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Inventory Renovations Supply Chain Buyers 401

Real Estate News

MAY 8, 2023

Agents need to be prepared for anything, from spills to smells, all while keeping their clients happy and hydrated.

Clients 225

Clients Agents 225

Eyes on Housing

MAY 9, 2023

According to the latest May 2022 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $54,540 and the top 25% make at least $77,030. In comparison, the U.S. median wage is $46,310, while the top quartile (top 25%) makes at.

Construction 147

Construction 147

Inman

MAY 9, 2023

The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025.

Training 166

Training Agents Realtors 166

Housing Wire

MAY 10, 2023

Dallas, Texas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. The transaction will ultimately result in the seller shutting down operations. Rumors that Mr. Cooper was interested in Ann Arbor, Michigan-based Home Point spread prior to the latter selling its wholesale origination business to The Loan Store on April 7 and were amplified after.

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Legal Sellers Inventory Mortgage 386

Real Estate News

MAY 8, 2023

If approved Thursday, NAR’s proposal would increase dues based on the inflation rate. This would increase 2024 dues to $156 (from $150).

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Eyes on Housing

MAY 10, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending May 5th, total mortgage activity increased 6.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell two basis points to 6.48%. The FRM rate has risen 18 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Mortgage 142

Mortgage Marketing Lending Finance 142

Inman

MAY 12, 2023

A more optimistic outlook of where mortgage rates are headed drives the largest increase in Fannie Mae's Home Purchase Sentiment Index in more than two years.

Mortgage 166

Mortgage Finance Marketing 166

Housing Wire

MAY 9, 2023

Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Much of the problem stems from the huge volume of low-rate loans originated in 2020 and 2021 at a time when the industry was continuously working to build capacity to deal with the explosive origination growth.

Mortgage 383

Mortgage Appraisal Sellers Marketing 383

Real Estate News

MAY 6, 2023

Corcoran expands in NJ; RE/MAX snags SoCal firm; Real opens in Manitoba; C21 grows in Green Bay; AZ indie joins KW; The Agency opens in Boise; eXp woos teams.

Brokerage 222

Brokerage 222

Eyes on Housing

MAY 12, 2023

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories. Demand for RRE and CRE loans weakened across all categories over the quarter.

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Lending Real Estate Loan Officers Construction 138

Inman

MAY 10, 2023

At NAR's midyear conference, Senior Counsel Chloe Hecht offered best practices to help navigate artificial intelligence without running afoul of copyright law or the Realtor Code of Ethics.

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Realtors Law Insurance Technology 166