Housing Wire
MAY 16, 2023
Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. In May, home builder confidence in the market for newly built single-family homes rose to an index value of 50, an increase of five points from the April reading.
Sacramento Appraisal Blog
MAY 17, 2023
Builders are having a moment. New home sales are glowing right now in the midst of depressed volume in the resale market. Today I want to share some stats for new construction, but let’s also talk about pivoting when the market changes. UPCOMING (PUBLIC) SPEAKING GIGS: 5/22/23 Yolo YPN event (only for YAR members) 5/25/23 TBD 6/1/23 […] The post Pivoting when the housing market changes first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Real Estate News
MAY 17, 2023
In an exclusive interview, CoStar CEO Andy Florance shared his ambitious road map for Homes.com’s growth and a critique of the site's competitors.
Eyes on Housing
MAY 16, 2023
Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges, including building material supply chain disruptions and tightening credit conditions for construction loans. Builder confidence in the market for newly built single-family homes in May rose five points to.
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Housing Wire
MAY 19, 2023
Add Rocket Mortgage to the list of companies selling mortgage servicing rights (MSR) in a difficult operating environment. The Detroit, Michigan-based lender sold about $20 billion in MSRs to JPMorgan Chase in April, following a decline in its servicing book in the first quarter of 2023. The company’s unpaid principal balance reached $524.8 billion as of March 31, compared to $535 billion at the end of December, according to Securities and Exchange Commission (SEC) filings. “In Apr
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
MAY 14, 2023
For some homebuyers, their "fur babies" come first. Agents who know how to best serve clients with pets can land more business, and maybe a few nose nuzzles.
The Appraiser Coach
MAY 16, 2023
I’ve never loved The Secret, as a book or a movie. Maybe I missed something, but the primary message I came away with after reading and watching it was that if I hope for something long enough, it will happen. That is probably a little bit of an over-simplification, but I still feel like they were a little too altruistic in their representation. What they were really missing was action.
Housing Wire
MAY 17, 2023
The best way to fight inflation and get lower mortgage rates is to get more apartment units finished, and so far, this has been slower than my tortoise Grundy. One of the most frustrating data lines since COVID-19 has been housing completion data. Of course, we all understood the delays during the pandemic, but those days are over. We need to ramp things up and so far, it hasn’t been spectacular.
Eyes on Housing
MAY 15, 2023
Over the first three months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 191,695. On a year-over-year (YoY) basis, this is 31.1% below the March 2022 level of 278,189. Year-to-date ending in March, single-family permits declined in all four regions. The Northeast posted a decline of 20.5%, while the West region reported the steepest decline.
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Real Estate News
MAY 13, 2023
The Move, Inc top exec reflects on three years in the job and shares his vision of a “pure” marketplace.
The Appraiser Coach
MAY 16, 2023
I’ve never loved The Secret, as a book or a movie. Maybe I missed something, but the primary message I came away with after reading.
Housing Wire
MAY 18, 2023
Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. Why is this so important to me? If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. I would say it’s savagely unhealthy to have that level and even though we’re not there yet, we are dangerously close.
Inman
MAY 18, 2023
Sisu, a proptech that combines sales cycle and workflow automation with performance tracking technology, said Client Portal 2.0 aims to refine how agent teams interact with critical vendors.
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Real Estate News
MAY 15, 2023
California homebuyers are experiencing the worst situation in the country when it comes to new home listings.
Eyes on Housing
MAY 17, 2023
A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor shortages and tightening credit conditions for construction loans. Overall housing starts in April increased 2.2% to a seasonally adjusted annual rate of 1.40 million units, according.
Housing Wire
MAY 14, 2023
The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows.
Inman
MAY 19, 2023
Sue "Pinky" Benson tells you how to tell the difference between legit Instagram followers and those who are boosting your count without adding value.
Real Estate News
MAY 19, 2023
Rent growth was up just 0.3% YoY in April and is falling below inflation and wage growth, which "suggests better times ahead for the U.S. economy.
Eyes on Housing
MAY 17, 2023
Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 14,000 single-family built-for-rent (SFBFR) starts during the first quarter of 2023. This is almost 7% lower than the first quarter of 2022.
Housing Wire
MAY 18, 2023
Despite a marked improvement from the fourth quarter of 2022, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks still lost a mountain of money in the first quarter. On average, IMBs reported a net loss of $1,972 on each loan originated from January to March, a 35% improvement from the reported loss of $2,812 per loan in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).
Inman
MAY 18, 2023
Watch the new Inman Access classes and learn the essentials for breaking into the luxury market and the importance of creating community.
Real Estate News
MAY 16, 2023
HomeServices of America CEO Gino Blefari knows what agents are facing — and what they’re capable of. His advice? Keep going. Winning is possible.
Eyes on Housing
MAY 18, 2023
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2023, single-family attached starts totaled 29,000, which is 19% lower than the first quarter of 2022. Nonetheless, over the last four quarters, townhouse construction starts totaled a strong 141,000 homes, which is only 3% lower than the prior.
Housing Wire
MAY 18, 2023
Existing home sales declined yet again in April, according to a report from the National Association of Realtors (NAR), released Thursday. After posting a surprise 14.5% monthly increase in February , existing home sales were back down again in March , a trend that continued into April, with existing home sales posting a 3.4% monthly decline to a seasonally adjusted annual rate of 4.28 million.
Inman
MAY 18, 2023
Check out the earnings-related news to see how your brokerage or favorite real estate-related investment fared in the first three months of 2023.
Real Estate News
MAY 15, 2023
Shady lenders and vendors make big promises that are often too good to be true. Learn how to vet them, and how to spot red flags.
Eyes on Housing
MAY 18, 2023
Existing home sales fell to three-month low in April as limited inventory and fluctuating mortgage rates continued to weight on homebuyers, according to the National Association of Realtors (NAR). With inflation continuing to ease and rent growth expected to slow, existing home sales will rebound, despite the recent declines.
Housing Wire
MAY 17, 2023
After falling 0.8% in March , housing starts were back up again in April, according to a report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). Home starts checked in at an estimated annual pace of 1.401 million in April, up 2.2% month over month. Despite this increase, housing starts were down 22.3% on a yearly basis.
Inman
MAY 16, 2023
Office-to-residential conversions are on the upswing as remote work destabilizes commercial real estate nationwide. "Everything is on the table," affordable housing advocate Janan New told Inman.
Real Estate News
MAY 17, 2023
A new study found that homes within 30 miles of expensive metros can offer significantly lower prices.
Boston Appraisal
MAY 17, 2023
The process of determining a property’s market value is called a real estate appraisal. The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction. The appraiser also needs to be aware of the zoning regulations, city ordinances, and other restrictions that can affect the value of the property.
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