Appraiserblogs
MARCH 9, 2023
No appraisal may be required in the future! Fannie Mae took a direct shot at appraisers with the announcement of changes in their Selling Guide. Two options for the future, both of which do great harm to the appraisal industry. First, “third party” inspections. Appraisal trainees aren’t good enough, so now we will have unlicensed inspectors going through the homes of unsuspecting homeowners.
Housing Wire
MARCH 6, 2023
The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Here is a quick rundown of the last week: Purchase application data was down 6% weekly. Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week.
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Real Estate News
MARCH 7, 2023
Many agents brand themselves as experts. If you've done the work to earn that title, how do you stand out and get noticed?
Sacramento Appraisal Blog
MARCH 9, 2023
It’s a bump. Do you feel it? The housing market has been waking up in 2023, and we’re starting to see an uptick in lots of different stats. Let’s talk about it. This post is designed to skim quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 3/10/23 PCAR Market Update Lunch & Learn 3/24/23 How to Think Like […] The post A spring bump in the housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Eyes on Housing
MARCH 6, 2023
Residential remodeling companies, just like any other private enterprise in a capitalist economy, exist to satisfy the demand of consumers for specific products or services in exchange for a rate of profit commensurate with the risk taken. Companies control when they enter or exit the industry, but their financial performance is intrinsically linked to external factors, such as the number.
Housing Wire
MARCH 8, 2023
It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. While many are hoping new build inventory can at least slightly ameliorate this situation, an analysis from Realtor.com , published on Wednesday, says otherwise.
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George Dell
MARCH 8, 2023
Bias against minorities has been “proven” against property value message measurers – at least once. It has also been “proven” that the undervaluation is as much as $500, on average. Something must be done! Let’s blame the appraisers! They keep on “determining” values too low! Does the flurry of blame-placing help resolve the problem? But […] The post Can Appraisers Protect Minorities?
The Appraiser Coach
MARCH 7, 2023
No matter what you call it – pay yourself first, save, setting money aside for a rainy day – making sure you take the.
Housing Wire
MARCH 6, 2023
Illinois-based mortgage lender Celebrity Home Loans and its parent company Celebrity Financial, Inc. are the target of a class-action-seeking lawsuit. A former employee is suing the companies, alleging they “abruptly terminated hundreds of its employees” without giving legally required 60-day advance notice as required by the Worker Adjustment and Retraining Notification Act ( WARN Act ).
Real Estate News
MARCH 10, 2023
For most of its 50 years, Corcoran was a regional player. But in 2020, its affiliate network took off, and “it’s just the beginning of the story.
Eyes on Housing
MARCH 7, 2023
While nationwide single-family housing starts have slowed in the past year, the largest drop on a percentage basis is occurring in the densest counties, due to high housing costs. Meanwhile, multifamily growth was robust throughout much of the nation at the end of 2022, with the notable exception in high-density markets, according to the latest findings from the National Association.
Inman
MARCH 9, 2023
In this shifting market, agents will have to do more to achieve the same results they were getting before, writes Adam Hergenrother. Here, he breaks down Gary Keller’s formula for doing more and how you can take action to do more and achieve more this year.
Housing Wire
MARCH 10, 2023
According to Webster’s new revised dictionary, the first definition of service is, “The occupation of a servant.” Have you ever considered that what we do each day in reaction to a customer’s requests will not be what drives them to come back? I have asked title executives, closers and sales professionals from title companies across America what their product is.
Real Estate News
MARCH 10, 2023
The luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.
Eyes on Housing
MARCH 9, 2023
The NAHB recently published its latest Cost of Construction Survey. Results show that 60.8% of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% posted in 2019. Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of the home (2013: 61.
Inman
MARCH 9, 2023
Focus on creating high-quality pieces that resonate with your target audience and meet their evolving needs. With the right approach, you can stay ahead of the curve in the age of AI-powered search engines.
Housing Wire
MARCH 8, 2023
As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. In Q4 2022, the year over year growth rate for single family construction fell across all geographic areas, according to the National Association of Home Builder’s (NAHB) Home Builder’s Geography Index published Tuesday.
Real Estate News
MARCH 9, 2023
Relocation picked up in 2022, with buyers seeking out more affordable homes in Florida, Texas and California.
Eyes on Housing
MARCH 8, 2023
Per the Mortgage Bankers Association’s (MBA) survey through the week ending March 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 6.79%. The FRM rate has risen 61 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.
Inman
MARCH 6, 2023
The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power.
Housing Wire
MARCH 6, 2023
Guaranty Home Mortgage Corporation (GHMC) on Monday announced its expansion with three new licensed retail branches in Tennessee. The new branches are located in Brentwood, Lebanon and Chattanooga. GHMC originates and purchases loans through multiple channels. The expansion is part of the company’s strategy to grow its presence and focus on residential mortgage lending.
Real Estate News
MARCH 6, 2023
After maxing out in June, the percentage of million-dollar homes fell and is nearly flat year-over-year. In pricey markets, the declines were more pronounced.
Eyes on Housing
MARCH 10, 2023
The most recent release of the Z.1 Financial Accounts of the United States shows a decrease in the value of households’ real estate assets over the fourth quarter of 2022. As home prices begin to decrease from pandemic highs, households’ real estate asset value fell for the first time since the first quarter of 2012. The level of households’ real.
Inman
MARCH 7, 2023
Inman's inaugural Influencer ran from real estate as a kid because it was all her family talked about. But with four TV shows, a podcast and a team under her belt, she lives and breathes it in 2023.
Housing Wire
MARCH 6, 2023
Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. Home prices fell in January, pulling back by 0.24% from December to mark the smallest monthly decline in seven months, according to Black Knight ‘s mortgage monitor report. The annual home price growth rate fell to 3.43% in January, more than a full percentage point below the 30-year average.
Real Estate News
MARCH 10, 2023
Listing Media Services in 6 new markets, MoxiWorks partners with Milestones, Revive partners with NextHome, CubiCasa adds MLS partners, Mosaik launches.
Appraiserblogs
MARCH 7, 2023
It’s unfortunate that this case was SETTLED in the way it was, because in reality, nothing about racial discrimination and disparate treatment was actually proven at a full trial… The first case that’s been adjudicated claiming appraiser discrimination has been SETTLED by the defendant appraiser and the plaintiffs, with the judge “dismissing all claims with prejudice”, meaning it cannot be re-opened by the plaintiffs, but it can be appealed to a higher court by the defendant.
Inman
MARCH 6, 2023
Bedrooms that promise great comfort and sanctuary can generate a visceral response. Well-designed bedrooms can inspire a heartfelt reaction that buyers won’t be able to ignore.
Housing Wire
MARCH 6, 2023
Home Point Capital , the parent company of wholesale lender Homepoint , is seeking a successor to take over Mark Elbaum’s chief financial officer position. On February 24, Elbaum submitted his resignation as CFO, according to a March 1 8-K filing from the company. Elbaum’s resignation will be effective April 3 and he will continue to serve as CFO until that date to assist with Home Point Capital’s 10-K filing for 2022, the filing said.
Real Estate News
MARCH 9, 2023
Bridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.
Appraiserblogs
MARCH 8, 2023
Appraisers, something – comparing and contrasting – dawned on me last week, after reading another news release titled “Dean Kelker: Appraisal Modernization is Starting to Gain Momentum“, which is basically pushing an “Enterprise” singular ‘agenda’ of valuation speed regardless of accuracy. Under the banner of “modernization.” VA does not demand appraisers complete assigned appraisal assignments extraordinarily quickly.
Inman
MARCH 6, 2023
The firm, previously known as Immobiliare Magri, will officially launch as Corcoran Magri Properties sometime in the next several weeks led by Maddalena Magri, the brokerage exclusively told Inman.
Housing Wire
MARCH 10, 2023
What a week this has been for the housing market , from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line on the 10-year yield. Then Friday we got solid jobs and labor force growth data and the surprising failure of Silicon Valley Bank. Let’s look at each of these, one at a time. Fed Chair talk First, Federal Reserve Chairman Jerome Powell did not have his best week as he looked unsure of himself, like most Fed members have recently
Real Estate News
MARCH 9, 2023
Freddie Mac’s weekly survey reported yet another jump in the average 30-year mortgage rate, which is approaching its 2022 peak.
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