Sacramento Appraisal Blog

FEBRUARY 7, 2023

There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also. UPCOMING (PUBLIC) SPEAKING GIGS: 2/8/23 SAFE Credit Union “Snacks & Facts” (for RE) (register here) 3/06/23 […] The post Sellers have been sitting out of the housing market too first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Sellers 352

Sellers Housing Market Marketing Real Estate 352

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. First, here is a quick housing market rundown from last week : Purchase application data was negative 10% week to week — but still positive for the year Housing inventory decreased by 8,664 units, a more extensive inventory decline than we saw in the prior week The 10-year yield had a wild week, and mortgage rates d

Inventory 488

Inventory Housing Market Marketing New Listings 488

George Dell

FEBRUARY 8, 2023

Multiple regression works very well under some conditions. We ask: Are these conditions true in most real property valuations? This is actually a vast topic, so we can only reflect on some of the conditions or assumptions which are required for a multiple regression to be valid. Much (if not all) “advanced” appraiser education makes […] The post Ban Multiple Regression?

Valuation 370

Valuation Real Property Appraisal 370

Real Estate News

FEBRUARY 10, 2023

In football, a competitive drive and strong work ethic are key to success. No wonder players turn to careers in real estate, which requires similar traits.

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Real Estate 299

Cleveland Appraisal Blog

FEBRUARY 7, 2023

As a Home Measurement Specialist, this article is close to my heart! This week my regular guest blogger, Betty White from Moving Offices San Diego , offers some reasons why you should hire a professional to measure your home as well as to remodel it. I hope you find some helpful information in this article! There are many benefits to hiring an expert to measure your home, and there are two most obvious reasons for that.

Real Estate Agent 289

Real Estate Agent Property Taxes Real Estate Appraisal 289

Housing Wire

FEBRUARY 6, 2023

Michigan-based United Wholesale Mortgage (UWM) has named Andrew Hubacker as its chief financial officer, the company announced on Monday. Hubacker joined the mortgage lender in October 2020 as chief accounting officer. He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. Forrester served as UWM’s CFO for 10 years.

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Finance Valuation Construction Mortgage 435

Real Estate News

FEBRUARY 10, 2023

The latest movers: Joni Shore Group, Robyn + Rachel Group, The Barron Team, The Prince Team.

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Inman

FEBRUARY 7, 2023

While mortgage rates have eased and home prices have fallen in many markets, affordability "still has a stranglehold on much of the market," according to research released Monday by Black Knight.

Mortgage 173

Mortgage Marketing Tools Buyers 173

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. “Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,” Chuck Williams, president and CEO, said in a statement.

Lending 397

Lending Business Retail Client Relationships 397

Eyes on Housing

FEBRUARY 6, 2023

The median age of owner-occupied homes is 40 years, according to the latest data from the 2021 American Community Survey[1]. The U.S. owner-occupied housing stock is aging rapidly especially after the Great Recession, as the residential construction continues to fall behind in the number of new homes built. With a lack of sufficient supply of new construction, the aging housing.

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Construction 203

Real Estate News

FEBRUARY 9, 2023

NAR's quarterly home price report found that prices were up year-over-year in nearly 90% of major metros, though the pace of appreciation has slowed.

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Inman

FEBRUARY 7, 2023

Home price growth fell 0.4 percent between November and December, while year-over-year single-family price growth dropped to 6.9 percent, according to new data released Tuesday by CoreLogic.

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Mortgage Marketing 172

Housing Wire

FEBRUARY 9, 2023

Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. At the end of the fourth quarter, the index stood at its lowest level since the NAHB began tracking the data on a consistent basis in 2012. Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point f

Supply Chain 397

Supply Chain Housing Market Marketing Mortgage 397

Eyes on Housing

FEBRUARY 7, 2023

According to the latest data from the 2021 American Community Survey (ACS), the median age of owner-occupied homes was 40 years. The age of the housing stock is an important remodeling market indicator. Older houses are less energy-efficient than new construction and ultimately will require remodeling and renovation in the future. Moreover, as people use their homes for more purposes.

Renovations 187

Renovations Construction Marketing 187

Real Estate News

FEBRUARY 9, 2023

Christie's expands in California and Boston, E&V snags Bay Area leaders, The Agency opens in Portugal, Cupid loves Side, RE/MAX grows and more brokerage news.

Brokerage 264

Brokerage 264

Inman

FEBRUARY 7, 2023

The new Lisbon office follows The Agency's first foray into Europe — in The Netherlands — last spring. The office will be led by Managing Partner Ayres Neto, The Agency revealed to Inman.

Real Estate 167

Real Estate Brokerage 167

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. Publicly traded Guild is picking up Legacy’s 13 branches across four Southwest states – Arizona, Colorado, New Mexico and Texas. Terms of the deal were not disclosed. “This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” Guild CEO Mary Ann McGa

Retail 397

Retail Mortgage Loan Officers Technology 397

Eyes on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans. Additionally, credit standards tightened across all categories of mortgage loans.

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Loan Officers Real Estate Lending Mortgage 183

Real Estate News

FEBRUARY 9, 2023

Jason and Molly Mesnick, real estate agents and "The Bachelor" alums, offer their take on the deals and drama on some of the hottest real estate shows today.

Real Estate 264

Real Estate Real Estate Agent Agents 264

Inman

FEBRUARY 7, 2023

The Consumer Financial Protection Bureau warned on Tuesday that operators of mortgage comparison-shopping platforms may be violating RESPA if they manipulate search results to coerce kickbacks.

Mortgage 166

Mortgage Real Estate 166

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. The duality of the Fed has resulted in a mortgage rate lockdown: homeowners with low mortgage rates aren’t motivated to sell when home prices are high and mortgage rates remain in the 6% range.

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Eyes on Housing

FEBRUARY 8, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending February 3rd, total mortgage activity increased 7.4% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell one basis point to 6.18%. The FRM rate has fallen around 100 basis points since October of 2022.

Mortgage 179

Mortgage Marketing Lending Finance 179

Real Estate News

FEBRUARY 8, 2023

RE/MAX, KW and Compass are among the companies customizing and rolling out a new generation of CRMs for their agents and broker-owners.

Agents 264

Agents Brokerage Investing 264

Inman

FEBRUARY 7, 2023

Where are home prices falling? Let's map out the 253 cities that saw quarterly declines in the final three months of 2022. But there are indications that this isn't a repeat of the 2008 crash.

Home Value 163

Home Value Marketing 163

Housing Wire

FEBRUARY 7, 2023

Get ready for Housingwire Annual 2023. Join us on October 10-12, 2023 in Austin, Texas for the ‘All Things Housing’ event of the season. The whole team at HW is so excited to be hosting this event in our home state. During last year’s conference, we explored ‘All Things Housing’ in Scottsdale, Ariz. Attendees heard informative and exciting sessions by speakers like Ryan Serhant, Logan Mohtashami, Sandra Thompson and Bill Lyons.

Real Estate 397

Real Estate Development Appraisal Mortgage 397

Eyes on Housing

FEBRUARY 8, 2023

The balance of consumer credit outstanding grew 6.5% in the fourth quarter of 2022 (seasonal adjusted annual rate) after climbing 6.7% (SAAR) in the third quarter according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt—which consists primarily of credit card debt—increased at a 12.0% rate, as the level of nonrevolving debt (excluding real estate) grew 4.8% (SAAR).

Real Estate 174

Real Estate 174

Real Estate News

FEBRUARY 8, 2023

Zillow Chief Economist Skylar Olsen looks at the state of mortgage rates and ways agents can help buyers and sellers in this rebalancing cycle.

Housing Market 263

Housing Market Mortgage Marketing Sellers 263

Inman

FEBRUARY 7, 2023

Following the announcement of his untimely departure from SERHANT. after just one year, Tamir Shemesh has now joined Nest Seekers International, his fourth brokerage in the past six years.

Brokerage 160

Brokerage Real Estate Agents 160

Housing Wire

FEBRUARY 6, 2023

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering the market are leaning heavily toward buying down their first lien interest rates by paying points up front. In the third week of January, 57% of all borrowers who locked in rates paid at least a half-point, 44% paid at least a full point and nearly a quarter lowered their mortgage rates with buydowns of two points or more, according to Bl

Inventory 397

Inventory Mortgage New Listings Home Value 397

The Appraiser Coach

FEBRUARY 7, 2023

We often have experiences that teach us principles of life or business—or in this case, both. And the power of an analogy is such that it can apply to a.

Business 150

Business Advertising Inspection Real Estate Agent 150

Real Estate News

FEBRUARY 9, 2023

Volatility may be the norm for the near future, but mortgage interest rates remain down significantly from their November peak.

Mortgage 147

Mortgage 147

Inman

FEBRUARY 6, 2023

It’s no surprise that for today’s eco-conscious buyers, LEED-certified residences represent a prize like no other. However, for now, such homes are a rarity. Here’s a closer look at why that’s the case, and why it could be changing.

Buyers 158

Buyers Agents 158

Housing Wire

FEBRUARY 7, 2023

loanDepot founder and chairman Anthony Hsieh has decided to use his majority voting power to unilaterally nominate Steven Ozonian for election to the board of directors, exposing a dispute with other board members, the company disclosed in a regulatory filing on Tuesday. The decision on the new board member will be made in the company’s 2023 annual stockholders’ meeting, during which Hsieh intends to vote all of his shares in favor of Ozonian.

Real Estate 395

Real Estate Legal Contracts Mortgage 395

Appraiserblogs

FEBRUARY 9, 2023

I’ve previously written about how the various spear throwers at appraisers have used ‘census tract data’ in their assertions that appraisers are racially biased. It’s been done by Freddie Mac, by Andre Perry in his testimony before Congress, by Ph.D Elizabeth Korver-Glenn in her dissertation paper, not reviewed by anyone with appraisal experience, to obtain that lofty status, the media, and other so called ‘studies’ and ‘reports’ since.

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Modernization Appraisal Marketing 135