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 351

Sellers Housing Market Marketing Real Estate 351

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 465

Inventory Housing Market Marketing New Listings 465

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

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

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

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.

Real Estate 241

Real Estate 241

Eyes on Housing

FEBRUARY 9, 2023

Mirroring a steep rise in mortgage rates that began in the early part of 2022 and coupled with ongoing building material supply chain bottlenecks that increased construction costs, housing affordability posted three consecutive quarterly declines in 2022 and now stands at its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in.

Supply Chain 200

Supply Chain Construction Mortgage 200

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

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 239

Agents Brokerage Investing 239

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 396

Inventory Mortgage New Listings Home Value 396

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Real Estate

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.

Construction 196

Construction 196

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 162

Mortgage Marketing Tools Buyers 162

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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222

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 377

Mortgage Loan Officers Government Buyers 377

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 184

Renovations Construction Marketing 184

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

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 222

Brokerage 222

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.

Finance 373

Finance Valuation Construction Mortgage 373

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.

Loan Officers 177

Loan Officers Real Estate Lending Mortgage 177

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.

Mortgage 152

Mortgage Marketing 152

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 213

Real Estate Real Estate Agent Agents 213

Housing Wire

FEBRUARY 6, 2023

The Mortgage Bankers Association (MBA) urged the Federal Housing Finance Agency (FHFA) to remove the addition of a debt-to-income loan level pricing adjustment (LLPA) in Fannie Mae and Freddie Mac ‘s pricing framework. In January, the FHFA made a series of changes to LLPA fees with a revamped LLPA matrix that differentiates pricing by loan purpose, with grids for purchase loans, limited cash-out refi loans, cash-out refinance loans.

Realtors 368

Realtors Mortgage Finance Housing Market 368

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 155

Real Estate 155

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 151

Mortgage Real Estate 151

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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206

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 367

Lending Business Retail Client Relationships 367

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 150

Mortgage Marketing Lending Finance 150

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 Government 150

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 188

Housing Market Mortgage Marketing Sellers 188

Housing Wire

FEBRUARY 10, 2023

Nonbank mortgage lender and servicer Mr. Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., the company confirmed on Friday. The deal also includes the operations for affiliated company Rushmore Loan Management Services, LLC. “This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris

Investing 364

Investing Investors Insurance Government 364

Inman

FEBRUARY 9, 2023

This week, the spotlight shines on Ivan Chorney, a Miami broker specializing in luxury real estate developments.

Real Estate 148

Real Estate Development Brokerage 148

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.

Modernization 130

Modernization Appraisal Marketing 130

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 144

Mortgage 144