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Be an optimist in life. Be full of hope. And let nothing shake you. But when it comes to housing stats, be realistic about the market that actually exists. Today, let’s talk about getting high on housing hope (and unpack fresh stats). UPCOMING (PUBLIC) SPEAKING GIGS: 1/18/23 WCR Market Update in Cameron Park (register here) […]. The post Getting high on housing hope first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth.
In November of 2022, 36 percent of single-family home builders reported reducing their prices, and 59 percent were offering special sales incentives. These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a.
I write a column for Elliman Magazine called "Market Update" that presents a chart and context around it. Its kind of like my nine-year column " Three Cents Worth " at the old Curbed but more grown-up and without the snark. The post Elliman Magazine Column "Market Update" - New Inventory Is Falling first appeared on Miller Samuel Real Estate Appraisers & Consultants.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Appraiser education is part of the “Big Stymie.” The five forces of friction: practices, standards, education, regulation, and client expectation – all interact to impede progress in appraisal. And of these, regulation and education create the long-term blockage. A blockage that will not be resolved until we have a political response to the reality.
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in the very beginning. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Ass
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in the very beginning. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Ass
Many of you know that I don’t do partnerships. I’ve had some negative experiences in the past, and I don’t like the idea of being a part of one again. Read More.
The Census Bureau’s latest Survey of Construction (SOC) shows modest changes in the share of number of bedrooms for new single-family homes in 2021 compared with the previous year. The current estimates indicate the share of new single-family homes with 2 bedrooms or less is 9.2%, 3 bedrooms, the largest share, had a share of 44.5%, 4 bedrooms make up.
Do you ever stare at your computer and say “there has to be an easier way to do this”? If your day is filled with repetitive data entry or processing tasks, let GoFormz give you back your workday! For everyone with form-based data capture, GoFormz Workflows can automate your daily tasks, such as emailing form copies, exporting and storing forms in your preferred Cloud storage platform, or even sending data directly to your CRM or ERP.
After the onset of the COVID-19 pandemic, the annual growth rate in most counties for single-family building jumped from mid-single digit annual growth rates to yearly growth rates in the teens to even high-30% range. However, that has changed in recent months. Single-family building in large metro outlying counties and exurban areas has waned in the last 12 months, according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2022. .
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
What purpose does “waiting” serve (a.k.a. known as “seat time”)? It was a rainy weekend, so I thought I’d take online classes to meet my continuing education requirements. I’ve always been a fast test taker, often trying to be the first person in the classroom to bring my answers to the proctor first. I’m one of those annoying people, but if I pass the test, should I be penalized for taking the test fast?
According to data from the Census Bureau’s Survey of Construction (SOC), custom homes accounted for 17.6 percent of new single-family homes started—down slightly from the 17.8 percent recorded in 2021 and the lowest the annual custom home share has been since the 2005 re-design of the SOC. The custom home market consists of contractor-built and owner-built houses—homes built one at.
Create and share eSignature documents in minutes Easily collect legally binding electronic signatures in your digital forms with eSign fields. With GoFormz, you can securely gather signatures anytime, anywhere – without the trouble of messy paperwork. In this blog, we’ll share what eSign fields are and how to use them in your digital forms. The Differences Between Signature Fields and eSign Fields It is very important to note the key difference between Signature fields and eSign fields: E-SIGN A
HW Media , publisher of HousingWire , RealTrends and Reverse Mortgage Daily , announced today that it has closed on the strategic acquisition of Altos Research , the premier resource for real-time real estate data, providing weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S. HW Media is focused on building a mission-critical resource that enables housing market professionals to make better decisions, stay informed and engaged, and grow their businesses.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
How Can Homeowners Save Money With Today’s High Inflation? Over the past 2.5 years, we have seen an unprecedented increase in home prices. This was brought on in part by the COVID pandemic and the subsequent lowering of interest rates. The lower interest rates and pent-up demand for home buying created a perfect storm for prices to skyrocket. The lower interest rates helped people get off the fence to buy a home but with a large number of buyers and a limited supply of homes prices had now
The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively, according to the latest Producer Price Index (PPI) report. The index has decreased five of six months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, fell 0.8% in November.
Over the years, we’ve collected some of the most frequently asked questions from Realtors, and here they are for you – with answers! If you have any additional questions, feel free to reach out to Ryan personally at ryanbays@riverfrontappraisals.com Who Needs to Be at Home During an Appraisal? The next time you schedule an […]. The post The Realtor’s Guide to Appraisals Part 12: FAQs appeared first on Riverfront Appraisals.
Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. This change will create a disruption from the cookie-cutter, non-personalized model, Brian Covey, former vice president of regional production at loanDepot , who took on an executive vice president position at a boutique lender Revolution Mortgage , said.
Interested in appraising green homes? If you want to become a specialist in this growing appraisal niche, an important step is to make sure you understand the prevalence of green homes in the global and local real estate markets. You can gain technical knowledge by researching and reading architectural, marketing, and building articles, as well as technical papers about green homes.
The most recent Home Building Geography Index (HBGI) shows that single-family home building slowed down its pace in the exurban areas, which experienced strong growth since the pandemic. Both high mortgage rates and supply-chain disruptions have put a damper on the housing market. The growth rate of single-family construction in large metro outlying counties went down to negative 4.4% in.
Collect an E-SIGN Act-compliant digital signature on your electronic document with the eSignature field today From lease agreements and quality assurance inspections to signing off on digital invoices , signatures are collected every day in every industry. Rather than relying on paper forms to capture signatures or utilizing a separate e-signature software from your digital form provider, GoFormz can capture all your critical information in one digital document.
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s TECH100 award are open now through Friday, December 23, 2022. Click here to nominate your organization. As the housing market continues to throw curveballs, easy access to reliable real estate data has become a linchpin for housing professionals as they attempt to navigate an ever-changing market.
2 of 3 Fla. Mortgage Holders Have 50%+ Equity. Source: 2 of 3 Fla. Mortgage Holders Have 50%+ Equity | Florida Realtors. By Kerry Smith. Most Fla. homeowners have significant equity. Many own their home outright, and of those with a mortgage, 62.8% owe lenders less than 50% of market value. ORLANDO, Fla. – While home price increases have slowed, they have not stopped.
While the major news headlines speak of an impending recession, commercial real estate investors continue looking for market stability and profitability. That’s why warehouse space for sale in the Columbus, Ohio region has never looked better! It’s easy to allow the naysayers to overshadow our optimism with the uncertainty of these challenging financial times; however, industrial real estate continues to be one of the hottest CRE sectors in the nation.
As year-end is approaching, we reflect on the past year and look ahead to the future. We’re grateful to work across several states and with so many great clients! In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started.
Lending standards loosened in November for the first time in nine months as mortgage rates remaining elevated and the housing market slowed further, the Mortgage Bankers Association (MBA) said on Thursday. The MCAI rose by 1.4% to 103.4 in November, according to the MBA. An increase in the MCAI – benchmarked to 100 – indicates that lending standards are loosening while a decrease in the index is indicative of tightening credit.
Don’t risk it – select a digital form solution capable of collecting legally binding eSignatures Many form solutions provide basic signature collection, but they may not be E-SIGN Act-compliant – in this blog we’ll break down why this matters to you and your business. Why use electronic signatures? Electronic signatures keep your team nimble – they can be collected instantly, referenced in real-time, and used to reduce time-wasting administrative tasks.
If you talk about how to avoid taxes, most people will think you’re doing something fishy in the eyes of the IRS. Very few know you can use the tax […].
In addition to being committed to the profession of appraising commercial real estate, our team is comprised of human beings seeking to continually improve across all facets of life. Whether its showing up as the best parent, partner or friend or striving to raise our standards of health and productivity, a steady commitment to constant and never ending improvement is the key!
Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. Now that the market is less frenzied, turn times are improving. Depending on the region, people are able to get appraisals done in under 10 days for the most part, according to Reggora CEO Brian Zitin.
Is your business using electronic signatures correctly? It’s no secret: Commerce has gone digital. Whether you’re shopping online at a niche boutique, or swiping a credit card for the plumber fixing your kitchen sink, digital commerce is everywhere. And with it, we’ve entered a realm of digital identities, too. You’re no longer defined by your face matching your photo ID, you have an entire digital presence, including a digital signature.
A recent report from Zillow highlights the U.S. affordability crisis creatively. Rather than just focusing on the rapid price growth in rents across the country over the past couple of years, the […].
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