Sacramento Appraisal Blog

NOVEMBER 8, 2022

Sellers have been saying goodbye to some of the equity they gained during the past couple of years. In Sacramento, we’ve actually lost 40% of the pandemic gains since May. Today I want to talk about price trends, and I hope this is helpful – whether you’re local or not. Skim quickly or digest slowly. […]. The post Saying goodbye to pandemic home price gains first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Wire

NOVEMBER 10, 2022

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle? Let’s take a look at today’s data.

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The Appraiser Coach

NOVEMBER 8, 2022

There have been many times that I’ve heard of, or experienced myself, when an appraisal is being done, and at some point during the walk-through the agent shows up with. Read More.

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George Dell

NOVEMBER 9, 2022

Fannie and Freddie property data will soon become public. Now What? Everyone seems to agree, or even shout! “Give us the data and we can do better!” Even appraisers. Problem. Appraisers have no real training in how to use data. You don’t need to worry about using data when you can just pick five comps. […]. The post More Data – Now What?

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Eyes on Housing

NOVEMBER 10, 2022

Rising mortgage rates, high inflation, ongoing building material supply chain disruptions, and elevated home prices contributed to housing affordability falling – yet again – to its lowest point since the Great Recession in the third quarter of 2022. According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), just 42.2% of new and existing homes sold between the beginning of July.

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Housing Wire

NOVEMBER 9, 2022

While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels.

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Appraiserblogs

NOVEMBER 11, 2022

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. I mean no disrespect to the modelers of the Automated Valuation Models (AVMs) or to Zillow for relying on their AVMs. As an appraiser since the 80s, I have yet to find a computer that can tell me if I want vanilla or chocolate ice cream. Does the buyer want more acres, or less grass to cut?

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Eyes on Housing

NOVEMBER 10, 2022

Consumer prices in October saw the smallest year-over-year gain since January 2022, and while still elevated, inflation experienced the first month below an 8% annual growth rate since February 2022. However, the shelter index continued to rise at an accelerated pace and the energy index increased after declining for three straight months. As inflation appears to have peaked and has.

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Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun. In fact, we may see a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%, Yun said.

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GoForrmz

NOVEMBER 11, 2022

Focus on people, not paperwork, with these digital HR forms Human resource professionals are expert multitaskers. From hiring and onboarding to benefits management, conflict resolution, and beyond, HR teams are tasked with a vast array of functions critical to their business. These activities often require heavy documentation, which, although necessary, results in obstacles to productivity, frequent human error, and an onslaught of record-keeping demands.

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Riverfront Appraisals

NOVEMBER 9, 2022

One of my favorite things to do is speak to Realtor offices about appraisals. And inevitably, no matter what topic I’m asked to speak on, our discussion turns to FHA appraisals. “What should I be on the lookout for?” “Do I need to make the repairs before listing the house?” “How is an FHA Appraisal […]. The post The Realtor’s Guide to Appraisals Part 11: What Every Realtor Needs to Know About FHA Appraisals appeared first on Riverfront Appraisals.

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Eyes on Housing

NOVEMBER 8, 2022

According to the Federal Reserve’s latest G.19 Consumer Credit report, consumer credit (ex-real estate) grew at a seasonal adjusted annual rate (SAAR) of 6.8% in the third quarter of 2022. Revolving debt increased at a 12.9% rate, more than double the pace of nonrevolving debt (+4.9%). Credit card interest rates reached 16.3%, the highest level since the inception of the.

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Housing Wire

NOVEMBER 9, 2022

Purchase application data is now below 2008 levels! But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

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GoForrmz

NOVEMBER 7, 2022

It takes more than a pizza party to prevent employee burnout. You’ve probably seen it happen before, by the time the holiday season arrives, retail employees are already feeling burned out, stresses are high, and some team members aren’t even able to fully enjoy their holiday season. That doesn’t have to be the case this year. As more about the causes of employee burnout are brought to light, there are better strategies to mitigate them and even reverse the effects.

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BiggerPockets

NOVEMBER 5, 2022

When investing in real estate through a 1031 exchange, many investors start with single-family, multifamily, or commercial properties. Each of these property types is a tried-and-true investment option with the […].

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Eyes on Housing

NOVEMBER 9, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 4th, total mortgage activity declined 0.1% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose eight basis points to 7.14%. The FRM rate has risen 33 basis points over the past month and has been above 7% for the past three weeks. The Market.

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Housing Wire

NOVEMBER 10, 2022

If we don’t learn from history, we are doomed to repeat it. From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. At the same time, the median, annual average of existing home sales was 5.63 million units. Therefore, there were more housing sales in 1996 than there will be this year. Mortgage rates today are not much higher than they were then.

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Birmingham Appraisal

NOVEMBER 8, 2022

What Information Is Included In A Real Estate Appraisal Report? This is a question I often get when someone is ordering an appraisal. I perform appraisals for multiple reasons, including estate planning , probate , divorce , PMI cancellation , pre-listing , and pre-purchase. Appraisals are not something most people order on an ongoing basis so they are not really familiar with everything that is included.

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Empire Appraisal Group

NOVEMBER 10, 2022

Why Appraisers Say ‘We Have Targets on Our Backs’ By: Melissa Dittmann Tracey. Source: Why Appraisers Say ‘We Have Targets on Our Backs’ (nar.realtor). How professionals are managing the biggest obstacles to the home valuation process. © ipopba – iStock/Getty Images Plus. From allegations of appraiser bias in the home valuation process to new controversial methods of conducting an appraisal, the profession is under intensifying scrutiny—and a new National Associatio

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Eyes on Housing

NOVEMBER 7, 2022

NAHB analysis of information published in Builder Magazine’s annual Local Leaders lists shows that large builders gained market share across all tiers on average from 2009 to 2021 in major housing markets; market concentration, as calculated with top four firms in a metropolitan statistical area (MSA), has also increased, but has leveled off over the last four years.

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Housing Wire

NOVEMBER 7, 2022

It’s yet another casualty in the non-QM space – California-based Athas Capital Group is winding down its operations and laying off more than 200 employees due to the challenges in the secondary market. Executives at the mortgage lender announced their decision in a letter sent on Wednesday to business partners and employees, which was reviewed by HousingWire.

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The Robert Weiler Company

NOVEMBER 9, 2022

Managing your Columbus, Ohio property search can seem like a daunting task. After all, there’s a lot to consider. But don’t worry! The Robert Weiler Company has gathered seven helpful tips, sure to assist you in conducting the best property search in Columbus, Ohio as possible. As a full-service commercial real estate and appraisal firm with 85 years of experience, we’re here to help you achieve your goals.

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Realvals

NOVEMBER 8, 2022

The charts below show a visual representation of the Sausalito, California, housing market. The numbers in these charts come straight from BAREIS MLS, so you have a real look into the real trends in the market. These five charts are updated monthly, each with an entire year of data. * Please bookmark this page if you want to keep up with the trends in the Sausalito, California, housing market. *.

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BiggerPockets

NOVEMBER 7, 2022

Throughout 2022, mortgage rates have more than doubled, sending affordability and demand in the housing market down sharply. With lower demand, lower prices often follow, which is why we’re in […].

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Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . “Buyers got a bit spoiled with the interest rates over the last five years and especially the last two, so the interest rate hikes have really spooked everyone,” said Meyer, a RE/MAX agent based in the Twin Cities metro

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Valcre

NOVEMBER 9, 2022

The COVID-19 pandemic changed a lot about the world, and now we are just beginning to see many of the more lasting effects.

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Lamacchia Realty

NOVEMBER 10, 2022

Kate Perrine has officially qualified for the 2022 Lamacchia Realty President’s Club by selling 33 homes this year! This is her second year in a row qualifying for the prestigious distinction, and she is also a member of the 2021 President’s Club ELITE. Kate is the winner of the 2021 Most Transactions award in the Chelsmford office and was also named a Top Producer in 2021.

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Houston Properties

NOVEMBER 10, 2022

Understand the Houston real estate market post Harvey and post Imelda, and compare Houston home prices after Harvey and Imelda for neighborhoods that flooded and did not flood.

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Housing Wire

NOVEMBER 9, 2022

The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Rising interest rates, sparked by Federal Reserve tightening policies, is the primary cause of the mortgage-finance industry’s pain right now.

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Valcre

NOVEMBER 9, 2022

The COVID-19 pandemic changed a lot about the world, and now we are just beginning to see many of the more lasting effects.

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Lamacchia Realty

NOVEMBER 9, 2022

We are so excited to share that Jason Pincomb has qualified for the 2022 Lamacchia Realty President’s Club by selling 33 homes this year, and that number will only continue to grow! Jason joined Lamacchia realty last year and quickly rose to the top. He qualified for President’s Club in 2021 , was named a Lamacchia Realty Top Producer , and was named an Emerald Level Top Producer through the REALTOR® Association of Central MA (RACM) for being in the top 3% of members.

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Mortgagebroker News

NOVEMBER 10, 2022

A significant share of borrowers have stopped making their payments, the lender said

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Housing Wire

NOVEMBER 10, 2022

Consumer prices continued to rise in October, but at a slower annual pace, suggesting that the Federal Reserve’s interest rate hikes are having an impact on consumer spending habits. The Consumer Price Index (CPI) rose by 7.7% in October compared to one year ago. That is the smallest 12-month increase since the year ending in January 2022, according to data released Thursday by the Bureau of Labor Statistics.

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Houston Properties

NOVEMBER 8, 2022

Want to sell your home faster for more money? Well, Your home should be a lot more to it than meets the eye. Don't just focus on the exteriors. Check the inside too!

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