Appraisal Buzz

DECEMBER 9, 2024

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time. Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends.

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Appraisal Marketing Valuation Tools 358

Housing Wire

DECEMBER 7, 2024

Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. The economy continues to create jobs, with wages growing at an annual rate of 4%. We also see growth in our pending contract data compared to 2022 and 2023. Additionally, the purchase application data delivered another pleasant surprise with positive results.

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New Listings Inventory Contracts Housing Market 498

Sacramento Appraisal Blog

DECEMBER 10, 2024

Real estate prices are going to tank. We’ve been hearing that since 2020, and here we are without much change in most markets. Let’s talk about prices today, and I want to share some new visuals to talk about distressed sales. Scroll quickly by topic or digest slowly. UPCOMING SPEAKING GIGS: 12/18/24 Coldwell Banker Sierra […] The post The home price crash that hasnt come first appeared on Sacramento Appraisal Blog.

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Real Estate Appraisal Marketing Housing Market 314

Real Estate News

DECEMBER 13, 2024

After her New York Times story sparked controversy, Debra Kamin told Real Estate News that agents and the public deserve to know how NAR spends its money.

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Realtors Real Estate Agents 251

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

Appraisal Buzz

DECEMBER 11, 2024

According to Redfin , the median U.S. asking rent fell 0.7% year-over-year in November to $1,595, the lowest level since March 2022. Rents were down 1.1% on a month-over-month basis. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022. Highlighting improved rental affordability, November marked the 19th consecutive month where the median asking rent price per square foot (PPSF) fell year-over-year, down 2.2% to $1.79.

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Construction Appraisal Marketing 386

Inman

DECEMBER 11, 2024

In its response to an NAR appeal, the DOJ acknowledged that, although it had closed an investigation into two NAR policies in 2020, it didn't agree not to reopen it.

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Realtors Brokerage Agents 173

Real Estate News

DECEMBER 12, 2024

Rates have dropped for a third consecutive week, and buyers appear to be responding. But where rates go next is uncertain, and short-term volatility is likely.

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Mortgage Buyers 214

Appraisal Buzz

DECEMBER 9, 2024

The latest Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.4 points in November to 75.0, continuing its sharp upward trend over the past year, as consumers appear to be acclimating to higher mortgage rates in todays home price environment. In November, a new record-high share of consumers indicated that they expect mortgage rates to decline over the next 12 months, while fewer respondents said they expect home prices to rise.

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Housing Market Mortgage Construction Marketing 418

Housing Wire

DECEMBER 7, 2024

Rapid changes in mortgage rates have left many would-be homebuyers asking: Is now a good time to buy? Will prices go up or down? Will mortgage rates and affordability improve or get worse? There is no perfect time to buy, of course. But there are specific factors homebuyers should weigh as they determine their timing. Patricia Maguire-Feltch, managing director of consumer origination sales at Chase Home Lending, says that realistic evaluation is key when making the big step to buy.

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Buyers Mortgage Housing Market Marketing 418

Advertiser: Trellis

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.

Real Estate

Inman

DECEMBER 10, 2024

Ahead of a debate on the CCP at Inman Connect New York, the CEO of NextHome says whether sellers agree to hold their listing off of the MLS depends on the agent's influence.

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Sellers Agents Realtors Brokerage 166

Real Estate News

DECEMBER 13, 2024

Panelists at NARs economic summit expect a better year overall, but pointed to various wildcards that could tug the market in different directions.

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Marketing 202

Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. This years list highlights markets characterized by moderately affordable homes, strong inventorymainly boosted by new constructionand a sizable base of younger families, many with military and international connections. According to Realtor.com, the top 10 markets for 2025 are concentrated in the South and West: 1) Colorado Springs, Colorado 2) Miami-Fort Lauderdale-Pompano Bea

Housing Market 418

Housing Market Marketing Inventory Government 418

Housing Wire

DECEMBER 10, 2024

For Realty ONE Group , 2025 is poised to be a year of growth, but according to company chief operating officer and chief financial officer Mike Clear, that isnt anything out of the ordinary. We are a company that always tries to play offense, Clear said. We are always trying to grow and provide more for our agents and for all of our customers, whether that is on the brokerage side or the franchisee side, so we are always looking forward.

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Realty Brokerage Agents Business 366

Inman

DECEMBER 10, 2024

Beginning in 2025, local agents will have the option to join a new Realty One subsidiary and become members of MLS Choice, a new low-cost membership type provided by Phoenix Realtors, without having to be Realtor association members.

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Realty Agents Realtors Brokerage 170

Real Estate News

DECEMBER 12, 2024

The National Association of Realtors and Department of Justice reached a deal in 2020, and since then have fiercely debated whether the case can be reopened.

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Realtors 192

Appraisal Buzz

DECEMBER 10, 2024

This article originally appeared in the December 2024 edition of MortgagePoint magazine, online now. Few, if any, industries in the world have experienced such dynamic shifts in recent years as the mortgage industry. Within that rapid evolution, the landscape of credit and verifications has also experienced a fundamental shift. Mortgage lenders are no longer restricted to traditional and often time-consuming processes that have historically bogged down the loan journey.

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Technology Loan Officers Mortgage Training 399

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale.

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Housing Market Marketing New Listings Sellers 352

George Dell

DECEMBER 11, 2024

Time-series adjustments and market conditions are required by Fannie Mae and Freddie Mac. A recent FHFA research paper revealed that as few as 10% of appraisals had been even attempting a time adjustment, although in some markets, where the value was not high enough, the time adjustment came in handy to get closer to the […] The post Time-series or Garbage?

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Appraisal Marketing 195

Real Estate News

DECEMBER 13, 2024

Data and marketing pro David Childers shares content tips, 2025 predictions and the best way to answer real estate questions at holiday gatherings.

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Agents Real Estate Marketing 186

Appraisal Buzz

DECEMBER 11, 2024

Older homeowners have given their input on the state of the market and their desire to age in place. A significant majority of adults aged 50 and older (75%) want to age in their current homes, and 73% want to age in their communities, according to AARP s national 2024 Home and Community Preferences Survey. This is much higher than the percentage of younger adults aged 18 to 49 (an estimated 60% and 63%, respectively), but current housing policies and community infrastructure are not keeping up

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Property Taxes Tenants Technology Investing 362

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. The 2025 Red Paper from The Agency shows the luxury market making a sharp diversion from the broader existing home sales market, which could clock in near a historic low at fewer than 4 million sales. The number of homes sold at $1 million or higher rose by 5.2% in the first half of 2024, and the median luxury home price jumped by 14.2%.

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Housing Market Marketing Buyers Real Estate 344

Inman

DECEMBER 9, 2024

While only 23 percent of Americans surveyed by mortgage giant Fannie Mae in November thought it was a good time to buy a home, that's up from 14 percent a year ago, when mortgage rates were near post-pandemic peaks.

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Mortgage Agents Marketing 155

Real Estate News

DECEMBER 13, 2024

Longtime Texas Realtors Executive VP Mike Barnett will take over as CEO on April 1; Andrew Shock named VP of operations at Fathom; RESO announces 2025 board.

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Realtors 183

Appraisal Buzz

DECEMBER 11, 2024

This article originally appeared in the December 2024 edition of MortgagePoint magazine, online now. The property preservation industry stands at a crossroads, shaped by shifting market dynamics, regulatory changes, and the uncertainty of a recent Presidential election. As mortgage delinquencies remain relatively low but economic uncertainties grow, property preservation companies are facing increasing pressure to maintain efficiency, ensure compliance, and adapt to the evolving needs of service

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Inspection Technology Insurance Training 396

Housing Wire

DECEMBER 8, 2024

U.S. mortgage holders experienced a home equity increase in the third quarter of 2024 up 2.5% year over year to a total of $17.5 trillion nationwide. But that was down from 8% growth in the second quarter, and negative equity also ramped up for the first time in two years, according to a CoreLogic report. CoreLogic’s Q3 2024 Homeowner Equity Insights report showed that the total number of mortgaged homes with negative equity rose by 3.5% from the second quarter.

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Insurance Mortgage Buyers 333

Inman

DECEMBER 11, 2024

Titled Perfect Strangers, the latest commercial is part of Broward, Palm Beaches & St. Lucie Realtors' stated goal of creating a national movement to change how consumers think of real estate agents.

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Real Estate Agent Realtors Real Estate Agents 153

Eyes on Housing

DECEMBER 11, 2024

Inflation picked up to 2.7% in November, while matching expectations, the last mile to the Feds 2% target proves to be the most challenging. Shelter costs continued to be the main driver of inflation, contributing nearly 40% of the monthly increase. However, the year-over-year change in the shelter index remained below 5% for a third.

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Appraisal Buzz

DECEMBER 13, 2024

Last year, more than 24 million Americans movedthe lowest number in 25 years. While this decline reflects a broader trend of reduced mobility, the reasons behind those moves reveal important patterns about housing, jobs, and lifestyle priorities in a changing world. Key Findings A new or better home remains the top reason for relocation, driving 15% of all moves last year.

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Appraisal Marketing 393

Housing Wire

DECEMBER 11, 2024

Mortgage applications increased 5.4% on a seasonally adjusted basis during the week ending Dec. 6, stemming from a 27% jump in refinance activity, according to a report released Wednesday by the Mortgage Bankers Association (MBA). This is the latest weekly increase in mortgage applications, following a trend of steady demand increases over the past several weeks.

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Mortgage Contracts Government Inventory 338

Inman

DECEMBER 13, 2024

According to Cara Ameer, the National Association of Realtors owes its members an apology along with the option to opt out of membership.

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Realtors Finance Agents 152

Eyes on Housing

DECEMBER 13, 2024

NAHB estimates that $184 billion worth of goods were used in the construction of both new multifamily and single-family housing in 2023. Additionally, we estimate that $13 billon of those goods were imported from outside of the U.S. These figures lead to 7% of all goods used in new residential construction originating from a foreign.

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Construction 125

Appraisal Buzz

DECEMBER 11, 2024

Paying a million dollars for a home might seem like a dream for most Americans. Yet every year, more people are spending seven figures on a new house, with San Jose and San Francisco the meccas of high-cost living in the US. In their new report analyzing U.S. Census Bureau data, LendingTree discovered that the share of million-dollar homes is increasing, and that some parts of the nation are becoming magnets for these high-priced houses.

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Law Home Value Construction Development 414