Housing Wire
APRIL 19, 2021
A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housing market crash. They may be wishing for it, or they may be fearing that it will happen — but they are thinking about it. I understand the concern. A home is your shelter.
Sacramento Appraisal Blog
APRIL 20, 2021
“Help. We can’t find an appraiser to come to the property. Everyone is saying NO. What do you suggest?” I’ve been getting this question multiple times every week, so here are some thoughts. Market update: By the way, in case you needed some background noise, here’s an hour-long market update I gave for SAFE Credit […].
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George Dell
APRIL 21, 2021
Could the very definition of market value hold bias? Let’s look. First, we need to figure out what types of bias there might be. There are two major categories: 1) analytical bias; and 2) human bias. And there may be some overlap! Analytical bias generally comes from two places: Error in data selection; Error in […]. The post Is Market Value Itself Biased?
The Appraiser Coach
APRIL 20, 2021
I recently met with another appraiser who admitted to me he was still using a clipboard and pen. There are very few people out there still using these; most appraisers. Read More.
Housing Wire
APRIL 22, 2021
According to the National Association of Realtors, March’s existing-home sales came in at 6.01 million. Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.
Cleveland Appraisal Blog
APRIL 23, 2021
Hello everyone! I hope that you are doing good and hanging in there! Every now and then, I have a guest blogger that covers a topic that is not related to real estate. This is the case today. This week, my guest blogger is June Duncan. June reached out to me to see if I would be interested in having her write a piece for the Cleveland Appraisal Blog, on helping the elderly or disabled when they are in decline.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Robert Weiler Company
APRIL 20, 2021
Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need.
Housing Wire
APRIL 23, 2021
Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous months. I expect this month’s headline to be revised lower a tad next month, but even considering that, this report was the best new home sales report in over a decade.
Appraiserblogs
APRIL 22, 2021
It was a bit surprising how little attention was paid to the announcement of Madoff’s death in prison. Good. His returns were amazingly linear and there were a number of people that kept calling out the ponzi but he was close with regulators. Because my firm is located in NYC, we’ve ended up doing appraisals in matters related to the post-Madoff tragedy/cleanup.
GoForrmz
APRIL 23, 2021
General Manager, Construction, Mike Wood, discusses his new role at GoFormz and construction’s digital-centric future. From the job site to the halls of Procore HQ, Mike Wood has spent the last decade working within the construction industry. As Mike’s career evolved, so did construction’s relationship with digital solutions and technology. The construction industry has traditionally been resistant to digital adoption.
BiggerPockets
APRIL 22, 2021
Your ability to qualify for a mortgage hinges on your home appraisal—so how can you maximize your home's value? Here, learn how to challenge a low appraisal and get the highest valuation possible.
Housing Wire
APRIL 20, 2021
Federal Housing Finance Agency Director Mark Calabria said the controversial amendments made to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements in late January should be just the start. “I said in January when the PSPA were signed — there needs to be another set of amendments. January really is a bridge,” he told Wells Fargo ‘s Kristy Fercho , chair-elect of the Mortgage Bankers Association , at the trade group’s spring conference. “We knew w
McKissock
APRIL 20, 2021
Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Industry veterans may also find that working for a part-time real estate agent salary provides an alternate or transition to retirement or a way to balance work and family life.
Yolo Solano Appraisal Blog
APRIL 23, 2021
Thanks to Craig Jones for the conversation today.
BiggerPockets
APRIL 20, 2021
Short-term stays using popular rental services like Airbnb are quickly becoming the norm. But being a host can change your tax liability? If investors are not careful, they may end up paying additional taxes. Here's how to avoid self-employment taxes.
Housing Wire
APRIL 21, 2021
Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s 725,000 more than in 2019. The report, citing U.S. Census data and its own research, now pegs the Hispanic homeownership rate at between 48-49%, which is an uptick of a full percentage point from one year before.
McKissock
APRIL 20, 2021
We love to hate them. But with a majority of the mortgage appraisal volume being engaged through appraisal management companies, as an appraiser, working with AMCs is almost a necessity today. One way to boost your business is by working smarter with your AMC partners. Here are ten tips designed to help you improve your appraiser score, get more assignments close to home, and earn more money working with AMCs. 1.
DW Slater Company
APRIL 23, 2021
Photo by nagaraju gajula from Pexels. It has certainly been an interesting and busy spring! We are still seeing impacts from the winter storm in February. Many are still having repairs done to their homes due to the massive amount of damage that occurred from frozen pipes. They are still gathering the death toll but it is currently at 111 deaths. Our hearts go out to those with great losses from this catastrophic event.
BiggerPockets
APRIL 21, 2021
Hiring a professional inspector is an essential part of the home-buying process—but all home buyers and investors should know how to quickly assess a property's condition. Here's what to look for during your walkthrough.
Housing Wire
APRIL 22, 2021
For the first time in nearly two months, mortgage rates dropped below 3% last week, down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. “The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low-rate environment,” said Sam Khater, Freddie Mac’s chief economist.
McKissock
APRIL 21, 2021
The Appraisal Foundation has created a survey for appraisers that is intended to gather demographic data about the appraisal profession. The survey can be accessed by clicking HERE. Much of the information that exists about the demographics of the appraisal profession is anecdotal. This survey is an opportunity to produce a more accurate and complete picture of the demographics of the appraisal profession.
Empire Appraisal Group
APRIL 22, 2021
Housing Demand Likely to Stay High for Years to Come. Source: Housing Demand Likely to Stay High for Years to Come | Florida Realtors. While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. MECKLENBURG, Tenn. – Low rates of household formation since the Great Recession have caused 5.7 million “missing” households, a new Zillow analysis finds.
BiggerPockets
APRIL 19, 2021
Real estate regularly goes through multi-year cycles of boom and bust periods. These cycles can be broken into four periods—but what investing strategies should you adopt during each step in the cycle?
Housing Wire
APRIL 21, 2021
As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. history. But future risk still remains, and much remains undecided about the future of credit scores.
McKissock
APRIL 23, 2021
McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership ?
Yolo Solano Appraisal Blog
APRIL 21, 2021
I hope you’ve had your Covid-19 vaccine shots. If not and you’re in California, sign up now here. Inventory continues to be low in the region with rising prices and competition for most properties. Sales volume is rising as shown below for Davis and Woodland: Inventory has risen in Davis but is still on the […].
BiggerPockets
APRIL 23, 2021
Dr. Joseph Asamoah arrived in the United States at age 24 with just $100 in his pocket. He's now one of D.C.'s most successful investors. Learn his secrets here.
Housing Wire
APRIL 23, 2021
Low mortgage rates and incredible buyer demand won out over pressure from soaring lumber prices in March as single-family new home sales rose 20.7% from February to a 1.02 million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. Census Bureau. This is the fastest sales pace since September 2006.
McKissock
APRIL 18, 2021
Working in real estate can be highly rewarding both financially and in terms of career satisfaction. However, any agent would tell you that it’s not always as glamorous or effortless as shows on HGTV would make it seem. Last month (March), we asked our CE Plus members , “What is the most common misconception about working in real estate?” Here are some of the most common answers. “Most don’t consider that like any self-employment, there are expenses.
Raleigh Realty
APRIL 21, 2021
Living in Wendell, NC Thinking about Moving to Wendell, North Carolina? Find out what it's like living here Wendell is an up-and-coming community consisting of private homes, local eateries, vintage buildings, and parks. The town itself gives off the vibe of having all the big city charm found in larger metropolises yet still retaining its small-town atmosphere.
BiggerPockets
APRIL 21, 2021
The first step to financial literacy is understanding money—and how it can work for you. Follow these simple steps to put your money to work.
Housing Wire
APRIL 21, 2021
Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Redfin defines “luxury” homes as selling for an average of $975,000, “expensive” homes as selling for an average of $429,000, “mid-priced” as selling for an average of $272,000, “affordable” as selling for an average of $184,400, and “most affordable”
GoForrmz
APRIL 19, 2021
We are excited to announce that next week (April 27-29) GoFormz will be sponsoring (virtual) Field Service USA – will we see you there? If you will be in attendance, be sure to schedule and attend a demo of the GoFormz mobile forms platform to get your free GoFormz ‘Fun Pack’ *. Be sure to drop in to our virtual booth and attend our digital roundtable featuring Goldwind USA!
Clear Capital
APRIL 19, 2021
Available today through a friendly interface, ClearProp is an interactive property valuation tool that enables quick and reliable assessment of nearly every property in the U.S. RENO, Nev. — April 20, 2021 — Clear Capital, a real estate valuation and analytics fintech leader, today announced its all-new ClearProp , a comprehensive property valuation and analytics tool with nationwide coverage that enables quick and accurate property value conclusions.
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