Sacramento Appraisal Blog
JANUARY 23, 2024
The housing market has 80s vibes. The 90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. Today, I want to show some headlines from over forty years ago, and I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on […] The post The housing market has 80s vibes first appeared on Sacramento Appraisal Blog.
Housing Wire
JANUARY 20, 2024
Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Traditionally at this time of year purchase apps rise and the number of price cuts fall. However, at the current trend, we will break below the lows in the price cut percentage data that we saw in 2023 in the spring of this year. I will watch for rising mortgage rates to see if they change the weekly data.
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George Dell
JANUARY 24, 2024
Time adjustments are not required. Unless they are needed. Appraisal time adjustments are also labeled as “market conditions” adjustments. Or, more recently in Evidence Based Valuation, “Market Price Indexing (MPI)©”. The FHFA blog post of 1/16/2024 defines “underappraisals” as those loan appraisals which come in below the contract price. The rising market […] The post No Time Adjustments!?
Real Estate News
JANUARY 24, 2024
The best way to protect consumers and raise the bar for the entire industry? Require buyer agency agreements across the board.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
The Appraiser Coach
JANUARY 23, 2024
It’s a situation I’ve seen time and time again. Someone in the appraisal office is doing too much. They take all the phone calls. They do all the data entry. They send out all the emails. They update AMCs when needed. They make appointments. What don’t they do? Sleep, probably. I have a term for this kind of behavior: Everyperson Syndrome. I know that many of you think you know where I’m going with this.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Miller Samuel
JANUARY 23, 2024
A long time friend and journalist Kathleen Hays invited me to speak with her about the impact of the recent Fed pivot on the U.S. housing market. She has extensive experience interviewing experts about the economy from time at Bloomberg Television. She’s started up a very cool Substack: Central Bank Central that features conversations around Fed policy.
Real Estate News
JANUARY 25, 2024
Ryan Schneider spoke to Real Estate News about his company’s decision to settle in the commissions cases and his thoughts on NAR and the year ahead.
Inman
JANUARY 22, 2024
Ahead of Inman Connect New York this week, newly installed First Team Real Estate CEO Michele Harrington dishes on ambitious plans for 2024 and what she'll be talking about at ICNY on Tuesday.
Housing Wire
JANUARY 23, 2024
Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging. This is according to a new report from home improvement services company Leaf Home and market research firm Morning Consult , which enlisted responses from 1,001 baby boomer homeowners (aged 59–77) and 1,001 millennials (aged 27–42) in late Decemb
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Eyes on Housing
JANUARY 22, 2024
According to the U.S. Census Bureau’s latest estimates, the U.S. resident population grew by 1,643,484 to a total population of 334,914,895. The population growth rate reached its highest level since the pandemic at 0.49%. This is just above the 2019 growth rate (0.46%), while slightly below the 2018 growth rate (0.53%). The Census Bureau reports that the primary source for.
Real Estate News
JANUARY 22, 2024
For more than a decade, housing supply has not kept pace with demand. Building more homes might seem like the answer, but there’s more to it than that.
Inman
JANUARY 25, 2024
Find out how this Montana broker leads with competence, intention and by prioritizing strong relationships and mentoring.
Housing Wire
JANUARY 24, 2024
Fannie Mae has announced updates to its HomeReady product, including a temporary $2,500 credit for very low-income purchase borrowers to use for down payment and closing costs. Another step the government-sponsored enterprise took was to enhance the best efforts commitments on HomeReady loans. It allows lenders to lock in margins and reduce hedging costs.
Eyes on Housing
JANUARY 24, 2024
According to the January 2024 survey for the NAHB/Wells Fargo Housing Market Index, high interest rates were a significant issue for 90% of builders in 2023, and 77% expect them to be a problem in 2024. The second most widespread problem in 2023 was rising inflation in US Economy, cited by 83% of builders, with 52% expecting it to be.
Real Estate News
JANUARY 26, 2024
NAR says ThePLS.com, which sued the association and three major MLSs, is dismissing the case. But the door is open for it to refile this year.
Inman
JANUARY 25, 2024
Two real estate agents with experience trading real estate with cryptocurrency were able to explain to the Inman New York audience how tokenization could very well be the answer to funding extensive commercial renovations.
Housing Wire
JANUARY 24, 2024
Mortgage demand continued to increase last week, as seen in an uptick in purchase activity. Mortgage applications rose by 3.7% in the week ending Jan. 19 compared to one week earlier on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey. “Conventional and FHA purchase applications drove most of the increase last week as some buyers moved to act early this season,” Joel Kan , MBA’s vice president and deputy chief economist, said in a st
Eyes on Housing
JANUARY 25, 2024
Falling interest rates in the closing weeks of 2023 helped to bring buyers off the sidelines and provide a boost for new home sales. Sales of newly built, single-family homes in December increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November, according to newly released data by the U.S. Department of Housing and.
Real Estate News
JANUARY 23, 2024
AREA, an initiative spearheaded by Mauricio Umansky and Jason Haber, aims to create “something totally new” for agents and others dissatisfied with NAR.
Inman
JANUARY 22, 2024
Lead by David Keener, the team grew quickly with an agent-centric model that reinvested profits at 100 percent back into agent resources, and, like Real, operates without physical offices.
Housing Wire
JANUARY 26, 2024
Pending home sales rose 8.3% month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. On a year-over-year basis, pending sales were up 1.3%.
Eyes on Housing
JANUARY 26, 2024
NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% of new home sales in 2023—a 1.3 percentage point decline over the year but still the second-highest share since 1991. In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% in 2023.
Real Estate News
JANUARY 23, 2024
The newly launched firm — the brainchild of former eXp and Real execs — tweaks the downline model and is intended to “professionalize the industry.
Inman
JANUARY 23, 2024
James Dwiggins argued at Inman Connect New York that commission lawsuits and pressure from the feds is going to bring about change in the real estate industry.
Housing Wire
JANUARY 25, 2024
Homeowners in California now have even fewer choices in homeowners insurance carriers. The Hartford Financial Services Group , better known as The Hartford, announced Wednesday that it would no longer issue new homeowners insurance policies in California starting in February 2024. The firm noted that this change would also impact The Hartford’s joint homeowners insurance program with AARP.
Appraiserblogs
JANUARY 22, 2024
…my career, business, and health at risk due to false claims made by a homeowner. As a professional real estate appraiser with many years of experience, I have seen my fair share of disputes between homeowners and appraisers. However, the situation I am about to share with you is one that has left me shocked and appalled. It is a story of false claims, intentional infliction of emotional distress, and the damaging effects of a homeowner’s actions on an appraiser’s career, business, and health.
Real Estate News
JANUARY 20, 2024
Scandals at NAR and beyond have shed new light on a familiar and distinctly female challenge: Having to work harder and protect yourself because of your gender.
Inman
JANUARY 21, 2024
What we invest in, we can expect to grow. That’s why Jimmy Burgess recommends choosing one of these areas to invest in if you want big returns.
Housing Wire
JANUARY 23, 2024
Mauricio Umansky, founder of The Agency and star of Buying Beverly Hills, and Compass agent and NAR Accountability Project founder Jason Haber are making good on a promise to explore a real estate professional trade organization alternative to the National Association of Realtors. The two industry professionals are asking agents to “Trade Up” and give their new group, the American Real Estate Association, a try.
Eyes on Housing
JANUARY 25, 2024
The U.S. economy grew at a surprisingly strong pace in the fourth quarter, mainly fueled by resilient consumer spending. However, the fourth quarter data from the GDP report suggests that inflation is cooling. The GDP price index rose 1.5% for the fourth quarter, down from a 3.3% increase in the third quarter. The Personal Consumption Expenditures (PCE) Price Index, which.
Real Estate News
JANUARY 26, 2024
Traffic data from Comscore showed Zillow with twice as many visitors as second-place Realtor.com, while Homes.com appeared to lose some ground.
Inman
JANUARY 23, 2024
During his latest ICNY appearance CoStar Group CEO Andy Florance chastised Zillow, Redfin and Realtor.com for prioritizing their bottom line to the detriment of buyers and listing agents.
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