Sacramento Appraisal Blog
NOVEMBER 16, 2022
The housing market has really changed, and it’s not an easy time to work in real estate. I know people in all parts of the profession who are having a hard time and wondering how to make things work. So, I wanted to share some perspective to hopefully bring encouragement. This post is sort of […]. The post The housing market will figure it out first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Housing Wire
NOVEMBER 17, 2022
The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.
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Cleveland Appraisal Blog
NOVEMBER 14, 2022
Are you interested in getting into the world of commercial real estate? This week I welcome back guest blogger June Duncan, who shares some things to think about if this is an area that you are interested in pursuing. Enjoy! Image by Unsplash. Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. It’s often mistaken for easy money, though, by people who underestimate the work it entails.
The Appraiser Coach
NOVEMBER 15, 2022
In the appraisal world, people ask you questions all the time. Some of those questions you can prepare for, and others come completely out of left field. In either scenario, Read More.
Eyes on Housing
NOVEMBER 15, 2022
The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report. The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%).
Housing Wire
NOVEMBER 16, 2022
Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In November, builder sentiment in the market for newly built single-family homes fell five points from October , ending at 33 points — less than half the level it was six months ago.
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Miller Samuel
NOVEMBER 13, 2022
I'm a big fan of Pat Kiernan , the star anchor for Spectrum News NY1. I especially like his "in the papers" spots and I've been on his morning show a few times. He interviewed me virtually to set the stage to describe NYC's housing challenge. Check it out! The post My Interview on Crosstown with Pat Kiernan - What can we do about NYC's housing crisis?
Eyes on Housing
NOVEMBER 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000).
Housing Wire
NOVEMBER 16, 2022
Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% for the week ending November 11, according to the Mortgage Bankers Association (MBA).
Appraiserblogs
NOVEMBER 15, 2022
The ranks of the new DEI bosses at the financial institutions are no more diverse than the appraisers their institutions see as the enemy. If the lack of diversity of appraisers is inherently bad, how could the same not be said for the DEI bosses? A full 93 percent of U.S. birdwatchers are white. Just 4 percent are African-American and a paltry 1 percent are Asian-American.
McKissock
NOVEMBER 15, 2022
Disciplinary complaints against appraisers are becoming more and more common. From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. However, there are steps you can take to protect yourself against becoming the subject of a lawsuit or disciplinary action.
Eyes on Housing
NOVEMBER 17, 2022
Single-family built-for-rent construction leveled off during the third quarter of 2022 as the overall housing market slowed. This occurred after an exceptionally strong second quarter for rental housing production. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 16,000 single-family built-for-rent (SFBFR) starts during the third quarter of 2022.
Housing Wire
NOVEMBER 15, 2022
Lending standards tightened in October, largely due to higher mortgage rates and the worsening outlook for the economy, the Mortgage Bankers Association (MBA) said. The mortgage credit availability index (MCAI) fell by 0.5% to 102.0 last month, marking eight consecutive months of decline. This caused it to reach its lowest level since March 2013, according to the MBA.
Appraiserblogs
NOVEMBER 18, 2022
Spreadsheets and graphs are powerful tools for appraisers. With proper data, and incorporated into reports, they can enhance your professionalism and decision-making ability. Appraisers, this article will highlight the process I use to bring clarity to my research and analysis of ‘comparable’ properties. This completed process becomes an exhibit in all my appraisal reports because it helps the Intended User(s) visually see what the market has been doing over a known time period.
GoForrmz
NOVEMBER 18, 2022
Employee Engagement at GoFormz When our Human Resources department was first formed, it was tasked with two main objectives: Take care of our people Make GoFormz the best place to work. GoFormz employee events and team activities over the past year. Every decision since has been made with these two goals in mind. From company-wide events to quarterly reviews, our HR team prioritizes employee engagement year-round.
Eyes on Housing
NOVEMBER 15, 2022
Over the first nine months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 800,424. On a year-over-year (YoY) basis, this is 7.4% below the September 2021 level of 864,184. Year-to-date ending in September, single-family permits declined in all four regions. The South posted a modest decline of 5.4%, while the Midwest region reported the steepest.
Housing Wire
NOVEMBER 18, 2022
The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days.
Empire Appraisal Group
NOVEMBER 17, 2022
Dr. Ewan Photography, Getty Images. Source: Proof that Building Codes Work? Punta Gorda | Florida Realtors. Proof that Building Codes Work? Punta Gorda. Hurricane Ian slammed Punta Gorda, but a local contractor says, “Everything with a 2007 (building) code and beyond pretty much was fine.”. PUNTA GORDA, Fla. – Punta Gorda was hit hard by Hurricane Ian.
GoForrmz
NOVEMBER 17, 2022
Keep your team feeling connected, no matter how far the distance Remote work, telecommuting, and hybrid offices — the way we work is swiftly changing. Remote workers currently account for 26% of the U.S. workforce , which is four times what it was in 2018, and it appears to be a trend that will continue to rise. Whether it’s due to increased productivity, better availability of qualified applicants, or better quality of life, remote work isn’t going anywhere anytime soon.
Eyes on Housing
NOVEMBER 17, 2022
Elevated mortgage rates, high construction costs for concrete and other building materials, and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production. Overall housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in October, according to data from the U.S.
Housing Wire
NOVEMBER 15, 2022
Insightful borrower data and enhanced tech solutions are paramount to success in today’s modern mortgage industry. HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . HousingWire: As mortgage lenders continue to look for ways to cut costs amid a high-rate environment, where are some key areas that they should still look to innovate?
BiggerPockets
NOVEMBER 14, 2022
With mortgage rates topping 7% and home prices remaining elevated, Americans are less confident than they’ve ever been about their home-buying prospects. According to Fannie Mae, only 16% of consumers believe […].
GoForrmz
NOVEMBER 16, 2022
See how mobile forms can benefit your packing industry business Today's economic climate makes it imperative that businesses, particularly in the global packaging and processing industry, find new ways to increase employee productivity without compromising their bottom line. This is why organizations (big and small) are turning to GoFormz as a solution for converting their cumbersome, ineffective, and costly paper worksheets into dynamic mobile forms that enable real-time data collection and ana
Eyes on Housing
NOVEMBER 16, 2022
Elevated interest rates, stubbornly high building material costs and declining affordability conditions that are pushing more buyers to the sidelines continue to drag down builder sentiment. Builder confidence in the market for newly built single-family homes posted its 11th straight monthly decline in November, dropping five points to 33, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing.
Housing Wire
NOVEMBER 14, 2022
HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. HousingWire: How has the non-QM space evolved over the past year? Tom Hutchens: The non-QM space has evolved quite a bit in the past year. There is some good news and some not so good.
BiggerPockets
NOVEMBER 15, 2022
You’ve heard about the blue pill and the red pill. But have you heard about the blue line and the green line? You should. Because they recently crossed. Which could […].
GoForrmz
NOVEMBER 14, 2022
Introduce digital form and data capture to best support your consulting business. Professional consultants are our specialized industry heroes. Ranging across various industries and diverse specialties, there are countless reasons why professional consultants are utilized. Whether your consulting business offers marketing resources or human resource outsourcing, digital forms offer the most valuable asset to simplify business processes and streamline client communication.
Eyes on Housing
NOVEMBER 17, 2022
Confidence in the market for new multifamily housing declined significantly in the third quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) decreased 10 points to 32 compared to the previous quarter while the Multifamily Occupancy.
Housing Wire
NOVEMBER 18, 2022
Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. “The U.S. housing market appreciation and the rapid increase in mortgage rates have reduced housing affordability and accelerated the plunge of mortgage origination volumes,” a recent Fitch Ratings report stated.
Lamacchia Realty
NOVEMBER 15, 2022
Lisa Gray has officially qualified for the 2022 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume! This is Lisa’s first time achieving this accomplishment, and it is incredibly well deserved! Lisa is a hardworking REALTOR ® licensed in both MA and NH. Lisa’s passion is helping and giving back, and she loves building long-lasting relationships with her clients.
Valcre
NOVEMBER 16, 2022
commercial real estate appraiser plays one of the most vital roles in a commercial property sale because the appraiser can influence the buyer’s decision. What the appraiser discovers during an appraisal can determine if a buyer will buy a commercial property or not. Among other approaches to determining the sale price of a property, the appraiser checks the value of the property compared to similar properties in the area.
Eyes on Housing
NOVEMBER 16, 2022
During the third quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. To analyze credit availability, responses from the NAHB survey are used to construct a net easing index, similar to the net easing index based on the Federal Reserve’s survey.
Housing Wire
NOVEMBER 18, 2022
The housing recession was in full swing in October. Existing home sales last month declined 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, and were down 28.4% year over year. That’s the largest year over year existing home sales decrease since 2007. “More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.
Lamacchia Realty
NOVEMBER 15, 2022
Matt Czepiel has officially qualified for the 2022 President’s Club ELITE by surpassing $24,000,000 in sales volume! It was just a matter of time before Matt was going to reach this impressive achievement, as he qualified for President’s Club in 2019 , 2020 , 2021 , and 2022. Additionally, he was named a Top Producer company-wide in both 2021 and 2020.
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