Sacramento Appraisal Blog
JANUARY 3, 2023
What’s the real estate market going to do in 2023? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 1/12/23 McKissock Webinar (register here) 1/18/23 WCR Market Update in Cameron Park (register here) 1/19/23 Big market update at SAR on Zoom (register here) 1/20/23 […].
Housing Wire
JANUARY 6, 2023
Can we have a soft landing in the economy? Friday’s job report shows there is a clear pathway to get there. Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer.
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Cleveland Appraisal Blog
JANUARY 5, 2023
Welcome to 2023! I hope that you all had a nice time off over the past month. We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. Even before the pandemic’s incredible surge in housing demand, the market in Northeast Ohio was skating along nicely.
Eyes on Housing
JANUARY 3, 2023
Private residential construction spending declined 0.5% in November, as spending on single-family construction plunged 2.9%. Private residential construction spending fell for the six consecutive month, standing at an annual pace of $868 billion. However, this total remains 5.3% higher compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has also declined.
Advertiser: Trellis
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The Appraiser Coach
JANUARY 3, 2023
It doesn’t happen very often, but I’m sure it’s happened to each of us at least once: while taking a payment at the door, someone pays you in cash. And. Read More.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JANUARY 6, 2023
When done right, staging evokes a stronger emotional tie for buyers, which translates to a greater commitment to the home. .
Eyes on Housing
JANUARY 6, 2023
Job growth slowed in recent months, but the overall labor market remains tight. In December, total nonfarm payroll employment increased by 223,000, and the unemployment rate ticked down to 3.5%, back to its lowest point before the pandemic. However, in a positive sign for inflation, wage growth slowed to a 4.6% year-over-year gain, the slowest pace since August 2021.
GoForrmz
JANUARY 3, 2023
The GoFormz team will be exhibiting at World of Concrete in Las Vegas! We are thrilled to be attending World of Concrete in Las Vegas, Nevada, January 17-19, 2023. Will we see you there? World of Concrete 2023 World of Concrete has been serving the global concrete and masonry construction industry for almost 50 years. Industry professionals from all over the world will come together to demonstrate the latest technology, like GoFormz, and machinery available, access the newest training and techni
Housing Wire
JANUARY 5, 2023
The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing went into a recession in June and mortgage volume fell off a cliff. So where does all that drama leave us for 2023?
Speaker: Dylan Secrest
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Inman
JANUARY 6, 2023
Lead generation is the lifeblood of a successful real estate business, writes Jimmy Burgess. What are you going to do in 2023 to take your business to the next level?
Eyes on Housing
JANUARY 4, 2023
The count of open, unfilled jobs for the overall economy declined slightly in November, falling from 10.51 million open positions to 10.46 million. This represents a decrease from a year ago (10.92 million), a sign the labor market is slowing in response to tighter monetary policy. The degree of this slowing will be critical for the ongoing downshift in the.
Riverfront Appraisals
JANUARY 5, 2023
Note: All year, we’ll be writing about a variety of frequently asked questions dealing with appraisals. If you’d rather listen, check out our podcast, The Appraisal Cast, wherever you listen to podcasts. Question: Do ANSI ceiling height requirements apply to below grade square footage? This question came to be from a Realtor who […]. The post FAQ #1 Do ANSI ceiling height requirements apply to below grade square footage?
Housing Wire
JANUARY 4, 2023
This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Advertiser: Trellis
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Inman
JANUARY 6, 2023
Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Dec. 30, 2022 through Jan. 5, 2023.
Eyes on Housing
JANUARY 3, 2023
Consumer confidence rose to an eight-month high in December as declining gas prices and easing inflation contributed to more optimistic views of economy. However, spending plans were mixed. Vacation intentions improved, while the intention to buy homes and big-ticket appliances cooled further due to elevated mortgage rates. This shift in consumer preference from goods to services is likely to continue.
Appraiserblogs
JANUARY 6, 2023
The appraisers are the convenient scapegoats every time. Anytime the real estate market takes a hit, 99% of the time it is because of banking and lending practices. The appraisers are the convenient scapegoats every time. During the 1980s it was the commercial side, yet residential appraisers received both barrels of double-odd buck. Then in 2008 again: stated income, 40 year loans, predatory lending (REFINANCING), NO money down (no skin in the game); people used their homes as a slot machine t
Housing Wire
JANUARY 4, 2023
The last week of the calendar year is usually a slow time for the mortgage industry, but 2022 was something else. It represented the lowest level of activity in 27 years. “With mortgage rates still well above 6% and the threat of a recession looming, mortgage applications continued to decline over the past two weeks to the lowest level since 1996,” Joel Kan, Mortgage Bankers Association ‘s vice president and deputy chief economist, said in a statement.
Inman
JANUARY 6, 2023
RentRedi is a six-year-old software company with hundreds of thousands of units under management totaling close to $10 billion in value.
Eyes on Housing
JANUARY 5, 2023
Real gross domestic product (GDP) increased in 47 states and the District of Columbia in the third quarter of 2022 while Indiana, South Dakota, and Mississippi saw modest GDP declines. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 8.7 percent increase in Alaska to 0.7 percent decline in Mississippi.
McKissock
JANUARY 3, 2023
As part of our contributor series, Steven W. Vehmeier, Appraisal Educator Emeritus, shares his insights into appraising small income properties. The topic of this blog is two-to-four unit residential income properties. The purpose is to address common misconceptions about appraising these unique investment properties, as well as to emphasize the important factors an appraiser must consider.
Housing Wire
JANUARY 4, 2023
Mortgage technology provider FormFree gives back to those in need in Northeast Georgia in a big way. FormFree hosted its third annual Heroes Golf Classic and raised nearly $55,000 for the American Red Cross. The donations will go toward disaster relief and hosting future blood drives. The CEO of FormFree, Brent Chandler, is also on the board of directors for the American Red Cross.
Inman
JANUARY 6, 2023
The New York-based brokerage is shopping around 89,000 square feet of office space at 90 Fifth Ave. in Manhattan as it looks for ways to stem its losses, which clocked in at $154 million in 3Q22.
Lamacchia Realty
JANUARY 2, 2023
SIMPLE WAYS TO ADD PROPERTY VALUE. Having a property is more than just an emotional endeavor. Additionally, it’s a financial choice that could pay off as you accumulate equity in your house and witness your property value rise over time. The neighborhood in which your property is located, the housing demand in the area, and the state of the economy all impact how quickly this property value will rise.
Realvals
JANUARY 5, 2023
The charts below offer a realistic portrayal of the housing market in San Francisco, California. The data comes directly from the local Multiple Listing Service (BAREIS MLS), providing a more comprehensive understanding of the true trends in the market. These charts are updated on a monthly basis and include a full year of data. * Bookmark this page if you want to keep up with the real estate market trends in San Francisco. *.
Housing Wire
JANUARY 3, 2023
Pending home sales fell for the sixth consecutive month in November, recording a 4.0% month-over-month drop that resulted in an index reading of 73.9, according to data released last Wednesday by the National Association of Realtors. “Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, sa
Inman
JANUARY 6, 2023
Finding ways to rise above the noise and shine light onto a challenging market is the mission of every agent in today's market. Coach Darryl Davis shares eight strategies to help agents become a beacon of light for their clients against the storm of misinformation and negative mindsets.
GoForrmz
JANUARY 5, 2023
Learn more about how you can use eSignatures in your digital forms Join the GoFormz team in a live webinar all about capturing legally binding electronic signatures ! If you’re interested in electronic signatures or want to see how they can best support your business, join us on January 19th at 2:00 PM ET / 11:00 AM PT. With GoFormz + eSign, you can now seamlessly digitize your paper documents while capturing legally binding electronic signatures - all within seconds.
Empire Appraisal Group
JANUARY 4, 2023
What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? | Florida Realtors. Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. NEW YORK – The U.S. housing market is in an uneasy state of equilibrium.
Housing Wire
JANUARY 4, 2023
More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former executive at FoA, in an interview with HousingWire.
Inman
JANUARY 6, 2023
Pending home sales dropped 32 percent annually during the four-week period ending Jan. 1, with the biggest drop-offs recorded in markets that took off during the pandemic, according to Redfin.
Realvals
JANUARY 4, 2023
The charts provided accurately depict the real estate market in Tiburon, California, using data from the local Multiple Listing Service (BAREIS MLS). These charts are updated monthly and include a full year of information, giving a complete view of current market trends in the area. * Bookmark this page if you want to keep up with the real estate market trends in the town of Tiburon. *.
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