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Historically, retirees have always put Scottsdale high on their list of destinations when looking to take advantage of lower home prices, larger lots, agreeable weather and low cost of living. But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.
There are certain things that are just true. Spandex bodysuits shouldn’t be worn by most people. Mullets probably shouldn’t come back in style. And mortgage rates right now are just too low. The truth: Mortgage rates this low have helped create a chaotic housing market and they need to go up. I tweeted this yesterday […].
It is possible to be simultaneously licensed and practicing as a real estate appraiser while also being a licensed and practicing real estate agent. The answer is yes, but there. Read More.
Hello! I hope that you are enjoying the warmer weather! With the spring selling season upon us, my volume of work has been very high. So, I am grateful for guest bloggers who provide me with some great articles to share with you. I hope you’ve been enjoying them. I have one more this week. Welcome to Emily Miller , who wrote this piece for the Cleveland Appraisal Blog.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
Last year, during the throes of COVID-19, I expended many words arguing that the U.S. economy would be OK despite the dark period we were in. We just needed patience. We aren’t in a housing bubble. Today we are enjoying the most remarkable comeback of the U.S. economy, which almost no one saw coming. The America is Back Economic Model and the 10-year yield should share the Oscar for best performance.
USPAP (Uniform Standards of Professional Appraisal Practice) ethics rule specifically states that “An appraiser must not perform an assignment with bias.” It defines Bias as “a preference or inclination that precludes an appraiser’s impartiality, independence, or objectivity in an assignment.” As we noted in a prior Analogue Blog, there are two types of bias: personal […].
USPAP (Uniform Standards of Professional Appraisal Practice) ethics rule specifically states that “An appraiser must not perform an assignment with bias.” It defines Bias as “a preference or inclination that precludes an appraiser’s impartiality, independence, or objectivity in an assignment.” As we noted in a prior Analogue Blog, there are two types of bias: personal […].
Explore the key takeaways from our Field Service USA 2021 executive roundtable This week we had the pleasure of leading a field service executive roundtable discussion on overcoming challenges in the field with digital tools and resources, featuring GoFormz CEO, Rob Brewster, alongside our customer guest, Goldwind USA. Joined by over a dozen field service executives, our roundtable began with a discussion of how Goldwind USA leverages GoFormz to save their team time and significant budget throug
FHA Appraisers, on April 26, 2021, FHA issued this Temporary Partial Waiver, which is active for one year. This temporary partial waiver is effective for the 12-month period between April 26, 2021, and April 26, 2022. It is found in FHA INFO #21-25 April 27, 2021: Temporary Partial Waiver of the requirements of the single Family Housing Policy Handbook 4000.1 Section II.D.4.c.iii.
Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed by Fannie Mae and Freddie Mac. According to the regulatory agency, this new product will assist borrowers who were less likely to take advantage of 2020’s historically low rates.
Here in Ohio, the number of property management professionals is increasing – and with good reason. The median annual salary for a Columbus property manager, for instance, is $99,867, according to Salary.com as of April 27, 2021. And that amount is not even including bonus, commission, and benefits, as well as other factors that impact base pay. Now, also factor in great market access, the standard of living, and valuable tax climate; you can easily see why individuals seek out Columbus, Ohio as
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.
Bringing a new real estate agent into your brokerage or onto your team requires a commitment of time, resources, and energy. It’s important to know that the agent you choose is up for the challenges ahead and ready to hit the ground running without a lot of handholding and babysitting. These ten interview questions should give you a good sense of where agents are in their professional journeys and whether or not they’re a good fit for your organization. #1: What markets are you currently serving
The following Redfin article is exceptionally offensive to everyone in the real estate business and related sectors, who actually know what they are talking about, to people that are not racists, and who are offended at being falsely called racists directly or by inference. Redfin Study: Homes in Black Neighborhoods Are Undervalued by an Average of $46,000 | Redfin Press Center REDFIN executives ought to know better than to permit their name to be associated with such levels of reckless dis
For the second consecutive week, mortgage rates managed to hold steady below 3%, rising one basis point last week to 2.98%, according to Freddie Mac’s Primary Mortgage Market Survey. In light of the rising COVID-19 caseloads globally, U.S. Treasury yields stopped moving up a month ago and have remained within a narrow range as the market responds to incoming economic data, noted Sam Khater, Freddie Mac’s chief economist.
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.
In completing bifurcated and hybrid appraisals , you must reasonably believe that information relied upon—from a third-party inspector or another data source—is reliable. You, the appraiser, should have a process for evaluating data reliability by asking the following questions: Who collected the data? Is the data source unbiased and objective? Does the data source have a reputation of trustworthiness and accuracy?
Digitizing your digital forms for use on phones, tablets, and computers allows your team to work faster and more accurately, even while offline in remote areas Digital forms present field service teams with countless opportunities to streamline their field-to-office workflows and accelerate critical daily processes (like job site inspections, customer communication, billing and payroll, and so much more).
A homebuyer report from Bank of America shows that 51% of young homebuyers aged 18 to 43 value community and friendly neighbors when deciding whether or not to pull the trigger on a new home. Also in the survey, which polled 2,000 adult homeowners and prospective homebuyers, just 33% of older generations (defined as ages 57 to 75) said community had become more important over the past year. “Along with a desire for more space and smart home technology, individuals are looking for a sense o
If investing is your side gig, you're competing against full-time investors—which will never be easy. Here are your options for succeeding without ditching your 9-to-5.
As a real estate appraiser, whether you’re considering the current terms of sale or analyzing previous sales of the subject property or comparable sales, it is imperative to know whether a sale is an arms-length transaction or a different type of sale. Sales due to a job relocation, estate settlement, foreclosure, or divorce may sell for less than the property’s market value.
Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. So if this is […]. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?
Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% decrease in applications in its latest report for the week ending April 23, 2021. Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. “Even with a few weeks of lower rates, most borrowers have likely already refinanc
Book Recommendation – Indistractable by Nir Eyal Most appraisers are on the road a lot. I understand the need to stay engaged while driving. My go-to in my car is to listen to podcasts and audiobooks. (Along with the occasional baseball game if I can find one.) A few weeks ago, I came across Indistractable by Nir Eyal. It’s a book with practical tips on how to be more present.
Buying a home can be extremely stressful. For one thing, it’s a huge expense. Plus, in some cases, it’s a once-in-a-lifetime decision. And, of course, settling on a permanent property can be a choice fraught with emotion. . It makes sense, but it can make the real estate process even tougher for buyers. That means it’s often the real estate agent’s job to ease their minds and lighten the situation.
The Best Overall State? Fla. Moved Up to No. 10 This Year. Source: The Best Overall State? Fla. Moved Up to No. 10 This Year | Florida Realtors. By Chris Perkins. U.S. News & World Report ranked Fla. No. 10 this year as overall best state, up from 13 last year. Created via a survey of residents, the list covers 8 categories. MIAMI – The Sunshine State – with its dazzling beaches, exciting nightlife and picture-perfect weather – is shining bright in a new annual survey.
The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s well above the average home sale prices in Redfin’s March report , at the time a record high of $331,590.
Book Recommendation – Indistractable by Nir Eyal. Most appraisers are on the road a lot. I understand the need to stay engaged while driving. My go-to in my car is to listen to podcasts and audiobooks. (Along with the occasional baseball game if I can find one.). A few weeks ago, I came across Indistractable by Nir Eyal. It’s a book with practical tips on how to be more present.
Living in Knightdale, NC Moving to Knightdale NC? 11 Things to Know Before you do Take a trip about 8 minutes from downtown Raleigh and head east towards the crossroads of I-540 and U.S. 264. Situated there is the upbeat and energetic town of Knightdale. The benefits of living in Knightdale extend far beyond the affordability of the homes for sale and we are going to break down all the pros and cons in this article Knightdale has a long history dating back almost to the 1700s.
Easily optimize your field service workflows with digital forms and fully functional offline data capture When working in the field service industry, teams are often fractured across a variety of office locations, job sites, or remote mobile teams, making it difficult to improve collaboration and communication. These obstacles are often exacerbated by frustrating manual tools, like paper forms, printing, and record-keeping supplies, and the cumbersome workflows that accompany them, including: Pr
More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. Although housing starts are rising, lumber prices have skyrocketed in the past 12 months, causing the average price of a new single-family home to increase by $35,872, according to the National Association of Home Builders.
Nir Eyal – Indistractable [link]. Book Recommendation – Indistractable by Nir Eyal. Most appraisers are on the road a lot. I understand the need to stay engaged while driving. My go-to in my car is to listen to podcasts and audiobooks. (Along with the occasional baseball game if I can find one.). A few weeks ago, I came across Indistractable by Nir Eyal.
Anyone who knows an appraiser recognizes the dynamics of being ‘data rich’ and ‘data wise’ Collecting and compiling ‘true comparable’ data allows us to dive deeper and to identify market trends to a greater degree. This month, we share insights, Simonson Appraisals authored charts, and graphs specific to the current Dollar Store net lease market.
Nations Lending continued to add to its leadership team with the recent hiring of Randy Koerner, who will play a direct role in building sales as well as supporting the company’s branch development and sales growth. Read on to learn more.
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