Sacramento Appraisal Blog
DECEMBER 19, 2022
A foreclosure wave is coming!!! And short sales are about to be unleashed!!! That’s often the housing narrative, and let’s talk about that while looking at some changes we’re starting to see in the Sacramento market. I hope this is helpful, whether you’re local or not. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING […].
Housing Wire
DECEMBER 21, 2022
On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Confused by this? I hear you; let’s dive deeper into today’s report. From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NA
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The Appraiser Coach
DECEMBER 20, 2022
I remember when I first started using a laser to do my measurements. I was up in front of a group of people, and I asked them to show by. Read More.
Eyes on Housing
DECEMBER 22, 2022
In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. Another 18.5 percent were built on an infill lot in an older neighborhood. The BPS places new homes.
George Dell
DECEMBER 21, 2022
Evidence is shortly defined as “Something that shows proof.” It’s precisely defined in the law, and also addressed in philosophy and epistemology. Epistemology deals with methods, validity, and scope in the theory of knowledge. In the philosophy of science, evidence is what confirms (or not) your hypothesis. Evidence justifies belief, but only if respected.
Housing Wire
DECEMBER 21, 2022
Figure Acquisition Corp. I , a blank check company affiliated with fintech Figure Technologies that planned to merge with a mortgage bank, will be delisted from the New York Stock Exchange. Figure’s plan to go public through a SPAC has been scrapped with the NYSE’s decision. The NYSE notified Figure on December 19 that it is “determined to commence proceedings to delist the company’s warrants from the NYSE and that trading in the company’s warrants would be suspended immediately,” ac
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Eyes on Housing
DECEMBER 23, 2022
The most recent Home Building Geography Index (HBGI) shows that multifamily home building has continued to experience strong growth since the start of the pandemic. Due to the low single-family housing inventory and elevated unaffordability of single-family housing caused by high house prices and higher mortgage rates, demand for multifamily housing has remained solid over the past year.
Advanced Appraisal
DECEMBER 20, 2022
This is our annual Christmas Lights Tour in our Local Tinley Park, Mokena and Frankfort areas. Some of the houses we personally know the owner's and some we just revisit every year to new ones added. We truly enjoy our t.
Housing Wire
DECEMBER 22, 2022
Mortgage industry executives, analysts and economists have started to place their bets on where mortgage rates will settle in 2023 amid the Federal Reserve’s tightening monetary policy and the fears of an economic recession. Spoiler alert: don’t expect much, if any, relief for borrowers in the short term. It’s true that after doubling over the course of a year, the 30-year fixed mortgage rate is trending downward at the close of 2022.
Appraiserblogs
DECEMBER 23, 2022
The nation’s 80,000 licensed real property appraisers should pay close attention to the manipulation of Washington by FTX, which turned out to have the characteristics of a Ponzi scheme. Fallen crypto whiz kid Sam Bankman-Fried and his associates are a living testament to the power of political donations in American politics. It’s unclear precisely what the more than $70 million in political donations bought FTX during an 18-month period leading up to the midterms, but one can speculate the mon
Eyes on Housing
DECEMBER 23, 2022
While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs, and challenging affordability conditions. Sales of newly built, single-family homes in November increased 5.8% to a 640,000 seasonally adjusted annual rate, according to newly released data by the U.S.
JMV Lending
DECEMBER 22, 2022
Collateral Underwriter (CU) is a program developed by Fannie Mae to assess risk. It launched at the beginning of 2015. The CU program helps lenders assess the risk factors associated with a particular appraisal for a subject property by providing detailed information about potential appraisal quality or property eligibility issues. As part of the CU […].
Housing Wire
DECEMBER 20, 2022
The best way to deal with inflation is always adding more supply: if you’re trying to defeat inflation by destroying demand, you’ve already lost the battle and will hurt future production. That’s why today’s housing completion data was excellent news. During a traditional recession, builders typically show lower starts, permits, and completion data.
GoForrmz
DECEMBER 22, 2022
Collect legally binding signatures at no additional cost with the GoFormz eSignature fields. Now that there are three available options for signature fields within GoFormz, it’s important to understand the difference between the digital Signature field and the eSign fields. Along with understanding the difference between a digital signature and an electronic signature , it’s also important to better understand the popular ways current GoFormz users are leveraging eSign fields to get the most out
Eyes on Housing
DECEMBER 20, 2022
Single-family housing starts continued to fall in November, with the pace of construction down 32% since February when mortgage rates began to rise. The housing market continues to weaken because stubbornly high construction costs and elevated interest rates are harming housing affordability. And with the count of multifamily units under construction reaching a near 50-year high, multifamily permit growth is.
BiggerPockets
DECEMBER 19, 2022
Last week, the Fed raised its benchmark interest rate by half a percentage point, a slowdown from previous sprints. Still, the federal funds rate is at its highest since 2007. While […].
Housing Wire
DECEMBER 19, 2022
Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. This drop marks one full year of declines in builder confidence, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Monday.
GoForrmz
DECEMBER 21, 2022
Take advantage of eSign construction forms Eliminate paper, manual tasks, and outdated processes with digital construction forms. With GoFormz, you can easily collect legally binding electronic signatures in your digital forms. Equip your forms for construction with eSign fields to instantly generate and collect signed contracts, invoices, and more!
Eyes on Housing
DECEMBER 21, 2022
As rapid rising mortgage rates continue to weaken housing demand, the volume of existing home sales has declined for ten consecutive months as of November, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. While mortgage rates have retreated in recent weeks due to recession concerns, they are likely to see another.
BiggerPockets
DECEMBER 20, 2022
Airbnb’s platform usually has two updates each year. One in the Summer and one in the Winter. This year’s Winter update came with a lot of cool features, like a […].
Housing Wire
DECEMBER 20, 2022
The benefits of green building materials and practices have been discussed when creating our homes and workplaces for a while now. The COVID-19 pandemic required a light-speed adjustment in this direction, as our offices were locked down with stay at home orders and everyone worked away from office colleagues and technology support. Working remotely, although not a new concept, became our new normal, and hybrid and remote office environments will continue to be part of our future.
GoForrmz
DECEMBER 20, 2022
Easily collect signatures from clients, patients, and other individuals outside of your GoFormz account with online form sharing and eSignatures Waiting on authorizations and approvals can bring your business to a grinding halt, delaying critical activities like sales agreements, patient intake, and other time-sensitive processes. These productivity stumbling blocks are often the result of obstacles like scanning, emailing, printing, and delivering forms – all for the sake of one signature!
Eyes on Housing
DECEMBER 19, 2022
High mortgage rates, elevated construction costs running well above the inflation rate, and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31, according to the National Association of Home.
Lamacchia Realty
DECEMBER 19, 2022
We’re excited to announce that Krista Matthews has officially qualified for the 2022 President’s club by closing on 33 transactions this year! This is Krista’s first time qualifying for this distinction and we couldn’t be happier! Krista has consistently demonstrated a strong work ethic and a commitment to delivering top-notch service to all of her clients.
Housing Wire
DECEMBER 23, 2022
This article is part of our 2022-23 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.
GoForrmz
DECEMBER 19, 2022
Customer feedback matters at GoFormz – here’s why: Knowing what you’re getting right and wrong in the eyes of customers is extremely important for the growth of your business. And there’s only one way to ensure that happens: incorporate customer feedback throughout your product lifecycle! That core concept is at the heart of everything we do here at GoFormz.
Eyes on Housing
DECEMBER 19, 2022
Nonfarm payroll employment increased in 43 states and the District of Columbia in November compared to the previous month, while seven states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 263,000 in November, following a gain of 284,000 jobs in October. On a month-over-month basis, employment data was strong in Texas, which.
Lamacchia Realty
DECEMBER 20, 2022
We’re very excited to announce that Joselin Malkhasian has officially qualified for the 2022 President’s Club ELITE by surpassing $24,000,000 in sales volume! Joselin is an expert at guiding her clients through the home buying and selling process to make sure their needs are met. She is one of Lamacchia Realty’s top agents, and can often be found on the company’s Monthly Top Producers list.
Housing Wire
DECEMBER 21, 2022
loanDepot registered a partial win against CrossCountry in a trade secret and employment-separation dispute. . The California-based mortgage lender sued its rival in April 2022 claiming that six former employees — Steve Schneider, Cindy Smolin, Samantha Siegel, Fernanda Baske, Bob Bowman, and John Noyes — left the company to join CrossCountry after accessing, downloading and taking confidential client information and breaching their employments agreements and fiduciary duties. .
BiggerPockets
DECEMBER 22, 2022
Don’t know how to become a millionaire? There’s a pretty simple formula for seven-figure wealth that the average American doesn’t know about. It isn’t complicated, but it does take a […].
Mortgagebroker News
DECEMBER 23, 2022
Wishing all our readers a wonderful break
Lamacchia Realty
DECEMBER 20, 2022
We are thrilled to announce that Shauna Fanning has officially qualified for the 2022 President’s Club ELITE by surpassing $24,000,000 in sales volume! This is Shauna’s second year in a row achieving this tremendous feat, having qualified for President’s Club ELITE in 2021. She also qualified for the 2022 Lamacchia Realty President’s Club back in September , and in 2021 and 2019.
Housing Wire
DECEMBER 20, 2022
Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as th
BiggerPockets
DECEMBER 22, 2022
This article is presented by Kay Properties & Investments. Read our editorial guidelines for more information. It doesn’t seem that long ago when the winds surrounding the commercial real estate industry were […].
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