Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The National Home Builders Association ‘s June survey marks the sixth straight month that builder confidence has increased and is the first time that sentiment levels have surpassed the midpoint of 50 (out of 100) since July 2022.

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Sacramento Appraisal Blog

JUNE 22, 2023

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 6/30/23 Halftime report with Ben Johnston 10am (Zoom) […] The post A new home rebound & avocado toast first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate News

JUNE 21, 2023

Bob Goldberg announced that he will leave the role when his current contract ends.

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Contracts 306

Cleveland Appraisal Blog

JUNE 23, 2023

Hello, friends! I’m still playing catch-up from June. So, here is another article from guest blogger Ashley Rodriguez. In this article, she discusses some things to consider before buying land. I hope you enjoy her article! Photo by Markus Spiske on Pexels.com Buying land is a significant investment, and it requires the careful consideration of several factors before you proceed.

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Housing Wire

JUNE 20, 2023

The U.S. single-family rental market is still strong, but the pace of rent increases has cooled significantly over the past year. The market is looking more like 2019 than the price spikes witnessed during the pandemic. U.S. single-family rent increases in May registered a 3.7% gain, compared to the 14.2% growth observed in the same month in 2022, according to Corelogic ’s Single-Family Rent Index (SFRI).

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The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. It’s not having a sports car or a big fancy house. My definition of wealth is the ability to do what I want, when I want, with whom I want, because I want. This is all within reason, of course. I’m not going to go out and dunk a basketball tomorrow; I’m not anywhere near the condition required for that.

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Eyes on Housing

JUNE 19, 2023

Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in 11 months. Builder confidence in the market for newly built single-family homes in June rose five points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

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Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Just when I thought I was out, they pull me back in. What do I mean by savagely unhealthy? One of the critical data lines I track is the days on market, and when that breaks under 30 days it’s a dangerous sign, but when we get into the teenager level or lower, it’s a red alert.

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The Appraiser Coach

JUNE 20, 2023

I think I’ve talked to you about my definition of wealth before. It’s not having a sports car or a big fancy house. My definition of wealth is the ability.

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Real Estate News

JUNE 20, 2023

Single-family housing starts hit an annualized rate of 997,000 in May, up significantly from earlier this spring but still down year-over-year.

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Inman

JUNE 21, 2023

Bob Goldberg's contract will expire Dec. 31, and the executive plans to retire after three decades at NAR and four decades in real estate, according to the National Association of Realtors.

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Housing Wire

JUNE 20, 2023

Housing starts are surging today and the builder’s confidence data is now in expansion territory. Does this mean the housing recession is over? As I have said many times over the last few months, the builders are efficient sellers and they’re taking advantage of an existing home sales market that is suffering from low inventory and higher mortgage rates.

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Eyes on Housing

JUNE 20, 2023

Limited existing inventory combined with solid demand and improving supply chains helped push single-family starts to an 11-month high in May. This occurred despite elevated interest rates and ongoing challenges for housing affordability. Overall housing starts in May increased 21.7% to a seasonally adjusted annual rate of 1.63 million units, according to a report from the U.S.

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Real Estate News

JUNE 23, 2023

Support for the LGBTQ+ community can take many forms, from a rainbow flag in a window — a "beacon of safety" — to providing resources for LGBTQ+ clients.

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Inman

JUNE 21, 2023

It wasn't easy, but builders survived the market downturn without mass layoffs. And they've clawed their way back near normal sales levels.

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Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. That was surprisingly strong, but as I have always stressed, context is critical. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness. The recent growth broke that streak, but demand is still low.

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Eyes on Housing

JUNE 23, 2023

In a previous blog post, NAHB analyzed the national data released by BUILDER Magazine. Earlier this month, BUILDER Magazine also released Local Leaders data on the top 10 builders in the top 50 largest new-home markets in the U.S. (ranking determined by the number of single-family permits) (Figure 1). The 2022 data shows that the top 10 builders in each.

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Marketing 173

Real Estate News

JUNE 22, 2023

Errol Samuelson, chief industry development officer, explains how Zillow plans to stay on top in a growing crowd of real estate portals and agent services.

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Agents Real Estate Development 279

Inman

JUNE 23, 2023

Join us this summer at Inman Connect Las Vegas — the transformative event that empowers real estate professionals to proactively position themselves for growth and seize the moment.

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Housing Wire

JUNE 22, 2023

Mortgage rates declined again this week following the Federal Reserve ‘s recent pause on monetary tightening. However, rates on home loans remain at elevated levels compared to last year and that pause looks temporary. What should we expect from the summer home-buying season? The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.67% as of June 22, down from last week’s 6.69%.

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Eyes on Housing

JUNE 21, 2023

The Top 10 builders captured 43.2% of new single-family home closings (i.e., sales) in 2022, the highest percentage on record based on data released by BUILDER Magazine; this is a 9 percentage point increase from 2021, the largest year-over-year increase since NAHB’s tracking began in 1989. This share represents 276,941 closings out of the 640,500 new single-family home sales reported.

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Real Estate News

JUNE 23, 2023

Harvard's annual housing report found little change in the racial homeownership gap as prices rise and supply stagnates, but federal programs may help.

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Inman

JUNE 22, 2023

If you're just starting out, here's how to choose your investment property and increase its value for maximum return on investment.

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Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. On Monday, homebuilder confidence moved into positive territory for the first time in nearly a year, while Census data on new residential construction showed housing starts rose 21.7% from April, and up 5.7% from May 2022, to 1.63 million.

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George Dell

JUNE 21, 2023

Standards: Credible v Reliable. Editor’s Note: This is Standards, part 3.4 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Here, we specifically note how the goal of having valuation standards can be updated to reflect today’s complete data, and computation analytics can be optimized for […] The post Move to EBV?

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Valuation 150

Real Estate News

JUNE 22, 2023

Numbers are still far below where they were a year ago, and inventory gains are largely due to the "abundant" supply of newly constructed homes.

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Inman

JUNE 22, 2023

Home-flipping activity remained high during the first three months of the year after a sharp drop. Profits also rose slightly, according to property data firm Attom.

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Investing 166

Housing Wire

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Total existing home sales rose 0.2% from April to a seasonally adjusted annual rate of 4.30 million in May. Year-over-year, sales dropped 20.4% from 5.40 million in May 2022.

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GoForrmz

JUNE 22, 2023

Heat-related illnesses are preventable, but still on the rise Heat-related illness, injury, and death may seem like a blatant risk factor for jobs in agriculture, construction, or even manufacturing. Still, it affects workers year-round in different parts of the world. While farm and ag workers are 35 times more likely to die from heat-related illness than workers in other industries, it’s not limited to just that space.

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Real Estate News

JUNE 21, 2023

Your choice of brokerage can have a big impact on your career. There are plenty of good reasons (and some not-so-good ones) to consider making a change.

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Inman

JUNE 20, 2023

Self-storage and real estate investments provide returns and benefits that traditional investments may not offer, making them an attractive option for investors looking to diversify their portfolio and generate steady income.

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Housing Wire

JUNE 20, 2023

June is National Homeownership Month. It is a month when we celebrate the American Dream of homeownership and reflect on the current challenges that homeowners are facing today. The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment. During this National Homeownership Month in particular, homeowners should be wary of a new business practice preying upon vulnerable homeowners — non-title record

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Realvals

JUNE 18, 2023

In today’s dynamic market, there are many situations where you may need a real estate appraisal. An appraisal provides you with the clearest understanding of the value of your real estate. Whether you are buying, selling, or refinancing, an appraisal helps you make well-informed decisions in the process. By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property.

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Real Estate News

JUNE 20, 2023

The latest paint color analysis from Zillow finds that buyers are willing to pay more for a home with dark gray and earth-tone walls.

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Buyers 264