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- Shannon Slater Blog
- Ryan Lundquist Blog
- WSJ
- Rachel Massey Blog
- Mary Thompson Blog
- Jamie Owen Blog
- Portland Appraisal Blog
- Bryan Lynch Blog
- Tom Horn Blog
- HousingWire Valuation
- Working RE Magazine
- McKissock
- DSNews
- HousingWire Servicing
- Mortgage News Daily
- MReport
- Appraisal Institute
- NAR
- Rob Chrisman
- NAHB
- Consumer Home Value
- NAR - The Voice for Real Estate
- Bill Cob Blog
- Dustin Harris Blog
- NREP
- RAC Blog
- Calypso Blog
Ryan Lundquist Blog
It’s just NOT a cash market like…Investors are playing the market like Monopoly and buying everything in sight… Well, that’s what many sellers think. But it’s not true. Like many markets across the country, in Sacramento we’re actually seeing significantly less cash today than during the heyday of investor activity a few years back. The Big Takeaway: It’s not an aggressive […]- The booming FLAT market & rate addictionThe market is getting hotter, but it’s also pretty flat. Let’s talk about this as well as low rate addiction. Then for those interested I have a huge local market update. Two things: 1) Competitive but flat market: The spring market is definitely competitive. Real estate agents are saying it’s “hot” and they’re right because […]
- It might not be an appraiser at… NewIt’s happening. It might not be an appraiser who shows up for the appraisal inspection. I’ve been talking about the potential of “hybrid” valuations like this, and now they’re here. The gist is somebody besides the appraiser inspects the property and then gives the inspection details to the appraiser to do the “value part” (without […]
WSJ
Rachel Massey Blog
- April 1, 2019 Washtenaw County market snapshot4/1/19 Mixing up my monthly run related to how the market is doing (not looking at prices, only supply and absorption). The current monthly stats, run today, show most markets with limited inventory compared to the past 12-months sales, with only Dexter and Saline running over three months’ worth of inventory. Both of these markets … Continue reading "April 1, 2019 Washtenaw County market snapshot" The post April 1, 2019 Washtenaw County market snapshot appeared first on annarborappraisal.
- Belser Estates and Chelsea RidgeBelser Estates and Chelsea Ridge Description Belser Estates and Chelsea Ridge are connected to each other through common streets, and tend to function as one neighborhood. The neighborhood is made up of two phases of Belser, plus Chelsea Ridge site condominiums. Belser Estates had 28 sites in the first phase and 46 sites in the … Continue reading "Belser Estates and Chelsea Ridge" The post Belser Estates and Chelsea Ridge appeared first on annarborappraisal.
- March 1, 2019 Washtenaw County updateWashtenaw County market activity as of 3/1/19 Hello Ann Arbor area Realtors! In some of our markets, it is evident spring has sprung and agents are busy and the market hopping. In other markets, there does seem to be less activity, but overall, we are off to a great start of the year. Since I … Continue reading "March 1, 2019 Washtenaw County update" The post March 1, 2019 Washtenaw County update appeared first on annarborappraisal.
Mary Thompson Blog
- 10 years as an Active Rain Blogger!!I started to look back at my Active Rain blog to see how long I have been blogging! 10 years ago in February 2009 right here on Active Rain. Wow time flies when you are having fun. It has been a nice journey. Just thought I would share. Have a great weekend everyone!
- Offer Pad, Open Door - are they… NewWith all the alternatives to selling Real Estate, Companies like Open Door, Offer Pad, Knock.com, etc. have entered our market. So what does this mean FOR the market and appraisals? One could argue they are creating a NEW market. This is BAD news for other sellers because we all know that they purchase homes at below market values to make a profit on resale. But what if they infiltrate our market and Appraisers have no other sales to use when they are appraising other properties? This could be a problem. Hopefully when they resell the home they do so quickly…
- What do Appraiser's do after they leave…What do Appraiser's do after they leave my home? Share with your Sellers as they need to know what goes on behind the scenes. Thank you for stopping by!
Jamie Owen Blog
- In Real Estate, Sometimes Less Is MoreIs it possible for a home with a considerably smaller lot actually have a higher value than one with more land? Yes! I explain how this can happen in this article.
- If You Price Your Home Like Fro-Yo,…Many home owners and real estate agents price homes based soley upon a price per sq. ft. metric. This method can work, but it's an easy way to get it wrong! I discuss this in my article.
- Is It a Condo, a Townhouse, or…Have you ever wondered what the difference is between a condo and a townhouse? Can a property be both? What are the differences? How can you figure out if a property is condo or not? Please read my article to find out.
Tom Horn Blog
- Is The Agent Liable If No Appraisal…What Do You Mean I Don’t Need An Appraisal? With the growing trend of non-traditional appraisal products such as Property Inspection Waivers (PIW’s) as well as cash sales, a question that has been raised is whether real estate agents can be held liable if no appraisal is done. Today I’m going to discuss the concerns […] The post Is The Agent Liable If No Appraisal Is Done? appeared first on Birmingham Appraisal Blog. Related posts: Mega Agent Collier Swecker discusses pre-listing appraisals Should I Get A Property Inspection Waiver? Your Appraisal May Not Be As Accurate As You Think
- 7 Things Buyers Should Know About PIW’s…Caveat Emptor I’ve been writing about property inspection waivers (PIW’s) and hybrid appraisals recently and thought I would highlight some of the most important things that buyers should know to protect themselves. If you are curious about what PIW waivers and hybrid, or bifurcated appraisals are, check out my earlier posts. Today I want to […] The post 7 Things Buyers Should Know About PIW’s & Hybrid Appraisals Or You’re Screwed appeared first on Birmingham Appraisal Blog. Related posts: Your Appraisal May Not Be As Accurate As You Think What is an appraisal contingency and why is it more important…
- The Importance Of Accurate MLS InformationAccurate MLS Information Is Necessary For Reliable Appraisals Have you heard the old saying “garbage in garbage out”? Do you know what it means? It basically means that the quality of output is determined by the quality of input. In appraising this means that the quality of our appraisal results is a direct result of […] The post The Importance Of Accurate MLS Information appeared first on Birmingham Appraisal Blog. Related posts: What qualitative analysis is and how agents can use it to price their listings 5 Reasons Birmingham, AL area home sellers should order a floor plan sketch 5…
HousingWire Valuation
The HGTV effect: 60% of home shoppers…About 60% of people looking to buy a home are willing to consider a property that needs renovating as rising prices make it harder to afford a turnkey listing, according to Realtor.com. Most of them were inspired to take on the projects by watching TV home renovation shows on networks like HGTV, according to the report.- Class Valuation snatches up another AMCClass Valuation, a real estate collateral valuation and appraisal management company, has acquired Janus Valuation & Compliance. The deal is the second AMC acquisition the Michigan-based 2019 Tech100 winner has made in the last six months and one of several big steps Class Valuation has taken since it was acquired by Narrow Gauge Capital in March 2018.
- Here are the HousingWire 2019 Tech100 winnersHousingWire's Tech100 nominations continue to grow more competitive each year, and this year was no exception.
Working RE Magazine
- The Power of Praise NewInstead of only providing feedback when something is missing, provide some feedback for an appraiser who has gone out of their way to do work that exceeds expectations. The post The Power of Praise first appeared at Working RE Magazine.
- My Complaint with Complaints NewIt made me wonder whether the complaint process is an effective way to maintain appraisal standards or simply a means for disgruntled unintended users to get revenge. The post My Complaint with Complaints first appeared at Working RE Magazine.
- Appraisal Regulatory Modernization: Idea Whose Time Has… New“One of the best courses that I have had in 17 years!” -Amy H. Supporting Your Adjustments CE (7 Hrs.) Education designed to help you appraise worry-free and earn higher fees. Appraisal Regulatory Modernization: Idea Whose Time Has Come By Stephen S. Wagner, MAI, SRA, AI-GRS A home purchase is one of the most […] The post Appraisal Regulatory Modernization: Idea Whose Time Has Come first appeared at Working RE Magazine.
McKissock
- How Drones Can Add Value to Your…The FAA recently relaxed aviation laws for low-flying drones, which presents a tremendous opportunity for real estate appraisers. Drones can give you an edge over the competition and make your job easier. They can assist with a wide variety of tasks, including roof inspections, property feature fly-overs, and panoramic views of a property or home. […] The post How Drones Can Add Value to Your Appraisal Practice appeared first on McKissock Learning.
- Is the Luxury Real Estate Market Slowing? NewNews media across North America has created its own winter storm regarding the luxury real estate market. Headlines are clashing with each other, from the New York Times claiming that the luxury market is in a funk to BNN stating that it will bounce back but at a slower pace. Meanwhile, Forbes recommends watching the […] The post Is the Luxury Real Estate Market Slowing? appeared first on McKissock Learning.
- Appraisers Share Which Types of Property They’d…Specializing in a particular property type is a great way to gain success as an appraiser. It also gives you the opportunity to do more work in an area that interests you. We recently asked our appraisal community, “What kind of property would you MOST want to appraise (assuming you were fully qualified)?” Here’s a […] The post Appraisers Share Which Types of Property They’d Love to Appraise appeared first on McKissock Learning.
DSNews
- FHFA’s Plan for Fannie and Freddie NewFHFA Director Mark Calabria is looking to take the GSEs out of conservetorship. Here's how he plans to start. The post FHFA’s Plan for Fannie and Freddie appeared first on DSNews.
- Delgado & HUD’s Carson Discuss Housing Industry… NewAt the tenth annual Five Star Government Forum, leaders from the mortgage industry and the federal government engage in an open dialogue about the most pressing issues facing the industry. The post Delgado & HUD’s Carson Discuss Housing Industry Challenges appeared first on DSNews.
- Eye on Mortgage Delinquencies NewMarch is typically one of the strongest performing months, with the lowest number of delinquencies. Did March 2019 keep up with the trend? The post Eye on Mortgage Delinquencies appeared first on DSNews.
HousingWire Servicing
- Black Knight: Interest rate drop led to… Mortgage interest rates dropped throughout the month of March, culminating in interest rates closing out the month with the largest single-week decline in 10 years. As of the end of March, mortgage rates were at their lowest point since January 2018. And as one might expect, that drop in mortgage rates led to a massive increase in mortgage prepayments in March, according to a first look at March’s mortgage data from Black Knight.
- Here’s how to win the HousingWire Women…It’s that time of year again – the time when we celebrate how women have changed the housing industry, paved a path for those who came after them and continue to lead the industry. But before you nominate your candidate, click the headline to take a look at answers to frequently asked questions and a few tips on how to win the award.
- Non-QM commercial product expands opportunities for brokers…Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Will Fisher, senior vice president of loan origination at Citadel Servicing, to learn more about Citadel's Non-QM product, ODF+ program.
Mortgage News Daily
- Subservicer Products; Vendor Updates - Raising Money,… NewShould small, non-depository mortgage bankers be concerned about big banks renewing their interest in FHA loans? Probably. Bank of America is promoting its $0 origination fee FHA & VA programs. Speaking of low down payments, we have last week’s Mortgagee Letter 19-06. Bloomberg ran a story about “cracking down on no money down home loans,” and lenders reacted. For example, California’s Land Home Financial let clients know, “LHFS will be temporarily suspending all FHA GSFA, FHA CalHFA and FHA Within Reach Down Payment Assistance programs. This will include any state Housing Finance Agency, or city or state program where the…
- Non-QM, HELOC Products; Specified Pool Primer; LO… NewRemember NINA loans from 10-15 years ago where the lender would purposely discard anything in the file dealing with income because underwriters didn’t want documentation? Several lenders are now promoting no income, no asset non-owner loans. For example, 360 Mortgage is now promoting its NINA investor loans. We’re at the point where borrowers must prove that they won’t live there. (Speaking of rent, Quicken Loans has its new VRBO income program.) What if you don’t anyone to know where you are, physically? Sorry, “they” know where you are all the time. Authorities have obtained search “geofence” warrants that require Google…
- Paper on FHA Changes; Tech Report; Compliance… NewExperienced originators know that lending is a numbers game. Every 100 cold calls result in 20 conversations, which result in 5 potential leads, which result in 1 closed loan. Or whatever personal ratios are. Not only that, but there is a 2-4-month lag time between those 100 calls and any funded loans that come from making them so good LOs have been laying the groundwork for summer for a quite some time. But speaking of two months, from St. Louis Mike Swaleh reminded me that the revised Uniform Closing Dataset (UCD) Seller data requirements will be effective on June 24,…
MReport
- Could ‘Leftovers’ Be Impacting the Housing Market? NewThe number of new home listings has declined year-over-year in the past four months, despite an increase in the total of for-sale inventory, according to a new report by Zillow. The report states that new listings fell 6.1% since March of 2018, while the overall inventory in the U.S. rose 1.2%. Homes are also staying ... The post Could ‘Leftovers’ Be Impacting the Housing Market? appeared first on theMReport.com.
- The Future of GSE Conservatorship NewAs Director of the FHFA, how does Mark Calabria plan to take Fannie and Freddie out of conservatorship and into private hands? The post The Future of GSE Conservatorship appeared first on theMReport.com.
- HUD’s Carson Keynote Opens Annual Government/Mortgage Industry… NewThe mortgage and housing industry’s most pressing issues were discussed during an open dialogue between leaders from the federal government and the mortgage industry during the tenth annual Five Star Government Forum. The post HUD’s Carson Keynote Opens Annual Government/Mortgage Industry Event appeared first on theMReport.com.
Appraisal Institute
- Industrial Sector Still Favorable to Investors, Despite…Investors still view the industrial sector favorably, despite labor shortages and global trade tensions — ongoing trade talks between the U.S. and China could greatly reduce demand for industrial real estate if no deal is reached, according to real estate services firm Colliers International, Nation [...]
- Proposed Rules for Foreign Banks Favorable, Fed… NewThe Federal Reserve on April 8 proposed new rules for foreign banks that would categorize the institutions based on risk to the financial system, MarketWatch reported. The new requirements would separate liquidity rules from capitalized subsidiaries for the institutions, boosting liquidity threshold [...]
- Fed Says More Rate Hikes Possible If…The Federal Reserve’s Federal Open Market Committee voted against a rate increase at its April 10 meeting, but minutes indicate that they would consider such a move if the economy steadily improves, CNBC reported. Any future rate hike isn’t expected until at least 2020.
NAR
- NAR Comments on Appraisal ThresholdNAR submitted comments to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) on a the threshold for requiring an appraisal in commercial real estate transactions to $400,000 from the current level of $250,000.
- The Voice for Real Estate 94: Shutdown…A review of IRS guidance on rental income and the 20% income deduction. Plus, Vince Malta speaks before the House Financial Services Committee.
Rob Chrisman
- Apr. 23: CFO, lobbying, LO, AE jobs;… NewShould small, non-depository mortgage bankers be concerned about big banks renewing their interest in FHA loans? Probably. Bank of America is promoting its $0 origination fee FHA & VA programs. Speaking of low down payments, we have last week’s Mortgagee Letter 19-06. Bloomberg ran a story about “cracking down on no money down home loans,” […]
- Apr. 22: Credit risk, LO, AE jobs;… NewRemember NINA loans from 10-15 years ago where the lender would purposely discard anything in the file dealing with income because underwriters didn’t want documentation? Several lenders are now promoting no income, no asset non-owner loans. For example, 360 Mortgage is now promoting its NINA investor loans. We’re at the point where borrowers must prove […]
- Apr. 20: Update on move away from… NewHappy 420 day! (And “Happy Surprise Drug Test Day” tomorrow!) More and more people in more and more states understand what that signifies. And there is gradual pressure to change the Federal view of marijuana use. But until that changes, Federal entities (like Fannie & Freddie) and nationally-chartered banks, will continue to not count income, […]
NAHB
- New Home Sales Rise in March with… NewContracts for new, single-family home sales increased almost 5% on a monthly basis to a 692,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The months’ supply number improved to 6.0, which indicates the market is stabilizing after the fall off in sales last Fall due to higher interest rates. The... Read More ›
- Existing Home Sales Declined in MarchAfter a strong gain in February, existing home sales, released by the National Association of Realtors, fell back in March despite lower interest rates and a strong labor market. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, declined 4.9% to a seasonally adjusted annual rate of 5.21 million in March. On a year-over-year basis, sales were 5.4%... Read More ›
- Housing Construction Weakness Continued in MarchAccording to a estimates from the U.S. Housing and Urban Development and Commerce Department, single-family starts continued to show weakness in March, despite the recent stabilization in the NAHB/Wells Fargo Housing Market Index (HMI). After downward revisions made to the February data, single-family starts were down 0.4% to a 785,000 seasonally adjusted annual pace in March, the lowest such rate... Read More ›
Consumer Home Value
- How I Handled 15 Showings in 3… Once upon a time we were a family of four living in Houston. At that time, our brood was 1 sleep deprived stay-at-home mom, 1 overextended dad, a calm ... The post How I Handled 15 Showings in 3 Days with 2 Kids and 2 Dogs appeared first on ConsumerHomeValue.com.
- Why do I feel like somebody’s watching… NewOriginally posted on DW Slater Company Blog Mary and Tom had purchased their dream home about a month ago. The new drapes that Mary special ordered had come in ... The post Why do I feel like somebody’s watching me? appeared first on ConsumerHomeValue.com.
- How will adding solar panels affect your… NewOriginally posted at Herring Consulting Company Blog There are a wide array (pardon the solar pun) of factors to consider when tasked with solar photovoltaic (PV) system valuation. This ... The post How will adding solar panels affect your appraisal? appeared first on ConsumerHomeValue.com.
NAR - The Voice for Real Estate
- The Voice for Real Estate 97: Self-employed…Agents earning commission income should find lenders more receptive to their home loan applications. Fannie Mae and Freddie Mac have made changes to their automated underwriting program to make it less risky for lenders to consider these mortgage loan applications. This edition of The Voice for Real Estate is sponsored by the REALTOR Benefits® Program.
- The Voice for Real Estate 96: Ad… NewNAR's 2019 national ad campaign showcases REALTORS®' commitment to their Code of Ethics and advocacy work on behalf of communities. Recent changes to tax deductions are hurting housing affordability for new buyers. Get help on identifying whether an email that looks to be from NAR is real or a scam, and more.
- The Voice for Real Estate 95: Mortgage… NewTo protect 30-year, fixed-rate mortgages, Fannie Mae and Freddie Mac should be given new charters that turn them into utilities with private shareholders and federal backing for catastrophic losses, NAR says. The association's proposal was introduced at a policy forum it hosted in early February.
Bill Cob Blog
Dustin Harris Blog
- Can the Same Form Have More Than…Lots of folks have asked me, “Dustin, can I appraise two different properties on the same appraisal report at the same time?”. Now understand I am not a USPAP instructor, ... Read More
- Protecting Against Embezzlement in Appraisal Office DelegationMany of you know my method when it comes to delegating in my appraisal business and even in my personal life. I first know what I am worth per hour; ... Read More
- Hire Slowly and Fire QuicklyAs part of your appraisal business, how slowly should your hire? How quickly should you fire? Since we are human, we tend not to look at hiring someone to fill ... Read More
NREP
- Loan Officers Dumping Zillow Loan Officers Dumping Zillow The post Loan Officers Dumping Zillow appeared first on National Real Estate Post.
- Loan Officers Furious with ZillowLoan Officers Furious with Zillow The post Loan Officers Furious with Zillow appeared first on National Real Estate Post.
- Zillow Glitch Rattles Loan OfficersZillow Glitch Rattles Loan Officers The post Zillow Glitch Rattles Loan Officers appeared first on National Real Estate Post.
Calypso Blog
- Increase income streams, reduce liability, and save…By Francis X. (Rich) Finigan Copyrighted © 2019 Calypso Continuing Education™ As real estate appraisers, we are interested in determining how a set of characteristics, such as the number of baths, bedrooms, or GLA etc. relate to the value of a property. Our appraisals contain bold claims that the adjustments we make on the [...]
- Mold_Dodd-Frank_Natural DisastersDodd-Frank, Natural Disasters, and What You Need to Know about Mold What do you know about mold? Where are the alligators lurking, as flood waters abate? Do you think you have third party liability to borrowers? If you think “no”, think again and keep reading, because there are the alligators, along with their attorneys, lurking [...]
