Terrible Real Estate Agent PhotosJust For Fun!!Most Excellent Photos and Very Creative Captions!!
Very, very funny and weird!!
You just gotta see them! Cannot be described.
Covid-19 Residential Appraisers Tips on Staying Safe For Covid Updates, go to my Covid Science blog at covidscienceblog.com Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on USPAP, Appraiserville, mortgage rates in 2018, mortgage origination stats, Covid tips for appraisers, etc.
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10 Homes for Under $100kHere are a few:
1701 Cleveland Ave, Waco, TX Price: $97,000
1724 Myrna Ln, Memphis, TN Price: $85,000
94-6428 Palaoa Rd, Naalehu, HI Price: $92,000
Click on each one for the full listing info. They are not all fixers or tiny homes!!
Check them out at:
My comment: I want the Hawaii house ;> |
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Mortgage rates to increase past 4.5% in 2018One expert predicts rates could hit 5% markExcerpt: As mortgage rates usually follow the Treasury Yield, the federal funds rate sets the tone for the direction mortgage rates will take.
The Mortgage Bankers Association predicted mortgage rates will increase, but they will stay below 5%.
“The Federal Reserve has begun reducing its holdings of Treasury securities and mortgage backed securities, and this will put additional, modest upward pressure on mortgage rates,” MBA Chief Economist Mike Fratantoni said. “We expect that the 10-Year Treasury rate will stay below 3% through the end of 2018, and 30-year mortgage rates will stay below 5%.”
The MBA predicts rates will increase to 4.6% in 2018, 5% in 2019 and 5.3% in 2020.
My comment: I love my 3.5% mortgage rate!! I don’t think that rates were ever that low in the past, except they have been slightly lower in recent years.
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Is it jUSt PAP? – Part 1By Barry Bates
Excerpt: My central thesis today, children, is still that a bunch of crusty old MAIs and soulless bank appraisers saw an opportunity in 1986 to create a bureaucracy that funds free trips to meetings where crusty old MAIs and soulless bank appraisers can assemble to get pleasantly drunk. This entity became The Appraisal Foundation, an organization designed to foster high appraisal standards that are written in weasel words even Donald Trump could circumvent.
Click here to read more and leave a comment!
My comment: Barry Bates has been writing a monthly article for the paid Appraisal Today since May 2017 and was a contributor in the past. I will be publishing very brief excerpts from in my blog: controversial, humorous and really Out There comments from his 42 years of appraising ;> This is the first blog post. |
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Appraiserville, Jan. 5By Jonathan Miller
Looking back at the appraisal industry in 2017 excerpt: The AMC grip on our industry formed cracks after the misleading “appraisal shortage” narrative was crushed by our providing enlightened economic facts.
Just say NO (superfluous addenda requests, etc) excerpt: Life is too short. Don’t put up with what isn’t right.
Worthwhile reading. Check out the full commentary at:
My comment: Scroll down past the commentary, graphs, videos, etc. to Appraiserville. Stop at some interesting stuff along the way down..
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The Top 16 High-Risk Housing Markets
Excerpts: In order to determine whether a market is a high, normal, or low risk, the report analyzes several economic factors. The first is a comparison of home prices using CoreLogic’s Home Price Index and the long-run sustainable levels that can be supported by local fundamentals, such as disposable income.
The second factor considered is the appreciation of home prices relative to rents-as renting is an alternative to homeownership-and if home prices veer too far from rents, then it is eventually due for a correction. The final factor is if housing flipping is too high…
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Top 10 housing markets of 2018
Only one California city makes the list
Excerpt: “People are going to continue to seek out pockets of affordability that remain in the market,” says Danielle Hale, chief economist of realtor.com. “A lot of these places are more affordable than surrounding areas, yet still have strong economies. Even though prices are expected to grow, most of these markets will still remain relatively affordable in 2018.”
So which will be the hottest markets in 2018? Be prepared for some surprises.
My comment: Stockton CA is one. About 70 miles east of me but 2 hour+ commute to work. Median home price: $385,050. Median price in Bay Area: $850,000. ========================
Luxury Homes Market – Year in Review 2017
Excerpt: So although 2017 was another strong year for the luxury housing market, it was outperformed by the U.S. market overall. Age of inventory in the top 5 percent of the market slowed significantly over last year – a tell tale sign that the luxury sector as a whole has weakened. Much of this slowing can be attributed to a wider selection of luxury homes for buyers and increased uncertainty over the last 12 months.
Unlike the rest of the housing market, luxury homes did not experience an inventory shortage at the same rate as the rest of the country. Nationally, we actually saw more luxury homes entering the market, up 3.4 percent compared to 2016.
https://www.realtor.com/research/luxury-homes-market-year-review-2017/ |
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HOW TO USE THE NUMBERS BELOW. Appraisals are ordered after the loan application. These numbers tell you the future for the next few weeks. For more information on how they are compiled, go to www.mbaa.org
Note: I publish a graph of this data every month in my paid monthly newsletter, Appraisal Today. For more information or get a FREE sample issue go to https://www.appraisaltoday.com/products.htm or send an email to info@appraisaltoday.com . Or call 800-839-0227, MTW 7AM to noon, Pacific time.
Mortgage applications up 8.3%Wednesday, January 10
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