Housing Wire

JUNE 4, 2021

Thomas Title & Escrow, a full-service commercial title company, was founded in 2006. The company also bought NotaryCam , Pro Tek Valuation Intelligence , and United States Appraisals in March. Stewart Information Services Corporation , a subsidiary of title giant Stewart Title , has acquired Arizona-based Thomas Title & Escrow.

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Appraiserblogs

JUNE 22, 2022

Home appraisal came under scrutiny for contributing to the home-price bubble and enabling the origination of risky mortgages that led to the post-2006 foreclosure crisis. Subsequent regulations tried to minimize or eliminate conflicts of interest and improve valuations. Related Posts: Are AMCs Value-Adding?

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Housing Wire

NOVEMBER 30, 2020

In September, CoreLogic’s Case-Schiller home price index saw the greatest year-over-year gain since 2014, and climbed nearly 23% higher than its last peak in 2006 as multiple economists forecasted prices to continue their upwards growth.

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Willowbrook Valuation

APRIL 10, 2023

Interest rates haven’t been this high since May 2006. Investors are another factor to consider. […] The post Assessing the Impact of High Interest Rates on the Commercial Real Estate Industry appeared first on Willowbrook Valuation & Advisory Services.

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Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S. The September increase was also greater than the 4.8%

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Housing Wire

FEBRUARY 8, 2022

There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said. Kroll Bond Ratings Agency , in a January 2022 pre-sale report, said they gave a “broad valuation haircut” to all loan pools with appraisal waivers.

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Housing Wire

MARCH 28, 2022

Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online. For instance, Opendoor was founded in 2014 to make buying a home more efficient – or as they say “reinvent life’s most important transaction.”

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Housing Wire

JULY 29, 2022

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. Naples-Immokalee-Marco Island, FL 53.0% -16.7% Bellingham, WA 51.7% -8.3% Santa Fe, NM 48.9% -4.7%

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Housing Wire

NOVEMBER 4, 2022

Appreciating the correlation between changes in HPA and reported MMI Fund portfolio valuations is the key to understanding how quickly the financial performance of the MMI portfolio can change. The MMI Fund calculations are such that a modest 1% reduction in HPA reduces the capital ratio by 1.26 percentage points.

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DW Slater Company

MAY 4, 2021

Many things have changed since I first began in 2006! I know that there are many that have grave concerns over the future of our profession, but I have confidence that there will also be a need for an expert in the field of valuation. I still love all of these things about being a real estate appraiser.

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Housing Wire

AUGUST 21, 2023

1,943 EmpowerHome 289% 2006 A partner to real estate teams and agents, offering exclusive programs to ensure sellers get top dollar for their properties. Miami-based Marketwise Valuation Services , another AMC, was No. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry. Source: Inc.

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Valuation Review

DECEMBER 20, 2021

In 2006, Congress enacted legislation allowing a deduction for MI premium payments, and although this provision has been extended due to its importance to middle-class homeowners, it currently remains temporary.

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Valuation Nation

JANUARY 27, 2020

While not specific to the valuation profession it is yet another instance of the public sector grabbing private documents and placing them into regulations and codes. Incorporation by reference is the major premise of what Mr. Bagott is writing about and in this update, he is looking at the Texas Railroad Commission.

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McKissock

JULY 11, 2022

Harrison, in the Fall 2006 issue of his Real Estate Valuation Magazine Online, included an article titled “Let’s Resuscitate the Cost Approach.” Performing the cost approach and citing its importance in our reports helps keep appraisers in the valuation game. Reasons for “resuscitating” this approach.

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McKissock

SEPTEMBER 7, 2021

have experienced “over-valuations” nearing 30%. So many appraisers missed the early signs in the last boom’s bust that resulted in claims (valid or not) of over-valuations followed by lawsuits, E&O insurance claims, and regulatory disciplinary actions. Recently various areas across the U.S. in the past year.

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Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. VA Approves Desktops and Exterior-Only Appraisals.

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McKissock

SEPTEMBER 1, 2020

Here are a few examples of atypical market conditions: The 2006–2008 market bust, in which U.S. This will help you avoid the automated review bells and whistles when trying to explain a complex property and valuation on a limited form. Contingent Valuation Method (CVM). Another method is the Contingent Valuation Method (CVM).

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Empire Appraisal Group

OCTOBER 28, 2021

In the mortgage market of 2006, there was a proliferation of high credit risk mortgage products, while about one-third of all mortgages were low or no-documentation loans or subprime loans, says Frank Nothaft, chief economist for CoreLogic. “It An underbuilt market is one of the factors helping sustain valuation in the hot housing market.

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Clear Capital

DECEMBER 6, 2022

I worked in the family office in high school and college, completed appraiser licensing courses, became licensed in 1999, and Certified Residential in 2006. My father and older brothers were appraisers, so as far back as I can remember, the appraisal world surrounded me. – What do you like about working with Clear Capital the most?

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Appraisal Today

DECEMBER 2, 2022

which can relate to valuation. Built in 1961 (renovated in 2006 by architect Hal Hayes), 3 bedrooms, 2 baths, 2100 sq.ft. He remembered me from Valuation 2000. I did my Appraisal Today National Conference from 2001 to 2006 and learned a lot about doing national appraisal conferences. To read the letter (PDF), click here.

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Appraisal Today

JUNE 10, 2022

Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal.

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Appraisal Today

OCTOBER 7, 2022

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. percent last week – the highest rate since 2006,” said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting. Eleven percent cite evaluations (non-appraisal opinions of value).

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Appraisal Today

OCTOBER 14, 2022

Inventory levels have an impact on property valuation, at least in the short term. percent, the highest level since 2006. The second thing, and most everyone who is tracking this data already knows this, is that this data and the indexes that spring from them are all lagging indicators of the health of a given market.

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