Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more!

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. No inspections or appraisals? USPAP and the Contract.

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Appraisal Today

JULY 15, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Cubicasa, Desktops, FHA, unusual homes, mortgage origination stats, etc. ==. Is A Cubicasa Scan an Inspection? Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection. Remember 2008?

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

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Cleveland Appraisal Blog

MARCH 18, 2021

When I made my inspection, I measured the property. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. What if my appraisal report, mysteriously came in at the same price as the contract price? . The buyer would immediately be upside down on their mortgage.

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Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. This is not 2021 or 2020, or even early 2020 , but it certainly isn’t 2008 either and there isn’t a crash on the horizon.

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Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. I request any reports, such as termite or home inspection, even old reports, but rarely get them. I never use the terms.

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Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. Mortgage applications decreased 0.8

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Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” That’s a step towards mortgage insurance fraud and a lost license. The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.”

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Appraisal Today

SEPTEMBER 23, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc. In a May 13 letter to the House Veterans Affairs Committee, AI noted, “We believe the VA appraisal process is sound and deserves broad support by the mortgage and housing sectors.

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Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. NOTE: Please scroll down to read the other topics in this long blog post on State board complaints, non-lender appraisals, mortgage forecast, real estate market changes, unusual homes, mortgage origination stats, etc. ==. This is definitely not a repeat of 2008. ==.

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Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

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Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). As home prices increase over time, it lowers the loan value of any mortgage debt. However, while this is technically true, it is not accurate.

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Will Springer Realtor

MAY 13, 2024

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. About three-quarters of the 459 residences are under contract with a target opening late this year.

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Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. They reused the same playbook that they used for several years after 2008.

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Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Remember: real estate is hyper-local!

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Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful.

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Assurance Financial

NOVEMBER 9, 2021

This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008. Tips for Selling in a Seller’s Market.

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