Appraisal Buzz

JULY 18, 2022

from the prior year and the fewest number of homes bought since 2009, when NAR began tracking this data. The post Foreign Investment in Existing Homes Ends Multi-Year Slide, NAR Reports appeared first on Appraisal Buzz. Foreign buyers purchased 98,600 properties, down 7.9%

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Appraisal Buzz

JUNE 20, 2022

The housing market cooled considerably as mortgage rates climbed to their highest levels since 2009. The post With Mortgage Rates Rising, Home Sales Decrease by 3 Percent in May, Redfin Reports appeared first on Appraisal Buzz.

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Mortgage Housing Market Appraisal Marketing 195

Appraisal Buzz

NOVEMBER 30, 2021

trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin. The post Selling Your House for Bitcoin appeared first on Appraisal Buzz. The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9

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Appraisal 195

Valuation Review

JANUARY 31, 2022

Supreme Court remanded to the United States Court of Appeals for the Fourth Circuit the class action lawsuit decided in favor of borrowers alleging tainted appraisals. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans, now Rocket Mortgage, originated from 2004 to 2009.

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Appraisal Buzz

NOVEMBER 30, 2021

trillion in equity gains—but this rise has been overshadowed by an asset that has only existed since 2009: Bitcoin. appeared first on Appraisal Buzz. The housing market’s unfettered rise over the last year has been nothing but historic as homeowners have now realized over $2.9 appeared first on DSNews.

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Appraisal 195

Appraisal Buzz

JULY 18, 2022

While NAR found an uptick in homes purchased by international buyers over the past year, that total declined to 98,600, the fewest number of sales recorded by this segment since 2009. Properties appeared first on Appraisal Buzz. The post Foreign Buyers Rebound, Purchase Nearly $60B in U.S. Properties appeared first on DSNews.

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Buyers Appraisal 150

Appraisal Buzz

SEPTEMBER 10, 2021

He has also held numerous positions on the executive committee of the New York State Land Title Association, including president in 2009-10, and is a proud member of the Charitable Works Committee for the past. The post Stewart Title Hires John Piccirillo as SVP, Agency Services for New York appeared first on Appraisal Buzz.

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Real Estate Appraisal 195

Appraisal Today

MARCH 22, 2024

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. baths, 17,878 sq.ft.,

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Appraisal Contracts Business Insurance 66

Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

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Appraisal Law Valuation Home Value 399

Appraisal Buzz

MAY 5, 2022

Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009,” says Sam Khater, Freddie Mac’s chief economist. Percent appeared first on Appraisal Buzz. A year ago at this time, the 30-year FRM averaged 2.96%. The post Fixed-Rate Mortgage Increases by an Average 0.17

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Mortgage Appraisal Marketing 150

Appraisal Today

DECEMBER 29, 2023

Understanding Functional Obsolescence in Appraisals By: McKissock Excerpts: For appraisers, functional obsolescence can be a challenging concept because the elements that influence property values may not be obvious or immediately apparent. To read more, Click Here My comments: All appraisers see functional obsolescence.

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Appraisal Design Business Modernization 77

Appraisal Today

AUGUST 25, 2023

What’s the Average Real Estate Appraiser Salary? Excerpts: On average, appraisers earn $102,620 a year. However… the average appraiser salary varies significantly across license levels. Trainee appraisers earn an average annual income of about $53K. Licensed appraisers earn approximately $89K per year.

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Appraisal Real Estate Agent Agents Real Estate 76

Appraisal Today

FEBRUARY 9, 2024

How do appraisers consider appliances? also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1

Appraisal 80

Appraisal Contracts Insurance Construction 80

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The 10-year Challenge (2009 vs. 2019). In 2009, the average discount from listing was 10.2%.

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Marketing Real Estate Appraisal Sellers 221

Appraiserblogs

JULY 15, 2021

It’s a lost art of business when it comes to the appraiser profession… I have been an appraiser since 2003, when I started my career path. Since then, the appraiser profession has gone through many changes, none more impactful than creating the Home Valuation Code of Conduct or HVCC law that was put into effect after the crash.

Valuation 143

Valuation Law Appraisal Lending 143

Clear Capital

MAY 10, 2023

In addition to immediate national scalability and coverage, UDC is available at a fraction of the cost of a traditional appraisal, and completed in half the time. “In ValueLink Software provides industry-leading appraisal management solutions for lenders, appraisal management companies and appraisers.

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Modernization Appraisal Valuation Real Estate 69

Housing Wire

JANUARY 11, 2021

A judge slapped Quicken with an $11 million penalty in 2017 after it found the company guilty of influencing home appraisal values during the time leading up to the financial crisis. ” The post CFPB investigating Rocket Homes for illegal kickbacks appeared first on HousingWire.

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Real Estate Agent Real Estate Brokerage Law 379

DataMaster

SEPTEMBER 29, 2023

In this role, Tossavainen will oversee DataMaster’s day-to-day operations, implement strategies to enhance efficiency, and build upon the company’s vision to grow a technology platform that modernizes the appraisal space. Class Valuation’s recent hire demonstrates its commitment to driving appraisal innovation through DataMaster’s platform.

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Valuation Real Estate Modernization Appraisal Process 148

Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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Appraisal Agents Real Estate Real Estate Agent 80

Housing Wire

AUGUST 21, 2023

1,403 SavvyMoney 417% 2009 A leading provider of credit score solutions, serving over 1000 financial institutions by combining real-time data with digital personalization tools. 5000 – 2023 Additionally, two appraisal firms were named to the Inc. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose. Source: Inc. Kairos was No.

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Real Estate Real Estate Agent Technology Investors 349

Appraisal Today

JUNE 10, 2022

How can we fix the excess of appraisers? Too many appraisers? 2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. Purchase vs. refi appraisals.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Simonson Real Estate

JUNE 22, 2020

Despite these radical changes, the business of America carries on, somehow, some way, including commercial real estate appraisal work. How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? Mitchell Simonson , Founder, Simonson Appraisals.

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Valuation Real Estate Appraisal Retail 146

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

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Appraisal Appraisal Process Valuation Real Estate 36

Appraisal Today

JUNE 24, 2022

Appraisals and Water Frontage. Appraisers should familiarize themselves with their state laws regarding water frontage and related rights, as they can vary from state to state. The property owners asked me to do appraisals on the homes, including the rear structures but did not like my very high fee. Appraisal Business Tips .

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Appraisal Contracts Mortgage Real Estate 52

Appraisal Today

JULY 1, 2022

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. Appraisal Business Tips . Humor for Appraisers.

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Appraisal Contracts Insurance Real Estate 52

Appraisal Today

JUNE 3, 2022

Residential Appraisals and Airbnb Income? State appraisal boards ARE disciplining appraisers across the country for improperly using the business income (Short term Rental – STR) from Airbnbs on the residential 1007 Fannie Mae form. Julie does not include short-term rental income (STR) in her appraisals of homes with Airbnbs.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

DW Slater Company

JANUARY 30, 2023

Million Allegedly Paid to Two “Favored” Appraisers. Million Allegedly Paid to Two “Favored” Appraisers. – Cleveland Appraisal Blog How Was The Housing Market in 2022?- As always, if you have questions or need appraisal services, we are here for you! Is Valuation Independence Good or Bad for Business?

Housing Market 122

Housing Market Marketing Real Estate Appraisal 122

Miller Samuel

APRIL 27, 2019

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state. inferring this law was flimsy and easily overturnable.

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Law Modernization Appraisal Real Estate 367

Appraisal Today

JUNE 17, 2022

Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” Appraisers – check the water source! Hybrid appraisal survey ).

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

OCTOBER 19, 2020

The proposed rule replaces an interim rule from 2009 and would require Fannie Mae and Freddie Mac to provide advance notice to the FHFA on any new activities and obtain prior approval before launching new products. The trigger date for an activity to be considered new is the effective date of the final rule. “I

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Finance Business Government Appraisal 257

Housing Wire

MAY 18, 2021

“I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. They’re even waiving appraisals. It’s just a crazy competitive market.”

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Real Estate Marketing Real Estate Agent Agents 425

Clear Capital

APRIL 24, 2024

Dan joined Clear Capital in 2009 as a QA Analyst and has consistently risen through the ranks, achieving the role of VP of Product in 2023. During his tenure, he has played an instrumental role in Clear Capital’s work alongside Fannie Mae and Freddie Mac to refine and modernize the appraisal process.

Modernization 36

Modernization Appraisal Appraisal Process Inspection 36

Clear Capital

JUNE 14, 2022

Collateral Desktop Analysis provides transparency and efficiency to ValueLink customers conducting appraisal reviews. Designed to remove pre-funding uncertainty or support post-funding due diligence, CDA is an efficient, cost-effective method to determine if an appraisal under review is adequately supported. Houston — June 14, 2022 —.

Appraisal 36

Appraisal Valuation Inspection Technology 36

AmeriMac

SEPTEMBER 1, 2021

An Appraisal Management Company is more than just an appraiser. They go through the administrative process of actually hiring and retaining an appraiser. The AMC will generally have “on call” appraisers that they use regularly for specific projects. Basic FAQs About Appraisal Management Companies.

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Appraisal Valuation Law Lending 36

Robinson Appraisal Group

NOVEMBER 16, 2018

As appraisers in this ever changing industry we have seen changes in the market, technology, bank requirements, emergence of management companies and appraisal form changes. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal. The one thing that always remains constant is change.

Tools 78

Tools Appraisal Lending Inspection 78

Realvals

MARCH 8, 2024

San Francisco 12/22/2009 Atherton House 1990 California St. San Francisco 12/22/2009 Frank G. San Francisco 10/8/2009 Russell Warren House 465-467 Oak St. San Francisco 10/5/2009 Torpedo Storehouse-Torpedo (Mine) Assembly Building & Long Range Accuracy Storage Building N. Hyde and Polk Sts. Building 1050 Battery St.

Architecture 78

Architecture Marketing Decorating Transportation 78

Empire Appraisal Group

DECEMBER 28, 2023

It’s the first time that Home Depot has projected a decline in annual sales since 2009, when the U.S. Source: [link] The post Owners Keep Remodeling – but Smaller Projects appeared first on Empire Appraisal Group. economy was decimated by a massive housing bubble. Inflation is hitting Home Depot on a number of fronts.

Home Improvement 78

Home Improvement Renovations Retail Real Estate 78