Appraisal Today

JULY 1, 2023

Connecticut ‘Bridge House’ Suspended Among the Trees for $497,000 The innovative Cedar Bridge House, designed by architect Wilfred Armster, appears to float among the trees.Built in 1983, the two-bedroom residence has been on and off the market over the past three years, with an original list price of $530,000. percent from the week prior.

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Appraisal Today

JANUARY 26, 2024

Current listings and especially homes in contract show current market conditions. The problem with listings and homes in contract is that they are not closed sales. Many listings have price changes before closing while homes in contract will sometimes fall out or will close at a price different from that published in the MLS.

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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. To read more about the May 2022 proposal to eliminate the fee panel , click here . VA Approves Desktops and Exterior-Only Appraisals. To read it, click here.

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Appraisal Today

MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Lenders See Considerable Value in Appraisal Modernization. June 2022 issue is the 30th Anniversary of This Newsletter. By Mark Buhler.

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Appraisal Today

AUGUST 18, 2023

homes are worth $1 million or more, near June 2022’s all-time high of 8.6%. Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period. Just over 8% of U.S.

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Appraisal Today

JANUARY 27, 2023

The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. Appraisal Turn Times Show Improvement in 2022 Excerpts: Reggora, an appraisal management software company, has announced its first-ever Appraisal Performance Index, a study to index appraisal operations trends across the mortgage industry.

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Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.

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Clear Capital

JANUARY 5, 2023

” These programs were designed to address an acute housing shortage by providing affordable homeownership opportunities for American families. Compared to homes in white-majority census tracts, those in Latino- dominant neighborhoods were twice as likely to have an appraisal gap between the contract price and the appraised value.

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Appraisal Today

DECEMBER 23, 2022

By: McKissock December 16, 2022. I’m always looking for something new ;> If you are a paid subscriber and did not get the December 2022 issue emailed on Thursday, December 1, 2022, please email info@appraisaltoday.com , and we will send it to you!! How to Identify a Residential Complex Property. Don Quixote? ==.

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Appraisal Today

FEBRUARY 9, 2024

in the first quarter of 2022. Rare Pair of Rock Homes in Palm Springs for Less Than $750K each Excerpts: Two rustic homes for sale in Palm Springs, CA, were designed by an overlooked maestro of 1920s organic architecture. Despite the homes’ historic status and several price cuts, both have been on the market since 2022.

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Appraisal Today

OCTOBER 13, 2023

And in 1992, this daring design was purchased and transformed into a single-family home, which recently hit the market for $25 million. It’s quite amazing how the midcentury modern style has endured, persisted, and reemerged. percent of all applications, the highest since November 2022. The 30-year fixed mortgage rate is at 7.67

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Appraisal Today

SEPTEMBER 8, 2023

But then the price jumped in 2022 to a high of $60 million, before the listing was removed. Moat and Waterfall at This $880K Midcentury Modern Inspired Home in Vermont 4 bedroom, 3.5+ The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21

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Appraisal Today

OCTOBER 27, 2023

Now on the market for $8 million, the home was designed with true ocean fanatics in mind, explains listing agent, Pattie Lawton, of Sotheby’s International Realty. “A The town of The Sea Ranch is the product of architectural pioneers who erected timber-frame, modern structures designed to honor the beauty and serenity of their surroundings.

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Appraisal Today

JULY 29, 2022

Excerpts: Built in 1959 and designed by Tollyn Twitchell for Ralph Twitchell Architects, the 3,419-square-foot, ranch-style home is listed for $3 million. It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. July 25, 2022 . For The Fed, 2022 May Be 1979 All Over Again.

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Appraisal Today

FEBRUARY 23, 2024

The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. percent from 6.87

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Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. In this category, you find the properties that represent the whimsical side of the design and prove there is no idea too out there when it comes to constructing a building. By McKissock November 15, 2022.

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Appraisal Today

JULY 7, 2023

Filed in August 2022 in the U.S. Everything has been fully modernized. from May 2022. However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. Connolly & Mott v. Shane Lanham et al. to a pace of 4.30

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Appraisal Today

OCTOBER 21, 2022

It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. 2022 business has been very slow for many appraisers. The wild designs that cover the walls and ceilings are made of caulking compound, paint, Styrofoam, and wood. “We Vault built in 1959 for The Bank of Boston, by the Army Corp of Engineers.

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Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. 2,500 sq.ft., Too eclectic?

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Will Springer Realtor

MAY 9, 2022

percentage points so far in 2022, has added several hundreds of dollars a month for new buyers’ mortgage payments.Black Knight, a mortgage technology and data provider, claims Americans are now expected to spend 31% of their monthly income to make a mortgage payment on the average-priced U.S. The potent combo of rising U.S. bath , 17,599 sq.

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Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Cities With the Cheapest Mansions for Sale in 2022. By Kyle Campbell, Staff Writer , American Banker, September 7 2022.

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Appraisal Today

FEBRUARY 24, 2023

. = Surviving the Current Slowdown by Kendra Budd, Editor, Working RE Excerpts: While the actual volume of appraisal work has only declined to the equivalent of a slow month in 2018 or 2019, the volume of appraisals has declined over 60 percent from the busiest month in 2021 compared to the later (slower) months of 2022. Budget cuts.

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Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. That is, to Designate appraisers, Advocate for appraisers, and Educate appraisers (DAE). percent from 0.4

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Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. Home designers have been listening too. Bedroom-sized home offices are no longer the norm in modern floor plans.

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Will Springer Realtor

MAY 13, 2024

Data experts mapped out this cohort’s gradual decline – from about 32M in 2022 to 23M in 2035, or approximately 9.2M were flipped last year, down 29% from 2022 and the largest annual drop since 2008. That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >>

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Will Springer Realtor

OCTOBER 11, 2023

The first makes permanent a pandemic-related policy that exempts affordable housing from the design review process. A report by RentCafe claims Seattle metro added 36,952 units to the rental market between 2020 and 2022. >> Check out this fully updated mid-century modern West of Market home in Kirkland. This 3-bed, 2.5-bath

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Will Springer Realtor

OCTOBER 11, 2022

The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. supply in 2022, according to an August report from leasing platform RentCafé , which forecasts 15,300 new units this year in the Seattle region. Not in 2022.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2022

The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. Don’t get me started about Seattle’s design review exercise!) . The Ralph Anderson -designed estate sits on a plateau near Squak Mountain and provides outstanding Cascade views.

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Will Springer Realtor

SEPTEMBER 8, 2021

and another 10% boost in 2022. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. Just more than 4,000 homes went under contract last month across all home types in King, a 4.3% Every room is perfectly designed. increase from July but down 8.9%

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