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Settling on a New Normal for Appraisals in 2022

Appraisal Buzz

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Experts expect home price growth to moderate in 2022, but the lessons learned over the past two years are sure to change the industry in the long term. Shifting Toward Modernization. More Remote Contact.

Appraisal 397
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Modern House Flipping Software: 8 Innovative Tools You Need

Listing Spark

Consider the following three ways that modern house-flipping software can help both beginner and experienced flippers. Assessing the riskiness of buyers’ offers so you’re less likely to have to go back on the market and waste time on bad contracts. Start by looking for these eight types of modern house-flipping software.

Tools 36
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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% However, seasonality will kick in soon, and it doesn’t look that 2022 will get us there. million in January of 2022. from July to a seasonally adjusted annual rate of 4.80 million in August.” It would have fallen slightly from last’s 3.3

Inventory 443
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State of the mortgage industry half-time report

Housing Wire

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Their research shows the U.S.

Mortgage 378
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The hybrid appraisal is here. Who benefits?

Housing Wire

Fannie Mae also plans to use hybrid appraisals more often in 2022, as part of its equity plan , which is intended to “reduce costs to the borrower and reduce potential risk of bias by creating greater separation between the appraiser and borrower.”. The State of Appraisals in 2022. The seller accepts it; they go into contract.

Appraisal 403
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HW+ Member Spotlight: Jeremy Potter

Housing Wire

This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner. It’s also more modern and appealing to first-time home buyers. He has also held leadership roles at Quicken Loans , now Rocket Mortgage , and Normcom Mortgage. Jobs that create houses.”

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Rise above the panic, for the housing market’s sake

Housing Wire

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. Research from Glossy and Modern Retail coined the “Great Mall Overhaul ” and made the call for a pivot, the evolution from transactional to experiential.

Retail 347