Appraisal Today

SEPTEMBER 23, 2022

Sellers Chasing the ball down the road in real estate. The regional median price has ticked down about 7% since May, which is $45,000. Okay, one last thing about size: During the beginning of the pandemic there was a blatant spike in home size due to a greater focus on larger homes at higher prices. By Ryan Lundquist.

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Appraisal Today

OCTOBER 7, 2022

NAR Appraisal Survey 2022. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. The typical appraiser reports a 40-mile radius in which they conduct appraisals. 68% report practicing within a radius of 20–59 miles.

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Appraisal Today

OCTOBER 28, 2022

There’s been a lot of buzz about measuring homes to ANSI standards in the appraisal industry–what can you tell us about the VA’s stance on ANSI? What’s new at the VA? I wrote a long article about VA in the past, available to paid subscribers. VA Update for Appraisers. Interview with VA’s Chief Appraiser. By Isaac Peck.

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Appraisal Today

AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae. Answer: No!

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Appraisal Today

JANUARY 27, 2023

Scroll down to “Updates, Revisions, Notifications” to get the redline versions. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. 10 homes built between 1682 and 1780 The oldest home (Photo above) 1. effective 9/14/15.

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Appraisal Today

JANUARY 20, 2023

Walk around holding a clipboard just like “Skip” down at the Jiffy Lube. Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! ’ Home sellers gave concessions to buyers in 41.9% ’ Home sellers gave concessions to buyers in 41.9%

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Appraisal Today

SEPTEMBER 30, 2022

Read this article on how to check CO detectors. 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. Killed by Carbon Monoxide: Appraiser Blamed.

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Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. percent)* above the revised September rate of 588,000, but is 5.8 What is going on here?

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Appraisal Today

SEPTEMBER 8, 2023

These requests involve homes in numerous vacation spots ranging from Sedona, San Diego, Montana, Lake Tahoe, to Miami, New York, Seattle, New England, and every vacation spot in between. To read more, click here My comments: If you want to know more, before (or after) accepting an Airbnb appraisal, definitely read this article.

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Appraisal Today

SEPTEMBER 15, 2023

NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! The survey results had a comparison of 2022 and 2023, which was very interesting. This year, this option was broken into three separate AMC-related issues.

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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. His homes are as unique as he was,” says Heinrich. “He

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Appraisal Today

SEPTEMBER 29, 2023

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! baths, 7,154 square feet, 130 acre lot The sprawling property boasts two parcels with a pair of bold, all-white, contemporary homes, situated atop Mount Veeder.

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Appraisal Today

OCTOBER 6, 2023

We also have a new product launching this year. I assume a new class will be required every two years in the future. 2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. This covers all Definitions, Rules, and Standards.

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Appraisal Today

SEPTEMBER 2, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. For new clients, I make it very clear that I will not be unethical by giving them what they want upfront. A Very controversial topic!

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Appraisal Today

DECEMBER 23, 2022

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. Excerpts: The property to be appraised is atypical. The market conditions are atypical.

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Appraisal Today

AUGUST 12, 2022

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! NOTE: Please scroll down to read the other topics in this long blog post on mortgage rates history, declining prices on high end homes, bias, unusual homes, mortgage origination stats, etc. =.

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Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Good that reviews and reconsideration requests have gone down. Is there room for more improvement? View from the AMC/Lender side.

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Appraisal Today

SEPTEMBER 17, 2022

I left the homes and contacted the lender. Once two large Dobermann dogs broke down a trailer door. Once two large Dobermann dogs broke down a trailer door. Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Appraisers: What should you have in your car? 2,500 sq.ft.,

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Lamacchia Realty

APRIL 15, 2022

week supply of homes for sale. We will tell them how after the once-in-a-century pandemic , the average home sale price increased dramatically. So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. In 2021 alone, prices increased 19%.

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Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

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Appraisal Today

SEPTEMBER 9, 2022

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. Humor for Appraisers.

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Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. Although truth be told, on a local level, sales were down even more than I predicted.

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