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The savagely unhealthy housing market is now a nightmare

Housing Wire

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

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Strange Properties Appraisers Have Seen

Appraisal Today

My small city has online articles about all the haunted homes and other buildings, plus a World War II aircraft carrier. Search for “Your City” haunted locations, and you will probably find articles. If this article helped you understand and maybe do PDCs, it is worth the subscription price!

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Appraisers Riding the Waves of Up and Down Mortgage Rates 

Appraisal Today

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. To read more, Click Here My comments: Read the full article! This article uses surfing as an excellent illustration. Even better.

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How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Mortgage rates were 18%+. I hate this time change. By Dallas T.

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Appraiser Countersues Alleged Discrimination

Appraisal Today

To read more, click here My comments: Long article and worth reading. I have been tempted to lower a value when an owner’s large do dog jumps on me or tries to bite me. Types of Non-Lender work – many more articles are available! Discusses many issues and lawsuits. I don’t write about this topic much. per month, $24.75

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Appraisal in Changing Markets

Appraisal Today

My comments: This article uses AEI data, graphs, and reports from June. The MBA data, loan application volume (see below) is the future of appraisal volume. Using recent September data, loan applications are below the levels in 2019 and still dropping. Loan applications went up this week but are still below 2019 levels.

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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = If you started appraising before AMCs took over, such as mortgage brokers, you had to do some marketing.