Housing Wire

MARCH 27, 2024

Date: April 21-24, 2024 Location: Scottsdale, AZ Ticket Price: Tickets cost $2,150 for professionals or $3,150 for technology and solution partners, as well as those who do not represent a licensed mortgage or real estate firm. Link to register 3. What we love: We are biased but The Gathering pulls from a wide net. Link to register 2.

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Real Estate Realtors Agents Real Estate Agent 322

Appraisal Today

JANUARY 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on New CA bias classes, 2024 New Years resolutions, 2024 goals, unusual homes, mortgage origination stats, etc. These represent the first changes to USPAP in four years. There are five myths and misconceptions that are addressed in the changes to the 2024 USPAP.

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Appraisal Today

OCTOBER 27, 2023

We’ve organized the strange and spooky properties described by our survey participants into the following categories: Vacant and secluded homes Spooky historic properties Properties in horrible condition Other surprising and strange site visits “Vacant house that neighbors told me had not been occupied for almost 3 years.

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Property Appraisal Appraisal Business Contracts 71

Appraisal Today

MARCH 15, 2024

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. = What if there are few rural areas near you? It is not hard to learn the valuation factors.

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Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias.

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Appraisal Contracts Real Estate Architecture 72

Appraisal Today

JULY 14, 2023

3 bedrooms. What tool do you prefer to use when measuring a house? Recent Appraisal Buzz survey Measuring tape – over half Laser – less than half Guesstimate – a few, but way too many! Phone app. – not many To see the graph, click here My comments: I have always wondered about this. I was hooked the first time I used it! The 8,000+ sq.

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Tools Appraisal Insurance Contracts 76

Appraisal Today

NOVEMBER 24, 2023

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.

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Appraisal Mortgage Business Contracts 74

Appraisal Today

JUNE 9, 2023

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? How reliable is that data? Excerpts: Five bedrooms, 7.5

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Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! million 3 bedrooms, 2 baths, 2,281 sq.ft, built in 2008, 21.23 This approximately 900sf, 1.5 acres of wooded land.

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Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. That’s what we always hear. And, it’s true. NOTE: Does your market look similar?

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Appraisal Real Estate Contracts Business 88

Appraisal Today

JULY 7, 2023

To read more, click here My comments: Long article and worth reading. Janette Miller, filed in California in Dec. 2021, was one of the first (and perhaps the most publicized). But since late 2021, a number of similar lawsuits have popped up—from North Carolina to Maryland. Connolly & Mott v. Shane Lanham et al. You may lose a client.

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Appraisal Real Estate Contracts Mortgage 75

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. However, it’s a good idea to know where the risks lie—and how to avoid them. Well written, short, and worth reading.

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Appraisal Real Estate Valuation Contracts 85

Appraisal Today

APRIL 1, 2023

To read more, click here My comments: This is an excellent article on this topic. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, regression and AVMs, unusual homes, mortgage origination stats, etc. = Read it to find out the issues.

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Lamacchia Realty

AUGUST 25, 2022

Mortgage rates have increased, and buyers are backing out of their search!” Renting though is not working out well for people either – rents are up dramatically from when interest rates increased , and property owners need to accommodate for the increased costs of their own mortgages and inflation.

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Buyers Landlords Tenants Real Estate 71

Appraisal Today

NOVEMBER 3, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. How do the USPAP revisions to the Nondiscrimination section affect appraisers? USPAP 2024 is effective January 1, 2024. Between Oct.

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Appraisal Contracts Architecture Mortgage 76

Appraisal Today

MARCH 31, 2023

Hamp Thomas 12 minute video – my favorite commentary on this issue! And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. First, “third party” inspections. Call to Action.

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Appraisal Today

JANUARY 27, 2023

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. 12 Barrell Lane Ext, York, ME Price: $3,900,000 Year built: 1682 York Harbor: This spacious Dutch gambrel offers waterfront views of a private peninsula. FHA Handbook 4000.1 so you can skip over most of it.

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Appraisal Contracts Transportation Real Estate 52

Appraisal Today

FEBRUARY 10, 2023

1639e(b)(3). … 1639e(b)(3). … Very similar to the old mortgage broker days. NOTE: Please scroll down to read the other topics in this long blog post on estate/trust appraisals and Fannie changesunusual homes, mortgage origination stats, etc. = A primary reason for Dodd-Frank.

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Appraisal Today

JANUARY 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. Concessions increased over 30% in the previous quarter and the fourth quarter of 2021. Top Ten Reasons Why It Is Great to be an Appraiser!

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Appraisal Today

NOVEMBER 25, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Big Houses, Sprawling Estates, and Cool Compounds: Tour 12 Extra-Large Properties. The neighbor left and we went inside…. Humor for Appraisers.

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Appraisal Market Value Contracts Finance 52

Housing Wire

MARCH 21, 2024

Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. So, unless rates go down, this might be the high in sales in 2024.

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Inventory Housing Market Mortgage Marketing 455

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. The National Association of REALTORS® believes there are alternatives to some of the experience requirements that the AQB should consider.

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Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Lamacchia Realty

APRIL 15, 2022

We will tell them how after the once-in-a-century pandemic , the average home sale price increased dramatically. In 2021 alone, prices increased 19%. Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever.

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Marketing Sellers Buyers Inventory 67

Appraisal Today

MAY 19, 2023

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. = Can ChatGPT, and other AI models, actually assist appraisers in writing summary appraisal reports?

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Appraisal Business Contracts Real Estate 52

Appraisal Today

NOVEMBER 10, 2022

12 Unacceptable Appraisal Practices from Freddie Mac. Use of unsupported or subjective terms to assess or rate, such as, but not limited to, “high,” “low,” “good,” “bad,” “fair,” “poor,” “strong,” “weak,” “rapid,” “slow,” “fast” or “average” without providing a foundation for analysis and contextual information. Humor for Appraisers.

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Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

JUNE 17, 2022

10-12-17 Newz//FHA-Appraisers responsible for water quality reporting?, NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

AUGUST 19, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Condo risks, mortgage origination volume down, 4 high growth appraisal companies, cost cutting tips, unusual homes, mortgage origination stats, etc. ==. Mortgage applications hit 22-year low (since 2000), lending activity suffers. Humor for Appraisers.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

FEBRUARY 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC layoffs, adjustments, your business voicemail, unusual homes, mortgage origination stats, etc. == 11 of the Most Remote Homes in the World From the “Loneliest House in the World” to the smallest inhabited island, these homes are as beautiful as they are secluded.

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Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

FEBRUARY 14, 2022

I started at Redfin 12 years ago,” she said. Representing homebuyers in Orange County, California, Alipour generally completed 2-3 escrows a month while many colleagues did 4-5. “It Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I It is high-volume work,” Alipour recalled.

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Business Brokerage Real Estate Agent Agents 361

Will Springer Realtor

JANUARY 9, 2024

Instead, many eyes may have been captivated by something else dropping – interest rates. The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024.

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Appraisal Today

JUNE 3, 2022

I posted her article on my website so that everyone can read it. The May 12, 2022 session was “Residential 1004/1007 Form Appraising & AirBnB Income”. NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc.

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Appraisal Today

JANUARY 13, 2023

1-12-17 Newz.New scam: owners pose as renters, 21 day turn times. NOTE: Please scroll down to read the other topics in this long blog post on all cash sales, bad bank, FHFA/Fannie, speaking at real estate agent meetings, unusual homes, mortgage origination stats, etc. ==. Its current list price is an increase of $4.8

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Houston Properties

MARCH 23, 2022

While the Fed has started raising interest rates, there’s no sign of inflation slowing down any time soon. Fixed-rate mortgages are paid back in “cheaper dollars”. For investors: rents typically follow the inflation rate. Benefit #2: Fixed Rate Mortgages Paid Back in “Cheaper Dollars”. Get PDF Now.

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Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. increase from the same time a year ago, according to Compass. Chicago’s housing market started out hot in 2022.

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Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Rates vary based on many factors, including an applicant’s qualifications.) annualized for May – mortgage rates will remain high.

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Appraisal Today

FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. Worth reading. A good summary. I suspect that a company based in Boston, MA sees lots of historic homes!

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