Remove is-appraisal-systemically-biased-2
article thumbnail

Settling on a New Normal for Appraisals in 2022

Appraisal Buzz

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year.

Appraisal 397
article thumbnail

Secret HUD Meeting on ‘Appraiser Bias’

Appraiserblogs

The exclusion of the appraisal profession from events looking at valuation bias sends the message – intentional or not – that the input of appraisers is unwanted by those seeking to address issues relating to valuation bias… This was in a news release put out on Aug.

Appraisal 148
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Overcoming 2023’s biggest appraisal challenges

Housing Wire

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

Appraisal 349
article thumbnail

Gentrification, Neighborhood Boundaries, and Bias

Appraisal Buzz

This article was originally published on the Sacramento Appraisal Blog here. So as an appraiser I need to be careful about crossing boundaries when choosing comps because prices might be different on the other side of a street. Sometimes crossing the street can make all the difference for value. Let’s talk about that today.

Appraisal 195
article thumbnail

7 Home Security Tips for Spring & Summer

Cleveland Appraisal Blog

In addition, you can connect them to your security system to track their functionality and receive notifications in real-time in case something happens. Upgrade your security system. Upgrade your security system. Security systems are now so advanced that you can operate them from anywhere.

Appraisal 221
article thumbnail

Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

article thumbnail

Appraisers: Be Careful with Your Words

Appraisal Today

Keeping Appraisers out of Language Purgatory Appraisers: Be Careful with Your Words! by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports.