Housing Wire

JUNE 28, 2021

The church never quite paid the bills, and DeZarn needed a flexible second job. He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It I have always been good with numbers, and I enjoy looking at houses,” he said. It fit well. Andrew Cuomo’s medium-sized idea.

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Birmingham Appraisal

NOVEMBER 14, 2023

Agents and appraisers are not that different in their desire to determine an accurate market value for a property. The contract price and appraisal value will need to line up or the buyer will not be able to get a loan to pay for the property. If you have any questions feel free to contact me, I’d be glad to speak with you.

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Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. In the secondary market, Wall Street firms have shown more appetite for these mortgages. Who’s at the top?

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Miller Samuel

MARCH 19, 2019

If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry. The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since.

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Appraisal Today

APRIL 12, 2024

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.

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Appraisal Today

FEBRUARY 16, 2024

Preservation restrictions, often governed by the National Register or local historical commissions, can add value by ensuring the property’s integrity. I suspect that a company based in Boston, MA sees lots of historic homes! No effect on value. Worth reading. A good summary. Fortunately, their names were listed in the MLS.

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Appraisal Today

AUGUST 25, 2023

Appraisers who have put in 16+ years in the appraisal industry tend to make the most ($118K), while those who have less than 2 years of experience earn the least ($43K). I have seen this type information before, but mostly from contacting companies, recruiters or government databases. The 900 sq.ft.

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Appraisal Today

NOVEMBER 17, 2023

Myth #2: Data collectors are going to replace appraisers There’s a lot of buzz right now about PDC possibly replacing traditional property appraisal, but the intent of this service is to fill a gap in the lending process. My article in the November issue of Appraisal Today has lots of information, including lists of which AMCs use PDCs.

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Appraisal Today

MARCH 1, 2024

According to the Institute for Luxury Home Marketing’s February 2024 report¹, the single-family luxury home segment is showing promising signs of growth. Even more telling, contract signings for homes priced at $1 million or more have increased by 11 percent over last year, and demand remains high among affluent buyers.

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Appraisal Today

FEBRUARY 9, 2024

also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” Acre lot, built in 2023 as a spec home. FHA Handbook 4000.1

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Appraisal Today

FEBRUARY 2, 2024

The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. But we’ll have to see how things progress as this time-line gets more firmed up.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. Topics include: ADU meaning and types What is a two-family property? I have never seen something this contemporary before in Napa Valley.

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Appraisal Today

OCTOBER 13, 2023

If all the right boxes are checked and your report is signed with a value, mission accomplished! But one indicator that you have crossed the line from intermediate to pro is understanding how all the pieces fit together. If you have done AMC lender appraising only, you only appraise homes that conform to GSE requirements.

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Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. I always made them and never had any complaints from my lender clients. Worth reading.

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Appraisal Today

SEPTEMBER 1, 2023

Most of them fall into these categories: Challenging and complex properties Unique property types Properties with atypical characteristics Historic properties Rural properties Non-compliant properties “A yurt, a space dome, and a two-story single-wide mobile home. It was a house on three lots. It has been added on to over the years.

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Appraisal Today

DECEMBER 16, 2022

Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending. I have known him for many years. To read lots more and see very interesting photos, click here . Value pressure. They are the most probable values.

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Chicagoland Appraisal Blog

APRIL 3, 2020

Westhoff’s clients run the gamut in terms of age, ranging from college students and young professionals to growing families and empty nesters. If you happen to have an older home that could use some updates, what should you focus on? Prepare to be more patient with a higher-end home.

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Appraisal Today

DECEMBER 15, 2023

Starting today, families can take a virtual 3D tour of the Clauses’ North Pole cabin and explore every charming corner using a floor plan generated by artificial intelligence (AI). To read more and get links to lots more, Click Her e My comments: Lots of fun! Lenders and fee appraisers have done this for decades.

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Appraisal Today

JANUARY 4, 2023

Should have retired last year but put it off due to the high amount of requests!”. I have recently been writing about many of these topics since the market changed. I have always done both commercial and residential. He will have six weeks of radiation and cannot work for over three months. Grow my business (15%).

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Appraisal Today

SEPTEMBER 17, 2022

Appraisers: What should you have in your car? I have been bitten by dogs. To read more and see lots of interesting photos, click here . Lot values up. Lot Values Set New Records. At the same time, home building shifted towards smaller lots, resulting in record high prices per acre.

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Houston Properties

MARCH 23, 2022

Historically, during periods of higher inflation: Losers: Loans, bonds, and any fixed income streams. Real estate can be an inflation hedge for three reasons: Real estate holds intrinsic value. Benefit #1: Real Estate Holds Intrinsic Value. US inflation is the highest it’s been since 1982. Inflation Explained.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. Reports have revealed a strong land market. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. Single-family rental properties grew by 7.5%, surpassing land sales. land market.

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Appraisal Today

NOVEMBER 20, 2022

Using only a single approach to value. Incorrect land values. So, it’s pretty safe to state that the “appraiser shortage” of yesteryear is over, and reviewers now have more time on their hands. Do you believe that the quality of your work ranks you as a tier 1 appraiser or do you have a little concern about your rating?

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? I am never selling my duplex with the 3.5% Stick to the facts.

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Appraisal Today

APRIL 28, 2023

Call the client and have them re-assign the order? First: How do appraisers value any amenity of a property? Now let’s continue with that reasoning: “Due to a lack of comparables with solar panels, no contributory value can be extracted.” He has been teaching the classes for a long time. They all have them!

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Empire Appraisal Group

AUGUST 19, 2021

Single-Family Lot Values Have Never Been Higher. Source: Single-Family Lot Values Have Never Been Higher | Realtor Magazine. Lot values for single-family, detached homes have never been higher.

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Housing Wire

AUGUST 29, 2022

The following interview has been edited for length and clarity. Over the last 24 months appraisal fees were really soaring to new heights and it would have been easy for us to dramatically increase our management fees, too. We wanted the lender and broker community to know we were never taking advantage of the market.

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Appraisal Today

AUGUST 12, 2022

This blog post is the best I have ever read, as it is specifically for practicing appraisers. To read more and see lots of photos, click here . I have written about the history of mortgage rates in the past but could not find much before 1971. They seldom have turnaround pressure, value pressure, or payment problems.

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Assurance Financial

MAY 10, 2022

When many homes are available for purchase yet there is a low number of interested buyers, buyers have an advantage. Sellers have an advantage in this housing market since the lack of available homes creates more competition among buyers. When the supply of properties exceeds demand, this is known as a buyer’s market.

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Clear Capital

SEPTEMBER 29, 2021

we have our good friend, Shaival Shah from Ribbon joining us for an interview. A little birdie told me that you might have had a title change there, Jeff. And it’s a technology we’ve been using as a customer for about a year. Jeff Allen. Thank you. I like your black t-shirt. Kenon Chen. Oh, thanks! Jeff Allen.

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The Robert Weiler Company

NOVEMBER 10, 2021

While residential property value is primarily determined based on the going sale price of a similar property located in the same or similar community, commercial property relies most heavily on what’s known as the capitalization rate. The bank will be doing its due diligence when it comes to determining value too.

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Housing Wire

FEBRUARY 22, 2022

I used to be able to get guys no problem, but now I am bidding on guys and having to raise pay in order to keep the guys I already have, which is just continually raising my costs,” said Noel, the president of HNN Builders , a custom homebuilder in the Chicago area. “I Nate Noel’s problem isn’t a lack of work. It’s everything else. “I

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Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. I have been asked this question more than a few times this summer/fall by consumers on the fence: “Did I miss my window?”. They wonder if they missed their opportunity to buy before interest rates rise along with home values. EASTSIDE GROWTH.

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Will Springer Realtor

MAY 9, 2023

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. 2 in the U.S.

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Will Springer Realtor

JULY 8, 2022

Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. Home shoppers often focus on the direction of mortgage interest rates, which have jumped more than two percentage points this year alone to a range of 5.75%-6.0% for 30-year conventional financing.

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Assurance Financial

SEPTEMBER 28, 2021

Unfortunately, millennials have some unique challenges when it comes to buying a home. If you’re at this stage in life, you may have some questions. Buying a home has long been considered the “American Dream” and a sign of financial well-being. You could actually get a lot of money back in this way.

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PennyMac

SEPTEMBER 2, 2020

VA home loans have many well-known benefits, including low rates and the exciting combination of no down payment and no mortgage insurance. Whether your expenses come in the form of student loans, supporting other family members, or just the high costs of living in 2020, many can have a difficult time saving up for a down payment.

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