Trending Articles

The housing market has shifted

Sacramento Appraisal Blog

The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches.

The Mirage, Volcanoes, and the Strip!

Appraisal Buzz

In today’s Buzzcast, the Allterra Group gives you all of the details for the upcoming conference -Valuation Expo! Valuation Expo will be hosted at the Mirage Hotel, September 7-9! Save 50% ($450) on your General Session Pass when you become an Appraisal Buzz Premium Plus Member by May 18th!

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Mortgage applications rise despite higher rates

Housing Wire

Prospective homebuyers aren’t deterred by the skyrocketing mortgage rates amid a slow start to the spring home-buying season this year.

Copacabana? No Silly, It’s Cubicasa!

Cleveland Appraisal Blog

Have you been to the Copacabana? Perhaps you’ve been to the Copacabana nightclub in New York City, made popular by Barry Manilow’s song Copacabana in 1978. Of course, the original Copacabana is a vacation destination in Rio De Janeiro, South America.

A Log Home Valuation

Appraisal Buzz

It is no secret that log homes do not appraise well. In the past, almost every major log home magazine has posted an article on the topic. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market?

Part III: Do We Need a Neighborhood Section?

George Dell

Market area, District, Neighborhood – what do our directives say? Let’s take a look at standards, education, regulations, and the GSE (Government Sponsored Enterprises). First, let’s set a goal: What is the ideal comparable data to analyze? How big, how similar, and how competitive should it be?

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Almost 45% of homeowners are now equity rich

Housing Wire

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position.

Building Materials Prices Move Higher, Up 19% Year-over-Year

Eyes on Housing

According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4%

AI celebrates 90 years of service

Valuation Review

The Appraisal Institute (AI) is celebrating 90 years of service, and Valuation Review reached out to the organization’s president for reflection. AI believes it has served the profession of appraising well and clearly has stood the test of time. Read on to learn more fun facts about the organizatio

Why Most Americans Say They Don’t Like Neighbors

Empire Appraisal Group

Why Most Americans Say They Don’t Like Neighbors. Source: Why Most Americans Say They Don’t Like Neighbors | Florida Realtors. Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’. CHARLOTTE, N.C.

Think US home prices are high? At least we aren’t Canada

Housing Wire

Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada.

Banks Report Weaker Demand for Home Loans

Eyes on Housing

In the first quarter of 2022, the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed a significant net share of banks reporting more relaxed lending standards and weaker demand for most categories of residential real estate (RRE) loans.

GPARENCY Debuts New Commercial Real Estate Lender Software Solution

Appraisal Buzz

Commercial mortgage brokerage GPARENCY has launched its new Match to Lender solution. The software solution gives CRE borrowers the ability to search by loan and property type to access every single loan lender in their state, free of charge. “We knew when we started GPARENCY, it would turn the CRE industry upside down, in the best possible sense,” states Ben Schweitzer, founder and chief product officer at GPARENCY. “We’ve created a democratized approach to.

Third party inspectors examined

Valuation Review

Valuation Review sought the insights from appraisal professional leaders as to outsourcing the scheduling and inspection to third-party inspectors where appraisers can dedicate more time to perform an analytical oriented appraisal report.

How to Destroy the Appraisal Profession

Appraisers Blog

Anytime the government gets involved in an issue, it tends to have more adverse effects than positive ones. It makes things worse when they only have their plan in mind and NOT the FACTS from the people they are about to hurt.

FHA gives investors cold shoulder on foreclosed properties

Housing Wire

The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

Latest Interest Rates Signal Significant Declines in Affordability

Eyes on Housing

Housing affordability in the first quarter of 2022 looks starkly different depending on the interest rate assumed in the calculation. The average mortgage interest rate for the quarter was 3.86%. But by the end of April, it was 5.11%.

Protected: The Future of CRE Cash Flow Modeling & Valuation Technology

Appraisal Buzz

This content is password protected. To view it please enter your password below: Password: The post Protected: The Future of CRE Cash Flow Modeling & Valuation Technology appeared first on Appraisal Buzz. Career Buzz & Press Releases appraisal appraisal buzz appraiser appraisers appraising

Marketing executives look at the ‘green’ side of things

Valuation Review

Valuation Review reached out to Cushman & Wakefield marketing experts Jacob Albers and David Bitner, who shared insight from their report “Green Is Good Part 3: Sustainability’s Impact on Multifamily Performance.”

Divorcing? What You Need to Know About Property Division After Divorce

D Fritz Appraisals

Know Your Rights About Splitting Property After Separation. How is a house divided in a divorce? That’s the question we’ll answer in this blog post as well as many other questions about splitting assets after separation. . Everyone feels the need to find that special someone to share their life with.

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Julia Gordon confirmed as new FHA commissioner

Housing Wire

The U.S. Senate confirmed Julia Gordon on Wednesday evening to serve as commissioner of the Federal Housing Administration (FHA). The position is part of the Department of Housing and Urban Development.

Inflation Slows from 40-Year High in April

Eyes on Housing

Consumer prices increased at a somewhat slower pace in April, the smallest monthly increase since August 2021, though inflation remains near a 40-year high. The food at home and shelter index rose at their fastest pace since November 1980 and April 1991.

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Learning from the Mistakes of Others

Appraisal Buzz

Today’s Buzzcast interview is with Mel Black, Certified Residential Appraiser, Licensed real estate broker, and McKissock Learning’s Director of Appraisal Innovation.

Class Valuation releases insights on desktop, digital appraisals

Valuation Review

Class Valuation released new statistics on the impact desktop and digital appraisals have made on the industry since new rules were released earlier this year. The information is featured in a white paper titled “How Appraisal Modernization is Impacting Mortgage Lending

ProTip: Dynamically Generate Additional Image Fields

GoForrmz

Dynamically enhance your digital forms with Calculations that automatically populate additional form fields to gather thorough form data Did you know you can leverage Calculations to automatically generate additional Image fields as soon as they are needed?

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loanDepot reports loss of $91.3M in Q1

Housing Wire

Nonbank heavyweight loanDepot reported an unprofitable quarter largely due to a steep decline in origination volume and expense reductions that did not keep up with the rapidly changing environment.

Credit for Builders and Developers Tightens in the First Quarter

Eyes on Housing

During the first quarter of 2022, credit became tighter on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

Navigating Stairs with ANSI: Don’t Fall Down

Appraisal Buzz

The Fannie Mae requirement for appraisers to begin measuring single-unit properties with the ANSI Z765 standard kicked in several weeks ago, but many appraisers still have questions about the standard. One of the most common questions concerns how to handle stairs with ANSI.

Commercial firm appoints new CIO

Valuation Review

BBG recently appointed nationally recognized technology authority Blake Holman as chief information officer. In his new role, Holman will be leading BBG’s efforts to continuously improve the firm’s state-of-the-art information technology infrastructure underpinning BBG’s business.

Occupational Licensing Used to Intimidate

Appraisers Blog

It provides no better illustration of how occupational licensing promotes groupthink and intolerance to differing viewpoints… CALIFORNIA: WHERE RIGOROUS INQUIRY GOES TO DIE It smothers innovation and silences debate.

Caliber sues CrossCountry after 80 employees left for rival

Housing Wire

Texas-based multichannel lender Caliber Home Loans is accusing Ohio-based CrossCountry Mortgage of executing an “illegal scheme of unfair competition” by targeting its employees, stealing trade secrets and diverting customers. The accusations are part of a lawsuit filed in May in the U.S.

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Annual Permits Per Capita: 2001-2021

Eyes on Housing

Population growth in the United States amounted to just 0.12% in 2021 (between July 2020 and July 2021), the slowest rate on record dating back to 1900.

Guild Mortgage’s CashPass Program Enables Homebuyers to Make Cash Offers

Appraisal Buzz

Guild Mortgage has introduced CashPass, a new program to help homebuyers compete with all-cash offers in this competitive housing market. The program allows homebuyers to write a cash offer with no financing or appraisal contingency required. With less inventory, sellers are getting multiple strong offers and we want to help our clients compete and win,” says Mary Ann McGarry, CEO of Guild Mortgage. “In In this competitive housing market, Guild recognizes the need to help.

FHFA announces Fannie, Freddie DTS program

Valuation Review

The Federal Housing Finance Agency recently published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve (DTS) Program. The DTS plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation and rural housing