Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. My comments: I find this post’s appraiser comments most interesting, especially those from VA appraisers who have been required to use the VA’s Tidewater Initiative, which started in 2003. percent from 7.29

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

McKissock

JANUARY 8, 2021

The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This program, often known simply as “Tidewater,” initiated in—you guessed it—the Tidewater area of Virginia (i.e.,

Reconsideration of Value 59

Reconsideration of Value Appraisal Contracts Appraisal Process 59

McKissock

JANUARY 8, 2021

The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This program, often known simply as “Tidewater,” initiated in—you guessed it—the Tidewater area of Virginia (i.e.,

Reconsideration of Value 52

Reconsideration of Value Appraisal Contracts Appraisal Process 52

Appraisal Today

AUGUST 5, 2022

Two percent of newly originated mortgages were originated to subprime borrowers, a sharp contrast to the 12% average seen between 2003-2007.”. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.43 percent from 5.74 percent, with points increasing to 0.65

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Housing Wire

DECEMBER 19, 2022

Since May of 2020 we have seen growth accelerating faster than the national average and this happened as well from 2003 to 2007, but then our decline was also accelerated. And our buyers that do get under contract are a little bit more skittish and quicker to cancel, so I have seen a high number of back-on-markets.”

Marketing 403

Marketing Inventory Buyers Housing Market 403

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. The second-lowest LO turnover rate was in 2003, at 31%. Meanwhile, in 2020, LO turnover was the lowest in the survey’s history, at 21%, the MBA found.

Marketing 424

Marketing Law Government Mortgage 424

Housing Wire

SEPTEMBER 23, 2020

Topping $3 trillion will put it only behind 2003 in single family mortgage production history. Planning ahead for that environment is critically important as market contractions will reduce spreads as well as volume. The Mortgage Bankers Association in its most recent forecast sees two things that stand out.

Mortgage 539

Mortgage Investors Buyers Finance 539

Housing Wire

SEPTEMBER 22, 2021

Christensen has 17 years of experience in the mortgage industry, starting her career in 2003 as a contract loan processor for multiple mortgage brokerages in Salt Lake City. In 2008 she began to work with the many American families facing foreclosure due to the Great Recession.

Real Estate 393

Real Estate Brokerage Valuation Technology 393

Appraisal Today

AUGUST 13, 2023

Built in 2003, the Mediterranean style primary residence totals 4, 050 sq. Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. percent from 6.93

Appraisal 74

Appraisal Contracts Real Estate Agent Mortgage 74

Lamacchia Realty

JANUARY 30, 2024

This report analyzes the sales figures, average prices, the number of active listings, and listings under contract for both 2023 and 2022. Average prices for closed sales increased by 10% Lowest number of homes listed in over two decades, decreased by 12% The number of homes placed under contract (pending) decreased by 16.4%

Inventory 54

Inventory Sellers Buyers Contracts 54

Appraisal Today

APRIL 28, 2023

Its current owner, Dr. Wei-Tzuoh Chen, tapped Niles to construct the abode after buying the property back in 2003, The Wall Street Journal first reported. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.55 Listed for a whopping $68.8 percent from 0.5

Appraisal 52

Appraisal Real Estate Business Contracts 52

GoForrmz

AUGUST 26, 2022

This can be as simple as implementing digital signature forms for student housing contracts, or as complex as building tech-centric study lounges for students. “ MSU students printed out over four million pages in 2003… This problem was not unique to MSU. Dartmouth College students were printing over six million pages per year. ”

Technology 78

Technology Renovations Modernization Contracts 78

Houston Properties

JANUARY 12, 2022

Year Built: 2003. Overall, right now properties are still actively going under contract. Last year’s number of homes that have gone under contract is still consistent with figures prior to the pandemic and the oil price crash. We see no reason for it to change in 2022. Geo Market Area: Westchase. Zip Code: 77082. Sale #2: 2017.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

MARCH 14, 2023

each month between 2003 and 2022.) The actions are fueled by a growing number of buyer contract cancellations, rising to 68% of all KB Home deals in Q4, up from only 13% in the same period a year ago. While not as bad as the Great Recession, it is certainly one of the sharpest price depreciations in a short amount of time.

Marketing 36

Marketing Buyers Inventory Sellers 36

Housing Wire

JANUARY 22, 2021

Warren Buffett, one of the biggest investors, divested all GSE holdings between 2003 and 2005. of the total market and the GSEs saw their share of market contracting as well. Positive or negative is immaterial as investors, analysts, and policy makers were shocked by the massive restatements. Then came the “Alliance Agreements.”

Government 516

Government Finance Investors Marketing 516