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Zillow to kill its iBuying program

Housing Wire

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. By close of the market Tuesday, the company’s stock price had tumbled 12% during the day, trading at $87.20

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Developing a lending strategy for rising mortgage rates

Housing Wire

By October, the market value of Zoom exceeded that of Exxon-Mobile , reflecting the dichotomy of an intransigent society staying at home and working remote. The stock value of Zoom grew 650% during this one year as many other aspects of the economy slowed or shuttered as a result of the shutdown.

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Surprising Things That Can Decrease Property Value

Cleveland Appraisal Blog

The value of your home can take a hit if it’s damaged by a natural disaster such as a hurricane, tornado, wildfire, earthquake, tsunami, mudslide, or flood. Let’s take Hurricane Katrina in 2005 as a famous example. There was a significant drop in property values in the New Orleans metropolitan region after the hurricane.

Appraisal 298
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More Crazy Appraiser Stories!

Appraisal Today

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. ==. Is the Definition of Market Value Outdated? Why don’t appraisals consider the impact of financing on market value?

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2021 Massachusetts Year in Review

Lamacchia Realty

Below is a graph that illustrates home sales per year since 2005. Below is a graph that illustrates monthly home prices since 2005. Sellers who priced according to market value, and not too high, ended up getting much more for their homes than asking as buyers competed in bidding wars. 2021 Sales by Month.

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Desktop Appraisals: Who, When, and Why

Appraisal Today

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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Appliances for FHA appraisals

Appraisal Today

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.” FHA Handbook 4000.1 I was not aware of my bias.