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Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak

Appraisal Buzz

The post Despite Prices Increasing 27 Percent, Homes More Affordable Than 2006 Peak appeared first on Appraisal Buzz. There was a 21.7% annual increase in nominal house prices and a 0.7 percentage point increase in the 30-year, fixed mortgage rate compared the same timeframe a one year ago. Household income.

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Home Prices Become More Affordable Than Their Housing Boom Peaks

Appraisal Buzz

While nominal house prices in July were 35% higher than at the housing boom peak for prices in 2006, house-buying power remains nearly 38% below its 2006 housing boom peak. The post Home Prices Become More Affordable Than Their Housing Boom Peaks appeared first on Appraisal Buzz.

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Like it or not, desktop appraisals are here to stay

Housing Wire

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. Scott Murphy, CEO of D.S.

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SingleSource’s new app to support to Fannie Mae’s Value Acceptance + Property Data program

Housing Wire

Property services provider SingleSource Property Solutions has launched a new data collection solution for appraisal supported by SingleVue, its new mobile app, the company announced on Tuesday. In October , Xactus ’s valuation solution, Appraisal Firewall X, also met federal requirements to fulfill Fannie Mae property data collection orders.

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Class Valuation acquires Maine-based AMC PropertyVal

Housing Wire

Class Valuation , one of the largest appraisal management companies in the U.S., It’s picked up PropertyVal , a Maine-based AMC that is among the largest independent residential appraisal firms in the state. “We Terms of the deal for PropertyVal, founded in 2006, were not disclosed. has acquired yet another firm.

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Loan Performance Remained Stable in March, ICE’s First Look Report Shows

Appraisal Buzz

It was the lowest number of serious delinquencies since June 2006, ICE says. Photo: FreePik The post Loan Performance Remained Stable in March, ICE’s First The post Loan Performance Remained Stable in March, ICE’s First Look Report Shows appeared first on Appraisal Buzz. compared with March 2023.

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Corelogic Take on Appraisal Overvaluation

Appraiserblogs

The results of this 2021 white paper: Appraisal overvaluation: Evidence of price adjustment bias in sales Comparisons co-authored by Frank Nothaft are pretty interesting. Home appraisal came under scrutiny for contributing to the home-price bubble and enabling the origination of risky mortgages that led to the post-2006 foreclosure crisis.

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