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Appraisers and Property Data Collectors

Appraisal Today

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. I would always finish the inspection and never be rude to them.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That percentage was last seen in September 2007 – yes, at the start of the housing crisis (as the chart shows). That was within the 28% ceiling considered affordable by common lending standards. The potent combo of rising U.S.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

That’s the most since 2007. The rare drop-off came as a decrease in refinance activity canceled out a rise in home-purchase and home-equity lending. >> A Bankrate.com survey found that only 19% of homeowners who had mortgages before the pandemic have refinanced, despite interest rates plunging. It truly is a gem of a home.