Remove 2008 Remove Construction Remove Contracts Remove Modernization
article thumbnail

How To Appraise Rural Properties

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

article thumbnail

Appraisals – Check the Water Source!

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. Computer modeling did not predict the 2008 crash. Lower inflation?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = Appraisal Business Tips from Ann O’Rourke Why is the residential lender business so slow now, as compared with 2008?

article thumbnail

What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

“The real estate appraisers of old used to network more, market their services, and sell themselves more than today’s modern appraiser,” remarks Mark Skapinetz, an independent real estate appraiser in Georgia who operates a 100 percent non-lender appraisal firm. The average contract interest rate for 5/1 ARMs increased to 5.66

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

article thumbnail

New 2024 USPAP Q&As

Appraisal Today

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. Just before the crash, we sold it in April 2008 for $1,000,000. Current listings and especially homes in contract show current market conditions. Here’s the formula.

article thumbnail

Weird Real Estate Agent Photos for Appraisers

Appraisal Today

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. This is actually about fewer buyers getting into contract. In previous price declines, such as 2008, the percent decline varied significantly. Four things about Today’s Housing Market. What is causing this change?