Appraisal Today

FEBRUARY 24, 2023

“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

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Appraisal Today

SEPTEMBER 23, 2022

House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. The average contract interest rate for 5/1 ARMs increased to 5.14

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Appraisal Today

MAY 26, 2023

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.

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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. AMCs business model is to snare contracts from mortgage lenders, and serve as their appraiser middleman.

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Appraisal Today

JANUARY 26, 2024

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. The problem with listings and homes in contract is that they are not closed sales. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.51

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Appraisal Today

JULY 29, 2022

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. The average contract interest rate for 5/1 ARMs increased to 4.67

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Appraisal Today

OCTOBER 21, 2022

It’s a modern Cape with two bedrooms upstairs and two downstairs,” Maiser says. percent of all applications, which was the highest share since March 2008. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94 percent of total applications from 29.0

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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. ” — Wakefield Research for the Wi-Fi Alliance, student survey, 2008.

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Will Springer Realtor

MAY 13, 2024

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. About three-quarters of the 459 residences are under contract with a target opening late this year. Another two homes are under contract and should be in the sold column in a matter of days. >> In total, 308.9K

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Appraisal Today

NOVEMBER 20, 2022

This is definitely not a repeat of 2008. ==. Every detail of the newly constructed interior was carefully thought out to maintain the unique cylindrical structure while adding a modern, minimalistic feel. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.90

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Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. The 30-year fixed mortgage rate hit the six percent mark for the first time since 2008 – rising to 6.01 percent from 5.94 percent, with points decreasing to 0.76

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Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Owners are investing about $475B ( yes, billion!

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Will Springer Realtor

MAY 9, 2022

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. the highest percentage since Q3 of 2008. UPDATE: This home is now under contract, pending inspection. It’s modernism in Medina! Our region is a golden unicorn.

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Will Springer Realtor

MAY 12, 2021

The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. There was plenty of excess in our region too, with about 23,700 listings (comprising all home types) across King and Snohomish counties in July 2008 (green). Listed at $1,995,000 ($725/sq. This 3-bed , 3.25-bath,

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Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.

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Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! After a continued rise in sales activity through March, the number of Seattle listings under contract and new listings have eased. month to month (436) and 6.1% The 3-bed, 2-bath , 2290 sq.

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