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Like it or not, desktop appraisals are here to stay

Housing Wire

In a December 2020 request for information, FHFA highlighted potential benefits of desktop appraisals, including assisting training of new appraiser trainees, and alleviating appraiser shortages in rural and high-volume areas. There’s still some battle scars from 2006 to 2009 where appraisers were made to be the scapegoats,” Pyle said.

Appraisal 364
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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. AI has to be trained on good data. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory.” are not always accurate for a property.