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Home equity is the bright gem of the housing market

Housing Wire

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. Our previous best year for HELOCs was 2015, and that was about $320 million,” he added. Toohig said Raymond James finished the year with some $1.1 level from the first quarter of 2021.”

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Signed lease documents, detailed rent roll, etc.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. New construction or planned renovations – Actual construction cost statements, plans, material specifications, etc.

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Appraisal Time Adjustments Underutized

Appraisal Today

Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc.

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State Appraisal Boards – What Do They Look For?

Appraisal Today

One-Room Schoolhouse in New Role as an Adorable Tiny Home Excerpts: The recently renovated schoolhouse was built in 1860 to serve the farming community of Elizaville, NY—a hamlet in the towns of Clermont and Gallatin, which still had fewer than 2,000 residents as of 2022. The average contract interest rate for 5/1 ARMs increased to 5.56