Appraisal Buzz
OCTOBER 4, 2021
Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.
Housing Wire
SEPTEMBER 20, 2021
Appraisals in Black and Latino neighborhoods are more likely to fall short of the contracted sale price, a Freddie Mac study of 12 million appraisals found. The research examined appraisals for home purchases the government sponsored enterprise received from 2015 through the end of 2020.
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Housing Wire
MAY 27, 2022
There is no single silver bullet that will rectify the pernicious impact of bias in residential real estate valuations — it is a complex problem that requires a multifaceted solution. But there is the promise of a better future on the horizon. Some researchers point to appraisal methodology as a culprit.
Appraisal Buzz
JUNE 7, 2021
Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Can’t make the time? Register to receive the full recording in your inbox as soon as it’s over!
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 they did not become key players in the home valuation industry until the recent housing bubble.”. The outcome was a settlement, the Home Valuation Code of Conduct, or, as appraisers swiftly dubbed it, havoc.
Cleveland Appraisal Blog
MAY 18, 2023
In April, we saw the lowest number of monthly single-family home sales in Cuyahoga County since 2015. (I And I found sales that supported the contract price that had sold within the past month. However, being afraid to find another home to buy is a real concern! Let’s take a look at what’s going on in Cuyahoga County.
Housing Wire
JULY 12, 2022
The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. The seller accepts it; they go into contract. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.
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