Appraisal Today

NOVEMBER 3, 2023

Advisory Opinions For 2024, the ASB has retired Advisory Opinion 16 (AO-16) and replaced it with two new Advisory Opinions, AO-39 and AO-40. The primary difference is that the new USPAP contains clear and concise language regarding an appraiser’s ethical obligation not to engage in discrimination.

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Appraisal Today

JANUARY 20, 2023

Appraisal Business Tips Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! NOTE: Please scroll down to read the other topics in this long blog post on AMC fees, Real estate forecast, Google Business Profile, unusual homes, mortgage origination stats, etc. ppts), New York (-2.4

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Appraisal Today

JUNE 3, 2022

GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. The photo below has an exterior entrance to a bedroom, typical for an Airbnb remodeling. Julie does not include short-term rental income (STR) in her appraisals of homes with Airbnbs. External Obsolescence.

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Appraisal Today

AUGUST 19, 2022

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! NOTE: Please scroll down to read the other topics in this long blog post on Condo risks, mortgage origination volume down, 4 high growth appraisal companies, cost cutting tips, unusual homes, mortgage origination stats, etc. ==.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. We believe this will create a strong appreciation for homes and neighborhoods that are in demand in our HGTV / COVID-19 world (details below). Need To Sell?

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Appraisal Today

SEPTEMBER 8, 2023

These requests involve homes in numerous vacation spots ranging from Sedona, San Diego, Montana, Lake Tahoe, to Miami, New York, Seattle, New England, and every vacation spot in between. Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®.

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Housing Wire

JULY 26, 2023

Builders are shifting their focus to smaller, taller, and off-site homes as a response to high interest rates, financing costs and softer home buying demand, Zillow economist Orphe Divounguy said in a recent blog post. They also started a larger share of homes off-site than they had in the past. over that same span.

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Will Springer Realtor

FEBRUARY 8, 2023

Here we are venturing through a half-dozen weeks of the new year and in anticipation of a busy residential sales season when a series of tremors hit. The layoffs bring uncertainty to many thousands of households – not only for tech workers suddenly in search of a new job but with people fearing they may be next. in Bellevue.

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Appraisal Today

DECEMBER 9, 2022

By Clear Capital November 14, 2022. How to Reduce Appraisal Revision Requests. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. Address the request thoroughly and professionally. Add additional commentary where appropriate. Ask questions.

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Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

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Appraisal Today

SEPTEMBER 29, 2023

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! baths, 7,154 square feet, 130 acre lot The sprawling property boasts two parcels with a pair of bold, all-white, contemporary homes, situated atop Mount Veeder. Helena Brokerage. “I

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Appraisal Today

SEPTEMBER 17, 2022

I left the homes and contacted the lender. NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. 2,500 sq.ft.,

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Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. Sins of the Past Are Back to Haunt Appraisers. Fannie Mae Takes A Closer Look at Appraisals. By Richard Hagar, SRA. Excerpts: In the recent past, when appraisers were swamped. What’s happening now. What you can do today.

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Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. In its place, rising everything – home prices, mortgage rates and inflation (Why are eggs so expensive? What’s next?

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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. Owners are investing about $475B ( yes, billion! ) annually in home improvements across the U.S., Kitchen and bath professionals are reporting 3.9-month

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Will Springer Realtor

SEPTEMBER 8, 2021

We have covered over and over the scarcity of homes available for sale. It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). in the last 12 months. in the last 12 months. and another 10% boost in 2022.

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Will Springer Realtor

DECEMBER 8, 2021

Analysts believe items that are now in shorter supply – major appliances, computer chips and specialty goods, to name a few – will return to shelves and front porches by the end of 2022 as the pandemic (hopefully) ebbs. The median price of a brand-new home is $407,700, according to October figures from the U.S.

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Appraisal Today

MAY 20, 2022

By the way, I measured the home also. It took about 15 minutes for me to measure the home. It took about 15 minutes for me to measure the home. Its measurements were within 15 square feet of mine on a home that was just over 2,400 square feet. My comments: Desktop appraisals are a new type of assignment for appraisers.

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Will Springer Realtor

APRIL 11, 2022

If living or working in an urban area, how much is a parking space worth to you? As we prepare to mark Earth Day with greater purpose and celebrate the actions by owners at Climate Pledge Arena (pictured) and others, the question on my mind is straightforward: Do we need all the parking spaces allocated to residential and commercial areas?

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Will Springer Realtor

AUGUST 9, 2022

There is no one-size-fits-all solution to solving our shortage of affordable homes but one answer that appears to have wider appeal is to aggressively advocate for accessory dwelling units (ADUs) – either attached to a structure or detached (DADU) in a backyard. Sit, relax, enjoy the sun and take in the view. You deserve it!

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Clear Capital

NOVEMBER 30, 2021

Interview with June Homes Founder and CEO Daniel Mishin. We’re being joined later today by Daniel Mishin, who’s the founder and CEO of June Homes, and talk about some very interesting things that they’re doing to disrupt the rental space. But before we do that, let’s talk a little bit about the news, Kenon.

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Will Springer Realtor

MAY 9, 2022

As a wave of new jobs approaches the Eastside, where are they going to live? Overall, some 40,000 new positions are earmarked for the Eastside in the coming years. just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. million sq.

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Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. Until the start of this conflict, rates were expected to rise steadily through 2022 with anywhere from three to five Federal Reserve-generated hikes to stem the rapid rate of inflation. off their 2022 high of 3.92% (the highest level since May 2019).

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Will Springer Realtor

MARCH 10, 2023

IS IT ILLEGAL FOR REALTORS TO SHARE CRIME STATS? That’s especially true when shopping for a home, often the biggest transaction one ever makes. A survey conducted in 2021 by a competing real estate brokerage noted half of all owners said crime and safety were their top priorities when deciding where to move.

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Will Springer Realtor

OCTOBER 8, 2021

Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. They wonder if they missed their opportunity to buy before interest rates rise along with home values. That answer is a resounding “no” – at least for now. And that answer appears to be “yes.”

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Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s The new fees will take effect on April 1. “As However, supply remains near historically tight levels and home prices remain high, keeping the market competitive.”.

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Appraisal Today

JULY 22, 2022

Fannie’s New ANSI FAQS July 2022. Excerpts: Updated guidance, including some new and substantively revised FAQs. ————————————— Bryan Reynolds speaks with Fannie Mae representative about the new ANSI FAQ. A few of the Q&As. 37-minute podcast.

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Will Springer Realtor

NOVEMBER 12, 2021

In this monthly newsletter, we have called for a generational response to the housing shortage, particularly to address the near-absence of affordable homes. In this monthly newsletter, we have called for a generational response to the housing shortage, particularly to address the near-absence of affordable homes.

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Will Springer Realtor

JUNE 9, 2023

Our region had a net gain of 17,750 people in the 12 months ending July 1, 2022. They found that the number of households headed by 25- to 34-year-olds grew by 300,000 per year in 2016-2021, up sharply from an average annual growth of 45,000 households between 2011 and 2016, a difference of 260,000 additional households per year.

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Appraisal Today

MAY 5, 2023

Fannie’s New Appraisal Online Formats By Brent Owen Excerpts: To Be Or Not To Be (a form), That Is The Question The first thing to notice is that the ‘form’ isn’t really a form anymore. It is more of a complex decision tree or flow chart, where ‘yes/no’ questions trigger new sections and required data and supplements.

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