2022 Appraisal Process Contracts Modernization 
Appraisal Buzz
DECEMBER 27, 2021
There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. The appraisal industry faced a shortage of appraisers during the hot housing market.
Housing Wire
JULY 12, 2022
It’s a model in stark contrast to that of inspections for traditional appraisals. It may also be viewed as revolutionary for an industry in which the most significant change to the appraisal process in the past few decades was the advent of appraisal management companies as an intermediary between lenders and appraisers.
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Appraisal Today
JANUARY 20, 2023
Excerpts: Appraisers, I recently sent out a message asking appraisers to send me three data points comparing borrower-paid appraisal cost, and average AMC paid assignment fees in October, November 2021 and the same months in 2022 – for SFR assignments. Maybe the AMC’s will fade away along with the appraiser. . =
Appraisal Today
MAY 17, 2024
Originally hitting the market in 2022 for $72 million, the estate has seen various price decreases since then. Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process. percent from 7.18 percent, with points decreasing to 0.63
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. I’m always looking for something new ;> U.S.
Listing Spark
MARCH 15, 2022
One of the biggest differences is that the buyer does not get involved in the appraisals. In the case of the refinancing appraisal however, homeowners have the opportunity to participate, so the benefits can be great. What is the home appraisal process like? How to improve your appraised value. Love this list?
Housing Wire
NOVEMBER 30, 2021
Regardless of the size or complexity of a system or process, it is time to look at whether the impact it has on people is equitable. And the appraisal process is no exception. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4% All people.
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