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Settling on a New Normal for Appraisals in 2022

Appraisal Buzz

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. 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.

Appraisal 397
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Existing home sales data shows extent of housing inflation

Housing Wire

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

Inventory 450
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Modern House Flipping Software: 8 Innovative Tools You Need

Listing Spark

For experienced flippers, there’s more competition in an already tight market. For people who want to try house flipping as a new real estate investor, there’s an opportunity in the market. As house flipping’s popularity rises, you’ll see new apps and services oriented towards this market.

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State of the mortgage industry half-time report

Housing Wire

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

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HW+ Member Spotlight: Jeremy Potter

Housing Wire

This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner. Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation.

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Rise above the panic, for the housing market’s sake

Housing Wire

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. Reading headlines or, in this case, Tweet threads , rooted in the “demise of the market,” tend to create false pretenses that sway investment decisions, often when they shouldn’t.

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The hybrid appraisal is here. Who benefits?

Housing Wire

When we started, the idea was to obtain exterior photos as fast as possible, at a time when Uber, Lyft and marketing technology was advancing, and anyone with a smartphone could get exterior photos,” said Tomaszewski, who worked to turn his idea into ProxyPics. The State of Appraisals in 2022. An offer comes in at 5 p.m.

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