2022 Contracts Modernization Property Appraisal 
Appraisal Today
OCTOBER 27, 2023
Strange Encounters in Property Appraisal By: McKissock Excerpts: Property appraisal is not typically thought of as a “dangerous” profession per se. However, you may encounter some strange—or even spooky—properties from time to time. percent, its highest since November 2022.” percent the previous week.
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. An excellent way to get more appraisal business!
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Appraisal Today
JUNE 17, 2022
Excerpt: We continue to see claims alleging that the rural property appraiser failed to adequately identify or report details surrounding a water source. In one claim, the appraiser correctly noted that the property was serviced by a “private water well.” USPAP and the Contract. My Comments on Market Changes.
Appraisal Today
AUGUST 18, 2023
homes are worth $1 million or more, near June 2022’s all-time high of 8.6%. Traut, McKissock Learning Excerpts: When appraisers receive appraisal assignment requests, they ask themselves if the fee is acceptable, am I competent for this assignment, can I meet the deadline, and so on. Just over 8% of U.S. Or hit the reply button.
Housing Wire
NOVEMBER 30, 2021
The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%
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. So, it’s pretty safe to state that the “appraiser shortage” of yesteryear is over, and reviewers now have more time on their hands. How to Avoid and Respond to Appraisal Board Complaints. What’s happening now.
Clear Capital
JUNE 21, 2022
When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry.
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