Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M Excerpts: 4 Bedrooms, 4.5

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Will Springer Realtor

MAY 3, 2022

New construction succeeds when the designs marry past with future while fitting in with their surroundings. It’s an ideal held by both Paul Thiry, a pioneer of modernism in the Pacific Northwest, and Daniels Real Estate, the creative inspiration behind Seattle’s newest residential achievement, Graystone. Storage units of about 15 sq.

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Lamacchia Realty

OCTOBER 11, 2023

However, with modern construction standards and proper precautions, these challenges become manageable. Overcoming Common Challenges Every state has its challenges, and Florida is no exception. Natural events like hurricanes can be a concern for many prospective homeowners.

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Raleigh Realty

JULY 12, 2022

Statista) The average monthly spending on private construction has been increasing since 2011. Statista) Surprisingly, most homeowners stick to their home improvement budgets in 2021 (36). (Statista) More than two-thirds of construction or design-related firms report that they expect 2022 to be a good or very good year for their business.

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Appraisal Today

JULY 28, 2023

by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. I wrote about the July 17 Freddie announcement in this newsletter’s June 16, 2023 issue.

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GoForrmz

MAY 4, 2023

However, introducing digital tools into daily operations has many benefits, especially for small construction businesses. As we observe construction safety week and small business month, check out these three ways you can streamline your small construction business with digital solutions to prioritize safety, collaboration, and much more!

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Appraisal Today

NOVEMBER 24, 2023

The most recent E&O issue is July 2023, available to paid subscribers. Click here for more info If you are a paid subscriber and did not get the November 2023 issue emailed on Wednesday, November 1, please email info@appraisaltoday.com , and we will send it to you!! November 22, 2023) — Mortgage applications increased 3.0

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Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. built in 1825 Excerpts: 8 bedrooms, 5.5+

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Appraisal Today

AUGUST 18, 2023

Designed and built by world-renowned contractor, Matt Construction, interior designers Meyer Davis and architects Shubin + Donaldson, no expense was spared in constructing this exceptional estate over a six-year period. August 16, 2023) — Mortgage applications decreased 0.8 baths, 34,380 square feet, 2.65

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GoForrmz

DECEMBER 29, 2022

Resolve to streamline your business with digital forms in 2023 By now you’ve heard the phrase “New Year, New Me” at least a time or two, but have you started thinking about ways to apply that theory to your business? If you haven’t considered moving from paper to online forms , it’s time for your team to enter the modern era of data capture.

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Appraisal Today

JUNE 16, 2023

Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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Will Springer Realtor

JANUARY 24, 2023

Infinity Shore Club Residences delivers the ultimate in luxury and modern living along with unobstructed waterfront vistas just far enough away from the city’s clamor. Like other construction projects, Infinity was hampered by the pandemic, a concrete workers’ strike, supply-chain disruptions and the closure of the West Seattle Bridge.

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Appraisal Today

APRIL 26, 2024

The One-Mile Rule: Prudent Policy or Modern Day Redlining? Mortgage rates continued to move higher last week, reaching their highest levels since late 2023 and putting a damper on applications activity. percent, the highest since November 2023,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. By Dallas T.

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Appraisal Today

FEBRUARY 24, 2023

The real estate appraisers of old used to network more, market their services, and sell themselves more than today’s modern appraiser,” remarks Mark Skapinetz, an independent real estate appraiser in Georgia who operates a 100 percent non-lender appraisal firm. Budget cuts. Retraction. To read more, click here My comments: Very interesting!

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Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = May 17, 2023) — Mortgage applications decreased 5.7 Every piece of material used tells a story.”

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Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. First finished homes projected to be finished in September, 2023.What Interesting that the Fannie change came out September 7. == New in the September 2023 issue of Appraisal Today Appraisers vs. Lenders.

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Housing Wire

MAY 8, 2023

When including the approximately 900,000 single family homes constructed by new homebuilders during the year, according to data from the Census and U.S. This provides modern-feel homes to mostly newer homeowners. foreclosure auctions, shows volume at just 60% of pre-pandemic (Q1 2020) levels in the first quarter of 2023.

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GoForrmz

APRIL 26, 2023

In January 2023, OSHA announced a fierce new plan to address workplace safety concerns that would go into effect in March, notably including a significant increase to serious workplace safety violations from $14,502 to a maximum $15,625 fine with a multiplier included.

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Appraisal Today

FEBRUARY 23, 2024

million, then in June 2023 for $19.7 Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. A local lender gave me an appraisal assignment on the proposed construction of 7 units in the city. Excerpts: 8 bedrooms, 7.5+ baths, 12,770 sq.ft.,

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Appraisal Today

NOVEMBER 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc. acre lot A spectacular midcentury modern home, cantilevered 16 feet in the air, recently hit the market for $3 million in Oakland, CA.

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Appraisal Today

FEBRUARY 16, 2024

In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians. the price of the Naples compound was justified not only because of the size, location, and yacht basin, but also because it would be difficult to construct such a property again. in October 2023.

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Appraisal Today

NOVEMBER 10, 2023

Originally constructed in 1973, an 1100 ht.sq.ft. addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. Additions may be constructed, outbuildings added, and zoning regulations updated. A highlight of this exceptional home is its recently updated kitchen, completed in 2022.

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Will Springer Realtor

OCTOBER 3, 2023

The state must add 55,000 homes – or 17,000 in King County alone – per year over the next two decades to meet growing demand, according to Department of Commerce projections published in early 2023. Many offer a comprehensive package that handles the building permits, design and construction of a dwelling.

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Appraisal Today

OCTOBER 13, 2023

Though the hotel never came to be, the lobby, which appears to grow out from within the rocky overlook, was constructed. It’s quite amazing how the midcentury modern style has endured, persisted, and reemerged. October 11, 2023) — Mortgage applications increased 0.6 percent from one week earlier WASHINGTON, D.C.

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Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B The panel’s first hearing on such topics occurred in January 2023. billion tax fraud scheme.

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Appraisal Today

FEBRUARY 9, 2024

Acre lot, built in 2023 as a spec home. single-family homes for sale in the fourth quarter were new construction. Construction also jumped during the pandemic as builders responded to surging homebuyer demand fueled by record-low mortgage rates. This home’s special features are the panoramic vistas. Nationwide, 31.8% Lee Miller.

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Appraisal Today

DECEMBER 23, 2022

Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” My comments: George continues on his long-time quest to really modernize residential appraisals, not just designing another type of online report or speeding up the appraisal process with AVMs and desktops. To read what more, click here.

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Will Springer Realtor

MAY 13, 2024

In March 2023, we had an undersupply of 1.7M Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. home sales in 2023, the highest level since 2014. Only 27 Insignia homes were sold in all of 2023 and 29 the year before.

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Appraisal Today

JANUARY 26, 2024

However, new construction back then really struggled, but today in light of so many sellers sitting in the existing market, builders have been thriving. Designed in 1986 by the famous architect Arthur Dyson, we have done our best to bring it into modern times. trillion in 2023. Here’s the formula. by the fourth quarter.

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Contracts Appraisal Mortgage Inspection 85

Will Springer Realtor

AUGUST 11, 2023

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.

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Empire Appraisal Group

FEBRUARY 15, 2024

In fact, it’s growing in popularity, and received a boost in January 2023, when the Department of Energy (link is external) announced federally backed incentives to help builders make DOE-certified Zero Energy Ready Homes their standard. After slowing from 2012 to 2014, spec building has picked up, due to an uptick in migration.

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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. In this category, you find the properties that represent the whimsical side of the design and prove there is no idea too out there when it comes to constructing a building. What’s happening now. Or hit the reply button.

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Will Springer Realtor

APRIL 11, 2022

Yun offers a silver lining: “I expect the pace of price appreciation to slow as demand cools and as supply improves somewhat due to more home construction.”. First, even though construction is starting to catch up, we have a huge 5.8 In other words, the sluggish pace of new construction might continue to keep home prices high.

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Will Springer Realtor

SEPTEMBER 12, 2023

A modern version of the regrade is taking place along the downtown waterfront (pictured above) with the addition of Overlook Walk, a breathtaking pedestrian bridge and viewing deck that will soon connect with Pike Place Market and other attractions in downtown. Pro tip: Always bring a buyer broker to represent you to a new construction site.

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Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

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Will Springer Realtor

JANUARY 9, 2024

BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index. LUXURY LIVING To no one’s surprise, few high-end homes came on the market in late 2023/early 2024 – typically the quietest time for luxury real estate each year. List price: $6.499M ($1161/sq.

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Housing Wire

MAY 16, 2022

Another provision, originally floated in Biden’s 2023 budget , would give HUD $25 billion to distribute to state and local housing finance agencies, their partners, tribes and territories, for developing housing of “modest density,” or less than 100 units.

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