Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? baths, 16,225 sq.ft.,

Contracts 84

Contracts Appraisal Mortgage Inspection 84

Appraisal Today

JULY 28, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, USPAP and Bias, Fannie changes, unusual homes, mortgage origination Futuristic in Folsom, CA, near Sacramento for $2,395,000 4bed 4.5+bath Varies widely around the country. == Mortgage applications decreased 1.8 There is none of this!

Appraisal 79

Appraisal Contracts Mortgage Clients 79

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. = If you started appraising before AMCs took over, such as mortgage brokers, you had to do some marketing.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Empire Appraisal Group

FEBRUARY 15, 2024

Real Estate and Design Trends to Watch in 2024 Design & Architecture , Design Trends By: Barbara Ballinger Source: [link] From ecosystem conservation to “new” darker neutrals in exterior paint, we look at the trends set to take hold in the industry this year. Laurel Vernazza, Home Design Expert at The Plan Collection— Scarsdale, N.Y.

Design 78

Design Real Estate Architecture Property Management 78

Housing Wire

APRIL 11, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. Wait, what?

Inventory 498

Inventory Housing Market Marketing Modernization 498

Housing Wire

MARCH 29, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. Wait, what?

Inventory 404

Inventory Housing Market Marketing Modernization 404

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. acres of coastal land.

Appraisal 79

Appraisal Contracts Training Architecture 79

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates.

Mortgage 36

Mortgage Real Estate Law Lending 36

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. While most of the changes won’t have a significant impact on how you perform appraisals, it is nevertheless important to know and understand the changes before they go into effect on January 1, 2024. can add up.

Appraisal 79

Appraisal Law Contracts Business 79

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. What Fannie Says About 3d Printed Homes in Announcement SEL-2023-08September 6, 20233D printed homes are an innovative building technique that brings efficiency and potential cost savings to new home construction.

Appraisal 79

Appraisal Contracts Business Construction 79

Appraisal Today

FEBRUARY 9, 2024

Appraisers Riding the Waves of Up and Down Mortgage Rates Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! single-family homes for sale in the fourth quarter were new construction. Acre lot, built in 2023 as a spec home. .

Appraisal 79

Appraisal Contracts Insurance Construction 79

Will Springer Realtor

MARCH 10, 2023

However, many potential buyers appeared to be in a wait-and-see mode amid a backdrop of rising mortgage rates that usually spell affordability challenges. The structures have been topped out and construction cranes are coming down. The 20-story luxury condo Mari is under construction with a 2024 target opening.

Construction 36

Construction Modernization Buyers Inspection 36

Will Springer Realtor

OCTOBER 3, 2023

Cities and counties are not required to authorize the construction of an ADU where development is currently restricted under rules related to the proximity of an on-site sewage system, critical environmental areas or other unsuitable physical characteristics of a property like where there are landslide risks.

Law 66

Law Design Construction Government 66

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. By Mark Buhler.

Construction 52

Construction Appraisal Modernization Contracts 52

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. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

MAY 13, 2024

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. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). >> Bellevue is rated No.

Buyers 36

Buyers Development Construction New Listings 36

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. It would cost the owner of an $800,000 home in Seattle about $360 in 2024, or more than triple the expiring housing levy of $115. . = Zoning laws in the U.S.

Law 36

Law Development Design Government 36

Will Springer Realtor

MAY 9, 2022

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. million sq.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”. falls into a recession.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. Rainier-esque peak of a decade past!

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

DECEMBER 12, 2023

To a happy 2024! = It was a year of gyrating mortgage rates and stubbornly high home prices. Mortgage rates rose and rose again to more than 8% but have since mercifully fallen by nearly a percentage point. Just for Fun: In December 2022, the National Association of Realtors® projected mortgage interest rates would be 5.7%

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

NOVEMBER 10, 2023

Clarence Stone, from American Political Science Review, offered this after reading Privatopia: “For those genuinely concerned with the moral fiber of modern America, they might well heed McKenzie’s warning about uncritically accepting the privatization of citizenship in an income-segregated society.” Six out of 10 builders in the U.S.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JUNE 9, 2023

mortgage holders considered “equity rich” – with 50% or more equity in their homes – fell in Q1 to 47.2% mortgage holders considered “equity rich” – with 50% or more equity in their homes – fell in Q1 to 47.2% of mortgage holders in our state are equity rich, down from 58.5% JUNE HOUSING UPDATE Home prices and mortgage rates.

Buyers 36

Buyers Transportation Housing Market Law 36

Appraisal Today

MAY 5, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Appraisal Institute President, non-lender appraisals, Changing state appraisal laws, Fannie modernization, unusual homes, mortgage origination stats, etc. I strongly support Byron Miller for 2024 AI Vice President. Mortgage applications decreased 1.2

Appraisal 52

Appraisal Contracts Architecture Law 52

Will Springer Realtor

MARCH 11, 2024

Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders. at the start of 2024 after increasing them by 8.7% Our state’s mortgage holders with at least half of their home equity fell from 56.7% Source ) Locally, Puget Sound Energy raised electric rates by 1.7%

Insurance 36

Insurance Sellers Real Estate Buyers 36