Housing Wire

DECEMBER 14, 2021

The Federal Housing Finance Agency (FHFA) is the latest stakeholder to examine how racial bias may creep into property valuations. But when the FHFA hunted for examples of racial bias by keyword searching the free-form commentary section in millions of appraisal reports, it found thousands of references to race and ethnicity. “The

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Appraisal Valuation Finance Training 459

Appraiserblogs

APRIL 15, 2024

In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. As a professional real estate… Slandering Appraisers. As Chance acknowledges, the Institute should have done more to.

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Appraisal Valuation Training Real Estate 144

Appraiserblogs

MARCH 7, 2024

Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. Despite its roots in a methodology designed to support appraisers, Value.

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Modernization Appraisal Valuation Appraisal Process 141

Appraiserblogs

JANUARY 8, 2024

It is appraisers who are destroying the message. The seeming destruction of the appraisal profession by the federal government, GSEs and lending stakeholders is a collective action problem. Appraisers are responding to new GSE and lending dictates with reactions based on our own personal well-being. Or so it seems.

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Appraisal Valuation Lending Contracts 131

George Dell

JANUARY 24, 2024

Appraisal time adjustments are also labeled as “market conditions” adjustments. Or, more recently in Evidence Based Valuation, “Market Price Indexing (MPI)©”. The FHFA blog post of 1/16/2024 defines “underappraisals” as those loan appraisals which come in below the contract price. Time adjustments are not required.

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Contracts Valuation Appraisal Marketing 338

Appraiserblogs

MARCH 28, 2024

Lanham, 20/20 Valuations, and loanDepot.com, U.S. This is one of the appraisal discrimination cases that has received significant attention – among appraisers, the media and government agencies. Connolly and Mott v. District Court, Maryland.

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Appraisal Valuation Law Government 112

Appraiserblogs

FEBRUARY 21, 2023

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals. This is an analysis of Freddie Mac's misleading and basically defamatory paper on Appraisal Gap.…

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Valuation Contracts Home Value Sellers 138

DW Slater Company

FEBRUARY 13, 2024

Love in Real Estate I’m I wrote this blog – 4 Things I Love About Being a Real Estate Appraiser- 10 years ago! We have experienced some very large swings in the market regarding the number of appraisals needed from a very high volume where appraisers couldn’t keep up, to the now very low volume of appraisal requests.

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Real Estate Appraisal Valuation Real Estate Agent 146

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 312

George Dell

JULY 13, 2022

How do Standards effect the excess of appraisers? The excess of appraisers is cyclical. In this blog issue, we consider the second friction (appraisal standards). Together and separately these prevent improvements in valuation, including additional services of risk measurement, forecasting, […].

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Appraisal Valuation Clients 195

Appraiserblogs

MARCH 22, 2023

At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations. The End of Appraisers?

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Valuation Appraisal Mortgage Marketing 109

Appraiserblogs

AUGUST 2, 2022

On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with. Appraisers, an appraiser….

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Valuation Appraisal Realtors Marketing 115

Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Not professional appraisers. Appraisers will provide market trends for the properties that compete with the property being appraised.

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Appraisal Market Value Legal Property Appraisal 359

Sacramento Appraisal Blog

AUGUST 2, 2023

It’s also made valuations more difficult. Today I want to share some stats and talk about appraising in today’s market. Scroll by topic or digest slowly.

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Sellers Housing Market Marketing Valuation 265

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. An appraiser may miss that sale through no fault of their own.

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Agents Appraisal Renovations Development 380

Appraiserblogs

NOVEMBER 11, 2022

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. I mean no disrespect to the modelers of the Automated Valuation Models (AVMs) or to Zillow for relying on their AVMs. Related Posts: Non-Appraisers Valuation Never Appropriate Here is a NAR deck on AVMs (automated valuation models).

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Appraisal Valuation Lending Investing 105

Appraisal Buzz

JULY 26, 2021

The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. The article accurately notes the lack of diversity in the appraisal profession. through the family business, b.

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Appraisal Real Estate Inspection Training 370

Appraiserblogs

APRIL 1, 2022

The blame game against appraisers is continuing the fast and furious start, evidenced by the PAVE report. A synopsis is in the link: PAVE task force delivers plan on appraisal bias – Lexology Key info from the PAVE report. The post PAVE May Pave Over Appraisers appeared on Appraisers Blogs. Dear ASC: Details.

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Appraisal Valuation Tools Technology 134

Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The intent is to create a set of standards that increase confidence in the use of AVMs, according to the announcement.

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Valuation Design Law Insurance 394

Miller Samuel

AUGUST 8, 2020

In 2005, I was interviewed by CNBC in the midst of the Housing Bubble and said that 75% of the appraisals being done then weren't worth the paper they were written on (hey it was 2005 and they were done on paper, not pdf). They found me because I had just started my Matrix Blog because no one seemed to be listening to appraisers.

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Appraisal Valuation Business Mortgage 367

Appraiserblogs

AUGUST 4, 2023

The entire concept of bifurcated appraisals represents a fundamental misunderstanding of the appraisal process. million armed robbery of a… Hybrid Assignments, the Consequences The concept of a third party providing one or more functions in an appraisal assignment is nothing new.

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Appraisal Inspection Appraisal Process Law 122

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

Did I give up on blogging and podcasting? Anyhow, I’ve missed blogging and I’m sorry for being gone so long. Anastasia Corjan reached out to me a little over a year and a half ago to invite me to be an Appraisal Ambassador for them. I hope you all have been doing good and hanging in there. Did I go dark?

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Marketing Real Estate Agent Real Estate Appraisal 306

Appraiserblogs

APRIL 10, 2023

The article titled “FHFA Data Fueling Looks into Appraisal Bias” was in the Inside Mortgage Finance Publications e-newsletter on 4/06/23. According to aggregate statistics from the Uniform Appraisal Dataset released by the FHFA, roughly 57% of appraisals were above the contract price in 2021. The article does not stress ‘bad.’…

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Appraisal Contracts Valuation Finance 116

Cleveland Appraisal Blog

JUNE 30, 2023

I’m playing catch-up on blogs with the help of my guest bloggers. I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. Here are some tips to help you transition to a new city and begin a new chapter in your life, shared below by Cleveland Appraisal Blog.

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Real Estate Agent Appraisal Bracketing Decorating 245

Appraiserblogs

FEBRUARY 28, 2024

On February 13th, 2024, the fourth ASC appraisal bias hearing took place. The hearing was a crucial event for the appraisal industry, and it is important for all appraisers to be aware of the discussions and topics addressed. The panel of witnesses included: David Bunton, President, The Appraisal Foundation E.C.

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Appraisal Lending Real Estate Valuation 131

Appraiserblogs

APRIL 25, 2023

Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years. Their latest twist is to re-categorize many appraisers as “Unlicensed Data Collectors.”

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Appraisal Law Inspection Training 125

Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Industry groups should also step up to support appraisers. It is human nature.

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Appraisal Contracts Valuation Design 67

Appraiserblogs

MARCH 13, 2023

As real estate appraisers, we understand the importance of accuracy and fairness in our work. We are expected to perform valuation services competently and in a manner that is independent, impartial and objective. Related Posts: Appraiser Miller Wins Appraiser Miller wins important claim in racial discrimination lawsuit.

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Appraisal Legal Valuation Real Estate 136

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. What do you think?

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Inspection Appraisal Technology Clients 375

Appraiserblogs

SEPTEMBER 20, 2023

It’s a Great Time to Leave the Appraisal Profession. I can hear the chorus of my fellow appraisers rising up in disagreement with me. I envision many of them screaming, “But I love being an appraiser”! I loved being an appraiser too. No appraisal required on those! Yeah, I hear you.

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Appraisal Marketing Valuation 148

Cleveland Appraisal Blog

FEBRUARY 11, 2022

Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. If you’re in need of an appraisal, I highly recommend not going with the cheapest appraiser. At first glance, two appraisals may both look impressive to someone who doesn’t know anything about appraisals.

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Appraisal Market Value Clients Design 221

Valuation Review

NOVEMBER 3, 2021

Dustin Harris' (“The Appraiser Coach”) blog post, “Knowing Your Why is the Key to Success,” is highlighted for this month’s Valuation Review installment. Harris shares his thoughts with regards to reminding appraisers how important that word “why” will be to them. Read on for more helpful tips.

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Valuation Review Appraisal Valuation 145

Miller Samuel

MAY 1, 2021

Barry also posted the interview on his essential Big Picture blog: MiB: Jonathan Miller, Appraiser Extraordinaire in addition to the Bloomberg Masters In Business landing page. To say we talk a lot about housing and valuation in a crazy market wouldn't do this fun conversation any justice.

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Real Estate Business Valuation Appraisal 418

Miller Samuel

OCTOBER 3, 2023

I documented my approach to its valuation back on May 5, 2010 on my Matrix blog , after years of getting calls from real estate agents asking how to value them, this post was born: [Terra Logic] Understanding The Value of Manhattan Apartment Outdoor Space. Urban Digs approaches it differently, but it comes out the same in the wash.

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Real Estate Agent Valuation Real Estate Agents 195

Appraisal Partners Blog

AUGUST 2, 2023

Introduction Home appraisals and sale prices are two integral components of the real estate market that often spark curiosity among homebuyers, sellers, and industry professionals alike. It is a common belief that home appraisals should precisely match the sale price, ensuring fair and accurate property valuations.

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Appraisal Valuation Real Estate Sellers 78

Appraiserblogs

JUNE 9, 2021

Lenders are convinced that a statistically supported appraisal is a more reliable valuation. Does anyone that understands the home valuation process really think a “statically supported” appraisal makes for a better quality report? … Will Big Data Put Appraisers Out of Business?

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Appraisal Valuation Business Technology 125

Appraiserblogs

SEPTEMBER 26, 2022

The bill will encourage important reforms to the agency’s requirements regarding when an appraisal is necessary, how appraisals are conducted, and who. Proposal to Eliminate the VA Fee Panel VA Fee Panel - The Appraisal Institute does not believe that a move to a lender select program, such as….

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Appraisal Valuation Mortgage 97