Appraisal Buzz

MAY 7, 2021

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news New homes are selling like it’s 2006 again. This HousingWire article reports.

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Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. Policy can affect all segments of the appraisal profession.

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Cleveland Appraisal Blog

SEPTEMBER 30, 2022

APPRAISAL REPORTS. Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised. However, enough information should be shared to help the reader begin to develop an idea of how the property being appraised fits into the overall market.

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Appraisal Buzz

JUNE 21, 2021

As millennial families grow, remote work endures, and home prices skyrocket, houses constructed as single-family rentals gain in popularity. The post Study Shows Build-to-Rent Market in ‘Turbo Mode’ appeared first on DSNews. The post Study Shows Build-to-Rent Market in ‘Turbo Mode’ appeared first on Appraisal Buzz.

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McKissock

MAY 6, 2022

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. It requires more work, so you want to be sure that you are charging for your effort.

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Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. They wanted to know if it was okay to use a new construction sale as a comp for an older home.

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Appraisal Buzz

MAY 24, 2021

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Three Common Methods Appraisers Can Use. That’s where possible hurdles can arise.

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Riverfront Appraisals

AUGUST 31, 2021

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

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Appraisal Buzz

SEPTEMBER 5, 2022

This is part three of a three part series on appraisal review – Read parts one and two. When interacting with executive managers, I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” The Recent History of Appraisal Revisions. Complexity in Process and Properties.

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Cleveland Appraisal Blog

SEPTEMBER 21, 2023

The real estate market has been on a crazy ride for the past few years. Frankly, much of my work has been time-consuming for many reasons, including trying to measure different markets in this interesting time. In the meantime, I had a chance to interview Anastasia Corjan, who is the Senior Marketing Manager at CubiCasa.

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Appraisal Buzz

JULY 5, 2021

The appraisal industry — just like so many others — has taken all kinds of twists and turns over the past year. While nobody can tell what the future holds, market trends and industry professionals can indicate patterns going forward, even if nobody knows for sure. Specifically, construction labor is in short supply.

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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. This article addresses several issues with the real estate appraisal profession that are worthy of further examination and comment.

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Sacramento Appraisal Blog

JUNE 22, 2023

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly.

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Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. After months of paperwork and organizing teams, many experts believe the allocated funding will start positively affecting the real estate market. construction sites.

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Cleveland Appraisal Blog

JUNE 17, 2022

What’s the difference between a newly constructed home and a hundred-year-old home? When developing an opinion of the market value of a property, what appraisers are really measuring is how much depreciation a property has suffered from, and more specifically how much depreciation the improvements on the land have depreciated.

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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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Appraisal Buzz

JANUARY 14, 2022

The negative impacts on the marketability of residential properties caused by odors from pet dander, feces, and urine can be significant factors in the price a buyer is willing to pay. For example: I had an assignment to appraise a 3,500 sq. four-year-old masonry house of well above average quality construction.

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Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

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Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

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Chicagoland Appraisal Blog

AUGUST 1, 2023

Reading a home appraisal might feel overwhelming at first, but worry not! While each appraisal may have slight variations, the following structure offers a general roadmap to help you smoothly navigate through it. Before you know it you’ve carefully read and understood the appraisal.

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Housing Wire

FEBRUARY 8, 2022

Desktop appraisals arrived in March of 2020, allowing the housing market to keep humming while many stayed indoors to prevent the spread of COVID-19. Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic.

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Appraisal Buzz

NOVEMBER 18, 2021

After a torrid start to the year, home price appreciation will slow, and new construction will replenish the nation’s inventory in the second half of 2002. The post Balance to Return to the Housing Market appeared first on DSNews. The post Balance to Return to the Housing Market appeared first on Appraisal Buzz.

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DW Slater Company

JUNE 2, 2021

However we describe we are currently experiencing rapidly appreciating real estate markets. Not just in our local North Texas markets but in many places nationwide. You hear about bidding wars and how difficult it is to buy a home in this market. What are appraisers to do? Appraisers are working harder than ever.

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Appraisal Buzz

MAY 18, 2022

Desktop Appraisals have evolved so much in the past 3 years alone — how exactly can appraisers keep up on the changes and impact on the appraisal industry? Join us for our upcoming webinar, “ Desktop Appraisals – Yes, No, Maybe? ” Have all of your burning questions about Desktop Appraisals answered and more!

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Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. There’s also the problem of declining home values and appraisals coming back lower than the investor’s expectations.

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Appraisal Buzz

DECEMBER 13, 2021

.” We sat down with Greg Stephens, coordinator of this webinar with Metro-West Appraisal Company, to learn more about this free upcoming webinar. Greg: My background in the appraisal industry spans 44 years. Since 1987, I have been teaching appraisal-related courses through my seminar company, Appraisal Seminars.

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George Dell

MARCH 9, 2022

The conditions of the market, in real estate, means the relationship between supply and demand. Supply and demand issues (at a point in time) are particularly important for new construction. The post What is Market Conditions? In such cases, forecasting may also be important where build-out and rent-up times affect value.

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Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. Appraisers are able to do what is referred to as a “ subject to appraisal ” by looking at the scope of work that owners may want to do.

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Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. People who are willing to spend tens of thousands more than the market will really support, seem to be speculating that things will continue as they are.

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Appraisal Buzz

JULY 12, 2021

We sat down with Greg Stephens, coordinator of this webinar with Metro-West Appraisal Company, to learn more about this free upcoming webinar. Since 1987 I have been teaching appraisal-related courses through my seminar company, Appraisal Seminars. Can’t make that time for the webinar?

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Appraisal Buzz

MAY 9, 2022

It is no secret that log homes do not appraise well. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market? Many appraisers in urban areas like Chicago believe that the log home market is irrelevant and is not worth exploring.

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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. Appraisal Business Tips .

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Appraisal Buzz

MARCH 16, 2022

Builder confidence in the housing market for newly built single-family homes moved two points lower to 79 in March from a downwardly revised reading in February, according to the newest National Association of Ho m e Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the.

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Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. San Diego, California. Springfield, Missouri. As the overall U.S.

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Appraisal Buzz

MAY 2, 2024

She also previously served as sales and product manager for one of Xactus’ divisions, Appraisal Firewall. The post Xactus Names Danielle Walker SVP, Business Development appeared first on Appraisal Buzz. Danielle Walker has been promoted to senior vice president, business development, at Xactus.

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Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . At Simonson Appraisals, our team works tirelessly to ensure those worries are needless. This allows us to continue to deliver well-reasoned and credible appraisal reports.

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Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It pulls information from more than 30 data providers.

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