Appraisal Today

JANUARY 19, 2024

” I use the phrase sometimes ;> It’s one of the few times appraisers are in movies or TV series! NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. Opens in You Tube.

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Appraisal Today

APRIL 19, 2024

She explains how pioneering research in psychology revealed that all humans have cognitive biases, but professionals like appraisers are trained to minimize bias through rigorous methodology. I have been saying for a while that all humans are biased in some way. Industry groups should also step up to support appraisers.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Home price s.

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Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? There is a prohibition on averaging techniques, but that applies in the Reconciliation section with regards to reconciling the three approaches to value. Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers.

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Appraisal Today

JULY 28, 2023

I have subscribed to his emails for a long time. 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 year-over-year. Over improvement??

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Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The 10-year yield shows where mortgage rates will go.

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Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. The recent growth broke that streak, but demand is still low. The recent growth broke that streak, but demand is still low. Year to date, we have had 11 positive and 11 negative prints.

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Appraisal Today

OCTOBER 7, 2022

Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. 54% of appraisers report that appraisal management companies (AMCs) have been among the greatest challenges in their businesses in the past year; 30% cite expanding regulations.

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Appraisal Today

NOVEMBER 25, 2022

I was appraising a home for a divorce several years ago. We met at 9:30 am, which was an odd time that he requested. When I arrived at the home, he said that she wasn’t home and had locked all the doors, so he called a locksmith to come to open the back door. I thought it was the wife, but it turned out to be a neighbor.

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Appraisal Today

AUGUST 19, 2022

Review the specific lender requirements and make sure you covered all the bases. NOTE: Please scroll down to read the other topics in this long blog post on Condo risks, mortgage origination volume down, 4 high growth appraisal companies, cost cutting tips, unusual homes, mortgage origination stats, etc. ==.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Last year we had COVID-19 comps. The year-over-year data is down 16%. What is going on here?

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Appraisal Today

NOVEMBER 10, 2022

Use of unsupported or subjective terms to assess or rate, such as, but not limited to, “high,” “low,” “good,” “bad,” “fair,” “poor,” “strong,” “weak,” “rapid,” “slow,” “fast” or “average” without providing a foundation for analysis and contextual information. To read more, click here. Nothing new, but good reminders.

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Housing Wire

NOVEMBER 16, 2020

With COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market is a question that should be addressed. In a previous article, I identified infection rates during the winter months as one of the economy’s high-risk variables.

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Listing Spark

JULY 5, 2023

Just over a year ago, homes on the market in Austin were available for only 19 days. Real estate investors who want to stay nimble in this market (especially as inventory stays low and prices stay meteorically high) need to adopt every tool at their disposal to stay informed and to quickly assess homes just entering the marketplace.

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Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. This year, this option was broken into three separate AMC-related issues. This is up sharply from 27 percent last year.

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Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M To read these new Q&As Click Here.

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Appraisal Today

AUGUST 13, 2023

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. If you’re looking for a Paso Robles property that truly offers it all, you found the perfect destination to bring your wine country dreams to life. It definitely can be very useful, as Dustin explains.

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Appraisal Today

NOVEMBER 17, 2023

For example, property data collectors (PDCs) may be engaged by lenders for very low-risk loans where an appraisal is not required. My article in the November issue of Appraisal Today has lots of information, including lists of which AMCs use PDCs. Will Jazz Icon Dave Brubeck’s Former Midcentury Treehouse in NorCal Sway a Buyer for $3M?

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Appraisal Today

SEPTEMBER 2, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. You might be surprised at your client’s response if you take the time to educate him or her. Educate your appraisal clients.

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Will Springer Realtor

JANUARY 9, 2024

As the clock struck midnight on New Year’s Eve, the nation’s attention may not have been completely fixed on a descending Waterford crystal ball in Times Square. Instead, many eyes may have been captivated by something else dropping – interest rates. Treasurys and mortgage-backed securities.

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Will Springer Realtor

APRIL 10, 2024

Another requirement of the settlement mandates that buyers must enter into a written services agreement with a broker before touring homes – or “as soon as reasonably practical,” according to current Washington law. Negotiating compensation terms with agents will become increasingly common and may vary from one transaction to another.

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Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Here’s a quick rundown of the last week: Active inventory grew 8,914 week to week, even though new listing data is still trending at all-time lows in 2023.

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Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

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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. history, continues its march into prime home-buying years at a rate of more than 4.5 In fact, 36% of all Seattleites are Millennials. points at 34.

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