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Quality Adjustments for Appraisers

Appraisal Today

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? How reliable is that data? Excerpts: Five bedrooms, 7.5

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NAR Appraisal Survey 2022

Appraisal Today

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. 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.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

This, coupled with a significant portion of homeowners standing pat with mortgages at or below 4% interest (and other factors) is causing the market to lose steam. Home shoppers often focus on the direction of mortgage interest rates, which have jumped more than two percentage points this year alone to a range of 5.75%-6.0%