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Increasing Diversity in Appraisal Profession.

Appraisal Buzz

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.

Appraisal 370
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How to Find Comps With Few Sales

Appraisal Today

GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. baths, 12,770 sq.ft.,

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Cost Approach – When to Use in Appraisals

Appraisal Today

Fannie Mae and the Cost Approach. Excerpt: We often receive questions from appraisers regarding Fannie Mae and the cost approach. For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. It just means Fannie Mae won’t buy that loan.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Killed by Carbon Monoxide: Appraiser Blamed. Read this article on how to check CO detectors. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. You may save someone’s life!!

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Unequal Opportunity: Addressing appraisal bias is another step toward making housing more equitable

Clear Capital

This article originally appeared in Scotsman Guide. “Many news stories tend to focus on the potential for an individual appraiser delivering a too-low estimate based on factors associated with the occupants instead of the home. Written by Marisa Calderon and Kenon Chen. But the reality is more nuanced.” Nuanced reality.