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The last stand for forbearance housing market crash bros?

Housing Wire

million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? This means home price growth is getting too hot!

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). These policies are intended to create a consistent framework for lenders to respond to a borrower-initiated reconsideration of value. Several sections of HUD Handbook 4000.1

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Local Housing Markets: Fargo, Bergen County and 30A, Florida

Housing Wire

Recently, Bergen County has been home to one of the hottest housing markets in the country. People aren’t moving because they are tied into low-interest rates, so they aren’t listing their home. But, homes are not receiving the same volume of offers that they used to. “At Bergen County, N.J. It really is paradise here.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

Read this article on how to check CO detectors. As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. Killed by Carbon Monoxide: Appraiser Blamed.

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. But the fact that most answer immediately is a sign that things are slow. Interestingly, the number of active listings has dropped every year since at least 2013. That is evident in the number of price reductions.

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Appraisers: How to Spend Less Time on Email

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on mortgage rates history, declining prices on high end homes, bias, unusual homes, mortgage origination stats, etc. =. Excerpts: Many appraisers report that they’d like to spend less time on email. Only check email twice a day, at designated times.

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Appraising Unusual Properties

Appraisal Today

To gain insight into these types of assignments, we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” To gain insight into these types of assignments, we asked our appraisal community, “What’s the weirdest property you’ve appraised recently?” Lenders and CU/AVMs, like nice newer tract homes.