Remove articles home-prices-are-dropping-like-its-2009
article thumbnail

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. Odds are that this turn in the pandemic will likely be just a temporary setback. The last two years have been a wild ride.

Marketing 452
article thumbnail

Subject Property Location in Appraisals

Appraisal Today

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. It was in the County. The home 6467 sq. The home 6467 sq.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Too many appraisers?

Appraisal Today

2) We will make it harder to become an appraiser; 3) Let the lower fees discourage newcomer appraisers. Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. Articles available: Business slow?

article thumbnail

What would it take to crash the housing market?

Housing Wire

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. No, it can’t. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

article thumbnail

NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

NAR sent a letter to the Appraisal urging the Appraisal Foundation (TAF) to review the experience and education of workers in parallel professions and consider it for potential credit to satisfy the accreditation requirements of appraiser licensing. Completing broker price opinions and Competitive Market Analyses.

article thumbnail

Appraisals – Check the Water Source!

Appraisal Today

It was later discovered that the well was not located on the property which was appraised. It did not even though many lots nearby were developed. It did not even though many lots nearby were developed. It was shared by four nearby homes. I have included some of the articles below. COMPS ARE THE PAST.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. annually in home improvements across the U.S., Improvements include remodels, replacements and additions to homes.