Appraisal Today

FEBRUARY 3, 2023

Humor, Zillow, unusual homes, mortgage origination stats, etc. Bringing More People Into a Dying Profession? By Dave Towne, Jan. 23, 2023 My comment: This only applies to residential lending appraisals, of course. My non-lender appraisals have changed very little with few, if any new “requirements”. I determine the Scope of Work.

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Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals.

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Housing Wire

MARCH 16, 2023

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. percent)* above the February 2022 rate of 1,380,000.

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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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Zillow

MARCH 13, 2018

Here are five key steps in planning your home remodeling project. Estimate home renovation costs As a general rule of thumb, you should spend no more on each room than the value of that room as a percentage of your overall house value. ( Going this route, you pay off your original mortgage and have cash left over. Refinancing.

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Appraisal Today

FEBRUARY 24, 2023

The key is not the letters but the competency or skill. But what if the appraisal form was completely blank with no boilerplate text? NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. You might answer, “Absolutely!”

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Housing Wire

NOVEMBER 23, 2022

From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. percent)* above the revised September rate of 588,000, but is 5.8

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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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Appraisal Today

SEPTEMBER 8, 2023

On top of that, what if the credit card is stolen and the last party animal damaged the house or fell off the deck and wants to sue the owner for a defective deck railing? To read more, click here My comments: If you want to know more, before (or after) accepting an Airbnb appraisal, definitely read this article. Short answer—no.

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Will Springer Realtor

MAY 9, 2023

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. The so-called rate-lock effect is prompting many homeowners to remodel over a move.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? What’s shocking is (through the end of 2020) about 23% of Houston neighborhoods in specific areas are still selling at LOWER PRICES than before Hurricane Harvey hit in 2017. Worried about missing out on a boom?

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Houston Properties

OCTOBER 1, 2021

See why the 2020-2021 housing market saw a boom during a year of human misery. Appreciation was generally offset by the record-low interest rates. The areas where it is now cheaper to buy a house are neighborhoods that have flooding history. Contact me for a list of recommended mortgage providers and what (who) to avoid.

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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. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. Rainier-esque peak of a decade past! Thank you, Millennials!

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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. 4 Million Triangle House in Tarzana. How to Handle Appraisal Pressure and Stay Ethical? Educate your appraisal clients.

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Appraisal Today

OCTOBER 13, 2023

Excerpts: The key is not the letters but the competency or skill. But what if the appraisal form was completely blank with no boilerplate text? I am writing two long articles for the November issue about Hybrid Desktops and Property Data Collectors. How to Level Up as an Appraiser By Conrad Meertins Jr. Are your legs shaking?

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Appraisal Today

MAY 26, 2023

Topics include: When can an FHA appraisal be completed “as-is” vs. “subject to”? NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B

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Appraisal Today

FEBRUARY 2, 2024

A redesigned, dynamic URAR will replace the numerous and separate appraisal forms and can be used for different property types, such as two-to-four units, condominiums, and manufactured homes, and for different scopes of work, such as interior and exterior inspections, updates, and completion assignments. Floating Island.

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Appraisal Today

DECEMBER 16, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie December newsletter, estate appraisals real estate market, unusual homes, mortgage origination stats, etc. Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. To read more, click here.

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Housing Wire

NOVEMBER 4, 2022

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. Several trade groups including the Mortgage Bankers Association have corresponded with the HUD Secretary in support of cuts. But in the current environment there is reason to be cautious.

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Housing Wire

NOVEMBER 28, 2022

The article was striking to me because it was not long ago that members of a previous administration proposed defining nonbank mortgage lenders as a systemically important financial institution (SIFI) risk as a sector. This entire discussion should be extremely concerning to all in the mortgage industry, especially the IMBs.

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Housing Wire

DECEMBER 15, 2020

Treasury Secretary Steven Mnuchin, housing industry associations expressed their opposition to a swift end to conservatorship for Fannie Mae and Freddie Mac. However, the letter expressed its concern that a rushed effort to remove the mortgage giants from conservatorship before the Biden administration takes over would cause disruption.

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Appraisal Today

MAY 5, 2023

It’s not the length of the report which is of ultimate importance, it is the time necessary to develop the appraisal that is key. To read more plus appraiser comments, click here My comments: Read this article! To read more and see lots of interesting photos, click here My comments: I have never seen a house with so many windows!

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