Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I’m not going to dive into the nuances of these different types of appraisal work in this article. I have seen a slowdown in my lending work also. So what can we do?

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

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Appraisal Today

OCTOBER 27, 2023

We’ve organized the strange and spooky properties described by our survey participants into the following categories: Vacant and secluded homes Spooky historic properties Properties in horrible condition Other surprising and strange site visits “Vacant house that neighbors told me had not been occupied for almost 3 years.

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Appraisal Today

APRIL 5, 2024

To read more, Click Here My comments: The article also discusses bias. Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. That’s where the trouble begins. I’ve seen this happen.

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Appraisal Today

AUGUST 4, 2023

As with all banned words, Freddie’s list will lead to the need to ban additional words over time as appraisers, expunging the word “desirable,” will find synonyms when analyzing market reaction to the views of two homes or to the cul-de-sac location of a home versus the midblock location of a comparable. The End of Home Appraisals?

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Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M Excerpts: 4 Bedrooms, 4.5

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Appraisal Today

JUNE 9, 2023

How reliable is that data? If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? Just above the heated, illuminated pool is a sleek glass bridge that connects the home’s two wings. I’m just fascinated with how I see pickleball fitting into real estate.

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Appraisal Today

JANUARY 19, 2024

The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Opens in You Tube. Members of the Lupertazzi Crime Family rough up an appraiser who is involved with Tony’s HUD scam. I will never forget “I’m only the appraiser!” Glass-Walled, Midcentury Manse in Houston $3.1M baths, 5,550 sq.ft.,

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Appraisal Today

NOVEMBER 24, 2023

To read more, Click Here My comments: Read the full article! This article uses surfing as an excellent illustration. In my 20s, I lived in my van for a few years and parked it near my surfer friends’ house in Santa Cruz, CA. Appraisers, and surfers, have varying levels of experience, and experiences.

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Appraisal Today

APRIL 19, 2024

She explains how pioneering research in psychology revealed that all humans have cognitive biases, but professionals like appraisers are trained to minimize bias through rigorous methodology. As Chance acknowledges, the Institute should have done more to advocate for appraisers and make the public aware of their professionalism.

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Appraisal Today

JANUARY 13, 2023

He requested that I inspect the property 1/5/2023 as the inspector would be there at the same time. NOTE: Please scroll down to read the other topics in this long blog post on all cash sales, bad bank, FHFA/Fannie, speaking at real estate agent meetings, unusual homes, mortgage origination stats, etc. ==. Appraisal Business Tips .

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Appraisal Today

OCTOBER 28, 2022

I wrote a long article about VA in the past, available to paid subscribers. Appraisers and local market analysis. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, mortgage forecast, Halloween haunted homes, unusual homes, mortgage origination stats, etc. Haunted House Appraisals.

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Appraisal Today

FEBRUARY 3, 2023

23, 2023 My comment: This only applies to residential lending appraisals, of course. It has gotten very bad since AMCs took over. By Dave Towne, Jan. My non-lender appraisals have changed very little with few, if any new “requirements”. I determine the Scope of Work. But the profession is being killed off by (mostly white!)

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Housing Wire

JANUARY 26, 2024

We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. They will try to woo you with promises of free marketing materials, high commission splits, and fancy tech tools. But how do you really decide which is the best real estate company to work for?

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Cleveland Appraisal Blog

JANUARY 5, 2023

Welcome to 2023! We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. I hope that you all had a nice time off over the past month.

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers.

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Appraisal Today

AUGUST 13, 2023

I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? garage as well.

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Appraisal Today

NOVEMBER 10, 2023

To read more, click here My comments: Read this article! Not just a list of words and phrases. Stick to the facts. Here are a few more best practices that can help appraisers achieve more objective appraisals. Excellent examples and analysis. The author started as a second-generation practicing residential appraiser.

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Appraisal Today

NOVEMBER 17, 2023

Myth #4: PDC is bad for appraisers Probably the most prevalent myth is that PDC is bad for appraisers and bad for the profession in general. My article in the November issue of Appraisal Today has lots of information, including lists of which AMCs use PDCs.

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Appraisal Today

JANUARY 4, 2023

Appraisers Share Their Top Professional Goals for 2023. I have recently been writing about many of these topics since the market changed. My business has been much more stable as I can shift between them when the appraisal markets change, especially fees. What are you planning to do in 2023? By: McKissock (Survey).

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Listing Spark

FEBRUARY 7, 2024

In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year.

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Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property. Topics include: ADU meaning and types What is a two-family property?

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Appraisal Today

DECEMBER 30, 2022

Has passed House and Senate. NOTE: Please scroll down to read the other topics in this long blog post Bad appraisers, 2023 forecast, unusual homes, mortgage origination stats, etc. ==. Excerpts: The U.S. Senate has announced the passage of HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022.

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Housing Wire

MAY 30, 2023

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. 9, 2022, was an inflection point in housing. Forward-looking housing data might not be sexy, but it works. house prices rose 4.3

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Appraisal Today

JUNE 2, 2023

Learn how to provide an accurate value conclusion that protects the appraiser from the potential ramifications of their bad acts. Learn how to provide an accurate value conclusion that protects the appraiser from the potential ramifications of their bad acts. to be paid by any party on behalf of the borrower?”

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Housing Wire

OCTOBER 17, 2023

Even the Consumer Financial Protection Bureau (CFPB) has weighed in, with a January 2023 blog post titled “For many struggling mortgage borrowers with home equity, selling their home could be an alternative to foreclosure.” Our goal is to help you avoid a foreclosure sale while protecting your credit score and preserving your equity.”

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