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Housing inventory crisis continues in 2022

Housing Wire

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. We are in the middle of January 2022 and spring selling season isn’t too far away. Mortgage demand needs to slow down. million and 6.16

Inventory 537
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What is Your Appraiser Level? Why Does It Make a Difference?

Appraisal Today

Now is the time to increase your appraisal skill level. 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. AMCs had taken over the mortgage-lending work. Do you still feel the same level of assuredness?

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NAR Appraiser Survey July, 2023

Appraisal Today

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. This year, this option was broken into three separate AMC-related issues.

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Appraising Airbnb Properties

Appraisal Today

The business side includes replacing worn out or damaged furniture, window coverings, bedspreads, towels, the property’s internet listings, credit card processing, weekly cleaning, and daily management decisions involved with running the STR business. The article is one of the best I have read, and includes many of the AMC, USPAP, GSE, etc.

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SFR with ADU or Two Units?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Another tricky HBU issue in California!

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

Don’t stop taking classes just because you have enough CE credit to meet your next renewal; that mentality is for the bottom tier of appraisers. I typically obtain double the CE credit hours necessary to renew my certificate…double! I also think that now is the time to increase your appraisal skills by taking classes and seminars.

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Fannie’s New ANSI FAQS July 2022

Appraisal Today

The GLA of comparables available to appraisers may not be based on the ANSI standard. . Speaker: Bryan Swartwood III, Fannie Mae Credit Risk Senior Manager – Single Family Collateral Policy. The Appraiser eLearning podcast was available on July 19 at 2 PM. A few of the Q&As. 37-minute podcast. Listen to this podcast!!