Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. They included appraisers, real estate agents, and someone with a week, a month, or online video training. Here are a few of the many survey results. Fifty-one percent of respondents expressed safety concerns with the data collection process.

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Appraisal Today

JANUARY 19, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. and a four-car garage on a nearly 0.92-acre and a four-car garage on a nearly 0.92-acre Glass-Walled, Midcentury Manse in Houston $3.1M

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Housing Wire

JANUARY 2, 2023

This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. Then those rates fell 1.25% , which changed the demand data, only to rise again in a short timeframe. The 10-year yield shows where mortgage rates will go.

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Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? The four-bedroom, 4.5-bath

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Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks of weakness.

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Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. The housing market is one sector that can turn positive or negative very quickly depending on mortgage rates or one-time shocks like we saw with COVID-19. housing market and economy.

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Appraisal Today

APRIL 7, 2023

There have been numerous instances in which I have not been able to get ahold of a contact for an inspection only to find out weeks later that the AMC gave me the wrong contact information. I’ve requested guidance on assignments from the lender in which the answer came after the due date. Very good tips in the article.

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Appraisal Today

FEBRUARY 10, 2023

Very similar to the old mortgage broker days. NOTE: Please scroll down to read the other topics in this long blog post on estate/trust appraisals and Fannie changesunusual homes, mortgage origination stats, etc. = 1639e(b)(3). … A primary reason for Dodd-Frank. To read more, click here. Is this a diversification option for you?

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Appraisal Today

JUNE 10, 2022

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. The Inevitable Cyclicality of Mortgage Lending. Articles available: Business slow? Not much work probably compared with 2020-2022.

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Appraisal Today

AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae.

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Housing Wire

JANUARY 19, 2024

Since making some holiday adjustments, we have seen a seven-week positive trend in purchase apps since November. We are working in the third calendar year of great recession lows in demand, with a population of over 335 million and over 157 million people working. All four U.S. regions posted price increases.

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Appraisal Today

JUNE 17, 2022

It was shared by four nearby homes. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. This was not in a rural area.

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Housing Wire

NOVEMBER 16, 2020

In a previous article, I identified infection rates during the winter months as one of the economy’s high-risk variables. Before COVID-19 hit our shores, we were trending at 10% growth, working at cycle highs in demand. Typically, after May, total volumes fall as seasonality kicks in.

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Appraisal Today

AUGUST 19, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Condo risks, mortgage origination volume down, 4 high growth appraisal companies, cost cutting tips, unusual homes, mortgage origination stats, etc. ==. Mortgage applications hit 22-year low (since 2000), lending activity suffers. Humor for Appraisers.

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Housing Wire

DECEMBER 22, 2020

In recent articles, I have written that although current sales data for the U.S. Growth in home sales in recent months, I proposed, was primarily due to the catch-up demand from the stalled sales during the worst weeks of COVID-19. We have had 30 straight weeks of over 20% growth on average, compared to last year.

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Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. This week’s purchase application data showed week-to-week growth of 0.2%. The four-week moving average is down 12.5%. It’s an excellent time to discuss housing inventory. We see this in the data.

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Appraisal Today

MARCH 1, 2024

Whether you’re looking to specialize in luxury home appraisals or you’re simply reading up on the latest market trends, you may want to pay attention to areas where luxury homes are in high demand. Both inventory levels and new listings increased significantly in recent months, leading to an 18 percent increase in sales and a 1.6

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Appraisal Today

OCTOBER 13, 2023

I am writing two long articles for the November issue about Hybrid Desktops and Property Data Collectors. Now, we could go deep and say that there are levels within the levels, but for now we will keep it simple and explore these three main levels. It’s your choice which level you choose to pursue. You have a low skill level.

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Appraisal Today

AUGUST 12, 2022

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. =. Mortgage Rate History: Check Out These Charts. Excerpts: Mortgage rate history stretches back nearly a century.

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Houston Properties

JANUARY 13, 2021

We believe this will create a strong appreciation for homes and neighborhoods that are in demand in our HGTV / COVID-19 world (details below). We believe this will create a strong appreciation for homes and neighborhoods that are in demand in our HGTV / COVID-19 world (details below). Concerned about a housing market crash?

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Appraisal Today

JULY 29, 2022

NOTE: Please scroll down to read the other topics in this long blog post on USPAP Update Mistakes on Bias, Real Estate Market analysis, the FED raises interest rates, unusual homes, mortgage origination stats, etc. With four bedrooms and 4.5 Four things about Today’s Housing Market. 57 Weird Real Estate Agent Photos.

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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. Excerpts: There’s no simple and easy way to deal with appraisal pressure. Educate your appraisal clients. For 8 more reasons , click here.

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Appraisal Today

OCTOBER 14, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. Is there room for more improvement?

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Appraisal Today

NOVEMBER 17, 2023

My article in the November issue of Appraisal Today has lots of information, including lists of which AMCs use PDCs. NOTE: Please scroll down to read the other topics in this long blog post on Liability, Bias, reviewers with little experience, GSE modernization, unusual homes, mortgage origination stats, etc.

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Appraisal Today

JUNE 24, 2022

My research discovered that the open field had just been purchased by a group that was building a four-level high-and-dry boat storage building. After that, I told them the view had to be from a chair that you sat in! Appraisals and Water Frontage. Excerpts: What about an off-site water view? Water rights play a major role.

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Will Springer Realtor

MARCH 12, 2024

This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. February was also marked by a healthy increase in activity compared with January and a steady rise versus this time last year.

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Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory , thankfully, saw some decent growth last week. Purchase application data had a second straight week of declines.

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Appraisal Today

MAY 20, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Retirement, real estate market changes, ANSI, Appraising luxury homes, unusual homes, mortgage origination stats, etc. =. CubiCasa and a Desktop Mess – an appraiser’s experience. By Jamie Owen. I was really at a dead end here. He said the whole thing is a mess.

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Will Springer Realtor

JULY 13, 2023

Yes, essentially one in every four Seattle office buildings sits vacant. In Seattle, 62% of workers come into the greater downtown area at least three days a week. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Bank Centre.

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Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Locally, the number of home buyers signing pending-sale contracts has risen for four consecutive months – indicating an increase in demand.

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Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates.

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Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. annualized for May – mortgage rates will remain high. for 30-year conventional financing. We’re watching it to see what will happen.

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Appraisal Today

JULY 22, 2022

NOTE: Please scroll down to read the other topics in this long blog post on sex dungeon, appraisal violations, complaints, liability, unusual homes, mortgage origination stats, etc. Four fireplaces. A few of the Q&As. The standard describes three scenarios in which a “declaration” is required. It is on the top of the web page now.

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