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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. George Dell – his usual very interesting comments.

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2024 Texas Real Estate Housing Report

Listing Spark

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. 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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Strange Properties Appraisers Have Seen

Appraisal Today

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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When Will This Market Change?

Lamacchia Realty

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever.

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Quality Adjustments for Appraisers

Appraisal Today

When making appraisal adjustments, examine the quality of your data and remember that any quality ratings in your county records or MLS are not always reliable. If you’re using county data, and you’re looking at quality ratings in there, how reliably do they rate properties? How reliable is that data? Excerpts: Five bedrooms, 7.5

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FHA Handbook 4000.1 Appraisal Changes

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. 10 homes built between 1682 and 1780 The oldest home (Photo above) 1. Enjoy scenic vistas from the front porch or back decks. FHA Handbook 4000.1 Includes a link to the “redline” version of 4000.1

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Appraisal in Changing Markets

Appraisal Today

I remember the easy days of market condition adjustments 1% per month up or down, for example, to apply to all detached home appraisals. Ryan has been writing about the ups and downs of his market for a long time. A quick change in interest rates has led to a quick change in the market. One box just isn’t enough. “At