Appraisal Today

JANUARY 27, 2023

The changes outlined in the Handbook may be implemented immediately but must be implemented for FHA cases assigned on or after April 18, 2023. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. Includes a link to the “redline” version of 4000.1

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Appraisal Today

JUNE 10, 2022

In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. 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. To read more, click here.

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Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Advertising Disclaimer: McKissock is one of my regular email advertisers. Appraisers Share Their Best Tips for Working with AMCs. By McKissock.

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Appraisal Today

OCTOBER 7, 2022

54% of appraisers report that appraisal management companies (AMCs) have been among the greatest challenges in their businesses in the past year; 30% cite expanding regulations. Close to one-third conduct an appraisal outside their area of expertise on a weekly basis. 68% report practicing within a radius of 20–59 miles.

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Appraisal Today

NOVEMBER 10, 2022

Here are 5: Reliance in any appraisal analysis on inappropriate comparable sales, or the failure to use comparable sales that are more similar to or nearer to the subject property without adequate explanation. If Eisner sells you this home, you’ll also be making California history: The transaction would be the largest sale ever in the state.

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Housing Wire

SEPTEMBER 13, 2022

Just outside of Sarasota and right on the Gulf of Mexico, Siesta Key is one of the many beachfront locales these buyers have flocked to. But as interest rates have risen, demand, which was once white hot, has started to cool. With all these attractions, it is easy to see why so many people want to call the Twin Cities home.

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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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Houston Properties

JANUARY 13, 2021

Worried about missing out on a boom? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. Concerned about a housing market crash? Need To Sell?

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Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. The days of running back to the office to write a tricky email to a client, follow up with a lead, or post on social media are long gone — and they’re never coming back.

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Appraisal Today

AUGUST 12, 2022

Status requests from AMCs typically require you to log in to their system and go through the process of updating the order status on their website. For the rest of the day, turn off email notifications on your phone, etc., Only check email twice a day, at designated times. Do not read or reply to emails outside of those time windows.

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Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? To read more, click here My comments: Read this article! Stick to the facts.

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Appraisal Today

NOVEMBER 20, 2022

Square footage costs and depreciation based more on opinion than reality. Unsupported adjustments (adjustments based on “my 30 years in the business” instead of facts). Square footage costs and depreciation based more on opinion than reality. Hagar is one of the best residential appraisal instructors.

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Appraisal Today

FEBRUARY 2, 2024

See below for more timeline information. To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me that providing training in Q2 2025 would be more appropriate than 6 months before.

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Appraisal Today

JUNE 24, 2022

That bit of news made quite a few folks very unhappy and had a distinct impact on the value of those units. The moral of this story is that when you see open land between your subject property and the water, review ownership and the local building and zoning department’s comprehensive land use plan. Appraisals and Water Frontage.

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Raleigh Realty

FEBRUARY 4, 2022

here are the best new construction homebuying tips How to buy a new construction house Last week we wrote an article on how to buy a house for first-time home buyers. With that being said, if this article reads with familiarity, that’s because there are similarities between buying an existing home and buying new construction.

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Lamacchia Realty

APRIL 15, 2022

One day, we will be reminiscing with the next generation about how there was once only a 2.5-week week supply of homes for sale. 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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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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Will Springer Realtor

JULY 13, 2023

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. 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.

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Will Springer Realtor

MAY 9, 2023

an increase of about 14% year-on-year, according to Harvard research for Q1. The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement. Owners are investing about $475B ( yes, billion!

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Will Springer Realtor

JULY 8, 2022

Except for crypto , the rising cost of nearly everything – gas, groceries and going to see grandma – has forced many of us to recalibrate our finances. This, coupled with a significant portion of homeowners standing pat with mortgages at or below 4% interest (and other factors) is causing the market to lose steam. Not really sure.”.

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