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The Post-COVID shift: What Amazon and Zillow can’t do

Housing Wire

In just a few months’ time, COVID-19 accelerated the digital shift era to forever change the way consumers approach home buying. In February 2019, we wrote an article predicting this seismic shift, detailing how mortgage lenders could and should prepare to not only survive the shift but thrive in the future digital age.

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Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. Many stakeholders in the profession have given their opinions on what that means.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

Their role is to provide impartial, data-driven opinions of value. For a long time, since AI dropped out of the Appraisal Foundation, I have said, “I am a 35-year member of AI. As Chance acknowledges, the Institute should have done more to advocate for appraisers and make the public aware of their professionalism. It is human nature.

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Non-Arms Length Sales for Appraisers

Appraisal Today

By knowing the type of sale, you are better able to reconcile a current opinion of market value that falls above or below a current or recent transaction for the subject property. What Does Arm’s Length Mean in Real Estate? Because of their relationship, each party may not be acting in their own best interests.

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Appraisers Riding the Waves of Up and Down Mortgage Rates 

Appraisal Today

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. Look at this lull as a time of opportunity. A time to finally work on and execute a plan for your business.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Appraisal in Changing Markets

Appraisal Today

At the least we ought to describe the market as showing a downward seasonal shift, though it’s possible we can call this a downward cycle if the trend persists over time. “At Will we see smaller homes more often as first-time buyers flood the market? Ryan has been writing about the ups and downs of his market for a long time.