Housing Wire

FEBRUARY 14, 2022

Redfin CEO Glenn Kelman. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I I started at Redfin 12 years ago,” she said. And in 2017, I decided to go on full-time as a lead agent.”. But Alipour exited Redfin for Compass last month, due to Redfin’s sales expectations. On a mission.

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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. The recent growth broke that streak, but demand is still low.

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Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. The five bedrooms and eight bathrooms at 14051 Island Drive are spread across the main home and guesthouse.

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Appraisal Today

JUNE 9, 2023

NOTE: Please scroll down to read the other topics in this long blog post on adapting to changes in appraisal, appraisal volume, unusual homes, mortgage origination stats, etc. == Contemporary Home in the Hamptons (NY) for $27.5M Quality refers to the quality of items, materials, and construction. How reliable is that data?

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Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. I was given a lockbox combination and inspected the vacant home. A basic Q4, C3 home. The appraisal was ordered by an AMC on behalf of a lender. This approximately 900sf, 1.5

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Appraisal Today

SEPTEMBER 22, 2023

I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today. NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Here are a few of the many survey results. I was surprised at how negative they were. Read the full report.

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Appraisal Today

JUNE 3, 2022

GRM is an Income Approach that applies to homes with long long-term tenants, not homes with many Short Term Rentals. My comments: This mainly applies to cities where many homes are being converted to Airbnbs, including exterior doors for bedrooms (see foto below) and expanding the number of bedrooms. Functional Obsolescence.

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Housing Wire

MAY 2, 2022

This article is part of our housing market update series. While housing market trends in the first quarter of 2022 resembled the previous year’s trend — buyer frenzy, homes selling over the asking price and continued home price appreciation — much has changed in the spring, which will impact some of the previously forecasted scenarios.

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Appraisal Today

APRIL 2, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Update: UAD and New “Forms”, concessions, non-lender appraisals, unusual homes, mortgage origination stats, etc. What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract?

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Appraisal Today

JUNE 24, 2022

It was from the second floor only, and over a six-foot high concrete block wall and across an open field. 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. Excerpts: What about an off-site water view? Water rights play a major role.

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Appraisal Today

SEPTEMBER 2, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Real estate market changes, ADUs, AMC interview, unusual homes, mortgage origination stats, etc. ==. $4 Excerpts: There’s no simple and easy way to deal with appraisal pressure. Educate your appraisal clients. For 8 more reasons , click here. I was very lucky.

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Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. for 30-year conventional financing. for 30-year conventional financing.

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Appraisal Today

SEPTEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Value Reconciliation, non-lender appraisals, liabililty, USPAP, unusual homes, mortgage origination stats, etc. =. Excerpts: Suggested protocols for responding to Reconsideration of Value requests. The importance of this cannot be overstated. Humor for Appraisers.

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Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. Rainier-esque peak of a decade past! Thank you, Millennials!

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McKissock

MAY 30, 2023

in April from last June’s 9.1%. may still warrant a June rate hike. Welcome to the latest installment of The Full Measure with Kevin Hecht— your destination for the most current economic insights and analyses. Economic recap May 2023 The current economic landscape is riddled with several critical issues that demand attention.

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Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. New home construction appraisals can be tricky. There are few new homes built in my area, except stacked condos. By Mark Buhler.

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Appraisal Today

JULY 15, 2022

This is not typical for a single family home. Many homes were changed to investor-purchased Airbnbs with few home rentals available for local residents. Many homes were changed to investor-purchased Airbnbs with few home rentals available for local residents. Just Say No! Don’t Risk Your License! .

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Appraisal Today

JULY 22, 2022

manufactured homes, using exception code, and many more from the FAQs. ANSI was designed by home builders, not appraisers or lenders. Excerpts: Updated guidance, including some new and substantively revised FAQs. A few of the Q&As. The standard describes three scenarios in which a “declaration” is required. 37-minute podcast.

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