Appraisal Today

FEBRUARY 23, 2024

GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. GO BACK FURTHER IN TIME: One of the things I’m doing more often today is looking at older comps in the immediate neighborhood. Think about it this way. Let’s talk about this. Look to the comps most of all.

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Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

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McKissock

MAY 26, 2023

Offer your appraisal services to a variety of clients (47%) Nearly half of survey respondents agreed that the best way to get through a slow real estate market is to diversify your client base by offering your services to attorneys, real estate agents, homeowners, property investors, etc. Read the full survey results below.

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Appraisal Today

JULY 21, 2023

The value of a pool for Homes? July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. That’s what we always hear. And, it’s true. Homes in different locations and price points tend to have different amenities, and that includes pools. Ultimately, let’s look to the comps for the answers.

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Appraisal Today

OCTOBER 28, 2022

Excerpts: …the United States Department of Veteran Affairs (VA), is known throughout the valuation community for respecting the work of appraisers and maintaining reasonable fee schedules. There’s been a lot of buzz about measuring homes to ANSI standards in the appraisal industry–what can you tell us about the VA’s stance on ANSI?

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Appraisal Today

JULY 7, 2023

is one highly publicized lawsuit covered at length by mainstream media–CBS News, The New York Times, NBC, CNN, ABC News, and more. To read more, click here My comments: Long article and worth reading. Tate-Austin v. Janette Miller, filed in California in Dec. 2021, was one of the first (and perhaps the most publicized).

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Appraisal Today

JULY 1, 2022

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. Actually, the property was not “in” the City at all.

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Appraisal Today

APRIL 2, 2023

First and foremost, Standards Rule 1-5 in the Uniform Standards of Professional Appraisal Practice (USPAP) states that we are to: “analyze all agreements of sale.” The GSEs have posted the following industry resources to begin the multiyear rollout phase: Playbook – for all industry partners to begin planning for implementation.

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Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Artificial Intelligence Question: What is an appraiser’s USPAP obligations when using artificial intelligence (AI) in an appraisal assignment?

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Appraisal Today

NOVEMBER 20, 2022

Due to the shortage of review appraisers (exacerbated by low fees and time pressures), tens of thousands of poorly created appraisals were accepted without receiving adequate review. Failure to make appropriate time/market adjustments (positive or negative). Sins of the Past Are Back to Haunt Appraisers. By Richard Hagar, SRA.

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McKissock

FEBRUARY 4, 2022

One-third of houses for sale are new construction, an all-time high. According to a new report from Redfin News , “The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work.”

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Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

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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. 57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. July 25, 2022 .

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Appraisal Today

DECEMBER 30, 2022

The mortgage industry has been wanting this for a long time. I still recommend VA to appraisers as they are the only mortgage organization that wants to help the borrower instead of making as much money as possible. Pella Iowa appraiser arrested for forgery, surrenders state license for fraud charges.

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Will Springer Realtor

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. Office vacancies in U.S. urban centers remain mostly higher than in 2019. Data courtesy global services and investment company Colliers.]

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Appraisal Today

SEPTEMBER 17, 2022

I barely got into my car in time. NOTE: Please scroll down to read the other topics in this long blog post on AMCs, appraisal business, real estate market, unusual homes, mortgage origination stats, etc. =. It creates a waterproof, insect-proof, and fire-retardant piece of wood—ideal for an exterior meant to stand the test of time.

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Appraisal Today

MAY 20, 2022

Some appraisers are submitting reports where they have the listing agent hand-draw the interior walls on copies of the county auditor’s sketch outline. Some appraisers are submitting reports where they have the listing agent hand-draw the interior walls on copies of the county auditor’s sketch outline. I was really at a dead end here.

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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. Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. Rainier-esque peak of a decade past!

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Housing Wire

APRIL 7, 2021

However, since the announcement, several industry leaders have expressed reservations about the blanket policy. However, since the announcement, several industry leaders have expressed reservations about the blanket policy. But data shows that servicers are already serving borrowers well.

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Clear Capital

NOVEMBER 30, 2021

And this comes courtesy of Next Mortgage News, thank you. Jeff and Kenon discuss this record-breaking year for prop-tech investments. Jeff’s real estate joke of the pod makes Kenon flip out. Interview with June Homes Founder and CEO Daniel Mishin. Watch ClearCast E21. Listen to ClearCast E21. Read the ClearCast E21 transcript.

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Patch of Land

OCTOBER 5, 2018

The following article was originally featured in AAPL's Private Lender Magazine. It speaks on Congress strong interest in the fintech industry and was written by Patch's CMO, Robert Greenberg. Several other things were occurring around the same time. They require a legislative solution through the U.S. The Evolving Landscape.

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Clear Capital

JANUARY 5, 2023

This article originally appeared in Scotsman Guide. As a first-time buyer, unless you are among the 6% who purchase their homes entirely with cash , you are likely financing the transaction and your mortgage lender will require an appraisal. Written by Marisa Calderon and Kenon Chen. But the reality is more nuanced.”

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