McKissock

MARCH 6, 2023

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Appraisers have been fending off predictions of professional obsolescence for decades, and will likely continue to do so until flying cars become a reality. There is nothing new there, other than the name.

Modernization 67

Modernization Valuation Appraisal Lending 67

Appraisal Today

JULY 14, 2023

What tool do you prefer to use when measuring a house? Recent Appraisal Buzz survey Measuring tape – over half Laser – less than half Guesstimate – a few, but way too many! Phone app. – not many To see the graph, click here My comments: I have always wondered about this. I was hooked the first time I used it! The 8,000+ sq.

Tools 77

Tools Appraisal Insurance Contracts 77

Appraisal Today

NOVEMBER 3, 2023

How do the USPAP revisions to the Nondiscrimination section affect appraisers? NOTE: Please scroll down to read the other topics in this long blog post on Investigation of desktop appraisals, economic analysis, Bias, hybrid appraisals, unusual homes, mortgage origination stats, etc. USPAP 2024 is effective January 1, 2024. Between Oct.

Appraisal 77

Appraisal Contracts Architecture Mortgage 77

Appraisal Today

OCTOBER 28, 2022

Is the VA looking at these types of valuations and what are some of the considerations? 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? Do you anticipate requiring ANSI on VA appraisals in the future? What’s new at the VA?

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. I don’t believe any of us want 2023 to start off with new fresh all-time lows in inventory. Houston, we have a problem.

Inventory 538

Inventory Mortgage Housing Market Marketing 538

Housing Wire

NOVEMBER 23, 2022

What is going on here? From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. percent (±20.8 percent (±19.6 percent (±20.8

Construction 466

Construction Marketing Housing Market Mortgage 466

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? We have done a very poor job of telling the general public what we do and that we are are objective and unbiased. We need a good Appraiser PR Campaign!

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Housing Wire

MARCH 16, 2023

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. Like most recessions, when demand falls, so does production.

Mortgage 515

Mortgage Construction Marketing Contracts 515

Appraisal Today

FEBRUARY 2, 2024

2024 Updated UAD and URAR – What does It Mean for You? What exactly does this mean? In this post, we’re providing an overview of the UAD and URAR, what’s changing, and what benefits these changes will bring. How will these UAD and URAR changes be beneficial? See below for more timeline information.

Appraisal 67

Appraisal Contracts Training Real Estate 67

Will Springer Realtor

MARCH 12, 2024

Mixed economic numbers have turned that smile upside down among interest-rate watchers, as inflation persists and employment stays healthy. This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. in Seattle.

Buyers 57

Buyers Construction Sellers Inventory 57

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. If interest to finance a home is roughly twice the Fed funds rate of today, does that mean mortgage rates could hit double digits? in 2023 for single-family homes.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36