Appraisal Today

JANUARY 19, 2024

For the sake of simplicity, this article touches on merely three such biases: anchoring bias, selection bias, and confirmation bias. The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Opens in You Tube. I will never forget “I’m only the appraiser!” Excerpts: five bedrooms, 4.5

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Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. According to the survey responses, the majority of participants (76%) perceive the quality of property data collected by data collectors to be lower than that collected by appraisers themselves.

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Appraisal Today

JULY 21, 2023

NOTE: Please scroll down to read the other topics in this long blog post on changing real estate market, interest rate forecasts, non lender appraisals, foreclosures way down from 2008, Freddie and ANSI, unusual homes, mortgage origination stats, etc. The value of a pool for Homes? That’s what we always hear. And, it’s true. It was tricky.

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Appraisal Today

MARCH 15, 2024

To read more and see the photos, Click Here My comment: I included some of these homes in previous email newsletters, but thought this article fit well with daylight savings time so I am including it in my blog. Well written. There are relatively few residential lender appraisals available now. What if there are few rural areas near you?

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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 had a terrible time understanding why this appraisal was such a problem for Fannie Mae. I have attached the Fannie Mae comments and my responses below. This approximately 900sf, 1.5

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Appraisal Today

MAY 19, 2023

To read more click here = Guide to Property Data Collection (Version 6) From Fannie April 2023 Excerpt: This document provides instructions for the individuals who perform the comprehensive data collection for residential properties following Fannie Mae’s property data collection standard. The answer is, Yes!

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Appraisal Today

SEPTEMBER 23, 2022

Now that volume has declined to normal levels, those appraisers who aren’t providing good customer service may see their businesses suffer,” remarked a senior executive at a major bank. My comments: This article uses AEI data, graphs, and reports from June. Sellers Chasing the ball down the road in real estate.

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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. This level, while historically still low, will mean the days on market will go higher, and this will give people choices. million and 6.16

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Housing Wire

JANUARY 19, 2024

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks out 30-90 days for sales — it doesn’t move as fast as some people think. It happened in 2008 and then didn’t happen again until 2023.

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Housing Wire

DECEMBER 20, 2023

Then sales stopped declining around 4 million — a critical level I have talked about for years. Purchase application data has had a positive forward-looking trend for six weeks now; this bodes well for the future, especially if this can continue into the spring. Let’s go over some of the other critical data lines.

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Housing Wire

JANUARY 5, 2023

My 2022 price forecast: Last year, my price forecast anticipated a noticeable deceleration in price growth, even with inventory levels at all-time lows and mortgage rates still below 4% and the start of the year. The higher the rate from this level, the more significant hit to affordability we will see. Home price s.

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Housing Wire

MAY 26, 2022

As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. We see this in the data. Purchase application data, while doing better than I thought it would with rates over 5%, is still negative year over year, and this time it’s real. The year-over-year data is down 16%.

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Appraisal Today

JUNE 17, 2022

To read more of this long blog post with many topics, click Read More Below!! I have included some of the articles below. Include graphs and charts in your appraisal to show your clients what is happening now and why they need human appraisers. . Computer modeling did not predict the 2008 crash. How many offers.

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Appraisal Today

FEBRUARY 17, 2023

I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes. To read more of this long blog post with many topics, click Read More Below!! Of course, most people confuse real estate agents with appraisers.

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Appraisal Today

FEBRUARY 10, 2023

Fastapp AMC president, confirm what appraisers have been saying all along, that if you want high-volume AMC work, you have to lower your fees to 1980’s level, have 24 hour turn times, and, above all, be a number hitter. To read more of this long blog post with many topics, click Read More Below!! Nicole Andrews, Fastapp AMC founder v.

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Appraisal Today

DECEMBER 2, 2022

To read more of this long blog post with many topics, click Read More Below!! Bryan Reynolds’ very personal comments on George, including how he helped Bryan get started teaching appraisers. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers. Sold 4/1/2013 for $998,000.

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Appraisal Today

FEBRUARY 24, 2023

What Level Appraiser Are You? Do you still feel the same level of assuredness? These questions help us to start to gauge our current level. A Level 1 appraiser checks boxes. A Level 2 appraiser adds explanations, graphs, and charts to those boxes. A pro-level appraiser may use a form. Are your legs shaking?

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Appraisal Today

SEPTEMBER 30, 2022

Read this article on how to check CO detectors. My comments : Read this article, especially how to identify and check CO detectors. To read more of this long blog post with many topics, click Read More Below!! Killed by Carbon Monoxide: Appraiser Blamed. You may save someone’s life!! by Kendra Budd, Associate Editor, WorkingRE.

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Housing Wire

DECEMBER 23, 2020

Reports on housing data are headline-driven, and headlines are designed to cause folks to overreact in both positive and negative ways. But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data.

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Housing Wire

NOVEMBER 22, 2021

A big part of my work since the end of 2020 is explaining to people that housing data was going to moderate because the make-up demand from COVID created a surge in sales that is very abnormal. This was very common in the previous expansion when any weaker data line trend was interpreted by some people as a housing crash.

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Housing Wire

DECEMBER 20, 2021

We had a few times in the previous cycle where the 10-year yield was below 1.60% and above 3%. Even with the hot economic growth, the hottest inflation data in decades, and the Fed rate hike discussion picking up, this range of 1.33%-1.60% has held up nicely for most of 2021, meaning mortgage rates were going to be low in 2021.

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Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? baths, 16,225 sq.ft.,

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Appraisal Today

MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Their latest twist is to re-categorize many appraisers as “Unlicensed Data Collectors.”

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Appraisal Today

MAY 26, 2023

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. From 2008 to 2019, Roberts fraudulently inflated the value of at least 18 different easements by violating industry norms and making false statements. Here is some guidance on cosmetic repairs vs. MPR repairs.

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Appraisal Today

OCTOBER 21, 2022

National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC. As an appraiser, it is super important to understand how to gather and analyze relative data. As an appraiser, it is super important to understand how to gather and analyze relative data.

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Appraisal Today

JULY 29, 2022

Data for those fixer homes (contractor specials). To read more of this long blog post with many topics, click Read More Below!! 57 Weird Real Estate Agent Photos. Excerpt: Yes, many great real estate photos really capture the house. This post though is a tribute to the other kind that we’ve all seen – hilariously terrible MLS photos.

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Appraisal Today

JANUARY 4, 2023

To read more of this long blog post with many topics, click Read More Below!! He already had the land, having purchased 10 acres in a suburb outside of Portland, Oregon, for $25,800. Excerpts: Maintain my current business (26%). Earn a designation or certification (16%). Grow my business (15%). Prepare for retirement (12%). “I

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Housing Wire

MAY 30, 2023

In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. This is why I have stressed that Nov. Forward-looking housing data flipped in November, so HousingWire created the weekly Housing Market Tracker to provide real-time forward-looking housing data.

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Appraisal Today

JULY 15, 2022

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. Two articles by Julie on my website: Residential Appraisals and Airbnb Income? Just Say No! Short-term Rentals.

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