Appraisal Today

OCTOBER 7, 2022

If it had a market value of $345k, it would have listed at $345k!”. Other questions are not as relevant, such as fees, as the appraisal market in many areas is not as strong as in May when the survey was done. The Tectonic House in Venice Beach, CA – $5.8M. Housing Market Cools. While agents can “puff” we cannot!

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JULY 7, 2023

Plaintiffs cannot transform allegations of incompetence or a breach of appraisal industry standards into racial discrimination by baldly alleging that Mr. Lanham believed that Plaintiffs did not belong in their neighborhood and that their home was worth less than other homes because of their race. Housing markets are like my waist line.

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JANUARY 27, 2023

Scroll down to “Updates, Revisions, Notifications” to get the redline versions. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. 6 bedrooms, 4 baths, 4,321 square feet, 0.46acre lot The six-bedroom home boasts 4,321 square feet of updated space.

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MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” First, “third party” inspections.

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OCTOBER 28, 2022

VA Update for Appraisers. 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? Appraisers and local market analysis. 2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market. By Isaac Peck.

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AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae.

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JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Excerpts: The housing market sizzle has faded and we’ve entered a different season. 10 Things on my mind about Today’s Market.

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JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). The Inevitable Cyclicality of Mortgage Lending. Hot housing market not a bubble, economists say. Practices will continue to evolve toward objective data selection and predictive models. Jun 7, 2022.

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APRIL 7, 2023

NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market. Mortgage applications decreased 4.1 Was listed for $748,000 in 8/22. Built in 1960.

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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 I like to write about business topics, so there are lots of marketing, etc. Excerpts: Five bedrooms, 7.5

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JULY 1, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market decline in listing prices, land issues, unusual homes, mortgage origination stats, etc. =. Excerpts: Built in 1972, the prime party house is now on the market for $275,000—and the listing photos have been shared all over the internet.

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DECEMBER 2, 2022

Excerpts from the letter: … including, but not limited to, experience in real estate market analysis and real estate brokerage, including: • Evaluating and pricing residential real estate. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. To read the letter (PDF), click here.

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SEPTEMBER 23, 2022

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. Will we see smaller homes more often as first-time buyers flood the market? Markets are changing in many areas, but are complicated by price range, size, etc.

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SEPTEMBER 30, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie and Competency, mortgage rates, extraordinary assumptions, vacant l and, unusual homes, mortgage origination stats, etc. Off and on the market since 2013. Chuck Norris eats 7% mortgage rates for breakfast. Excerpts: The 1.76-acre

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FEBRUARY 16, 2024

This article provides an insight into the appraisal process of historical properties, emphasizing the role of market data, potential buyers, specialized databases, appraisal methods, and the significant impact of preservation restrictions. For many years I appraised in the nearby city of Berkeley, CA. You need to know the market.

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DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

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OCTOBER 6, 2023

Appraisers can now buy one set of USPAP standards and keep that publication on their bookshelf for as long as that edition is effective and purchase just the Guidance and Reference Manual as needed for coursework and updates. Over time, I quit following the updates as there were few significant changes. It’s insane, actually.

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NOVEMBER 10, 2023

NOTE: Please scroll down to read the other topics in this long blog post on effect of low rates on existing home loans, Liability, Bias, FHA manufactured home changes, unusual homes, mortgage origination stats, etc. A highlight of this exceptional home is its recently updated kitchen, completed in 2022.

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APRIL 1, 2023

This begs the question of why two reviewers went out of their way to compliment my work, when it seems that almost every mortgage assignment that I complete for a production group, comes back with stipulations. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.”

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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. To read many practical tips, click here My comments: Worth reading. Answers a lot of appraiser questions.

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AUGUST 25, 2023

Appraisers who have put in 16+ years in the appraisal industry tend to make the most ($118K), while those who have less than 2 years of experience earn the least ($43K). GEMLS is pushing out updates via a shared spreadsheet every two hours. Excerpts: The 16,814-square-foot home sits on a more-than-third-acre, lakeside lot.

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AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. Markets hate uncertainty. Isn’t that Just PAVEY!

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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. Let’s talk about supply and some things on my mind about today’s market. His market is showing changes.

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FEBRUARY 2, 2024

2024 Updated UAD and URAR – What does It Mean for You? ———————- Freddie – Updated UAD and Forms Redesign Timeline The Uniform Appraisal Dataset (UAD) and Forms Redesign team has released an updated timeline. California Glass House in Orinda, CA Lists for $10.5

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SEPTEMBER 2, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. The first highlights the damage that’s suddenly engulfed the big, super-pricey western markets. I subscribe to his email updates.

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AUGUST 12, 2022

Status requests from AMCs typically require you to log in to their system and go through the process of updating the order status on their website. NOTE: Please scroll down to read the other topics in this long blog post on mortgage rates history, declining prices on high end homes, bias, unusual homes, mortgage origination stats, etc. =.

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DECEMBER 16, 2022

Industry Insider Insight on Risk and Modernization. NOTE: Please scroll down to read the other topics in this long blog post on Fannie December newsletter, estate appraisals real estate market, unusual homes, mortgage origination stats, etc. Fannie December 22 Update – Facts, not Feelings.

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JUNE 24, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Changing real estate market, rate increases, desktop appraisals, USPAP and state boards, unusual homes, mortgage origination stats, etc. My articles discuss how they differ from lender work, the pluses and minuses, and how to market your services.

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SEPTEMBER 17, 2022

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. =. Built from concrete, glass, and burnt wood, the Sleeve House is on the market for $2,275,000. To get more business, market to them. 2,500 sq.ft.,

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DECEMBER 9, 2022

In addition, staying up-to-date with Uniform Standards of Professional Appraisal Practice (USPAP), Federal Housing Administration (FHA), and GSE guidelines and industry requirements also goes a long way in drafting error-free reports that would otherwise create unnecessary revision requests. Some have been pushed out of the market entirely.

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JUNE 2, 2023

NOTE: Please scroll down to read the other topics in this long blog post on FHA and ADUs, non-lender appraisals, unusual homes, mortgage origination stats, etc. == How to survive when business is slow McKissock Survey Excerpts: How can you bolster your appraisal business during a slow real estate market? Niche markets are great.

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SEPTEMBER 9, 2022

How to Respond to ROV Requests: Updated Guidance. 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. =. So they are paying investment value, not market value. By Greg Stephens, SRA, AI-RRS.

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MAY 27, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA appraisals, appraisal modernization, eliminate VA panel, unusual homes, mortgage origination stats, etc. Appraisers that are willing to swim upstream and are willing to adapt to change are the survivors of our industry. Who Moved My Appraisal Cheese?

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JULY 15, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Cubicasa, Desktops, FHA, unusual homes, mortgage origination stats, etc. ==. FHA increases time limits for appraisals and appraisal updates. I wonder if checking the “declining market box” changes anything? Mortgage applications decreased 1.7

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JULY 22, 2022

Excerpts: Updated guidance, including some new and substantively revised FAQs. In response to your feedback, we’ve updated the Standardized Property Measuring Guidelines with some new and substantively revised FAQs, including clarifications on the terms “declaration” and “statement of finished sq ft.”. A few of the Q&As.

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