Appraisal Today

MAY 19, 2023

The home was essentially hand-built from scratch, and it took two years to construct,” says listing agent Damian Hall, of Blackstream International Real Estate. The reality is you don’t know what you don’t know, especially if you’ve never done non-lending appraisals. The average contract interest rate for 5/1 ARMs increased to 5.71

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Appraisal Today

FEBRUARY 17, 2023

To read more click here My comment : Take a break and scroll down the list to see some great photos! == Staff Layoffs at AMCs By Dave Towne Excerpts: Appraisers, it’s not ‘just us’ who have taken the slowdown in lending “in the shorts.” A standard commercial building was constructed. == HOW TO USE THE NUMBERS BELOW. percent from 6.18

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Appraisal Today

APRIL 14, 2023

These types of clauses are now incredibly common amongst the construction trades, real estate professionals, wedding services, financial services, and more. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication. percent from 6.40 percent from 6.36

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Appraisal Today

FEBRUARY 23, 2024

A local lender gave me an appraisal assignment on the proposed construction of 7 units in the city. Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.91

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Appraisal Today

NOVEMBER 4, 2022

Mortgage Lending You decide. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending. Living on the edge means constructing places in the most challenging locations, and, in many cases, in the middle of unspoiled nature.” The average contract interest rate for 5/1 ARMs decreased to 5.79

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Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.40 Purchase vs. refi appraisals.

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Appraisal Today

OCTOBER 7, 2022

. “Owning this house is a bit like being a celebrity in very weird, eclectic circles,” he said in a recent interview, noting how architecture students would regularly visit to study the home’s sculptural construction. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.60

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Appraisal Today

APRIL 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. But if for lending, it might be rejected on review by GSE computers or humans. baths, 14,450 sq.ft.,

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The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Cost approach : Essentially, this technique equates the property value to the cost of constructing a replica. Rent a section to retail establishments. Recent comparable sales. Current market trends.

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Appraisal Today

FEBRUARY 24, 2023

AMCs had taken over the mortgage-lending work. Modern and contemporary styles still have a stronghold on new construction, but as we found, they have spawned many offshoots, each of which has bloomed into a distinct aesthetic in its own right. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.98

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Appraisal Today

SEPTEMBER 15, 2023

At the same time, concrete finishes merge various construction techniques and artisan approaches that give the feeling of carved stones, whose volumes and shapes vary, but always integrated harmoniously in these habitable sculptures. My comment: Another way to increase affordable homes and allow easier new ADU construction.

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Appraisal Today

FEBRUARY 16, 2024

In my city of 78,000 population, there are over 10,000 buildings constructed prior to 1930, including many classic Victorians. Many downtown mixed-use buildings (retail and apartments) are in my city. Never use a lending form (such as a 1004) for estate work. My comments: MORTGAGE LENDING IS VERY SLOW NOW. percent from 6.80

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Appraisal Today

FEBRUARY 9, 2024

The government and those that write the rules also state the purpose of an appraisal is to determine the value of the home/property in its market setting, so an underwriter can make a lending decision. Back in the day, this protected the lender from lending more than the home/property is worth. MORTGAGE LENDING IS VERY, VERY CYCLICAL.

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Appraisal Today

MAY 26, 2023

Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. Appraisers analyze the purchase and sale contract to amass and verify data to have detailed data to use in the analytics of future assignments.

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Appraisal Today

JULY 29, 2022

This is actually about fewer buyers getting into contract. Two days later, the FOMC upped the discount rate, the Fed’s primary lending rate to commercial banks, by 50 basis points to 10.5%. Some got teller jobs in bank retail locations. The average contract interest rate for 15-year fixed-rate mortgages increased to 4.95

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Appraisal Today

NOVEMBER 10, 2023

Originally constructed in 1973, an 1100 ht.sq.ft. Additions may be constructed, outbuildings added, and zoning regulations updated. They are working closely with FHFA on how to handle the risk associated with that—things like accuracy, condition, default risk, fair lending, and city vs rural. percent from 7.86 percent from 7.80

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Appraisal Today

DECEMBER 15, 2023

fair lending laws has been on regulators’ radar in recent years. With the pivot towards new construction gaining steam, development patterns for single-family homes, in particular, should be closely tracked. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.84

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Appraisal Today

NOVEMBER 17, 2023

Myth #2: Data collectors are going to replace appraisers There’s a lot of buzz right now about PDC possibly replacing traditional property appraisal, but the intent of this service is to fill a gap in the lending process. Thorne, was best known for his use of steel in residential construction. percent, with points decreasing to 0.67

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Appraisal Today

APRIL 28, 2023

Mortgage lending is very cyclical and dependent on mortgage rates. Its current owner, Dr. Wei-Tzuoh Chen, tapped Niles to construct the abode after buying the property back in 2003, The Wall Street Journal first reported. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.41

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Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. Seattle’s retail vacancy rate is around 14%, sharply higher from 2019 numbers when it was slightly below 2%.

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Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Mortgage lending from the 1870s to today.

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Appraisal Today

SEPTEMBER 17, 2022

Architect Adam Dayem designed the unique 2,500-square-foot residence, which was completed in 2017 after several years of construction. My comment: If you appraise new construction or are interested in the trends, subscribe to their email updates on the upper right side of the web page. 2,500 sq.ft., three bedrooms, and two bathrooms.

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Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. In this category, you find the properties that represent the whimsical side of the design and prove there is no idea too out there when it comes to constructing a building. What’s happening now. percent from 7.14

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Appraisal Today

DECEMBER 9, 2022

This strategy often backfires because parties involved in the lending process cannot find the specific information they are looking for in the report. The frame is built with 60 tons of steel and construction took over 6 years utilizing artisans from all over the world. The average contract interest rate for 5/1 ARMs increased to 5.59

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Will Springer Realtor

APRIL 10, 2024

Climate-resilient housing, which is designed and constructed to withstand and adapt to the impacts of climate change, is increasingly recognized as a critical priority for our region. In turn, consumers experience the trickle-down effect in the form of costlier lending rates when holding credit card debt or purchasing cars and homes.

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Will Springer Realtor

DECEMBER 19, 2023

It increased the Fed funds rate 11 times between March 2022 and July 2023, essentially from 0.25% to 5.25%, on the interest that banks lend to each other. But, like all related aspects of lending, the central bank heavily influences the direction of financing for homes, cars and other expensive items. for all of 2024.

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Will Springer Realtor

DECEMBER 14, 2021

In addition to leisure and hospitality jobs, more workers are finding employment with tech companies – Amazon, Facebook, Microsoft and Google – particularly in Bellevue, Redmond and Kirkland, where the current wave of commercial construction is a precursor to an even greater demand for housing. established at the start of 2021.

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