Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. Get licensed or certified (24%) Grow my business (23%) “As the lending side of the commercial appraisal business has declined, we are actively networking to increase our private party work for CPAs, lawyers, and estate planning professionals.”

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Appraisal Today

JULY 14, 2023

To read click here Short video (2 minutes): Future of Condo Lending. Hearst was introduced to Julia Morgan by his tycoon father, William Randolph Hearst, who’d previously hired the architect to design his now-iconic Hearst Castle in San Simeon in 1919. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.42

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Appraisal Today

APRIL 14, 2023

Similar to homes with biophilic design, water and surrounding nature can make us happier and help our overall well-being by encouraging us to spend time outdoors. Browse the following resources designed to help you avoid common appraisal errors and violations. Here are two: 1. 25 Common Errors in Appraisal Reports 2. percent from 6.40

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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.” The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.25

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Appraisal Today

MARCH 31, 2023

Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century. Las Vegas Mansion With a Custom-Designed Italian Streetscape $6,500,00 Excerpts: This custom-designed mansion will immediately transport you to Italy with its replica of a charming Italian street. percent from 6.71

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Appraisal Today

FEBRUARY 23, 2024

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! But the waterfront building’s more-recent design is rooted in a nautical past. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.91 baths, 8,500 sq.ft.,

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Appraisal Today

NOVEMBER 4, 2022

Architect James Kluttz designed the place for himself and his family in 1987. Mortgage Lending You decide. Excerpts: Accurate appraisals are essential to the integrity of mortgage lending. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.70 Type of report.

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Appraisal Today

FEBRUARY 3, 2023

23, 2023 My comment: This only applies to residential lending appraisals, of course. To read more, plus over 60 appraiser comments, click here My comments: This only applies to residential lending appraisals, of course. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.18

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Appraisal Today

NOVEMBER 10, 2022

Located on approximately 5 acres overlooking the Pacific Ocean, this spectacular 25,025-square-foot megamansion was designed by architect Robert A.M. It is not necessary for one or more of the comparable sales to be of the same design and appeal as the property you are appraising. Dig deep for comparables. 3 bedroom 3 1/2 bath home.

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Appraisal Today

AUGUST 5, 2022

Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. The average contract interest rate for 5/1 ARMs decreased to 4.55

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Appraisal Today

OCTOBER 7, 2022

The multistory home bucks convention, boasting an eccentric, inverted design. Excerpts: Lakeland engaged in a pattern or practice of lending discrimination by “redlining” in the Newark metropolitan area. 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

FEBRUARY 24, 2023

AMCs had taken over the mortgage-lending work. It was built in 1908 and inspired by medieval design—but it boasts a bright and whimsical exterior painted a brilliant gold and purple. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.62

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Appraisal Today

SEPTEMBER 15, 2023

The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. The volumetry is always in continuous movement. Having changes indicated in red really helps!

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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. Some go one step further and fulfill strenuous education and experience requirements to become designated members of the Appraisal Institute. Rent a section to retail establishments.

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Appraisal Today

FEBRUARY 16, 2024

She designed more than 700 buildings in California during a long and prolific career. Many downtown mixed-use buildings (retail and apartments) are in my city. I appraised many of them, but never noticed any effect, plus or minus, for historic designation. Never use a lending form (such as a 1004) for estate work.

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Appraisal Today

APRIL 12, 2024

But if for lending, it might be rejected on review by GSE computers or humans. Why Doesn’t Anyone Want Tulsa’s Frank Lloyd Wright-Designed Home? Acre lot, Built in 1929 With a nearly half-price discount, a Frank Lloyd Wright-designed home in Tulsa, OK, is back on the market. Thanks to Tom for writing this blog post.

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Appraisal Today

MAY 12, 2023

Whimsical Casa Luna Bounces Onto the Market in Big Sur for $6,600,000 (dropped from $7M in December 2022) (Mickey) Manning architecture and designed homes to complement their natural surroundings. Mortgage lending is very, very cyclical. I agree that I would be world-famous and rich if I could predict mortgage lending cycles!

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Appraisal Today

AUGUST 25, 2023

It’s designed to mimic a tree growing with the branches and the roots down on the bottom, with the branches reaching up,” Steeves-Haith explains. Never be dependent on the ups and downs of lending again! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.31

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Appraisal Today

DECEMBER 22, 2023

Have you ever driven closer and closer to your subject and noticed that the homes are much smaller or have standard designs? So is a network of contacts in all areas of the real estate industry, not just the lending community. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.65

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Appraisal Today

NOVEMBER 10, 2023

The glass-fronted abode has an innovative design that reflects the trees and nature around it. “A This one was designed by the late world-renowned architect James Lambeth, who in Arkansas is a big deal.” The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) decreased to 7.58

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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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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

JULY 29, 2022

Excerpts: Built in 1959 and designed by Tollyn Twitchell for Ralph Twitchell Architects, the 3,419-square-foot, ranch-style home is listed for $3 million. This is actually about fewer buyers getting into contract. Some got teller jobs in bank retail locations. Iconic Zigzag Midcentury House in Sarasota, FL. Home prices declined.

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Appraisal Today

OCTOBER 6, 2023

Perhaps that’s by design, in this case, to make the results more compelling. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.53 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.29

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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

DECEMBER 16, 2022

Joe Minnich, a condo risk consultant, spoke on how loans secured by an individual unit in a condominium project have greater risk than found in typical SFR lending. Danish Home Designed to Showcase Its Owner’s Vintage Car Collection. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.40

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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. The unique design of the house is its most impressive feature,” says listing agent Emma Morris, of Red Oak Realty.

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Appraisal Today

APRIL 28, 2023

Mortgage lending is very cyclical and dependent on mortgage rates. million, the glass-and-steel Southern California mansion was designed by famed contemporary architect Ed Niles. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.55 percent from 0.5

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Appraisal Today

FEBRUARY 2, 2024

acre lot Designed by Robert Swatt of Swatt Miers Architects, a San Francisco-area firm that has won scores of design awards, the site-specific cantilevered house “is in a league of its own,” Newton Cane said. Impact on Appraising As I explained, the lending system has issues with properties capable of being used for five or more units.

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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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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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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. The mansion was designed by architect Richard Landry and sits on a hillside with fabulous views. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.71

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Appraisal Today

MAY 27, 2022

The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. Mortgage lending from the 1870s to today. Local architect William Lang designed the home with a signature three-story. The average contract interest rate for 5/1 ARMs increased to 4.49 Rocky Mountain $3.5M

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Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.61 percent from 5.80

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