Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

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Zillow

JULY 15, 2019

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value.

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Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

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Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. “Americans have seen home values rise at record rates over the past few years.

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Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. They really help.

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PennyMac

JUNE 28, 2022

When you’re ready to close on your new home, you’ll find there’s one more round of payments to make: closing costs. Getting a mortgage isn’t free, and closing on a house isn’t free. There are costs through this last phase of the process of buying your home. In some states, you need an attorney to close on your home.

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Houston Properties

JANUARY 13, 2021

COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Household Finances – The Best (Ever).

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Appraisal Buzz

AUGUST 29, 2022

Though the federal government has yet to pass legislation directly tackling the current housing crisis, some bills may affect it indirectly. In the past few years, home prices have risen to the point where we are in another housing crisis. In 2020, 30% of all households had “unaffordable” mortgage or rent payments.

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Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. These programs are designed to help people buy their first home. The challenges of buying a home as a recent college graduate are similar to that of buying a home as a government employee.

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PennyMac

JANUARY 3, 2024

The Mortgage Process The mortgage process for a second-time homebuyer generally follows the same steps as a first-time homebuyer. Potential for No Down Payment While most mortgages require a down payment, you may qualify for a zero-down payment VA loan if you're a veteran, service member or military family.

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Data before 1971 is minimal.

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Appraisal Today

DECEMBER 9, 2022

NOTE: Please scroll down to read the other topics in this long blog post on retirement, classes, adjustments, real estate market, unusual homes, mortgage origination stats, etc. How Grocery Store Locations Impact Home Values. The average value for homes near a Whole Foods is $891,416, and $321,116 for homes near an ALDI.

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Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion [due to increased home values]. “…The

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PennyMac

JANUARY 3, 2024

A VA loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs. VA loans are government-backed loans that offer veterans and service members more flexible borrower criteria than conventional loans. Here’s a breakdown of the steps involved in applying for and securing a VA home purchase loan.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. A large contributing factor to the rise in home prices is the low amount of inventory available. A whopping 3,644 homes closed during that busy summer month, 15.6 Offer a Land Contract: What is a land contract?

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Will Springer Realtor

APRIL 10, 2024

A federal appeals court, in a separate legal case, on April 5 granted the DoJ the right to reopen an investigation into NAR policies even after the government ended the probe in 2020.) Insurance companies may argue, however, that the costs are simply increasing along with home values. The average mortgage holder paid $4.90

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Assurance Financial

NOVEMBER 9, 2021

This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. During this time, unsustainable mortgage rates caused many homes to go into foreclosure, resulting in significant price drops from homeowners desperate to sell.

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Houston Properties

JANUARY 12, 2022

The biggest gains are expected in administrative support, government, health care and social assistance, professional, scientific, and technical services, and restaurants and bars. As home prices increase over time, it lowers the loan value of any mortgage debt. With higher home values come higher rental rates.

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Housing Wire

JUNE 14, 2022

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

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Will Springer Realtor

AUGUST 9, 2022

There is no one-size-fits-all solution to solving our shortage of affordable homes but one answer that appears to have wider appeal is to aggressively advocate for accessory dwelling units (ADUs) – either attached to a structure or detached (DADU) in a backyard. I have written on this topic before. Most zoning laws grant units up to 1000 sq.

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Will Springer Realtor

NOVEMBER 12, 2021

Zoning , the regulation of land use and structures, essentially dictates how and where we live – with near-unbridled discretion by local governments. In this monthly newsletter, we have called for a generational response to the housing shortage, particularly to address the near-absence of affordable homes. Some parts of the U.S. –

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