Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. housing market presents a landscape of contrasts and evolving dynamics. Is The Housing Market OK? percent from 7.04

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Appraisal Today

JANUARY 5, 2024

Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. . :< Iconic Malibu CA Masterpiece – Airbnb $1,950 per night Excerpts: 3 bedrooms, 2.5 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.26

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Housing Wire

DECEMBER 20, 2021

Also, the DEO said it is implementing 20 projects to modernize its systems, and 97% of all eligible benefits requested before Oct.15 These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We If the program does break right, the benefits for the housing market are clear.

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Appraisal Today

APRIL 5, 2024

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Features include a pool house haven, a 5,000 sq ft guest house that can be utilized as a rejuvenation center, and a cantilevered spa with an indoor/outdoor pool. The average contract interest rate for 5/1 ARMs increased to 6.37

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D Fritz Appraisals

AUGUST 11, 2022

We know that prospective home buyers have to move quickly in a competitive housing market, but there are a number of reasons why buying a house online has surged in recent years. Modern technology can give us higher quality photos and videos than ever before. Both parties sign the contract.

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Eppraisal

OCTOBER 20, 2023

If necessary, consider updating your plumbing to meet modern standards and reduce the risk of future issues. Consider modernizing your electrical systems to meet current standards and accommodate the renovation's needs, including outlets, lighting and load capacity.

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Appraisal Today

JANUARY 20, 2023

People call it modern, but I think it’s more a contemporary style with its open spaces, large expanses of windows, and unconventional volumes of space,” says listing agent Pradnya Martz, of Keller Williams. Could a seller credit damage the chance of appraising at the purchase contract? It sounds a bit suspect, right?

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Will Springer Realtor

JULY 20, 2021

Gone are the days of buyers and sellers walking into a real estate office to pore over books filled with the latest MLS listings, review typed contracts in triplicate and take in the smell of singed facsimile paper in the air. Consumers want to enjoy the home-buying and -selling experience in a modern, tech-friendly, transparent way.

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Appraisal Today

JULY 1, 2023

Why Higher Mortgage Rates Don’t Always Lead to Declining House Prices First American Blog June 26, 2023 Excerpts:“Nominal house prices need to adjust to the reality of higher mortgage rates for the housing market to become more affordable and balanced, but a fundamental housing supply shortage is keeping a floor on how low house prices can go.”In

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Listing Spark

AUGUST 23, 2023

Some of the biggest challenges you’ll encounter include the following: Knowing how to price your property: There’s an old adage that your house is worth whatever someone is willing to pay for it—and in Texas’s red-hot housing market, people are willing to pay a lot for the right location or a property with the right amenities.

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Real estate market? ==. Excerpts: the 14,500-square-foot modern home where almost every room offers an excellent view.

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Appraisal Today

AUGUST 5, 2022

Fannie: Learn how valuation modernization is changing collateral underwriting – Video, 1 hour, 23 minutes. Excerpt from emailed notice: “Valuation Modernization: New perspectives on collateral underwriting” is a must-see for underwriters and appraisal reviewers. The housing market is cooling-off. Or, hit the reply button.

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Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

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Appraisal Today

AUGUST 18, 2023

With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16 percent from 7.09 percent from 7.04 percent from 7.02

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Appraisal Today

JANUARY 27, 2023

The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.” percent from 6.23

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Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.39

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Appraisal Today

AUGUST 4, 2023

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.93 The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) decreased to 6.89 The average contract interest rate for 5/1 ARMs increased to 6.18

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Appraisal Today

JULY 7, 2023

Everything has been fully modernized. Markets go up and down I’ve been writing for years about how normal it is for markets to go up and down. Housing markets are like my waist line. I talked with someone last year who was struggling with suicidal thoughts when the housing market saw a major shift.

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Appraisal Today

SEPTEMBER 23, 2022

House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. Click here for more info! percent from 6.01

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Housing Wire

MAY 2, 2022

The FHFA’s decision to permanently allow desktop appraisals was a major milestone for appraisal modernization efforts and will push fintech companies to build out product offerings on the spectrum between an AVM and a full appraisal. So using the contract price as a proxy for value, the LTV cap is 90.

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Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded.

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Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Appraisal Today

JANUARY 26, 2024

To see the Listing with 49 photos, Click Here == The housing market has ’80s vibes January 23, 2024 By Ryan Lundquist Excerpts: The housing market has ’80s vibes. The ’90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. Enjoy a tranquil stay among nature.

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Appraisal Buzz

AUGUST 29, 2022

The infrastructure upgrades inside the bill could significantly impact some of the housing market’s problems. The Current Housing Crisis. In the past few years, home prices have risen to the point where we are in another housing crisis. 39 billion to modernize transit. $17 17 billion for port improvements. $25

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Appraisal Today

SEPTEMBER 8, 2023

an ever-evolving economic environment, key aspects such as inflation, employment, and the housing market are undergoing significant changes in August 2023. This post analyzes the recent data and insights, highlighting potential impacts and the overarching market conditions. bath, 2,908 sq.ft., percent from 7.31 percent from 7.28

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Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. The local single-family market is riding a similar up-and-down wave, depending on the area.

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Appraisal Today

JULY 29, 2022

It sits in the Sarasota beachfront neighborhood of Lido Shores, an area that’s a haven for modern architecture. Four things about Today’s Housing Market. 1) The spike in housing supply is NOT due to sellers: In a short period of time, we went from having three weeks of supply in the Sacramento region to ten weeks.

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Appraisal Today

DECEMBER 23, 2022

Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” My comments: George continues on his long-time quest to really modernize residential appraisals, not just designing another type of online report or speeding up the appraisal process with AVMs and desktops. To read what more, click here.

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Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. The future will mean housing is abundant, affordable, beautiful, diverse, and exciting,” Ballard said. “The

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Appraisal Today

OCTOBER 14, 2022

At the Bloomhouse, you leave behind the confines of modernity and the rules of logic, to live only in whimsy. The news that job growth and wage growth continued in September is positive for the housing market, as higher incomes support housing demand. The average contract interest rate for 5/1 ARMs increased to 5.56

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Appraisal Insurance Real Estate Business 52

Will Springer Realtor

MAY 13, 2024

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. About three-quarters of the 459 residences are under contract with a target opening late this year.

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Will Springer Realtor

MAY 9, 2023

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Why the desire to leave?

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Appraisal Today

NOVEMBER 20, 2022

The housing market will figure it out. Excerpts: The housing market has really changed, and it’s not an easy time to work in real estate. Every detail of the newly constructed interior was carefully thought out to maintain the unique cylindrical structure while adding a modern, minimalistic feel. percent from 7.14

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Will Springer Realtor

JANUARY 9, 2024

It’s a positive shift that could soon reshape the landscape of the housing market, offering hope and opportunities for those eager to embark on a new homeownership journey. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. Olympia also established a law, effective Jan.

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Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Will Springer Realtor

OCTOBER 11, 2023

We are starting to see all those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has shifted housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

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