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Lenders Not Using AMCs for Appraisals

Appraisal Today

As several calls to the listing agent have gone unreturned, we (and social media) are left wondering why this modern marvel hasn’t sold. Existing-home sales continued to be held back by a lack of for-sale inventory as many potential sellers are holding on to their lower-rate mortgages.” percent of total applications from 26.9

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USPAP Myths for Appraisers

Appraisal Today

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 30-year fixed-rate mortgages backed by the FHA increased to 6.51

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Remove all bathtubs from home?

Appraisal Today

Other sources of housing data are showing increases in new listings, which is a real positive for the spring buying season given the lack of for-sale inventory.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 7.02 percent the previous week.

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Why Appraisal Workfiles Are Important

Appraisal Today

Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.74

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Fannie: Words and Phrases in Appraisals

Appraisal Today

The finished mansion took nearly twenty years and its distinctive style is simultaneously primitive and modern, blending well into the high desert landscape. Rates that are still more than a percentage point higher than a year ago, and low for-sale inventory continue to constrain homebuying activity in many markets. percent from 6.81

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Tools To Support Appraisal Adjustments

Appraisal Today

Jauregui (agent) explains that the three-level residence was designed to blend modern design with sustainability. Added Kan, “While the downward move in rates benefits prospective homebuyers, mortgage rates are still much higher than they were a year ago, while for-sale inventory remains tight.” percent of total applications from 30.6

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State Appraisal Boards – What Do They Look For?

Appraisal Today

Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.43