Housing Wire

JUNE 24, 2022

With the firm entering the mortgage tech industry, the lender will offer some of its proprietary, in-house technology, developed under the Mid America Mortgage brand, across the industry for different lenders who want to build an end-to-end digital mortgage process.

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Mortgage Retail Technology Lending 323

Housing Wire

NOVEMBER 30, 2020

Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. According to Yun, median home prices are rising “ much too fast ” and that transforming raw land into developable lots and new supply are clearly needed to help tame the home-price growth.

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Realtors Inventory Contracts Development 534

Housing Wire

AUGUST 30, 2022

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. If we look further towards property valuation, many concerns were exacerbated by the pandemic and a dwindling number of qualified valuation professionals.

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Tools Lending Technology Valuation 403

Housing Wire

MAY 23, 2023

In March , Fannie Mae released an update to its Seller’s Guide that outlined more options for property valuations, including value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. These additional valuation options will lessen the opportunity for appraisal bias.” Johnson said.

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Technology Appraisal Lending Valuation 357

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Thus, the FHFA will likely have to develop a set of best practices in the coming years to prevent these snags and protect you and lenders. Total year-end sales volume ended at 5.64 Therein lies the problem. Shifting Toward Modernization.

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Appraisal Valuation Modernization Contracts 397

Housing Wire

APRIL 22, 2024

Always include your contact information and a call to action, such as an offer for a free home valuation. In this complimentary meeting, we’ll go through your property, and I’ll give you my expert recommendations on repairs to make, renovations that’ll provide the best return, and, of course, a current market valuation of your property.

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Real Estate Open Houses Brokerage Real Estate Agent 366

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. The more information the MLS listing offers on a home, the more useful the data is at helping appraisers to develop a supportable opinion of the value of a home being appraised.

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Agents Appraisal Renovations Development 374

Cleveland Appraisal Blog

FEBRUARY 4, 2021

So, why offer a valuation service that provides values that should not be relied upon? It appears that the valuations AVM’s provide are really instruments that are used to attract consumers to their sites, where they collect data on people’s searches, while at the same time offering other real estate services and information.

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Advertising Valuation Appraisal Renovations 198

Housing Wire

APRIL 19, 2023

While many customers are interested in adding an ADU for full-time rental, most seem keen on developing a flexible space for personal use as private, detached quarters for visitors and a short-term rental when it’s convenient for them. or better ROI in those markets.

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Buyers Real Estate Construction Finance 348

Housing Wire

SEPTEMBER 7, 2023

As industry players have begun preparing for a variety of potential outcomes in these lawsuits, some agents say they have seen lenders work to develop their consumer-facing marketing. “I Fannie Mae, Freddie Mac and the U.S.

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Buyers Agents Loan Officers Real Estate 390

D Fritz Appraisals

JUNE 28, 2022

Significantly reduced housing inventory. At the same time, inventory of available homes dropped significantly and BCREA Chief Economist Brendon Ogmundson is quoted as saying ‘While sales are not keeping pace with the unprecedented levels seen [in 2021], demand remains strong’. Higher disposable household income .

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Real Estate Marketing Inventory Housing Market 105

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. We do a lot of seminars,” Armstrong explained. “I

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Clients Agents Buyers Sellers 392

DW Slater Company

JUNE 16, 2022

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Month’s Supply of Inventory. Get an Inside Look at Tech-Enabled Valuation Solutions- Appraisal Buzz. Staying Relevant in the Appraisal Industry -Class Valuation, Appraisal Buzz, DataMaster & McKissock.

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Supply Chain Real Estate Investors Appraisal 159

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. That’s where you, the lenders, can step in and help.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

McKissock

JULY 23, 2021

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Exposure time plays a more significant role in appraisals developed for lending purposes than marketing time.

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Appraisal Marketing Market Value Development 99

McKissock

SEPTEMBER 7, 2021

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace.

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Marketing Real Estate Appraisal Inventory 71

Appraisal Today

APRIL 5, 2024

Lanham, 20/20 Valuations, and loanDepot.com, U.S. They alleged that the appraiser had taken into account their race in his valuation of their home in violation of the federal Fair Housing Act and other laws prohibiting discrimination. Significant developments have occurred in the case. District Court, Maryland.

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Appraisal Contracts Business Construction 77

Birmingham Appraisal

JUNE 1, 2022

Today I thought I would share with agents what stats an appraiser analyzes when developing an appraisal in hopes that this may also give them some additional insight when coming up with an asking price for their clients. If demand cools off then the rate of sales will decline and the months of inventory will climb.

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Agents Marketing Contracts Inventory 52

Benyon Commercial Appraiser

SEPTEMBER 18, 2014

New Apartment/Multifamily Construction Downtown Raleigh has a number of developments under construction. Local news outlets report that the new inventory is expected to soften rental rates once all of the units come on line. The current occupancy rates of the existing developments in the area appear to be pretty strong.

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Investing Marketing Construction Development 36

Appraisal Today

JUNE 23, 2023

Fannie has been upfront about its interest in developing appraisal “alternatives.” Both Fannie and Freddie insist that appraisers remain an integral part of the valuation landscape and demand for appraisal services will continue into the future. However, the timing of Fannie’s update could not have come at a worse time.

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Appraisal Real Estate Valuation Contracts 86

Housing Wire

NOVEMBER 3, 2023

The Federal Housing Administration (FHA) announced this week that it has implemented updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae ’s MH Advantage and Freddie Mac ’s CHOICEHome programs. Gordon added that the FHA is making this move to serve needs for both inventory and affordability.

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Appraisal Valuation Insurance Tools 410

Cleveland Appraisal Blog

JANUARY 21, 2021

Cracks develop when stress upon a dwelling exceeds its strength. Remember, if you develop a crack, on your house that is, do not panic! In it, I provide short episodes that provide you with stats on median sales prices, marketing times, housing inventory and other related stats, on specific neighborhoods in Northeast Ohio.

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Appraisal Inspection Real Estate Market Value 233

Cleveland Appraisal Blog

MARCH 4, 2021

We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. Once we know these things, we can determine how much value a home has lost.

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Appraisal Real Estate Real Estate Agent Loan Conditions 223

Housing Wire

NOVEMBER 13, 2020

Low mortgage rates and record-low housing inventory has driven home price increases throughout the year. Finding a solution to the housing inventory crisis, NARs Chief Economist Lawrence Yun said. lower than the total inventory at the end of Q3 last year. As of September 2020, there were enough homes in inventory to last 2.7

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Inventory Realtors Buyers Development 539

Miller Samuel

MARCH 19, 2019

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Real Estate Law Development Investors 370

Housing Wire

SEPTEMBER 3, 2021

From record low interest rates to inventory shortages and soaring home prices, the pandemic has been keeping the industry on its toes. Mohtashami is a housing data analyst and financial writer who developed the America is Back economic model that accurately predicted in April 2020 how the economy would recover from COVID.

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Real Estate Inventory Technology Valuation 401

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. Request a reasonable fee based on the time involved in developing, analyzing, and reporting the appraisal. Just over 8% of U.S. homes are worth $1 million or more, near June 2022’s all-time high of 8.6%.

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Appraisal Contracts Inspection Real Estate 75

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). Instead, they can have rights to it via an easement agreement until 2153—an arrangement that protects the house from developers. Was it the borrower?

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Reconsideration of Value Appraisal Real Estate Insurance 73

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. This is not the only place people are shelling out a lot of bread! .

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Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

JUNE 16, 2023

It also describes the risks of deficient residential real estate valuations, whether through omissions, errors, discrimination or lack of information. A Restricted Appraisal Report does not mean shortcuts may be taken in developing the appraisal.

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Appraisal Contracts Design Mortgage 75

Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. And we’ve learned a lot over the last decade as we’ve researched and developed more accurate AVM tools. An Automated Valuation Model (AVM) is a technology-based tool that uses algorithms to determine the value of a property.

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Housing Market Valuation Marketing Real Estate 69

Appraisal Today

OCTOBER 20, 2023

Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), has announced a new policy which allows lenders to count income from small units of housing built inside, attached to, or on the same property as a primary residence (Accessory Dwelling Units [ADU]) when underwriting a mortgage.

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Appraisal Design Contracts Inspection 71

Housing Wire

MARCH 30, 2021

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry.

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Insurance Mortgage Valuation Design 308

Appraisal Today

MAY 19, 2023

ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process. My first appraisal job was updating data records for an assessor’s office, converting to computerized valuation in the mid-1970s. The answer is, Yes! Nothing wrong with that. I learned a lot.

Appraisal 52

Appraisal Business Contracts Real Estate 52

D Fritz Appraisals

JULY 7, 2021

In an article by the Vancouver Island Free Daily, pent-up demand and extremely low inventory have also been driving factors for the rapid-fire sales. It hasn’t just been existing homes either, plots of land and new developments have been selling just as fast as the listing goes live. Fritz Appraisals Inc.,

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Real Estate Appraisal Buyers Investors 136

Appraisal Today

JULY 8, 2022

So, when the time came, developers tore down the surrounding (and connected) properties, which meant they literally sliced and diced, disconnecting the 54 ½ property from the rest, giving it a look like one whole house had been cut in two. By Peter Christensen, Founder of Valuation Legal. But one owner—the Valkos family at 54 ½ St.

Appraisal 52

Appraisal Property Taxes Contracts Mortgage 52

McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. Download our free guide on how to get the most out of your professional development.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96