January, 2019

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Here's What A Manhattan Commute With "Vertical Travel" Looks Like For Ken Griffin

Miller Samuel

As coined in a Bloomberg article about hedge funder Ken Griffin's $238 million condo purchase in Manhattan, a " vertical travel " is something many New Yorkers do every day - I've just never heard it described that way (following bold is my emphasis). Citadel has signed a lease to anchor a skyscraper at 425 Park Avenue, eight-tenths of a mile from Griffin’s new apartment, not including vertical travel.

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Market Overview: Montgomery County, PA

Padove Appraisal Service

We’ve all seen recent news articles about the slumping residential real estate market. These articles mostly reflect national trends. Real estate is very local, so let’s take a look closer to home. I have chosen to focus on Montgomery County, PA, an area I work heavily in. The first thing I will examine is the volume of current listings. This will help show us where the market is at.

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Identifying the Top 3 Most Common Types of Mortgage Fraud

Genworth MI Blog

In the mortgage industry, we consistently hear that mortgage fraud is becoming more difficult to commit. What that really means is that traditional methods of mortgage fraud are becoming more difficult to commit, especially with improvements in technology and verification of borrower information. Despite these improvements, fraudsters learn quickly and are always looking for new ways to get around the improvements the mortgage industry makes to protect lenders and borrowers alike.

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What basics are involved in an FHA Appraisal?

Advanced Appraisal

FHA Appraisal Friday

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Is Buying a Historic Home Right for You?

Zillow

Some home buyers want new, modern and move-in ready. Others prefer older homes, with character and charm they can't find in new construction. If you’re interested in historic homes, take these factors into consideration as you shop. Historic neighborhoods often impose restrictions. Many towns throughout the U.S. have zoning and planning commissions that, among other things, set out to preserve and protect historic homes and neighborhoods.

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Appraisers Outraged! End The Appraiser Payment Issue!

The People's Appraisal Blog

” I am owed $20,000.00″ “I am owed $2000.00” “I am owed $500.00” “I am owed $1500.00” These are just some of the quotes pulled from various groups, message boards and forums from appraisers all over the country that are owed money for the appraisal services they provided. Services they provided for a Lender, Mortgage Company or Bank through an Appraisal Management Company or AMC as they are known.

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5 Things to do outdoors near Lincoln, Maine

Lifestyle Properties of Maine

If you love the outdoors you need to come to the Lincoln Lakes Region of Maine. Lakes, Ponds, rivers, trails and friendly people are easy to find. The following activities are just a start of what you can do in the outdoors of Lincoln. 1. Paddling the Lincoln Lakes Dave Sandilands paddling on Cold Stream Pond in Lincoln, Photo Courtesy of Phil McPhail Lincoln has 13 lakes in clusters within the township.

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Identifying the Top 3 Most Common Types of Mortgage Fraud

Genworth MI Blog

In the mortgage industry, we consistently hear that mortgage fraud is becoming more difficult to commit. What that really means is that traditional methods of mortgage fraud are becoming more difficult to commit, especially with improvements in technology and verification of borrower information. Despite these improvements, fraudsters learn quickly and are always looking for new ways to get around the improvements the mortgage industry makes to protect lenders and borrowers alike.

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Oak Lawn, Alsip, Mt. Greenwood, Beverly, Palos Heights 18' Trends

Advanced Appraisal

01/14/2019

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Honesty and Integrity: K.W. APPRAISALS, LLC

K.W. Appraisals

Real estate appraisal is called a profession rather than a trade, and as with any profession we have a strict ethical code. We have a great deal of responsibilities as appraisers, but our main duty is to our clients. Normally, in residential practice, the lender (or an agent of the lender) places the order to the appraiser, becoming the appraiser's client.

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AGA Is On Your Side

The People's Appraisal Blog

We have all seen the the commercials for Nationwide Insurance and that they are on your side. As real estate appraisers do we know who is really on our side? There are so many organizations that represent appraisers. Many claim to help appraisers, many do help appraisers, many are out there to fight for appraisers, many offer education and many just want us to join them in their own agenda journey made up of false narrative and false promises.

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Bloomberg TV 1-17-19: The Northeast to South Florida Housing Market Connection Explored

Miller Samuel

Just before I stepped on the set, I got to look at the Bloomberg file photo taken at my office about 15 years ago (I think I've aged gracefully) but I was also called out for it. Was the last time you were on Bloomberg Markets 1995? That headshot.— Hiten Samtani (@hitsamty) January 17, 2019. Here's the interview along with a cameo by Sam Zell, lol!

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Baltimore Trends and the Outlook for 2019

Robinson Appraisal Group

Buyers and sellers are in for another nail biting year of making predictions regarding the Baltimore metropolitan market. There seems to be a slightly harder road ahead than last year due to the future of the Federal Fund Rate. Interest rates are projected to rise from its current 5% to 5.5% by the end of 2019. The rate hike will be based on data from the overall economy growth.

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Do I really need an appraisal?

Padove Appraisal Service

Your lender may have told you that they don’t need an appraisal. This doesn’t mean that you don’t need an appraisal. The mortgage industry has repeatedly attempted to eliminate the requirement for a home appraisal in the lending process. Lenders have introduced programs with little success. Most attempts to remove the appraisal requirement have included use of an automated valuation model (AVM).

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5 Things to Look for in a Rental Listing

Zillow

Whether you're looking for an apartment , single-family house or townhome - and whether you're in a city, the suburbs or a small town - be prepared to spend a lot of time online and even more time driving around to tour the most promising places in person. If you want to save time and avoid headaches, make sure that every rental listing you consider has all the information you need.

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Qualified Appraisal Reviews

K.W. Appraisals

The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is suitable for the transaction, the exposure inherit in the transaction, and whether the procedure by which the property valuation is rendered ensures independence and quality. Moreover, they should indicate whether the appraisal or evaluation report is in line with the engagement letter, which sets forth the scope of the appraisal assignment.

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Nightly Business Report/CNBC: January 3, 2019, Manhattan Housing Trends

Miller Samuel

After I finished the Yahoo Finance interview last Thursday, I ran over to 30Rock and taped a segment for Nightly Business Report/CNBC on our Elliman Manhattan report release. Robert Frank, the wealth editor for CNBC, interviewed me remotely. These are pretty fun to do, especially because to get there, I have to walk next to Christmas Tree, Rockefeller Ice Rink and finally "The Tonight Show Starring Jimmy Fallon" set.

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Market Conditions Early 2019

K.W. Appraisals

Following two consecutive months of increases, existing-home sales declined in the month of December, according to the NAR (National Association of Realtors). None of the four major U.S. regions saw a gain in sales activity last month. Lawrence Yun , NAR’s chief economist, says current housing numbers are partly a result of higher interest rates during much of 2018.