McKissock

APRIL 2, 2021

of homes sold above list price in March, with San Jose, Sacramento, and Salt Lake City among the top real estate markets driving the all-time high. A new report finds that online auctions reduce REO holding times by 52%. The Appraiser Coach) writes that Fannie Mae is not coming out with any new appraisal forms.

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Cleveland Appraisal Blog

FEBRUARY 16, 2024

I know most of my readers are interested in appraisal and real estate-related topics. FINISHED SQUARE FOOTAGE On more than one occasion some who have read my appraisal reports felt that my opinion of value was too high. Independence, OH – This is a ranch-style home reported in Zillow’s as having 3,868 sq. to be 2,040 sq.

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Appraisal Buzz

APRIL 15, 2024

say they’ll never own a home due to lack of affordability, a recent survey from Redfin shows. Nearly half (44%) of renters who don’t believe they’ll buy a home in the near future say it’s because available homes are too expensive. Roughly one in eight (14%) simply aren’t interested in owning a home. The median U.S.

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Appraisal Buzz

JULY 16, 2021

It was big, bad news when it came out last summer. Backstory In early August 2020, Fannie and Freddie (who collectively buy or guarantee a vast majority of all mortgages) announced that virtually all conventional refinance loans would be subject to a new fee of 0.50 points (e.g. an extra $1500 upfront on a. points (e.g.

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Housing Wire

JANUARY 17, 2024

Mortgage Matchup will continue to be a consumer-facing website focused on homebuyers and real estate agents and offer educational material around the home buying and refinancing processes, along with a database of independent mortgage brokers near them, said UWM in a news release Wednesday.

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Appraisal Buzz

AUGUST 20, 2021

Homebuying demand begins to ease up a bit, with 5% of home sellers dropping their price in recent weeks. Appraisers are urged to pay attention to policy. Read on for more appraisal news and insights. 5% of home sellers dropped their price in recent weeks. Read on for more appraisal news and insights.

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Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. Who is eligible?

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Mortgage Renovations Appraisal Process Finance 441

Housing Wire

MARCH 24, 2023

When you google “ appraisal gap” — and I just did — a long list of search results appear. To my surprise, the top results did not link to economists expounding on the intricacies of home price fluctuations, the leading theories on avoiding overvaluation or pictures of stunt riders jumping over a canyon filled with printed PDF docs. (OK,

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Miller Samuel

JUNE 18, 2021

The interview was placed on Newsday's home page, which was pretty cool. Newsday is the largest news publication for Long Island, New York. The post TV: Newsday Live: Hot Tips For a Hot Market: For Sellers first appeared on Miller Samuel Real Estate Appraisers & Consultants.

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Housing Wire

JANUARY 9, 2024

One of the challenges is that appraisals for ADUs are often unrefined and idiosyncratic, as appraisers are still getting used to this asset type and good comps can be hard to assemble. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.” Sean Roberts is the CEO of Villa Homes.

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Housing Wire

SEPTEMBER 7, 2022

. “Based on the success of our crypto mortgage offering, we are now able to empower those who would have liked 100% financing via a crypto mortgage when purchasing their home,” Josip Rupena, CEO and founder of Milo, said in a statement. and foreign nationals to purchase or refinance a home in the U.S.

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Mortgage Loan Conditions Finance Investing 432

Housing Wire

MAY 7, 2021

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire: What’s the biggest pain point appraisers are currently facing?

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Housing Market Appraisal Appraisal Process Marketing 545

Appraisal Buzz

OCTOBER 3, 2022

What should appraisers know before they sign the appraisal report and deliver their professional opinion of value? Many appraisers working in today’s marketplaces are about to find out how important this is. According to their public website, in June 2022, the supply of existing homes for sale would last 3 months.

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Housing Wire

JUNE 15, 2021

This is Part II of HousingWire’s deep dive into the appraisal profession, and the wave of racial bias claims that has rocked it. In Part I, we looked at the origins of the profession, its present demographic makeup and leadership, and the many struggles of appraisers. HousingWire Magazine delivered to your home or office.

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Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

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Appraisal Buzz

AUGUST 26, 2022

The newest national survey of new homeowners commissioned by U.S News & World 360 Report Reviews found that a majority of new homeowners who purchased a home since the beginning of 2021 reported that they felt “house rich and cash poor” with many admitting they felt pressure to buy as home prices ramped up.

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Appraisal 195

Cleveland Appraisal Blog

OCTOBER 27, 2022

Are you anticipating having your home appraised? While she is not an appraiser, I am, and I agree that these things can help! When selling or refinancing a house, an appraisal is typically necessary. When selling or refinancing a house, an appraisal is typically necessary. All of our time is spent at home.

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Not professional appraisers. MARKET TRENDS As everyone knows, home sales prices over the past few years were increasing rapidly!

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Appraisal Market Value Legal Property Appraisal 354

Appraisal Buzz

DECEMBER 10, 2021

Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal. The post Housing Market Predictions for 2022 and Other Appraisal News appeared first on Appraisal Buzz.

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Housing Wire

OCTOBER 1, 2022

If discrimination is committed by appraisers – as the news headlines would suggest – fellow appraisers and real estate agents say they rarely witness or experience it. Another issue with appraiser competency could be appraisers’ apparent lack of familiarity with valuation tools.

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Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. Tappable home equity is expected to decrease to a forecasted $18.1 Delinquency on home equity products has also remained low.

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Cleveland Appraisal Blog

JULY 20, 2022

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. But not always.

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Appraisal Market Value Contracts Buyers 397

Housing Wire

JANUARY 25, 2022

With the recent news about desktop appraisals, appraisal technology is top of mind for many. HousingWire recently spoke with Reggora co-founder and CTO Will Denslow about the role of technology in appraisal innovation. How will this affect appraisal technology moving forward?

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Technology Appraisal Modernization Valuation 370

Housing Wire

NOVEMBER 9, 2022

While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. Home equity loans and home equity lines of credit (HELOCs) are both loan products that are secured by the equity on a borrower’s home. Read on to find out.

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Mortgage Marketing Appraisal 531

Appraisal Buzz

JANUARY 3, 2022

Some borrowers exiting forbearance are turning to Chapter 13 bankruptcy to save their homes. Wolf in this exclusive to DS News. The post Finding a Path to Resolution appeared first on Appraisal Buzz. Unfortunately, forbearance doesn’t play well with bankruptcy finds Attorney Alan S.

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Appraisal 195

Appraisal Buzz

JUNE 21, 2022

You might remember a case that made national news some time back involving a six-foot-high pink stockade fence erected between several houses and a small lake (actually just a large retention pond). appeared first on Appraisal Buzz. Does your subject property really front on the water? The post Where Does Water Frontage End?

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Appraisal 195

Appraisal Buzz

MAY 13, 2021

That applications for mortgages to purchase newly constructed homes rose 30.8 However, it is good news that the Mortgage Bankers Association (MBA) estimates that new home sales are expected to increase by 8 percent when the April numbers are published. MBA says its estimate of new home sales.

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Construction Appraisal Mortgage 221

Cleveland Appraisal Blog

JULY 16, 2022

Purchasing your first home is exciting! Making Your First Home Purchase Choice. Whether to buy your forever home now, or make your first home investment a starter home is a big decision. The first step in determining what kind of home you can afford to purchase is having an accurate appraisal.

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Appraisal Contracts Property Taxes Investing 298

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. What do you think?

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Inspection Appraisal Technology Clients 369

Cleveland Appraisal Blog

JANUARY 19, 2023

The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value. Have you heard of a property being overimproved, or super adequate?

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Appraisal Buzz

MAY 7, 2021

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news New homes are selling like it’s 2006 again. .”

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Construction Appraisal Marketing 195

Housing Wire

AUGUST 23, 2022

The committee, whose members have not yet been selected, will focus on the FHFA’s regulated entities, Fannie Mae , Freddie Mac and the Federal Home Loan Banks. Both GSEs also plan to reduce bias in appraisals, in part through higher usage of automated appraisals.

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Cleveland Appraisal Blog

JANUARY 12, 2023

Are you planning on moving to a new state? Employment, the cost of the move, buying a home, and many other things. This week, I welcome a new guest blogger, Ryan Mackenzie, who shares tips for making a move more manageable. So you have decided to move to a new state. Research Potential Homes Before You Move.

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Appraisal Business Investing Housing Market 304

Cleveland Appraisal Blog

MAY 26, 2022

Does your home need to be jacked up? Occasionally, when performing appraisal inspections/observations, I see homes that suffer from serious settlement issues. I once appraised a home that had a noticeable tilt to it when walking through. After all, a tilting home is a quick way to lose one’s marbles !

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Appraisal Inspection Construction Marketing 243

Appraisal Buzz

AUGUST 25, 2022

Point2, the news and research division of Yardi Systems Inc., revealed in a new report authored by … The post Americans Increasingly Looking at Homes in Mexico; Canada appeared first on DSNews. The post Americans Increasingly Looking at Homes in Mexico; Canada appeared first on Appraisal Buzz.

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Appraisal 150

Housing Wire

AUGUST 23, 2022

Desktop appraisals became a permanent option for certain loans earlier this year. HousingWire recently spoke with Kenon Chen, Executive Vice President of Corporate Strategy at Clear Capital, about desktop appraisal adoption and appraisal modernization. How willing are appraisers to adopt desktop and hybrid appraisals?

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Cleveland Appraisal Blog

FEBRUARY 7, 2023

As a Home Measurement Specialist, this article is close to my heart! This week my regular guest blogger, Betty White from Moving Offices San Diego , offers some reasons why you should hire a professional to measure your home as well as to remodel it. One is putting your home on the market.

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