article thumbnail

Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket.

HOA 370
article thumbnail

Non-Arms Length Sales for Appraisers

Appraisal Today

The One-Mile Rule: Prudent Policy or Modern Day Redlining? Moreover, the increasing correlation between home values and neighborhood racial composition highlights how technological tools, intended to streamline processes and improve accuracy, can inadvertently exacerbate discriminatory practices. By Dallas T.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

Using home valuations and area median household income data, the report notes the average time required across the U.S. With a median household income of $106K and a typical home value of $703,600, Seattleites can expect to spend a “baker’s dozen” years to reach the 10% down payment threshold. Tickets Tour Modern Homes, Sept.

Buyers 36
article thumbnail

GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 305