Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?

Modernization 408

Modernization Appraisal Valuation Investing 408

Housing Wire

APRIL 10, 2024

While the draft measure may be abandoned altogether, Bloomberg reported that in its current form it would apply to both home purchase and refinance transactions. We have real concerns about how this proposed framework would undermine the critical protections provided by title insurance.

Buyers 427

Buyers Insurance Mortgage Finance 427

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How is Class Valuation leveraging AI? SR: We’ve leveraged AI for years.

Appraisal 410

Appraisal Technology Modernization Real Estate Agent 410

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?

Housing Market 545

Housing Market Appraisal Appraisal Process Marketing 545

Housing Wire

DECEMBER 14, 2023

Mortgage industry trade group Community Home Lenders of America (CHLA) is urging government agencies to begin to have conversations surrounding the impact of the jury verdict and potential court ruling in the Sitzer/Burnett commission lawsuit on lending practices.

Lending 389

Lending Mortgage Government Finance 389

Housing Wire

MAY 1, 2024

It was there that the world learned how to host a fair and pack on pounds. An ice cream vendor who ran out of cups while working next to a waffle stand had a stroke of genius — he married warm waffles with cold ice cream — giving rise to the ice cream cone. A modern-day redlining that reverts homeownership to a wealthy -only privilege.

Realtors 371

Realtors Buyers Real Estate Modernization 371

Housing Wire

SEPTEMBER 16, 2022

House of Representatives this week passed a bill that streamlines the appraisal process for U.S. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether.

Modernization 488

Modernization Appraisal Appraisal Process Finance 488

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. So what can we do? GET A WEBSITE.

Business 393

Business Appraisal Real Estate Agent Clients 393

Housing Wire

FEBRUARY 1, 2024

Have you ever wondered how the Motor City, which was once a destination for financial upward mobility, could be so cavalierly called a “damn desert town”? Have you ever wondered how the Motor City, which was once a destination for financial upward mobility, could be so cavalierly called a “damn desert town”? Phenomenal fan base.

Real Estate 367

Real Estate Appraisal Insurance Training 367

Cleveland Appraisal Blog

MAY 9, 2024

The median sales price of single-family homes in Cuyahoga County is approx. It will be interesting to see how this pans out over the next couple of months with price reductions. The average days on the market for single-family homes was 21 last month, slightly longer than last year. 4% higher last month than a year ago.

Inventory 344

Inventory Appraisal Real Property Property Appraisal 344

Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

Appraisal 302

Appraisal Real Estate Agent Real Estate Agents 302

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. Not professional appraisers. And if it’s increasing or decreasing, would you like to know how fast?

Appraisal 354

Appraisal Market Value Legal Property Appraisal 354

Housing Wire

OCTOBER 4, 2023

HousingWire recently spoke to Chris McLain, division president of Valuations for Consolidated Analytics , about the current appraisals market, AI innovation in valuations and valuation products for HELOCs and second-lien mortgages. HousingWire: How is the market for appraisals changing in 2024? Then we did more of the same.

Valuation 346

Valuation Appraisal Process Appraisal Lending 346

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. Frankly, much of my work has been time-consuming for many reasons, including trying to measure different markets in this interesting time. Did I go dark? The answer is no.

Marketing 300

Marketing Real Estate Agent Real Estate Appraisal 300

Appraisal Buzz

JULY 13, 2021

There are many reasons why appraising green homes is recommended for residential real estate appraisers. Additionally, green home appraisers offer a unique skill set for which they can charge higher fees, and they get to do exciting, challenging work. Step 1: Become a certified.

Appraisal 370

Appraisal Real Estate 370

Housing Wire

DECEMBER 11, 2023

When affordability meets fair housing Recently, during a coaching session with an agent, that agent shared how a recent seller, Bob, sold his home of 20 years and made so much money on the sale that he was able to purchase a retirement home in Savannah, Georgia, and have plenty of money left over for a nice retirement nest egg.

Real Estate Agent 408

Real Estate Agent Real Estate Agents Lending 408

Appraisal Buzz

MAY 9, 2022

It is no secret that log homes do not appraise well. In the past, almost every major log home magazine has posted an article on the topic. The question is raised as to what is the real problem with log home valuation and what is the problem with appraisers working in the niche log home market?

Valuation 396

Valuation Legal Construction Appraisal 396

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. A lot has changed and it’s time to remove the stigma.

Mortgage 426

Mortgage Renovations Appraisal Process Finance 426

Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate?

Appraisal 365

Appraisal Development Finance Lending 365

Housing Wire

OCTOBER 16, 2020

The Appraisal Institute , American Society of Appraisers , American Society of Farm Managers and Rural Appraisers , and the Massachusetts Board of Real Estate Appraisers announced a concerted effort to combat unconscious bias and discrimination in a release on Friday.

Appraisal 500

Appraisal Training Appraisal Process Real Estate 500

Housing Wire

APRIL 8, 2021

When you’re trying to create a standout offer to buy a home, it’s important to consider the tools and tactics at a buyer’s disposal. According to industry experts, there is more to a home offer than just the price you are willing to pay. If they have a working relationship, they can usually get those things done pretty quickly.”.

Inspection 433

Inspection Sellers Buyers Tools 433

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

APPRAISAL REPORTS. Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised. Each section should contribute a little to the overall story of the value of the home being appraised. NEIGHBORHOOD.

Appraisal 342

Appraisal Development Market Value Clients 342

Appraisal Buzz

JANUARY 10, 2022

If you talk to a professional risk manager working in the home finance industry, they’ll tell you that risk is hiding everywhere. The truth is that the processes lenders put in place over the past decade are working really well. When it comes to the appraisal report, there are five primary risks lenders are working to mitigate.

Appraisal 374

Appraisal Real Estate Valuation Investors 374

Housing Wire

FEBRUARY 12, 2024

Where should mortgage rates be before I buy or refinance my home? How much home can I afford today? So how do you build that trust and credibility? And how can you confidently talk to clients and potential clients about their mortgage needs? When are interest rates going to come down? Do they have kids?

Mortgage 401

Mortgage Clients Business Marketing 401

Cleveland Appraisal Blog

AUGUST 25, 2022

How can you capitalize on your first investment property? I welcome back guest blogger and Author, Jessica Brody, who shares some tips with us on how to do so. Today, Cleveland Appraisal Blog shares a few tips for first-time investors. Decide on How to Proceed. Determine How Much You Can Afford.

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

JANUARY 10, 2022

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HW: How can lenders help homebuyers avoid closing delays?

Insurance 448

Insurance Inspection Clients Technology 448

Cleveland Appraisal Blog

MAY 18, 2023

The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low. However, being afraid to find another home to buy is a real concern! In April, we saw the lowest number of monthly single-family home sales in Cuyahoga County since 2015.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

The Appraiser Coach

FEBRUARY 6, 2024

In a Mastermind meeting with other (non-appraiser) business owners, I was reminded of how well so many principles that I share with you apply across different areas, whether it’s real estate or office work. There was a man by the name of Jack who was talking about how much he has to do. It is true across industries.

Law 195

Law Business Training Real Estate 195

Housing Wire

JULY 1, 2021

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. It’s no secret that home improvements can be a costly endeavor. Areas Ripe for Renovation.

Renovations 414

Renovations Appraisal Valuation Investing 414

Appraisal Buzz

MAY 24, 2021

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Here’s how to overcome any obstacles that may arise. The Cost Approach.

Appraisal 397

Appraisal Tenants Buyers Landlords 397

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. How do the solutions work? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. Why do we need them?

Modernization 329

Modernization Appraisal Inspection Valuation 329

Cleveland Appraisal Blog

MAY 27, 2021

Who needs an appraiser when one has cash? That’s a question a good friend asked me after telling me that a home on the same street from them sold, in hours, for a much higher price than many other generally similar homes are selling for in the neighborhood. However, anyone can hire an appraiser to appraise a home.

Market Value 418

Market Value Appraisal Buyers Marketing 418

Cleveland Appraisal Blog

OCTOBER 27, 2022

Are you anticipating having your home appraised? How can you prepare for the inspection? 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.

Appraisal 384

Appraisal Inspection Buyers Advertising 384

The Appraiser Coach

DECEMBER 5, 2023

I had gone over to do an inspection for him, and we got to talking about how he had had another guy come through earlier to do an appraisal of his home. To make a long story short, this man felt like the first appraisal had come in lower than it should have. Real-estate agents, homeowners, appraisers – we’re all human.

Real Estate Agent 150

Real Estate Agent Inspection Appraisal Appraisal Process 150

Cleveland Appraisal Blog

DECEMBER 24, 2022

Are you planning on renovating your home? What to Expect When Undertaking These 4 Common Home Renovation Projects. When home improvement gives way to major renovations, the implications can be more impactful than you might realize. Read on for some pointers from Cleveland Appraisal Blog. Home Office Addition.

Renovations 303

Renovations Appraisal Home Improvement Buyers 303

Cleveland Appraisal Blog

JANUARY 12, 2023

Employment, the cost of the move, buying a home, and many other things. When many people think about how to start a company, one of the best pieces of advice is to create a business plan. To learn more about writing a business plan, review this ZenBusiness guide on how to start a company. Other Ways to Find Work.

Appraisal 304

Appraisal Business Investing Housing Market 304

Housing Wire

DECEMBER 8, 2023

How do you articulate the value you bring when representing a homebuyer in a real estate transaction? You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? Top 10 ways to get homebuyers to work with you 1.

Clients 384

Clients Real Estate Inspection Buyers 384