Remove Inventory Remove Loan Officers Remove Real Estate Agent Remove Reconsideration of Value
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing.