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Settling on a New Normal for Appraisals in 2022

Appraisal Buzz

There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. As the appraisal gap widened, the CoreLogic Price Index rose as well, reaching 15% in May of this year.

Appraisal 397
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Overcoming 2023’s biggest appraisal challenges

Housing Wire

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

Appraisal 384
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Gentrification, Neighborhood Boundaries, and Bias

Appraisal Buzz

This article was originally published on the Sacramento Appraisal Blog here. So as an appraiser I need to be careful about crossing boundaries when choosing comps because prices might be different on the other side of a street. Sometimes crossing the street can make all the difference for value. Let’s talk about that today.

Appraisal 195
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7 Home Security Tips for Spring & Summer

Cleveland Appraisal Blog

In addition, you can connect them to your security system to track their functionality and receive notifications in real-time in case something happens. Upgrade your security system. Upgrade your security system. Security systems are now so advanced that you can operate them from anywhere.

Appraisal 221
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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

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Appraisers: Be Careful with Your Words

Appraisal Today

Keeping Appraisers out of Language Purgatory Appraisers: Be Careful with Your Words! by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports.

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Once Upon a Time… A Housing Fairy Tale

Appraisal Buzz

This article was originally published in the latest edition of the Fall 2022 Appraisal Buzz Magazine! As an appraiser, I had to look at what I had spent a lifetime doing: “Find market value.” buyer and seller are avariciously motivated; biased. To receive this subscription directly, click here. They all liked value.