Is Market Value Itself Biased?

George Dell

Could the very definition of market value hold bias? The post Is Market Value Itself Biased? Appraiser Bias Series Critical Thinking Market Value market valueLet’s look. First, we need to figure out what types of bias there might be.

Diving into Market Value in 2022

Appraisal Buzz

In today’s Buzzcast, we dive into market value and how appraisers are moving forward in the new year. We’ll be getting the inside scoop while they discuss market value and this upcoming year in the industry. How has this pandemic shaped the market value?

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Is Market Value Obvious?

George Dell

We compared price versus value in Part I. There, the leading paragraph defines “market value” as per USPAP Advisory Opinion 22.) The post Is Market Value Obvious? Market Price Or Market Value Series Market Value Critical Thinking market value

Market Value Vs. Sales Price with Nikki Smith

Appraisal Buzz

In today’s Buzzcast, we dive into market value versus sales price and how today’s wild market should be something all appraisers need to be up-to-date on. They delve into a deep discussion regarding the two and how they impact where we are today in the market.

How Appraisers are Handling Market Value

Appraisal Buzz

In today’s Buzzcast, we dive into the hot button issue of how appraisers are handling this market. How has this new market been different than what is considered “normal?” The post How Appraisers are Handling Market Value appeared first on Appraisal Buzz.

Market Price or Market Value Or?

George Dell

Market value for home loans in the United States is precisely defined. The understanding of “market value” is the single most important concept defining what appraisers do. The post Market Price or Market Value Or?

What is the Market in ‘Market Value’?

George Dell

Everyone knows what’s a market — (or do they)? Market Value is the ultimate goal of appraisals, of AVMs, of evaluations, of BPOs, hybrids, exceptions, and all forms of opinions (everyone has one). So, market value must be based on “the market”!

Market Value: Who Says What It Is?

Appraisal Buzz

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. The post Market Value: Who Says What It Is?

Market Value Vs. Sales Price with Nikki Smith

Appraisal Buzz

In today’s Buzzcast, we dive into market value versus sales price and how today’s wild market should be something all appraisers need to be up-to-date on. They delve into a deep discussion regarding the two and how they impact where we are today in the market.

Real Estate Market Values Surge in the First Quarter

Eyes on Housing

Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data.

Real Estate Market Values Spike in the Second Quarter

Eyes on Housing

Financial Accounts of the United States, i.e., the “Flow of Funds”, show that in the second quarter of 2021 the aggregate market value of all owner-occupied real estate in the United States registered the largest quarterly increase in the last 21 years of data.

Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

It’s tax appeal season and I’ve had several homeowners say that they feel their neighbors are negatively impacting the value of their home for different reasons. Could being located next to a property that is an eye-sore cause a loss in market value to your home?

Can You Measure Market Velocity?

George Dell

“Appraisal is market analysis!” Freddie Mac Chief Appraiser Scott Reuter recently noted pervasive market analysis deficiencies in appraisal opinions. The post Can You Measure Market Velocity? Analytics CMS Competitive Market Segment Market Value market conditions market value

Choosing comps in a lopsided market

Sacramento Appraisal Blog

How do we choose comps in such a lopsided market? I had a great question about this recently, so I wanted to share some thoughts. Anything to add? I’d love to hear your take in the comments.

What is Market Conditions?

George Dell

The conditions of the market, in real estate, means the relationship between supply and demand. In such cases, forecasting may also be important where build-out and rent-up times affect value. The post What is Market Conditions?

Appraisal Value vs. Market Value: What is the Difference?

Mashvisor

Whether you’re selling or buying an investment property, its appraisal value vs. market value is something you’re bound to wonder about.

Market Conditions Analysis: Should GSEs Require It?

George Dell

Per FreddieMac (Scott Reuter, Chief Appraiser)[1] recently stated: “Appraisers need to spend time on developing a market conditions analysis in the appraisal. The post Market Conditions Analysis: Should GSEs Require It?

Who Needs Appraiser’s When One Has Cash?

Cleveland Appraisal Blog

I must admit, in the past year, there have been times when I have felt like many buyers don’t really care about value anymore. While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption.

ASC Blaming Appraisers

Appraiserblogs

The Appraisal Subcommittee, because they were directed to do so, has produced a report, which frankly and explicitly lays the blame for low market values of homes in ‘communities of color’ directly at the feet of independent appraisers involved with mortgage lending.

UT West Campus Condos Market Values

Texas Home Appraisal Blog

The area known as West Campus near University of Texas is a hot spot for condos sales and rentals due to the obvious transient nature of the market area. The post UT West Campus Condos Market Values appeared first on Austin Home Appraisal Team.

How Do Sales Concessions Affect Market Value?

Texas Home Appraisal Blog

Depending on the amount of the concession, and what is typical within the market area, they can have a drastic impact on the adjusted value. The post How Do Sales Concessions Affect Market Value?

The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

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The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

Hey friends! Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. In this blog post, we’re starting with the end. Well – not really the end, but one of the last parts of some appraisals – namely the final inspection.

Promoting Public Trust Part 11:  Competency 

Riverfront Appraisals

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New Suspicious Law in CA

Appraiserblogs

Appraisal Appraisal News Appraisers News Video appraisal news discrimination education market value Political Action webinar

Law 100

REDFIN How Dare You!

Appraiserblogs

The following Redfin article is exceptionally offensive to everyone in the real estate business and related sectors, who actually know what they are talking about, to people that are not racists, and who are offended at being falsely called racists directly or by inference.

4 Uncontrollable Factors that Can Affect Home Appraisals

Appraiserblogs

…some uncontrollable factors that come into play when determining the value of residential property… There are many factors that can affect the valuation of a residential property.

New Podcast! Owensboro Real Estate Update

Riverfront Appraisals

Have you ever wondered what’s going on in your neighborhood’s real estate market? This will be a weekly podcast bringing the latest news and information about our local real estate market directly to […].

Boston, Massachusetts Real Estate Market Analysis

Boston Appraisal

No one has a crystal ball, and there are countless factors that can affect property values. However, in this article we’ll summarize the most salient points that most economists are talking about, and discuss what we think might happen with the Boston real estate market.

When a parent, spouse or loved one dies – what do you need to know or do about the house?

San Jose Real Estate

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Flood/Storm Damage – FEMA, Building Permits, 50% of Structure’s Market Value?

CP Home Appraisals

This requirement is true IF the cost of repairs to their home is equal to or greater than 50% of the STRUCTURES market value prior to the storm. The basis of the structure’s market value will be taken from HCAD records but unfortunately these values are terribly inconsistent and generally inaccurate. Also take into account that many homeowners appeal their property taxes each year thus making their overall property value on tax records lower.

Appraising Green Buildings: Do Solar Panels Add Value to the Property?

Boston Appraisal

Although we can rejoice that the green building movement is becoming more mainstream, the question of whether or not this energy source and other green features add value to a property is still up in the air. Let’s explore how solar panels and other green features add value to real property.

How to set the right price for your home

REX Real Estate

Want to get the most money out of your house?

Magnusson Match Ups: Episode 1

Magnusson Group

Now that the world is partially reopening and pockets of renewed activity are bubbling up in the market, people are eager to expand their knowledge base of their tangibles with regard to acquiring insurance or passing along to its next appreciative owner.

The invasion of institutional investors in the housing market

Sacramento Appraisal Blog

A couple weeks ago a viral story came out about a fund called BlackRock who was reported to be buying everything in sight and paying 20-50% above market value. Market update on […].

Nearly Half of U.S. Mortgages Considered Equity-Rich

Appraisal Buzz

were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their homes estimated market values. ATTOM released its Q1 of 2022 U.S. Home Equity & Underwater Report, showing that 44.9% of mortgaged residential properties throughout the U.S.

Underwater Percentages Increase in More Than Half of U.S.

Appraisal Buzz

were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their homes estimated market values. ATTOM released its Q1 of 2022 U.S. Home Equity & Underwater Report, showing that 44.9% of mortgaged residential properties throughout the U.S.

ATTOM: Nearly 45 Percent of Mortgaged Properties Were Equity-Rich in Q1 2022

Appraisal Buzz

of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50% of their homes estimated market values. The Q1 2022 U.S. Home Equity & Underwater Report from ATTOM shows that 44.9%

The American Dream and Bias in Loans?

George Dell

So how might loan conditions affect “market value”? Is there bias in the American Dream? Do we need a “loan conditions” adjustment? Read Part 2 here. Loan conditions have nothing to do with ‘financing’ adjustments as we know them! One is local. The other is global.

Homebuyers Benefit for Closing in October

Appraisal Buzz

A new study has concluded that buyers who are willing to close in the month of October avoid prices well above market value. The post Homebuyers Benefit for Closing in October appeared first on DSNews. The post Homebuyers Benefit for Closing in October appeared first on Appraisal Buzz. Around The Web