article thumbnail

Freddie Mac’s updates to the ACE + PDR valuation option

Housing Wire

In the current market , where volume has decreased, this is less of a concern. In markets with higher volume, such as 2020-2021, it can be difficult for appraisers to keep up with demand — which slows loan processing times and drives up costs for borrowers. Over the past decade, the number of active appraisers has remained static.

Valuation 302
article thumbnail

Adjusting to the New Real Estate Market

Appraisal Buzz

In this week’s episode, host Hal Humphreys talks with Kevin Hecht, Appraisal Training and Development Manager and Real Estate Economist for McKissock. It seems like the market is starting to pick up for the spring across the nation, but we haven’t seen any significant interest rate changes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Buzz : Why do AMCs need the training?

Training 366
article thumbnail

A Seller’s Market: What Does It Mean for Appraisers?

Appraisal Buzz

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following.

Appraisal 370
article thumbnail

Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

Doesn’t the idea of the free markets dictate that the best answers often lie in the private markets finding a solution? In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation?

article thumbnail

A Log Home Valuation

Appraisal Buzz

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? Many appraisers in urban areas like Chicago believe that the log home market is irrelevant and is not worth exploring. However, statistics do not support this logic.

Valuation 396
article thumbnail

Race and the Property Valuation Industry

Appraisal Buzz

The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. My Journey.

Valuation 370