Appraiserblogs

AUGUST 8, 2023

Related Posts: Diversity, Equity and Inclusion Is Overlooked by HUD… Marcia Fudge, the Secretary of HUD, decided to convene a special meeting of master minds with absolutely no real diversity,… HUD ROV Process to Address 'Appraisal Bias' At a recent event at the Brookings Institute, HUD Secretary Marcia L. Please read it. Meanwhile, Ms.

Appraisal Process 108

Appraisal Process Home Value Appraisal Development 108

Appraiserblogs

FEBRUARY 28, 2023

Related Posts: The Real Cause of the Home Value Gap Is the Income Gap Blaming appraisers for the income gap will never solve the real underlying problem. The problem? Freddie never called the appraisals “low.” By design, his paper was strewn with nonsense.

Home Value 112

Home Value Appraisal Design Government 112

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? That compares to a record $4.4

Inventory 452

Inventory Renovations Real Estate Government 452

Appraiserblogs

MARCH 30, 2022

This is an analysis of Freddie Mac’s misleading and basically defamatory paper on Appraisal Gap. When government related entities release misleading information like this they are attacking and defaming real estate appraisers. The hate real estate appraisers have received because of this paper and Andre Perry’s paper is relentless.

Appraisal 128

Appraisal Real Estate Agent Real Estate Government 128

Housing Wire

JANUARY 20, 2021

rushes to inoculate the current global health crisis, the real estate and mortgage finance industries are facing their second wave of significant industry headwinds in little over a decade. We simply cannot overlook the reality that there are not enough homes in the United States to house every American. As the U.S. consumer spending.

Renovations 402

Renovations Law Development Real Estate 402

DW Slater Company

FEBRUARY 23, 2023

It’s hard to believe that it has been 2 years since we experienced the great Texas Winter Storm when the Texas power grid failed and we went several days without power in our Texas homes that are not built to keep heat. Closely studying our markets is very crucial in understanding current market value for appraisers.

Inventory 128

Inventory Marketing Supply Chain Appraisal 128

Appraiserblogs

FEBRUARY 13, 2023

Blaming appraisers for the income gap will never solve the real underlying problem… Blaming appraisers for the income gap is as ridiculous as blaming appraisers for gun violence and gas prices. I’ve been a real estate appraiser in Los Angeles, California for 40 years. This letter is my comment.

Home Value 149

Home Value Appraisal Government Real Estate 149

Cornerstone

OCTOBER 26, 2021

It’s a basic law of economics: Low supply plus high demand automatically causes a price increase. This is precisely what we’re seeing in today’s real estate market. Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

DataMaster

JUNE 16, 2021

It’s no secret that the demand for single-family homes in the United States is greater than the supply. Not only are fewer people selling their homes, but fewer homes are also being built! From 1993 to 2007, over one million homes were completed per year, ranging from just 1,039,400 to over 1,654,500. Introduction.

Construction 174

Construction Law Landlords Development 174

Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. By McKissock Excerpts: How do we measure ourselves? What is the mark of an appraiser who is at the top of his or her “game”? Is it the letters behind the name (MAI, SRA, etc.)?

Appraisal 52

Appraisal Architecture Valuation Business 52

Raleigh Realty

AUGUST 11, 2021

Add in potentially buying a home as a single parent to that list, it may feel like it's too much to bear. For some of us, owning a home might seem like it is impossible without two incomes for financing purposes. You might even worry that your change in income will affect your ability to be approved for a home loan.

Real Estate Agent 137

Real Estate Agent Property Taxes Finance Real Estate 137

Raleigh Realty

JULY 12, 2022

In fact, it’s estimated that owner-occupied real estate accounts for over a quarter of American households’ net worth. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Empire Appraisal Group

NOVEMBER 11, 2021

It means a neighborhood is changing from low-income to trendy. It’s good for early buyers, but it’s bad for lower-income owners who can no longer afford to live there. Then, after decades of disinvestment, low property values prompt new investment by cities and developers because of affordability and higher demand.

Business 78

Business Renovations Development Investing 78

DataMaster

JUNE 16, 2021

Introduction It’s no secret that the demand for single-family homes in the United States is greater than the supply. Not only are fewer people selling their homes, but fewer homes are also being built! From 1993 to 2007, over one million homes were completed per year, ranging from just 1,039,400 to over 1,654,500.

Construction 78

Construction Law Landlords Development 78

DataMaster

JUNE 16, 2021

It’s no secret that the demand for single-family homes in the United States is greater than the supply. Not only are fewer people selling their homes, but fewer homes are also being built! From 1993 to 2007, over one million homes were completed per year, ranging from just 1,039,400 to over 1,654,500. Introduction.

Construction 78

Construction Law Landlords Development 78

Will Springer Realtor

OCTOBER 11, 2022

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( If interest to finance a home is roughly twice the Fed funds rate of today, does that mean mortgage rates could hit double digits? How long can this go on?

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Housing Wire

APRIL 25, 2022

The reason behind the change, he said, is not that they had a sudden reduction in income, or an emergency expense that drained their savings. The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. “Now they’ve gone from $450,000 down to $325,000.”.

Property Taxes 407

Property Taxes Government Appraisal Valuation 407

Appraisal Today

OCTOBER 7, 2022

Eleven percent cite evaluations (non-appraisal opinions of value). If it had a market value of $345k, it would have listed at $345k!”. Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. While agents can “puff” we cannot!

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

Will Springer Realtor

MARCH 14, 2022

This is in no way an effort to downplay the unfolding tragedy or appear tone deaf, but it is a fair question: Will residents in our region face economic challenges so severe that it will affect the real estate market? Most home buyers focus on the direction of interest rates. The answer is “very likely, yes.”.

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JULY 8, 2022

Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. for 30-year conventional financing. for 30-year conventional financing.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

OCTOBER 8, 2021

Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. They wonder if they missed their opportunity to buy before interest rates rise along with home values. That answer is a resounding “no” – at least for now. And that answer appears to be “yes.”

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. a market with high-income homebuyers that has experienced soaring home prices since 2020.

Insurance 316

Insurance Mortgage Clients Lending 316

Appraisal Today

DECEMBER 9, 2022

By Clear Capital November 14, 2022. Excerpts: To cut down on appraisal revision requests, it is important to keep these best practices in mind: Communicate in a timely manner. Address the request thoroughly and professionally. Add additional commentary where appropriate. Ask questions. Explain ‘How’, not ‘Why’ in the appraisal report.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

FEBRUARY 18, 2021

The election of President Joe Biden could soon change the course of people’s home shopping plans. From the proposed $15,000 tax credit to Biden’s promise to bridge the race gap in home appraisal, here’s how this presidency will impact you: . More for Real Estate Enthusiasts. Bringing back the AFHA rule.

Housing Market 407

Housing Market Marketing Renovations Legal 407

Housing Wire

MAY 17, 2022

Julia is very strong willed, and she has strong values,” said Golding. Julia is very strong willed, and she has strong values,” said Golding. Julia Gordon made a habit of stopping by Ed Golding’s office when he ran the agency that she now leads. President Joe Biden clearly agreed. Fair housing organizations, including HUD Sec.

Insurance 312

Insurance Development Housing Market Mortgage 312