Appraisal Today

NOVEMBER 1, 2024

By increasing the maximum allowable loan-to-value (LTV) ratio for full appraisal waivers from 80% to 90%, and for inspection-based appraisal waivers from 80% to 97%, the FHFA is taking a risky and potentially irresponsible step that could have far-reaching consequences. The Wall Street Down graphic above is for the 2008 crash.

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Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

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Lamacchia Realty

JUNE 10, 2022

The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario. The book of mortgages that have been written in the last 10 years are the strongest book of mortgages in any single decade ever and the opposite was the case leading up to 2008.

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Appraisal Today

OCTOBER 20, 2023

The inspection was uneventful. I was given a lockbox combination and inspected the vacant home. million 3 bedrooms, 2 baths, 2,281 sq.ft, built in 2008, 21.23 The lender may also contact the In-Plant Primary Inspection Agency or the manufacturer for the HUD Data Plate information. This approximately 900sf, 1.5

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. No inspections or appraisals? Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. USPAP and the Contract.

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Appraisal Today

SEPTEMBER 30, 2022

As it turns out, both the appraiser and the home inspector had each independently inspected the home 18 months prior and both mistakenly reported a few of the smoke alarms present at the home, as CO detectors. I request any reports, such as termite or home inspection, even old reports, but rarely get them. I never use the terms.

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Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. This is the future of GSE using appraisers. percent from 6.50

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Appraisal Today

SEPTEMBER 13, 2024

My advice: Always check what plan and updates were actually built when doing final inspection. 77 acre lot, built in 2008 Willow Creek Estate, known as the Wellington of the West, seamlessly blends the tranquility of the countryside with the vibrant allure of coastal living. baths, 15,000 sq. percent from 6.43 percent from 6.73

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Construction Appraisal Contracts Mortgage 71

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Doing a national appraisal conference during the 2008 crash was risky but very much needed by appraisers. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57

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Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” They always come in at exactly the contract price.

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Housing Wire

MARCH 7, 2022

between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. million in NFTs were swiped by thieves who tricked OpenSea users into signing contracts allowing NFTs to be transferred without payment. Propy said it is not against the home inspection process.

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Appraisal Today

SEPTEMBER 23, 2022

” “Inspections in a rural area put me on the road up to 200 miles in one day. percent – the highest since October 2008,” said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting. “As The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.85

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Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. This is definitely not a repeat of 2008. ==. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 6.90 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.27

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Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Overall, right now properties are still actively going under contract. However, while this is technically true, it is not accurate.

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Will Springer Realtor

MAY 9, 2022

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. the highest percentage since Q3 of 2008. UPDATE: This home is now under contract, pending inspection. So, let’s take that question off the table for now. bath , 6920 sq.

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Will Springer Realtor

MAY 13, 2024

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. About three-quarters of the 459 residences are under contract with a target opening late this year. Another two homes are under contract and should be in the sold column in a matter of days. >> In total, 308.9K List price: $3.39M ($864/sq.

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Assurance Financial

NOVEMBER 9, 2021

A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008. That’s why it’s beneficial to hire someone to conduct a pre-inspection of the house so you can pinpoint and fix any problems before listing the property. Downloadable Guides. First-Time Homebuyer Guide.

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Appraisal Today

MAY 24, 2024

22 acre lot, built in 2008 Known as El Palacio Del Solano, the 22-acre property in Somis, CA, boasts a main residence, two-bedroom guesthouse, and an event space designed for grand-scale entertaining. Built in 2008, the luxury estate last traded hands in 2021 for $6,250,000. baths, 19,660 sq.ft., ® this week. percent from 7.08

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Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. It’s not just about how to protect the client with MLS disclosures and contingencies in the contract.

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Appraisal Today

JULY 15, 2022

Is A Cubicasa Scan an Inspection? Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection. We just need to disclose what we did or did not do when it comes to a property inspection. My comments : Good discussion on what is an inspection and who can do it.

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Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Properties are still going under contract. The Houston Properties Team ran a study of past shocks (Hurricane Harvey, 2008 Crash, 2015 Oil Crash) and how it reshaped the market.

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Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.

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Appraisal Buzz

JUNE 3, 2024

Since 2008, HUD has issued new HUD-VASH vouchers every year. Additionally, VA and HUD partnered to permanently house more than 46,000 homeless veterans in 2023, surpassing the calendar year goal by 22.5%. Currently, there are more than 113,000 HUD-VASH vouchers being administered by 750-plus PHAs.

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Appraisal Today

NOVEMBER 29, 2024

Few listened to appraisers speaking out about fraud before the 2008 crash. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.86 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.61 percent from 6.90

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