Housing Wire

AUGUST 30, 2022

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. Some studies suggest the number of active appraisers is steadily declining by an average of 2.6%

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Tools Lending Valuation Technology 435

Appraisal Buzz

DECEMBER 9, 2024

The goal is to make sure every adjustment is defensible, based on empirical evidence, and can withstand scrutiny from all stakeholders involved in the appraisal process. Below is a detailed explanation of each technique to ensure the adjustments are well-supported and align with market trends.

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Appraisal Marketing Valuation Tools 358

Housing Wire

MAY 23, 2023

Now, anyone can idly browse real estate listings and find out what homes have sold for and what inventory is available. Consumers can even look at comps for their own home and are quite accurate in estimating what their home is worth when they’re going to either purchase or to refinance,” Svedberg said.

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Technology Appraisal Lending Valuation 397

Housing Wire

OCTOBER 5, 2022

housing market has faced periods of high interest rates, home price appreciation and lack of inventory before. FHFA Director Sandra Thompson. But these forces all happening at once makes the current landscape especially volatile and challenging, according to Sandra Thompson, the Director of the Federal Housing Finance Agency. “If

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Appraisal Tenants Appraisal Process Mortgage 370

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

If an agent includes the square footage of a finished basement in what they report as finished above-ground square footage, this can have a negative impact on the appraisal process. Take finished square footage for instance.

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Agents Appraisal Renovations Development 378

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Studio inventory is up 21% percent.

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Marketing Real Estate Appraisal Sellers 221

Cleveland Appraisal Blog

JANUARY 7, 2021

CONSIDERING LAND IN THE APPRAISAL PROCESS. When appraising a property, we must analyze what the highest and best use of the land is. In it, I provide short episodes that provide you with stats on median sales prices, marketing times, housing inventory and other related stats, on specific neighborhoods in Northeast Ohio.

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Appraisal Inspection Legal Real Estate 347

Cleveland Appraisal Blog

JUNE 25, 2021

During the Great Recession, home prices were falling rapidly due to an over-supply of inventory, which was out of the control of individual homeowners. This information is incredibly valuable to the appraiser in the appraisal process for many things. Another example may be an economic situation. Maybe yes, maybe no.

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Market Value Appraisal Marketing Buyers 244

McKissock

DECEMBER 10, 2021

Plus, what will it take to modernize the appraisal process? Read on for this week’s appraisal news and insights. Opinion: The path to modernizing the appraisal process. Realtor.com forecasts a mixed bag of opportunities for homebuyers in the coming year. The 10 top housing markets of 2022.

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Housing Market Appraisal Marketing Appraisal Process 79

Birmingham Appraisal

JULY 27, 2022

Months of Inventory/Active Listings – The months of inventory is on the rise. Housing inventory has continued to dwindle over the past several years because the market was flooded with buyers who wanted to take advantage of low-interest rates. Positive Signs For Buyers.

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Buyers Inventory Sellers Appraisal 96

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

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Real Estate Agent Real Estate Agents Reconsideration of Value 87

Valuation Nation

OCTOBER 16, 2022

Even with the higher rates the shortage of inventory has not allowed prices to start tapering down, yet. As an appraiser, it is super important to understand how to gather and analyze relative data. Inventory levels. REO and Short Sale Inventory. Let us take a gander at inventory. Actual days on market (DOM).

Real Estate 116

Real Estate Appraisal Marketing Inventory 116

Birmingham Appraisal

MARCH 26, 2024

Prices have held steady and even increased in some areas due to limited inventory. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process.

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Construction Appraisal Process Appraisal Bracketing 88

Cleveland Appraisal Blog

MARCH 4, 2021

We also develop the effective ages of comparable sales to derive a range of effective ages, which can help to further support our estimate of the effective age of the property we are appraising. When we do adjust for physical age, there are several ways of supporting this type of adjustment.

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Appraisal Real Estate Real Estate Agent Loan Conditions 224

DataMaster

JANUARY 15, 2021

Without a sea change from the government and the construction industry itself, inventory will remain below needed levels. The possibility of an increase in foreclosure appraisals looms for 2021. Along with the low interest rates, low inventory, and Covid vaccine, this adds security to the appraisal load.

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Appraisal Construction Business Real Estate 147

Birmingham Appraisal

MARCH 26, 2024

Prices have held steady and even increased in some areas due to limited inventory. This decline in the number of houses sold in some areas has made it difficult to do appraisals because of the lack of comps. Appraisal Process To answer this it’s important to understand the appraisal process.

Construction 80

Construction Appraisal Appraisal Process Bracketing 80

Appraisal Today

DECEMBER 6, 2024

Mortgage rates are playing an unpredictable game of limbo, builders are cautiously optimistic yet slowing down, and inventory shortages are keeping buyers on edge. For appraisers, the challenge isnt just interpreting the numbersits navigating the emotions, expectations, and economic ripples that come with them.

Appraisal 87

Appraisal Marketing Real Estate Buyers 87

McKissock

MARCH 3, 2023

Related CE course: Best Practices for Bifurcated and Hybrid Appraisals Housing market rebound halted by rising rates HouseCanary’s new Market Pulse report released on Wednesday indicates that early signs of a potential housing market rebound in January “retreated in February on the heels of additional rate hikes.”

Valuation 82

Valuation Appraisal Marketing Housing Market 82

McKissock

DECEMBER 28, 2021

The unprecedented buyer demand of 2021 will likely be suppressed to some extent due to affordability concerns in some markets, and more housing inventory will most likely be available from both the existing homes and new construction segments.”. “Mortgage rates are expected to rise, but still remain attractive and reasonable.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Kairos Appraisal Services

DECEMBER 16, 2021

Because of a lack of inventory, many homeowners opted to stay put in their homes and create their dream home in their current home. There’s no doubt that 2021 was a hot real estate market, but there was another hot market this year, and that was the renovation market.

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Renovations Inventory Real Estate Marketing 52

McKissock

MARCH 3, 2023

Related CE course: Best Practices for Bifurcated and Hybrid Appraisals Housing market rebound halted by rising rates HouseCanary’s new Market Pulse report released on Wednesday indicates that early signs of a potential housing market rebound in January “retreated in February on the heels of additional rate hikes.”

Valuation 52

Valuation Appraisal Marketing Housing Market 52

McKissock

MARCH 3, 2023

Related CE course: Best Practices for Bifurcated and Hybrid Appraisals Housing market rebound halted by rising rates HouseCanary’s new Market Pulse report released on Wednesday indicates that early signs of a potential housing market rebound in January “retreated in February on the heels of additional rate hikes.”

Valuation 52

Valuation Appraisal Marketing Real Estate 52

The Robert Weiler Company

APRIL 20, 2021

As such, our experts at The Robert Weiler Company have put together this business valuation ‘questions and answers’ overview to offer more clarity behind the business appraisal process. Tangible assets are physical items that have value if they were sold. Assets included in this category are items such as: Land. Securities and cash.

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Valuation Business Buyers Market Value 147

Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. However, these restrictions may also limit modifications, potentially affecting the property’s market appeal.

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Appraisal Contracts Training Architecture 95

Chicagoland Appraisal Blog

MARCH 21, 2022

I was like this is what I prefer to be doing because when you do work on the private side, you’re able to communicate more with the end-customer, oftentimes a homeowner versus on the mortgage side, due to the bureaucracy of the appraisal process, you can only communicate with them to a certain degree.

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Appraisal Tenants Real Estate Property Taxes 148

Appraisal Today

FEBRUARY 28, 2025

The Appraisal Process: Valuing a Hobbit Hole Like Bag End The valuation process of Bag End takes some extraordinary assumptions, if we are to appraise the home as a residential property. Increasing for-sale inventory in some markets has provided prospective buyers more options as we approach the spring homebuying season.

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Appraisal Real Estate Contracts Training 59

Birmingham Appraisal

SEPTEMBER 3, 2024

Additionally, if a home is priced too high for the current market conditions, it may not appraise for the contract price , causing issues with financing and potentially derailing the sale. Overestimating or underestimating the size of a home directly impacts its market value and can cause issues during the appraisal process.

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Appraisal Sellers Real Estate Market Value 52

Appraisal Today

OCTOBER 11, 2024

Heaslet is a retired Marine Corps veteran and a second-generation appraiser who began his valuation career as a trainee at his father’s office in 2007. However, appraisers follow established industry practices, and these are monitored by the state agencies that license appraisers. When might we expect a decision on those?

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Appraisal Insurance Contracts Valuation 91

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. Here are a few of the many survey results. percent of total applications from 29.1

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Appraisal Training Inspection Real Estate 97

Appraisal Today

JUNE 21, 2024

MORE INVENTORY IS CHANGING THE VIBE: We are no longer at pandemic lows. Exposing Predatory AMCs Excerpts: Appraisal Institute CEO Cindy Chance’s recent comments about the concerning practices of some appraisal management companies (AMCs) have struck a chord with many in the real estate valuation industry.

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Appraisal Architecture Contracts Design 86

Appraisal Today

AUGUST 23, 2024

The new book explores all aspects of homeownership, value, and economics and details all the appraisal process steps. Each chapter includes examples illustrating common scenarios encountered in appraisal practice and presents definitions of key terms to help the reader understand the important concepts presented.

Appraisal 84

Appraisal Contracts Investors Property Appraisal 84

Appraisal Today

MAY 17, 2024

Geographic “Data” Competency refers to an appraiser’s ability to effectively understand, interpret, and utilize geographic data in the appraisal process. In the context of real estate appraisers, it is essential for accurately valuing properties and providing credible appraisal reports. percent the previous week.

Tools 79

Tools Appraisal Renovations Design 79

Appraisal Today

JULY 5, 2024

The First Leg: What Can A Residential Appraiser Offer a Prospective Supervisor? The residential appraiser already has the knowledge and practical application of the fundamental appraisal process and practical experience valuing real property. The refinance share of mortgage activity increased to 35.7

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HOA Appraisal Real Estate Contracts 81

Appraisal Today

SEPTEMBER 29, 2023

How to Identify a Single-Family with ADU vs. Two-Family Property By McKissock Excerpts: The presence of an additional living unit can complicate the appraisal process. It may make it difficult for you, the appraiser, to know how to classify the subject property.

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Insurance Appraisal Contracts Mortgage 94

Listing Spark

JULY 24, 2023

However, for most markets across Texas, inventory remains extremely low. In the first quarter of 2023, inventory was still at 2.7 You can gain deep insight into changing prices and inventory levels, upcoming developments that will affect property values, and more. months —much better than a previous trough of 1.1

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Real Estate Investors Tenants Property Management 36

Housing Wire

DECEMBER 8, 2023

Find them the right home Inventory is scarce, and will likely stay that way for a while. There are other ways to find inventory rather than just using your MLS. There are other ways to find inventory rather than just using your MLS. To do that, you need to use more than just Realtor.com , Homes.com and Zillow.

Real Estate 459

Real Estate Clients Inspection Buyers 459

Housing Wire

OCTOBER 2, 2024

Find your buyer the right home Inventory is scarce, and will likely stay that way for a while. Online and offline resources are at your fingertips as a real estate professional, giving you more ways to find inventory outside of your MLS. To do that, you need to use more than just Realtor.com , Homes.com and Zillow.

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Real Estate Agent Real Estate Clients Inspection 459