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Why didn’t the appraiser add the square footage of the ADU to the main house? The idea is the accessory dwelling in the backyard should be lumped into the total square footage, and since it wasn’t, maybe the appraiser undervalued the property. first appeared on Sacramento AppraisalBlog.
UPCOMING […] The post Stop expecting lightning speed in real estate first appeared on Sacramento AppraisalBlog. I wonder if we’ve forgotten what the market used to feel like before 2020. Let’s talk about it.
To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. 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.
Today my blog turns 15 years old. And blog years are sort of like dog years, so my blog is basically super old and wearing Depends now. And I know it sounds cheesy, but the best thing to […] The post Things I’ve learned after 15 years of blogging first appeared on Sacramento AppraisalBlog.
UPCOMING SPEAKING GIGS: 12/5/24 Made 4 More Team (Exporting Data from MLS) 12/11/24 Gateway: Think Like an […] The post Condos are having a moment first appeared on Sacramento AppraisalBlog.
UPCOMING SPEAKING GIGS: 11/20/24 Delia Real […] The post Modest price growth & the Governor’s outlier properties first appeared on Sacramento AppraisalBlog. Also, I think modest price growth is a really good way to describe the market.
UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel Event (free online (register Eventbrite)) 1/16/25 Sac Real Producers event (details TBA) 1/22/25 Windermere El Dorado […] The post Real estate trends to watch in 2025 first appeared on Sacramento AppraisalBlog.
UPCOMING SPEAKING GIGS: 11/7/2024 Think Like an Appraiser (3 hours) TBA 11/19/24 Downtown […] The post Flat prices & the insurance mess first appeared on Sacramento AppraisalBlog. Let’s talk about that today as well as dig into insurance. I have some encouragement to share too about mindset.
UPCOMING SPEAKING GIGS: 11/19/24 Downtown Regional MLS Meeting Q&A 9am 11/20/24 […] The post The housing market after a presidential election first appeared on Sacramento AppraisalBlog.
UPCOMING SPEAKING GIGS: 3/20/25 HomeSmart iCare Realty 4/2/25 SAFE Credit Union (RSVP here) 4/10/25 Yuba-Sutter Association […] The post Short sales are BACK (sort of) first appeared on Sacramento AppraisalBlog.
This is my last blog post of 2024. Thanks for being […] The post Three things to expect in the housing market in January first appeared on Sacramento AppraisalBlog. Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets.
I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? In other words, do appraisal gap clauses cause appraisers to be more “conservative”? An appraisal gap clause can be written into a contract. Okay, maybe not.
This post is designed to skim quickly or digest slowly. […] The post A tame housing market & condo issues first appeared on Sacramento AppraisalBlog. Historically, the housing market really picks up in March, so let’s talk about that (and touch base on condos).
Also, let’s look at some spicy issues to keep an eye […] The post The R word in real estate first appeared on Sacramento AppraisalBlog. I have some new visuals to help us talk through this.
Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Mortgage lending work is only one type of business where appraisals are needed.
How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? The post How are appraisers handling concessions? first appeared on Sacramento AppraisalBlog | Real Estate Appraiser.
It’s been a heated week of conversation in light of the NAR lawsuit, and one part that feels misunderstood or even controversial is how appraisers might handle concessions ahead. first appeared on Sacramento AppraisalBlog. first appeared on Sacramento AppraisalBlog. Let’s talk about it. Any thoughts?
UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel free Zoom event (REGISTER FOR WEDNESDAY) 1/16/25 Sac Real Producers […] The post The 2024 housing market was better than 2023 first appeared on Sacramento AppraisalBlog.
OVER FOUR THOUSAND BLESSINGS TO COUNT This year we’ve seen 3,346 more new listings […] The post Making Thanksgiving dinner awkward with housing conversations first appeared on Sacramento AppraisalBlog.
A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. The FHFA based its analysis on single-family housing data from the Uniform Appraisal Dataset (UAD), collected by Fannie Mae and Freddie Mac.
first appeared on Sacramento AppraisalBlog. Scroll quickly by topic or digest slowly. Any thoughts? UPCOMING SPEAKING GIGS: 1/31/25 Prime Real Estate […] The post The housing market is warm. Not blazing hot.
I’d love to hear your take […] The post The struggle of pulling comps in 2025 first appeared on Sacramento AppraisalBlog. Lately, I’ve been getting a ton of questions about this, so I wanted to share some things I’m doing on my end. Skim by topic or digest slowly.
first appeared on Sacramento AppraisalBlog. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE […] The post Which neighborhoods are doing better than others?
Are you anticipating having your home appraised? While she is not an appraiser, I am, and I agree that these things can help! When selling or refinancing a house, an appraisal is typically necessary. When selling or refinancing a house, an appraisal is typically necessary. How can you prepare for the inspection?
Let’s talk […] The post Why Im calling the housing market flat first appeared on Sacramento AppraisalBlog. And it’s not just me because the overwhelming feedback from real estate agents and homeowners is that prices have really leveled off. What words are you using to describe the market right now?
APPRAISAL REPORTS. Have you ever read a real estate appraisal report? Each section should contribute a little to the overall story of the value of the home being appraised. However, enough information should be shared to help the reader begin to develop an idea of how the property being appraised fits into the overall market.
In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.
The Federal Housing Finance Agency’s (FHFA) recent push to expand the use of appraisal waivers represents a concerning and potentially disastrous gambit that threatens to undermine the integrity of the housing market and the broader economy as a whole.
Let’s talk about what this means as well as what’s going on in appraisal reports. […]. What are appraisers saying? first appeared on Sacramento AppraisalBlog | Real Estate Appraiser. That’s what is happening right now locally and in some other portions of the country.
UPCOMING (PUBLIC) SPEAKING GIGS: 12/08/23 Free Q&A event for appraisers only (on private work) […] The post This one company owns 9,000+ homes in California (interactive map) first appeared on Sacramento AppraisalBlog. Today, I want to debut an interactive map I made to show where these homes are located.
In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. An appraiser may miss that sale through no fault of their own.
The full report is available on Thumbtack’s blog. The post Home-Care Costs Continue to Climb appeared first on Appraisal Buzz. “Our data suggests homeowners should remain vigilant and prepared for fluctuating expenses.” The post Home-Care Costs Continue to Climb first appeared on The MortgagePoint.
With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Not professional appraisers. Appraisers will provide market trends for the properties that compete with the property being appraised.
She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee paid by the borrower, which prompted her to stop working with AMCs because of the lack of transparency. The appraisal industry is abuzz with a discussion about appraisal fees. The CFPB framed it as.
The post Saying goodbye to pandemic home price gains first appeared on Sacramento AppraisalBlog | Real Estate Appraiser. Today I want to talk about price trends, and I hope this is helpful – whether you’re local or not. Skim quickly or digest slowly. […].
The Department of Housing and Urban Development ’s long-awaited action plan on appraisal bias outlines administrative actions the federal government will quickly take to address mis-valuations. But the report fails to offer a clear plan to release appraisal data from the government sponsored enterprises.
I’ve been getting a TON of questions every week about what Zillow is doing and whether appraisers can use their purchases as comps. Let’s talk about Zillow. Big news: First off, yesterday news broke that Zillow would be suspending buying anything else until 2022.
Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. Analysis was conducted on appraisals for the purchase of a single family one-unit home.
Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!
I promise this won’t become an insurance crisis blog, but today I have some brand new stats to share for Sacramento and the Bay Area. UPCOMING SPEAKING […] The post An insurance crisis wasn’t on my bingo card first appeared on Sacramento AppraisalBlog.
Look, some people really hype this topic and use it to magnify […] The post Some red flags for the housing market first appeared on Sacramento AppraisalBlog. Sounds like a happy post, right?
UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 Empire Home Loans (details TBA) 5/15/24 […] The post Adding too many ADUs gets awkward first appeared on Sacramento AppraisalBlog.
It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento AppraisalBlog.
UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on […] The post The housing market has 80s vibes first appeared on Sacramento AppraisalBlog. Today, I want to show some headlines from over forty years ago, and I’d love to hear your take.
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