Housing Wire

JANUARY 17, 2024

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.

Appraisal 487

Appraisal Contracts Finance Real Estate 487

Housing Wire

MARCH 23, 2022

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.

Appraisal 448

Appraisal Reconsideration of Value Valuation Government 448

Cleveland Appraisal Blog

SEPTEMBER 30, 2022

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.

Appraisal 346

Appraisal Market Value Development Clients 346

Appraiserblogs

OCTOBER 29, 2024

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.

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Appraisal Inspection Finance Housing Market 134

Cleveland Appraisal Blog

MAY 26, 2023

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!

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Appraisal Real Estate Agent Real Estate Valuation 305

Appraiserblogs

FEBRUARY 25, 2025

Rocket Mortgage and the AMCs actively conceal this fee skimming from borrowers, never disclosing the proportion of the “appraisal fee” that is pocketed by the AMC rather than being paid to the appraiser. Core Valuation Management, Inc., Core Valuation Management, Inc., The class action lawsuit, Timmins v.

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Valuation Appraisal Business Mortgage 166

Cleveland Appraisal Blog

SEPTEMBER 3, 2021

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.

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Agents Appraisal Renovations Development 378

Miller Samuel

AUGUST 8, 2020

In 2005, I was interviewed by CNBC in the midst of the Housing Bubble and said that 75% of the appraisals being done then weren't worth the paper they were written on (hey it was 2005 and they were done on paper, not pdf). They found me because I had just started my Matrix Blog because no one seemed to be listening to appraisers.

Appraisal 367

Appraisal Valuation Business Mortgage 367

Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Appraisal Law Development Valuation 312

Appraisal Buzz

JULY 26, 2021

The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. The article accurately notes the lack of diversity in the appraisal profession. through the family business, b.

Appraisal 370

Appraisal Real Estate Inspection Training 370

Miller Samuel

MAY 1, 2021

Barry also posted the interview on his essential Big Picture blog: MiB: Jonathan Miller, Appraiser Extraordinaire in addition to the Bloomberg Masters In Business landing page. To say we talk a lot about housing and valuation in a crazy market wouldn't do this fun conversation any justice.

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Real Estate Business Valuation Appraisal 418

Cleveland Appraisal Blog

APRIL 11, 2023

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.

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Appraisal Market Value Legal Property Appraisal 358

Sacramento Appraisal Blog

AUGUST 2, 2023

It’s also made valuations more difficult. Today I want to share some stats and talk about appraising in today’s market. Scroll by topic or digest slowly.

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Sellers Housing Market Marketing Valuation 331

Cleveland Appraisal Blog

NOVEMBER 11, 2021

However, I believe that they’ve put too much value in their “values” Valuation is not their expertise. My appraiser compadre and fellow blogger Ryan Lundquist, at the Sacramento Appraisal Blog, wrote an excellent piece this week on the situation with Zillow. VALUATION IS NOT EASY OR SIMPLE.

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Valuation Market Value Appraisal Real Estate 369

Housing Wire

JUNE 1, 2023

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” The intent is to create a set of standards that increase confidence in the use of AVMs, according to the announcement.

Valuation 418

Valuation Design Law Real Estate 418

George Dell

JANUARY 24, 2024

Appraisal time adjustments are also labeled as “market conditions” adjustments. Or, more recently in Evidence Based Valuation, “Market Price Indexing (MPI)©”. The FHFA blog post of 1/16/2024 defines “underappraisals” as those loan appraisals which come in below the contract price. Time adjustments are not required.

Valuation 338

Valuation Contracts Appraisal Marketing 338

Cleveland Appraisal Blog

JULY 6, 2022

In one Facebook group the other day, (yes, I’m back on Facebook ) one member mentioned they feel that a person who scans a property to provide an appraiser with a floor plan should be licensed. WHAT IS AN APPRAISAL INSPECTION? I think it’s important to understand what an appraisal inspection is. What do you think?

Inspection 374

Inspection Appraisal Technology Clients 374

Appraiserblogs

JULY 22, 2022

To establish an independent agency to be known as the Federal Valuation Agency that would oversee the appraisal industry in the name of “equity.” Related Posts: Federal Agency in Charge of Appraisers Having a federal agency in charge of appraisers will be a NIGHTMARE. Leave it to the states as it is….

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Valuation Appraisal Government Real Estate 144

Housing Wire

MAY 21, 2024

Online real estate platforms, local newspapers, and real estate blogs are valuable sources of information. Use online valuation tools Though they’re not perfect, online valuation tools can offer estimates based on public records and algorithms.

Real Estate Agent 488

Real Estate Agent Real Estate Inspection Valuation 488

George Dell

JULY 13, 2022

How do Standards effect the excess of appraisers? The excess of appraisers is cyclical. In this blog issue, we consider the second friction (appraisal standards). Together and separately these prevent improvements in valuation, including additional services of risk measurement, forecasting, […].

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Appraisal Valuation Clients 195

Cleveland Appraisal Blog

MAY 9, 2024

TRENDS ON SOME MORE LOCALIZED AREAS IN CUYAHOGA COUNTY Since I have to analyze the market for every property I appraise, you might be interested in some more localized areas. To all my newsletter subscribers, I hope you’ll continue to enjoy my market research on my blog instead of the old newsletter I discontinued this month.

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Inventory Appraisal Real Property Property Appraisal 349

Appraisal Today

NOVEMBER 1, 2024

FHFA’s Appraisal Waivers Expansion The Great Debate on Appraisal Fees Updated UAD redesign timeline with specific implementation dates Mortgage applications decreased 0.1 As an appraiser, understanding the nuances of kitchens is essential to providing credible and insightful valuations.

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Appraisal Training Contracts Mortgage 86

Birmingham Appraisal

DECEMBER 17, 2024

Tips To Ensure a Successful Appraisal When it comes to the home appraisal process, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations.

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Appraisal Easement Real Estate Agent Valuation 76

Cleveland Appraisal Blog

MAY 17, 2024

This post from Aspen Appraisal Services will provide all of the information you need to start planning your home renovation. For a highly experienced State Certified Residential Real Estate Appraiser, contact Aspen Appraisal Services today! This will be the last guest post for the Cleveland Appraisal Blog.

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Renovations Appraisal Logistics Decorating 327

Cleveland Appraisal Blog

SEPTEMBER 2, 2022

Have you ever read thru an appraisal report? The Sales Comparison approach, as the name implies, compares the property being appraised to other properties that a potential buyer might consider as a substitute for buying the property being appraised. When completing an appraisal, there may be four values.

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Appraisal Development Valuation Market Value 342

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Cleveland Appraisal Blog shares some tips. And thank you for reading another article from the Cleveland Appraisal Blog! You can listen right here at the Cleveland Appraisal Blog. You can also listen right here at Cleveland Appraisal Blog! I am a member of the National Association of Appraisers.

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Real Estate Development Appraisal Contracts 308

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

Did I give up on blogging and podcasting? Anyhow, I’ve missed blogging and I’m sorry for being gone so long. Anastasia Corjan reached out to me a little over a year and a half ago to invite me to be an Appraisal Ambassador for them. I hope you all have been doing good and hanging in there. Did I go dark?

Marketing 305

Marketing Real Estate Agent Real Estate Appraisal 305

DW Slater Company

MAY 4, 2021

15 Years of Appraising. This month marks my 15th year of real estate appraising. I spent a Saturday at a workshop with a bunch of appraisers learning this new software and it just opened my eyes to the profession. I still love all of these things about being a real estate appraiser. I loved it.

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Appraisal Real Estate Business Valuation 196

Appraiserblogs

FEBRUARY 9, 2024

Recently, Class Valuation took to social media to boast about their Reconsideration of Value’s process (ROVs), claiming higher conversion rates and urging clients to choose them for a confident closing. The process of ROVs is meant to be a last resort when there are legitimate concerns or discrepancies in an appraisal report.

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Valuation Appraisal Clients 135

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. THERE’S A LOT OF CARPING GOING ON.

Housing Market 368

Housing Market Marketing Reconsideration of Value Appraisal 368

Appraiserblogs

JANUARY 29, 2024

Last week, Class Valuation, the esteemed AMC known for their impeccable reputation, sent out an email to appraisers claiming that they do not “bid for the cheapest and fastest appraisal.” Just imagine the appraisers scrambling to put together PowerPoint presentations and fancy graphs to impress Class Valuation.

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Valuation Appraisal 127

Cleveland Appraisal Blog

JANUARY 19, 2023

Unless you’re in the property valuation profession, you may not have. The Appraisal of Real Estate, fifteenth edition on page 352, states that “…the relationship between land and improvements and the relationship between a property and its environment must be in balance for a property to achieve its optimum market value.

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Appraisal Transportation Buyers Property Appraisal 288

Cleveland Appraisal Blog

FEBRUARY 11, 2022

Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. If you’re in need of an appraisal, I highly recommend not going with the cheapest appraiser. At first glance, two appraisals may both look impressive to someone who doesn’t know anything about appraisals.

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Appraisal Market Value Clients Design 221

Appraiserblogs

FEBRUARY 21, 2023

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals. This is an analysis of Freddie Mac's misleading and basically defamatory paper on Appraisal Gap.…

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Valuation Contracts Appraisal Home Value 136

Appraiserblogs

FEBRUARY 28, 2022

The CFPB is reviewing bias in Automated Valuation Models (AVMs). The mathematical models rely on biased data resulting in inaccurate valuations. Use of Census Data in AVM & Discrimination Every single appraisal any of us do has a census tract number as a required element. Remember markets are not static and are.

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Valuation Insurance Appraisal Design 128

Cleveland Appraisal Blog

OCTOBER 1, 2021

Consider the following three tips from the Cleveland Appraisal Blog for downsizing with a pet in tow. Don’t forget to have your home measured and appraised as quickly as possible to get your current home on the market (and hopefully purchased) ASAP. You can also listen right here at Cleveland Appraisal Blog!

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Appraisal Valuation Realtors Modernization 243

Simonson Real Estate

SEPTEMBER 25, 2020

The team at Simonson Appraisals has found that one of the best tools we have to overcome this challenge while continuing to produce reliable and credible appraisals is speaking with owners, lenders and other market participants dealing with the different segments of commercial real estate. Updated 9/8/2020.

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Valuation Appraisal Marketing Real Estate 130