Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. The construction industry? The post Recap: Valuation Expo 2021 appeared first on Appraisal Buzz. This was originally published on hoskingappraisalgroup.com here. Buyers and sellers?

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Appraisal Buzz

MARCH 3, 2025

They also reported that, as of 2023, at least eight states have policies that preempt local bans of ADU construction. At that time, the study showed that ADU construction was rising by 8.6% Having a qualified contractor with experience in ADU construction who knows and understands the local regulations is vital to success.

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Housing Wire

MAY 25, 2021

An automated valuation model (AVM) provides an estimate of market value for a subject property at a specific point in time. Applying this concept to the housing market, it is possible to construct a network of properties—a network graph algorithm. Greater Similarity…Stronger Connection.

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Housing Wire

SEPTEMBER 30, 2020

STREAMLINED CONSTRUCTION PROCESSES. Construction Title Pro (CTPro) is a nationwide title platform built to streamline highly fragmented processes while reducing costs. Powered by Premium Title and Granite Risk Management, it provides a single destination for all construction title and settlement work.

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Housing Wire

AUGUST 16, 2022

Blue Water provides asset valuation, MSR distribution, MSR hedging and digital solutions to MSR investors and mortgage lenders. million, and also has leading products in property valuation/appraisal, analytics and settlement services. ” Voxtur acquired appraisal management company Anow last year for $30.5

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Housing Wire

MAY 16, 2024

RealReports is a real estate platform that gathers property data — including construction permits, climate risk, rental rates, flood insurance costs, remodel potential and valuation — in one place. It pulls information from more than 30 data providers.

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Appraisal Buzz

JULY 12, 2021

I have also been actively involved with the Collateral Risk Network for over a decade and am a recipient of the Valuation Visionary Award. Within the real estate and the valuation industry, commodities would be housing – the construction of, the buying and selling of, and the financing of.

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Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price. HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing.

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Housing Wire

NOVEMBER 3, 2023

The platform helps to differentiate from the competition with real-time and augmented property valuation estimates, unique AI-driven property search, personalized market intelligence, valuable real estate agent connections, potential savings and rebates*, and more. Find their dream home faster. Evaluate properties instantly.

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Appraisal Buzz

DECEMBER 13, 2021

I have also been actively involved with the Collateral Risk Network for over a decade and am a recipient of the Valuation Visionary Award in 2013. . Within the real estate and the valuation industry, supply chain components impacted by shortages include housing – the construction of, the buying and selling of, and the financing of. .

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Housing Wire

FEBRUARY 6, 2023

The deal gave the combined company a valuation of $16.1 It also introduced a product that covers the cost of building a home, converting to a permanent mortgage once construction is complete. UWM went public in January 2022 after merging with a special purpose acquisition company (SPAC) named Gores Holdings IV.

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Appraisal Buzz

OCTOBER 7, 2024

over the next 12 months, according to valuations firm Veros. High construction costs have hindered new home supply so far, but there is a possibility that this situation may improve. home prices are forecast to rise 3.1% That’s down from the firm’s Q2 forecast of 3.2%.

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Inventory Housing Market Valuation Home Value 361

Appraisal Buzz

FEBRUARY 17, 2025

Applying each of these tests properly is essential to the valuation process. Financially feasible – Would the proposed use generate enough income to pay for construction costs and make a profit? But with the new zoning, up to three units may be constructed on the property.

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Housing Wire

MAY 12, 2021

Instead, she is looking to buy a newly-constructed home from a large homebuilder. If she is unable to wait the six months or more it could take to finish construction, she may forgo her hard-earned government benefit altogether. But it might be a while until Williams’ client could actually stop paying rent and move into a home.

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Appraisal Buzz

JULY 10, 2024

Veros Real Estate, an enterprise risk management and collateral valuation company, has released it second quarter VeroFORECAST, which projects an average nationwide home price forecast for the forthcoming year. The most recent forecast, which is published every quarter, predicts an average appreciation rate of 3.2%

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D Fritz Appraisals

JANUARY 29, 2025

While assessments and appraisals both provide property valuations, their purpose, methods and impact on homeowners differ vastly. As property values soar and housing accessibility becomes more challenging, understanding the role of these valuations in shaping real estate decisions is more critical than ever.

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Housing Wire

APRIL 20, 2021

Most sellers, if given the choice, would seldom choose a lengthy construction financing process to a cash offer on a dilapidated house. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

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Housing Wire

AUGUST 14, 2024

The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time. If homes are priced appropriately and marketed well, buyers will make offers.

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Appraisal Buzz

AUGUST 26, 2024

The SCA grid includes units of comparison that are imposed upon the analyst. Multivariable regression (MVR) is another valuation model that gets a lot of attention. If the cost of a bath at the time of construction is $12,000, and the market pays 70% of cost, then a market-supported adjustment for a bath difference is $8,400.

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Housing Wire

JUNE 14, 2023

“It’s been extremely expensive and unaffordable for a lot of families to purchase a home, so they’re going to have to find alternative housing through the rental side,” Brandon Lwowski, director of research at valuations firm HouseCanary , told Conroy. Homebuyers have been sitting on the sidelines.”

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Housing Wire

APRIL 19, 2023

The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction. So from the narrow perspective of short-term real estate valuation (that is, excluding potential rental income), you’re looking at 1.5x or better ROI in those markets.

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Appraisal Buzz

AUGUST 9, 2021

Who even knew about desktop valuations or evaluations? California building code now allows ADUs and is mandating solar on new construction. Many, many years ago, the majority of appraisers had no idea what an AMC was. Not so long ago, there were very few appraisers that knew about property inspection waivers.

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Housing Wire

OCTOBER 20, 2020

He touted the speed with which Freddie offered liquidity to the market and embraced the use of alternative documents and signatures, and automated valuation to smooth the bumps in the road. Sweat equity, accessory dwelling unit construction and manufactured/factory-build housing were also initiatives the housing giant was pursuing.

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Housing Wire

SEPTEMBER 19, 2023

Since the seller’s market for brokerages has passed for the moment, valuations have taken a hit. I suspect we will see more walkovers and big teams also making moves as they seek to improve their take on each transaction which creates even more uncertainty in valuations. It needs to be customized and personal.

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Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. The larger national bank lenders confirmed they are still active in new construction lending and were able to successfully close several pre-construction loans that were in process when COVID-19 started.

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Housing Wire

APRIL 4, 2023

From the housing supply side, machine learning models could help address bias in the collateral valuation process , Peter Carroll, executive of public policy & industry relations at CoreLogic , said. “I’ve

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Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Financial risk mitigation involves diligence, data analytics, and the expertise of VRM’s licensed real estate professionals , leveraging over 40 years of valuation data through its affiliate, PCV-Murcor.

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Business Marketing Real Estate Legal 435

Appraisal Buzz

OCTOBER 21, 2024

So, it is clear from these Fannie Mae instructions that the appraisal of a SFR includes an analysis and valuation of the subject site separate from the valuation of the site as improved. How, then, can the appraiser determine if construction new is financially feasible? There is no way around that. AND THIS TEACHES US…WHAT?

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Appraisal Buzz

JULY 25, 2022

I provide short and long-term consulting services related to valuation, education, review, and investigations. Buzz: What is your background in the industry? Josh Walitt: I’m the principal consultant for Walitt Solutions. Buzz: In what ways is new technology impacting the future of appraisal industry in regards to this new process?

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Appraisal Buzz

JUNE 20, 2022

It’s not unusual for alterations to be made to plans during construction, or for the improvement to be built at variance to the specifications due to decisions made on the fly. Maintain, in your workfile, the information necessary to support your scope of work decision.

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Appraisal Buzz

MAY 2, 2024

In her new role, Walker oversees business development and operations for Xactus’ property valuation solutions division that includes Appraisal FirewallX, Appraisal ScorecardX and VerisiteX; and its proprietary appraisal/property valuation technology.

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Housing Wire

NOVEMBER 24, 2020

Homes went under contract two weeks faster in September than they did a year earlier, but construction is playing catch-up to feed the frenzy, said Speakman. Some measures show home prices now growing at a faster pace than they ever have.”. Census Bureau.

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Housing Wire

NOVEMBER 3, 2020

COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. After months of severe shortages, upward pressure on home price appreciation had consumers battling it out for the limited supply, the report said.

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Appraisal Buzz

JULY 15, 2024

That’s how I first got involved in valuation technology. For instance, if the property is constructed on a slab foundation, there would be no interrogatories about basement areas. We know we are part of the valuation future as envisioned by the GSEs. It was my father’s vision that we would “computerize.”

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Housing Wire

NOVEMBER 21, 2022

home valuation gaps) thus allowing future projects to operate in a more efficient market. Subsidy: Obtaining and optimizing the allocation of scarce “gap” funding sources that assist the homebuyer, including home price buy-down, appraisal gap funding, down payment assistance, closing cost assistance, mortgage interest rate buy-down, and more.

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Housing Wire

MARCH 28, 2022

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

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Housing Wire

FEBRUARY 8, 2022

Loans for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes are not eligible. Kroll Bond Ratings Agency , in a January 2022 pre-sale report, said they gave a “broad valuation haircut” to all loan pools with appraisal waivers.

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