Contracts Housing Market Reconsideration of Value 
Housing Wire
MARCH 20, 2025
Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Additionally, homes in Black communities are undervalued by an estimated 21% to 23%, translating to $162 billion in lost equity for Black homeowners.
Cleveland Appraisal Blog
MARCH 30, 2021
This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. That is a lot of bread!
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Appraisal Today
MAY 10, 2024
ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.
Housing Wire
APRIL 6, 2021
For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. I’ve seen a house listed at $1.7 But making me be the only one responsible (the appraiser) for the value and the loan, makes the appraiser use more caution,” he said. million and sell for $2.03
Appraisal Today
APRIL 5, 2024
More significantly, loanDepot.com agreed to an extensive revamping of: (a) its reconsideration of value practices; (b) fair housing/non-discrimination training requirements; (c) statistical tracking of appraisal outcomes; and (d) training and contractual requirements for AMCs and appraisers. percent from 6.93 percent from 7.14
Appraisal Today
JULY 12, 2024
ADUs represent a growing segment of the housing market, and your expertise as an appraiser is crucial in reflecting their true value. ADUs are not unique to urban locations and are becoming a crucial part of the housing market. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.63
Appraisal Today
APRIL 7, 2023
Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes. The review and analysis of the lender-selected sales are completely irrelevant to the report and opinion of value. percent from 6.45 percent from 6.27 percent from 5.84
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