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Race and the Property Valuation Industry

Appraisal Buzz

The first appraiser could have been incompetent, resulting in a lower value estimate for the couple’s property. The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. However, the husband and wife in this article are not valuation professionals. The answer….

Valuation 370
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Property taxes have been rising. Here’s what it means for housing

Housing Wire

That, combined with higher home valuations from sales last year, has meant that the average homeowner will pay an extra $130 annually in tax through fiscal year 2024, according to the county. single-family home was $3,901, up 3% compared to 2021, ATTOM reported. But home values and taxes have shot up in several neighborhoods.

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Property condition information that’s cloud-based – “Word cloud” based

Housing Wire

This is why most automated valuation models (AVM) default to assessing “average” quality and condition. As a result, it is often difficult to differentiate (and accurately value) properties at the above-average and below-average ends of the spectrum.

Valuation 397
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ServiceLink offers brokers constant communication and transparency into valuation and closing

Housing Wire

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

Valuation 202
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Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Sales Comparison Approach is Racist

Appraiserblogs

Race is NEVER considered during a valuation Last week in a congressional hearing on the future…. The broad definition of an algorithm according to Merriam Webster’s Dictionary is “a…. Is Race Baked into Big Data? Racial Bias: Redlining in the Modern Era.are they behind this modern day redlining?

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The Appraiser’s Guide to Evaluating Home Value Before You Buy

Birmingham Appraisal

Strategies for Evaluating Home Value: What Buyers Need to Know When it comes to purchasing a home, understanding the various factors that affect its value is important. Evaluating home value is essential in this regard. Key Factors For Buyers to Consider 1.