Appraisal Buzz

DECEMBER 6, 2024

While the study excluded refinancing data due to lower refinancing activity in manufactured housing, it relied on purchasing indexes to provide a market-reflective valuation. Research indicates that rising land prices have significantly outpaced the appreciation of home structures, contributing to a disparity in overall value growth.

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Housing Wire

JANUARY 24, 2025

In June, HUD charged the lender, two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver.The Department of Justice followed suit in October. The latest ruling from the U.S Rocket Mortgage has faced other legal activity over the last year.

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Appraisal Buzz

MAY 31, 2021

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….

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Housing Wire

MARCH 2, 2021

HW: How can integrating title and valuation data points alleviate those pain points? It combines the proven services and expertise of Premium Title and Springhouse Valuations to provide a full suite of customizable products focused on the home equity lines of credit (HELOC) market.

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Housing Wire

MARCH 28, 2025

Automated valuation model (AVM): Boosts client consultations by using its proprietary algorithms to accurately estimate home values. PropStream combines multiple valuation methods, which allows you to use real-time sales activity to determine pricing opinions.

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Housing Wire

SEPTEMBER 27, 2023

Take the Zillow Home Value Index. It measures the typical home value for single-family residences, condominiums and co-ops in the 35th to 65th percentile within their region. For the nation as a whole, home values have hardly changed since August 2022 by Zillow’s estimation in its Home Value Index.

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Housing Wire

AUGUST 8, 2023

Plunk , an AI-powered home analytics platform, has introduced a new tool called Plunk Pro that aims to transform the real estate market by offering real-time insights into home valuation, risk assessment, and remodeling possibilities. This content was generated using AI and was edited by HousingWire’s editors.

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Appraisal Buzz

JUNE 23, 2022

Equity Valuation Partners (EVP), a provider of home value services, valuation tools and property value data for the real estate industry, has launched Inhabet , a one-stop platform that empowers lenders to generate their own compliant estimate of value for residential and commercial real estate (CRE) properties.

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Real Estate News

FEBRUARY 22, 2023

Instant home values (like Zillow's Zestimate) are getting better, and can be a tool for underwriters and savvy agents.

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Housing Wire

NOVEMBER 7, 2023

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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Housing Wire

OCTOBER 24, 2023

Features of the new RealScout Pro+ include Auto Nurture, Home Value Alerts and market activity alerts. The two seller or future seller nurture features in the RealScout Pro+ launch include Home Value Alerts and market activity.

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Housing Wire

JULY 15, 2024

Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. That was not the practice for appraisals with white owners, HUD stated.

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Housing Wire

APRIL 4, 2024

The data also used an automated valuation model (AVM), and the analysis applied to 89.4 million single-family homes in the U.S. amid a combination of declining home values and rising tax bills,” according to an Attom news release. Nationally, the average home value dipped 1.7%

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Housing Wire

SEPTEMBER 8, 2023

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation.

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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. To determine a value for the subject property, the most common AVM method is the use the prices of comparable properties that were recently sold. With access to a property database of more than 5.5

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Housing Wire

MAY 14, 2024

In January, the company announced a strategic partnership with Radian subsidiary Homegenius , connecting its AI-powered home search platform with FinLocker’s financial readiness platform. ” FinLocker raised roughly $20 million in 2020 in its Series A round ( TransUnion was one of its early backers ) and $2.25

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Housing Wire

JUNE 30, 2021

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.

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Housing Wire

AUGUST 11, 2021

Total Home Value X. Total Home Value X is a new state-of-the-art automated valuation model (AVM) leveraging artificial intelligence and machine learning capabilities built on Cloud technology. It leverages a property database of more than 5.5. billion records that captures 99.9% Product Fast Facts. #1.

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Housing Wire

OCTOBER 18, 2022

Automated Valuation Models (AVMs) are having a moment. homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. AVMs are no longer one-size-fits-all solutions.

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Housing Wire

AUGUST 25, 2022

However, many lenders have issues building profitable home equity programs due to some misconceptions about handling valuations in a way that ensures they are underwriting quality loans. It may even be enough to dissuade some from initiating the home equity loan process.

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Housing Wire

SEPTEMBER 9, 2021

How fine-tuning MSR valuations can help lenders improve decision-making. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. That’s just a fraction of the $9 trillion in remaining tappable equity.

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Housing Wire

DECEMBER 22, 2021

How do remote valuation solutions benefit appraisers? However, she added that the “silver lining is that housing values didn’t just climb in large affluent cities” as homeowners in rural America also saw “substantial” home-value increases. Redfin’s report found that rural home values climbed by 46.2%

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Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Only homes in census tracts with poverty rates of at least 130% of the area poverty rate, median family income below 80% of area median income, and median home values lower than the area median value would be eligible for the credit.

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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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Housing Wire

NOVEMBER 3, 2023

Find their dream home faster. 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. Evaluate properties instantly.

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Housing Wire

MARCH 20, 2025

Additionally, homes in Black communities are undervalued by an estimated 21% to 23%, translating to $162 billion in lost equity for Black homeowners. According to a November 2022 report by The New York Times, racial gaps in appraised home values surged by 75% over the prior decade.

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Housing Wire

JANUARY 31, 2021

By using these insights into triggers such as lien priority status, collateral valuation analysis, borrower credit analysis, hazard profiling and event risk, compliance managers can act quickly to mitigate losses and minimize risk.

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Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Either way, it puts the squeeze on property valuation. In fact, Austin has just about 1.2

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Appraisal Buzz

JUNE 26, 2024

A new rule was passed by the Consumer Financial Protection Bureau (CFPB) to address the use of artificial intelligence and complicated algorithms in home valuations, both now and in the future. A proper home appraisal is essential whether purchasing or selling a property.

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Appraisal Buzz

NOVEMBER 29, 2021

Appraisers use three different property valuation methods: (1) Sales Comparison relates the estimated value of our subject property to similar settled, active, and pending market sales. (2) 2) The Income Approach considers the present value of expected future cash flows. (3) Know what average home values are in your area. (2)

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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. The post Under-Valuations Unrelated to Racial Bias appeared on Appraisers Blogs.

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Appraisal Buzz

OCTOBER 7, 2024

home prices are forecast to rise 3.1% over the next 12 months, according to valuations firm Veros. That’s down from the firm’s Q2 forecast of 3.2%. The housing market is poised for modest appreciation over the next year amidst falling mortgage rates and increasing inventory, Veros says in its Q3 report.

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Housing Wire

NOVEMBER 17, 2022

The residential appraisal space has been rocked by increased federal scrutiny over the past two years, with several agencies studying whether appraisers let racial bias change their valuations. Home value inequalities are the result of appraisal practices that elevate White spaces as the most valuable,” the report said.

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Housing Wire

MAY 11, 2021

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.

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Housing Wire

JANUARY 13, 2022

But they claim that Quicken Loans influenced appraisers to raise their home values and originate higher loans. According to the lawsuit, the Aligs, for example, estimated their home was worth $129,000, and provided the information to Quicken Loans. Messages left with plaintiffs’ attorneys were not returned.

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Appraisal Buzz

MAY 6, 2024

And in some condominium markets in Florida, home values are taking a hit as insurance premiums skyrocket. Areas more exposed to such risk are likely to see increased volatility in valuations.” The post Going to Extremes appeared first on Appraisal Buzz.

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D Fritz Appraisals

SEPTEMBER 11, 2023

Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. Whether you are planning to sell in the near future or not, most people want to be reassured that any major renovations they invest in will be reflected in an increased home valuation. Fritz Appraisals Inc.

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