Housing Wire

OCTOBER 28, 2024

The maximum LTV ratio will increase from 80% to 90% for appraisal waivers and from 80% to 97% for inspection-based appraisal waivers, consistent with standard guide eligibility guidelines. “To The announcement was made on Monday during the Mortgage Bankers Association (MBA) Annual Convention & Expo in Denver, Colorado.

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Appraisal Valuation Inspection Sellers 459

Appraisal Buzz

MAY 19, 2021

Become a member today and you could win up to $400 on your Valuation Expo Trade Show Pass! The post Join the Buzz Forum and Win Your Way to Valuation Expo appeared first on Appraisal Buzz. Have you joined the Appraisal Buzz Forum yet? You can post every week for your chance at winning!

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Valuation Inspection Appraisal Housing Market 243

Housing Wire

JULY 11, 2024

Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process. Advanced data collection: The future of appraisals Data collection is a cornerstone of Opteon’s strategy to revolutionize the valuation industry.

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Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Housing Wire

OCTOBER 26, 2020

Working with some of the nation’s largest banks and mortgage servicers, offering asset management, property disposition, title, close, valuation, and field services through an integrated, technology-driven platform. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes.

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Housing Wire

MAY 25, 2021

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. Navigating appraisal challenges in today’s housing market.

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Appraisal Buzz

OCTOBER 14, 2024

Today, new technology can assist appraisers, AMCs and lenders with visual inspection, analysis, and intelligence to validate information, detect issues, and derive data-backed insights on every loan. They also are using computer vision to validate third-party valuations prepared by appraisal management companies.

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Housing Wire

MAY 2, 2022

From drive-through closings to drone-guided inspections, industry experts got creative to meet the growing demand for new homes for a surge of homebuyers and homeowners who wanted to take advantage of low interest rates.

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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 126

Appraisal Buzz

JUNE 14, 2021

Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted. housing markets. Even better, it will eliminate the need for appraisal waivers and protect all parties and the housing market as a whole.

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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. Couple that with the new Florida regulation requiring HOAs to maintain reserve funds for future expenses related to maintenance and inspections, and it’s no surprise that HOA dues are soaring.

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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. Additionally, British Columbias ongoing housing crisis adds another layer of complexity. Methodology: Includes a detailed inspection, market analysis, and adjustments for unique property features.

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Housing Wire

JUNE 18, 2021

is opening substantial opportunities across many housing sub-markets. All of these markets benefit from an accurate understanding of valuation and property characteristics, but the data sources that power them leave out a crucial component: property condition. The waning pandemic in the U.S.

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Appraisal Buzz

JULY 8, 2024

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). What am I talking about? Some of these have been around for many years. Think of it like a dental hygienist cleaning your teeth with the dentist checking and approving the work.

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Appraiserblogs

APRIL 9, 2024

Based on the local market appraisal fee, Valuation Connect values the “appraisal expertise” component of a hybrid appraisal at 18% of what the consumer pays for an appraisal. This firm hasn’t awarded us work in about two years, and they only hire us when they are in a jam, and we require the local market rate.

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Birmingham Appraisal

MARCH 4, 2025

In fact, one of the biggest dangers is that widespread reliance on appraisal waivers is contributing to what some call “data cancer”a systemic problem that degrades the accuracy of real estate valuations over time. Appraisal Waivers Contribute to “Data Cancer” in the Housing Market What is Data Cancer?

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Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

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Clear Capital

NOVEMBER 29, 2022

Today, we’re thrilled to announce the launch of Interactive ClearAVM (automated valuation model). ClearAVM is an AI-based, investment-grade AVM that produces reliable, highly-accurate market value predictions and uses machine learning to deliver property valuations on more than 139 million addresses across the United States.

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Appraisal Buzz

AUGUST 12, 2024

There will be many more data elements related to the inspection. Using a mobile device for inspections will be a must in the future. If these are not captured in field notes or photographs, it could result in returning to the property for more data collection. Appraisers can prepare for this change by using those tools right now.

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D Fritz Appraisals

OCTOBER 11, 2022

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Valuation for insurance claims. There are two main parts to a Home Appraisal: Inspection of the property. Tax implications for final probate.

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Appraiserblogs

MARCH 7, 2024

However, a closer examination reveals potential drawbacks, raising questions about its efficacy and impact on the housing market. It is presented as part of the GSEs “Appraisal Modernization” initiative, which aims to streamline the mortgage appraisal process. Despite its roots in a methodology designed to support appraisers, Value.

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Valuation Review

OCTOBER 18, 2021

A new Zillow research finds most home buyers still tour homes in person and don't waive inspection contingencies. The housing market is historically hot with record home price appreciation and limited inventory, but the typical buyer submitted only two offers in 2021, and only about 1 in 10 waived an inspection.

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McKissock

FEBRUARY 4, 2022

The share of new construction homes on the market rises to a record high. The value of the housing market as a whole has doubled since the early 2010s. Incenter Appraisal Management and McKissock Learning partner to host several desktop valuation training webinars. In 10 years, the housing market has doubled.

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Padove Appraisal Service

JANUARY 11, 2019

Most attempts to remove the appraisal requirement have included use of an automated valuation model (AVM). They can’t replicate the knowledge and market insight of a home appraiser. They don’t visit the house. They are unaware of factors impacting marketability such as strong pet odors, or walls stained by heavy smokers.

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Appraisal Today

NOVEMBER 1, 2024

A well-appointed kitchen can significantly enhance a property’s appeal and marketability. As an appraiser, understanding the nuances of kitchens is essential to providing credible and insightful valuations. Let’s dive into appraising kitchens and how the room impacts market value.

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D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Pace of Real Estate Market Steady into Spring.

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Real Estate Marketing Inventory Housing Market 110

McKissock

DECEMBER 28, 2021

Housing market trends for 2022. While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Related reading: Check out our roundup of Housing Market Predictions for 2022.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

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 62

DW Slater Company

SEPTEMBER 13, 2022

Understand Your Local Housing Market. Buying a larger home is not a simple matter of finding your dream house and writing a check. Consult with DW Slater Company appraisers to get an accurate valuation for your home. Any home purchase is a large financial commitment for which you need to prepare adequately. 940-597-3533.

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Business Decorating Inspection Valuation 78

Appraisal Buzz

JUNE 3, 2024

Thorough due diligence, including property inspections and assessments, and adequate cash reserves are crucial to identify and address potential concerns. Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls.

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Investors Marketing Renovations Real Estate 195

Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Let the Sunshine In: 5 Gorgeous Glass Houses That Make Full Use of Daylight Saving Time Just For Fun!

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Clear Capital

MARCH 2, 2023

March 2, 2023 – Clear Capital , a national real estate valuation technology company, today announced the launch of Universal Data Collection (UDC) , the latest in the Company’s suite of products designed to support appraisal modernization. Our goal is to provide customers with a complete understanding of every U.S.

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Modernization Appraisal Valuation Real Estate 69

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. But with obstacles in the way for many, lenders need to stay updated on market trends and understand how every part of the homebuying journey might be impacted. That’s where you, the lenders, can step in and help.

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Appraisal Inspection HOA Real Estate 78

Appraisal Today

JANUARY 31, 2025

Fannie Mae only accepts the sales comparison approach as its primary valuation tool. Now, with Florida’s luxury housing market experiencing a major boom, the compound is back on the market with the same sky-high price. Valuation Profession Fact Sheet Effective 08/01/2023 Men 67.9% 300 linear ft. Asian 1.8%

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Appraisal Contracts Real Estate Insurance 75

DW Slater Company

JULY 28, 2022

The temperatures may be hot but our markets are starting to cool. The housing markets have been experiencing extremely high rates of price appreciation as home prices are up in our markets by 17-29% from the same time last year. How can I say the markets are cooling if the prices are still up? The tide is turning.

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Supply Chain Real Estate Appraisal Housing Market 78

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. I blend this with occasional review work and traditional valuation for banks/lenders, and it’s been a blessing to keep afloat during these very difficult times!”

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Lending Appraisal Training Property Taxes 99

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Increasing the number of appraisers is essential to making the homebuying process faster for North Dakotans while also improving access to the housing market.”

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