Appraisal Buzz

JULY 22, 2024

The latter was simply a reference to the property’s location near the ocean, which is relatively common where I operate , but each term was innocuous and routine — unless of course you take them out of context.

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Housing Wire

JULY 8, 2022

By increasing the percentage of renters in the black community, the institutional investors are creating a modern-day sharecropping colony,” Bogany added. “It Make no mistake about it: These companies engage in equity stripping,” she said, referring to institutional players in the SFR market. s lowest-income families.”.

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Appraisal Buzz

APRIL 15, 2024

In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it. Appraisers have grown accustomed to the appraisal software they utilize and are reluctant to change. There are numerous reasons for this hesitancy.

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Appraisal Buzz

AUGUST 12, 2024

For years, we have referred to our appraisal reports as “forms,” but they have always been appraisal “reports.” This line highlights the idea that the nature of an object, person, or concept is not altered by its label or name. We can learn from this beautiful prose.

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Appraisal Buzz

JULY 15, 2024

If an appraiser wants to refer to previous input, changes in that input would need to be reconciled throughout the report. For instance, if the property is constructed on a slab foundation, there would be no interrogatories about basement areas. This methodology has its issues as well.

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Appraisal Buzz

SEPTEMBER 2, 2024

Since the house (and other vertical and horizontal improvements) already exist, financial feasibility of construction is not the issue. It cannot be since the house has already been built. Therefore, by elimination, the only aspect of value to which it can refer is the use(s) to which the current improvements can be put.

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Appraisal Today

NOVEMBER 8, 2024

GSEs Update Appraisal Market Area Requirements Mortgage applications decreased 10.8 Think of the new URAR like upgrading from a basic flip phone to a modern smartphone. Both URAR and UAD acronyms are used in articles and references I have read. The whole interior views to the water,” she said. You are just drawn to it.”

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Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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Appraisal Today

JANUARY 31, 2025

Keep it as a reference for the future when you may need to use the Cost Approach. Now, with Florida’s luxury housing market experiencing a major boom, the compound is back on the market with the same sky-high price. This article explains when and why. It also includes basic info such as reproduction vs. replacement.

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Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = Is the GSE’s “Appraisal Modernization” Really Just Mass Appraisal? By Dallas T.

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Appraisal Today

MARCH 8, 2024

The present bill also refers to requirements for data collectors established by the Appraiser Qualifications Board, which do not exist. I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S.

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Appraisal Today

JULY 1, 2023

Reference Guides for the Restricted Appraisal Update Report and Completion Report to provide guidance on entering information and how it will be displayed. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. This link has sample appraisals.

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Appraisal Today

JULY 12, 2024

Charles kitchen cabinets have been preserved and restored, blending seamlessly with luxurious modern updates like fine wool carpeting in the bedrooms and sophisticated new kitchen and bathroom fixtures. ADUs represent a growing segment of the housing market, and your expertise as an appraiser is crucial in reflecting their true value.

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Appraisal Today

APRIL 5, 2024

Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture.

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Housing Wire

OCTOBER 23, 2024

When you ask the housing crash addicts why their home-price forecasts don’t work, they usually say we should adjust home prices to inflation, gold prices, or some other silly historical reference that doesn’t apply to modern-day economics. million for active inventory, the housing market is balanced.

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Appraisal Today

AUGUST 18, 2023

Integrated commentary Gone are the days of vague references to some addendum page that the reader has to hunt down. Appraisers can provide their insights right next to the data, photos, maps, or figures it refers to. The future is here, and it includes commentary space directly within each relevant section.

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Appraisal Today

JANUARY 26, 2024

To see the Listing with 49 photos, Click Here == The housing market has ’80s vibes January 23, 2024 By Ryan Lundquist Excerpts: The housing market has ’80s vibes. The ’90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. Enjoy a tranquil stay among nature.

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Appraisal Today

AUGUST 5, 2022

With consideration for the high demand for appraisal services and limited availability of appraisers in certain local market areas, VA is providing lenders, servicers, and appraisers with a procedural waterfall that clarifies acceptable valuation methods when certain conditions exist. The housing market is cooling-off.

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Appraisal Today

SEPTEMBER 8, 2023

He includes Fannie and USPAP references, of course. an ever-evolving economic environment, key aspects such as inflation, employment, and the housing market are undergoing significant changes in August 2023. This post analyzes the recent data and insights, highlighting potential impacts and the overarching market conditions.

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Appraisal Today

AUGUST 4, 2023

The current Fannie Mae Selling Guide has hundreds of references to “verify”, or “verification”. However, none of these refers to an appraiser verifying data of any kind. Answer: No, USPAP does not state that. Your reviewer is not qualified to tell you what USPAP does and/or does not contain. On the other hand, the FHA/HUD 4000.1[II.D.4.(3)(c)]

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Housing Wire

JULY 18, 2024

Gooch said that MHI research indicates a high level of satisfaction among residents of land-lease communities, and she contends that rent increases — while present — are not as severe as they are in other segments of the housing market. As of the report’s publication, 8.4 million Americans live in a manufactured home.

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Appraisal Today

JANUARY 27, 2023

The modern kitchen features wide-board pine floors and lots of windows to soak in the natural light. One of the most quoted experts on housing markets, Jonathan Miller of real estate appraisal company Miller Samuel, won an unusually large 30-way bidding war for a Connecticut house built in 1755.”

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Will Springer Realtor

JUNE 9, 2023

I’m referring to people flocking to the Seattle metro area from across the country and around the world. Can the housing market cope with rising demand? It’s the bacon and eggs of the housing market – two staples that are often linked to one another. Or about a stately house in Magnolia? Farewell, BB&B!

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Appraisal Today

NOVEMBER 20, 2022

The housing market will figure it out. Excerpts: The housing market has really changed, and it’s not an easy time to work in real estate. Excerpts: Affectionately referred to as our “big ol soup cans” Each working grain silo was strategically placed and reconstructed on our three generation family farm.

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Appraisal Real Estate Agent Real Estate Contracts 52

Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

SEPTEMBER 12, 2023

The so-called ‘death of the city’ has been overstated … despite impacts from the pandemic,” said Christopher Leinberger, managing director at Places Platform, referring to the report. SEPTEMBER HOUSING UPDATE There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days.

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Will Springer Realtor

JULY 13, 2023

Supply-side struggles are at the root of the housing shortage, noted Robert Dietz, chief economist for the National Association of Home Builders. “I I refer to these challenges as the 5 L’s. Seattle (12%) and the Eastside (11%) drove the increase in single-family units sitting on the market as of July 1. List: $6.895M ($1556/sq.

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Construction Supply Chain Real Estate Development 36

Will Springer Realtor

JUNE 9, 2021

Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 market during the pandemic – and there is great anticipation for strong demand. The listing agent calls it “modern farmhouse.” The post IS THE HOUSING MARKET HEADED FOR A CRASH?

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Housing Wire

SEPTEMBER 11, 2024

Department of Housing and Urban Development (HUD) on Wednesday announced updates to its manufactured housing construction and safety standards, a move it called the most extensive such updates in three decades as the department seeks to modernize the features of these homes to drive demand.

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Housing Wire

JUNE 23, 2023

“This organizational change represents a recognition of the critically important role that manufactured housing plays in our country’s housing market,” said Gordon.

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Housing Wire

JUNE 26, 2024

Housing has become a more potent political issue this year, with President Joe Biden laying down a broader housing plan during this year’s State of the Union address. President Biden and I have proposed a national housing plan to build 2 million units of affordable housing.

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Housing Wire

NOVEMBER 11, 2024

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. Zillow is hoping agents refer clients to Zillow Home Loans instead of their usual rotation of loan officers from outside mortgage companies.

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Appraisal Today

MARCH 14, 2025

123 Marlborough Rd, Briarcliff Manor, NY Price: $1,800,000 Modern luxury: This opulent residence designed by architect Ferdinand Gottlieb has a resort-style guest suite overlooking the in-ground pool. What happens to the housing market during a recession? Anything else you are watching in the market right now?

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Appraisal Today

FEBRUARY 7, 2025

Under the Biden administration, as Warnock revealed, HUD had been leading efforts to crack down on appraisal bias, and the result was that many bias complaints filed with HUD were referred directly to the Washington D.C. The interplay between macroeconomic conditions, housing demand, and inventory presents unique challenges and opportunities.

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