Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following.

Appraisal 370

Appraisal Marketing Valuation Sellers 370

Sacramento Appraisal Blog

JUNE 21, 2021

A couple weeks ago a viral story came out about a fund called BlackRock who was reported to be buying everything in sight and paying 20-50% above market value. Market update on […]. Let’s talk about this as well as other institutional investors right now. This is a longer post, so scroll topics (or digest slowly).

Investors 406

Investors Housing Market Marketing Market Value 406

Appraisal Buzz

DECEMBER 9, 2024

To effectively support market condition adjustments in line with recent Fannie Mae guidelines, appraisers can use a variety of market analysis techniques. These methods provide a solid foundation for demonstrating how changing market conditions affect property values over time.

Appraisal 358

Appraisal Marketing Valuation Tools 358

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.

Real Estate Agent 384

Real Estate Agent Tools Real Estate Agents 384

Housing Wire

MAY 20, 2021

Accurately establishing a home’s value is not just an important factor in real estate transactions and mortgage lending, it is integral to household wealth creation, as homeownership continues to be one of the primary pathways for Americans to build wealth. So, what can be done to mitigate bias and inequality in the valuation process?

Appraisal 490

Appraisal Valuation Technology Training 490

Housing Wire

MARCH 1, 2023

Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We

Appraisal 482

Appraisal Valuation Appraisal Process Technology 482

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Inventory levels have an impact on property valuation, at least in the short term. Appraising real estate in a fast-changing market. Appraisers track such data.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Appraisal Buzz

NOVEMBER 14, 2024

According to ATTOM’s latest analysis of more than 52 million single-family home and condo sales over the past 11 years, buyers who close on December 4 are seeing the lowest premium above the automated valuation model (AVM). While still above market value, homebuyers are only paying a 4.8% premium above market value) October (7.4%

Market Value 368

Market Value Buyers Valuation Marketing 368

Housing Wire

FEBRUARY 19, 2021

It could also have big implications for appraisers, who are already nervous about the continued rise of automated valuation models. Cape Analytics’ AI system instantly extracts property condition from images, which is then run through Weiss’ valuation model, Raj Dosaj, Cape Analytics’ head of real estate, explained.

Valuation 392

Valuation Real Estate Investors Appraisal 392

Housing Wire

MAY 21, 2024

Without sales figures, it’s difficult to access comparable sales, and home buyers may find it challenging to gauge the fair market value of a property. Buyers should focus on other factors when estimating a property’s value , such as location, condition of the home, local amenities, and current market trends.

Real Estate Agent 425

Real Estate Agent Real Estate Inspection Valuation 425

Appraisal Buzz

APRIL 4, 2024

The report analyzed property tax data collected from county tax assessor offices nationwide at the state, metro and county levels along with estimated market values of single-family homes calculated using an automated valuation model (AVM).

Property Taxes 368

Property Taxes Government Market Value Valuation 368

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. People who are willing to spend tens of thousands more than the market will really support, seem to be speculating that things will continue as they are.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

NOVEMBER 11, 2020

LoanDepot , backed by private equity shop Parthenon Capital Partners, first announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” At the time, loanDepot had sought a market value of $2.4 billion to $2.6

Retail 458

Retail Technology Valuation Market Value 458

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. Greater Similarity…Stronger Connection.

Valuation 197

Valuation Training Home Value Market Value 197

Appraisal Buzz

OCTOBER 21, 2024

Be it for good or evil, the only way to quantify how much the improvements contribute to the market value of the underlying site, as if it were vacant, is via the analytics of the Cost Approach. And this requires the appraiser to collect, verify and analyze data to conclude a credible vacant site value.

Market Value 293

Market Value Renovations Valuation Appraisal 293

Cleveland Appraisal Blog

NOVEMBER 11, 2021

One big one is their Zestimate’s inaccuracy at predicting market value, and more specifically, they were relying on their own Zestimates to make important decisions like buying & selling homes. They are excellent at marketing. Just think how much more difficult it would have been to flip in a declining market.”

Valuation 364

Valuation Market Value Appraisal Real Estate 364

Housing Wire

NOVEMBER 7, 2023

And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I The market has since cooled off, but taxes are going up. In August, the county raised the tax rate slightly.

Property Taxes 540

Property Taxes Home Value Government Valuation 540

Housing Wire

JANUARY 19, 2025

But the harsh realities of its pricy housing market more resemble the citys dark underbelly reflected in a David Lynch LA noir film. Insurers that stay in the market will undoubtedly charge higher premiums, and many rebuilding homeowners may simply not find a company willing to extend a policy to them. In fact, its already happening.

Property Taxes 304

Property Taxes Insurance Valuation Transportation 304

Appraisal Buzz

JANUARY 13, 2025

While the basic approach involves the valuation of properties using comparable sales, the proper use of statistical tools, such as a correlation matrix, can significantly enhance the quality and objectivity of the appraisal process. In other words, they must objectively have the same highest and best use as the subject property.

Real Estate 352

Real Estate Appraisal Appraisal Process Reconsideration of Value 352

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. Appraisers , however, feel AMCs put pressure on the market by taking a increasing cut of appraisal fees. AVMs were used by 9% of the appraisers this year, up from 7% last year.

Appraisal 362

Appraisal Logistics Valuation Appraisal Process 362

Appraisal Buzz

AUGUST 26, 2024

Stick with me: I’ll explain a strategy to develop market-based adjustments throughout the grid. The SCA is a model used to predict a value. The SCA grid includes units of comparison that are imposed upon the analyst. Multivariable regression (MVR) is another valuation model that gets a lot of attention.

Valuation 369

Valuation Appraisal Marketing Market Value 369

Cleveland Appraisal Blog

MAY 26, 2023

In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. They had hired the former real estate professional to value their property for the purpose of a divorce. All three are market-based approaches.

Appraisal 301

Appraisal Real Estate Agent Real Estate Valuation 301

Housing Wire

NOVEMBER 23, 2020

Auction.com ‘s Distressed Market Outlook report for the fourth quarter shows a pick-up in demand for distressed housing, with a 24% increase in completed foreclosure auction volume in September. Daren Blomquist, vice president of market economics at Auction.com, estimates that foreclosures will grow to more than 1.1

Buyers 531

Buyers Real Estate Investors Retail 531

Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). Neutral terms are, however, dynamic depending on what’s going on in the market. Given the prevailing market risk, terms have shifted to favor buyers. At a 3x multiple, FMV would be $600,000.

Sellers 400

Sellers Buyers Brokerage Valuation 400

Housing Wire

MARCH 1, 2024

Prosecutors for the government initially argued that he should owe $69 million to the companies that lent to Live Well and the defunct lender’s estate based on — what was determined in court to be — inflated valuations of interest-only bonds backed by Home Equity Conversion Mortgages (HECMs).

Government 354

Government Legal Fees Market Value Legal 354

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. Appraiser shortage.

Appraisal 313

Appraisal Valuation Real Estate Modernization 313

Housing Wire

AUGUST 10, 2022

“The volume of MSRs in the market continues to be robust in the first half of the year,” said Tom Piercy, managing director of Denver-based I ncenter Mortgage Advisors , which this year through July has traded a total of $180 billion in MSRs — based on the value of the loan portfolios involved. . billion, down slightly from $319.8

Market Value 412

Market Value Mortgage Valuation Lending 412

Housing Wire

AUGUST 31, 2023

For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. In its selling guide announcement , Fannie Mae wrote, “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

Modernization 352

Modernization Appraisal Inspection Valuation 352

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). Question 1: Why do I need to understand business valuation?

Valuation 147

Valuation Business Buyers Market Value 147

Housing Wire

MARCH 24, 2023

An appraisal gap is the difference between what a buyer agreed to pay for a home in a purchase contract and what an appraiser concludes as the fair market value of the property. Fannie Mae recently announced the Value Acceptance + Property Data solution. Well, a cure for appraisal gap anxiety has appeared on the scene.

Appraisal 418

Appraisal Contracts Valuation Tools 418

George Dell

AUGUST 9, 2023

How do you measure “close enough” to a market value? Valuation is numbers. We have standards you know! Editor’s Note: This is Standards, part 3.10 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Some numbers are numbers, like building SqFt.

Valuation 195

Valuation Market Value Marketing Appraisal 195

Housing Wire

NOVEMBER 5, 2024

There are some specific markets where concessions are becoming more common or more of a challenge, but we haven’t really seen any impacts yet. We have to know why some properties could potentially be closing at different price levels, and figure out where market value is in the midst of that,” he said. ”So

Appraisal 324

Appraisal Business Real Estate Agent Real Estate 324

Housing Wire

FEBRUARY 14, 2024

1, the company had lost 45% of its market value. Remote and hybrid work have dampened the prospects — and therefore valuations — of office towers across the country, causing tenants to miss rent payments and banks to write-down the asset values of the collateral tied to the loans they’ve made. By the end of Feb.

Mortgage 404

Mortgage Real Estate Insurance Tenants 404

Housing Wire

JULY 6, 2022

PFSI), which ranks as one of the top five mortgage lenders nationally, are seeking to raise more than $700 million in the debt markets through the sale of notes secured by mortgage servicing rights. Monthly valuations of the MSRs for both offerings will be performed by Incenter Mortgage Advisors , KBRA reports.

Investing 342

Investing Finance Mortgage Valuation 342

Appraisal Buzz

AUGUST 15, 2022

This year, our magazine is loaded with insightful articles ranging on topics such as market value to ANSI standards, and so much more! Make sure you look at our schedule for Valuation Expo – there are plenty of new sessions, speakers, and sponsors this year! Valuation Expo will be held at the Mirage Hotel September 7-9!

Appraisal 195

Appraisal Valuation Market Value Business 195

Cleveland Appraisal Blog

APRIL 11, 2023

The research and analysis that a well-trained professional appraiser can provide you with will include important information above and beyond their opinion of the market value of the property they are appraising. MARKET TRENDS As everyone knows, home sales prices over the past few years were increasing rapidly!

Appraisal 353

Appraisal Market Value Legal Property Appraisal 353

Appraisal Buzz

MARCH 25, 2024

Imperfect though our efforts may be, we must work to untie the knot of each transaction and of the real estate market as a whole. The representative price of this hypothetical interaction (the product of the synthesis) is known as market value. Well…we must synthesize them.

Sellers 379

Sellers Appraisal Real Estate Buyers 379