Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Appraisal Buzz

DECEMBER 9, 2024

By applying these methods, appraisers can provide reliable, accurate valuations that reflect current market conditions and ensure the appraisal’s credibility and acceptance. Authors note: I may use time adjustments and market conditions adjustments interchangeably.

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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 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?

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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

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Appraisal Buzz

FEBRUARY 24, 2025

At its core, real estate appraising involves the due diligence necessary to form a credible opinion of the market value of a particular property. This requires a deep understanding of the appraiser’s local real estate market, as well as of the physical, legal, and economic factors that influence property values in it.

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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.

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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 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.

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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).

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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

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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. However, I believe that they’ve put too much value in their “values” Valuation is not their expertise.

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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.

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Appraisal Buzz

MAY 20, 2024

However, markets fluctuate widely, particularly in high-demand markets with excellent schools or near desirable neighborhoods. Difficulty Finding Comps You might have difficulty finding comparable properties to base your valuation on in a buyer’s market. In a buyer’s market, such figures are rarely that perfect.

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Housing Wire

AUGUST 28, 2023

In spite of the growing popularity of automated valuation models (AVMs), nearly all appraisers conducted their work in person, while 81% did so through desktop/drive-by appraisals, according to the survey. Other challenges Appraisers were much less likely to cite high demand for appraisals as a challenge compared to the year-earlier period.

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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.

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Housing Wire

MAY 25, 2021

In the traditional appraisal model, we ask appraisers to perform every single component of the valuation process. But there’s growing evidence that non-appraisers can perform high-quality data collection that ultimately empowers the appraiser to focus on what they do best: analysis, research, and determining market value.

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Housing Wire

NOVEMBER 7, 2023

The market has since cooled off, but taxes are going up. 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. The assessed value is often significantly lower than the appraised market value.

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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).

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Appraisal Buzz

FEBRUARY 17, 2025

Applying each of these tests properly is essential to the valuation process. In many litigation situations where appraisers values are far apart, its due to H&BU analysis differences. Order doesnt matter for the first two tests, but its essential for the last two.

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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?

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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. As property values soar and housing accessibility becomes more challenging, understanding the role of these valuations in shaping real estate decisions is more critical than ever.

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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).

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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. Well, a cure for appraisal gap anxiety has appeared on the scene.

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Appraisal Buzz

AUGUST 26, 2024

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. The cost of 200 square feet is $20,000, but the market does not pay 100% of cost.

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Appraisal Partners Blog

MARCH 6, 2025

They determine the fair market value of real estate assets, which is necessary for various purposes, including tax calculations, distribution of assets to heirs, and probate proceedings. An estate appraisal is a professional valuation of real estate owned by a deceased person (the decedent). The valuation methodology used.

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Housing Wire

OCTOBER 12, 2023

When we go through the brokerage valuation process, the product is Fair Market Value (FMV). This is essentially the home price that a willing homebuyer would pay a seller. Interestingly, though, FMV isn’t always the final purchase price in a lot of the deals out there.

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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.

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Housing Wire

NOVEMBER 5, 2024

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 This includes identifying any differences between homes where the seller pays for the buyer’s agent’s compensation, versus the ones where the buyer pays out of pocket. “We

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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

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Appraisal Buzz

OCTOBER 3, 2022

According to the Uniform Standards of Professional Appraisal Practice (USPAP), the rules that all professional appraisers are required to abide by, appraisers must take into consideration all market trends and other influences on property value in their valuation opinions. USPAP Rule 1-3 (d) (v) makes this clear.

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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.

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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. This could lead to price reductions, longer time on the market, or even losing a sale altogether.

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Realvals

FEBRUARY 10, 2025

These comparables or “comps” help determine the home’s value in the current market. The appraiser then weighs all factors to arrive at the appraised value. This figure represents the property’s fair market value. They are often required by lenders when someone applies for a mortgage.

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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!

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Housing Wire

JULY 6, 2022

In the case of Fannie Mae, via an acknowledgement agreement, it has granted PFSI “the right to certain amounts based on sale proceeds, if the MSRs are sold by Fannie Mae, or appraised market value, if the MSRs are retained by Fannie Mae,” the KBRA bond-rating report states.

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Housing Wire

NOVEMBER 23, 2020

Steve Price, senior vice president of trustee operations at Auction.com, said this is likely because of the shift to vacant or abandoned properties that often come with more deferred maintenance – but the average price relative to estimated full market value increased to a 6.5-year year high in September.

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