Appraisal Hub

AUGUST 25, 2024

When someone wants to find out how much a property is worth through property appraisal, one of the factors that most influences price is its location. What is a Property Appraisal? A property appraisal is when experts, called appraisers, come to your property and figure out how much it’s worth.

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Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate their clients’ needs. Appraisal fees. Turn times.

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Appraisal Buzz

MARCH 10, 2025

The company, operating in over 26 states, continues to build on its reputation for delivering fast, reliable, and credible property appraisals. In Nashville, Jason Covington, a local resident and seasoned appraisal industry professional, is launching the franchise after years of successful experience running his own appraisal business.

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Housing Wire

AUGUST 18, 2020

The Federal Housing Administration has announced an upcoming release of its FHA Catalyst: Electronic Appraisal Delivery module on the FHA Catalyst platform. This solution will allow lenders to electronically submit, track, and manage single-family property appraisals and will become available to FHA-approved lenders on Sept.

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Housing Wire

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process.

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Housing Wire

JULY 2, 2024

The purpose is to gather feedback on a series of ideas about the market, including consumer experiences of the mortgage process, future expectations and perceptions of the wider market. On a quarterly basis since 2014, the FHFA and the CFPB have sent surveys to borrowers who recently obtained mortgage financing.

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Appraisal Buzz

DECEMBER 14, 2021

Property appraisers don’t dictate what the value is. We merely research and analyze market data to interpret and then report what the market says the value is. Many years ago, an appraiser friend (Ben was his name) asked me to go along on a challenging appraisal assignment to aid in data collection.

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Appraisal Buzz

JULY 1, 2024

These surveys gather feedback on borrowers’ experiences during the mortgage process, their perceptions of the mortgage market, and their future expectations. With the release of the public use file, we invite researchers to help us understand the challenges facing consumers and help us to find ways to improve the market for consumers.”

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Housing Wire

AUGUST 25, 2022

Instant Home Equity, an automated end-to-end digital home equity product for lenders, integrates income, identity verification, title, decision and property appraisal to save time and costs, Blend said in a release this week. trillion in the first quarter, according to the Federal Reserve Bank of St.

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Housing Wire

APRIL 21, 2021

.” “Throughout the COVID-19 pandemic, FHFA has actively monitored the pandemic’s impact on mortgage market participants’ use of the temporary selling policies,” the FHFA said in a release. “Low usage of the flexibilities make the temporary flexibilities no longer mandatory to ensure efficient market function.”

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Housing Wire

JANUARY 14, 2022

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It Until about mid-May of this past year the market was unlike anything we’d ever experienced. in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand.

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Appraisal Buzz

OCTOBER 28, 2024

The data previously included only appraisals of properties where the loan would be acquired by Fannie Mae or Freddie Mac (GSEs). Offering the public access to appraisal data for FHA-insured loans will bolster policymakers’ efforts to identify and address potential inaccuracy, bias, and discrimination in the broader mortgage market.”

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Housing Wire

APRIL 6, 2023

A report commissioned by the Appraisal Subcommittee in 2021 and led by the National Fair Housing Alliance found that the industry has been allowed to regulate itself, a rarity in the heavily regulated housing and mortgage industries. Our analysis finds that the appraisal industry has operated in a relatively closed, self-regulated framework.”

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Housing Wire

JULY 5, 2022

Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process.

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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. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Appraisal Hub

OCTOBER 16, 2024

Understanding the true value of your property can make all the difference when it’s time to sell, buy, or invest. A property appraisal gives you the insights needed to make informed and profitable decisions. This guide will explore the key aspects of property appraisals and help you navigate the process effectively.

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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. They are excellent at marketing. Just think how much more difficult it would have been to flip in a declining market.”

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Housing Wire

JULY 11, 2024

That’s because aspiring appraisers allegedly rely heavily on identifying a friend or family member who is already a licensed appraiser to be their mentor. And, per the Bureau of Labor Statistics 2023 data, the property appraisers and assessors’ occupation was 94.7% White and 0.6%

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Housing Wire

MARCH 5, 2021

At the onset of the pandemic in March 2020, the Federal Housing Finance Agency began easing standards on property appraisals that allowed drive-by and desktop valuations in certain circumstances. This was the first step the FHFA took in combatting the pandemic as it pertained to appraisers.

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Appraisal Hub

OCTOBER 12, 2021

A property appraisal is also known as real estate appraisal and it can help you learn your property’s real market value in Toronto. The company will assign an appropriate property appraiser to take care of the commercial or residential appraisals depending on your requirements.

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Housing Wire

DECEMBER 28, 2020

“The comments we receive will inform how we will modernize appraisals to improve both loan quality and the origination process.”. At the onset of the pandemic in March, the FHFA began easing standards on property appraisals that allowed drive-by and desktop valuations in certain circumstances.

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Housing Wire

JULY 22, 2024

Well established and effective quality control programs contribute to community stability by promoting responsible lending practices and ensuring the accuracy of the data obtained through the property appraisal process.

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Cleveland Appraisal Blog

MAY 9, 2024

GETTING TRENDY (Cuyahoga County Housing Trends) The housing market in Northeast Ohio has remained strong despite the relatively higher mortgage interest rates and affordability issues. The average days on the market for single-family homes was 21 last month, slightly longer than last year. 4% higher last month than a year ago.

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Appraisal Today

SEPTEMBER 27, 2024

Understanding the depth, quality of the water, and type of shoreline is crucial, as these elements directly influence the property’s usability, aesthetics, and long-term stability. The importance of these factors cannot be overstated, and they deserve careful consideration in every waterfront property appraisal.

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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Isn’t that all that appraisers do? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value?

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Appraisal Buzz

MAY 24, 2021

When you calculate a house’s worth, you think about how numerous factors position the property in the current market. This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. These properties are not for owner occupancy.

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Cleveland Appraisal Blog

MAY 26, 2023

The opposing side in one of the cases required that a new valuation be completed by a state-certified appraiser. In the other case, my client’s attorney recommended having their marital property appraised. But the owner felt that a real estate agent could do the same type of valuation as an appraiser.

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Housing Wire

MAY 16, 2024

The subsequent housing market crash sharply reduced that number to an average of about 50,000 originations per year from the late 2010s through 2020. In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009.

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Appraisal Hub

AUGUST 2, 2021

Its location, land size, and the current status of the real estate market in Toronto obviously have a huge impact on the value of your property. But did you know that there are many other elements that can help you get a higher appraisal? Selling your home soon?

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Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Boston Appraisal

OCTOBER 15, 2024

When looking to invest in a property, particularly one that is run down and in need of renovation, there is always a need to define current and potential values.

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Cleveland Appraisal Blog

MARCH 26, 2025

The number of bedrooms desired can vary depending on market factors. While that is the case, there is market acceptance for this window configuration. Appraisers must consider this and value it accordingly. Subscribe If you want to order a residential real property appraisal in Northeast Ohio, click here.

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Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

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Housing Wire

APRIL 8, 2021

In an extremely competive market? Consider an appraisal gap: Adding an appraisal gap to your offer tells the seller that even if the property appraises for less than the purchase price in the contract, you are committing a preset dollar amount to making up the shortfall.

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Appraisal Buzz

SEPTEMBER 20, 2021

As a southern California property appraiser, each year I attend Valuation Expo , the country’s largest trade show for real estate appraisers. It’s an incredible forum for learning, networking, and gleaning insights and forecasts on the future of the real estate market. Realtors and Property Appraisers?

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Realvals

FEBRUARY 10, 2025

Next, we research similar properties that have sold recently. 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.

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Appraisal Buzz

OCTOBER 8, 2021

The Bureau of Labor Statistics projects that job growth for appraisers between 2019–2029 will be 3%, which is on pace for all occupations. Since the real estate market impacts the work of real property appraisers, demand for appraisers can fluctuate from year to year.

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