Appraisers Blog

APRIL 23, 2024

Markets change from decade old housing to mid current century build from block to block. Incorrect mail was received at the home daily. The 2 locations well they share multiple zip codes yet Trenton is a decades year old capital of New Jersey and Hamilton is a suburb mostly built mid-century. mailing address. Which is UAD compliant.

Appraisal 97

Appraisal Marketability 97

Appraisers Blog

FEBRUARY 21, 2023

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals.

Appraisal 105

Appraisal Finance 105

Appraisers Blog

APRIL 12, 2024

Is the home owner running a spice production business out of the house? The seed, germination, growth, reproduction, pollination or seed spreading stages? Is this an agricultural land appraisal? Arrakis, that spice? Is that legal use? Was all the lot seasoned, or just a portion? The chief amc appraiser?

Appraisal 98

Appraisal 98

Appraisers Blog

FEBRUARY 28, 2024

It was a big difference from buying a home in Freeport versus Merrick. I bought my first house in Freeport. Minorities can now afford the higher prices of homes. The homes that are closer in proximity to a subject property given the same similarities in style, condition and size were given emphasis. I was not biased.

Appraisal 98

Appraisal Marketability 98

Appraisers Blog

JUNE 24, 2023

It is the hope of the VA that if the Veteran wants to purchase a house, they will be be able to do it, provided they are not paying too much for it. However, did you read the home inspection report? But they are not home inspectors, loan officers or your agent. And you bought the house sight unseen.

Appraisal 98

Appraisal Finance 98

Appraisers Blog

JANUARY 17, 2024

New scope of work; All refinance requests require home owners to acquire multiple storage units and move everything out of their house in order for the appraiser or the property data collector to review the house in an ‘unbiased manner’ Lenders are going to regret not standing up for appraisers if this plays out much further.

Appraisal 75

Appraisal Marketability 75

Appraisers Blog

DECEMBER 28, 2023

A steady stream of ever higher home sales price also keeps that increased tax money flowing which is where the real incentive lies. Will someone please answer the question; What exactly is wrong with lower housing prices? In reply to KK. On the flip side, finally the institutional investors will have more reo stock to work with again.

Appraisal 98

Appraisal Marketability 98

Appraisers Blog

FEBRUARY 23, 2024

One of the many things that are interesting to me is how in some cases the complaint is that the appraiser didn’t consider houses in other parts of the neighborhood, or even other neighborhoods, and stayed too close to home when choosing comps. If the houses on the street support a higher value, they should’ve been used.

Comps 75

Comps Appraisal 75

Appraisers Blog

JUNE 24, 2023

The appraiser is not a home inspector. Your home inspector should have pointed these things out. You closed on the house, lived in it for 2 years. I think the home inspector and your agent may not have been thorough. Why would your agent tell you to pay what you did if the house was in rough shape?

Appraisal 76

Appraisal 76

Appraisers Blog

APRIL 4, 2024

House appraisers are uncommonly unaware of the changes in the 80s when many appraisers were MBAs and invented programs that were easily manipulated by “businessmen” who injected their influence but we don’t use that analysis for house appraisals. All lies and sting operations revealing traps for appraisers!

Appraisal 75

Appraisal 75

Appraisers Blog

AUGUST 3, 2023

2nd appraisal more in line with sold Homeland s/f homes- price per sqft/GLA in the immediate neighborhood. No question the defendants violated the federal Fair Housing Act, the Equal Credit Opportunity Act, the Civil Rights Act of 1866, and Maryland fair housing laws. st appraisal is the tainted valuation.

Appraisal 76

Appraisal 76

The Guardian M&A

FEBRUARY 7, 2024

More consolidation at the top of the industry hardly seems likely to offer much encouragement to smaller developers who built 39% of new homes back in 1988 but these days do about one in 10. Continue reading.

Marketability 67

Marketability 67

Viking Mergers

FEBRUARY 6, 2023

A Forbes Business Council article cites a few key reasons why this industry is booming: The rise of the housing market – U.S. That’s because the area welcomes many new residents each year, and they need quality home services. DIY burnout” – People tried using pandemic-lockdown time to handle home repair tasks on their own.

Technology 130

Technology Marketability 130

Appraisers Blog

AUGUST 8, 2023

How is Ms Fudge going to explain these neighborhoods being taken over by illegal aliens who then repair the homes and the values go UP because people are willing and able to pay for them!! Meanwhile… how does this help housing AFFORDABILITY???

Appraisal 75

Appraisal 75

Appraisers Blog

JULY 6, 2023

renters earn half or less than half of the income they would need to buy a median-priced starter home. One can’t throw a stick in residential housing without crossing a corporate rental offering. [link] Key Points / In 41 of the 100 largest secondary cities in the U.S.,

Equity 75

Equity Marketability Appraisal Compliance 75

Appraisers Blog

AUGUST 1, 2023

So will that require that I make an adjustment for houses in a “commercial” neighborhood because they are near a ttt? In 1986 the NAR instructed all Realtors to stop including the square feet of a house in their listings, because their figure was wrong and Realtors were being sued. So, let us all use this figure.

Appraisal 98

Appraisal Comps 98

Appraisers Blog

JANUARY 11, 2024

Like corporate investors are the problem why people don’t have houses and can never get a decent deal on a fixer upper or old home anymore. If they invest in development they want high density stack and pack housing too, no more backyards or room to breathe for anyone.

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Appraisers Blog

FEBRUARY 6, 2024

As the appraiser, you have permission to be there and get into that vacant home. I’ve had police called on me a few times getting into reo vacant homes. You know you’re in the mix, when the walls are brown from roach presence and you can taste whatever is polluting the home, in the air.

Appraisal 98

Appraisal 98

LaPorte

SEPTEMBER 26, 2023

(authored by RSM US LLP) Housing prices set a record in July, according to the S&P CoreLogic Index, rising by 0.87% on a seasonally adjusted basis. August's new home sales, however, dropped by a sharp 8.7%, erasing the entire increase from July, which was revised up to an 8% gain from 4.4%.

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Appraisers Blog

JANUARY 24, 2023

I recently took on a measure job for a client who was questioning the square footage of their home. The couple bought the house at the height of the market last year. They paid 12% over list price to get the house. The owners are now underwater by more than $100,000… I’m sad and I’m mad!

Appraisal 98

Appraisal Marketability 98

Law 360 M&A

JANUARY 16, 2024

Other litigation related to various ventures focused on house-flipping, house-cleaning, home-building, funerals and hospital workers' scrubs. Delaware's Court of Chancery tuned in to several music-related disputes last week, with two settlements involving Sirius XM and a new case over the late musician Prince's estate.

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Appraisers Blog

FEBRUARY 23, 2024

Everyone’s home will now be their personal atm machine. All losses will be covered by taxpayers and write downs against an ever expanding fiat money supply.

Appraisal 75

Appraisal Equity 75

Appraisers Blog

APRIL 13, 2023

High interest rates and falling home values mean borrowers north of the border aren’t able to refinance out of these toxic mortgages. Home Valuations Are Being Subverted At the crossroads of it all is a campaign to weaken or eliminate valuations.

Banking 98

Banking Appraisal Finance 98

Appraisers Blog

JANUARY 5, 2024

Always a possibility though, they need a place to bury the inflationary effects of quantitative easing and housing for some time made for a workable depository. Same thing with housing, prices would come down if there was less red tape. Just like it’s a real shame so many investors played housing and people can’t buy.

Marketability 98

Marketability 98

Appraisers Blog

JUNE 24, 2023

It is the VA appraiser’s responsibility to ensure the VA buyer is not paying more for the home than it is worth. To answer your question, yes, there were homes that were more comparable to the comparables that were used. He clearly disregarded the VA guidelines for looking at homes within 1 mile. Am I incorrect on that?

Appraisal 76

Appraisal Finance 76

Appraisers Blog

JANUARY 4, 2024

You want to buy a home? says you can pay it back… the house is yours. Cash will be gone sooner than later. The eve is upon us when government and corporations will know every penny you have and how/where/what you spend it on. Push a button. For awhile. Doomsday appraiser talk? Yep…… it was a decent run.

Appraisal 98

Appraisal Technology 98

Appraisers Blog

FEBRUARY 9, 2024

I have been stalked, my life threatened, threatened with lawsuits over value, gotten injured and incurred medical bills over the condition of some houses. Shall we even mention the number of times we have gotten ill because someone lied about the true reason they were home; every appraiser eventually becomes a germaphobe.

Appraisal 75

Appraisal Banking 75

Harvard Corporate Governance

NOVEMBER 21, 2023

I will say that Michelle would be jealous to see that she has a six-month old at home and she doesn’t look tired. That’s why after leaving the White House, Michelle and I started the Obama Foundation, to inspire and empower and connect those of you who are going to be driving change for years to come. Hello, Chicago!

Technology 117

Technology 117

Appraisers Blog

JANUARY 10, 2024

About 2 years before the crash of ‘08, I ran across a company out of DC called “Metro Grapevine” and “Metro Dream Homes.” They promised if you bought your home through their program, they’d pay it off in seven years and you never had to make a payment. It was a Ponzi scheme marketed by a black to blacks only. It was by invitation only.

Appraisal 75

Appraisal Marketability 75

Appraisers Blog

MARCH 29, 2023

Waiving appraisal requirements on residential homes could erode consumer protection, stall attempts to create diversity in the profession… The recent announcement from Fannie Mae that they will waive the requirement for residential home appraisals has caused quite a stir in the industry.

Appraisal 98

Appraisal Banking Marketability Finance 98

Financial Times M&A

AUGUST 17, 2023

Plus, a private equity investor looks to sell its stake in scandal-hit UK children’s care homes and Soho House makes a play in Washington

Equity 52

Equity 52

Appraisers Blog

MARCH 15, 2023

Despite all their bells and whistles, these automated valuation models still rely on inaccurate public records and often come up with wildly inaccurate home values. The fact is, Fannie… House Measurement by Property Data Collector Gone Wrong The lender allowed an unlicensed property data collector give bad data to the appraiser.

Appraisal 98

Appraisal 98

Appraisers Blog

MARCH 7, 2022

The study also shows the appraisal was the LOWEST scored item on the list of discriminatory practices… On February 23, 2022, NAR published the “2022 Snapshot of Race and Home Buying in America” report. The study examines homeownership trends and challenges by race and location to explain current racial disparities in the housing market.

Comps 111

Comps Appraisal Marketability 111

Financial Analyst Insider

AUGUST 1, 2023

If you’re in the market to sell your home in Bristol, the process might initially seem daunting. From selecting an estate agent to making your The post How To Sell Your House Fast In Bristol appeared first on Financial Analyst Insider.

Marketability 52

Marketability 52

Appraisers Blog

JANUARY 11, 2024

Agents would buy horrible properties cheaply, do the cheapest Home Depot cosmetic job then offer it over market value from their holding company. Those appraisers used much larger homes in great condition in superior locations. They lost what little money they had and their house. It was so sad.

Comps 75

Comps Appraisal Marketability 75

Harvard Corporate Governance

APRIL 26, 2022

For example, the real estate company Zillow made headlines in 2021 when it decided to shut down its “Zillow Offers” business, and lay off 25% of its workforce, due in part to failures of its house-buying algorithm to accurately price homes.

Technology 222

Technology Compliance 222

Appraisers Blog

AUGUST 17, 2023

Every time I hear the race baiters decry their ‘billions of lost market value’ with their housing interests, I immediately think of the trillions of dollars funneled to investors instead.

Equity 98

Equity Marketability 98