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- Shannon Slater Blog
- Ryan Lundquist Blog
- WSJ
- Rachel Massey Blog
- Mary Thompson Blog
- Jamie Owen Blog
- Portland Appraisal Blog
- Bryan Lynch Blog
- Tom Horn Blog
- HousingWire Valuation
- Working RE Magazine
- McKissock
- DSNews
- HousingWire Servicing
- Mortgage News Daily
- MReport
- Appraisal Institute
- NAR
- Rob Chrisman
- NAHB
- Consumer Home Value
- NAR - The Voice for Real Estate
- Bill Cob Blog
- Dustin Harris Blog
- NREP
- RAC Blog
- Calypso Blog
Shannon Slater Blog
New Blog Site NewWe have a new site! Thanks to all of you who have subscribed to our blog at DW Slater Appraisal Company Blog. We have switched to a WordPress platform so this will be the new site for our blog. This platform gives us the capabilities of doing more with our blog and we are looking forward to sharing our content on this new site! The old site will remain so that all of our old content will still be available. All new posts will be sent from this site:www.dwslaterco.blog.Please let us know what topics you would like us to cover…
January Newsletter NewEnjoy this month's newsletter that we send to our clients and subscribers.January NewsletterTime just keeps on ticking and we are now well into the first month of 2019. We hope that your new year has started out well. As we have said goodbye to 2018, we can take a look at the year-end stats. The markets in the Dallas- Fort Worth metro area and its surrounding suburbs have been explosive in their appreciation within the past five years. This environment that consists of low inventories, rapid price appreciation and short marketing times is unsustainable. As we have been documenting, North Texas' housing…- Ready or Not- It's Another Year NewIs it really another year already? Is there something magical that happens when the ball drops in Times Square (or an hour or 2 or 3 for those of us not in EST)? No- other than it is symbolic of time passing us. It happens whether we want it to or not. I personally think that the New Year is a great time to look back and reflect on the prior year - good and bad. Then look forward to the new year. Focus on some things that could be different A time when just a bit of reflection can be…
Ryan Lundquist Blog
- My blog is 10 years old today It’s been ten years. I started this blog on February 20, 2009. I can’t believe it. The real estate market was way different then and so was my life. I have two things on my mind today. 1) THANK YOU I’m so grateful for this past decade. I’ve had a blast and I’ve learned so […]
- The players in the market & normal… NewWho are the players in the market? Who is buying and selling? Who is coming? Who is going? These are questions we have to ask to grasp a local market. And for real estate professionals, knowing who the players are helps us serve clients well and sometimes even make future business plans. Well, let’s talk […]
- How do we value a house with…What do appraisers do when there is an enormous non-permitted addition? Imagine a 1,300 sq ft house with a 1,000 sq ft addition. What the? Let’s talk about this. Here are some things to consider: THE SHORT VERSION: A lack of permits causes uncertainty in real estate Buyers usually expect a price discount Appraisers need […]
WSJ
Rachel Massey Blog
- For my appraiser friendsI wrote this piece for WorkingRE as I figured the reach would be great there. Seems it has had limited reach as well, so am pressing it here too. Private appraisal work What is important to remember is that people who use our services directly normally have little experience with the appraisal process, so we … Continue reading "For my appraiser friends" The post For my appraiser friends appeared first on annarborappraisal.
- Monthly market snapshotMixing up the way I do the monthly report a bit. In addition to the normal information about the absorption rates and where activity is as of a certain date, I have also included a two-year summary of price changes in each area. Hope that you all find this interesting, and as always, if you … Continue reading "Monthly market snapshot" The post Monthly market snapshot appeared first on annarborappraisal.
- Is the sky falling?Is the sky falling? As an official geek, I really like looking at what is going on in the market by numbers. One simple way to look at this is through a one-year data run that moves forward one month at a time. This is an annualized monthly trend, and it helps to eliminate … Continue reading "Is the sky falling?" The post Is the sky falling? appeared first on annarborappraisal.
Mary Thompson Blog
- What do Appraiser's do after they leave…What do Appraiser's do after they leave my home? Share with your Sellers as they need to know what goes on behind the scenes. Thank you for stopping by!
- Realtors and Appraisers...We both face one huge…There has long been an issue of relationships between Realtors and Appraisers and many times that relationship has been adversarial, because Realtors are trying to sell homes, get buyers into homes and get to the closing table to earn a living.Appraisers are seen as one of the obstacles to making this happen! Remember our sole purpose is to protect the Lender from lending risks and in turn, protect the Buyer from overpaying on a home. We have no reason to "Kill Deals" nor do we want to. Sure there are plenty of stories about BAD Appraisers and Appraisal Reports, but…
- Lanier Appraisal Service interviewed by WDUNYours Truly (Lanier Appraisal Service) interviewed again at WDUN Radio in Gainesville, GA this morning. So much fun!FB Post: "Another fantastic radio show talking appraisals and Real Estate with Kim Waters - Norton Realtor. Thanks for the invite to the show Kim and Tracy Tesmer (show host). — with Tracy Tesmer and Kim Waters."We discussed Zillow ( a hot topic), whether Appraisers want the homeowner there during the Appraisal appointment, Comparable Sales selection, how Appraiser's determine square footage, etc. The hour flies by so fast we could have talked for another hour easily. NEXT Time. We have been invited back next year for more shows!
Jamie Owen Blog
- Yes, There Is Mold in Your Home!…How does mold remediation work? When does mold impact the market value of a home?
- From Taking Comp Pictures to No Inspection…Appraisals are going from full inspections to no inspection in some cases. Is that a good idea?
- At What Point Does an Appraiser Need…When does an appraiser need to possess geographic competency?
Portland Appraisal Blog
- An Appraiser’s First Impressions of Clear Capital’s…It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. While most participants in the industry will concede an appraisal is still the gold standard for collateral valuation, they increasingly see the appraisal as something to be steered around or avoided altogether. An array of products/alternatives are being bandied in lieu of … Continue reading "An Appraiser’s First Impressions of Clear Capital’s AVM"
- Using the R Programming Language to Produce…As I mention in the bio for this blog, one of the most influential individuals in my professional development as an appraiser is George Dell. He is a nationally recognized valuation expert who teaches a method he calls “Evidence Based Valuation©.” (If you’ve never taken a class from George, stop reading this blog post, go … Continue reading "Using the R Programming Language to Produce Correlation Matrices & Correlograms for Residential Appraisal Reports"
Bryan Lynch Blog
- Inventory Increase – 4 Market Graphs and…We all generally know that the real estate market is slowing. But that statement alone is vague. As a professional, we need to know more specifics about our market to convey to our clients. Let’s take a closer look at some data. This is only... The post Inventory Increase – 4 Market Graphs and Sharing Tips! appeared first on Advantage Appraisals.
- Happy New Year! Pay Attention to the… NewHappy New Year! I hope everybody is refreshed as the new year starts rolling. I am hearing nationally and locally more and more news that the market is slowing. While that is stating the obvious, I think its imperative to embrace the market changing and... The post Happy New Year! Pay Attention to the Market! appeared first on Advantage Appraisals.
Tom Horn Blog
- 6 Steps Agents Can Take When There… NewWhat If There Are No Comps To Price A Listing? Sometimes when speaking at real estate agent meetings I will be asked what an agent can do when there are no comps to price a listing. Finding good sales can sometimes be difficult but it has to be done in order to accurately list a […] The post 6 Steps Agents Can Take When There Are No Comps To Price A Listing appeared first on Birmingham Appraisal Blog. Related posts: 6 Appraisal tips for agents in the new year 6 Things agents should consider when picking comps for their listings
- The Fallacy of Price Per Square Foot…A Radio Show and a Highway 280 – Chelsea Market Update I recently had the opportunity to be on Genny Williams’ radio show “Life Along 280 & Chelsea: Discussing Your Property Values!” on Kool 96.9. This show is focused on real estate along the Highway 280 Corridor, which includes the Chelsea area. Being a long […] The post The Fallacy of Price Per Square Foot and a Highway 280 – Chelsea Real Estate Update appeared first on Birmingham Appraisal Blog. Related posts: Real Estate Market Update: Chelsea Park- Chelsea, Alabama Birmingham’s Top 10 Luxury Home Neighborhoods A look at the…
- What Is A Bifurcated Appraisal And Why… NewA Closer Look At The Bifurcated Appraisal They go by various names including hybrid and bifurcated appraisal but they have one thing in common: they are being touted as the next best thing since sliced bread. Why are lenders so excited about them? They’ve been promoted for lowering the cost and shortening the turn around time […] The post What Is A Bifurcated Appraisal And Why Should I Care? appeared first on Birmingham Appraisal Blog. Related posts: Get Ready For Lower Quality Appraisals Is it the appraiser’s job to support value? Your Appraisal May Not Be As Accurate As You Think
HousingWire Valuation
- Technology expands property valuation options for lendersEstimating the value of real estate impacts all parties involved — lenders, investors, insurance, the buyer and seller of the property. Picking a valuation method is a matter of the utmost importance for every mortgage professional.
- Consolidated Analytics grows offerings by acquiring Carrington…Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment, and advisory services for the real estate finance industry, announced Monday that it acquired Carrington Property Services, a provider of third-party REO asset management, rental management, and valuation services.
- Introducing Pulse, HW's new column for industry… NewEver since HousingWire launched more than a decade ago, our objective has been to keep Moving Markets Forward. And we thought, what better way to do that than to create a platform where the housing industry’s best and brightest share their ideas on issues affecting the market? And so, we’d like to introduce you to Pulse, an invitation-only column penned by industry thought leaders. No noise. Just expertise.
Working RE Magazine
- OREP Risk Management Q&A: How to Disclose… NewThe study indeed showed elevated levels of a known carinogen. Now, what am I supposed to do with this information relative to the apprasails I do in this subdivision? The post OREP Risk Management Q&A: How to Disclose and Adjust for Carcinogens first appeared at Working RE Magazine.
- The Final Frontier New“One of the best courses that I have had in 17 years!” -Amy H. Supporting Your Adjustments CE (7 Hrs.) Education designed to help you appraise worry-free and earn higher fees. Author’s Note: Private appraisals aren’t really the “final frontier” for appraisers but it is a good metaphor. Private work for courts and […] The post The Final Frontier first appeared at Working RE Magazine.
- Persistent Appraisal Failures: Part 1 NewAnother phase of Fannie Mae's Collateral Underwriter is scheduled to be implemented shortly. This will place additional pressures on appraisers to "get it right." The post Persistent Appraisal Failures: Part 1 first appeared at Working RE Magazine.
McKissock
- Millennials Show Rising Interest in Appraisal Profession,… NewIs the appraisal profession about to see a surge of newcomers? The industry sees a major spike in Millennial exam takers. The real estate market sees a significant drop in home sales competition. The ASB announced last week that it will be issuing a Fourth Exposure Draft of changes to USPAP for the 2020-21 edition. […] The post Millennials Show Rising Interest in Appraisal Profession, Changes to USPAP, and More Appraisal News appeared first on McKissock Learning.
- 3 Best Ways to Get New Appraisal… NewAccording to the 2019 Appraisal Income Guide, high earners in the industry excel at finding new clients. Appraisers who are pros at obtaining new clients and soliciting business earn over $51,000 more per year than appraisers who fail in this area. So, what are some of the best ways to get new appraisal customers? We […] The post 3 Best Ways to Get New Appraisal Customers appeared first on McKissock Learning.
- ASB to Issue Fourth Exposure Draft on… NewAt its public meeting in Scottsdale AZ on February 8, 2019, the Appraisal Standards Board of The Appraisal Foundation announced that it will be issuing an additional exposure draft of changes to USPAP for the 2020-21 edition. The Third Exposure Draft was issued on December 12, 2018. One of the many changes proposed in this […] The post ASB to Issue Fourth Exposure Draft on Changes to USPAP for 2020-21 appeared first on McKissock Learning.
DSNews
- The State of Default Servicing in a… NewAn expert shares his insights on how mortgage originations and default servicing are changing in a low-volume environment, and how a focus on automation can help improve customer interactions. The post The State of Default Servicing in a Low-Volume Environment appeared first on DSNews.
- Examining Third-Party Purchasers’ Role in Foreclosure Proceedings NewAn expert highlights the established elements for a court when considering whether a third party’s acquisition renders an appeal moot in residential mortgage foreclosures. Click through to learn more. The post Examining Third-Party Purchasers’ Role in Foreclosure Proceedings appeared first on DSNews.
- How Millennials Are Moving the Housing Market NewHere’s what a new study revealed about the demographic that’s growing into the largest group of homebuyers and their preferences for down payments and loans. The post How Millennials Are Moving the Housing Market appeared first on DSNews.
HousingWire Servicing
- Who would dare buy Ditech's reverse mortgage… The mortgage space is in the throes of a "truly terrible period of restructuring," wrote R. Christopher Whalen for the Institutional Risk Analyst, and the fate of Ditech Holdings serves as a critical example.
- HomeStreet Bank moves to sell off almost… NewAfter struggling to keep up with the mortgage business’ new reality of lower refinance originations due to higher mortgage interest rates, HomeStreet Bank is plotting a mass exodus from the mortgage business. The bank announced Friday that it is planning to sell off its entire retail mortgage operation, which includes 72 home loan centers in five states.
- Ditech files for Chapter 11 bankruptcy for…It appears that the financial troubles of Ditech Holding Corp., the nonbank formerly known as Walter Investment Management, are far from over. Last year, the company emerged from Chapter 11 bankruptcy after completing a financial restructuring plan that eliminated $800 million in corporate debt. But that wasn’t enough to put the nonbank’s troubles behind it. Now, just 14 months after filing for Chapter 11, the company is filing for Chapter 11, again.
Mortgage News Daily
- Digital, Pricing Products; Retail Digital/Program News, loanDepot's… NewWatch out for spam emails asking for your phone number. Seems like they are trying to get past the two-factor authentication that sends a six-digit code to cell phones. And please watch out for rogue capital markets people in the lunchroom microwaving grapes just for the thrill of it. Hint: it has to do with skin & water. And speaking of water, a new law in Texas may block your access to it if you want to be part of sprawl. (Drinkable water, if you didn’t know, is a resource that will only grow in scarcity and importance; most in…
- Sales Jobs; Construction, Marketing Products; Impressive Agency… NewHuh? Radian was recently in takeover talks? I only know what I read in the newspapers! Sometimes I wonder if everyone isn’t in M&A talks to one degree or another, and rumors continue to swirl about a publicly-held bank in the Northwest spinning off its mortgage division. There’s a lot going on in our biz, especially with Freddie & Fannie in the present & future – more below. Even my cat Myrtle is silent, ignoring my questions about what she’s been up to lately. With the new integration between LBA Ware’s CompenSafeTM and the enterprise digital mortgage solution from SimpleNexus, loan originators can now…
- Marketing Products; Lender Legal News; OB's Index,… NewAmazon accounts for nearly 50% of the ecommerce activity in the United States. With that kind of delivery service, it isn’t hard to see why malls are suffering. Which is why, all across the nation, malls are being re-developed, re-purposed, whatever you want to call it, into mixed-use and housing projects. Projects in Phoenix, Cincinnati, and St. Petersburg are all moving forward. I hope that lenders offer products that are tailored to this type of condo and mixed-use housing. Nations Direct Mortgage is excited to introduce its new dedicated Non-QM Help team! “With the Non-QM market expected to explode to over $35B in 2019, we…
MReport
- What Is Driving the Increase in Refinances? NewEllie Mae’s latest report looked into the factors that contributed to the rise in refinances and the outlook for home purchases in traditionally busier spring months. Here’s what it revealed. The post What Is Driving the Increase in Refinances? appeared first on theMReport.com.
- The Housing Habits of Millennials NewFrom their preferred down payment amount to the type of mortgage loans they opted for, a study compared how millennials approached homebuying compared to other generations. Here’s what it found. The post The Housing Habits of Millennials appeared first on theMReport.com.
- The Best and Worst State Capitals to… NewFrom affordable housing to the quality of life, Americans look for many factors before choosing which state capital to reside in. So which state capital meets all their criteria? The post The Best and Worst State Capitals to Live in appeared first on theMReport.com.
Appraisal Institute
- Amazon Drops Plans for New Campus in… NewAmazon announced Feb. 14 that it was scrapping plans for a headquarters campus in New York City following backlash from union leaders, activists and lawmakers, Reuters reported. Amazon would have received $3 billion in incentives for opening a site in Long Island City. The e-commerce giant had not m [...]
- CFPB Releases List of Rural and Underserved… The Consumer Financial Protection Bureau on Feb. 12 released its 2019 list of rural and underserved counties, which those entities can use to determine if they are exempt from certain appraisal and ability-to-pay rules.
- Court Sides With Zillow, Affirms Zestimate not… The U.S. 7th Circuit Court of Appeals ruled Feb. 12 that Zillow is correctly marketing its Zestimate as an estimate and not an appraisal, GeekWire reported. A group of Illinois homeowners sued Zillow claiming that the Zestimate tool was marketed as being equivalent to an appraisal and was undervalui [...]
NAR
- NAR Comments on NCUA AppraisalsNAR submitted comments to the National Credit Union Administration (NCUA) in response to a proposal to raise the threshold for requiring an appraisal in commercial real estate transactions to $1,000,000 from the current level of $250,000. NAR believes an increase to $500,000 would be appropriate at this time.
- Requests for Reconsideration White PaperThe Appraisal Foundation released a document examining best practices for requests to appraisers for a reconsideration of a completed appraisal.
- Proposed Increase to Residential Appraisal ThresholdThe Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively "the Agencies") released a proposed rule that would increase the current threshold for residential real estate transactions requiring an appraisal to $400,000.
Rob Chrisman
- Dec. 18: Co. for sale, LO jobs;… New“Rob, I’m no stranger to bribes.” (I am not going to say which mortgage banking production manager jokingly made that tongue-in-cheek statement.) We trust that Fed officials are not subject to bribes or political influences. A poll of 60 economists shows an almost unanimous expectation that the Federal Reserve will announce an interest-rate increase tomorrow. […]
- Dec. 17: LO jobs; CRM, digital products;… New“Sunk cost:” “a cost that has already been incurred and cannot be recovered and is excluded from future business decisions because the cost will be the same regardless of the outcome of a decision.” Bought a new headquarters, or paid a big signing bonus for a group that continually sends in bad loans? Sunk cost. […]
- Dec. 15: AI mortgage predictions, borrowers who… NewComputers are everywhere, and there are plenty of people who’d like to get into yours. (Of course, security is not confined to computers. I was on the phone last night with a friend, and he told me that a few years ago his identity was compromised and several credit cards were stolen but that was […]
NAHB
- Lower Interest Rates, Rising Consumer Confidence Boost… NewBuilder confidence in the market for newly-built single-family homes rose four points to 62 in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment. In the aftermath of the fall slowdown, many... Read More ›
- Interest Rates on Construction Loans Showed Rising…Interest rates on loans for residential acquisition, development, and construction (AD&C) generally increased throughout 2018, according to results from NAHB’s fourth quarter AD&C survey. For the fourth quarter, builders and developers responding to the survey reported a median interest rate that varied from 5.75% on loans for pre-sold single-family construction, to 5.88% on loans for land development, to 6.00% on loans... Read More ›
- Serious Delinquency Rate Continues its DeclineThe most recent results of the National Delinquency Survey produced by the Mortgage Bankers Association (MBA) show that, as of the 4th quarter of 2018, mortgage servicers serviced 29.9 million non-government-insured mortgages, also known as conventional mortgages. Beginning with the first quarter of 2017, the MBA had discontinued its long-held classification of conventional loans into the prime and subprime categories,... Read More ›
Consumer Home Value
- 3 Tips to Help Increase your Home… When considering home improvements there are two important rules to bear in mind. The first is that cost does not equal value and the second is that real estate ... The post 3 Tips to Help Increase your Home Value in 2019 appeared first on ConsumerHomeValue.com.
- Do I Need to Clean My House…Originally posted at DWSlater Blog on July 13, 2015 Perhaps there is a contract on your house. You are in the middle of packing. Boxes are everywhere and you ... The post Do I Need to Clean My House Before the Appraiser Comes? appeared first on ConsumerHomeValue.com.
- DIY Adventures – Popcorn Ceiling Removal. When we bought our house 13 years ago, I don’t think hating popcorn ceilings was even a thing. I don’t even remember looking at the ceilings as our perky ... The post DIY Adventures – Popcorn Ceiling Removal appeared first on ConsumerHomeValue.com.
NAR - The Voice for Real Estate
- The Voice for Real Estate 95: Mortgage… NewTo protect 30-year, fixed-rate mortgages, Fannie Mae and Freddie Mac should be given new charters that turn them into utilities with private shareholders and federal backing for catastrophic losses, NAR says. The association's proposal was introduced at a policy forum it hosted in early February.
- The Voice for Real Estate 94: Shutdown…A review of IRS guidance on rental income and the 20% income deduction. Plus, Vince Malta speaks before the House Financial Services Committee.
- The Voice for Real Estate 93: Fraud,… NewNAR leaders met with the FBI on wire fraud in home sale transactions. REALTORS® won on two federal issues: a revamped Waters of the U.S. rule, and a provision in a new farm law. A new report shows REALTORS® are involved in their community, and NAR provides 2019's economic outlook.
Bill Cob Blog
Dustin Harris Blog
- Being an Appraiser with a DisabilityHere are some thoughts on something I know nothing about, but want to get some answers. How does the ADA (Americans with Disabilities Act) affect real estate appraisers? This act ... Read More
- COD At The Door?In the past, it was common for appraisers to collect their fees directly from the borrower at the time of the property visit (i.e., at the door). I would take ... Read More
- Appraiser Diet I don’t know about you, but I eat out for lunch nearly every day. We appraisers are on the road a lot, and eating out is typically the easiest ... Read More
NREP
- Has the CFPB Been Neutered? NewThe post Has the CFPB Been Neutered? appeared first on National Real Estate Post.
- How to Beat – It’s Too Expensive… NewThe post How to Beat – It’s Too Expensive and Rates are Too High appeared first on National Real Estate Post.
- The Power of the Yellow EnvelopeThe post The Power of the Yellow Envelope appeared first on National Real Estate Post.
Calypso Blog
