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- Portland Appraisal Blog
- Jamie Owen Blog
- Ryan Lundquist Blog
- WSJ
- Tom Horn Blog
- Rachel Massey Blog
- HousingWire Valuation
- Mary Thompson Blog
- Shannon Slater Blog
- Bryan Lynch Blog
- Working RE Magazine
- McKissock
- DSNews
- HousingWire Servicing
- Mortgage News Daily
- MReport
- Appraisal Institute
- NAR
- Rob Chrisman
- NAHB
- Dustin Harris Blog
- NAR - The Voice for Real Estate
- Bill Cob Blog
- NREP
- RAC Blog
- Calypso Blog
Portland Appraisal Blog
Far Southwest—Neighborhood Analysis of Single-Family Residential Homes…The Far Southwest neighborhood is just that—far southwest! It represents one of the periphery neighborhoods of the City of Portland. The neighborhood is largely dominated by the Portland Community College Sylvania Campus. The campus was opened in 1968 and has approximately 28,000 students enrolled each year. Appraisers endeavor to take the measure of a neighborhood … Continue reading "Far Southwest—Neighborhood Analysis of Single-Family Residential Homes (August 2019)"
Lake Oswego—Neighborhood Analysis of Waterfront Single-Family Residential…Oswego Lake is a scenic and picturesque former channel of the Tualatin River. It is a natural feature, but has been enlarged due to a dam to its present size of ~395 acres. Many homes rim the lake as well as the smaller bays connected to it. Some of the properties surrounding Oswego Lake are … Continue reading "Lake Oswego—Neighborhood Analysis of Waterfront Single-Family Residential Homes (July 2019)"- South Portland—Neighborhood Analysis of Single-Family Residential Homes…The South Portland neighborhood is one of Portland’s waterfront communities, bordering the Willamette River. It is connected to the east side of the city via four bridges and boasts some of the city’s modern skyscrapers—including the John Ross Tower, Portland’s largest residential structure. Shopping, fine dining, numerous parks, recreation, OHSU with its aerial tramway, and … Continue reading "South Portland—Neighborhood Analysis of Single-Family Residential Homes (July 2019)"
Jamie Owen Blog
- Zoning In The Appraisal ProcessWhat is zoning? Why is it important in the development of value? Find out in this week's article.
- Appraising Split & Bi-Levels…Where The Ground Meets…When it comes to appraising split-level and bi-level dwellings, trying to calculate the gross living area (GLA) can be tricky. If you’re trying to figure out what the gross living area of one of these types of homes is, there are some important things to consider. For example, where the ground meets the exterior wall… Continue reading Appraising Split & Bi-Levels…Where The Ground Meets the Wall
- Appraiser vs. AVM vs. Zestimate…Ten PropertiesHow accurate are AVM's, including Zillow's Zestimate? In this article, I compare 10 properties I appraised with their values.
Ryan Lundquist Blog
- Can you use brand new sales from… NewI get asked this question all the time. “What do you do for comps when a home is only one year old? Can you compare it to brand new homes from the builder?” Here are a few things on my mind. Builders vs you: It’s important to step back and understand that builders are able […]
- A massive garage & paying too much…I saw a massive garage while on vacation that I just have to share. I also have some quick thoughts on focusing too much on prices. Those are the two things on my mind. Then for those interested let’s dive deep into the market. I took almost two weeks off and part of my vacation […]
- The invasion of tech companies in real… NewTech companies want a piece of the real estate pie. Amazon. Zillow. Opendoor. Rex. It seems like every week there’s a new company announcing its venture into the game. Here are some things swirling through my mind as I think critically about this trend. 1) Stress & real estate hold hands: Tech companies talk about […]
WSJ
Tom Horn Blog
- How Do Appraisers Qualify Comps?Why You Should Qualify Comps The comparable selection process is more than just picking the three highest sales in the neighborhood and then taking their average. I’ve heard that 90% of doing an appraisal is picking the right comps and I tend to agree. I think it’s important for those in the real estate business […] The post How Do Appraisers Qualify Comps? appeared first on Birmingham Appraisal Blog. Related posts: Hey, if the market is so hot why didn’t my home appraise? Why Zillow “zestimates” aren’t accurate What’s the deal with FREE home appraisals?
- Common Questions Agents Ask The AppraiserConfused About Appraisals? Check Out These 11 Common Questions Agents Ask The Appraiser This week I thought I would take a look at some of the questions I get asked by real estate agents. I hope that the answers that I have included here will help other agents as well. If you have a question […] The post Common Questions Agents Ask The Appraiser appeared first on Birmingham Appraisal Blog. Related posts: Three questions an appraiser will not answer during the appraisal inspection Top 5 appraisal problems and solutions for homeowners Do smaller homes bring down the value of larger…
- Do Birmingham Home Appraisers Set Local House… NewHow Do Birmingham Home Appraisers Come Up With Value? I’ve recently read in the news and seen people’s comments that question an appraiser’s influence on home values. In one recent congressional hearing a participant accused appraisers of being racist and holding down home values in predominantly black neighborhoods. I also read comments from an individual […] The post Do Birmingham Home Appraisers Set Local House Values? appeared first on Birmingham Appraisal Blog. Related posts: Who owns the appraisal report? Is it the appraiser’s job to support value? 4 Appraisal ethics rules Zillow may be breaking when they give your zestimate
Rachel Massey Blog
- What is a comparable sale?What is a comparable sale? A sales package left for the appraiser is welcome. Most appraisers appreciate the agent’s insights into the sales they used as comparable choices when they priced the home for sale. This is particularly the case if the agent had some knowledge of pet odors or peculiarities with one of the … Continue reading "What is a comparable sale?" The post What is a comparable sale? appeared first on annarborappraisal.
- Why price per square foot is not…Often, buyers and sellers are under the impression that it is simple to price a house by its square footage. Nothing is further from the truth, unless of course, all the comparable properties considered are within a couple square feet of each other and have the same quality and condition and are in the same … Continue reading "Why price per square foot is not the appraisers choice" The post Why price per square foot is not the appraisers choice appeared first on annarborappraisal.
- Probate – proceed with cautionProbate can be a complicated process for the personal representative, who likely only handles this type of situation once or twice in a lifetime. For some people, such as the attorney, or the agent who handles many estate related sales, the process makes sense. To the individual tasked with being the representative however, they likely … Continue reading "Probate – proceed with caution" The post Probate – proceed with caution appeared first on annarborappraisal.
HousingWire Valuation
- Appraisals may soon not be required on…Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase the threshold at which residential home sales require an appraisal for the first time since 1994.
- Valuations: New tech, new approaches NewSweeping changes periodically realign the mortgage industry in part or as a whole. They may come after a seismic economic shift, a spate of new regulatory requirements resulting from a financial crisis, or, on the positive side, a groundbreaking technological innovation.
- Expert: Tech firms are slow to develop… NewTechnology providers are slow to enter and develop new tech for the home valuations space, leaving appraisers lacking when it comes to new technology options.
Shannon Slater Blog
- Geckos & Summer Housing- July Newsletter NewIt’s that time of year when the heat can really begin to bother you. Many parts of the country have been experiencing a heatwave. I am so very thankful to Willis Carrier, inventor of the modern-day air conditioner. I have lived in Texas my entire life but could not do it without AC! That being […] The post Geckos & Summer Housing- July Newsletter appeared first on DW Slater Appraisal Blog.
- June Newsletter NewBuyers are gaining more leverage in the DFW market. Supply and marketing time are increasing. Check out the market updates in this newsletter. The post June Newsletter appeared first on DW Slater Appraisal Blog.
- May Newsletter- from Sports Car to Tractor NewAs we are now at the end of May, school is out and we are entering into summer. We hope that you had a meaningful and enjoyable Memorial Day weekend. The DFW markets are hot but flat. The spring and summer seasons are typically the hottest selling seasons compared to fall and winter. 2019 is […] The post May Newsletter- from Sports Car to Tractor appeared first on DW Slater Appraisal Blog.
Bryan Lynch Blog
- Recent Mortgage Interest Rate Drops…With recent mortgage interest rate drops, there has certainly been an influx of refinance work available. I know this to be true as I’ve been solicited from some companies that I normally don’t complete much or any work for. The ability to refinance has been... The post Recent Mortgage Interest Rate Drops… appeared first on Advantage Appraisals.
- Lake of the Pine 2 bedroom vs.…Below is a recent graph configured for a recent appraisal assignment in Lake of the Pines. The subject is a true 2 BR and wanted to visually see the market of how 2 BR compared to 3 BR SFRs. This is helpful as there were... The post Lake of the Pine 2 bedroom vs. 3 bedroom SFRs (1000-1800sf SFRs) appeared first on Advantage Appraisals.
- 3 Year Sales Graphs: Alta/Dutch Flat/Emigrant GapAttached are two recent sales charts for Area 12305 (Alta/Dutch Flat/Emigrant Gap). Due to less annual sales in this market area, it’s important to look at data over longer periods of time. Regarding the segmented market (1300-2300sf, 1.5 ac or less), there is definitely an... The post 3 Year Sales Graphs: Alta/Dutch Flat/Emigrant Gap appeared first on Advantage Appraisals.
Working RE Magazine
- Appraisers – Bifurcated Appraising New Bifurcated Appraisals by Isaac Peck, Editor Leaders within the appraisal community have long prepared appraisers that “change is coming,” and that the role of the professional appraiser is going to evolve in the coming years. Today, that change is here. Fannie Mae has been extensively testing a new bifurcated valuation approach that breaks the […] The post <b>Appraisers</b> – Bifurcated Appraising first appeared at Working RE Magazine.
- De Minimus Raised NewSince 1994, an appraisal is required for any federally-related residential real estate transaction at or above the de minimus threshold of $250,000. Now, 25 years later, the de minimus has finally been raised to $400,000. The post De Minimus Raised first appeared at Working RE Magazine.
- Illinois Board Issues Warning on Hybrid Appraisals NewThe issue today is how to handle assignments where an unlicensed third party reports to the licensed appraiser. The post Illinois Board Issues Warning on Hybrid Appraisals first appeared at Working RE Magazine.
McKissock
- Hilarious Encounters from Real-Life Property AppraisersIf you’ve been in the appraisal business for a while, chances are, you’ve come across some unexpected or funny things during property visits. We recently asked our real estate appraisal community on Facebook, “What’s the FUNNIEST thing you’ve encountered during an on-site appraisal inspection?” The answers we got from real-life property appraisers range from surprising […] The post Hilarious Encounters from Real-Life Property Appraisers appeared first on McKissock Learning.
- Encouraging Advice for New Appraisers NewNew appraisers just starting out in the profession, and those who are thinking of getting into the business, should not be scared off by tales of woe from older real estate appraisers. A panel of industry professionals recently told McKissock that they heard the cries of “This profession is doomed; stay away!” and ignored them. […] The post Encouraging Advice for New Appraisers appeared first on McKissock Learning.
- Stress Management Tips and Other Resources for…Real estate appraisers are no strangers to work stress. Many own their own businesses and work for themselves from home—which has its upsides and downsides. Appraisers sometimes complain of working long hours, struggling with time management, or feeling overwhelmed by too many tasks. If you are experiencing these difficulties, it may be time to hire […] The post Stress Management Tips and Other Resources for Overworked Appraisers appeared first on McKissock Learning.
DSNews
- The Week Ahead: Changes in Home Values… NewThe newest CoreLogic Case-Shiller Index will be released this week, noting home price growth and mortgage rates across the country. Here's what else is happening in the Week Ahead. The post The Week Ahead: Changes in Home Values and Mortgage Rates appeared first on DSNews.
- Protecting Homes from Wildfire NewSome of the most destructive wildfires in history occurred in 2018, and homes in wildfire-prone areas are still at risk. What do homeowners, investors, and insurers need to know about wildfires? The post Protecting Homes from Wildfire appeared first on DSNews.
- What to Make of the QM Patch… NewThe AEI Housing Center discuss the future of the QM patch, more specifically what can be seen, and what is not foreseeable. AEI states that foreseeable results from the patch are higher home prices, and the unseen are borrowers who would not have needed the Patch, had the home-price inflation caused by the Patch not ... The post What to Make of the QM Patch Moving Forward appeared first on DSNews.
HousingWire Servicing
- Mortgage prepayments jump 58% as refinancings surgeMortgage prepayments jumped 58% in July from a year ago as cheap rates drove refinancings, according to Black Knight. The prepay volume was up 26% from the prior month. The lowest mortgage rates in almost three years drove more Americans to refinance home loans. The average U.S. rate for a 30-year fixed mortgage fell to 3.6% in the first two weeks of August, the lowest level since November 2016, according to Freddie Mac.
- [Pulse] With mortgage rates and bond yields…Mortgage rates and bond yields have plummeted recently. As a result, the economics of mortgage lending have shifted. In this guest contribution, former MBA CEO David Stevens asks whether the time is right for lenders to consider retaining the mortgage servicing rights on their loans.
- ATTOM: Number of zombie foreclosures has been… NewAt the height of the housing crisis, tens of thousands of homes were abandoned during the foreclosure process, with many borrowers simply walking away from homes because they had nothing to lose financially on their homes. But a new report from ATTOM Data Solutions shows that the number of zombie foreclosures has decreased dramatically in the last few years.
Mortgage News Daily
- Sales, LO jobs; DPA, Pricing, Recruiting Products;… NewJapan's government bonds could soon join Germany's in having negative yields on all maturities. Japanese debt has gone negative out to 15 years, and buyers are turning to 30- and 40-year bonds to get positive yields. Falling bond yields and minimal interest rates are prompting European banks to consider the unprecedented step of offering home loans at negative interest, which would effectively pay customers for taking them while charging more on savings deposits. Denmark's Jyske Bank is offering -0.5% 10-year loans, and others might follow. Fortunately the economy in the United States is stronger, and doing much better, than the…
- POS, Broker, Marketing Products; Trends in Customer… NewThank you to everyone who wrote yesterday correcting me that Hawai’i’s 1959 statehood is 60 years old and not 50. I know it’s not the case, but sometimes it seems like admitting Hawai’i was the last thing Congress agreed on. In these days of gridlock, most members of Congress exhibit a sort of learned helplessness, waiting for someone else to come up with an idea so that they can come out against it. Maybe those in Congress should view their constituents as their customers. In lending, when are we going to reach the point where lenders will bid on giving…
- Customer Retention, Broker Products; Yield Curve and… NewCongratulations to Hawaii which became a state fifty years ago today. We’ve had plenty of economic cycles, small and large, in fifty years, although in general rates have been coming down since 1981. And we’ve had a flat or inverted U.S. yield curve for several months. Inverted yield curves don’t cause a recession: Two consecutive quarters of negative growth is the technical definition of a recession. Nine major economies have entered a recession or are on the verge of one, adding to fears the U.S. could see a downturn. The nine economies are Argentina, Brazil, Germany, Italy, Mexico, Russia, Singapore,…
MReport
- The Week Ahead: Home Price Growth Measured NewU.S. home prices rose by 0.1% in May month over month, and the next FHFA Home Price Index will detail how prices shifted in June. Here's what else it look out for in the Week Ahead. The post The Week Ahead: Home Price Growth Measured appeared first on theMReport.com.
- Analyzing the QM Patch NewThe AEI Housing Center discuss the future of the QM patch, more specifically what can be seen, and what is not foreseeable. AEI states that foreseeable results from the patch are higher home prices, and the unseen are borrowers who would not have needed the Patch, had the home-price inflation caused by the Patch not ... The post Analyzing the QM Patch appeared first on theMReport.com.
- Poll: Trade War with China to Impact… NewA report from Reuters reveals that the trade war between the U.S. and China may stop some of the growth of the U.S. housing market from additional interest rate cuts by the Federal Reserve, including just a modest outlook for price increases. The report states that the current estimate of a 3% increase for residential ... The post Poll: Trade War with China to Impact Housing Market appeared first on theMReport.com.
Appraisal Institute
- US Office Sector Has Momentum; Second Quarter… NewThe U.S office market experienced significant growth during the second quarter, with vacancy dropping to an 18-year low of 12.2%, according to real estate services firm CBRE, National Real Estate Investor reported Aug. 14. The market absorbed 17.1 million square feet, bringing the year-to-date total [...]
- AI Opposes Banks' Residential Appraisal Threshold IncreaseFederal banking regulators on Aug. 20 approved a final rule to increase the residential appraisal threshold from $250,000 to $400,000, effective after publication in the Federal Register, which should happen within days.
- FHA Passes Condo Approval Rule to Promote… NewThe Federal Housing Administration on Aug. 14 published a final regulation establishing new condominium approval rules, notably allowing some individual condo units to be eligible for FHA mortgage insurance even if the condo project is not FHA approved. The regulations, which take effect Oct. 15, al [...]
NAR
- NCUA Increases Commercial Appraisal ThresholdThe National Credit Union Administration (NCUA) Board a final rule increasing the threshold below which appraisals are not required for commercial real estate transactions from $250,000 to $1,000,000.
- North Dakota Appraisal Requirement Waiver DecisionThe Board of the Appraisal Subcommittee held a public meeting to determine action on a waiver of appraiser credentialing requirements for federally related transactions under $500,000 for 1-to-4 family residential real estate transactions and under $1,000,000 for agricultural and commercial real estate transactions throughout the State of North Dakota for a period of not less than five years.
- NAR Policy is All About Appraiser IndependenceThe chair and co-chair of NAR’s Real Property Valuation Committee made a few remarks on video about NAR’s appraiser independence policy last week during the 2018 REALTORS® Legislative Meetings in Washington.
Rob Chrisman
- Aug. 24: State law changes; letters about… NewComp? Cyberattacks? Changes in underwriting philosophy? A look through my email inbox indicates they’re on folks’ minds this week. And let’s throw in some state-law changes. Just because Congress is on recess doesn’t mean states are idling. Compensation It’s a rare thing when someone doesn’t know what they “should be” earning. Few companies work in […]
- Aug. 23: Sales, LO jobs; CRA, DPA,… NewJapan’s government bonds could soon join Germany’s in having negative yields on all maturities. Japanese debt has gone negative out to 15 years, and buyers are turning to 30- and 40-year bonds to get positive yields. Falling bond yields and minimal interest rates are prompting European banks to consider the unprecedented step of offering home […]
- Aug. 22: Ops, LO jobs; POS, broker,… NewThank you to everyone who wrote yesterday correcting me that Hawai’i’s 1959 statehood is 60 years old and not 50. I know it’s not the case, but sometimes it seems like admitting Hawai’i was the last thing Congress agreed on. In these days of gridlock, most members of Congress exhibit a sort of learned helplessness, […]
NAHB
- Large Revision for June New Home Sales NewThe news in today’s newly-built home sales report was found in the estimates for June, rather than July. Contracts for new, single-family home sales decreased in July by 12.8% to a 635,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. However, that decline came off an significantly upwardly revised June estimate,... Read More ›
- Multifamily Construction Data: 2nd Quarter 2019An elevated rental share of multifamily construction is holding typical apartment size below levels seen during the pre-Great Recession period. As multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. According to second quarter 2019 data, the average per unit square footage of multifamily housing construction starts was 1,103, off from... Read More ›
- Apartment and Condominium Confidence Rebounds to Positive…Builder and developer confidence in the multifamily market strengthened in the second quarter of 2019, according to the National Association of Home Builders’ (NAHB) Multifamily Market Survey (MMS). The MMS consists of two indices measuring supply and demand in the multifamily market: the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI). In the second quarter, the MPI jumped... Read More ›
Dustin Harris Blog
- Customer Service Detective WorkAs appraisers, we are also, first and foremost, business owners. And as business owners, it is our responsibility to know if our services are well received. Feedback is crucial in ... Read More
- Are Reports “Intellectual Property”Recently one of my Mastermind students asked about Intellectual Property. He told me that he’d had an associate leave his firm to go solo. Later, he was reading one of ... Read More
- Empowering Your EmployeesI have noticed a common theme that occurs when I am out of the main office; for the most part, they are able to figure things out on their own ... Read More
NAR - The Voice for Real Estate
- The Voice for Real Estate: August 5,…The REALTOR® profile is getting larger on Chicago's Magnificent Mile, foreign purchases of U.S. homes dropped significantly in the last 12 months, and young real estate professionals are getting soaked for a good cause. Hear these stories and more in our show for the week of Aug. 5, 2019. This week's video is sponsored by the REALTOR Benefits® Program.
- The Voice for Real Estate: July 8,…REALTORS® mentor REALTORS® in community service, major investors to RPAC get a special edition of REALTOR® Magazine, and a change to the VA home loan program: Hear these stories and more in our show for the week of July 8. This week’s video is sponsored by the REALTOR Benefits® Program.
- The Voice for Real Estate Special Edition:… NewREALTORS® told Capitol Hill lawmakers about the key issues that impact our industry and our hometowns. Also: RPAC celebrates its 50th anniversary, the Board of Directors elects NAR’s 2020 Leadership, That’s Who We R investment is renewed, and President Trump addresses REALTORS® in Washington. This week’s video is sponsored by the REALTOR® Benefits Program.
Bill Cob Blog
NREP
- AVM or Appraisal – Who Wins?AVM or Appraisal – Who Wins? The post AVM or Appraisal – Who Wins? appeared first on National Real Estate Post.
- CFPB Says No Appraisal Needed on Homes…CFPB Says No Appraisal Needed on Homes $400k and Under The post CFPB Says No Appraisal Needed on Homes $400k and Under appeared first on National Real Estate Post.
- Fannie Says More Rate Cuts on the…Fannie Says More Rate Cuts on the Way CLICK HERE to ATTEND BRIAN’S WEBINAR The post Fannie Says More Rate Cuts on the Way appeared first on National Real Estate Post.
RAC Blog
Calypso Blog
- Reliance Letter Minefield an appraiser real-world problem……by Francis X Finigan August 2019 Save this letter in your file; it will help protect you from liability and enhance your professional image. While not typical, there are enough requests for “reliance letters” that they are not uncommon. A mortgage broker may receive a copy of the appraisal report and want to submit it […]
- Appraisal Standards Board Considering Creating Standards for…The ASB could consider moving forward with a discussion draft or an exposure draft by late 2019. TAF once a draw a bright line between appraisals and evaluations. Background: “Federal Deposit Insurance Corporation, the Board of the Federal Reserve System, and the Office of the Comptroller of the Currency issued an advisory to clarify supervisory […]
- Dodd-Frank, Natural Disasters, and What You Need…By: Francis X (Rich) Finigan © Calypso Continuing Education™ 2019 What do you know about mold? Where are the alligators lurking, as flood waters abate? Do you think you have third party liability to borrowers? If you think “no”, think again and keep reading, because there are the alligators, along with their attorneys, lurking in […]
