Appraisers Blogs

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For the term "racial bias".
Neutral, Unbiased, & not an Advocate for any Party 9

Neutral, Unbiased, & Not an Advocate for any Party

Not because they are racist, or because they are biased… but because they feel they can no longer be that “independent, neutral” voice that we have always been counted on to be… The issue of declining an assignment based on the homeowner’s race has come up among appraisers. I believe the core issue is one of Appraiser Independence. How many of us have arrived at a property to have an agent or homeowner make comments that caused us to reconsider whether we should proceed? Comments regarding a “number needed”, comments that seem confrontational, comments that call into question our qualifications...

Appraisal / Appraisal News / Appraisers News

Another Bias Story... A Biased Line of Thinking - AppraisersBlogs 11

A Biased Line of Thinking

This ‘new’ bias story really ticks me off. Click the link below to read it: When My Home Appraisal Came Back Low, I Realized We Need to Change the System (goodhousekeeping.com) It was written by a notable self-promoter, the so-called “America’s Favorite Financial Educator”, also known as “The Budgetnista,” — Tiffany Aliche. I used to be in marketing. Those are clever. Perhaps even memorable. I question the first one, though, as I’ve never heard of Ms. Aliche until seeing the story and researching her. But I’m not black, either, so I guess that’s my problem. Most of the story is...

Appraisal / Appraisal News / Appraisal Organizations / Appraisers News

Truisms - Taxes, Death... and Anti-Bias Training - Appraisers Blogs 8

Truisms – Taxes, Death… and Bias Training

…other states will also modify their appraisal license renewal CE class requirements to include some form of anti-bias training… Folks, I attended the ACTS Conference in Bay St. Louis, MS, sponsored by National Association of Appraisers, last week. While there, enjoying the interactions of ~150 attendees, a primary topic of conversations and presentations was the impending impact to appraisers regarding anti-bias training and bias attitudes. The onslaught of negative news articles, and legislation at state and federal venues was a direct result of the ‘hijacking’ of the Congressional Hearing in 2019 which was supposed to focus on “Appraisal Modernization.” Instead,...

AI / AMC / Appraisal / Appraisal Institute / Appraisal Management Companies / Appraisal News

NHFA-HUD misleading billboard ads 26

Misleading Ads Sow Mistrust

These misleading ads are sowing seeds of mistrust in a time-tested profession. The National Fair Housing Alliance (NFHA) has recently launched a concerning campaign of poster ads, billboard ads, and magazine ads that falsely accuse home appraisers of basing their valuations on the personal characteristics of the homeowners or prospective buyers, rather than solely on the objective merits and features of the property itself. This is a deeply misleading and unjust narrative that undermines the integrity of the appraisal profession, which is founded on the core principle of providing an independent, impartial assessment of a home’s value. Appraisers are highly...

Appraisal / Appraisal News / Appraisers News / HUD / The US Department of Housing and Urban Development / Trending

It’s Just Responsible Journalism! 49

It’s Just Responsible Journalism!

Not reporting complete and accurate information is nothing more than irresponsible journalism!  The local television station WWBT, NBC 12 in the Richmond market is airing a story on Thursday February 22 during the 6 pm News Broadcast, about racial bias in real estate appraisals. We know this is not a new topic and previous stories that have aired have been extremely one sided and not from the appraiser’s perspective. VaCAP was not contacted for information, nor were any appraisers that we know. We have seen the negative impact this type of story has on our profession and we need your...

Appraisal / Appraisal News / Appraisal Organizations / Appraisers News / Trending / Uniform Standards of Professional Appraisal Practice

Let's All Build the Gallows Together 61

Let’s All Build the Gallows Together

Fannie Mae and Freddie Mac have issued a clarion call to all appraisers to pitch in and help build the gallows from which they will hang us all in 2025. The mission is to “modernize” the appraisal profession into a skeleton crew of compliant zombies who will be rubber stamping appraisal reports for $25 each (Source: Voice of Appraisal) from the dark confines of their private offices. “Grab some nails, get your hammer, pick up that saw and let’s build a new gallows… I mean model, that gives lenders everything they want and need to inflate the housing market into...

AMC / Appraisal / Appraisal Management Companies / Appraisal News / Appraisers News / Fannie Mae - Freddie Mac

The New Appraisal Profession – Why bother! 26

The New Appraisal Profession – Why bother!

As long as the new normal is reporting the appraiser when you don’t like the value continues, why bother?  In today’s new and unimproved appraisal atmosphere, any appraiser that does not “hit the number” is open to detrimental consequences. Buyers, Sellers, & Refinancers – The U.S. Government from the top down have provided the media and the public in general with so much toxic misinformation and encouragement that any appraiser doing their job, a job that can lead to lower values than expected, can now be turned to HUD itself, or a state appraisal board for racial bias. So, why...

Appraisal / Appraisal News / Appraisers News / Fannie Mae - Freddie Mac / Trending

The Elephant In the Room: Fannie's Modernization Program 35

The Elephant In the Room: Fannie’s Modernization Program

The Elephant I refer to is simply this: Fannie Mae’s modernization program is going to put a lot of appraisers out of business. It’s all “lender centric”. It’s all about better, faster, cheaper, appraisals (with lots more data) for lenders. As an appraiser, all I see are sticks… no carrots. Nobody wants to talk about the Elephant in The Room. Post COVID 19, business was excellent; fees were high and we profited. High interest rates killed the market and most all of us now are not profiting. Losing money is not sustainable for any business and waiting for the next...

AMC / Appraisal / Appraisal Management Companies / Appraisal News / Appraisers News / Fannie Mae - Freddie Mac

Reality of Today's Appraisal Environment; Discriminatory Falsehood 10

Reality of Today’s Appraisal Environment

Proving discriminatory activity is hard, which is probably one reason HUD is dragging their collective feet in resolving the filed complaints.  The real scourge of what’s been happening to appraisers for the past 5 years (yes, it started prior to the last election) has been revealed by Mr. Isaac Peck, in this article. You really need to read it, perhaps again, if you saw it come through your email on Wednesday October 25. Isaac has allowed me to “re-broadcast” his article. Yes, it’s a ‘sales promotion’ but it contains critical information appraisers need to know about. The first paragraph, contained...

Appraisal / Appraisal News / Appraisal Organizations / Appraisers News / HUD / The US Department of Housing and Urban Development

It’s a Great Time to Leave the Appraisal Profession 170

Leaving the Appraisal Profession

It’s a Great Time to Leave the Appraisal Profession. I can hear the chorus of my fellow appraisers rising up in disagreement with me. I envision many of them screaming, “But I love being an appraiser”! Yeah, I hear you. I loved being an appraiser too. Let’s not consider what we were but what they want us to become. First, ask yourself if you are still making a livable wage. I’m not and instead of blaming myself, I started running the numbers. In, my high value market, 18% of the solds were cash sales. No appraisal required on those! Values...

AMC / Appraisal / Appraisal Management Companies / Appraisal News / Appraisers News / Customary & Reasonable Fees

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