declining market - Appraisers Blogs https://appraisersblogs.com/tag/declining-market/ Appraisal News and Tips for Real Estate Appraisers Wed, 08 Apr 2026 02:58:06 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 declining market - Appraisers Blogs https://appraisersblogs.com/tag/declining-market/ 32 32 52046035 Coronavirus Will Cause Our Next Recession https://appraisersblogs.com/coronavirus-will-cause-our-next-recession-another-meltdown https://appraisersblogs.com/coronavirus-will-cause-our-next-recession-another-meltdown#comments Wed, 04 Mar 2020 13:30:19 +0000 http://appraisersblogs.com/?p=23645 A Black Swan has Appeared – Coronavirus will cause Our Next Recession In a previous post entitled The Black Swan published in August, 2019, I wrote, “though more common now, especially in Australia, Europe, and Asia, black swans (Cygnus atratus) were once thought to be almost extinct… so rare that a sighting of one was considered to be an unexpected, improbable event. Today, The Black Swan is a metaphor for an unpredictable, unforeseen, random event, typically one with extreme consequences. Today’s best technology cannot predict their cause or emergence. The only thing we know for certain is that someday, somewhere,...

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]]> https://appraisersblogs.com/coronavirus-will-cause-our-next-recession-another-meltdown/feed/ 25 23645 The Black Swan – Another Meltdown https://appraisersblogs.com/white-swan-predicts-another-meltdown-next-recession-inevitable https://appraisersblogs.com/white-swan-predicts-another-meltdown-next-recession-inevitable#comments Tue, 06 Aug 2019 12:30:47 +0000 http://appraisersblogs.com/?p=22494 Another Meltdown – The Inevitable Outcome of a White Swan: Why would we allow another Financial Meltdown to occur? …When revenues and profits decline, lenders and financial institutions throw caution to the wind and relax their once prudent lending policies in favor of more aggressive, inclusive policies… Hindsight has taught us that there is no serious consequence to imprudent lending policies. Perhaps a multi million dollar fine is assessed but that is just the small cost of doing business for some violators… Though more common now, especially in Australia, Europe, and  Asia, black swans (Cygnus atratus) were once thought to...

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]]> https://appraisersblogs.com/white-swan-predicts-another-meltdown-next-recession-inevitable/feed/ 10 22494 Is Race Baked into Big Data? https://appraisersblogs.com/race-baked-into-unregulated-big-data https://appraisersblogs.com/race-baked-into-unregulated-big-data#comments Mon, 01 Jul 2019 12:30:11 +0000 http://appraisersblogs.com/?p=22268 Chicago appraiser and friend (even though she calls me “fancy pants”) writes a stellar explanation of what an appraiser actual does – and what one of the panel experts got completely wrong because he didn’t understand our role in the mortgage process: Greetings Congresswoman Waters, Chairman Clay, Ranking Member Duffy, Ranking Member Gooden, and the Members of the Housing Subcommittee: My name is Maureen Sweeney, and I am a real estate appraiser. I grew up in a real estate family and lived through the savings and loan crisis of the 1980’s, which had a profound impact on my life. I...

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]]> https://appraisersblogs.com/race-baked-into-unregulated-big-data/feed/ 18 22268 Baby or Bath Water? And Is it Time to Take Back USPAP? https://appraisersblogs.com/time-2-reclaim-uspap/ https://appraisersblogs.com/time-2-reclaim-uspap/#comments Fri, 24 Feb 2017 13:30:02 +0000 http://appraisersblogs.com/?p=13278 About half of AICPA members don’t believe in USPAP… When I first heard that “they” were trying to do away with the Appraisal Practices Board (APB) of the Appraisal Foundation (TAF), I tried to keep an open mind. I also wondered who “they” are. Did the Appraisal Institute (AI) finally get a sympathetic ear in Congress? Was it preemptive action by the Board of Trustees in anticipation of budget cuts by the new administration? By the way, what does the APB do? I certainly had it wrong. I thought they helped develop the Advisory Opinions (AOs)! To be candid the...

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]]> https://appraisersblogs.com/time-2-reclaim-uspap/feed/ 31 13278 TAF Suspends Most APB Operations https://appraisersblogs.com/TAF-suspends-APB-operations https://appraisersblogs.com/TAF-suspends-APB-operations#comments Fri, 27 Jan 2017 13:30:42 +0000 http://appraisersblogs.com/?p=13116 APB was based on the housing crisis of 2008… Appraisers, The news release below was issued on Jan. 26, 2017. I for one, appreciate what’s been done so far by the Appraisal Practices Board to help define and explain certain aspects of our work, and make those items available to anyone who wanted to download their advisories. I am also of the opinion that the initiation of the APB was one of the elements that lead to the Appraisal Institute resigning from The Appraisal Foundation, an action that was not entirely positive for AI members, or the ‘image’ of AI...

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]]> https://appraisersblogs.com/TAF-suspends-APB-operations/feed/ 6 13116 Appraisal Practices Board: A Free Resource for Appraisers https://appraisersblogs.com/appraisal/appraisal-practices-board-a-free-resource-for-appraisers/ https://appraisersblogs.com/appraisal/appraisal-practices-board-a-free-resource-for-appraisers/#respond Tue, 24 Jul 2012 12:30:29 +0000 http://appraisersblogs.com/?p=3148 The genesis of the Appraisal Practices Board was the collapse of the housing market in 2008… Congressional Hearing Provides Opportunity to Clarify Purpose – FOR IMMEDIATE RELEASE June 29, 2012. Washington, DC – The Appraisal Foundation (TAF), a non-profit education organization dedicated to professional valuation, testified yesterday before the U.S. House of Representatives, Committee on Financial Services, Subcommittee on Insurance, Housing and Community Opportunity. The hearing, entitled Appraisal Oversight: The Regulatory Impact on Consumers and Businesses, focused on the Appraiser Regulatory System in place today and whether there is need for modifications or improvement of this system. One issue discussed...

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]]> https://appraisersblogs.com/appraisal/appraisal-practices-board-a-free-resource-for-appraisers/feed/ 0 3148 Differences Between Neighborhood and Market Areas & Analysis https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/ https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/#comments Wed, 11 Jul 2012 12:30:33 +0000 http://appraisersblogs.com/?p=3094 Neighborhood is broad and general in nature… When examining appraisal reports, it is commonly noted that the Neighborhood section of the 1004 appraisal report contains data for sales of properties that are comparable and competing to the subject, rather than for sales of all homes of the same category (i.e., single family detached). Professional appraisal reference works, such as Appraising Residential Properties, 4th Edition (published by Appraisal Institute) address the differences between a “neighborhood” and a “market area.” Further, various Fannie Mae selling guides and announcements, and the HUD 4150.2 handbook contain guidance for appraisers regarding the analysis of neighborhood...

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]]> https://appraisersblogs.com/appraisal/differences-between-neighborhood-and-market-areas-analysis/feed/ 1 3094 Statement of Frank Gregoire (NAR) Before Appraisal Oversight Hearing https://appraisersblogs.com/appraisal/statement-of-frank-gregoire-nar-before-appraisal-oversight-hearing/ https://appraisersblogs.com/appraisal/statement-of-frank-gregoire-nar-before-appraisal-oversight-hearing/#comments Thu, 28 Jun 2012 17:37:01 +0000 http://appraisersblogs.com/?p=3013 NAR believes that lenders should be prohibited from retaining the services of an AMC where the lender maintains any level of ownership. Frank Gregoire‘s written testimony to the United States House of Representatives Committee on Financial Services Subcommittee on Insurance, Housing and Community Opportunity before the Appraisal Oversight Hearing … APPRAISAL ISSUES AND CHALLENGES There are a myriad of circumstances and issues working to hinder the recovery of the nation’s housing market. Among them, and often overlooked, are those related to the credible valuation of real property. A credible valuation provided by a licensed or certified professional 1) ensures the...

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]]> https://appraisersblogs.com/appraisal/statement-of-frank-gregoire-nar-before-appraisal-oversight-hearing/feed/ 3 3013 Residential Appraising in a Declining Market https://appraisersblogs.com/appraisal/apb-valuation-advisory-3-residential-appraising-in-a-declining-market/ https://appraisersblogs.com/appraisal/apb-valuation-advisory-3-residential-appraising-in-a-declining-market/#comments Wed, 16 May 2012 12:30:24 +0000 http://appraisersblogs.com/?p=2829 APB Valuation Advisory #3: Residential Appraising in a Declining Market The Appraisal Foundation is pleased to announce that the Appraisal Practices Board (APB) has adopted “APB Valuation Advisory #3: Residential Appraising in a Declining Market.” The APB is an independent Board of The Appraisal Foundation, which is responsible for developing voluntary guidance on recognized valuation methods and techniques. APB Valuation Advisory #3: Residential Appraising in a Declining Market, includes guidance on: How Should an Appraiser Define a Declining Market? What Databases are Available to Support a Market Trend Conclusion? What are Some Alternative Value Definitions? Defining a Market vs. a...

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]]> https://appraisersblogs.com/appraisal/apb-valuation-advisory-3-residential-appraising-in-a-declining-market/feed/ 1 2829 The Dawn of a New Era in Appraising https://appraisersblogs.com/the-dawn-of-a-new-era-in-appraising/ https://appraisersblogs.com/the-dawn-of-a-new-era-in-appraising/#comments Tue, 01 Mar 2011 15:02:40 +0000 http://e-appraisersdirectory.com/appraisersblogs/?p=38 A new frontier in appraising is upon us… Approximately 30 years ago the automobile industry began to introduce computers into cars and since that time they have never been the same. What was once considered a rather simple procedure – tuning up your engine or even changing the spark plugs – has become an almost impossible project for anyone, except the highly trained automobile technician. Today nearly every aspect of your car is aided or controlled in some manner by a computer. Digital radios with CD players, climate control systems, cruise control and pollution control devices are just a few...

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