CategoryAppraisal/Valuation

Droning On About Data Cancer In Your Comps

Appraisal Waivers Are No Free Lunch Data Cancer Is A Serious Problem Fannie Mae Is Going Rogue The ability to do an appraisal for Fannie Mae or Freddie Mac is getting rarer these days now that the GSEs are waiving appraisals on the majority of transactions. Despite drones being everywhere and the GSEs being in receivership, the latter is desperate for higher loan volumes to feed their origination...

MLS Systems Need Some Clear Cooperation From Appraisers

NAR Is Toxic Entity Per DOJ Actions So The MLS Industry Is On Their Own Local Appraisers Need To Convey To Their MLS The Fields Needed To Fairly Value Purchase Prices Recorded Will Vary Significantly Based On How Commissions Are Handled Since the SitzerBurnett decision in 2023 and the NAR Settlement in 2024, the real estate brokerage world has been largely devoid of leadership. Multiple Listing...

The Housing Market Can Be Murder

• A Brutal Murder Seemingly Had No Impact On The Market Value Of The Home
• Stigma Can Have A Fleeting Influence On Values If Supply Is Tight
• No Clear Understanding Why Some Communities Respond More Than Others

Bank AVMs Are As Wildly Inaccurate As A Zestimate – But Will Be Regulated As Legitimate Values

AVMs are incredibly inaccurate and are being misused in property valuation AVMs don't consider the condition of a home The mortgage industry's push toward automation has reduced valuation accuracy AVM or Automated Valuation Models have been incorrectly seen as the humanless way to value property. The technology has been drifting into mortgage lending reliance for more than a decade because it has...