Saturday , 25 January 2020

Features

Are Baby Boomers Derailing the Housing Market?

This article was originally posted by The MReport and can be found here. An editorial by the Los Angeles Times looks at the possibility of the housing market being derailed by the Baby Boomer generation. Freddie Mac reported that there are more than 67 million U.S. homeowners are over the age of 55—owning about two-thirds of all U.S. home equity. Additionally, 63% …

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Appraisal Etiquette – Dotting I’s & Crossing T’s

For an appraiser, the report is the product. It is the culmination of your experience, expertise, and skills, coalescing in a multi-page work of art and science. The appraisal report, and all that goes into developing it, after all, is what your client pays for. Moreover, untold numbers of people who have the ability to affect your career and practice …

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An Interview with the New AI President – Jefferson Sherman

On January 1st, 2020, Jefferson Sherman began his term as the new president of the Appraisal Institute. With over 45 years of experience as a real estate professional, we believe Jefferson Sherman will be a great leader for this upcoming year. We sat down with Jefferson to discuss the Appraisal Institute and what we can expect from their association and …

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Appraisal Creep – An Interview with John Wake

Appraisal values should not be influenced by the price of the listing, but could a bias exist that proves otherwise? “Does the typical appraisal protect you from overpaying for a house?” asks John Wake in his article, The Hidden Reason Why House Prices Are Too High (And Income Growth Is Too Low) — Appraisal Creep. We sat down for an …

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2020 Valuation Visionary

We are pleased to announce the Valuation Visionary award winner for 2020 is Cristy Conolly, Chief Appraiser and Senior Vice President of Quality Control and Compliance at Nationwide Appraisal Network (NAN). Each year, the Collateral Risk Network presents the award in recognition of the person who demonstrates leadership, innovation, professionalism, and one who strives to better the industry for their …

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An Open Letter to Fannie Mae

By way of introduction, I am a 30+ year residential appraiser, AQB Certified USPAP Instructor, and former nine-year member of the State of IL Appraisal Board (where I served two years as Chairman). I come to you today with an urgent concern regarding appraisal advice contained in the Multiple Parcels article in the December 2019 issue of “Appraiser Update” from …

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Business Resolutions for the New Year

Everyone knows the classic New Year’s Resolutions – exercising, healthier eating habits, and saving more money. What about the New Year’s resolutions for your business? This is the perfect time for business owners and those who are self-employed to pause and reflect on this past year. What worked for the company? What should be changed? What is the overarching goal …

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The Ghosts of Mortgages Past

I am haunted by the mortgage crisis. It is estimated that 10 million people lost their homes during this period. I wouldn’t fret so much if I didn’t hear tone deaf folks at high levels within the mortgage system proclaim with gusto that “this time is different.” I willfully accept that no, we don’t have exploding ARM products. You don’t …

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