Tag Archives: newsletter

Economic Forecast of 2020

2020 is just around the corner – economic forecasts have been predicting everything regarding market trends, housing data, and the behavior of the generations that influence them. Different sources report vastly different conclusions, so who do you trust? For an economic forecast on new constructions, we got our trusted source at the National Association of Home Builders (NAHB). We sat …

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An Appraiser’s Full Circle

A couple of years ago, I asked my brother who had just closed his business, “How do you know when you are done and it’s time to retire?” He answered, “When it is time, you will know.” There are considerations: health, finances, what to do, and the passion you still have for appraising. I’m turning 70 in a few months …

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A Perspective on AVMs

“Metrics Matter” is an article written by Doug Gordon, former Director Collateral Valuation and Risk Management at Freddie Mac. Mr. Gordon led the Home Valuation Explorer (HVE) team, one of the most robust and tenured automated valuation models (AVMs) in the market. Paraphrasing his research and paper, he argues that lenders must understand the Forecast Standard Deviation (FSD) of the …

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What are You Thankful For? 

It’s that time of the year where we sit back and enjoy the company of our family and friends while reflecting on the year that has passed. We asked the appraisal community what they were thankful for, whether it was related to the profession or not. Here were some of our favorites: J. Stratton, Safford, AZ: “I am very thankful …

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Appraising in Utah

Utah is a state in the west with incredible geographical variety ranging from high mountains to low desert and everything in between. The vast majority of the state’s population is found in the north end of the state in the greater Salt Lake Valley and Utah County regions. Salt Lake is over 300 miles from St. George. At an elevation …

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Appraising in Alaska

First off, it’s no tougher than anywhere else, but also like anywhere else, it has its unique attributes. Any such discussion needs to define some scope, so let’s first address the size. How big is it? Alaska is one-fifth the size of the continental United States. If placed on top of the continental US, it stretches from the east coast …

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Words Matter

When it comes to social media, it’s easy to spot a comment or status that will make you say, “I can’t believe they said that for the world to see.” What can make it worse: when you notice it’s a professional company that has made the remark. It can be difficult seeing something like that and not judging, especially if …

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How the New “Gig Worker” Law Affects Appraisers

This article was modified from an original post on valuationlegal.com and can be found here. What is AB-5? Appraisal firms and appraisal management companies utilizing independent contractor appraisers in California, as well as any California appraisers working as independent contractors themselves, should get familiar with Assembly Bill 5 (AB-5) – California’s new “gig worker” law that aims to curb the classification …

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