Tuesday , 24 November 2020

Tag Archives: newsletter

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 …

Read More »

What You Need to Know for Divorce Appraisals

Divorces are not easy for anyone involved within the process. Conflict seems to be present at every step of the way. Completing a divorce appraisal is a different experience than completing a normal appraisal – so what should you know before getting started? We sat down with Craig Capilla, trial lawyer with the Franklin Law Group, to further discuss what …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »