News By Edition

Valuation Review tackles the subject of repurchases and the risks involved. We sat down with Consolidated Analytics Chief Appraiser Jeffrey Rauland, who discussed his many areas of expertise.

One of the topics featured is portfolio analysis. 

Read on for more of what Rauland told us.

Terry Horton, of Cincinnati, was going to refinance a North Avondale apartment building he rented to predominantly Black residents who use Section 8 vouchers, in order to buy another building he would also offer as affordable housing.

Horton, who is Black, was surprised at the low appraisal he received and has taken legal action.

Read on for all the details.

Opteon, an international provider of valuation, advisory, and property services, recently announced the expansion of its direct-to-consumer business model. This expansion will provide homeowners and buyers, as well as real estate, legal, and tax professionals, the ability to order an appraisal directly through Opteon’s services.

R3 AMC, a full-service AMC focused on helping lenders navigate the appraisal process, recently announced the industry’s first insured appraisal solution, Val-Insure. This technology is for both overvaluation inaccuracies and undervaluation due to appraisal bias and related regulatory and legal claims.

LauraMac, a market company in mortgage loan review technology, recently announced the completion of its integration with LoanLogics IDEA, an intelligent document processing and data extraction technology. LauraMac’s cloud-based Loan Review platform is a configurable transaction management system used by more than 60 percent of the industry’s third-party due diligence firms to review and QC loans.

A Marin City, Calif., couple who sued a real estate appraiser over alleged racial discrimination reached an out-of-court settlement, according to the Marin Independent Journal.

Paul Austin and his wife Tenisha Tate-Austin sued appraiser Janette Miller and Miller and Perotti Real Estate Appraisals in San Rafael.

Read on for the details.

JLL’s Valuation Advisory group recently released its inaugural Healthcare Investor Survey and Trends Outlook.

This document surveyed nearly 130 influential leaders in the healthcare sector for insight on key themes in healthcare capital markets and the investor outlook for 2023.

Read on to find out more about this area of capital markets.

Home prices nationwide, including distressed sales, increased year-over-year by 6.9 percent in December 2022.

This is according to the CoreLogic Home Price Index Forecast.

Read on for more numbers.

The fast-approaching spring home shopping season should feel a bit calmer than in recent years, according to a new Zillow analysis.

Shoppers can expect competition for well-priced homes, but without the crowds of buyers that packed open houses in 2021 and early 2022.

Read on for more analysis.

Confer, Inc. founder and CEO Yatin Karnik shares additional thoughts with Valuation Review as it relates to market activity.

In his recent article, “Wells Fargo’s Exit from Mortgage Market: Implications,” the company executive tells us about Wells’ new approach to the home lending market.

Read on for more market insight.

The Fannie Mae Home Purchase Sentiment Index (HPSI) increased for the third consecutive month in January but still remains well below its pre-pandemic highs. Overall, the HPSI rose 0.6 points to 61.6, with three of the index’s six components increasing month-over-month.

Nikitra Bailey, executive vice president of the National Fair Housing Alliance, recently issued a statement following an announcement by the Department of Housing and Urban Development (HUD). The HUD announcement pertained to it reducing the Federal Housing Administration’s annual mortgage insurance premium.

Late February, Freddie Mac appointed a new senior vice president and head of its single-family acquisitions division. He brings more than two decades of experience across all sectors of mortgage lending to the company.

The U.S. Department of Housing and Urban Development, in partnership with the National Institute of Building Sciences and MOD X, released the Offsite Construction for Housing: Research Roadmap. This is a strategic report that presents the key knowledge gaps and research needs to overcome the barriers and challenges to offsite construction.

Clear Capital announced the launch of Universal Data Collection (UDC), the latest in the company’s suite of products designed to support appraisal modernization. UDC supports Fannie Mae’s newly announced Value Acceptance + Property Data program, as well as Freddie Mac’s ACE+ PDR solution.

Mortgage rates, both their high levels and wild swings, are making life difficult for both buyers and sellers, according to Zillow’s latest market report.

Relatively high rates have brought new listings down to record lows.

Read on for more from the report.

SitusAMC recently released its quarterly report, ValTrends, offering data-driven insights and analysis on valuation trends and space market fundamentals.

It also included exclusive survey data on investor appetites for commercial real estate.

Read on to find out more trends.

Freddie Mac recently released the results of its Primary Mortgage Market Survey. It showed the 30-year fixed-rate mortgage averaged 6.60 percent.

Mortgage Bankers Association subsidiary and real estate finance standards organization MISMO named David Coleman as its new president. Coleman has more than 25 years of mortgage industry experience as an IT executive, management consultant, and senior business leader. He joined MISMO on April 3. 

The share of U.S. homes in January worth at least $1 million fell to 7 percent from a peak of 8.6 percent last June, according to a market report from NEXT.

But that number is still up from 4.2 percent just before the pandemic.

Read on to learn more.

The Washington County Appraisal District is appealing the state’s findings from a property value study that deemed Brenham ISD’s appraised values were too low. Per a release from the appraisal district office, the Texas Comptroller released preliminary property value study results on Jan. 31.

The 2023 National Association of Appraisers’ Appraiser’s Conference & Trade Show (ACTS) comes to the Holiday Inn downtown Sacramento, Calif.

Valuation Review is here to report on the many sessions, sights and sounds from ACTS.

Read on for a brief preview of what to expect.

For our April installment of tips and advice from Dustin Harris, “The Appraiser Coach,” we share the veteran appraiser’s views from his two blogs “The Beginning of a New Life” and “The Hard to Find (Important) Details.”

Harris talks about establishing principles and being mindful of due diligence.

Read on for more appraisal advice.

BBG announced the inaugural edition of its U.S. seniors housing investor survey, offering insights from market professionals on major trends expected to impact this alternative asset class in 2023.

Completed in January, the survey compiled responses from investors, developers, lenders and brokers.

Read on to learn more.