News By Edition

For another installment in the Valuation Review “Women in Appraising” series, we feature Heather Sullivan, Aloft Appraisal’s head of Learning and Development.

Sullivan discussed her start and rise to success in the highly competitive field of appraisal work.

Read Part I of this story from our exclusive series.

Valuation Review reported that on the morning of Sept. 13, Cindy Chance no longer held the position of CEO of the Appraisal Institute (AI). It remains unclear as to whether the departure was Chance’s decision or AI’s.

We reached out to AI President Sandra Adomatis for additional comments, in addition to being contacted by a veteran appraiser and long-time member of AI who shared his thoughts.

Read on to find out what we were told.

BBG Real Estate Services recently announced a new CEO appointment.

Chris Roach, the firm’s previous CEO, will be transitioning to the role of senior advisor to the board of directors and the executive team.

Read on for more details.

Dustin Harris, “The Appraiser Coach,” shared more appraisal wisdom in his blog.

A change in routines and understanding business preparation can go a long way toward appraisal sustainability, he said.

Read on for more helpful appraisal advice.

The Justice Department recently announced an agreement with Hendricks County, Ind., to settle allegations the county violated the Fair Housing Act and Religious Land Use and Institutionalized Persons Act by twice unlawfully denying zoning approval to an Islamic educational organization.  

Intercontinental Exchange, Inc. recently released its September 2024 ICE Mortgage Monitor Report.

The numbers indicated August’s mortgage interest rate declines improved home affordability.

Read on to learn more.

S&P Dow Jones Indices recently released the July 2024 results for the S&P CoreLogic Case-Shiller Indices.

The measure of home prices reached a new all-time high with a decelerating trend for July 2024.

Read on to learn more.

Dart Appraisal, an independent nationwide AMC, continues to expand its product offerings with the launch of a new AVM solution.

Condo prices are falling in major Florida and Texas metros as inventory piles up and buyers back off, according to a new report from Redfin.

Does the idea of seeing your home’s future value after making the right improvements sound good? Revive, a presale renovator, is making that notion possible by offering free access to its artificial intelligence (AI)-powered property valuation tools, empowering sellers and real estate professionals alike.

The Federal Financial Institutions Examination Council (FFIEC) announced it plans on sunsetting its Cybersecurity Assessment Tool (CAT) on Aug. 31, 2025. The CAT has been helping financial institutions identify their risks and determine their cybersecurity preparedness since it was released in June 2015 as a voluntary assessment tool.

PropMix recently announced the release of in-depth bias analysis features in its Profet Review product.

This will help quality control teams detect potential valuation discrepancies before the appraisal is delivered to a client.

Read on for more information.

Author Anna DeSimone recently shared her expertise on housing and mortgage trends for all 50 states with Valuation Review.

Winner of five national book awards, DeSimone also addressed several challenges appraisers face in this arena.

Read on for the full story.

Growing home equity is helping homeowners build financial buffers, as revealed in CoreLogic’s “10 Things to Know About the Mortgage and Housing Market Right Now.”

This as high mortgage interest rates continue to challenge the housing market.

Read on to learn more.

New legislation aimed at regulating artificial intelligence (AI) could have major implications for mortgage lenders using automated tools in their credit decisions. The AI Civil Rights Act, introduced by Sen. Edward Markey (D-Mass.), would outlaw the use or distribution of AI-driven solutions that may perpetuate discrimination and bias.

With small cities often offering significantly lower costs of living than large cities, WalletHub recently released its report on “2024’s Best Small Cities in America” to identify which places offer the best quality of life while remaining affordable.

OptifiNow, a provider of CRM software and services, recently announced the successful deployment of its platform with a non-QM wholesale lender.

Valuation Review presents Part II of our “Women in Appraising” series featuring Aloft Appraisal’s Heather Sullivan.

The very successful appraiser shares more of her knowledge that resulted in much success in her chosen field.

Read the conclusion of this exclusive feature story.

The Federal Housing Finance Agency recently published its 2024 second quarter data for the Uniform Appraisal Dataset Aggregate Statistics and introduced new condominium data.

On Sept. 26, the U.S. Department of Housing and Urban Development announced $48 million will go toward increasing access to housing counseling services and strengthening the nation’s housing counseling workforce.

ATTOM released its August 2024 U.S. Foreclosure Market Report, which showed there were a total of 30,227 U.S. properties with foreclosure filings, down 5.3 percent from a month ago and down 11 percent from a year ago.

BBG Executive Managing Director Brandon Davis shared his thoughts on real estate investment trusts (REITs).

REITS have faced significant pressure recently, according to Davis.

Read on for more of the director's insights.

House prices rose 0.1 percent in July, according to the Federal Housing Finance Agency’s seasonally adjusted monthly House Price Index. House prices rose 4.5 percent from July 2023 to July 2024.

Real estate professionals will hope to see a noticeable increase in mortgage activity in the months ahead following the Federal Reserve’s long-awaited decision to reduce interest rates. Data released by the country’s largest mortgage industry trade association reported a modest year-over-year improvement in purchase application volume the month before the Fed’s first rate cut in over four years.