CoreLogic recently released its Home Price Index (HPI) and HPI Forecast for March revealing low numbers. However, CoreLogic forecasts show annual U.S. home price gains moving to 4.6 percent by March 2024. Read on for all of the numbers.

On May 18, the Appraisal Institute (AI) announced the Appraiser Qualifications Board has provided approval of AI’s Practical Applications of Real Estate Appraisal (PAREA) program for the licensed residential path. The Appraisal Foundation’s Board of Trustees awarded the Pathway to Success Grant to the Appraisal Institute to assist with the development of the PAREA program.

Effective June 29, Freddie Mac’s Loan Collateral Advisor will include new feedback messages to alert users when certain prohibited, subjective or potentially biased words or phrases are included in appraisal reports submitted through the Uniform Collateral Data Portal. This insight is intended to help users identify potential issues and to assist in compliance with Freddie Mac Single-Family Seller/Servicer Guide requirements.

In support of Veros Real Estate Solutions’ goal to strengthen brand awareness and further penetrate the financial services and real estate markets by offering enterprise risk management and property valuation services, the company has announced a key hire.

Recently, the U.S. Department of Housing and Urban Development allocated $382 million through the nation’s Housing Trust Fund (HTF). The HTF is an affordable housing production program that complements existing federal, state and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households, including families experiencing homelessness.

Snippet: At the 2023 National Association of Appraisers/Appraiser’s Conference & Trade Show in Sacramento, Calif., Valuation Review sat in on the session titled “Don’t Panic: Adapting to a Changing Appraisal World-Fresh Ideas.” A veteran panel shared perspectives on valuation challenges from the appraiser, lender and AMC points of view. Read on for the full conference story.

Valuation Review concludes its conversation with Kevin Hecht of McKissock, LLC/Colibri Group from the 2023 National Association of Appraisers/Appraiser’s Conference & Trade Show in Sacramento, Calif. Hecht, an appraisal training/development manager, educator and real estate economist, answered the question of whether or not the economy was facing a “housing bubble?” Read on for the conclusion of this conference feature story.

In February 2023, 3 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure. This represents a 0.4 percentage point decrease in the overall delinquency rate compared with February 2022, according to CoreLogic’s Loan Performance Insights report released in April. Read on to learn more from this report.

CubiCasa recently announced a collaboration with Bright MLS to offer CubiCasa’s floor plan creation app to Bright subscribers. The collaboration will expand the use of floor plans on listings within the Bright MLS ecosystem.