News By Edition

Valuation Review spoke with Heather Sullivan, head of Aloft Appraisal’s Learning & Development program, who addressed general areas of appraising and a forecasted uptick in demand for appraisals relating to specific activities.

Sullivan, an AQB Certified USPAP instructor, also touched on specific marketing trends appraisers can take advantage of.

Read on for more of Part I of this exclusive feature.

Valuation Review sat down with veteran appraiser Tim Andersen (“The Appraiser’s Advocate) to discuss a recent topic he brought up dealing with USPAP and bracketing.

Appraisers must understand the term bracketing as a valuation “tool,” Andersen said.

Read on for the full conversation.

Dutch Mendenhall, founder of RAD Diversified REIT, an investment program offering the opportunity to invest in income-producing farms and cash-flowing properties like residential and multi-family with substantial value-add opportunities, shared some thoughts with Valuation Review.

Mendenhall addressed many theories relating to the true value of commercial real estate.

Read on for the full conversation.

Nationwide Property & Appraisal Services LLC acquired Integrity Appraisal Management in Houston.

This strategic partnership will further solidify Nationwide Property & Appraisal Services’ position as an industry leader and drive significant growth opportunities for both organizations, according to company leaders.

Read on for more information about this acquisition.

The role of the income approach in commercial real estate appraisals is a critical one, as it is one of the three primary methods used by appraisers to determine the value of a commercial property, according to a blog post by Off Plan Property Exchange.

The income approach, also known as the income capitalization approach, is particularly useful for income-producing properties such as office buildings, retail centers, and apartment complexes.

Read on to learn more.

Dart Appraisal recently celebrated its 30th anniversary. In a marketplace where most providers were established following the real estate crash of 2008, Dart Appraisal is proud to have been providing full-service appraisal management solutions since 1993.

Fannie Mae’s Economic & Strategic Research (ESR) Group asked consumers what they considered important when defining the “good life,” in a survey measuring how the desire to own a home relates to other life aspirations.

Buyers are saying goodbye to bland and bidding more on homes with dusky, dramatic walls.

A new Zillow study finds recent and prospective homebuyers would offer more money for a home with interiors painted a certain color.

Read n to learn more.

Artificial intelligence (AI) and generative AI are among the top three technologies expected to have the biggest impact on real estate, according to JLL’s “Artificial Intelligence: Real Estate Revolution or Evolution?”

AI has enormous potential to reshape real estate, with near and long-term impacts ranging from the emergence of new markets and asset types to innovations in investment and revenue models.

Read on to learn more.

Reggora announced the launch of its appraisal review solution, Reggora Appraisal Review. This innovative software is set to transform the appraisal analysis process for mortgage lenders by significantly reducing repurchase risk and ensuring every appraisal meets the correct quality standards.

Freddie Mac just released the results of its latest Primary Mortgage Market Survey. It showed the 30-year fixed-rate mortgage averaged 7.09 percent, reaching its highest level in over 20 years.

October Research announces that 25-year title and settlement services industry veteran Mary Schuster has joined the company as Chief Knowledge Officer.

“Stay tuned for some exciting new developments we will be rolling out to assist our partners in the real estate transaction,” CEO and Publisher Erica Meyer said in the announcement.

Read on for more.

In May, the CoreLogic S&P Case-Shiller Index fell by 0.5 percent year-over-year, the second month of year-over-year losses.

However, the annual decline reflects price drops that occurred in 2022.

Read on to learn more.

Valligent, an appraisal management company recently acquired by Veros, has integrated with the ICE Mortgage Technology Platform, according to a post on MortgageOrb.com.

Ben Caballero, founder and CEO of HomesUSA.com, sat down with Valuation Review to discuss his new technology.

The platform ensures agents and customers receive the most accurate MLS-sourced listing information, a key component in the appraisal process.

Read on for the full conversation with Caballero.

Limited existing inventory combined with solid demand and improving supply chains helped push single-family starts to an 11-month high in May, according to the National Association of Home Builders (NAHB).

The May reading of 1.63 million starts is the number of housing units builders would begin if development kept this pace for the next 12 months, the organization stated.

Read on to learn more.

Voxtur Analytics Corp recently unveiled Reports Now. The product is designed to enhance efficiency and risk management in property valuations.

Fannie Mae and Freddie Mac (GSEs) helped keep nearly 60,000 homeowners in their homes in the first quarter, according to the Federal Housing Finance Agency’s recent Foreclosure Prevention and Refinance Report for first quarter 2023.

Plunk, a comprehensive AI-powered home analytics platform in the US, recently announced its partnership with RealtyCandy, a developer specializing in building innovative websites, applications, templates and lead gen solutions for thousands of real estate agents nationwide. Leveraging Plunk's real-time valuation and local market insights, RealtyCandy has developed a first-of-its-kind lead gen widget for real estate agents and brokers, made available through HomeValuation.ai.

Valuation Review concludes its conversation with Heather Sullivan, head of Aloft Appraisal’s Learning & Development program.

Sullivan expanded upon technology growth and its future impact on the appraisal profession.

Read on for the conclusion to this story.

Recently, the Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor Report, based on the company’s industry-leading mortgage, real estate and public records data sets.

The report noted there are distinct signs of market reheating – almost universally in markets across the United States.

Read on for more from this report.

An Oakland Calif. machinery and technical specialties appraiser was recently elected international president for ASA. His term began July 1.

With rental prices having experienced a 6.2 percent year-over-year increase, the second highest in decades, personal-finance website WalletHub recently released its report on “2023’s Best & Worst Places to Rent in America.”

Recently, the U.S. Small Business Administration (SBA) announced the signing of the Strategic Alliance Memorandum (SAM) with the International Trade & Forfaiting Association (ITFA). ITFA and SBA strive to facilitate the expansion of trade and trade finance globally to reduce barriers for small businesses selling abroad.

Valuation Review is reporting live from Las Vegas at the 2023 Val Expo conference from the Mirage Hotel and Casino.

We will have live updates from specific sessions and guest speakers.

Read on for a preview.

The U.S. Department of Housing and Urban Development and the National Association of Real Estate Brokers announced a partnership between the agency and organization to address appraisal bias.

ClearValue Consulting, a mortgage industry provider of enterprise-class vendor management technology, recently announced it is able to support Fannie Mae’s new Value Acceptance + Property Data option. As a result, ClearValue can provide lenders and AMCs with a scalable, end-to-end solution to implement Fannie Mae’s appraisal modernization efforts.