News By Edition

Valuation Review caught up with CubiCasa President Jeff Allen to discuss appraiser options a modern industry can bring.

Desktop appraisals, amongst other technology, will surely provide a promising future as the profession moves forward.

Read on for more of our conversation with Allen.

On April 1, Fannie Mae’s requirement took effect regarding appraisers using the Square Footage-Method for Calculating: ANSI Z765-2021 (American National Standards Institute) for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections.

Valuation Review shares more details and some FAQs addressed by Fannie Mae ahead of the effective date.

Read on to learn more.

Valuation Review recently spoke with agricultural appraiser Jeff Berg, president/founder of Crown Appraisals Inc., about the current economic conditions impacting the ag market.

Berg discussed why investors are putting their money into agricultural businesses, and why this is a good time to be an ag appraiser.

Read on for more.

Dustin Harris, “The Appraiser Coach,” discusses building partnerships in his blog “Be Seen, Build Trust, Get Hired.”

Harris highlights how one can build trust to enhance their business.

Read on for more helpful tips.

JLL’s Valuation Advisory group has combined its property valuations expertise and market insight to create its latest property intelligence and technology tool, Valorem.

The company said this is a state-of-the-art client experience that delivers valuation data and risk insights.

Read on for more details.

Since the announcement of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan, there has been many reactions within the appraisal/real estate industry.

The U.S. Department of Housing & Urban Development (HUD) released a few sentiments regarding what is forthcoming regarding PAVE.

Read on to find out more.

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra issued a statement regarding the final report of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE). Chopra indicated the CFPB will be “taking a number of actions” on this matter.

CubiCasa announced a partnership with Bladescenes, a leading creative marketing agency for real estate located in Auckland, New Zealand. This partnership marks a notable boost to CubiCasa's ongoing expansion into the Australian and New Zealand real estate markets, accelerating the global growth of its mobile property scanning technology.

The National Association of Realtors (NAR) has officially responded to an appraisal matter that came out of Washington recently. NAR President Leslie Rouda Smith issued a statement after the White House Domestic Policy Council and the Department of Housing and Urban Development released its plan to address appraisal bias and the home appraisal process.

Heritage Global Inc., an asset services company specializing in financial and industrial asset transactions, announced Andrew Valko has been hired as director of sales of Heritage Global Valuations. Valko will be responsible for overseeing all new business development and sales initiatives across the Midwest.

The Russian invasion of Ukraine, and its implications for the global economy, has added to growing inflation pressures and ongoing supply chain difficulties as monetary policy tightening begins, according to the March 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.

The ESR Group now projects full-year 2022 real GDP growth of 2.3 percent.

Read on for more information.

Haus, a technology company providing a more flexible and affordable way to own a home, announced the launch of HausCoin, a new financial infrastructure offering an alternative to the debt and interest driven Mortgage-Backed Security markets with a new equity driven marketplace.

By creating the infrastructure to provide direct access into home equity, $HAUS is laying the groundwork for a new liquid financial marketplace backed by the worlds’ largest asset class.

Read on for more information.

CoreLogic released its Home Price Index (HPI) and HPI Forecast for February.

The analysis showed home prices nationwide, including distressed sales, increased year-over-year by 20 percent compared with February 2021.

Read on for more numbers from the company's HPI.

ATTOM’s 2021 U.S. Home Flipping Report shows that 323,465 single-family homes and condos were flipped last year, a 26 percent year-over-year increase to the highest point since 2006. Flips in 2021 represented 5.5 percent of all home sales, down from 5.8 percent in 2020 and 6.1 percent in 2019.

Valuation Review is in South Carolina attending the 2022 National Association of Appraisers Conference and Trade Show.

Many topics of appraisal interest will be discussed at the Embassy Suites by the Hilton Charleston Airport Hotel & Convention Center in the next two days.

Read on for a brief preview.

The housing market is expected to return to pre-pandemic, 2019 norms, at least in terms of inventory and the share of purchases made by first-time home buyers, by 2024.

This is according to a panel of housing market experts polled in the latest Zillow Home Price Expectations Survey.

Read on to learn more.

FoxyAI, a B2B PropTech leader in real estate visualization and property intelligence, announced its partnership with ProxyPics. The latter company is an on-demand photography system that provides location-specific real estate media and data from its network of over 65,000 gig economy workers.