News By Edition

The Appraisal Institute (AI), along with its government relations consulting firm Rich Feuer Anderson, produced a comprehensive outlook that addresses how the recent elections related to the financial services sector.

Valuation Review spoke with AI’s Bill Garber (Director of Government & External Relations) who offered additional insight and commentary on selected pieces of legislation and programs AI is monitoring.

Read on to find out what we were told.

Earlier this year, Class Valuation was named a spotlight innovator by Brookings Institute and ASHOKA in the Changemakers Challenge: Valuing Homes in Black Communities.

Valuation Review now presents a follow up with the company’s chief innovation officer and its executive vice president of valuation modernization, specifically addressing the area of bias.

Read on for more insight from our conversation with Class Valuation.

As a follow-up to Valuation Review’s federal appraisal matters story from the Appraisal Institute (AI), we reached out to AI State & Industry Affairs Manager Scott DiBiasio for his observations as to what is happening statewide.

DiBiasio also commented on what appraisers should be on the lookout for.

Read on for the conclusion of this two-part AI feature.

Class Valuation Chief Appraiser John Dingeman outlined the key principles surrounding short-term rentals (STRs).

Dingeman shared specifics with Valuation Review, in addition to providing some answers to questions posed around STRs.

Read on to learn more.

Valuation Review recently caught up with Freddie Mac’s single-family chief appraiser and mortgage credit risk management valuation director for his thoughts on the need for appraisers to fully analyze market conditions and develop and apply appropriate adjustments to appraisals.

With the current softening in market activity, Freddie Mac sees this as being more important than ever.

Read on for more of the conversation.

Valcre, a commercial real estate appraisal platform, announced a $12.7 million Series A funding round led by Avenue Growth Partners with participation from Second Century Ventures.

The investment will support rapid team growth and product innovation, according to the company.

Read on to learn more about this funding project.

In 1968, President Lyndon B. Johnson signed the Fair Housing Act, which prohibits discrimination based on race, religion, sex and nation of origin in the sale, rental or financing of housing. More than 50 years later, however, discrimination in the housing market not only exists, but is getting worse, according to a report by authors from Washington University-St. Louis and the University of Illinois-Chicago. 

Cherre, a data integration and insights platform, recently announced a new partnership with Clear Capital. The partnership will allow Cherre customers to leverage Clear Capital’s platform to perform various services.

Starrex International, Ltd announced it closed the transaction involving the arm’s length sale of its real estate appraisal management business conducted by its subsidiary Property Interlink, LLC. This includes Starrex’s real estate appraisal business conducted by its subsidiary Reliable Valuation Service, LLC, and substantially all of the related assets.

AppraisalWorks, a real estate appraisal technology provider, recently announced a partnership with Clear Capital.

This partnership will make it easier for banks, credit unions, loan servicers, and mortgage lenders to order, review, manage, maintain, and analyze real estate appraisals and collateral valuations, according to the companies.

Read on to learn more.

The Fannie Mae Home Purchase Sentiment Index dropped 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011. Only 16 percent of respondents indicated that now is a good time to buy a home – a new survey low – while the percentage who believe now is a good time to sell a home dropped sharply from 59 percent to 51 percent in October. Year-over-year, the index is down 18.8 percent.

In "Real Estate Technology Has Changed the Game But Hasn’t Replaced the Human Touch,” posted on the CoreLogic website, many facets of technology are examined.

Using a trusted real estate agent is as important now as ever, CoreLogic says.

Read on to learn more.

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

Data released for September 2022 shows that home price gains declined across the United States.

Read on for more information from this report.

The CoreLogic monthly Loan Performance Insights report for September showed 2.8 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure, similar to August.

This represents a 1.1 percentage point decrease in the overall delinquency rate compared with September 2021.

Read on to learn more from this report.

Homeowners, homebuyers, and real estate industry professionals across the board are looking for more data on a property/listing, according to CubiCasa President Jeff Allen.

Recently, Valuation Review brought its readers information surrounding the company’s latest technology platform, and we caught up with Allen for more information helpful to appraisers.

Read on for our conversation with the company president.

CoreLogic recently released its Single-Family Rental Index (SFRI) report.

The SFRI analyzes single-family rent price changes nationally and across major metropolitan areas.

Read on to learn more.

Recently, the Dallas Central Appraisal District (DCAD) reported its systems were hacked after a ransomware attack. As of Nov. 15, the DCAD reported there’s still no telling when its systems will be back online.

CubiCasa, a global-reaching real estate software company, announced a 455 percent increase in new user signups year-over-year. The company stated this signals continued global momentum.

A National Association of Realtors’ survey asked its members about its current technology usage and attitudes about the future of real estate technology. Respondents to the survey identified eSignature, lockbox, and local MLS apps and technology as impactful tools used in their business during 2022.