23rd February 2018

Wall Street turning to BPO Drive-Bys

When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral.

Blackstone and its lender, Deutsche Bank AG, settled on a sort of drive-by valuation done by real-estate agents that are more cursory and cost far less than traditional appraisals.

…continue reading the rest of this post: Wall Street turning to BPO Drive-Bys

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22nd February 2018

Sacramento, we have a problem

This graph put out by the California Bureau of Real Estate Appraisers shows a significant problem with the appraisal industry.

 

From January 1 – June 30, 2017 there were no Trainee License examinations.  Wow!

The newest edition of the Bureau’s The California Appraiser newsletter is available on our website www.brea.ca.gov under Forms and Publications, BREA Newsletters.

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7th February 2018

Average Home Seller Profits at 10-Year High

IRVINE, Calif. – Feb. 1, 2018 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Year-End and Q4 2017 U.S. Home Sales Report, which shows that home sellers in Q4 2017 realized an average home price gain since purchase of $54,000, up from $53,732 in the previous quarter and up from $47,133 in Q4 2016 to the highest since Q3 2007 — a more than 10-year high.

That $54,000 average home seller profit represented an average 29.7 percent return on investment compared to the original purchase price, up from 28.8 percent in the previous quarter and up from 26.8 percent in Q4 2016 to the highest average home seller ROI since Q3 2007.

“It’s the most profitable time to sell a home in more than 10 years yet homeowners are staying put longer than we’ve ever seen,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “While home sellers on the West Coast are realizing the biggest profits, rapid home price appreciation in red state markets is rivaling that of the high-flying coastal markets and producing sizable profits for home sellers in those middle-American markets as well.” …continue reading the rest of this post: Average Home Seller Profits at 10-Year High

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5th February 2018

Fee Survey Revisited

I can’t believe it, I was going through notes on articles to write for 2017 and I totally missed the 2017 Appraisal Fee Survey from WorkingRE.com.

So I thought I would post information about it today.  You can find links to each state and get individual city information from there.  This is a very detailed report.  Thanks again Isaac and David!

 

2017 Fee Survey: Analyzing the Data

By Isaac Peck and David Brauner, Working RE Magaizne

For the last few years the appraisal industry has been abuzz with talk of rising appraisal fees and longer turn times. AMCs complain of a shortage of appraisers and “price gouging” in certain markets (Colorado and Oregon, for instance); appraisers report modest success at raising their fees after years of frustration (See Fees Rising). …continue reading the rest of this post: Fee Survey Revisited

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25th January 2018

Beige Book Released – January 17, 2018 – Summary of Commentary on Current Economic Conditions by Federal Reserve District,

This report was prepared at the Federal Reserve Bank of Atlanta based on information collected on or before January 8, 2018. This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.

Overall Economic Activity
Reports from the 12 Federal Reserve Districts indicated that the economy continued to expand from late November through the end of the year, with 11 Districts reporting modest to moderate gains and Dallas recording a robust increase. The outlook for 2018 remains optimistic for a majority of contacts across the country. Most Districts reported that non-auto retail sales expanded since the last report and that auto sales were mixed. Some retailers highlighted that holiday sales were higher than expected. Residential real estate activity remained constrained across the country. Most Districts reported little growth in home sales due to limited housing inventory. Nonresidential activity continued to experience slight growth. Most manufacturers reported modest growth in overall business conditions. Reports indicated that some manufacturers increased capital expenditures over the reporting period. Most reporting Districts noted continued growth in transportation activity. Loan volumes in many Districts were steady. Among reporting Districts, agricultural conditions were mixed and energy contacts described a slight uptick in activity.

…continue reading the rest of this post: Beige Book Released – January 17, 2018 – Summary of Commentary on Current Economic Conditions by Federal Reserve District,

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24th January 2018

Want to get some new clients in 2018?

Well then you need the 2018 Appraisal Management Company Directory.

I took the time to rewrite most of the marketing information in the beginning of the book as well as add a bunch of AMCs that have been sending me good assignments over the past year.

You can order it here

 

UPDATED: JANUARY 02, 2017

I wanted to let everyone know the new 2018 AMC Directory is Available NOW

    • Now With over 200 AMCs Listed
    • TOP 37 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

 

Published by a full time Real Estate Appraiser

This is the only list that has DIRECT links to the sign up pages.  You can’t get this type of information on any state website.  Website information, contact email addresses and phone numbers are all provided.

2018 APPRAISAL MANAGEMENT COMPANY DIRECTORY

200+ VERIFIED Appraisal Management Companies Listed!

This book lays out all the details on how to get signed up with the appraisal management companies and information on creating top ranking websites. Order the book today and you will receive a free search engine optimized website built by internet marketing specialists. All the details are in the AMC Directory.

APPRAISAL MANAGEMENT COMPANIES BLOW – BUT YOU CAN DO WELL USING THEM

 

Chapters Include:
– Maximize orders with Appraisal Management Companies
– The AMC Application Process
– Links to online applications and emails
– List of Common Errors to Avoid
– Vendor Specific AMC Requirements
– Ordered by which companies that SEND ORDERS!
Bonus Chapters Included:
– Recession Proof Your Appraisal Business for the future
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– FHA Checklist and common errors to avoid

90% of my work come from the first 37 on my list!Get Started Today!

appraisal management companies

Online AMC Directory Available through a membership with the
Private Appraisers Club – http://www.appraisersclub.com

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22nd January 2018

Housing Will Continue to Gain Ground in 2018

 

January 09, 2018

The newly enacted tax law will create a more favorable tax climate for the business community, which should spur job and economic growth and keep single-family housing production on a gradual upward trajectory in 2018, according to economists speaking at the NAHB International Builders’ Show® in Orlando, Fla., today.

“We expect that tax reform will boost GDP growth to 2.6 percent in 2018, and this added economic activity will also bode well for housing, although there will be some transition effects in high-tax jurisdictions,” said NAHB Chief Economist Robert Dietz. “Ongoing job creation, expected wage increases and tight existing home inventory will also boost the housing market in the year ahead.”

 

…continue reading the rest of this post: Housing Will Continue to Gain Ground in 2018

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19th January 2018

Louisiana Real Estate Appraisers Board Seeks Dismissal of FTC Complaint

The Federal Trade Commission announced Jan. 10 that it will hear oral arguments next month on motions filed by the FTC and the Louisiana Real Estate Appraisers Board. The LREAB in November filed a motion to dismiss the complaint filed against it by the FTC, while the FTC filed motions for partial summary judgment and for opposition to the LREAB’s motion to dismiss.

…continue reading the rest of this post: Louisiana Real Estate Appraisers Board Seeks Dismissal of FTC Complaint

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17th January 2018

ASA and NAIFA to Merge – Free Webinar

American Society of Appraisers – Education Update
Join Members of the ASA and NAIFA Merger Task Force in this Online Webinar

 

Do You Have Questions about the ASA/NAIFA Merger? We Have Your Answers. Learn More

This Webinar is FREE For Members and Non-Members

 

After a membership vote showing overwhelming support of the merger between ASA and NAIFA, the two organizations have reached an agreement creating one of the largest networks of U.S. professional real estate appraisers. As the effective date of July 1, 2018 quickly approaches, we are sure many questions have been raised. Members of the ASA and NAIFA Merger Task Force are hosting this online webinar, as they answer your questions on topics such as credentialing, dues, designations and chapters.

…continue reading the rest of this post: ASA and NAIFA to Merge – Free Webinar

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15th January 2018

2017 Voice of the Appraiser Report

Anyone else use boomerang with their Gmail accounts?  Well this has been bouncing back to me almost every week since November.

I have meant to make a post about it because everyone doesn’t know about it.  You can get it here.

A couple things I found interesting is that most of the appraisers surveyed in 2011 had typical fees of $300-400 an appraisal, that was the same number on the 2016 survey and increased to $400-500 in 2017 with almost an equal amount in the $300-400 and More than $500 responses.  That is great news as we are seeing the under $300 per appraisal fees slip away.  Those AMCs are a bunch of dirt bags that still try to charge under $300 an appraisal.   Don’t work for them! …continue reading the rest of this post: 2017 Voice of the Appraiser Report

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