25th March 2011

Welcome to Appraiser Income

Here is to an epic 2020!  Time to get back in to marketing your business and stop relying on AMC work!

Since 2015 I have been slammed with too much work…   But with 2020 I have noticed a HUGE slowdown.  Appraisers are calling me all the time asking where the work has gone…  If you are in need of work, please watch this video and make sure you sign up to my Appraiser Marketing System!

If you would like to know a little bit more about me and why I write this blog, please visit this post A little about me – Bryan Knowlton

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29th July 2022

Appraisers getting a lot less appraisal work

Wow, what a difference a few months make. I know many of us are struggling with the lack of work at this time, but hopefully this will be a short term thing and work will go back to business as usual as it has in the past.

Over the past few years I am sure most of us have made the most you have ever made as a real estate appraiser, but just like in 2007, we all knew things had to change at some point.

For all of you that survived through the last real estate downturn when there was no work for months upon end, things eventually started to turn around and business just increased from that point.

So hang in there, stay positive and look for other ways to generate more appraiser income. Start working on expanding your non-lender work again and sign up to more AMCs. Talk with other appraisers online and find out what they are doing to survive.

Most appraisers outside of your work area, and even some of those in the same area are more than willing to share what is working for them. There are so many great groups on facebook that you can become a part of and connect directly with those that are interested in sharing information.

For now the Appraiser’s Club is closed because I want to revamp it to make it more functional. I hope to get back to teaching all my non-lender marketing techniques and how I get the most out of working with the AMCs. But after years of working 60-80 hour weeks I am not quite ready to jump in to redeveloping the website. If you are signed up to my newsletter, you will receive a notification when the club is available again.

Sorry I haven’t posted in a long time and I hope to be here again for you during this slow period.

I will also start posting job notifications for appraisers if you are looking for a paid position during this time.

Thanks again for being a loyal reader!

~ Bryan Knowlton

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11th December 2020

Help Jan Bellas of the AGA

As most are well aware Jan Bellas is a very important executive member of the AGA.  She works tirelessly for our members to help get them the results they need without a great deal of compensation for her efforts.  

Recently Jan suffered the loss of her husband due to Covid and cancer.  With that loss, comes the financial burden associated with it as well as having to take time off from performing her duties  at the AGA for all members.   

I am starting this fundraiser in the hopes that we all can give back and help Jan get through these trying times.   Jan fights very hard for all of our members, she puts in a great deal of time and energy into all cases that come before her and she does it because she cares about the profession and appraisers. 

Let’s show Jan some of that same support and care she gives to all of us by helping her during her time of need.  

Thank you for your support. 

Mark J Skapinetz. President AGA.  

~ even though their goal has been met, please continue to help! ~ Bryan

https://www.gofundme.com/f/help-jan-bellas-of-the-aga/

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9th December 2020

Happy Holidays!

Howdy to all my fellow appraisers! I know it has been an incredibly long time since I have made a post or updated this website or the Appraisers Club.

The past few years have been EXTREMELY busy to say the least and I am sure many appraisers are in the same boat. I can only hope so! It has been very hard to focus on anything other than completing appraisals and spending time with my family during these unprecedented times.

I just wanted to reach out briefly and thank you to everyone that has supported my online ventures in the past and will hopefully be making some free offerings in the beginning of next year to help other appraisers get more non-lender work.

Hope everyone is doing well, stay safe out there!

~ Bryan

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6th May 2020

Get Your AMC Directory Today

UPDATED: JANUARY 01, 2020

 

2020 Appraisal Management Company Directory
Fully Updated for 2020

    • Now With over 200 AMCs Listed
    • TOP 46 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

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

…continue reading the rest of this post: Get Your AMC Directory Today

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27th March 2020

2020 AMC DIR Available NOW

UPDATED: JANUARY 01, 2020

 

2020 Appraisal Management Company Directory
Fully Updated for 2020

    • Now With over 200 AMCs Listed
    • TOP 46 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

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

…continue reading the rest of this post: 2020 AMC DIR Available NOW

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4th March 2020

AI Opposes Biden’s Call for More Appraisal Standards

Responding to presidential candidate Joe Biden’s call to “establish a national standard for housing appraisals,” the Appraisal Institute said March 2 that a new standard is “unnecessary … because one already exists.”

 The Appraisal Institute’s letter to Biden’s campaign agreed with his stated desire to end discriminatory and unfair practices in the housing market, and it noted that AI shares his expressed wish to tackle any racial bias that could lead to homes in communities of color potentially being appraised below their market value. 

“But the reality is that national appraisal standards and ethics requirements already require appraisers to perform their work with impartiality, objectivity and independence, without bias,” said the letter from Appraisal Institute 2020 President Jefferson L. Sherman, MAI, AI-GRS. “Real estate appraisers are not the culprit.” 

The Appraisal Institute’s letter noted that under the Uniform Standards of Professional Appraisal Practice, known as USPAP, appraisers “must not use or rely on unsupported conclusions relating to characteristics such as race, color, religion, national origin, gender, marital status, familial status, age, receipt of public assistance income, handicap, or an unsupported conclusion that homogeneity of such characteristics is necessary to maximize value.”  

AI’s letter also said: “To be quite frank, the assertion that appraisers would systematically undervalue or overvalue real estate due to these factors is absurd and shows a profound misunderstanding of the real estate valuation profession. Appraisers have nothing to gain by such behavior, and in doing so we would lose the hard-fought public trust we have achieved over many, many years.” 

The letter concluded: “Since national appraisal standards and ethics requirements already are in place, and since those requirements are enforced as law, there is no need for additional standards.

We urge you to reconsider your position, and we look forward to working with you to tackle community and economic development challenges facing this country.” 

Read the Appraisal Institute’s letter to the Biden campaign. See Biden’s housing position on his website.

original article: https://www.appraisalinstitute.org/ano/ai-opposes-bidens-call-for-more-appraisal-standards/

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24th February 2020

Average U.S. Home Seller Profits Hit $65,500 in 2019, Another New High

Post featured image

Median Home Sales Prices Reach Record High of $258,000 in 2019; Homeowners Staying Put Longer as Average Homeownership Tenure Rises to New High

IRVINE, Calif. – Jan. 23, 2020 — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its Year-End 2019 U.S. Home Sales Report, which shows that home sellers nationwide in 2019 realized a home price gain of $65,500 on the typical sale, up from $58,100 last year and up from $50,027 two years ago. The latest profit figure, based on median purchase and resale prices, marked the highest level in the United States since 2006 – a 13-year high.

That $65,500 typical home seller profit represented a 34 percent return on investment compared to the original purchase price, up from 31.4 percent last year and up from 27.4 percent in 2017, to the highest average home-seller ROI since 2006.

Both raw profits and ROI have improved nationwide for eight straight years. However, last year’s gain in ROI – up less than three percentage points – was the smallest since 2011.

“The nation’s housing boom kept roaring along in 2019 as prices hit a new record, returning ever-higher profits to home sellers and posing ever-greater challenges for buyers seeking bargains. In short, it was a great year to be a seller,” said Todd Teta, chief product officer at ATTOM Data Solutions. “But there were signs that the market was losing some steam last year, as profits and profit margins increased at the slowest pace since 2011. While low mortgage rates are propping up prices, the declining progress suggests some uncertainty going into the 2020 buying season.”

Among 220 metropolitan statistical areas with a population greater than 200,000 and sufficient historical sales data, those in western states continued to reap the highest returns on investments, with concentrations on or near the west coast. Metro areas with the highest home seller ROIs were in San Jose, CA (82.8 percent); San Francisco, CA (72.8 percent); Seattle, WA (65.6 percent); Merced, CA (63.2 percent) and Salem, OR (62.1 percent). The top four in 2019 were the same areas that topped the list in 2018.

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20th February 2020

Fannie Mae’s Economic Theme for 2020: A Resilient Economy Overcomes Risks to Drive Housing

WASHINGTON, DC – In 2020, consumer spending, business fixed investment, and housing are all expected to contribute meaningfully to another year of positive growth in what continues to be the longest economic expansion in U.S. history, according to the latest commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group. The full-year 2020 growth forecast stands at 2.1 percent, while full-year 2019 real GDP growth was upgraded by one-tenth in the January forecast to 2.4 percent due to an unexpectedly strong contribution from net exports.

“While we believe the strength and resilience of the American consumer is the lynchpin of near-trend GDP growth, this year we expect consumer demand to re-establish housing construction as a significant contributor to economic growth – hence our theme for the year: A resilient economy overcomes risks to drive housing,” said Fannie Mae Senior Vice President and Chief Economist Doug Duncan. “Strong labor markets, rising wages, and improved household balance sheets offer consumer spending upside potential, including the ability to withstand minor economic disruptions.”

“Simmering geopolitical tensions, trade concerns, potential equity overvaluation, and weakening manufacturing data suggest the risks to our forecast are skewed slightly to the downside, while accelerating global growth and consumer spending power offer upside and greater balance than in previous forecasts,” said Duncan. “We also continue to expect the Fed to maintain its hands-off approach to monetary policy in the new year, with no changes to the target federal funds rate despite persistently low inflation.”

Continued strength in labor markets and household balance sheets support the ESR Group’s expectation that consumer spending will remain both healthy and resilient – and perhaps even surprise to the upside – through 2021. Lackluster manufacturing data in the fourth quarter did lead the Group to pull forward into 2020 its forecast of a prolonged uptick in business fixed investment (BFI), with BFI now forecast to accelerate from 0.3 percent annual growth in 2019 to 2.9 percent in 2020.

The ESR Group also expects housing to carry into 2020 its late-2019 reemergence as a source of economic strength. Single-family construction is expected to report solid growth, with housing starts accelerating due to strong permits data and growing optimism among homebuilders. Low mortgage rates and labor market strength should continue to provide demand support, as made evident in part by the Fannie Mae Home Purchase Sentiment Index® re-approaching its survey high in recent months.

“Strong consumer demand and low mortgage rates – as well as moderate improvements to supply – have housing well-positioned for a come-back year in 2020,” Duncan continued. “While we expect housing to regain its place as an economic growth driver after a period of relative sluggishness, we recognize that the problems of affordability and inventory are likely to persist for the forecast horizon. Homebuilders have begun to accelerate the pace of single-family construction, including in the much-needed affordable space, but supply constraints still exist. In many areas, that demand-supply imbalance continues to contribute to entry-level home prices outpacing wage gains, exacerbating the affordability challenge.”

Visit the Economic & Strategic Research site at fanniemae.com to read the full January 2020 Economic Outlook, including the Economic Developments Commentary, Economic Forecast, Housing Forecast, and Multifamily Market Commentary. To receive e-mail updates with other housing market research from Fannie Mae’s Economic & Strategic Research Group, please click here.

Opinions, analyses, estimates, forecasts, and other views of Fannie Mae’s Economic & Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.

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18th February 2020

2020 Appraisal Management Company Directory

UPDATED: JANUARY 01, 2020

 

2020 Appraisal Management Company Directory
Fully Updated for 2020

    • Now With over 200 AMCs Listed
    • TOP 46 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

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

…continue reading the rest of this post: 2020 Appraisal Management Company Directory

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17th February 2020

New Homes Started With 4 or More Bedrooms Trends Lower

The U.S. Census Bureau’s Survey of Construction’s (SOC) estimate of the number of bedrooms in new single-family homes has shown a declining trend for homes with 4 bedrooms or more since 2015. The most recent SOC data show the number of bedrooms of new homes whose construction began in 2018 (new homes started).

Nationally, the number of single-family homes started with 4 bedrooms or more declined from 44.8% in 2017 to 43.5% in 2018. These developments are linked to changes in preferences among home buyers. With more Millennials becoming prepared to buy their first home, the starter home share will rise, which means smaller homes and slightly fewer bedrooms.

Historically, new homes started with 3 or 4 bedrooms have held the highest shares and new homes started with 2 bedrooms or less or 5 bedrooms or more have held the lowest shares. The declining trend mirrors the downward trend of new single-family home size.

As of 2018, the share of new single-family homes started with 3 bedrooms was the highest of all categories, at 45%, with those with 4 bedrooms trailing at 34%. The lowest two categories were new homes started with 2 bedrooms or less and 5 bedrooms or more, with shares of only 11% and 9%, respectively.

Regionally, most Census divisions show declines for the typical number of bedrooms in single-family homes. An exception is the West North Central region, which experienced a slight rising trend.

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