25th March 2011

Welcome to Appraiser Income

Here is to an epic 2019!  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 2019 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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24th April 2019

Lots of Gov Appraiser Jobs Posted

AppraiserALBUQUERQUE, NMPubArmy05/02/2019
AppraiserSAN DIEGO, CAPubArmy05/02/2019
AppraiserLOS ANGELES, CAPubArmy05/02/2019
AppraiserPHOENIX, AZPubArmy05/02/2019
Vacancy No.WTKC194593829040DDepartmentU.S. Army Corps of Engineers
Salary$74,937.00 to $110,224.00Grade12 to 12
Perm/TempPermanentFT/PTFull-time
Open Date4/18/2019Close Date5/2/2019
Job LinkApply OnlineWho may applyPublic
Locations:
PHOENIX, AZLOS ANGELES, CASAN DIEGO, CAALBUQUERQUE, NM

Overview

  • Open & closing datesOpening and closing dates 04/18/2019 to 05/02/2019
  • ServiceCompetitive
  • Pay scale & gradeGS 12
  • Salary$74,937 to $110,224 per yearAlbuquerque, NM: $74,937-$94,422, Phoenix, AZ: $77,130-$100,273, San Diego, CA: $83,063-$107,986, Los Angeles, CA: $84,785-$110,224
  • Appointment typePermanent
  • Work scheduleFull-Time

Locations

1 vacancy in the following locations:

Relocation expenses reimbursed

Yes You may qualify for reimbursement of relocation expenses in accordance with agency policy. Permanent change of Station may be paid in accordance with agency policy and if it’s at the best interest of the government.

Telework eligible

Yes as determined by agency policy

This job is open to

…continue reading the rest of this post: Lots of Gov Appraiser Jobs Posted

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23rd April 2019

JPMorgan Chase CEO advocates for housing finance reform

JPMorgan Chase CEO Jamie Dimon told shareholders this week that the U.S. housing finance system is “desperately” in need of reform, and claimed that the housing market’s status quo of the last several years left at least $1 trillion in mortgages on the table.

Dimon made those claims in his yearly letter to shareholders, where he comments on both the bank and the country’s overall financial picture.

Dimon is no stranger to using these letters to call for sweeping reforms. Two years ago, Dimon said that if certain mortgage lending and servicing reforms were put in place, there could be an increase of $300 billion in originations per year. The year before that, Dimon claimed that originating mortgages was basically a losing proposition for the bank, but said that Chase continued to lend for the good of its customers.

…continue reading the rest of this post: JPMorgan Chase CEO advocates for housing finance reform

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20th April 2019

Google Announces Plans to Invest $13 Billion in the Commercial Real Estate Market

One year ago this week, I was in Montgomery County, Tennessee to break ground for a new data center in Clarksville. It was clear from the excitement at the event that the jobs and economic investment meant a great deal to the community. I’ve seen that same optimism in communities around the country that are helping to power our digital economy. And I’m proud to say that our U.S. footprint is growing rapidly: In the last year, we’ve hired more than 10,000 people in the U.S. and made over $9 billion in investments. Our expansion across the U.S. has been crucial to finding great new talent, improving the services that people use every day, and investing in our business.

Today we’re announcing over $13 billion in investments throughout 2019 in data centers and offices across the U.S., with major expansions in 14 states. These new investments will give us the capacity to hire tens of thousands of employees, and enable the creation of more than 10,000 new construction jobs in Nebraska, Nevada, Ohio, Texas, Oklahoma, South Carolina and Virginia. With this new investment, Google will now have a home in 24 total states, including data centers in 13 communities. 2019 marks the second year in a row we’ll be growing faster outside of the Bay Area than in it.

…continue reading the rest of this post: Google Announces Plans to Invest $13 Billion in the Commercial Real Estate Market

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18th April 2019

Appeals court sides with Zillow in lawsuit over Zestimate accuracy

A federal appeals court sided with Zillow in a long-running lawsuit over the accuracy and marketing of the real estate giant’s controversial Zestimate tool.

A group of homeowners in Illinois sued Zillow in 2017, alleging that the Zestimate tool is often inaccurate and difficult to get changed, and that Zillow markets it as roughly equivalent to an appraisal. The homeowners argued that the tool undervalued their homes and made it harder for them to sell.

The homeowners appealed the case last year after their claims were twicedismissed. In a brief opinion, The U.S. Seventh Circuit Court of Appeals ultimately agreed with the judges’ prior rulings.

The court found that Zillow is honest about labeling Zestimate as only an estimate, not an appraisal. The process is most accurate “when errors are not biased to favor sellers or buyers,” so Zillow shouldn’t have to change Zestimate values when they come in lower than what homeowners expect, Judge Frank Easterbrook wrote in the opinion.

…continue reading the rest of this post: Appeals court sides with Zillow in lawsuit over Zestimate accuracy

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16th April 2019

Mortgage Rates Drop to Yearly Lows, Suggest Strong Spring Homebuying: Freddie Mac

MCLEAN, Va., March 21, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates dropped with the beginning of spring homebuying season.

Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates have dipped quite dramatically since the start of the year and house prices continue to moderate, which should help on the homebuyer affordability front. The combination of improving affordability and more inventory than the last few spring selling seasons should lead to improved home sales demand.”

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.28 percent with an average 0.4 point for the week ending March 21, 2019, down from last week when it averaged 4.31 percent. A year ago at this time, the 30-year FRM averaged 4.45 percent. 
  • 15-year FRM this week averaged 3.71 percent with an average 0.4 point, down from last week when it averaged 3.76 percent. A year ago at this time, the 15-year FRM averaged 3.91 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.84 percent with an average 0.3 point, unchanged from last week. A year ago at this time, the 5-year ARM averaged 3.68 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

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16th April 2019

VA Sr. appraiser Job available in Las Vegas

Vacancy No.CASK-10470283-19-NDBDepartmentVeterans Benefits Administration
Salary$62,973.00 to $81,871.00Grade11 to 11
Perm/TempPermanentFT/PTFull-time
Open Date4/16/2019Close Date4/18/2019
Job LinkApply OnlineWho may applyPublic
Locations:
LAS VEGAS, NV

Overview

  • Open & closing datesOpening and closing dates 04/16/2019 to 04/18/2019This job will close when we have received 100 applications which may be sooner than the closing date. Learn more
  • ServiceCompetitive
  • Pay scale & gradeGS 11
  • Salary$62,973 to $81,871 per year
  • Appointment typePermanent
  • Work scheduleFull-Time

Location

1 vacancy in the following location:

Relocation expenses reimbursed

No

…continue reading the rest of this post: VA Sr. appraiser Job available in Las Vegas

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12th April 2019

Vast Majority Think 2019 First Quarter is Good Time to Buy Home, says Realtor® Survey

WASHINGTON (March 20, 2019) – New findings from a National Association of Realtors® survey show that more Americans believe that now is a good time to purchase a home. Consumer opinions about home buying bounced back in the first quarter of 2019, with 37 percent stating that they strongly believe now is a good time to buy, up from 34 percent in the last quarter of 2018 but down from 38 percent one year ago. Only 35 percent of respondents said that now is not a good time to buy a home, compared to 37 percent in 2018’s fourth quarter.

NAR’s first quarter Housing Opportunities and Market Experience(HOME) survey 1 also found that a majority of those polled, 53 percent, said that the economy is improving – down slightly from 59 percent at the end of last year. In 2019, optimism is the greatest among those who earn $100,000 or more and those who reside in rural areas. Fifty percent of Generation X said the economy is improving, while 42 percent of urban area residents reported the same.

…continue reading the rest of this post: Vast Majority Think 2019 First Quarter is Good Time to Buy Home, says Realtor® Survey

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12th April 2019

Home Sales Are Expected to Stabilize as Affordability Improves, Fannie Mae Reports

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WASHINGTON, DC – Full-year real GDP growth is estimated to come in at 2.2 percent in 2019, unchanged from the prior forecast but down markedly from 2018’s 3.1 percent, according to the Fannie Mae Economic and Strategic Research (ESR) Group’s March outlook. The expected deceleration in growth is largely attributable to the fading fiscal impact from the Tax Cuts and Jobs Act, as well as continued sluggishness in business investment and consumer spending. Economic growth in the first quarter of 2019 is forecasted to slow to 1.3 percent in part due to consumer caution following significant volatility in households’ financial assets in the fourth quarter. The ESR Group also noted that risks to its forecast exist primarily on the downside, including slower global growth and ongoing U.S.-China trade uncertainty, but that sustained improvement in productivity and the central bank policy response to fourth quarter volatility will play an important role in shaping the full growth picture.

The ESR Group also continues to expect home sales to stabilize in 2019, with housing demand supported by a solid labor market and strong household formation.  Affordability, too, has improved by slowing house price appreciation and more attractive mortgage rates. Purchase mortgage originations are expected to expand in 2019 while refinancings contract.

…continue reading the rest of this post: Home Sales Are Expected to Stabilize as Affordability Improves, Fannie Mae Reports

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10th April 2019

Assistant Secretary for Housing-Federal Housing Commissioner Appriser Job in ATLANTA, GA

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Vacancy No.19-HUD-451-PDepartmentAssistant Secretary for Housing-Federal Housing Commissioner
Salary$78,446.00 to $101,983.00Grade12 to 12
Perm/TempPermanentFT/PTFull-time
Open Date4/5/2019Close Date4/19/2019
Job LinkApply OnlineWho may applyPublic
Locations:
ATLANTA, GA

Overview

  • Open & closing datesOpening and closing dates 04/05/2019 to 04/19/2019
  • ServiceSenior Executive
  • Pay scale & gradeGS 12
  • Salary$78,446 to $101,983 per year
  • Appointment typePermanent – Full-time
  • Work scheduleFull-Time – Career/Career Conditional

Location

1 vacancy in the following location:

Relocation expenses reimbursed

No

Telework eligible

Yes as determined by agency policy

This job is open to

…continue reading the rest of this post: Assistant Secretary for Housing-Federal Housing Commissioner Appriser Job in ATLANTA, GA

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10th April 2019

C&W Predicts Continued CRE Strength, Liquidity

Three themes anchor the U.S. commercial real estate investment outlook: U.S. economic performance, cycle maturity and the monetary policy outlook, said Cushman & Wakefield, New York.

“By and large these elements combined with the broader economic outlook point to continued strength and liquidity in the commercial real estate investment realm,” Cushman & Wakefield Chief Economist Kevin Thorpe said in the firm’s U.S. Macro Forecast. “With the threat of rapidly rising interest rates unlikely, most immediate valuation concerns have abated. However, a mature cycle still means that late-stage strategies are becoming more common and that the performance of the commercial real estate investment market will only become more nuanced.”

The report called sales activity “very robust” last year, the third-strongest year on record largely due to significant merger and acquisition activity. “Generally investment volumes saw sustainable growth across single-asset, mega-deal and portfolio sales–trends that are expected to continue–whereas we expect entity transactions to revert to more typical levels as a base case,” Thorpe said.

Retail and hospitality volumes increased more than other CRE sectors last year, reversing several years of declines for both. Cushman credited the retail sector’s increase entirely to merger and acquisition, but called the recovery in hospitality volumes more broad-based.

“The most favored asset classes at this point in the cycle continue to be multifamily and industrial, strength that seems set to continue,” the report said. “Suburban office sales appear to be stabilizing near record highs while central business district office sales recovered on margin following a sharp slowdown in 2016 and 2017.”

As the cycle continues to mature and fewer asset types and geographies see appreciation, aggregate pricing will likely decelerate, Cushman said. The Real Capital Analytics pricing index rose 6.5 percent in 2018, but the report predicted that index will increase 5.0 percent this year and only 3.8 percent in 2020.

“Although downside risks persist, the most probable scenario is that the U.S. expansion will continue, the momentum will continue and 2019 will be another healthy year for the property markets,” Thorpe said.

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