Valuations

Real estate appraiser wins invasion of privacy lawsuit against CoesterVMS

Brian Coester admitted to hacking into an appraiser's personal email. Now a judge says he'll pay damages
It’s been a rough couple of months for Brian Coester, and it doesn’t seem like things are turning around just yet. The owner of the now defunct CoesterVMS, once one of the largest AMCs in the country, just lost a legal battle with an appraiser who sued Coester for hacking into his email, and now Coester will likely be forced to cough up damages.
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FHFA: American home price growth crawls forward in April

Home price appreciation rises only 0.4% from the previous month
Home prices crawled forward in April, rising only 0.4% from the previous month but up 5.2% from 2018, according to the latest monthly House Price Index from the Federal Housing Finance Agency. The report explains that across the nine census divisions, the Mountain Division once again experienced the strongest appreciation growth.
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Class Valuation hires Fannie Mae's Tim Staudenmaier

Joins team as director of Digital Strategy
Collateral valuation and appraisal management company Class Valuation has hired Tim Staudenmaier as its new director of Digital Strategy. Staudenmaier will focus on technology and processes that support the modernization of valuation and collateral risk assessment.
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The HGTV effect: 60% of home shoppers are willing to renovate

Inspired by seeing remodeling in "tidy" segments
About 60% of people looking to buy a home are willing to consider a property that needs renovating as rising prices make it harder to afford a turnkey listing, according to Realtor.com. Most of them were inspired to take on the projects by watching TV home renovation shows on networks like HGTV, according to the report.
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Class Valuation snatches up another AMC

Acquires Texas-based appraisal management company Janus Valuation & Compliance
Class Valuation, a real estate collateral valuation and appraisal management company, has acquired Janus Valuation & Compliance. The deal is the second AMC acquisition the Michigan-based 2019 Tech100 winner has made in the last six months and one of several big steps Class Valuation has taken since it was acquired by Narrow Gauge Capital in March 2018.
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