Valuations

Appraisal volume hits a standstill in December

Holidays dent volume
As the month of December and the holiday season wraps up, appraisal volume recorded another decline for the week of Dec. 18. Since 2006, the week before Christmas has had a normal drop of around 7%, according to a la mode. In 2011, however, when Christmas fell on a Sunday as it did this year, the drop was 12.9%. Read on for more context on typical holiday declines.
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Appraisal volume halts as the holidays set in

Four-week average sinks lower
This week's appraisal volume report quickly put an end to the recent increases in volume witnessed the past couple of weeks. The drop doesn't come as much of a surprise though, since the holidays have slowed the ordering of appraisals.
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Homeowners nearly hit the mark on estimating home prices

Now just 1% off from appraised values
Homeowners got a step closer when it comes to estimating their home’s value. In fact, they are now only 1% off from appraised values. Quicken Loans’ chief economist expressed his hope that with this information the only surprises this holiday season are the ones wrapped under the tree.
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Appraisal volume rises two weeks straight

Pushes four-week average higher
Appraisal volume spent most of the fall seesawing up and down. When it did post a consistent trend, it trended down. The latest report from a la mode on appraisal volume, however, finally breaks that downward spiral.
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Is your company one of housing’s top tech innovators? Hurry up and prove it!

Deadline quickly approaching for 2017 HW TECH100
As the calendar ticks ever so much closer to 2017, the housing industry pushes ever so much further into the technological revolution, one that promises to reshape how the entire industry operates. We here at HousingWire, your loyal companions on this journey into the future, know that there are hundreds (if not thousands) of companies in the industry that are on the cutting edge of these exciting technological developments. We think everyone else should know that, too.
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Appraisal volume finally edges slightly higher

After weeks of declines
After weeks of consistent declines, appraisal volume finally posted an increase for the week of Nov. 13. But it’s hard to say how long this will last given the likely rise in interest rates. This chart gives a look back on how appraisal volume has performed.
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Trump unveils plan to dismantle Dodd-Frank Act

"Bureaucratic red tape and Washington mandates are not the answer"
Now that the dust is starting to settle from the election, a clearer picture is beginning to emerge of what types of actions President-elect Donald Trump will pursue once the “-elect” is removed from his title. Chief among those planned actions appears to a plan to “dismantle” the Dodd-Frank Wall Street Reform Act.
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These Freddie Mac mortgages won't need an appraiser

Won’t require appraisals as early as this spring
Freddie Mac takes a (small) controversial step towards using data instead of appraisers in the mortgage process. While these efforts could shorten the time to close and even save the buyers money, as might be expected, appraisers are pushing back against this decision.
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