Real estate property values, appraisals and AVMs. National, state, and local shifts in HPIs.


  • Expert: Alternative valuations could drive up consumer costs

    Could be seen as higher risk mortgages
    While alternative valuation solutions could speed of the lending process, it could also make the mortgage a higher risk product, and drive up interest rates for consumers. Loans employing other valuation platforms will clearly have the perception of higher risk factors than traditional appraisals, one expert explained.
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  • CoreLogic: Home-price gains will pick up speed

    U.S. annualized home prices probably will jump 5.4% by July 2020, according to forecast
    Home-price gains will pick up speed in the coming year, with a 5.4% jump in the 12 months following July 2019, according to a forecast from CoreLogic. That would be a faster pace than the 3.6% annualized increase seen this July, CoreLogic said. Low mortgage rates coupled with a scarcity of inventory are driving the increase, the data firm said.
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  • Black Knight: Home price growth rate increases for first time in 16 months

    Home prices still increasing
    Home price growth continued to slow for the 16th month in July, according to the latest data from Black Knight. As home price growth continues to slow and interest rates fall, home buyers could see an increase in affordability, according to a first look at the Black Knight Home Price index, which will be released in September.
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  • Class Valuation promotes Stephanie Holdsworth to COO

    Holdsworth has been with the company for just two months
    Appraisal management company Class Valuation has promoted their Senior Vice President Appraisal Operations Stephanie Holdsworth, to Chief Operating Officer. Holdsworth was hired as the senior vice president, appraisal operations just this July.
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  • Homeowner "tappable equity" reaches an all-time high of $6.3 trillion

    Americans are sitting on a boatload of cash
    Tappable equity reached an all-time high of $6.3 trillion in the second quarter as home-price gains made real estate more valuable. The amount of equity homeowners could borrow against before hitting the 80% loan-to-value limit imposed by most lenders rose by $335 billion during the three-month period, according to Black Knight. The new record high is 26% above the 2006 peak in the midst of the housing bubble.
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  • From HW Magazine

    Valuations: New tech, new approaches

    Time for an update on AVM programs and practices
    Sweeping changes periodically realign the mortgage industry in part or as a whole. They may come after a seismic economic shift, a spate of new regulatory requirements resulting from a financial crisis, or, on the positive side, a groundbreaking technological innovation.
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  • Expert: AVMs will soon represent 70% of valuations

    Represent a viable option for much of the current origination volume
    Automated valuation models often come under special scrutiny as mortgage experts seek to increase technology in the industry while warding off the possibility of another housing crisis, but one expert explained why AVMs could work in today’s mortgage lending environment.
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  • Zillow is watching: New algorithm uses photos of your home to check quality and curb appeal

    Zestimate’s upgrade is a "building block" for expanding Zillow’s iBuying, chief economist says
    You know that dead shrub in the front yard that needs replacing, or that white picket fence that’s flaking paint? Better take care of that if you don’t want your home’s Zestimate to decline. Zillow announced on Thursday it has a new algorithm that uses photos to help decide the appeal and worth of your home. In some cases, Zillow even knows what the inside of your kitchen looks like.
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