by RMAA Website | Jun 3, 2022 | Appraisal News
“Residential and commercial appraisers often create floor plans of the structures they appraise and include those plans in their reports. For some assignments, such as certain appraisals for loans sold to Fannie Mae and Freddie Mac, floor plans are an assignment...
by RMAA Website | May 23, 2022 | Appraisal News
We’re already seeing the U.S. housing market slow down in the face of spiking mortgage rates. Mortgage applications are declining, fewer listings are getting multiple offers, and inventory levels are rising again. However, that’s a deceleration—meaning...
by RMAA Website | May 15, 2022 | Appraisal News
Join us on Monday, June 13th from 7:00-9:00 PM via zoom for our June class titled “FHA Appraisal Updates: HUD Region VIII Commonly Noted Appraisal Deficiencies.” HUD staff appraisers review appraisals for FHA forward mortgages, HECMs and REO properties to...
by RMAA Website | May 11, 2022 | Appraisal News
The three westside neighborhoods of Villa Park, Barnum and Barnum West join Chaffee Park, Sloan’s Lake and East Colfax in full rezoning. On Monday, Denver City Council approved the zoning changes, allowing the construction of the small backyard homes without...
by RMAA Website | May 10, 2022 | Appraisal News
As part of Fannie Mae’s efforts to promote quality in the loan origination process, Appraiser Quality Monitoring (AQM) was developed to provide appraisers and industry partners with actionable feedback to improve consistency, manage risk, and increase confidence in...
by RMAA Website | Dec 22, 2021 | Appraisal News
East Colfax is the latest neighborhood where homeowners in Denver will not have to seek city permission if they want to convert their garages into apartments or otherwise build second residences on their properties after the City Council on Monday voted to rezone...
by RMAA Website | Dec 15, 2021 | Continuing Education
Real estate appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject...
by RMAA Website | Dec 14, 2021 | Appraisal News
Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs. A gradual uptick in mortgage rates will make affordability a top consideration for home buyers, especially the 45 million Millennials aged 26 to 35 who are at...
by RMAA Website | Dec 7, 2021 | Appraisal News
Investors bought slightly more than 18 out of every 100 homes sold in the country in Q3 according to Redfin. The trend is similar in Denver, where investors snapped up just under 17 of every 100 house sales in Q3, which translates to about 2,800 homes. That’s an...
by RMAA Website | Nov 30, 2021 | Appraisal News
The Federal Housing Finance Agency Q3 report was released today. “House price appreciation reached its highest historical level in the quarterly series,” said William Doerner, Ph.D., Supervisory Economist in FHFA’s Division of Research and Statistics. “Compared to a...
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