News Archive

Are BPOs Driving Down Home Prices?

Ken Harney reports in today’s Washington Post that one cause of decreasing home values could be the reliance on broker price opinions (BPOs). BPOs are becoming big business to REALTORS but some fear there is incentive to undervalue short...

Cashing in on HVCC

At least one company is seeing the financial benefits of the upcoming implementation of the HVCC on May 1, 2009. SharperLending, LLC offers Appraisal Firewall, which is a secure, online technology tool that allows lenders and appraisers to maintain...

How Baltimore Ensures NSP is NOT Destabilizing Their Market

The Neighborhood Stabilization Program requires that a foreclosure be purchased for 15 percent below market value. This requirement has caused concern among some that the discount requirement will result in a steeper decline in housing prices and further destabilization....

Heavyweight Fight

In this corner it’s the linchpin of the mortgage transaction, relied on for the most accurate valuation of residential real estate – the appraisal. In the opposite corner is the challenger, known for accurate market values and generally more...
January 16, 2009

NYC Inflates Land Value of New Yankee Stadium

According to Wednesday’s New York Daily News, aides to Mayor Bloomberg put pressure on city tax assessors to inflate the value of land under the new Yankee Stadium to ensure the team qualified for $1 billion in tax-free bonds....
December 18, 2008

Just When You Think It Can’t Get Worse for Appraisers

Thieves in Ocala, Florida broke into the offices of Grace Appraisal Services stealing only the computers and, of course, the surveillance cameras. Other expensive office equipment was left behind. The computers contained information on appraisal clients JPM Chase Bank,...
December 12, 2008

AMC Model Legislation Proposed

Last week the Appraisal Institute announced draft legislation for states to regulate appraisal management companies (AMC). AI worked with the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent...
November 11, 2008

Who Serves Whom?

Blog about NAR and the Appraisal Institute coming away from the table without an agreement and what members want and need from both organizations. ...
November 10, 2008

Appraise Your Appraiser

Here is an interesting Q&A with a professor from the Wharton School of Business, where she discusses the appraisal profession. Why are home appraisals so crucial to the home-buying process? Real estate is the most important asset in terms...
October 8, 2008

The Value of this Bailout

————————————————————– My Plan: If the U.S. Government is going to spend taxpayer money to buy homes from banks, (and that’s essentially what this bailout is) then it would be nice if they got a new appraisal for each those...
September 23, 2008