Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing process.
In this article, we try to shed light on potential paths the industry might take moving forward given trends in demographics, training, and automation. This analysis suggests that while industry constraints may improve in the short-run, the long-term constraints are significant. Furthermore, neither expanded training of new entrants nor automation alone will solve anticipated growth in demand on the appraisal industry.
This first episode of the Center for REALTOR® Development podcast focuses on pricing strategies. Our guests provide some different perspectives on pricing strategies in today’s real estate market for both buyers and sellers. Melanie McLane and Rob Mehta share their expertise on both basic and more advanced areas to consider when pricing homes. In addition, they talk about how Realtors® can work best with appraisers, AVMs, and how to use Realtors Property Resource® (RPR®) tools.
In a comparative market analysis (CMA), a Realtor® will want to look at solds,... Read More
WASHINGTON (May 17, 2017) – Any perceived shortage of appraisers may be location specific and dependent on whom you ask, but there is universal agreement that more needs to be done to keep appraisers in the profession and attract new talent. That’s according to panelists yesterday at a property valuation forum at the 2017 REALTORS® Legislative Meetings & Trade Expo.
Watch the full video of 2016 NAR Real Property Valuation Committee Chair Michelle Bradley's testimony before the House Committee on Veterans' Affairs – Economic Opportunity Subcommittee.