Appraisal Industry Innovations
Recent innovations in the home valuation industry include improvements to the appraisal review process, appraiser performance measurement and enhanced desktop appraisals.
Home Price Gains Begin to Slow
Home price indices continued to rise during the most-recent month. But one HPI indicated the rate of increase is slowing, while a forecast has a month-over-month dip ahead.
Existing Home Sales Up, Northeast Jumps
A burst of activity in the Northeast was out front of a month-over-month escalation in existing home sales. Still, there was a year-over-year decline.
Home Price Appreciation Likely to Moderate
National home prices continued to make gains, but the pace of appreciation is likely to moderate. While the biggest gains had been concentrated in the Northwest, other high-growth areas are emerging.
West Leads Modest Rise in Existing Home Sales
The first increase in existing home sales during the last four months was led by sales in the West. Hurricanes likely restrained activity in the South.
Freddie Updates Appraisal Requirements
Updates are being made to the Federal Home Loan Mortgage Corp.'s appraisal policies. The change is being made to streamline requirements.
Bank Regulators Waive Appraisals in Hurricane Areas
In an effort to help the recovery of areas impacted by the recent hurricanes, federal banking regulators have temporarily waived the requirement for an appraisal.
Home Prices Indices All Up
Led by the Pacific Northwest, the nation's home prices continued to move higher on a year-over-year basis -- with some indices at record highs. On a month-over-month basis, East Coast states led the gain.
Existing Home Sales Fall to 1-Year Low
It's been a year since the annual rate of existing home sales was as low as it was last month. Hurricane-affected areas are expected to weaken next year.
AVMs, Appraisal Tools Among New Valuation Offerings
Several new appraisal products include an automated valuation model, an appraisal ordering tool and a service that compares multiple appraisals.