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Real Estate
12% of home sales fall through due to low appraisals
By
Mike Wheatley
| October 13, 2021
US Real Estate
Freddie Mac analysis finds racial gap in home appraisal valuations
By
Mike Wheatley
| September 24, 2021
Freddie Mac has raised concerns that appraisal values are more likely to come in below the contracted sales price in Black and Latino neighborhoods than in those that are prominently white. That’s according to an analysis of 12 million appraisals for purchase transactions on single-family homes submitted to it between 2015 and 2020. From the […]
Mortgage
,
US Real Estate
FHFA considers changes to the home appraisal process
By
Mike Wheatley
| January 13, 2021
The home appraisal process could be about to get a makeover, as the Federal Housing Finance Agency has requested public input on its policies and practices regarding the way they’re carried out. The FHFA is the body that regulates the mortgage financing giants Fannie Mae and Freddie Mac. Home appraisals are an important step in […]
Mortgage
,
US Real Estate
Low Appraisals No Longer Causing Problems
By
Mike Wheatley
| May 17, 2013
Throughout the housing crisis, one of the biggest stumbling blocks faced by real estate agents, buyers and sellers alike has been the appraisal process. Would the appraised value be lower than the agreed sales price, and if so, how much lower would it be? It's thought that thousands of potential transactions have been derailed due to lower-than-expected appraisals.
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