Isabel Wilkerson urged attendees at the Realtors Legislative Meetings at NAR midyear to roll up sleeves and fix the consequences of past racist policies without guilt, shame, blame or emotion. Continue reading
Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading
Appraisal Institute’s president Rodman Schley is addressing unconscious bias, amping up diverse recruiting and partnering with others who are also working to do what is right. Continue reading
Gov. Kristi Noem has been accused of committing an “abuse of power” while her daughter was trying to become a licensed appraiser. Continue reading
Mortgage giant Freddie Mac’s analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias. Continue reading
Whether they’re assigning work to commercial appraisal firms or individual appraisers, lenders can now automate more of the process, eliminating manual tasks and gaining increased transparency with real-time monitoring, status-driven alerts and a detai… Continue reading
The current widespread misuse of the word “appraisal” may not uproot long-established mores, but everyone should raise their antenna a bit if they’re attempting to suggest a CMA is not an appraisal. Continue reading
Agents told Inman that they typically only see a small proportion of backup offers become primary offers, but the tactic can still prove beneficial for both seller and backup buyer. Continue reading
The valuations of an Indianapolis property owned by Carlette Duffy’s, a Black woman, more than doubled when she removed anything from her home identifying her race. Continue reading
With some agents seeing upwards of 20 or more offers on their listings in today’s market, the process can quickly become overwhelming for everyone involved. Here’s how to sift through what’s important and help sellers make the best decision. Continue reading