Collateral Underwriter Update from Fannie Mae
Source: Appraisal Buzz
The Buzz staff recently asked Zach Dawson, Director of Collateral Policy and Strategy, Fannie Mae, to provide appraisers with an update on the development of Collateral Underwriter.
A few of the questions:
– Buzz: Can you bring us up to date on CU? What have you learned from this data initiative?
– Buzz: Can you tell us more about AQM and the objectives of that project?
– Buzz: How many appraisers does Fannie Mae refuse to accept appraisals from?
My comment: Definitely hits the Hot Topics!! Nothing much new, but good to directly from Fannie Mae, in writing…
Can Living Near a Starbucks Boost Your Home Value?
It seems that being close to a Starbucks does have a marked effect on home values, particularly in the East, according to a Zillow report.
Between 1997 and 2014, homes within walking distance, or one-quarter mile, of a Starbucks appreciated 96 percent. Compared to the national average for the same time period, 65 percent, it seems having a barista close by is a smart real estate move.
Does a new Whole Foods or Trader Joe’s in Your Neighborhood Increase Your Home Value?
A 2015 study by the real estate information company RealtyTrac analyzed this trend. The study included 4 million homes located in a ZIP code with either a Whole Foods or Trader Joe’s location, finding that average property values in a ZIP code with Trader Joe’s appreciated by about 40 percent since they were purchased, while homes with a Whole Foods in the ZIP code appreciated by nearly 34 percent, which matches the national average increase according to the survey.