Newz: PAVE Problems, Outdated Mortgage Regulations
May 30, 2025
What’s in This Newsletter (In Order, Scroll Down)
- LIA ad: Should I Complete this Assignment?
- Pending Sales May Be Your Secret Weapon To Accurate Listings and Appraisals
- $3.69 Million ‘Tron’-Inspired Mansion With ’80s Speakeasy and Ferrari-Themed Office
- The Full Measure: May 2025 Housing Market Recap for Appraisers
- TEAPOTS Exposed: The PAVE Initiative’s Illusion of Justice
- Outdated Mortgage Regulations
- Mortgage applications decreased 1.2 percent from one week earlier
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Pending Sales May Be Your Secret Weapon To Accurate Listings and Appraisals
Excerpts: Bottom line: Pending sales show you what’s happening now and where prices are headed. Skip them, and you’re stuck looking at yesterday instead of today.
Closed Sales Lag—Pendings Lead
The Built‑In Delay
- A March 1 contract might not close until late April. By then:
- Rates could move 50–75 basis points.
- A new round of housing inventory could hit the market.
- Economic news—jobs reports and inflation scares can spook buyers.
Appraiser’s View: How We Use Pending Sales (Even When We’re Handcuffed to Closings)
Time adjustments
Compare contract prices to 30‑60‑day‑old closings to justify ± market‑trend tweaks. If pendings are 3 % higher, you can show upward pressure — great ammo for your list price.
Feature bracketing
No pool comps closed? A pool home pending $25 k higher becomes my clue. Helps you price premium features correctly.
To read more, Click Here
My comments: Good discussion of many aspects of using pendings. Written for real estate agents, but many good tips for appraisers. I always look at pendings, including the ratio of pendings to listings. I got some good ideas from this blog post. I have been appraising for 50 years. I like learning something new!
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$3.69 Million ‘Tron’-Inspired Mansion With ’80s Speakeasy and Ferrari-Themed Office
Excerpts: 3 bedrooms, 3.5 baths, 4,853 sq.ft., 8,509 sq.ft. lot
Futuristic, three-bedroom mansion that was inspired by the hit 2010 sci-fi movie “Tron: Legacy” has made a high-speed return to the market in Dallas, where it is listed for $3.69 million.
The decked-out dwelling, which also boasts an auto showroom in the living room and a Ferrari-themed home office, has been driven right to the top of the week’s most popular home’s list, after pulling in a huge amount of interest from buyers thanks to its very unique aesthetic.
Opulence abounds in every room of the property, which is spread across 4,853 square feet and includes a 1980s speakeasy with “turquoise tufted walls,” as well as a dramatic two-story living room with soaring ceilings.
To see the listing with 40 photos and a virtual tour, Click Here
My comments: See the wild interior photos with Ferraris and many unusual features!