Appraisal News and Business Tips

real estate market

7-15-16 Newz//CU Crumbles-Refi mania-Urbanization since 3700 BC

The history of urbanization, 3700 BC – 2000 AD

Watch as the world’s cities appear one-by-one over 6,000 years

Fascinating!! Take a break from appraising and check this out!!

By 2030, 75 percent of the world’s population is expected to be living in cities. Today, about 54 percent of us do. In 1960, only 34 percent of the world lived in cities.

Urbanization didn’t begin in the 1960’s. But until recently, tracking its history much further back than that was a challenging task. The most comprehensive collection of urban population data available, U.N. World urbanization prospects, goes back only to 1950. But thanks to a report released last week by a Yale-led team of researchers, it’s now possible to analyze the history of cities over a much longer time frame.

http://metrocosm.com/history-of-cities/

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419.99 Mile Marker

Just For Fun

When zealous marijuana enthusiasts kept stealing the “Mile 420” highway marker, the State of Colorado got creative.

Another obscure factoid from atlasobscura.com ;>

Since the recreational use of marijuana was made legal in Colorado in 2012, the “Mile 420” post became a hot commodity. So hot, it kept disappearing – and the Colorado Department of Transportation got tired of replacing it.

Check out the photos (and try not to click on too many of the other weird stuff) at:

http://www.atlasobscura.com/places/41999-mile-marker

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Refis skyrocketing per Zillow – Brexit

Read more!!

5-12-16 Newz .Geographic competency .Killing home values .Fair housing

The Most Insane Property Description Ever

Short descriptions, click here for some humor!! Reminds me of the times I am driving to the subject, hoping the house ahead is not the one I am appraising… Probably not the Most Insane, but definitely reality-based!!

http://www.thebrokeagent.com/blog-1/2016/4/the-most-insane-property-description-ever

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These Neighborhood Amenities Can Kill Your Property Value

Excerpt: In real estate, the phrase “cash is king” is oft overused. However, if you’re struggling to sell a house in a bad ‘hood, then you already know that in reality, location is king. Purchasing a home in a great area, or an area that is up-and-coming, can help maximize the value of your home investment.

So what can tear your property value down faster than a tree through the roof? The following infographic from Realtor.com offers insight-and some will surprise you!

Link to original article:

http://blog.rismedia.com/2016/these-neighborhood-amenities-can-kill-your-property-value

My comment: Of course, the effect on value varies by location – cemeteries for example.

Read more!!

4-14-16 Newz .Bad Banks .10 Very special homes .Future of appraising

Poll: Generally speaking, how accurate do you find MLS data in your area?

 

This week’s poll: “Now that we have been living for some time with all the new rules governing residential appraisal, do you still enjoy doing the actual appraisal work?” Go to www.appraisalport.com and vote!!

My comments: I have no idea why so many people think that MLS data is correct!! Of course, it does vary a lot among MLSs. In my area it is “reasonably accurate”, except public records data is often used (and the source disclosed). For example, on the weekly open house tour last week, an agent had 2 bedrooms in the listing, because “that is what public records says”. The second bedroom was tandem with another bedroom and very small. We all know how (inaccurate) public records are. Somehow, everyone, including some appraisers, think it is accurate. Or, worse, try to make their appraisals match public records to avoid callbacks.

To make a comment, scroll down to the post below and read other appraisers’ comments and post your own!!

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10 homes that changed America (PBS – April, 2015)

Excerpt: In its 10 Homes That Changed America, a three-part series, PBS discusses the many ways that America has been shaped by its iconic and important architecture. According to series host Geoffrey Baer, narrowing the millions of houses across America down to ten examples was a challenge. The tv show tours the ten homes that have not only passed the test of time but also paved the way for those that followed.

Here are a few, with photos and brief descriptions at the link below:

– Taos Pueblo, New Mexico (circa 15th century)

– Glidehouse, Novato, California (2004)

– Mid-19th Century Tenement, New York City

http://www.architecturaldigest.com/gallery/tour-10-homes-changed-america-pbs

My comment: Fascinating!! The first one of the 3-part series has already aired. Be sure not to miss the rest. I will let you know when the first one is available for viewing online.

Read more!!

3-31-16 Newz .College degree .1004mc .Home price recovery

Man moves to San Francisco, pays $400 a month to sleep in wooden box in friends’ living room

Excerpts: With the median rent for a one-bedroom apartment at $3,670 a month, the city’s housing crisis has pushed frugal renters to the edge of their comfort limits.

From tents to trucks, the next logical step in San Francisco has taken shape – in the form of a literal box.

Very interesting!! Check out the comments, video, photos, and the rest of the article at:

https://www.washingtonpost.com/news/morning-mix/wp/2016/03/29/man-moves-to-san-francisco-pays-400-a-month-to-sleep-in-wooden-box-inside-friends-living-room/

My comment: I live 10 miles from San Francisco. Rents in my city are well below San Francisco’s, but have increased 50% over the past 3 years. I don’t know anyone living in a box, but I do have friends who left the state to find affordable housing. Many others are worried that their rents will go way up any day. I am very glad I am an owner, not a renter. San Francisco has strict rent controls, but I don’t know if it applies to boxes… I gotta increase the rents on my apartments!! Greedy (or Evil) landlord ;>

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College degree requirement misguided

By David Brauner

Excerpt: The college degree requirement seems more like a forced attempt at elevating the status of the profession by closing the club, and that strikes me as elitist. Not everyone has the opportunity, resources or aptitude to attend and/or flourish in college…

The requirement is even more dubious when you consider that a degree in any subject passes muster for becoming a Certified Appraiser, no matter how unrelated (think French Literature for instance), while someone with the skills to flourish in this business would be shut out for all intents and purposes without a degree.

Read more!!