Newz: Time Adjustments, 2025 ASC Appraiser Data Analysis, Fannie Fraud
April 25, 2025
What’s in This Newsletter (In Order, Scroll Down)
- LIA ad – Weather Impact
- I Went Down to the Crossroads – Time Adjustments By Tim Andersen, MAI
- Occidental Treehouse Named California’s Most Wish-Listed Airbnb
- Analysis of 2025 ASC Appraisal License Data By Chase Pursley
- Fannie Mae Fraud and Abuse Exposed By Jeremy Bagott, MAI
- Appraiser Growth and Profitability: Key Things to Focus On By Isaac Peck, Publisher
- Mortgage applications decreased 12.7 percent from one week earlier
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I Went Down to the Crossroads
Time Adjustments
By Tim Andersen, MAI
Excerpts: Is real estate appraisal, with the issue of more detailed time adjustments, at another cross roads now? In the past, appraisers simply smoothed changes in sales prices over time by measuring prices as of January 1st, then again as of December 31st. If they went up an average of six percent (6%) annually, then the appraiser made a one-half percent adjustment each month.
This protocol inflates prices at six percent (6%) per year, true. But it does not reflect the fact that for the first three quarters of the year prices may have increased at twelve percent (12%) per year, then in the last quarter went flat with a zero percent (0%) price change.
In this example, consider that a comparable sale going under contract at the beginning of the fourth quarter of the year would merit no time adjustment whatsoever. Nevertheless, the appraiser using the smoothing technique will adjust that sale upward at one-half percent per month over a time span when the market is actually flat. That appraiser is merely filling forms, not appraising. How so?
To read more, Click Here
My comments: Very good article on the “new” time adjustment techniques. Interesting music analysis and how it applies to appraising.
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Occidental Treehouse Named California’s Most Wish-Listed Airbnb
Excerpts: Nestled among towering redwoods in western Sonoma County, the Spectacular Spyglass Treehouse in Occidental has earned the title of California’s most wish-listed Airbnb, part of the vacation rental platform’s roundup of top-trending stays in each U.S. state.
Perched high in the forest canopy, the Spyglass Treehouse — designed and built by Artistree Home — offers guests the rare chance to sleep among the redwoods without sacrificing luxury.
The one-bedroom retreat features a king-size bed, high-speed Wi-Fi, floor-to-ceiling windows with panoramic forest views, a cedar hot tub and an indoor infrared sauna.
To read more, Click Here
My comments: A cabin near the redwoods was one of the first places I lived after moving to San Francisco from Oklahoma in 1968. I became fascinated with redwoods. Very close to my cabin was a small redwood grove. I used to go there and lie down to watch the trees. Later I traveled and saw redwoods that were much larger. I am now living about 5 miles from redwood groves to visit