Explore post-election market trends, housing resilience, and the potential impact of tariffs as we look ahead to 2025. Get insights on mortgage rates, inventory shifts, and economic changes shaping the housing market and beyond.
The Marketwise Blog 001 Written by Marcus Leoni Election season is in full swing, with just a week remaining until Americans head to the polls to cast their votes for the next President of the United States. It seems like everything else pales in comparison to this pivotal event. In
As the popularity of short-term rentals (STRs) continues to rise, many real estate professionals and lenders have questions about how these properties are evaluated, particularly when it comes to Fannie Mae’s Single-Family Comparable Rent Schedule, known as Form 1007. This form is critical in documenting the estimated monthly market rent
Understanding the New Reconsideration of Value (ROV) Process: Rights and Responsibilities As of May 1, 2024, Fannie Mae introduced a new Reconsideration of Value (ROV) policy aimed at standardizing how lenders handle borrower-initiated appraisal disputes. This change establishes a clearer framework for borrowers who want to challenge their appraisal results.
OVerview The global economic landscape in Q4 2023 was shaped by the interplay of predictable macroeconomic cycles and modern monetary theories. Despite expectations of a demand slowdown, the broader economy remained resilient, with Federal Reserve Chairman Jerome Powell indicating a potential peak in policy tightening. This was reflected in the
The Importance of Accurately Measuring Square Footage in Real Estate Appraisals As a real estate appraiser, accurately measuring square footage is a crucial aspect of determining the value of a property. In order to provide a fair and accurate assessment, it is essential to have a thorough understanding of the
What Hurts a Home Appraisal: A Comprehensive Guide A home appraisal is an essential part of the home buying or selling process. It helps to determine the market value of a property, which in turn helps buyers, sellers, and lenders to make informed decisions. However, not all home appraisals go
How long does an appraisal take? Appraisals are a critical aspect of the real estate industry, which often leads to the question, “How long does an appraisal take?” If you’re looking to buy or sell a property, it’s essential to understand the appraisal process and how long it takes. In
BPO vs AVM: A Side-by-Side Comparison Broker’s price opinion (BPO) and automated valuation models (AVMs) are two popular methods used in the real estate industry to determine the value of a property. Both have their own unique advantages and disadvantages, and choosing the right method depends on the specific needs
