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Interesting article from Marketwatch

Mark K

Thread Starter
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Joined
Jan 27, 2004
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Certified Residential Appraiser
State
Indiana
Last edited:

djd09

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May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
“Affordable” home price shot up 33% in less than two years

:rof: :rof: :rof:
 

bnmappraisal

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Nov 9, 2011
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Florida
From the OP article, this jumps out right away!
" Indeed, over the past few months the number of borrowers with active forbearances has declined. But that’s no reason for optimism. The more serious matter is how many homeowners are now delinquent. By the end of 2020, several million borrowers who have received mortgage forbearance will have gone nine months without making a mortgage payment. "
 

Elliott

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Apr 23, 2002
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Oregon
It was the best of times, it was the worst of times.
 

James Mpls

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Apr 4, 2010
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Certified Residential Appraiser
State
Minnesota
Interesting and very alarming if you have a lot of money/life savings invested in your home. It has appeared we have been on the edge of a housing prices cliff for quite some time now. The virus and the US government response to it is most likely just the catalyst to push us right off.
 

Restrain

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Jan 22, 2002
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Certified General Appraiser
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Florida
One good thing about appraising. You appraise the purchase, you appraise the refi(s), you appraise the pre-foreclosur, you appraise the foreclosure, and the cycle starts again.
 

TMG

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Jul 28, 2007
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California
So....instead of REFI appraisals, we'll be doing REO appraisals. Complete with plywood window coverings, cost to remove trash, etc, etc.
 

djd09

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May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
hahaha right into the covid foreclosure home. have fun helping the banksters clean up the misery.
 

jtinmichigan

Member
Joined
Feb 7, 2008
Professional Status
Certified Residential Appraiser
State
Michigan
One good thing about appraising. You appraise the purchase, you appraise the refi(s), you appraise the pre-foreclosur, you appraise the foreclosure, and the cycle starts again.
The problem is the lag time in between the refi work and the foreclosure work. It'll come, but it can take a while. Make hay while you can. Winter Is Coming...........
 
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