Stable Market

[J Grant]

Good point.
Appraiser can interpret trend based on past year or 6 months?
Or regardless in the past, current price trend which can be different. Appraisers have so many ways to interpret.

Since the question is asked in the present tense ( Are values increasing or declining?), the current price trends should prevail.

 

[TerryRohrer]

Since the question is asked in the present tense ( Are values increasing or declining?), the current price trends should prevail.

You should make an effort to provide accurate information. The actual standard is:

"The trend indicated in the appraisal report must reflect the overall movement of the market based on a minimum of 12 months of data."

B4-1.3-03, Neighborhood Section of the Appraisal Report (06/04/2025)

This topic contains information on reviewing the Neighborhood section of the appraisal report form, including:

selling-guide.fanniemae.com

As DWiley has clarified in the pages, if prices move up for 6 months, and then are unchanged for 6 months, the price trend to report is increasing, even if prices over the past six months have been unchanged.

 

[Fernando]

Since the question is asked in the present tense ( Are values increasing or declining?), the current price trends should prevail.

Yet the 1004MC emphasizes on past trends, thus appraisers rely on those figures.
Never understood just like comparing to stock market.
Who cares the trend past 6 months or year for stocks. More important is what's happening now.

 

[djd09]

And therein lies the problem, or at least part of it.

And some wonder why the lenders are moving to Waivers and AVMs.

you must of not seen lowballed...

 

[Dublin ohio]

Obviously, expand the neighborhood if need be. Do I have to tell you how to analyze?

True form filler, just expand the neighborhood to fill out the form instead of putting the correct data on the form

 

[Dublin ohio]

Can't be zero

Why?

 

[Fernando]

True form filler, just expand the neighborhood to fill out the form instead of putting the correct data on the form

Reviewers allow it and accept it. Stop overthinking and move on to next appraisal.

 

[Fernando]

Why?

Again, if reviewers say so. Stop overthinking and move on.

 

[Dublin ohio]

Reviewers allow it and accept it

Just because someone accepts a lie doesn't change the fact that it is still a lie

 

[Fernando]

Just because someone accepts a lie doesn't change the fact that it is still a lie

We don't get paid enough to put our idealist views to the reviewers.