Thanks for reading. Please leave any comments or questions ..read more

Mr. Ratterman lives in the Indianapolis area with his wife of 36 years, Jeanine. They have four grandchildren who all live in their area. His contact information is listed on the Appraisal Institute website ( (I am not getting paid for any sales) ) and can be located by clicking on “Find an Appraiser ..read more

Hope this adds to your understanding of residential real estate markets. This website has instructions on how to show two time series on the same graph like the example above . After six months of being cooped up from the Covid-19 pandemic, buyers want a larger home. Here’s his chart showing the trends in the Sacramento region ..read more

Are you seeing the same things in your markets ..read more

Let me know if you have any questions. Hope to see you soon at the class. Leveraging Analytical Tools to Assist the Appraiser ..read more

And thanks to Len Kiefer for sharing the charting tool built into the Freddie Mac website. My local MLS has data going back to 1998 for my county. That’s great for the past 23 years but what if a client wants a date of value before then? In the past two years I have had requests for appraisals dated in the 1980s and early 1990s on multiple occasions. Each time I used the FMHPI to determine market trends and calculate time adjustments ..read more

If your timing was great, your median home purchased in 2012 for $199,000 has increased $311,000 to $510,000 today! I wrote about compositional effects recently ..read more

Appraisal volume ties directly to interest rates. When rates fall, mortgage financing rises and drives appraisal volume up. When rates rise, appraisal volume falls. However, as shown above, the number of appraisers in the US who work with lenders has been relatively stable over the past eight years. The interest rate cycle rises and falls much more rapidly than the time it takes to develop a productive appraiser, causing appraiser shortages in times like now ..read more

Brownie points to anyone who was not on the Yolo County Association of Realtors call last week who can tell where this is: , the MLS for my region and part of the . I’m very fortunate to have such great data partners. Great time to sell, terrible time to buy ..read more

A ..read more