Lenders no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a "reconsideration of value."
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.
Housing affects every aspect of American life, Rachael Hite writes. This election, discover how each presidential candidate plans to reshape housing.
Buyers and sellers need their own agents as buffers to work through the challenges that every transaction presents, bi-coastal luxury agent Cara Ameer writes.
The Baltimore homeowner succumbed to cancer before she could celebrate a landmark appraisal bias win. She's part of a long legacy of Black homeowners who've died while fighting for their rights.
Lender revises appraisal policies and practices in wake of lawsuit by Baltimore couple who claimed their home was undervalued by more than $250,000 because they were Black.
If your client is frustrated by a lowball appraisal, even when they've done everything right to get ready for the market, there may be bias at work, Dr. Lee Davenport writes.
"Great leaders aren’t hired; they're developed," the real estate coach said at ICNY 2024, adding that brokerages who don't nurture great agents will lose them.
Paul Austin and wife Tenisha Tate-Austin sued appraiser Janette Miller in 2021 after a lowball quote prompted the couple to pose a white friend as the homeowner for a second appraisal.
The National Association of Realtors said increasing the nation's inventory is one solution to address homeownership gap. The trade group is eying 3 million net new Black homeowners by 2030.
Where are home prices falling? Let's map out the 253 cities that saw quarterly declines in the final three months of 2022. But there are indications that this isn't a repeat of the 2008 crash.
Clear Capital CEO Duane Andrews issued a statement on Wednesday saying the software company "must now face a market that will represent the greatest challenge yet."