Market Conditions and Home Price Forecasts for 2023, with Mark Palim

Today on the Appraisal Buzzcast, host Hal Humphreys speaks with Steve Kahane, Instructor at Appraiser eLearning. Why should appraisers be worried about properly supporting their adjustments? Why should people take a class on Creating Credible and Supported Adjustments? And do we need to be scared of Big Data?

Interested in taking Steve's class? Register for "Believe it or Not: Creating Credible and Supported Adjustments" here: https://appraiserelearning.com/product/believe-it-or-not-creating-credible-and-supported-adjustments-live-zoom-class-march-21st/

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

On today's episode, host Hal Humphreys talks with Jim Amorin, Author of The Generative Shift: Preparing Appraisers for Artificial Intelligence Models Like ChatGPT. How is AI going to change the industry for appraisers? How will it play into valuation modernization? And what can appraisers learn from Jim Amorin's book about it?

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

What's the difference between a manufactured, modular, and mobile home? Do comps always have to be manufactured homes?

In this episode, our guest Cathy Putegnat will talk about common problems and misconceptions with appraising manufactured homes, including how to tell a manufactured home from a modular home and  what to do if there are few or no manufactured home comparables available.

Cathy's new course at Appraiser eLearning, Appraising Manufactured Homes, covers all that and more. Check it out live via Zoom on April 25th & 26th.

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday! 

Is modernization killing the appraisal business? 

John Dingeman, Chief Appraiser at Class Valuation, says no. He's so bullish on the appraisal business that he supported his daughter becoming an appraiser. Join us to learn more about what modernization actually means for the future of appraisers.

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday! 

Some cities and states have long restricted the construction of accessory dwelling units, or ADUs—also known informally as in-law apartments or granny flats. Typically, an ADU has its own kitchen, living area, and a separate entrance. It can be a standalone structure or a converted basement or attic, but it shares utilities with the primary house. But recently, HUD released some new guidelines about ADUs, including how appraisers analyze ADU market rent.

Hal's guest Tobias Peter, co-director of the American Enterprise Institute Housing Center, wrote a detailed report about ADUs, with case studies on how ADU regulation affects real estate and rental markets in Seattle, Portland, and LA. In this episode, Hal and Tobias discuss that report and the current public debate about whether easing restrictions on ADUs could help alleviate the nation's housing shortage and soaring housing costs.

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

On today's episode, host Hal Humphreys speaks with Craig Steinley, immediate past president of the Appraisal Institute. Steinley briefs us on what appraisers can expect from the market in 2024: Will we see a rebound as interest rates begin to fall? What's on the horizon with AI?

Stay tuned for the anonymous appraiser question! (hint: It's about PAREA.)

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

In this special edition of the Appraisal Buzzcast, our host Hal Humphreys traveled all the way to the United Kingdom to visit with Chris Thorne, who's kind of an icon in valuation circles across the pond. He's been in the appraisal business for more than five decades. He started out in the 1970s with a small Bristol practice that covered England and Wales, then worked at several large firms after that. In 2010, he began a five-year stint as technical director of the International Valuation Standards Council, which is basically an international version of USPAP. Chris is also a Fellow of the Royal Institute of Chartered Surveyors, which has been around since 1868. Listen in as Hal and Chris talk about what's different (and what's not) about appraising in the U.S. and the U.K.

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

On today's episode, host Hal Humphreys speaks with Bill Waltenbaugh, SRA of NEX Valuation. Bill tells us about his history in the industry before diving into what appraisers can do right now through AI and ChatGPT to help with their appraisals today. Is AI something that replaces appraisers, or is it a tool to help appraisers do their job better? And where do we think things will stand in five, ten , or twenty years?

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

In today's episode of The Appraisal Buzzcast, host Hal Humphreys speaks with Chase Pursley, Founder of Appraisal Inbox. Chase tells us about his history in the industry, as well as how technology is changing the way appraisals are done. How does the commercial space compare to the residential space with bringing in new technology? How is artificial intelligence affecting the appraisal and valuation industry? Should appraisers be worried about this taking their work, or is it a tool they can use to help themselves?

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!

In today's episode, host Hal Humphreys chats with Kenon Chen, EVP of Strategy and Growth at Clear Capital. Kenon tells us a little bit about his history in the industry, as well as his focus on the topic of appraisal modernization. What does appraisal modernization look like? How is it changing how the appraisal process works? What are some out-of-the-box ideas we are hearing about with appraisal modernization? What changes will be the most difficult to implement, considering how we’ve always done things in the industry?

Want to hear more? Check out Kenon Chen's article for Housing Wire here: https://www.housingwire.com/articles/how-proptechs-are-adapting-in-a-changing-market/

At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Subscribe and turn on notifications to catch our episode premieres every Wednesday!