ASAP Appraisal Services, Inc

11/23/2023

Happy Thanksgiving Everyone! 🦃 ❤️

01/17/2023

Realtors, join us for some GIF fun in Chandler!

10/24/2022

For my Realtor friends! https://www.nar.realtor/magazine/real-estate-news/sales-marketing/the-appraisers-role-isnt-to-kill-your-deal?utm_term=F9255EEF-5929-489F-B596-F5ADF6D92FBF&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=12F389ED-482D-4FAD-8EB3-F41E1C94CE52&fbclid=IwAR19R9UF4ZvR8QLKbav8Li58zXNWq8Ng4N8divamhdPGdFk66auvjJQ6VDc

Appraisers start from a high bar before they can take on their own assignments, but agents can still play a role in helping them determine valuations accurately.

07/29/2022

Realtor friends! I'm looking to bridge the gap between agents and appraisers! Can't we all just get along? Let's have an open dialogue on how the appraisal process works and how we can help each other understand from different points of view! Let's learn from each other! Come hang out, have some lunch, and let's chat! Scan the code on the photo to join! Tessi Willis

05/04/2022

Realtor friends! I'm looking to bridge the gap between agents and appraisers! Can't we all just get along? Let's have an open dialogue on how the appraisal process works and how we can help each other understand from different points of view! Let's learn from each other! Come hang out, have some lunch, and let's chat! Scan the code on the photo to join! Tessi Willis

05/03/2022

Got a little love today from The Appraisal Institute! Added my SRA Designation back in 2020.

02/26/2022

Arizona Agents, RSVP Jamey if you’re feeling like you can’t quite grasp how appraisers do some things… I’m happy to answer questions for you! I’m looking to bridge the gap between agents and appraisers! Can’t we all just get along? 😂

11/16/2020

Courtesy of The Cromford Report.

Each month about this time we look back at the previous month, analyze how pricing has behaved and report on how well our forecasting techniques performed. We also give a forecast for how pricing will move over the next month.

For the monthly period ending November 15, we are currently recording a sales $/SF of $208.58 averaged for all areas and types across the ARMLS database. This is up 3.2% from the $202.05 we now measure for October 15. Our forecast range mid-point was $209.38, with a 90% confidence range of $205.96 to $213.57. The actual result was slightly below our mid-point estimate by 80 cents, so our forecast was pretty accurate, in contrast to last month's under-estimate.

On November 15 the pending listings for all areas & types show an average list $/SF of $209.45, up 2.0% from the reading for October 15. Among those pending listings we have 99.0% normal, 0.3% in REOs and 0.7% in short sales and pre-foreclosures. There are twice as many pre-foreclosures in the mix than we had last month, but the number remains very low by historic standards, and lower than at the start of 2020.

Our mid-point forecast for the average monthly sales $/SF on December 15 is $213.32, which is 2.3% above the November 15 reading. We have a 90% confidence that it will fall within ± 2% of this mid point, i.e. in the range $209.05 to $217.59.

The last 4 months have seen the average $/SF rise by an impressive 12.4%. This was mostly during the normally weak third quarter. Some of that increase is due to the large number of high-end homes that have been selling during a traditionally quiet part of the year. Even so, supply remains extremely tight and we are likely to see prices continue to rise strongly until they have risen enough to suppress some of the strong demand we are still experiencing.

11/13/2020

The market just keeps on going. Active listings down, creating a lack of supply and high demand, sending prices up!

10/30/2020

https://theazmarket.com/2020/10/30/greater-phoenix-real-estate-update-10-30-2020/

Over 68 million Americans have already voted and we will see that number grow exponentially in the next few days as we approach what seems to be the most contentious election yet. I researched how Republican and Democratic administrations impact housing and the economy and was somewhat surprised by....

10/28/2020

October 24 - Highlights from the Black Knight Mortgage Monitor's first look at September's mortgage data:

The number of seriously delinquent mortgages (90+ days overdue) fell by 43,000 - the first fall since the start of the pandemic
More than 2.3 million homeowners are seriously delinquent, but not in foreclosure
The national delinquency rate fell from 6.88% to 6.66% during September
Early stage delinquencies show strong improvement with many measures returning to pre-pandemic levels
Loan pre-payment rose above 3% in September, the first time in 16 years. This high rate is partly driven by the very low interest rates causing a lot of refinance activity. In addition, the strong out-of-season home buying is causing buyers to pay off the loans on their former homes
The states with the highest percentages of non-current first loans are
Mississippi 11.54%
Louisiana 11.15%
Hawaii 9.15%
New York 8.92%
Texas 8.76%
Home equity is at a record high and 45 million homeowners have positive (tappable) equity in their homes. This the largest number ever.
Average tappable equity stands at nearly $125,000, up $3,200 from this time last year
Of borrowers who are in forbearance, just 9% have less than 10% equity in their homes. This offers both the borrowers and lenders multiple options in lieu of foreclosure.

10/24/2020

https://theazmarket.com/2020/10/23/greater-phoenix-real-estate-update-10-23-2020/

During recessions housing always does well, except when the recession is caused by housing. Despite external pressure, real estate continues to amaze economists and industry experts alike. Stay mindful of the misleading headlines and continue sharing current information with your clients. Logan Moht...