On February 3rd, 2017, President Trump signed an executive order that requires the Secretary of the Treasury to review Dodd-Frank. So, what is Dodd-Frank? The Dodd-Frank legislation was passed over six years ago and it was intended to prevent the market turmoil that ensued in 2008, from happening again. If
Read More
Frequently I’m called upon to underwrite a property. Whether it is for a loan or a purchase for an investment property, some principal or borrower needs to know if their real estate asset will perform as expected. There is a complex process I go through when underwriting and I cannot
Read More
I was prompted to write this article when I saw an article from Realtor.com titled Apartment Market Slumps as Supply Surges. I ignored my urge. Then, a few friends, who read the same news feeds, asked something akin to “Is the multifamily product finally going to crash allowing us investors
Read More
According to industry data, there is a 20-year low on national housing inventory. At first this seems like an alarming number but keep in mind the following data points are macroeconomic numbers which encompass housing in the 100 largest U.S. metros from Q1 2012 to Q1 2017. According to one
Read More
My story on the AVM model going wrong on my line of credit prompted me to write this article. I remember my first real estate broker was also an appraiser. God rest his soul, he was a great guy. I remember him pulling up Zillow and looking at their
Read More
If you have a home equity line of credit (HELOC) on your house, your bank will be periodically running an Automated Value Model (AVM) on your home’s value (think Zillow’s Zestimate) to determine if their loan to value (LTV) ratio is increasing. If the estimated value of your home decreases
Read More