Need A Residential Appraisal?We provide fast, reliable, and professional appraisals with the highest quality. Contact UsWhat We Do...Fidelity Home Appraisers has provided comprehensive residential valuation services in the Greater Philadelphia area for more than twenty years to individuals, lenders, real estate professionals, and attorneys. We provide USPAP compliant appraisals for Conventional, FHA, USDA and private lending purposes, as well as special purpose valuations for legal proceedings and tax appeals. We specialize in:
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| Opportunity to Purchase Assets at Reduced Cost Could be Fleeting: CBRE Survey | ||
| 3/22/2023 3:30 AM | ||
| With cap rates and interest rates expected to peak later this year, the opportunity to buy real estate assets at lower prices likely won’t last long, according to CBRE’s H2 2022 Cap Rate survey, GlobeSt.com reported March 14. CBRE expects federal fund rates to surpass 5% this year and drop to about [......Read More | ||
| FHFA Delays Fee for Buyers with Higher Debt-to-income Ratios | ||
| 3/22/2023 3:00 AM | ||
| The Federal Housing Finance Agency on March 15 announced that it will delay by three months the implementation of the DTI ratio-based fee, which is a new upfront fee for Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios. The fee has been controversial amongst some industry group [......Read More | ||
| Industrial Sector Shows Signs of Softening, Stabilizing, According to Moody’s | ||
| 3/22/2023 3:00 AM | ||
| The industrial sector is starting to show signs of softening, despite elevated manufacturing and consumer goods production, according to a report from Moody’s Analytics, GlobeSt.com reported March 13. The report does not signal a sense of urgency, but notes that the sector is moving away from a peri [......Read More | ||
| Hotels Located in Business Districts See Values Drop, Struggle to Refinance: Data | ||
| 3/15/2023 3:30 AM | ||
| Central business district hotels that cater to business travelers and conference attendees are struggling to refinance loans because their property values have plunged due to the pandemic, GlobeSt.com reported March 9. Approximately $31 billion of CMBS loans backed by hotels are set to mature by 202 [......Read More | ||
| Pace of Interest Rate Hikes May Increase: Fed | ||
| 3/15/2023 3:30 AM | ||
| Federal Reserve Chair Jerome Powell told the Senate Banking Committee March 7 that policymakers may have to accelerate the pace of interest rate increases to help keep inflation in check, CNBC reported. Powell noted that getting inflation down to 2% is going to take time and likely will be challengi [......Read More | ||
| Washington State Seeks to Drop Single-family Zoning | ||
| 3/15/2023 3:30 AM | ||
| The Washington state House of Representatives passed a bill March 6 that would legalize duplexes and fourplexes in virtually every city in Washington, the Seattle Times reported. If enacted, the legislation, which aims to alleviate housing supply issues, likely would end local zoning rules that only [......Read More | ||
| Appraisers Can Help Take Guesswork Out of Property Tax Appeals | ||
| 3/8/2023 2:00 AM | ||
| As many U.S. homeowners begin receiving their property tax bills, the Appraisal Institute today offered suggestions to potentially make the tax appeal process easier, such as working with one of the organization’s Designated Members to learn about the local appeals process and to discuss options...Read More | ||
| CRE Prices Fall at Fastest Rate Since 2010; Multifamily Sees Biggest Drop: Report | ||
| 3/8/2023 2:00 AM | ||
| Commercial property prices in January fell at an annual rate not seen since late 2010 — down 6.9% year-over-year, according to an MSCI report, GlobeSt.com reported Feb. 24. A spike in mortgage costs last year undermined the completion of deals and pushed prices lower; multifamily prices took the big [......Read More | ||
| US Supreme Court Takes Case that Could Shutter CFPB | ||
| 3/8/2023 2:00 AM | ||
| The Supreme Court agreed to hear a case that might threaten the existence of the Consumer Financial Protection Bureau and potentially the Federal Reserve and other agencies, National Public Radio reported Feb. 27. The 5th Circuit Court of Appeals ruled last fall that CFPB’s funding is unconstitution [......Read More | ||
| Fannie Mae: Appraisals No Longer the ‘Default Requirement’ | ||
| 3/8/2023 2:00 AM | ||
| Fannie Mae on March 1 updated its Selling Guide to include a range of options for property valuations as the government-sponsored enterprise moves away from suggesting that an appraisal is a “default requirement.” Fannie notes that home valuation options include value acceptance, value acceptance pl [......Read More | ||