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The Federal Housing Finance Agency announced Feb. 2 that Fannie Mae and Freddie Mac are implementing an independent dispute resolution process for loans that trigger a repurchase request due to perceived violations of their representation and warranty framework, HousingWire reported.
The value of all developed real estate in the world reached $217 trillion last year, accounting for 60 percent of all mainstream assets around the world and amounting to 2.7 times the world’s GDP, according to a report from real estate adviser Savills, MarketWatch reported Jan. 25.
Average fixed mortgage rates fell for the fourth consecutive week as the Fed held interest rates steady, Freddie Mac reported Jan. 28 in its Primary Mortgage Market Survey.
Residential market values should continue their upward trend during the year, with homes in 94 percent of markets forecast to appreciate in value; West Coast markets are expected to be particularly strong, according to a report from real estate technology firm Veros Real Estate Solutions, MBA NewsLink reported Jan. 28.
An improving economy and slow start to new construction activity has led to limited availability of large blocks of office space, which is constraining some markets, according to commercial real estate services firm CBRE, World Property Journal reported Jan. 26.
The present level of hotel value asset growth could peak within the next year, according to a Jan. 28 survey from analytics firm Lodging Econometrics, MBA NewsLink reported. Hotel transaction prices in 2015 reached $162,781 per room, nearly triple the prices seen during the cyclical low of 2009.
Barclays Bank anticipates “turbulence ahead” for U.S. real estate investment trusts this year, citing interest rate increases, geopolitical instability and solid but decelerating growth prospects for REITs overall, The Real Deal reported Jan. 26.
The Appraisal Institute announced Feb. 3 that its Y.T. and Louise Lee Lum Library’s online catalog is available through the Library Link app. The app operates on both iOS and Android mobile devices.
Media coverage of the Appraisal Institute and its professionals in 2015 was potentially seen, read or heard nearly 2 billion times, resulting in a publicity value of more than $1.5 million, the Appraisal Institute announced Jan. 29.
The Appraisal Institute announced Feb. 3 the recognition of two individuals as a “Volunteer of Distinction” for February.
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