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The share of homes considered seriously underwater has halved since its peak in the second quarter of 2012, according to the Year-End 2015 U.S. Home Equity & Underwater Report released Jan. 27 by real estate data firm RealtyTrac.
The Appraisal Institute conferred 80 designations in January, including 63 MAI designations, eight SRA designations, seven AI-GRS designations and two AI-RRS designations.
The Appraisal Institute regrets the passing of the following Designated members, as reported to Appraiser News Online in January:
The Appraisal Institute announced Feb. 3 the recognition of two individuals as a “Volunteer of Distinction” for February.
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 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.
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 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.
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.
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.
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