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The Appraisal Institute on Nov. 17 hosted at its Chicago headquarters a Real Estate Finance Stakeholders Forum in which entities that use appraisal services discussed several key issues facing the valuation profession, including appraisal quality, the need for appraisal regulatory modernization, definition of market value and range of value/forecasting.
A number of factors, including the low cost of debt and interest rate changes (both up and down), can have an impact on real estate cap rates, but experts looking at historical data say an increase is unlikely, according to a Nov. 11 report from financial data site Seeking Alpha.
Real estate executives expressed a positive but cautious outlook for the commercial real estate market, noting macroeconomics and geopolitical uncertainties, according to the third quarter Sentiment Index survey released Nov. 11 by nonprofit policy organization The Real Estate Roundtable, CoStar reported.
With more than $555 million in delinquent loans and $368 million in non-performing matured balloons, retail properties are hot now but may face a tough road ahead, according to ratings agency Fitch Ratings, CoStar reported Nov. 11.
Industry experts speculate that 2016 may be the last year of expansion for the hotel sector, although market demand still is strong and occupancy rates are at record highs, according to brokerage firm Marcus & Millichap, National Real Estate Investor reported Nov. 9.
Total U.S. construction starts for 2016 are expected to increase 6 percent to $712 billion, with construction of single-family homes expected to increase 17 percent and commercial buildings expected to increase 11 percent, according to the 2016 Construction Outlook from data firm Dodge Data & Analytics, MBA NewsLink reported Nov. 12.
A 12 percent rise in foreclosure starts led to a 6 percent increase in foreclosure filings in October, the largest month-over-month increase since August 2011, according to the U.S. Foreclosure Market Report released Nov. 11 by analytics firm RealtyTrac. However, experts note that foreclosure increases in October are not unusual.
Charlotte, North Carolina, is the nation’s best market for investors looking to purchase single-family rental properties, according to a study released Nov. 12 by real estate investment management firm HomeUnion. Other top markets: Orlando-Kissimmee-Sanford in Florida and Baltimore-Columbia-Towson in Maryland.
Nearly half of home-purchase loans were originated with nondepository independent mortgage companies last year, the largest share of mortgages held by non-banks since 1995, according to Federal Reserve data, Realtor Magazine reported Nov. 5.
Averaged fixed mortgage rates rose for the second consecutive week, amid continued expectations of a rate increase by the Federal Reserve and a stronger than expected October jobs report, Freddie Mac reported in its Primary Mortgage Market Survey on Nov. 12.
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