Experts Divided on Commercial Real Estate Market: Valuation Magazine
March 16, 2016 08:00 AM
CHICAGO (March 16, 2016) – Valuation professionals and other experts disagree as to whether 2016 will be another banner year for commercial real estate, or if the market bubble is about to burst, according to an article published this week in Valuation magazine.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
In “Bubble Vision,” by Deborah R. Huso, the presidents of the Boston and the San Francisco Federal Reserve Banks express their concerns about an impending commercial real estate bubble, but other experts, including appraisers and economists, say that a bubble is unlikely and such talk is largely hype. The experts acknowledge that some markets are stronger than others but overall commercial real estate is healthy due to a combination of tight underwriting, strong fundamentals and low unemployment.
Read “Bubble Vision” in Valuation magazine’s first quarter 2016 issue.
Also in Valuation magazine’s first quarter 2016 issue:
“A Money Tree Grows in Brooklyn,” by Rebecca Kavanagh, reports on the real estate boom in this bustling New York City borough. Appraisers who make it their business to know Brooklyn share their take on what’s driving residential and commercial prices to levels that approach – and sometimes exceed – those in Manhattan.
“Changing Hands,” by Peter Haapaniemi, provides insights from valuation professionals who have bought or sold a business and offers guidance to appraisers who may be considering the purchase or sale of a valuation firm.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 20,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.