Coastal Appraisers Soon to Face Rising Sea Levels: Valuation Magazine
October 24, 2018 08:00 AM
CHICAGO (Oct. 24, 2018) – The effects of rising sea levels are becoming increasingly real to coastal communities and property owners, with homes and commercial properties valued at more than $1 trillion potentially at risk from rising waters by 2100, according to an article in Valuation magazine’s third quarter 2018 issue.
Valuation magazine is a quarterly publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers.
The magazine’s cover story, “Uncharted Waters” discusses how appraisers in coastal communities face challenges while appraising properties potentially at risk from rising sea levels. This article discusses what appraisers need to know in an environment where there still are more questions than answers.
Read “Uncharted Waters”in Valuation magazine’s third quarter 2018 issue.
Also in this issue:
“Big Box Divided” addresses how appraisers who take assignments where the commercial real estate has evolved into a two-tier asset class are challenged to understand motivations, liquidity, ownership, responsibilities and risk.
“Working Smart” explores the growth of and our reliance on artificial intelligence and why the valuation profession needs to embrace the changes ahead.
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The Appraisal Institute is a global professional association of real estate appraisers, with more than 18,000 professionals in nearly 50 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.