Appraisal Institute News

Oct 16, 2020 08:00 AM

Appraisal Organizations Join Forces to Support Training, Ethics to Combat Bias

The Appraisal Institute, the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers today announced their collective support for the development of additional training that addresses unconscious bias in valuation, and for each organization to individually review its Code of Ethics and other governing documents to further ensure awareness and compliance among its membership and the valuation profession as a

Oct 14, 2020 12:30 PM

US Economic Outlook Depends on Spread of COVID-19: Fed

The U.S. economic outlook is still uncertain and depends on controlling the spread of the coronavirus, Federal Reserve Chair Jerome Powell told attendees at the National Association for Business Economics annual meeting Oct. 6, ABA Banking Journal reported. Powell warned that a long period of slow economic progress could worsen current disparities in the economy.

Oct 14, 2020 12:30 PM

Commercial Deals, Rent Relief Requests on the Rise: NAOIP

More deals were struck in the industrial, office and multifamily sectors in September than in August, but building owners and managers also saw an increase in rent relief requests, NAOIP revealed Oct. 2 in its monthly survey on the effects of the coronavirus pandemic on commercial real estate. Only 74.1% of respondents reported on-time rent collections in September, compared with 83.4% in August.

Oct 13, 2020 12:30 PM

Student Housing Deals Stymied by Campus Closings, But Sector Looks Strong: Colliers

Investment in student housing properties has slowed considerably since the coronavirus has affected in-person education, but many properties are fully-leased — if not occupied — and continue to generate income, according to real estate firm Colliers International, National Real Estate Investor reported Oct. 6. Top-tier assets are commanding prices commensurate with what they would receive before the lockdown.

Oct 07, 2020 08:00 AM

Assembled Workforce an Important Consideration in Property Valuation: The Appraisal Journal

Separating the value of a trained workforce from the overall value of a going concern requires economic analysis, not just the subtraction of employee salaries, according to an article published this week in The Appraisal Journal.

Oct 06, 2020 12:30 PM

Hotel, Retail Appraisals Show "Atrocious" Loss in Value: Data

An analysis of appraisals for 116 hospitality and retail properties conducted by lender Wells Fargo showed an “atrocious” loss in values, dropping about 27% since the loans were originated, PhillyNow reported Oct. 1. The appraisals show how some sectors have suffered under COVID-19 restrictions, and even as they ease, the public is reluctant to travel and spend money.

Oct 06, 2020 12:30 PM

Life Insurers to Face Loan Losses 50% Higher Than During Financial Crisis: Fitch

Life insurers in the U.S. are expecting their losses on commercial real estate loans to be 50% higher than they were during the 2007-08 financial crisis, according to the U.S. Life Insurers’ Mortgage Update released Oct. 1 by ratings agency Fitch Ratings, Commercial Property Executive reported. The report said losses could extend into 2021 because of regulatory forbearance actions.

Sep 30, 2020 12:30 PM

Home Values, Owner Equity Up in Q2: Federal Reserve

The aggregate value of the nation’s residential mortgages at the end of the second quarter was $10.6 trillion, an $80 billion increase from the first quarter, according to the Q2 Federal Reserve Flow of Funds report released Sept. 21, the National Association of Home Builders reported. The aggregate value of household market values reached $30.8 trillion, an increase of $450 billion.

Sep 30, 2020 12:30 PM

Sales of Existing Homes at Highest Level Since 2006: NAR

The sales of existing homes climbed for the third consecutive month in August, reaching the highest level since December 2006, the National Association of Realtors reported Sept. 22. Home sales are expected to continue their upward trajectory through the end of the year.

Sep 30, 2020 12:30 PM

Homebuyers are Flocking to Affordable Counties Just Outside Major Metros: Redfin

El Dorado Country in California, near Sacramento and the Bay Area, is the nation’s hottest market as homebuyers seek more affordable areas outside of major metros but still within driving distance of them, real estate marketplace Redfin reported Sept. 21. Homebuyer interest is also heating up in Camden County, New Jersey, and Columbia Country, Oregon.

appraisalinstitute.org

AI News

Appraisal Organizations Join Forces to Support Training, Ethics to Combat Bias

US Economic Outlook Depends on Spread of COVID-19: Fed

Commercial Deals, Rent Relief Requests on the Rise: NAOIP

Student Housing Deals Stymied by Campus Closings, But Sector Looks Strong: Colliers

Assembled Workforce an Important Consideration in Property Valuation: The Appraisal Journal

Hotel, Retail Appraisals Show "Atrocious" Loss in Value: Data

Life Insurers to Face Loan Losses 50% Higher Than During Financial Crisis: Fitch

Home Values, Owner Equity Up in Q2: Federal Reserve

Sales of Existing Homes at Highest Level Since 2006: NAR

Homebuyers are Flocking to Affordable Counties Just Outside Major Metros: Redfin