Appraisal Institute News

Apr 14, 2021 12:30 PM

Biden Seeks More Affordable Housing with $5B in Incentives

President Biden is seeking to increase affordable housing in the U.S. by providing $5 billion in financial incentives to local governments to allow apartment buildings in neighborhoods that are restricted to single-family homes, Reuters reported April 8. The incentives to change zoning laws are part of the president’s overall $2 trillion infrastructure proposal.

Apr 14, 2021 12:30 PM

CFPB Seeks to Ban Foreclosure Starts Until 2022

The Consumer Financial Protection Bureau on April 5 released a notice of proposed rulemaking that would prohibit servicers from initiating foreclosure proceedings until after Dec. 31, 2021. Current rules state that borrowers have to be delinquent for 120 days before the foreclosure process can start. Comments on the proposal are due May 11.

Apr 14, 2021 12:30 PM

Homebuyer, Seller Sentiment Up, Mortgage Outlook Down, Fannie Mae Index Shows

The Fannie Mae Home Purchase Sentiment Index released April 7 showed a month-over-month increase in the number of consumers who think it’s a good time to buy or sell a home, and the majority think home prices will increase this year. The mortgage rate outlook was the sole declining index, with just 6% of consumers believing that rates will drop during the year.

Apr 13, 2021 08:30 AM

Energy-proficient Appraisers Could Thrive in New Green Economy: The Appraisal Journal

Real estate appraisers conversant in energy parlance could be crucial as the Biden administration’s focus on climate change and green energy solutions provides a boost to the renewable energy industry, according to an article published this week in The Appraisal Journal.

Apr 07, 2021 12:30 PM

$2.3T Infrastructure Plan Includes Billions for Real Estate

President Biden on March 31 announced a $2.3 trillion, eight-year plan focused on infrastructure and clean energy, and the plan would directly affect commercial and residential real estate with $213 billion allocated to building, preserving and upgrading two million homes and commercial buildings, the Real Estate Round Table reported.

Apr 07, 2021 12:30 PM

CFPB Rescinds Temporary Appraisal Flexibilities

https://www.consumerfinance.gov/about-us/newsroom/cfpb-rescinds-series-of-policy-statements-to-ensure-industry-complies-with-consumer-protection-laws/

Apr 07, 2021 12:30 PM

Cap Rates In Single-tenant Net Lease Sector Reach Historic Lows: The Boulder Group

Cap rates in the single-tenant net lease sector reached historic lows for the retail and industrial sectors during the first quarter, commercial real estate firm The Boulder Group reported April 1 in its Net Lease Market report. Retail rates compressed by 9 basis points to 5.91%, and industrial rates compressed by 4 basis points to 6.71%.

Mar 31, 2021 12:30 PM

Developers Turning Golf Courses into Logistics Hubs: Report

The demand for warehouse space continues to grow, and developers looking for large tracts of land on which to build logistics hubs are buying languishing golf courses, Bloomberg reported March 24. Interest in golf surged in the early 2000s, which led to overbuilding, and now that the sport is in decline, the vast acreage is being redeveloped to meet growing e-commerce needs.

Mar 31, 2021 12:30 PM

Industrial Property Values Up as Supply Hinders Market: Data

Industrial property values have increased 8.8% during the past year while warehouse property values rose 10%, according to a report from real estate data firm Real Capital Analytics, WealthManangement.com reported Mach 22. Values are expected to continue rising due to increased demand and constrained supply; facilities in large population centers should see the greatest increases.

Mar 31, 2021 12:30 PM

Demand For Office Space Improves a Year into Pandemic, Recovery Likely, Index Shows

Demand for office space remains 38% lower than just before the pandemic lockdown — but that’s an improvement from last May when demand was 85% lower than pre-pandemic levels, commercial real estate leasing firm VTS reported March 24 in its Office Demand Index. Significant gains in January and February indicate that a recovery is coming.

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AI News

Biden Seeks More Affordable Housing with $5B in Incentives

CFPB Seeks to Ban Foreclosure Starts Until 2022

Homebuyer, Seller Sentiment Up, Mortgage Outlook Down, Fannie Mae Index Shows

Energy-proficient Appraisers Could Thrive in New Green Economy: The Appraisal Journal

$2.3T Infrastructure Plan Includes Billions for Real Estate

CFPB Rescinds Temporary Appraisal Flexibilities

Cap Rates In Single-tenant Net Lease Sector Reach Historic Lows: The Boulder Group

Developers Turning Golf Courses into Logistics Hubs: Report

Industrial Property Values Up as Supply Hinders Market: Data

Demand For Office Space Improves a Year into Pandemic, Recovery Likely, Index Shows