Appraisal Institute News

Quality Data Crucial for Residential Appraisal Assignments: The Appraisal Journal

Accurate data is key for appraisers to ensure timely, accurate market analysis especially in times when markets are in flux, according to an article published this week in The Appraisal Journal.

Aug 31, 2022 08:30 AM

Economic Concerns, Housing Shortage Stressing Low-income Households: ULI

Economic uncertainty, increasing inflation and lower housing production are putting millions in the U.S. at risk of not being able to afford a home, the Urban Land Institute’s Terwilliger Center for Housing reported Aug. 17 in its 2022 Home Attainability Index. The data also revealed that in most regions of the country, few housing units are affordable to low-wage workers.

Aug 31, 2022 08:30 AM

Housing Activity to Drop Through 2023: Fannie Mae

Home sales are expected to decline 16.2% this year, and mortgage originations are projected to total $2.47 trillion for 2022 — down from $4.47 trillion last year — and then drop to $2.29 trillion in 2023, Fannie Mae’s Economic and Strategic Research Group reported Aug. 22. The downgraded forecast is based on both outsized home prices and rapidly expanding mortgage rates.

Aug 31, 2022 08:30 AM

FHFA to Create Committee on Affordable, Equitable Housing

The Federal Housing Finance Agency announced Aug. 23 its intent to create a Federal Advisory Committee on Affordable, Equitable and Sustainable Housing that will provide advice on regulatory and policy changes. The committee also will provide input on barriers to access to housing.

Aug 24, 2022 08:30 AM

Cap Rates Equalizing Nationwide: Moody’s Analytics

Cap rates in major U.S. markets are becoming increasingly similar, even in cities such as New York and San Francisco, which usually trail other major metros, according to Moody’s Analytics, GlobeSt.com reported Aug. 16. The average cap rate spread for Dallas; Atlanta; Austin, Texas; Nashville, Tennessee; and Miami have narrowed to less than 100 basis points.

Aug 11, 2022 08:30 AM

Hybrid Appraisals Can Offer New Opportunities for Appraisers: The Appraisal Journal

Appraisers should be prepared with the knowledge necessary to meet the demand for bifurcated or hybrid appraisals, according to an article published this week in The Appraisal Journal.

Aug 03, 2022 08:30 AM

Economy is Slowing, Housing Starts and Home Sales Both Decline, Data Reveals

The Conference Board Leading Economic Index, which assesses the 3-6-month economic outlook, dropped 0.8% in June, the fourth consecutive monthly decline, Fannie Mae reported July 22. Existing home sales were down 5.4% in June, the lowest point in two years, and housing starts dropped 2% to the lowest level since last October. Consumer pessimism, labor conditions and stock prices drove the decline.

Aug 03, 2022 08:30 AM

Federal Reserve Planning More Rate Increases to Curb Inflation

Federal Reserve Chair Jerome Powell on July 27 raised the benchmark U.S. interest rate 75 basis points to a range of 2.25% to 2.5%, and noted that the Fed will continue tightening monetary policy, including additional interest rate hikes, to help curb inflation, Bloomberg reported.

Aug 03, 2022 08:30 AM

US Needs 4 Million More Apartments by 2035, Research Shows

Nearly 4.3 million new apartments will be needed across the U.S. by 2035 to meet housing demand, according to research released July 28 by the National Multifamily Housing Council and the National Apartment Association. Currently, there is a shortage of around 600,000 units, and the number of affordable apartments — those with rents less than $1,000 per month — has declined by 4.7 million between 2015-20.

Jul 26, 2022 08:30 AM

Rapid Growth and Influx of New Residents Pushes Austin Affordability to the Limit: Valuation Magazine

The Mountain West states are seeing a surge of new residents — and home prices are skyrocketing. Find out how some of the most popular areas are handling the influx and the challenges to their economies and lifestyles in the second quarter 2022 issue of Valuation magazine.

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AI News

Quality Data Crucial for Residential Appraisal Assignments: The Appraisal Journal

Economic Concerns, Housing Shortage Stressing Low-income Households: ULI

Housing Activity to Drop Through 2023: Fannie Mae

FHFA to Create Committee on Affordable, Equitable Housing

Cap Rates Equalizing Nationwide: Moody’s Analytics

Hybrid Appraisals Can Offer New Opportunities for Appraisers: The Appraisal Journal

Economy is Slowing, Housing Starts and Home Sales Both Decline, Data Reveals

Federal Reserve Planning More Rate Increases to Curb Inflation

US Needs 4 Million More Apartments by 2035, Research Shows

Rapid Growth and Influx of New Residents Pushes Austin Affordability to the Limit: Valuation Magazine