Appraisal Institute News

May 15, 2019 12:30 PM

GSEs Can End Oversight Without Congress Approval: FHFA

Fannie Mae and Freddie Mac can be freed from government oversight even if Congress doesn’t pass a housing-financial overhaul involving the government-sponsored enterprises, the Federal Housing Finance Agency Director, Mark Calabria, told Bloomberg May 8. He noted that Congress will get at least an entire session to act.

May 15, 2019 12:30 PM

Rural Communities Likely to Continue Declining, Data Shows

Rural areas, which comprise 42 percent of the nation’s counties, suffered significant population and job losses due to the Great Recession and likely won’t recover, leaving their housing and commercial bases to struggle, according to Commerce Department data, CityLab reported May 7. Communities in the Northeast and the Midwest were hardest hit.

May 15, 2019 12:30 PM

US Office Sector Steady During First Quarter, Bodes Well for New Construction: JLL

The U.S. office sector proved resilient during the first quarter, absorbing around 14 million square feet — even after the delivery of 6.8 million square feet of newly constructed space, according to real estate firm JLL, National Real Estate Investor reported May 9. An additional 110.4 million square feet of office space is under construction.

May 08, 2019 12:30 PM

Generation Z May Revive Shopping Malls, ICSC Study Says

Generation Z may save the mall, according to a study from the International Council of Shopping Centers, Bloomberg reported April 25. Gen Z (those aged 7 to 22) prefer shopping in-store rather than online, and about 95% visited a mall during a three-month period in 2018 as opposed to 75% of millennials and only 58% of Generation X.

May 08, 2019 12:30 PM

Rockefeller Center to Add 200 Guest Rooms in Airbnb Deal

Airbnb and real estate firm RXR Realty announced on April 29 a deal to convert 10 stories in New York City’s iconic Rockefeller Plaza to short-term rental units, Bloomberg reported. The project will create 200 suites inside the art deco high-rise, as well as meeting and events spaces, collaborative working spaces, a restaurant and a lobby bar.

May 08, 2019 12:30 PM

Hospitality Properties in the South, West Show Strong Fundamentals: Marcus & Millichap

Hospitality properties in the south and west are outperforming those in other U.S. markets, and attracting investment dollars thanks to growth in revenue per room and occupancy rates, according to real estate firm Marcus & Millichap, National Real Estate Investor reported April 29. Texas is expected to add the most hotel rooms this year.

May 01, 2019 12:30 PM

Retail, Office Net Lease Cap Rates Rise: Boulder Group

Cap rates on net lease retail properties increased 2 basis points in the first quarter to 6.37 percent while cap rates on net lease office assets jumped 8 basis points to 7.1 percent, according to The Boulder Group investment firm, National Real Estate Investor reported April 22.

May 01, 2019 12:30 PM

Outlet Centers Bring Stability to Otherwise Shaky Retail Sector, Consulting Firm Reports

Outlet centers remain a bright spot in the retail sector, according to consulting company Outlet Resource Group, National Real Estate Investor reported April 25. There are roughly 200 outlet centers in the U.S., with an average vacancy rate of 3.6%, compared to 1,100 regional and superregional malls with an average vacancy rate of 9%.

May 01, 2019 12:30 AM

Housing Could Be Hurt by "Underbuilding," Data Shows

The housing market — especially the entry-level segment — could stumble this year due to “underbuilding,” a situation exacerbated by rising materials costs, tariffs on imported materials and labor shortages, according to consulting firm Grant Thornton, HousingWire reported April 19. Housing starts and household formation analytics suggest the worst underbuilding since the 1970s.

Apr 24, 2019 12:30 PM

Homebuyers Will Pay Extra for Energy Efficiency: NAHB

Homebuyers are willing to pay an average of $8,728 extra for a property in order to save $1,000 a year in utility bills, according to a report released April 12 by the National Association of Home Builders. Buyers who expect to pay more than $500,000 for a property are willing to pay an average of $10,560 for energy efficient features.

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AI News

GSEs Can End Oversight Without Congress Approval: FHFA

Rural Communities Likely to Continue Declining, Data Shows

US Office Sector Steady During First Quarter, Bodes Well for New Construction: JLL

Generation Z May Revive Shopping Malls, ICSC Study Says

Rockefeller Center to Add 200 Guest Rooms in Airbnb Deal

Hospitality Properties in the South, West Show Strong Fundamentals: Marcus & Millichap

Retail, Office Net Lease Cap Rates Rise: Boulder Group

Outlet Centers Bring Stability to Otherwise Shaky Retail Sector, Consulting Firm Reports

Housing Could Be Hurt by "Underbuilding," Data Shows

Homebuyers Will Pay Extra for Energy Efficiency: NAHB