Appraisal Institute News

Jan 13, 2022 08:30 AM

Single-tenant Net Lease Cap Rates Up: The Boulder Group

Cap rates in the single-tenant net lease sector increased slightly during the fourth quarter to 5.88% for retail and 6.77% for industrial, while net lease office remained unchanged at 6.80%, according to the Q4 2021 Net Lease Market Report released Jan. 6 by The Boulder Group. A limited supply of properties primarily drove the increase.

Jan 13, 2022 08:30 AM

State Attorneys General Target FHA Loan Violations

Attorneys general from 20 states have accused mortgage servicers employed by Federal Housing Administration-approved lenders of failing to properly implement loan modification options, including options to reduce principal and interest, that the agency introduced in July, according to a Dec. 21 letter sent to the Department of Housing and Urban Development, HousingWire reported Jan. 5.

Jan 13, 2022 08:30 AM

Nation’s Large Office Markets Stable and Active, Boston Tops for Leasing: CBRE

The nation’s 12 largest office markets showed stability toward the end of 2021, with normal levels of leasing activity despite uncertainty about COVID-19, according to CBRE’s Pulse of U.S. Office Demand survey, MBA NewsLink reported Jan. 4. The most active markets were Boston; Dallas-Fort Worth; Los Angeles; Manhattan; and Washington, D.C.

Jan 07, 2022 08:30 AM

Restaurant Valuation Requires Diligent Highest and Best Use Analysis: The Appraisal Journal

Appraisers who value restaurant properties should fully understand the opportunities and risks inherent in restaurant operations and how these factors affect real property value, according to an article published this week in The Appraisal Journal.

Dec 28, 2021 08:00 AM

Pledger M. (Jody) Bishop III to Become President of Appraisal Institute on Jan. 1

Pledger M. (Jody) Bishop III, MAI, SRA, AI-GRS, of Mt. Pleasant, South Carolina, will begin his one-year term as president of the Appraisal Institute on Jan. 1.

Dec 22, 2021 08:30 AM

Residential Sector Sets 10 Records in 2021, Redfin Reports

Housing was hot in 2021, breaking 10 records, including highest median sale price, lowest inventory of for-sale properties and strongest demand for second homes, Redfin reported Dec. 13. The pandemic changed the residential sector, creating a seismic shift in how people live and work and why and where they purchased homes.

Dec 22, 2021 08:30 AM

Residential Appraisals Shouldn’t Reference Neighborhood Demographics: FHFA

The Federal Housing Finance Agency on Dec. 14 reported that its analysis of millions of property valuations found many residential appraisal reports that contained improper references to a neighborhood’s racial demographics. Examples include the percentages of an area's racial and ethnic makeup; the languages spoken in an area; and amenities specifically geared to a race, ethnic, or religious group.

Dec 22, 2021 08:29 AM

Lenders Expect ‘Normal’ Housing Market in 2022: Fannie Mae

Sixty-five percent of mortgage lenders said they expect profit margins will drop during the next quarter, up from 46% who said so last quarter, Fannie Mae reported Dec. 15 in its Q4 2021 Mortgage Lender Sentiment Survey. The shifting expectations suggest that the housing market may return to a more 'normal' state after a couple of boom years.

Dec 08, 2021 12:30 PM

Agencies Raise Appraisal Exemption Threshold

The Consumer Financial Protection Bureau, the Federal Reserve Board and the Office of the Comptroller of the Currency announced Dec. 1 that the 2022 threshold for exempting mortgage loans from special appraisal requirements will be $28,500, up from $27,300 this year. The increase takes effect Jan. 1.

Dec 08, 2021 12:30 PM

Value of Farm Properties Up Sharply in Q3: Report

The value of non-irrigated cropland jumped by at least 12% during the third quarter, and the increase was consistent across most states, according to the Federal Reserve Survey of Agricultural Credit Conditions released Nov. 23. Interest rates on farm loans remain historically low and agricultural credit conditions saw further improvement.

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AI News

Single-tenant Net Lease Cap Rates Up: The Boulder Group

State Attorneys General Target FHA Loan Violations

Nation’s Large Office Markets Stable and Active, Boston Tops for Leasing: CBRE

Restaurant Valuation Requires Diligent Highest and Best Use Analysis: The Appraisal Journal

Pledger M. (Jody) Bishop III to Become President of Appraisal Institute on Jan. 1

Residential Sector Sets 10 Records in 2021, Redfin Reports

Residential Appraisals Shouldn’t Reference Neighborhood Demographics: FHFA

Lenders Expect ‘Normal’ Housing Market in 2022: Fannie Mae

Agencies Raise Appraisal Exemption Threshold

Value of Farm Properties Up Sharply in Q3: Report