Appraisal Institute News

Nov 10, 2021 08:30 AM

High Inflation ‘Transitory,’ Jobs Recovery Expected, MBS Purchases Slowed: Fed

The Federal Reserve believes the current high rate of inflation — about twice the 2% target — is “transitory” and that price pressures will ease and help with jobs recovery, Reuters reported Nov. 3. The Fed also announced a reduction in its monthly purchases of Treasuries and mortgage-backed securities at a pace of $15 billion per month, with a plan to end purchases in mid-2022.

Nov 10, 2021 08:30 AM

Small-cap Commercial Real Estate Booms, Data Shows

The nation’s economic rebound has vastly improved conditions for small businesses, boosting small-cap commercial leasing and investment markets, according to the Boxwood Means Q3 Small-Cap Commercial Real Estate Trends report, MBA NewsLink reported Nov. 3. The demand for space is surging, with net absorption across the industrial, office and retail sectors positive for four consecutive quarters.

Nov 03, 2021 12:30 PM

Broader Real Estate Sector to Recover, Hotels to Disappoint, ULI Forecast Predicts

Many U.S. real estate sectors are expected to recover to pre-pandemic levels by 2023, but the hotel sector likely will continue struggling, the Urban Land Institute revealed Oct. 27 in its Fall 2021 Real Estate Economic Forecast. The forecast noted that commercial real estate is in a strong position to build its way out of the pandemic and take the economy with it.

Nov 03, 2021 12:30 PM

Living with Ghosts OK if Home Price is Right: Realtor.com

Almost one-third of consumers said they would be willing to live with a “friendly” ghost if that roommate concession enabled them to afford their dream home, an Oct. 26 Realtor.com survey revealed. Twenty percent of consumers said they would live in a home where a murder occurred, and another 17% said they would live in a haunted house.

Nov 03, 2021 12:30 PM

Historic Low Cap Rates in Drug Store Sector, Data Reveals

Cap rates in the single-tenant drug store sector dropped 59 basis points during the third quarter to 5.8%, reaching a historic low, The Boulder Group reported Nov. 1 in its Q3 2021 Net Lease Drug Store report. Record-low cap rates for CVS (5.15%) and Walgreens (5.4%) primarily caused the decline.

Oct 28, 2021 08:30 AM

As Urban Areas Experience Strong Multifamily Demand, the Sector is Expanding to the Suburbs and Beyond: Valuation Magazine

With most urban areas experiencing positive rent growth and strong demand, the multifamily sector is now seeing expansion to the suburbs and beyond, according to an article in Valuation magazine’s third quarter 2021 issue.

Oct 20, 2021 12:30 PM

Report: 20% of Commercial Properties, 25% of Critical Infrastructure Face Flood Risk

About 20% of U.S. commercial properties and 14% of residential properties are at risk of flooding, according to the 3rd National Risk Assessment: Infrastructure on the Brink report published Oct. 11 by nonprofit First Street Foundation. Additionally, 25% of critical infrastructure and 23% of roads are vulnerable. States with the greatest risk are Louisiana, Florida, Kentucky and West Virginia.

Oct 20, 2021 12:30 PM

Foreclosures Spike During Q3 as Moratorium is Lifted: Data

Foreclosure activity significantly increased in September as the moratorium was lifted, with 19,609 filings reported for the month, up 24% from August and up 102% from September 2020, ATTOM reported Oct. 14 in its latest Foreclosure Market Report. Lender foreclosures also increased, up 32% quarter-to-quarter. Florida, Illinois and Delaware reported the highest foreclosure rates.

Oct 20, 2021 12:30 PM

Desktop Appraisals Are Here to Stay, FHFA Announces

The option to perform desktop appraisals will become permanent, the Federal Housing Finance Agency announced Oct. 19. Starting early next year, appraisals for purchase loans can be remotely conducted using public records, such as listings and tax appraisals. Desktop appraisals were intended as a temporary response to the coronavirus pandemic, allowing appraisers to safely perform their job amid lockdowns and social distancing.

Oct 19, 2021 08:30 AM

National Park Concessions Impact Appraised Value: The Appraisal Journal

The National Park Service’s concession program and its various attempts to compensate concessioners for the value of physical improvements put in place during the tenure of a concession contract can impact valuation, according to an article published this week in The Appraisal Journal.

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AI News

High Inflation ‘Transitory,’ Jobs Recovery Expected, MBS Purchases Slowed: Fed

Small-cap Commercial Real Estate Booms, Data Shows

Broader Real Estate Sector to Recover, Hotels to Disappoint, ULI Forecast Predicts

Living with Ghosts OK if Home Price is Right: Realtor.com

Historic Low Cap Rates in Drug Store Sector, Data Reveals

As Urban Areas Experience Strong Multifamily Demand, the Sector is Expanding to the Suburbs and Beyond: Valuation Magazine

Report: 20% of Commercial Properties, 25% of Critical Infrastructure Face Flood Risk

Foreclosures Spike During Q3 as Moratorium is Lifted: Data

Desktop Appraisals Are Here to Stay, FHFA Announces

National Park Concessions Impact Appraised Value: The Appraisal Journal