Appraisal Institute News

Mar 13, 2019 12:30 PM

Consumer Financial Protection Bureau Issues Rulemaking Notice on PACE Financing

The Consumer Financial Protection Bureau is seeking comments on its residential Property Assessed Clean Energy financing regulations and released on March 4 an Advance Notice of Proposed Rulemaking. Comments are due May 3. PACE allows homeowners to obtain financing to make improvements that increase energy efficiency.

Mar 06, 2019 12:30 PM

AI, Freddie Mac to Teach Valuation of Manufactured Homes

The Appraisal Institute and Freddie Mac on March 5 announced a partnership targeted to help real estate appraisers when valuing manufactured housing. The partnership will provide practical appraisal training to all appraisers, as well as specifically targeted training and case studies to address manufactured housing valuation assignments for Freddie Mac’s CHOICEHome.

Mar 06, 2019 12:30 PM

Economists Predict Recession by 2021: National Association for Business Economics

Three-quarters of economists responding to a survey from the National Association for Business Economics believe that a recession will take place by the end of 2021, HousingWire reported Feb. 26. The economists said they generally favor current economic policy, but expect diminishing returns on existing deregulation and tax initiatives.

Court Denies Louisiana Appraisers Board Petition for Review

The United States Court of Appeals for the 5th Circuit dismissed on Feb. 28 the Louisiana Real Estate Appraisers Board’s petition for review of a Federal Trade Commission decision that disallowed the LREAB from asserting its state-action immunity defense in ongoing administrative proceedings. The court ruled that it did not have jurisdiction to consider the petition.

Mar 06, 2019 11:00 AM

Appraisal Institute and Freddie Mac to Teach Valuation of Manufactured Homes

The Appraisal Institute and Freddie Mac today announced a partnership targeted to help real estate appraisers when valuing manufactured housing, meeting an important need for homebuyers, lenders, appraisers and homebuilders.

Feb 27, 2019 12:30 PM

No Hearing on Residential Appraisal Threshold Increase

The Appraisal Institute on Feb. 19 received notice from the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency that a request for a hearing on the proposal to raise the residential appraisal threshold from $250,000 to $400,000 was denied.

Feb 27, 2019 12:30 PM

California Solar Rule Could Add $10K to New Home Prices

California will require solar panels on all new homes starting next year, and the mandate could increase property prices by $8,000 to $10,000 and hurt affordable housing, according to the California Energy Commission, CNBC reported Feb. 17. However, homeowners are expected to recoup costs through lower utility bills.

Feb 27, 2019 12:30 PM

Co-living Units Average Higher Rents, Net Incomes Than Regular Apartments: Report

Demand for co-living properties is high, with rental income averaging 44 percent more per square foot than conventional apartments in the same building, and average net operating incomes about 30 percent higher per square foot, even after accounting for the costs of amenities like Wi-Fi and housekeeping, National Real Estate Investor reported Feb. 19.

Feb 27, 2019 08:00 AM

New Appraisal Institute Book Addresses Corridor Valuation

Appraising energy and transportation corridors presents special challenges for real property valuation professionals, according to a new book published by the Appraisal Institute, the Appraisal Institute of Canada and the International Right of Way Association.

Feb 20, 2019 12:30 PM

CFPB Releases List of Rural and Underserved Counties

The Consumer Financial Protection Bureau on Feb. 12 released its 2019 list of rural and underserved counties, which those entities can use to determine if they are exempt from certain appraisal and ability-to-pay rules.

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AI News

Consumer Financial Protection Bureau Issues Rulemaking Notice on PACE Financing

AI, Freddie Mac to Teach Valuation of Manufactured Homes

Economists Predict Recession by 2021: National Association for Business Economics

Court Denies Louisiana Appraisers Board Petition for Review

Appraisal Institute and Freddie Mac to Teach Valuation of Manufactured Homes

No Hearing on Residential Appraisal Threshold Increase

California Solar Rule Could Add $10K to New Home Prices

Co-living Units Average Higher Rents, Net Incomes Than Regular Apartments: Report

New Appraisal Institute Book Addresses Corridor Valuation

CFPB Releases List of Rural and Underserved Counties