Appraisal Institute News

Sep 01, 2021 12:30 PM

Manufacturing Hits Pre-pandemic Levels, Housing and Retail Slip: Fed Minutes Show

Industrial production, a gauge of the manufacturing sector’s performance, increased 0.9% in July, the largest jump since March, according to the Federal Open Market Committee meeting minutes, Fannie Mae reported Aug. 20. Meanwhile, housing starts dipped 7% and retail fell 1.1%. The Fed also announced plans to start reducing asset purchases this year.

Aug 25, 2021 12:30 PM

New FHFA Housing Goals Focus on Affordable Housing

The Federal Housing Finance Agency on Aug. 18 released proposed 2022-24 housing goals for Fannie Mae and Freddie Mac that are primarily designed to promote equitable access to affordable housing with a specific focus on low- and moderate-income borrowers, minority communities and rural areas. FHFA also is proposing new single-family subgoals.

Aug 25, 2021 12:30 PM

Global CRE Investment at Pre-pandemic Levels in Q2: JLL

Global investment in commercial real estate totaled nearly $250 billion during the second quarter, more than double the amount invested at the same point last year, according to commercial real estate firm JLL, MBA NewsLink reported Aug. 17. Total global CRE investment activity is now back at 2019 levels.

Aug 25, 2021 12:30 PM

Hotel Forecast Shows Improvement, but Lower Growth is Projected in 2022: Analysis

The forecast for U.S. hotels this year has been upgraded, but projections for next year call for reduced growth, according to analytics firms STR and Tourism Economics, MBA NewsLink reported Aug. 17. Room demand is expected to fully recover in 2023, but revenue per available room likely won’t reach pre-pandemic levels until 2024.

Aug 18, 2021 12:30 PM

AI Board of Directors Adopts Strategic Plan

The Appraisal Institute Board of Directors adopted a Strategic Plan at its Aug. 12-13 meeting in Orlando, Florida.

Aug 18, 2021 12:30 PM

Sandra Adomatis Elected 2022 AI Vice President

Sandra K. Adomatis, SRA, of Punta Gorda, Florida, was elected 2022 vice president of the Appraisal Institute Aug. 12 by the AI Board of Directors during its meeting in Orlando, Florida. Adomatis’ one-year term as vice president will begin Jan. 1, followed by one year each as president-elect, president and immediate past president.

Aug 18, 2021 12:30 PM

AI Board of Directors Adopts 45-Day Notice Items During August Meeting

The Appraisal Institute Board of Directors voted to adopt three 45-Day Notice items during its Aug. 12-13 meeting in Orlando, Florida. The 45-Day Notice items address Audit Committee powers and duties, the Candidate for Designation program, and Life Status and Designated Member readmission.

Aug 04, 2021 12:30 PM

Record Low Cap Rates for Single-tenant Dollar Stores: Data

Cap rates in the single-tenant net-lease dollar store sector reached a historic low during the second quarter, according to the Net Lease Dollar Store report released Aug. 1 by commercial real estate firm The Boulder Group. Dollar General’s cap rate was 5.75%, while Dollar Tree reached 6.50%.

Aug 04, 2021 12:30 PM

Fannie Mae: Appraisers Should Avoid "Problematic Phrases"

Fannie Mae in its July Appraiser Update newsletter has requested that appraisers avoid using phrases in their reports that can be viewed as problematic because they represent subjective judgments and not objective facts. Examples of phases that should be avoided are “desirable neighborhood,” “crime-ridden area,” “affordable neighborhood” and “Integrated community.”

Aug 04, 2021 12:30 PM

Smaller Cities Poised to Become Top Tech Markets, Led by Dayton, Ohio, CBRE Reports

Dayton, Ohio, could be the next top tech market, according to a report from real estate firm CBRE, WeathManagement.com reported July 26. Market determinations are based on labor fundamentals and costs, growth opportunities for companies and high concentrations of tech workers. The list contains mostly smaller markets, and also includes Huntsville, Alabama, and Colorado Springs, Colorado.

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AI News

Manufacturing Hits Pre-pandemic Levels, Housing and Retail Slip: Fed Minutes Show

New FHFA Housing Goals Focus on Affordable Housing

Global CRE Investment at Pre-pandemic Levels in Q2: JLL

Hotel Forecast Shows Improvement, but Lower Growth is Projected in 2022: Analysis

AI Board of Directors Adopts Strategic Plan

Sandra Adomatis Elected 2022 AI Vice President

AI Board of Directors Adopts 45-Day Notice Items During August Meeting

Record Low Cap Rates for Single-tenant Dollar Stores: Data

Fannie Mae: Appraisers Should Avoid "Problematic Phrases"

Smaller Cities Poised to Become Top Tech Markets, Led by Dayton, Ohio, CBRE Reports