Appraisal Institute News

Apr 14, 2021 12:30 PM

Homebuyer, Seller Sentiment Up, Mortgage Outlook Down, Fannie Mae Index Shows

The Fannie Mae Home Purchase Sentiment Index released April 7 showed a month-over-month increase in the number of consumers who think it’s a good time to buy or sell a home, and the majority think home prices will increase this year. The mortgage rate outlook was the sole declining index, with just 6% of consumers believing that rates will drop during the year.

Apr 07, 2021 12:30 PM

$2.3T Infrastructure Plan Includes Billions for Real Estate

President Biden on March 31 announced a $2.3 trillion, eight-year plan focused on infrastructure and clean energy, and the plan would directly affect commercial and residential real estate with $213 billion allocated to building, preserving and upgrading two million homes and commercial buildings, the Real Estate Round Table reported.

Apr 07, 2021 12:30 PM

CFPB Rescinds Temporary Appraisal Flexibilities

https://www.consumerfinance.gov/about-us/newsroom/cfpb-rescinds-series-of-policy-statements-to-ensure-industry-complies-with-consumer-protection-laws/

Apr 07, 2021 12:30 PM

Cap Rates In Single-tenant Net Lease Sector Reach Historic Lows: The Boulder Group

Cap rates in the single-tenant net lease sector reached historic lows for the retail and industrial sectors during the first quarter, commercial real estate firm The Boulder Group reported April 1 in its Net Lease Market report. Retail rates compressed by 9 basis points to 5.91%, and industrial rates compressed by 4 basis points to 6.71%.

Mar 31, 2021 12:30 PM

Developers Turning Golf Courses into Logistics Hubs: Report

The demand for warehouse space continues to grow, and developers looking for large tracts of land on which to build logistics hubs are buying languishing golf courses, Bloomberg reported March 24. Interest in golf surged in the early 2000s, which led to overbuilding, and now that the sport is in decline, the vast acreage is being redeveloped to meet growing e-commerce needs.

Mar 31, 2021 12:30 PM

Industrial Property Values Up as Supply Hinders Market: Data

Industrial property values have increased 8.8% during the past year while warehouse property values rose 10%, according to a report from real estate data firm Real Capital Analytics, WealthManangement.com reported Mach 22. Values are expected to continue rising due to increased demand and constrained supply; facilities in large population centers should see the greatest increases.

Mar 31, 2021 12:30 PM

Demand For Office Space Improves a Year into Pandemic, Recovery Likely, Index Shows

Demand for office space remains 38% lower than just before the pandemic lockdown — but that’s an improvement from last May when demand was 85% lower than pre-pandemic levels, commercial real estate leasing firm VTS reported March 24 in its Office Demand Index. Significant gains in January and February indicate that a recovery is coming.

Mar 24, 2021 12:30 PM

Nearly 50% of Americans Missed Housing Payments: Data

Forty-six percent of Americans missed at least one mortgage or rent payment since the beginning of the coronavirus pandemic, and 25% missed more than one payment, according to survey results released March 11 by personal finance website GOBankingRates. The data showed that the missed payments likely were the result of layoffs and reduced work hours.

Mar 24, 2021 12:30 PM

Economy Likely to Grow, Housing to Remain Stable: Report

Gross domestic product and employment should expand during the coming months, and interest rates are expected to rise but have a nominal effect on home sales, Fannie Mae reported March 17 it its Economic & Housing Outlook report. Fannie expects single-family home sales to be slightly lower this year than last, and anticipates an uneven year for multifamily properties.

Mar 24, 2021 12:30 PM

Fed Says Financial Conditions Remain "Accommodative," No Rate Hikes Expected

The Federal Open Market Committee said that the country’s overall financial conditions remain “accommodative” and noted that they do not expect any increase in the federal funds rate until 2023, MBA NewsLink reported March 17. The FOMC is still concerned about the effects of the coronavirus pandemic on the economy, but acknowledged that activity is improving.

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AI News

Homebuyer, Seller Sentiment Up, Mortgage Outlook Down, Fannie Mae Index Shows

$2.3T Infrastructure Plan Includes Billions for Real Estate

CFPB Rescinds Temporary Appraisal Flexibilities

Cap Rates In Single-tenant Net Lease Sector Reach Historic Lows: The Boulder Group

Developers Turning Golf Courses into Logistics Hubs: Report

Industrial Property Values Up as Supply Hinders Market: Data

Demand For Office Space Improves a Year into Pandemic, Recovery Likely, Index Shows

Nearly 50% of Americans Missed Housing Payments: Data

Economy Likely to Grow, Housing to Remain Stable: Report

Fed Says Financial Conditions Remain "Accommodative," No Rate Hikes Expected