Appraisal Institute News

Nov 17, 2022 08:00 AM

Appraisal Institute Announces Resignation of CEO Jim Amorin

The Appraisal Institute announced today that CEO Jim Amorin, MAI, SRA, AI-GRS, will resign effective Feb. 14, 2023. He will conclude five years of service as the organization’s CEO and is moving on to pursue other opportunities.

Nov 16, 2022 08:00 AM

Commercial and Multifamily Mortgage Loan Originations Decline in Q3: Survey

After a strong start to the year, commercial and multifamily mortgage loan originations during the third quarter were down 13% from the same point a year ago, MBA NewsLink reported Nov. 10. Originations in the commercial mortgage-backed-securities market were down nearly 75% from a year earlier, but originations by banks and other depositories were up 25%.

Nov 16, 2022 08:00 AM

Housing Key Concern as Military Return to Civilian Life: Report

Sixty-four percent of active duty servicemembers returning to civilian life expect their search for affordable housing to be extremely or somewhat challenging, Freddie Mac reported Nov. 10 in its Active-Duty and Veteran Housing Landscape survey. However, 87% of respondents are aware of the benefits of VA home loans, and 90% plan to use one to buy a property.

Nov 16, 2022 08:00 AM

Minority Homeownership up Sharply During Pandemic: Fed Data

The pandemic housing boom showed significant increases in homeownership rates among Black, Asian and Latino households, according to an analysis of federal data, The Washington Post reported Nov. 1. The fact that millennials were able to save money during the pandemic was cited as a key factor.

Nov 15, 2022 11:00 AM

Ranch Properties are Grabbing the Spotlight, Appraisers Need to Understand the Land: Valuation Magazine

Whether they’re meant as rural retreats or working agricultural operations, ranch properties of all shapes and sizes are in high demand. When it comes to appraising them, find out why appraisers need to start with the land in the third quarter 2022 issue of Valuation magazine.

Quality Data Crucial for Residential Appraisal Assignments: The Appraisal Journal

Accurate data is key for appraisers to ensure timely, accurate market analysis especially in times when markets are in flux, according to an article published this week in The Appraisal Journal.

Oct 20, 2022 08:30 AM

Appraisal Institute Tells Homeowners How to Prepare for an Appraiser's Visit

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is encouraging homeowners to be prepared when an appraiser visits.

Oct 12, 2022 08:30 AM

Property Damage from Hurricane Ian Could Reach $47 Billion, CoreLogic Reveals

Wind and storm surge damage from Hurricane Ian is expected to total between $28 billion and $47 billion, making it the costliest Florida storm since Hurricane Andrew, CoreLogic reported Sept. 29. Wind damage for both commercial and residential properties is expected to total between $22 billion and $32 billion while storm surge damage could total $6 billion to $15 billion.

Oct 12, 2022 08:30 AM

Most States Prepared to Handle a Recession: Moody’s Study

A record 43 states have the necessary funds to weather a recession without resorting to significant spending cuts or tax increases, according to a study published Sept. 29 by Moody’s Analytics. The states in the worst revenue position are Illinois, Alaska, Arizona, Mississippi and New Hampshire.

Oct 12, 2022 08:30 AM

Single-tenant Cap Rates Up in Q3: The Boulder Group

Cap rates in the single-tenant net lease sector were up slightly in all sectors during the third quarter, the first time in two years with consecutive quarterly increases, The Boulder Group reported Oct. 6 in its Q3 2022 Net Lease Market report. Retail reached 5.86%, office hit 6.8% and industrial came in at 6.61%.

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AI News

Appraisal Institute Announces Resignation of CEO Jim Amorin

Commercial and Multifamily Mortgage Loan Originations Decline in Q3: Survey

Housing Key Concern as Military Return to Civilian Life: Report

Minority Homeownership up Sharply During Pandemic: Fed Data

Ranch Properties are Grabbing the Spotlight, Appraisers Need to Understand the Land: Valuation Magazine

Quality Data Crucial for Residential Appraisal Assignments: The Appraisal Journal

Appraisal Institute Tells Homeowners How to Prepare for an Appraiser's Visit

Property Damage from Hurricane Ian Could Reach $47 Billion, CoreLogic Reveals

Most States Prepared to Handle a Recession: Moody’s Study

Single-tenant Cap Rates Up in Q3: The Boulder Group