Appraisal Institute News

Jan 14, 2021 08:00 AM

Appraiser Diversity Workshop Scheduled

The Appraisal Institute is collaborating with the National Urban League and Fannie Mae to host a free virtual Appraiser Diversity Initiative workshop, “How to Become a Real Estate Appraiser,” Saturday, Jan. 30, noon- 1:15 p.m. EST.

Jan 13, 2021 12:30 PM

Democrat-controlled Congress Could Mean More Rent Relief

With Democrats controlling both the House and Senate, there may be additional relief coming for renters facing eviction, CNBC reported Jan. 6. While the current stimulus package extended an eviction ban through January and allocated $25 billion for rental assistance, additional measures could provide renters with additional financial assistance and guarantee those facing eviction the right to seek counsel.

Jan 13, 2021 12:30 PM

COVID-19 Led to Most Corporate Bankruptcies Since 2009: Data

Retail, consumer and energy companies led the list of 244 companies that filed for bankruptcy in 2020, the most since 2009 when 293 companies sought protection, Bloomberg reported Jan. 5. More bankruptcies are expected as retail continues to struggle. Real estate was hit hard, with 22 large firms filing for bankruptcy — the most since 2011.

Jan 13, 2021 12:30 PM

Fed Officials Unanimously Support Bond-buying Strategy, Meeting Minutes Show

Federal Reserve officials during their December meeting unanimously agreed to maintain the current pace of asset purchases while remaining open to future adjustments, Bloomberg reported Jan. 6. The Federal Open Market Committee kept interest rates near zero and pledged to continue $120 billion in monthly purchases of mortgage-back securities.

Jan 12, 2021 08:00 AM

Appraisal Institute Helps Tackle Unconscious Valuation Bias: Valuation Magazine

The Appraisal Institute is addressing unconscious valuation bias while also expanding opportunities for aspiring appraisers, according to an article in Valuation magazine’s third/fourth quarter 2020 issue.

Jan 07, 2021 08:30 AM

Steps in Highest and Best Use Analysis Determine Use With Highest Present Value: The Appraisal Journal

“The Appraisal of Real Estate,” is the premier presentation of the Appraisal Institute’s body of knowledge and the newly released 15th edition of this text is the subject of special coverage in the latest issue of The Appraisal Journal. “The Appraisal of Real Estate,” 15th edition, is respected internationally for its comprehensive and in-depth treatment of valuation theory and methodology in real property valuation.

Jan 06, 2021 12:30 PM

Supreme Court Denies Further Stay in FTC Case Against LREAB

The U.S. Supreme Court on Dec. 18 declined to intervene or issue a further stay of the administrative proceedings brought by the Federal Trade Commission against the Louisiana Real Estate Appraisers Board, making it the first case concerning real estate appraisers to reach the Supreme Court in almost 60 years.

Jan 06, 2021 12:30 PM

Single-tenant Net Lease Cap Rates Hit Historic Lows in Q4: The Boulder Group

Cap rates in the single-tenant net lease sector hit historic lows in all three major subsectors (retail, office, industrial) during the fourth quarter of 2020, real estate firm The Boulder Group reported Jan. 4. Industrial cap rates dropped 13 basis points to 6.75%, retail was down 6 basis points to 6% and office remained at 6.9%.

Jan 06, 2021 12:30 PM

FHFA Seeks Input on Appraisal Policies, Practices, Procedures

The Federal Housing Finance Agency on Dec. 28 issued a Request for Input on policies and processes related to appraisal modernization, the Uniform Appraisal Dataset, automated valuation models, appraisal waivers and valuation differences by borrower and neighborhood ethnic makeup. Feedback is due to the FHFA by Feb. 26.

Dec 30, 2020 08:00 AM

Rodman Schley to Become President of Appraisal Institute on Jan. 1

Rodman Schley, MAI, SRA, of Arvada, Colorado, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with over 17,000 professionals in almost 50 countries.

appraisalinstitute.org

AI News

Appraiser Diversity Workshop Scheduled

Democrat-controlled Congress Could Mean More Rent Relief

COVID-19 Led to Most Corporate Bankruptcies Since 2009: Data

Fed Officials Unanimously Support Bond-buying Strategy, Meeting Minutes Show

Appraisal Institute Helps Tackle Unconscious Valuation Bias: Valuation Magazine

Steps in Highest and Best Use Analysis Determine Use With Highest Present Value: The Appraisal Journal

Supreme Court Denies Further Stay in FTC Case Against LREAB

Single-tenant Net Lease Cap Rates Hit Historic Lows in Q4: The Boulder Group

FHFA Seeks Input on Appraisal Policies, Practices, Procedures

Rodman Schley to Become President of Appraisal Institute on Jan. 1