Appraisal Institute News

Jun 22, 2022 12:30 PM

Commercial Real Estate Investment During First Quarter Sets Record, JLL Reports   

Investment in commercial real estate is off to a strong start with a record $292 billion during the first quarter, according to JLL, MBA NewsLink reported June 15. Office sector investment was $81 billion, the most in 15 years, while hotel investment reached $16 billion, a 127% increase from the same point a year ago.

Jun 22, 2022 12:30 PM

‘Little Evidence’ Housing Bubble is About to Burst: Moody’s

There is little evidence that a housing bubble is about to burst, according to Moody’s Analytics, GlobeSt.com reported June 13. Higher mortgage rates coupled with expensive housing should slow demand and cause prices to moderate. Moody’s also noted a lack of extreme speculation and overbuilding, two issues that contributed to the housing bubble in the mid-2000s.

Jun 22, 2022 12:30 PM

Inflation Causing Global Drop in Property Values: Report

Inflation and rising interest rates have caused real estate values to drop 5-10% year-over-year in some areas of the U.S. and Europe, according to the global chief investment officer of Hines, Bloomberg reported June 13. The market for office space has been hardest hit in the U.S., with the demand for rental housing also starting to wane.

Jun 01, 2022 12:30 PM

Pending Home Sales at Slowest Pace in Nearly a Decade: NAR

Pending home sales fell 3.9% in April, marking the sixth consecutive monthly decline and 11 months of year-over-year declines, the National Association of Realtors reported May 26. The Midwest was the only region to see a monthly increase in April. Overall, pending contracts are at their slowest pace in nearly a decade.

Jun 01, 2022 12:30 PM

Interest Rate Hikes Could Go Further than Expected: Fed

The Federal Reserve is ready to proceed with multiple 50-basis-point interest rate hikes, and may transition its policy from “neutral” to “restrictive,” CNBC reported May 25. The Fed’s actions are intended to address ongoing inflation concerns.

Jun 01, 2022 12:30 PM

Proposed VA Bill to Allow Some Desktop Appraisals, Waivers

Legislation introduced last month in the Senate would change the Department of Veterans Affairs’ valuation requirements to permit desktop appraisals and, in some cases, appraisal waivers, HousingWire reported May 23. Currently, all VA appraisals must be handled in-house, a process that has garnered complaints about taking too long and being too expensive.

May 25, 2022 08:30 AM

Growing Leisure and Business Travel Boosts Hospitality Recovery, Data Reveals  

The hospitality sector continues its recovery, with more than three-quarters of U.S. hotel markets reporting higher revenue per available room (RevPAR) than was reported in May 2019, before the pandemic put a halt to most travel, STR reported May 23. Leisure travel accounts for most of the gains, but business travel is increasing and boosting the performance of hotels in central business districts.

May 25, 2022 08:30 AM

MISMO Seeks Input on Commercial Appraisal Dataset Standards

MISMO is inviting the public to comment on Phase 2 of its proposed Commercial Appraisal Dataset Standards, MBA NewsLink reported May 17. The current standards would add retail-, industrial- and office-related data points. Comments are due by July 12.

May 25, 2022 08:30 AM

White House Addresses Rising Housing Costs, Supply Issues

The Biden administration on May 16 released its Housing Supply Action Plan to increase the supply of quality housing by closing the supply shortfall in five years, starting with the creation and preservation of hundreds of thousands of affordable units during the next three years. Rental and down payment assistance also are part of the plan.

May 24, 2022 08:30 AM

New Appraisal Institute Book Explores Solutions to Complex Land Valuation Issues

Appraisers encounter many situations in which the value of land must be estimated, and some of these situations can present complex challenges, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

appraisalinstitute.org

AI News

Commercial Real Estate Investment During First Quarter Sets Record, JLL Reports

‘Little Evidence’ Housing Bubble is About to Burst: Moody’s

Inflation Causing Global Drop in Property Values: Report

Pending Home Sales at Slowest Pace in Nearly a Decade: NAR

Interest Rate Hikes Could Go Further than Expected: Fed

Proposed VA Bill to Allow Some Desktop Appraisals, Waivers

Growing Leisure and Business Travel Boosts Hospitality Recovery, Data Reveals

MISMO Seeks Input on Commercial Appraisal Dataset Standards

White House Addresses Rising Housing Costs, Supply Issues

New Appraisal Institute Book Explores Solutions to Complex Land Valuation Issues