Appraisal Institute News

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.

May 04, 2022 12:30 PM

CRE Sector Looks Healthy; Potential Recession to Have Limited Effect: ULI Forecast

Regional markets and the build-to-rent sector are expected to drive commercial real estate growth this year, the Urban Land Institute reported April 22 in its Spring 2022 Real Estate Economic Forecast. Both prices and transaction volume are expected to moderate this year, but remain strong. And while the prospects of a recession have increased, the impact on real estate should be limited.

May 04, 2022 12:30 PM

FHFA Duty to Serve Plans Focus on Affordable Housing

The Federal Housing Finance Agency on April 27 published its 2022-24 Underserved Markets Plan for Fannie Mae and Freddie Mac, and the focus is on manufactured housing, affordable housing preservation and rural housing. In May 2021, the FHFA determined that Fannie and Freddie’s plans did not meet the DTS Non-Objection standard, but this proposal addresses those issues.

May 04, 2022 12:30 PM

Small-cap CRE Prices Jump but Aren’t Overinflated: Data

Small-cap commercial real estate prices have increased at an unprecedented pace, but are not considered overinflated, according to Boxwood Means, MBA NewsLink reported April 26. The Boxwood National Small Commercial Price Index posted double-digit annual price growth for eight consecutive months as of January, the longest streak since 2006.

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AI News

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

CRE Sector Looks Healthy; Potential Recession to Have Limited Effect: ULI Forecast

FHFA Duty to Serve Plans Focus on Affordable Housing

Small-cap CRE Prices Jump but Aren’t Overinflated: Data