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Results: 204 Articles found.
Apr 28, 2021 12:30 PM

Silicon Valley Has Lowest Office Vacancy Rate; Other Cities Face Surplus Space: JLL

The office vacancy rate for Silicon Valley was 11% during the first quarter, the lowest in the U.S., according to commercial real estate firm JLL, WealthManagement.com reported April 20. For comparison, the first-quarter office vacancy rate was 13% for New York City (the highest in 30 years) and 16% for both San Francisco and Seattle.

 
Apr 27, 2021 08:00 AM

Appraisal Institute Continues to Fight Unconscious Bias: Valuation Magazine

Bias, both unconscious and structural, present a wide-ranging, multifaceted challenge to the real estate industry and have deep historical roots, according to an article in Valuation magazine’s first quarter 2021 issue.

 
Apr 22, 2021 08:00 AM

Appraisal Institute Opens Registration for 2021 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced it has opened registration for its 2021 Annual Conference, Aug. 9-10, in Orlando, Florida.

 
Apr 21, 2021 12:30 PM

House Approves Real Estate Valuation Fairness Legislation

The House Financial Services Committee on April 20 approved HR 2553, the Real Estate Valuation Fairness and Improvement Act, legislation that would establish an interagency task force to analyze federal collateral underwriting standards and guidance, and provide resources for promoting diversity within the valuation profession. The bill now moves to a full House vote, but no date has been set.

 
Apr 21, 2021 12:30 PM

Minority Households Face Affordability Issues: NAHB Analysis

Only 24% of Black households can afford the nation’s median new home price of $346,577, the National Association of Home Builders reported April 13. For comparison, 32% of Hispanic households can afford a median price home as can 44% of non-Hispanic white households and 56% of Asian households. The affordability gap is an issue across all states.

 
Apr 21, 2021 12:30 PM

Lack of Supply Drives Up Home Prices; Commercial Sector Still Stalled: Fed Beige Book

Strong demand for single-family homes continues to drive up prices, but builders are struggling to meet demand and reporting numerous production challenges and rising construction costs, the Federal Reserve reported April 14 in its newest Beige Book. On the commercial side, the hotel, retail and office sectors generally remain weak.

 
Apr 21, 2021 08:00 AM

New Appraisal Institute Text Examines Appraising Automobile Dealerships

Since valuing automobile dealerships requires specialized knowledge of the operation of auto dealerships and the physical features of dealership properties, “A Guide to Appraising Automobile Dealerships,” second edition, includes case studies, real-life examples and guidance from industry experts, according to a book published by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

 
Apr 14, 2021 12:30 PM

Biden Seeks More Affordable Housing with $5B in Incentives

President Biden is seeking to increase affordable housing in the U.S. by providing $5 billion in financial incentives to local governments to allow apartment buildings in neighborhoods that are restricted to single-family homes, Reuters reported April 8. The incentives to change zoning laws are part of the president’s overall $2 trillion infrastructure proposal.

 
Apr 14, 2021 12:30 PM

CFPB Seeks to Ban Foreclosure Starts Until 2022

The Consumer Financial Protection Bureau on April 5 released a notice of proposed rulemaking that would prohibit servicers from initiating foreclosure proceedings until after Dec. 31, 2021. Current rules state that borrowers have to be delinquent for 120 days before the foreclosure process can start. Comments on the proposal are due May 11.

 
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.

 
 
Results: 204 Articles found.

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