Appraisal Institute News | Appraisal Institute

Dec 28, 2017 08:00 AM

Jim Murrett to Become President of Appraisal Institute on Jan. 1

James L. Murrett, MAI, SRA, of Hamburg, New York, 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 nearly 19,000 professionals in almost 60 countries.

Dec 21, 2017 12:35 PM

New Appraisal Institute Book Addresses Subdivision Valuation Practices

Subdivision analysis is a challenging area of appraisal practice because of the complex timeline concepts and value estimates involved, according to a new book published by the Appraisal Institute.

Dec 20, 2017 12:30 PM

Connecticut Has Nation's Most Expensive Office Market: Report

Fairfield County, Connecticut, is the priciest office market in the U.S. with an average cost of $17,414 per workstation, according to the Office Space Across the World report released Dec. 8 by real estate services firm Cushman & Wakefield. Other top cities: San Francisco; New York; and San Jose, California.

Dec 20, 2017 12:30 PM

Tech Firms Have 'Outsized' Effect on Premium Office Space: JLL

Technology companies are having an "outsized" impact on the nation's most desirable office properties, supplanting finance and law firms as the typical lessees of premium space, according to commercial real estate services firm JLL, MBA NewsLink reported Dec. 13. Five of the top 10 costliest streets are in tech hubs.

Dec 20, 2017 12:30 PM

Demand for Student Housing to Stay Strong, Census Data Show

Estimates show that by 2035 there will be 31 million people in the U.S. aged 18 to 24, which will create ongoing demand for student housing, according to data from the U.S. Census Bureau, National Real Estate Investor reported Dec. 12.

Dec 20, 2017 08:00 AM

Valuing Flood-prone Buildings Poses Challenges: The Appraisal Journal

Remodel and repair of structures along coastlines and in flood zones requires valuation professionals to have extensive knowledge, according to an article published this week in The Appraisal Journal.

Dec 13, 2017 12:30 PM

FHA to Stop Purchasing Loans with PACE Assessments

The Federal Housing Administration announced Dec. 7 that it would stop issuing mortgages on properties that include Property Assessed Clean Energy assessments. The decision is part of a broader effort to protect the agency's Single Family Mutual Mortgage Insurance Fund, which has a net worth of $25.6 billion.

Dec 13, 2017 12:30 PM

Ginnie Mae Targets Lenders Who Prey on Veterans

Ginnie Mae announced Dec. 7 that it is going after lenders that pressure veterans into mortgage refinancing they don't need and that offer rates 1.5 points above market, Bloomberg reported. Ginnie Mae guarantees payment on $2 trillion in mortgage-backed securities, including loans made through the U.S. Department of Veterans Affairs.

Dec 13, 2017 12:30 PM

CoStar, Xceligent Engaged in Settlement Talks

Analytics firms CoStar and Xceligent are purported to be in advanced discussions to settle a year-long intellectual property lawsuit, Bisnow reported Dec. 6. A court order prohibits both parties from discussing a potential settlement of the suit in which CoStar accused Xceligent of stealing its proprietary data.

GSEs Owe Billions; FHFA Fighting to Pay Much Less

Fannie Mae and Freddie Mac owe the government $7.7 billion by the end of the year, but their regulator, the Federal Housing Finance Agency, is negotiating with the White House to pay a significantly smaller sum to give the government-sponsored enterprises a buffer against future losses, Bloomberg reported Nov. 29.

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