ru - Residential Update | Appraisal Institute

June 2018

President Signs Dodd-Frank Reform Bill Complete with Appraisal Revisions

President Trump on May 24 signed into law S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, legislation intended to bring regulatory relief to small and midsized banks by rolling back parts of the Dodd-Frank Act.

June 2018

Experts Cite Monetary Policy as 'Likeliest Cause' for Recession by 2020

The country's next recession is expected to occur between 2019 and 2021, according to a survey of more than 100 real estate experts, analytics firm Pulsenomics reported May 22. The experts cited monetary policy as the "likeliest cause" for the downturn.

June 2018

Treasury Department Report Touts Multiple Deregulation Achievements

The U.S. Department of the Treasury on April 24 reported that its plan to decrease regulatory burdens resulted in the modification or elimination of 100 financial regulations since the last report was released in 2016, HousingWire reported. Treasury noted that only two regulations were categorized as significant.

June 2018

CoStar Cracks down on ‘Freeloaders’ Using Real Estate Database

Data firm CoStar announced plans April 23 to target so-called "freeloaders," users accessing its database without paying, The Real Deal reported. The firm said it suspects as many as 30,000 individuals are illegally using its commercial real estate database.

June 2018

AI Lobbies Lawmakers on Safety and Soundness Concerns, Regulatory Relief

More than 100 Appraisal Institute professionals went to Capitol Hill May 17 to discuss safety and soundness concerns and urge congressional support for regulatory relief and appraisal modernization, the Appraisal Institute reported.

June 2018

Apartment Developers Rethink Parking Needs, Report Shows

Multifamily developers often struggle to determine the perfect parking ratio, noting that successful projects often depend on getting parking requirements right — often reduced but not entirely eliminated — because tenants today are less dependent on automobiles, according to property management firm RealPage, National Real Estate Investor reported May 8.

June 2018

Economic Growth Poised to Continue this Year, Drop Next Year: Fannie Mae

Economic growth is expected to remain at 2.7 percent through the end of the year, but then take a downward turn next year as the fiscal stimulus from the Tax Cuts and Jobs Act of 2017 starts to fade, Fannie Mae reported May 17 in its newest Economic and Housing Outlook.

June 2018

Ride-sharing Services Reduce Property Values Near Public Transit: Report

Properties near public transportation are losing value due to ride-sharing services, according to a report released May 1 by insurer MetLife, Bloomberg reported. In San Francisco, for example, apartments near transit stops typically showed a 20 percent premium, which dropped to around 15 percent once Uber began operating in the city.

June 2018

Midland, Texas, is the Nation’s Top Housing Market, Realtor.com Reports

Midland, Texas, is the nation's top housing market, based on how quickly homes there sell and online traffic, Realtor.com reported April 26. Typically, cities in California take the top spots, but only six Golden State cities appeared on the list of the 20 hottest markets, marking a steep decline.

June 2018

Senators Report GSE Reform Halted — for Now

Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., told the Senate Banking Committee May 23 that legislative efforts to end government control of Fannie Mae and Freddie Mac are dead for now, Bloomberg reported. Corker's and Warner's attempt to write a bill to preserve the government-sponsored enterprises' operations failed to garner enough support.