This past July, Chapter members Mike Moody, MAI, Mike Elwell, MAI, SRA, R/W-AC, John C. Palmer, MAI, CCIM, and Greyson S. Morgan, MAI had a very successful visit to the state capitol where they met with Representative Jon Hardister, House Majority Whip; Representative John Bell, House Majority Leader; Representative Terry Brown; and Representative Brian Turner to discuss current and upcoming legislation topics that impact the North Carolina appraisal industry.
Thank you to all those who attended the 2021 REVC and to our event sponsors and speakers. On September 2, attendees heard insights into market trends, challenges, highlights and developments in the commercial, retail, residential, office, industrial, healthcare, finance, and hospitality sectors. This year’s attendees raved about the conference and are already looking forward to next year!
A special Thank You to our conference sponsors for helping make this year’s event a success!
Originally published on September 22, 2021 by Shira Petrack for Placer
Our latest whitepaper analyzes the tourism and travel recovery following a year and a half of extraordinary challenges. We dove into foot traffic data for cities, states, hotels, airports, and tourist attractions across the countries to understand how the pandemic impacted – and continues to impact – these critical industries.
Originally published on September 29, 2021, by the Appraisal Institute.
The Appraisal Institute Board of Directors on Sept. 27 sent to 45-Day Notice of proposed amendments to Bylaws and Regulation No. 8, Standards of Valuation Practice, and three exposure drafts.
Originally published on September 23, 2021, by Angela Waugaman for Freddie Mac.
MCLEAN, Va., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.88 percent.
We’d like to welcome our newest members who joined in Fall 2021!
Originally published on September 15, 2021, by Michael Tucker for Mortgage Bankers Association.
Commercial property prices just keep increasing, according to reports from CoStar, Washington, D.C. and Green Street, Newport Beach, Calif.
Originally published on September 14, 2021, by Michael Tucker for Mortgage Bankers Association.
The hotel sector continues to bounce back from a devastating 2020, according to new reports from STR and JLL Hotels.
Originally published by Jacob Albers and David Bitner for Cushman & Wakefield.
As demand for ESG-committed assets has grown, a key question has arisen: do these assets perform the same or better than their non-ESG peers? If so, is it possible to quantify this difference?
Key takeaways:
Originally published on September 13, 2021, by Huo Jingnan, Rebecca Hersher, Tegan Wendland, Steve Newborn and Daniel Rivero for NPR.
The first thing Larry McCanney fell in love with was the tree in the front yard. It cast shade on the porch of a house that, if he were honest, needed some work. But McCanney is handy, the price was right and the location was perfect, just a couple of miles from his childhood home in Burlington, N.J.
Originally published on September 23, 2021, by Joe Hernandez for NPR.
Home appraisers are more likely to undervalue homes in Black and Latino areas than those in white ones, a new report by Freddie Mac has found.
Originally published on August 31, 2021, on MBA Newslink.
Fitch Ratings, Chicago, said the U.S. commercial real estate market will likely see deteriorating credit metrics once stimulus measures wind down and forbearance programs expire, with smaller CRE-concentrated banks more susceptible to elevated losses, which are expected to peak below levels seen in the past.
Originally published on September 1, 2021, by Adam Russell for FFHA.
Washington, D.C. – Today, through the First Look Program, the Federal Housing Finance Agency (FHFA) extended from 20 to 30 days, the period during which owner-occupants, public entities, and nonprofits will have exclusive ability to buy Fannie Mae and Freddie Mac (the Enterprises) real estate owned (REO) properties before they are available for investor purchase. Launched in 2009, the First Look Program promotes owner occupancy and neighborhood stabilization. Providing individuals, families, and nonprofits with a longer amount of time to find adequate financing should help keep owner-occupants living in these homes.
Cap rates in the net lease quick-service sector reached a historic low of 5.26% during the second quarter, down 39 basis points from last year, according to the Q2 2021 Net Lease QSR Market Report released Sept. 1 by The Boulder Group. Cap rates for corporate-leased QSR properties dropped 20 basis points to 5%, while properties leased to franchisees dropped 43 basis points to 5.4%.
Originally published on September 1, 2021, by the White House.
Since President Biden took office, the economy has created more than 4 million jobs, with an average of more than 830,000 new jobs over the last three months. In the first half of the year, the economy grew at the fastest rate seen in nearly 40 years.
Join fellow members and guests later this month to congratulate newly designated members, hear committee updates about the Chapter’s summer activities and find out what lies ahead for the Fall/Winter!
Make sure to register prior to joining the meeting to receive the 2 AI credits.
Originally published on August 23, 2021 by Quintin Simmons for the National Association of Realtors.
WASHINGTON (August 23, 2021) – Existing-home sales rose in July, marking two consecutive months of increases, according to the National Association of Realtors®. Three of the four major U.S. regions recorded modest month-over-month gains, and the fourth remained level. Figures varied from a year-over-year perspective as two regions saw gains, one witnessed a decline and one was unchanged.
Originally published on August 20, 2021, by Nicole Murphy for Realtor.com.
SANTA CLARA, Calif., Aug. 20, 2021 /PRNewswire/ -- 3D printed home technology has hit the mainstream, with builders claiming these homes can be built in half the time and for half the cost. But will people actually buy them? A new survey from Realtor.com® found that 66% of all consumers and 75% of millennials would consider living in a 3D printed home. The survey also found that 30% of all respondents and 43% of millennials think that 3D printed homes will replace traditional methods of homebuilding.
Originally published on August 24, 2021, by Michael Tucker for Mortgage Bankers Association.
Moody’s Investors Service, New York, said rebounding retail sales and new store openings should boost retail property loan performance.
