Filtered by author: Lisa Dacres Clear Filter

Amazon Closes Some US Warehouses, Scraps Plans for Dozens of Others: Report

Originally published on September 2, 2022, by Matt Day and Spencer Soper for Bloomberg.

Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. 

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Office Market Likely Changed Forever: MBA White Paper

Originally published on September 9, 2022, by the Mortgage Banker's Association. 

The ongoing tug of war between employers and employees about returning to the office will accelerate as pandemic-related impacts fade, according to a new Mortgage Bankers Association white paper.

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Foreclosure Rates Rise to Pre-pandemic Levels, Data Shows

Originally published on September 8, 2022 by ATTOM Staff for ATTOM.

 ATTOM, a leading curator of real estate data nationwide for land and property data, today released its August 2022 U.S. Foreclosure Market Report, which shows there were a total of 34,501 U.S. properties with foreclosure filings — default notices, scheduled auctions, or bank repossessions — up 14 percent from a month ago and up 118 percent from a year ago.

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RV/Boat Storage Facilities in Demand Following Record Pandemic Purchases: Data 

Originally published on September 7, 2022, by Yardi Matrix.

Consumer purchases of recreational vehicles and boats are spurring strong demand for storage facilities, creating investment opportunities within this niche asset class, according to a new research bulletin from Yardi® Matrix.

The bulletin outlines factors driving demand for RV and boat storage. Most notable among them are a record number of acquisitions. In 2021, 571,000 RV registrations and 313,000 boat sales were recorded, driven largely by consumers’ desire for outdoor vacation activities during the pandemic and a shortage of space in residential areas to store vehicles.

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Office Sector Down, Not Out as Firms Seek Changes, Short Leases: Cushman & Wakefield

Originally published on August 30, 2022, by Michael Tucker for the Mortgage Banker's Association.

Office absorption remains negative even though office-using employment increased by 1.9% in the first half of the year, adding 635,000 jobs, reported Cushman & Wakefield, Chicago.

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Construction Costs to See Largest Gain in 15 Years: CBRE

Originally published on August 30, 2022 by Michael Tucker for the Mortgage Banker's Association.

CBRE, Dallas, said it expects U.S. construction costs to jump 14.1 percent year-over-year by year-end due to pressures including labor shortages, inflation, supply chain disruptions, pandemic reverberations, and the war in Ukraine.

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Multifamily Powers On Despite Rising Interest Rates: Berkadia

Originally published on August 30, 2022 by Berkadia.

 Berkadia’s 2022 Mid-Year Powerhouse Poll finds that overall, the multifamily market continues to experience increased demand despite rising rent and interest rates. Berkadia mortgage bankers and investment sales agents (80%) expect multifamily rental demand will continue to outpace supply for the remainder of 2022. The proprietary poll, conducted in July 2022, collected insights from 123 Berkadia investment sales agents and mortgage bankers across 65 offices to assess expected commercial real estate activity and opportunities for the second half of 2022 and beyond.

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Multifamily Powers On Despite Rising Interest Rates: Berkadia

Originally published on August 30, 2022 by Berkadia.

 Berkadia’s 2022 Mid-Year Powerhouse Poll finds that overall, the multifamily market continues to experience increased demand despite rising rent and interest rates. Berkadia mortgage bankers and investment sales agents (80%) expect multifamily rental demand will continue to outpace supply for the remainder of 2022. The proprietary poll, conducted in July 2022, collected insights from 123 Berkadia investment sales agents and mortgage bankers across 65 offices to assess expected commercial real estate activity and opportunities for the second half of 2022 and beyond.

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FHFA to Create Committee on Affordable, Equitable Housing

Originally published on August 23, 2022, by the Federal Housing Finance Agency.

The Federal Housing Finance Agency (FHFA) today announced its intent to establish a Federal Advisory Committee on Affordable, Equitable, and Sustainable Housing (Committee). 

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Economic Concerns, Housing Shortage Stressing Low-income Households: ULI

Originally published on August 17, 2022, by the Urban Land Institute.

A long-term trend of housing underproduction exacerbated by rising inflation and economic uncertainty threatens home attainability for millions of people across the United States, according to the 2022 Home Attainability Index, a comprehensive new study from the Urban Land Institute’s (ULI) Terwilliger Center for Housing.

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Life Science Sector Positioned for Future Growth: Newmark  

Originally published on August 25, 2022, by Michael Tucker for Mortgage Banker's Association.

Despite the stock market turmoil, slowing venture capital funding and interest rate volatility, life science real estate remains well-positioned for future growth, said Newmark, New York.

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Suburbs No Longer a Bargain With Rents at New High: Data  

Originally published on August 24, 2022, by Rachel Conner for the Realtor.com.

Driven by migration away from expensive city centers during the pandemic, the rental price advantage of living in the suburbs (vs. urban areas) has shrunk by 52.9% compared to three years ago, according to the Realtor.com® Monthly Rental Report released today. As the U.S. median rental price hit its latest all-time high in July ($1,879)a new survey from Avail (part of Realtor.com®)  found that moving to a new rental has been costlier for renters, but there may be market cooling on the horizon as landlords adjust to renter budgets impacted by inflation.

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Hotel Construction Slows for 7th Consecutive Month, But Room Planning is Up: Data

Originally published on August 14, 2022, by Michael Tucker for the Mortgage Bankers Association.

U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.

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Industrial Sector Slowing to Pre-pandemic Levels: NAIOP

Originally published on August 16, 2022, for NAIOP.

The industrial real estate market showed signs of slowing after an unprecedented expansion, according to the latest NAIOP Industrial Space Demand Forecast, released today.

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Nearly 63,000 Home Purchase Agreements Canceled in July: Redfin Data Reveals

Originally published on August 16, 2022, by Ally Braun for Redfin.

Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the highest percentage on record with the exception of March and April 2020, when the onset of the coronavirus pandemic brought the housing market to a near standstill. It’s up from a revised rate of 15% one month earlier and 12.5% one year earlier.

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FHFA to Require GSE Servicers to Keep Fair Lending Data

Originally published on August 11, 2022, by Georgia Kromrei for HousingWire.com. 

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data.

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Appraisal Foundation Extends 2020-21 USPAP Through 2023

Originally published on August 11, 2022, for the Appraisal Foundation.

On August 11, 2022, The Appraisal Foundation’s Appraisal Standards Board (ASB) announced that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) would be extended by one additional year. The 2020-2021 USPAP will now be effective until December 31, 2023.

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Foreclosure Filings Down 4% in July, but Annual Totals Show Dramatic Increase: ATTOM

Originally published on August 9, 2022, by the ATTOM Staff for ATTOM.

ATTOM, a leading curator of real estate data nationwide for land and property data, today released its July 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,358 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 4 percent from a month ago but up 143 percent from a year ago.

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Investment in CRE Up 10% Through Q2; Greater New York, Los Angeles Top Cities: CBRE  

Originally published on August 10, 2022 by Gail Kalinoski for CommercialSearch.com.

U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total and office $24 billion, according to a recent CBRE report. Trailing four-quarter volume totaled a record $881 billion.

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Member Profile: Jonathan Jones

Where do you live and who do you work for?
I live in Raleigh, NC, and work for Earley Consultants, Inc. as an independent contractor.
 
How long have you been appraising?
I have been a trainee appraiser since May of 2018.
 
Who was your supervisor as a Trainee and how did you meet them?
My supervisor is Richard D. Earley, MAI, and I met him via a job interview after applying for a job posted on Indeed.com.
 
What is the most unique property you’ve appraised?
A farm with a cabin house and several outbuildings was utilized for school purposes.
 
What is a fact about you that people would be surprised to know outside of work-life?
I play the trumpet and guitar.