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Story results for: Pastuszek
Why doesn’t it feel right? What is going on out there? Read the tea leaves - by Bill Pastuszek
July 29, 2022
Beige Book, June 2022. Economic activity in the First District increased slightly amid robust wage and price growth. Labor scarcity remained a widespread problem as headcounts increased only slightly. Restaurant profits fell on steep input price increases. The outlook for summer tourism was bright,
Summer musings, possible misgivings - by Bill Pastuszek
July 8, 2022
>Coming out of a nicely timed and sorely needed July 4th holiday, we move right into the heat of the summer. I looked at a July 4th article from 2017 and thought it might be fun to do some “that was then, and
Sense of the Data - by Bill Pastuszek
June 10, 2022
I know this could be construed as broad generalization, but it’s up here for discussion. Many economic behaviors result from decisions based on
Facing up to uncertainty - by Bill Pastuszek
May 27, 2022
COVID forced us to adjust, at horrible cost of over a million American lives and countless others across the globe, and, it’s not over. From the negatives, there are positives. The way we work and live evolved. We adjusted, in some case, creating new paths
Should commercial real estate fear rising interest rates? - by Bill Pastuszek
May 13, 2022
Maybe housing is in a bubble. Some think so. The Dallas Fed was blunt in its assessment: “U.S. house prices are again becoming unhinged from fundamentals.” But their researchers don’t think it would be a repeat of the Great Recession/Housing Crash of 2008.
Residential appraisal forms - by Bill Pastuszek
April 8, 2022
Fannie Mae and Freddie Mac have been working on the redesign of the Uniform Residential Appraisal Report (URAR) for several years. The GSEs, through their Uniform Appraisal Dataset (UAD) and Forms Redesign Initiative working group, have worked closely with stakeholders and allowed their input
The changing environment: inflation, rates, geo-politics - by Bill Pastuszek
March 11, 2022
The year 2022 has greeted us with plenty of uncertainty. At the end of the first quarter, most projections are now subject to review and possible resetting.
Appraisal - Northern New England industrial market - by Bill Pastuszek
March 4, 2022
As we all pretty well know, industrial markets – by that, including warehousing, logistics, etc. – have been the darling property sector during COVID-19. CBRE’s 2020 Market Overview noted that “the U.S. industrial market will see some dramatic shifts in 2020. Absorption gains will be difficult to achieve and some overhand
Appraisers in the news - by Bill Pastuszek
February 11, 2022
Appraisers like to do their job quietly, flying somewhat, under the radar. For the most part, they keep their heads down and stay focused on the task assigned. They do their important work quietly and generally without much fanfare.
The past year, reviewed. The next year, forecasted - by Bill Pastuszek
January 14, 2022
For most real estate professionals and for nearly all appraisers, 2021 was a hard-working year. With respect to economic behavior as it relates to real estate and valuation, the COVID era continues to challenge and surprise.
2021 Year in Review: Bill Pastuszek, MAI, Owner, Shepherd Associates LLC
December 31, 2021
What was the biggest lesson you learned while working during the pandemic? There are really two, and they are related. One is that people respond to seemingly insurmountable challenges extraordinarily well, if allowed to think things through. The second is that markets adapt to change in surprising and unforeseeable ways.
Update on appraiser specialization - by Bill Pastuszek
December 10, 2021
I was looking through previous articles and came across something I wrote 4+ years ago that seems as appropriate now – if not more so – than then. Following is an update on the issue of appraiser specialization, competency, and meeting the current extraordinary demand for appraisal services.
Challenges in market analysis - by Bill Pastuszek
November 12, 2021
In these times of active markets, and seemingly unprecedented demand for appraisal services, analysts are challenged to provide cogent, relevant, and accurate market analyses as part of valuation assignments. The evolution of the appraisal process,
Housing market observations - by Bill Pastuszek
October 29, 2021
It’s possible to generalize that all real estate markets are suffering from a severe demand/supply imbalance. This imbalance has served to drive buyer behavior and prices. It may take years to produce enough product to iron out this imbalance. In the short term, upward
Appraisers are a popular topic in Congress - by Allan Cohen
October 8, 2021
Appraisers and real estate appraisers are a popular topic in Congress. I heard this and wondered why. It turns out that our work has deeper layers of oversight that are raising questions. United States House Committee on Financial Services, also referred to as the House Banking Committee, is watching appraisers and reading appraisal reports.
The appraiser profession - by Bill Pastuszek
October 8, 2021
Valuation is a most interesting profession. Those who practice valuation find appraisal - the process consisting of “part art, part science” - a wonderful challenge in the study of human economic and social behavior.
Market analysis is a critical part of the appraisal development process - by Bill Pastuszek
September 10, 2021
Together with highest and best use, market analysis is a critical part of the appraisal development process. The Dictionary of Real Estate Appraisal defines market analysis as: “The study of the supply and demand in a specific area for a specific type of property.”
Industrial markets: Northern New England markets have benefited from spillover effect - by Bill Past...
September 3, 2021
New England opened up in the spring, and, now in early September, everything is open but we are worried again. We were told it wouldn’t be over as soon as we thought it would be and that seems to be holding true. A couple steps
Three approaches to appraisal theory - by Bill Pastuszek
August 13, 2021
Three Approaches. Appraisal Theory gives real estate appraisers and users of appraiser services three approaches with which to arrive at value opinions. Let’s review the approaches.
Markets are rebounding: We all seem to now believe the worst is behind us - by Bill Pastuszek
July 9, 2021
Markets are rebounding: We all seem to now believe the worst is behind us in terms of COVID-19 and the possibly recently concluded Great Pandemic. This is now the Grand Reopening phase. Things seem to be getting back to normal.