MBREA members have access to Member Forum, a must-read Q & A website for appraisers. Almost daily, appraisers ask their peers for advice on difficult assignments, odd situations, unique instructions from lenders, and how to deal with AMC staff and the Board of Registration crew.
Without a doubt, 2020 has already become one of the most challenging periods for appraising real estate in modern history. After the longest sustained economic recovery since World War II, the global economy is currently faced with the greatest health care crisis in modern history.
The Massachusetts and Rhode Island Chapter of the Appraisal Institute is hoping all of our friends and customers are staying safe during the Covid-19 Pandemic.
“May you live in interesting times,” is an English translation of an old Chinese proverb which is as much a blessing as a curse. In the three short months since the first reported outbreak of the coronavirus (COVID-19), the World Health Organization (WHO) declared a pandemic.
Brett Pelletier is chief operating officer with Kirk&Company, Real Estate Counselors, Boston, Mass.
We are all getting a little tired and anxious, in hearing about corona virus. The news is full of uncertainty, which continues to drive down American confidence, stock value, and yes, even real estate values.
In surveying the Boston Industrial market, I came across the following. CBRE’s 2020 Market Overview notes that “the U.S. Industrial market will see some dramatic shifts in 2020. Absorption gains will be difficult to achieve” where in some markets there are extremely low vacancy rates and limited space options.
In the Seacoast area of New Hampshire, similar to many other markets in New England, the prices of single residential lots have dramatically increased over the past several years along with the prices of single family homes. After examining the asking and
Articles about hybrid appraisals are increasingly being written as these types of appraisals become increasingly popular with clients. Some appraisers are embracing them as the future of the appraisal industry while others are refusing to take these types of assignments.
The spring market has arrived. We are hearing from many real estate professionals that there is a lack of inventory for their buyers. In many areas there are lines of people waiting to look at every house with multiple offers over asking. Pent up demand coupled with record low interest rates