Cycling up after such an extended expansion is unprecedented. Like all cyclical patterns, this one will be a puzzler while unfolding. Tax reform has been boasted as a big booster, boosting GDP from 2-3% to 4.5 and 6%.
Things change in residential real estate. For the longest time, it was location, location, location. Then it morphed into a few variants, with a strong nod towards more modern design, more “green” houses, more family oriented open space
Looking in the rear-view mirror: what were the noteworthy trends in 2017? Looking ahead: what will 2018 bring to Boston markets?
The number of real estate appraisers has substantially declined over the past five years. This trend has led to more expensive fees, longer delivery times, and, in some instances, less credible results as appraisers cover larger areas and different types of properties.
Brad Hevenor is a commercial appraiser at Markus Appraisal, South Kingstown, R.I.
Recently, the Massachusetts Board of Real Estate Appraisers (MBREA) conducted a survey of its members. 67% of the responders were born between 1939 and 1962 (currently aged from 55 to 78). 52% will retire within 10 years, and many will continue to work until they drop.
Adnan Salam has been awarded the Appraisal Institute’s SRA membership designation, which is held by appraisers who are experienced in the valuation and evaluation of residential properties. The designation was granted in September and Salam was honored during a meeting of the Massachusetts and Rhode Island Chapter of the Appraisal Institute.
Brian White, MAI, SRA, operates White Appraisal, Dover, N.H.
Bill Pastuszek, MAI, ASA, MRA, heads Shepherd Associates, Newton, Mass.
Marcus Johnson, MAI, MRA, is the 2017 president of MBREA, and vice president, The Appraisers Group, Belmont, Mass.