Appraisal & Consulting

Office space demand slowing: Loan defaults ahead? - by Daniel Calano

Everyone, including myself, has opined about when and whether workers would return to the office. In the end, despite some aggressive pressure from employers, a hybrid work style has evolved, typically with employees working from home for two or three days/week, and in the office

Liquidity and default and workouts - by David Kirk

The capital markets turbulence persists and lending in the commercial property market is still sluggish. The rates are sticky. All of these conditions relate to Fed rate increases. And uncertainties related Fed action. The high employment, wage gains, job growth, and consumer spending are supporting

The year ahead: What’s 2023 going to look like? - by William Pastuszek

For most real estate professionals, including lenders and appraisers, 2022 was a transitional year. For the most part, gone is the “blue skies forever” thought processes. Instead, endless optimism is being replaced with a good deal more balance and perspective.

CT Chapter of the Appraisal Institute update for 2023 - by Jacqueline Beauchaine

On December 8, 2022 the 2023 Connecticut Chapter slate of officers and directors were installed by chapter past president Linda Sepso, SRA at Casa Mia at the Hawthorne. Chapter Officers and Board of Directors are as follows: 

Future office use: Cacancy vs. availability - by Daniel Calano

Just last summer, with COVID mostly under control, the big discussion from every venue was whether employees would return to the office, or not. The debate was intense, as some companies tried to insist upon having employees back in their office seats. Other companies were allowing work from home on Fridays and Mondays.

Hindsight for 2023 - Starting over - by David Kirk

Hindsight is good for following patterns forward! Dust off the rates. Open the gates. Let’s get going. Get the shovels and the paint and pave the drives with care. We are shovel ready and not too soon for a new coat. We deal with certainties and build for the future, hedging the known uncertainties, and taking risks.

A year in housing to remember, reviewed - by William Pastuszek

The year past in housing has been tumultuous and thought-provoking. In fact, the last few have not exactly been steady as it goes. And contrasting now with last December is attention-getting, showing some interesting and fundamental changes. 2021 seems a long time ago now, doesn’t it, a different time?

A year-end lookback and look-forward at real estate and equity markets - by Marc Nadeau

What a whirlwind 2022 has been for both real estate and equity markets. On the side of residential real estate, we have seen not only the highest prices paid for homes, but perhaps the highest rate of price appreciation seen in decades. (at least for the first few months of the year).

Housing crisis: Not entirely, and not without solution - by Daniel Calano

Headlines abound regarding rising mortgage rates and the housing crisis: “Fed pursues house demand destruction by increasing mortgage rates”; NPR headlines “massive housing shortage;” “Housing crisis and homelessness

Determining the highest and best use - by David Kirk

The dramatic changes in a vibrant labor force are impacting just as dramatically the built environment. For any development, investment or speculation, determining the highest and best use (H&B) is first and the ongoing analysis. The appraisal process describes a 3 or 4 step process.