Category: Appraisal & Consulting
2022 Halfway to…somewhere - by Brett Pelletier
June 10, 2022
We’re halfway through 2022 and I’m not sure most people have even noticed. After what has been the longest staycation of our lives, time now seems to be moving at warp speed. Now that I’ve reflected on what has felt like a nearly unending experiment
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.
Why take on a trainee? - by Jennifer O'Neill
May 13, 2022
I recently sponsored a young woman who wanted to be an appraiser trainee. She found me, she knew she wanted to be an appraiser, she had already taken all her classes, and she needed a mentor.
I-Buying Real Estate: Not disruptive, yet. - by Daniel Calano
May 13, 2022
Recently, I have had an “opportunity” to invest a small amount of money in real estate “disruptive technology.” Specifically, it was a startup in residential “I-Buying,” the nickname for instant buying.
Less is more, as in balance sheets. - by David Kirk
May 13, 2022
The FOMC announces a 0.5% increase on rates to 0.75%-1% for a soft landing. More job offerings than job seekers and wage gains should persist. Lending should increase the rate in borrowings, easing expansion, fueling inflationary pressures
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
President’s message: The PAVE Action Report - by Brad Hevenor
April 8, 2022
In March, the Department of Housing and Urban Development delivered the long-anticipated Action Plan from the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to President Joe Biden. The PAVE Action Report targets dismantling racial discrimination and bias in mortgage
Residential appraising – Big changes looming - by Reynold Archambault
April 8, 2022
It’s been a crazy couple of years since the pandemic outbreak. First everything shut down and immediate thoughts, beyond health and humanity, turned to how appraiser’s were going to do their jobs. We worked through it. Temporary policies were enacted circumventing interior inspections
Confused, complex world? Time to parse the pieces - by Daniel Calano
April 8, 2022
At the moment, there are so many relevant unknowns regarding the world and its economies, it boggles the mind. The only part that has just been fixed is a playbook for interest rate hikes. Among the many remaining unknowns are supply chain issues, inflation, Covid variants, energy imbalances, geopolitical issues
Wake up and live. Fix it. Clean. - by David Kirk
April 8, 2022
Infrastructure is the only way to provide a safe and strong and connected built environment to serve all of our constituencies. For the comfort and well-being of our communities, we must focus on the changing environment and the new behaviors and demographics as they evolve, and we observe them.
President’s message: Springtime is a season for growth and renewal - by Brad Hevenor
March 11, 2022
With the dark days of winter now behind us, springtime is a season for growth and renewal. While the Massachusetts, Rhode Island, and Maine Chapter of the Appraisal Institute has its sights optimistically set on the year ahead, we retain an appreciation of the challenges
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.
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