Category: Spotlight Content

Ever since AVMs first appeared on the valuation landscape some 30 years ago, appraisers have lamented that computer-generated values would replace them. Yet for the last 30 years, appraisal volumes have largely risen and the worry that AVMs would take appraisal work away from appraisers seemed misplaced – until now. 

>The 2020 New England Appraisers Expo’s Commercial Program held on December 10th featured representatives from the Massachusetts Convention Center Authority, the soon-to-open Omni Boston Hotel at the Seaport, COJE Management Group Corp. restaurant organization, and Newmark Boston’s restaurant leasing platform.

The pandemic has led to a variety of unforeseen trends in consumer behavior, such as a spike in demand for random items like pressure treated wood and real Christmas trees. Reading through the October 2020 Housing Market Report published by New Hampshire Housing Finance Authority (NHHFA)

Vaccines are expected to be delivered in Massachusetts shortly before the holiday season. Centers for Disease Control and Prevention (CDC) has prioritized healthcare workers and nursing home residents for initial vaccination, the most essential and the most vulnerable.

The total US national debt has just risen to almost $27 trillion, up from $23 million trillion just six months ago, and $11 trillion a few years ago. The annual budget deficit is projected to reach $3.3 trillion in 2020, largely brought on by government spending on the pandemic.

As professional real estate appraisers, we proudly point to the accomplishments that the profession has made over the past half century. We look to the ongoing development of  high performance standards for our various practice areas, in part through the continued evolution of USPAP. We continue to enhance appraisal education for practicitioners and those seeking to enter the field.