News By Edition

Recently, Valuation Review traveled to Orlando, Fla. for the 2021 Appraisal Institute (AI) Annual Conference “Rising to the Challenge.”

We caught up with Rodman Schley for our traditional sit-down conversation with the AI president.

Read on to find out what Schley told us.

Valuation Review spoke with Clear Capital Chief Appraiser John Brenan, a true veteran of the industry, for his thoughts on how appraisers came through the difficult times of 2020.

Brenan also stressed that many technological changes have proven to be “game-changers” for appraisers.

Read on for more of our conversation.

Valuation Review recently reported the appointment of Tony Lenamon as the Americas head of valuation advisory for the commercial real estate firm JLL.

Lenamon discussed his new role and some other matters relevant to the valuation industry.  

Red on for more of our conversation.            

Valuation Review shares this month’s topic from Dustin Harris, “The Appraiser Coach,” dealing with what appraisers can do to be “that guy” everyone wants to seek out, from an appraisal standpoint.

Sometimes, sacrifices need to be made for long-term success.

Read on for more of Harris' thoughts.

LRES Corp., a diversified REO/asset management and valuations company, recently signed a definitive agreement to acquire Keystone Asset Management, Inc., a Pennsylvania corporation, LRES announced in a press release.

The deal was expected to be completed September 1, 2021.

Read on for more details about this acquisition.

The Appraisal Institute (AI) Board of Directors adopted a strategic plan at its Aug. 12-13 meeting in Orlando, Fla. The board’s planning process included input from AI professionals who responded to surveys regarding membership needs.

The Appraisal Subcommittee (ASC), the independent federal agency providing oversight for the real estate appraiser and appraisal management company regulatory system, has released its 2020 Annual Report. ASC Executive Director James Park shared his thoughts.

Sandra Adomatis, of Punta Gorda, Fla., was elected 2022 vice president of the Appraisal Institute (AI). The announcement was made by AI’s Board of Directors during its meeting in Orlando.

The Appraiser Qualifications Board (AQB) recently adopted a new edition of the Real Property Appraiser Qualification Criteria. The Criteria set qualification standards for real property appraisers in the United States and provide continuing education guidelines for current appraisers to maintain their appraisal license.

The 2021 real GDP growth forecast was revised modestly downward, according to recent commentary by Fannie Mae. This is due in part to the expectation COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecasted.

Memphis, Miami and Atlanta lead a host of metros where rents are higher than typical mortgage payments, according to Zillow.

The Zillow Rental tools make it easier than ever to assess the possibility and opportunities of becoming a landlord.

Read on to learn more from the report.

Valcre, an appraisal platform for the commercial real estate industry, recently shared findings from its “The U.S. Office Market Recovery (2021)” survey.

Valcre co-founder and CEO Lucas Rotter also spoke about the comments from the survey respondents.

Read on to find out more.

With the median existing-home price up a record 23.6 percent compared to last year, the personal-finance website WalletHub released its report “2021’s Best Real-Estate Markets.” To determine the most attractive real estate markets in the U.S., WalletHub compared 300 cities across 18 key metrics.

In July, 60.1 percent of home offers written by Redfin agents faced competition, down from a revised rate of 66.5 percent in June and a pandemic peak of 74.1 percent in April. This is according to a recent Redfin report.

Mortgage-industry association REOMAC recently announced it has rebranded with the new name National Association of Default Professionals to more accurately reflect the organization’s charter and better identify with the professionals and companies that comprise the association’s membership.  The new branding was unveiled at the association’s annual summit in Denver, Colo. in July by association President Mark Paniccia.

Voxtur Analytics Corp. recently announced that its wholly owned U.S. subsidiary, Voxtur Analytics US Corp., has agreed to acquire all the issued and outstanding membership interests of Xome Services LLC and Xome Valuation Services LLC.

Xome Valuations is a provider of valuation management products and services to clients in the residential real estate sector.

Read on to learn more.