News By Edition

Valuation Review recently attended a panel discussion hosted by the ASA, along with the other leading real estate valuation professional organizations.

One of the presenters for “The State of the Profession: A Discussion with The Appraisal Foundation (TAF) and Appraisal Subcommittee” was David Bunton, president of TAF, who shared his thoughts on many topics from the program, in addition to what lies ahead for the profession in 2023.

Read on for more of our conversation with Bunton.

Valuation Review sat down with Reggora co-founder and Chief Technology Officer Will Denslow, who discussed his company’s point-of-sale system.

Lenders and borrowers, as well as appraisers can find some comfort in this technology, he said.

Read on to find out more of what Denslow told us.

Despite pricing uncertainties limiting capital markets activity, interest in senior housing remains optimistic as investors seek higher yields from alternative asset classes.

This is according to JLL’s Valuation Advisory group’s sixth annual Seniors Housing Investor Survey and Outlook.

Read on to learn more.

Valuation Review caught up with Valcre co-founder and CEO Lucas Rotter who talked about what he sees happening in the commercial space in 2023.

Rotter said appraisers are going to have to carefully analyze a few things looking ahead.

Read on for the full conversation with Rotter.

Donating cryptocurrency and getting a charitable contribution deduction has just gotten more complicated and costly as a result of a new IRS pronouncement, according to an article in Forbes. If a taxpayer donates cryptocurrency for which a charitable contribution deduction of more than $5,000 is claimed, a qualified appraisal is required to qualify for a deduction.

The Appraiser Qualifications Board recently released a First Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria. If adopted, these changes would make fair housing education courses a required component of an appraiser’s qualifying and continuing education.

Integra Realty Resources recently announced a key promotion in its San Francisco office. The move was made regarding an individual who brings many years of commercial real estate experience to the position.

CubiCasa recently announced New Mexico MLS joined its MLS Partnership Program launched in December 2022. New Mexico MLS is one of the top MLS in the state.

In the Florida Senate, House Bill 213, the Limitation of Actions Involving Real Estate Appraisers and Appraisal Management Companies, looks to specify limitations periods.

This would apply to certain actions involving real estate appraisers and appraisal management companies.

Read on for more details surrounding this proposed legislation.

The total market dollar value of small-cap CRE rose marginally in 2022 headlined by a shift in opportunity and risk for investors and lenders, according to Boxwood Means’ Randy Fuchs.

The company co-founder and CEO shared with Valuation Review specific thoughts on this from his recent article.

Read on to learn more.

S&P Dow Jones Indices (S&P DJI) released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices.

Data released for November 2022 show home price gains declined across the United States.

Read on for more numbers from this report.

Black Knight, Inc. will be integrated with loanDepot’s next generation of lending services as the company migrates some of its backend operations to Black Knight’s scalable and secure cloud-based Empower loan origination system.

AppraisalWorks, a property valuation and appraisal management technology provider, recently announced that its AppraisalWorks platform now integrates with ClickFORMS, an appraisal software application developed by Bradford Technologies. The partnership enables appraisers to leverage ClickFORMS to create appraisal reports through the AppraisalWorks appraisal management platform.

The housing market has begun to recover after hitting a low point in the second week of November, according to a new report from Redfin.

The number of Redfin customers requesting first tours improved 17 percentage points from the November trough, and the number of people contacting Redfin agents to start the homebuying process improved 13 points.

Read on to learn more from the report.

JLL’s Valuation Advisory group recently expanded its industrial property sector team with two key hires.

The new executives will be based in California and the Mid-Atlantic.

Read on to learn the identities of these individuals.

Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders.

Meanwhile, the remodeling sector remains on solid ground and will do better than the single-family and multifamily markets in 2023.

Read on to learn more.

Valcre recently announced its continued expansion across New Jersey. The commercial real estate valuation software firm welcomed new client partners Otteau Group, Inc. and Pyramid Real Estate Advisors to sign onto the platform.

Snapdocs, a mortgage industry digital closing platform, recently announced the completion of its integration with Mortgage Cadence, an Accenture company. The integration enables lenders nationwide to use Snapdocs within Mortgage Cadence’s loan origination system.

On Nov. 8, 2022, the Dallas Central Appraisal District (DCAD) was the subject of a cyber-attack disrupting all computer operations. In a Jan. 19 release from the district’s web page, the DCAD announced the re-publication of the original website.

With 17 state capitals being the most populated cities in their states, the personal-finance website WalletHub recently released its report on “2023’s Best State Capitals for Safety & More.” To identify the most livable seats of state government, WalletHub compared all 50 state capitals across 49 key metrics.

Fannie Mae’s Economic and Strategic Research Group forecast a modest recession in the first half of 2023. It also said the Federal Reserve likely is near its eventual terminal rate, though noted there was a risk for “tighter-for-longer” monetary policy should a recession be delayed or avoided altogether, or alternatively, if inflation measures do not continue to cool.