Originally published by Anneken Tappe on September 22, 2021 for CNN Business.

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Over the summer, members in the Metrolina area gave back to their local community by volunteering with the Crisis Assistance Ministry to help sort clothes and donated household items for families in need. In addition, members in the Asheville area connected for happy hour at Blue Ghost Brewery! And in September, 30+ members gathered virtually and heard committee updates about the Chapter’s summer activities, learned what’s ahead, and celebrated our newly designated members, Ashley Cate Cooper, MAI, and Stephen M. Worthy, SRA, AI-GRS, AI-RRS. Ashley earned the MAI designation and Stephen earned the SRA and AI-RRS designations. Congratulations to them both!

Save the date: Q4 Chapter Business Meeting & Installation Ceremony is on December 9 at the Foundation for the Carolinas in Charlotte, NC. More details coming soon. 

This past July, Chapter members Mike Moody, MAI, Mike Elwell, MAI, SRA, R/W-AC, John C. Palmer, MAI, CCIM, and Greyson S. Morgan, MAI had a very successful visit to the state capitol where they met with Representative Jon Hardister, House Majority Whip; Representative John Bell, House Majority Leader; Representative Terry Brown; and Representative Brian Turner to discuss current and upcoming legislation topics that impact the North Carolina appraisal industry.

Thank you to all those who attended the 2021 REVC and to our event sponsors and speakers. On September 2, attendees heard insights into market trends, challenges, highlights and developments in the commercial, retail, residential, office, industrial, healthcare, finance, and hospitality sectors. This year’s attendees raved about the conference and are already looking forward to next year!

A special Thank You to our conference sponsors for helping make this year’s event a success!

Originally published on September 22, 2021 by Shira Petrack for Placer

Our latest whitepaper analyzes the tourism and travel recovery following a year and a half of extraordinary challenges. We dove into foot traffic data for cities, states, hotels, airports, and tourist attractions across the countries to understand how the pandemic impacted – and continues to impact – these critical industries. 

Originally published on September 29, 2021, by the Appraisal Institute.

The Appraisal Institute Board of Directors on Sept. 27 sent to 45-Day Notice of proposed amendments to Bylaws and Regulation No. 8, Standards of Valuation Practice, and three exposure drafts.  

Originally published on September 23, 2021, by Angela Waugaman for Freddie Mac.

MCLEAN, Va., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.88 percent.

We’d like to welcome our newest members who joined in Fall 2021!

• Ashley Cooper, MAI
• Kristina Van Buskirk
• Bradley Dunn
• Sueann Nelson
• Parker Howard
• Gregory Smith
• Julie Lemonds
• Tyler Skaggs

Originally published on September 15, 2021, by Michael Tucker for Mortgage Bankers Association.

Commercial property prices just keep increasing, according to reports from CoStar, Washington, D.C. and Green Street, Newport Beach, Calif.

Originally published on September 14, 2021, by Michael Tucker for Mortgage Bankers Association.

The hotel sector continues to bounce back from a devastating 2020, according to new reports from STR and JLL Hotels.

Originally published by Jacob Albers and David Bitner for Cushman & Wakefield.

Originally published on September 13, 2021, by Huo Jingnan, Rebecca Hersher, Tegan Wendland, Steve Newborn and Daniel Rivero for NPR.

The first thing Larry McCanney fell in love with was the tree in the front yard. It cast shade on the porch of a house that, if he were honest, needed some work. But McCanney is handy, the price was right and the location was perfect, just a couple of miles from his childhood home in Burlington, N.J.

Originally published on September 23, 2021, by Joe Hernandez for NPR.

Home appraisers are more likely to undervalue homes in Black and Latino areas than those in white ones, a new report by Freddie Mac has found.

Originally published on August 31, 2021, on MBA Newslink.

Fitch Ratings, Chicago, said the U.S. commercial real estate market will likely see deteriorating credit metrics once stimulus measures wind down and forbearance programs expire, with smaller CRE-concentrated banks more susceptible to elevated losses, which are expected to peak below levels seen in the past.

Originally published on September 1, 2021, by Adam Russell for FFHA. 

Washington, D.C. – Today, through the First Look Program, the Federal Housing Finance Agency (FHFA) extended from 20 to 30 days, the period during which owner-occupants, public entities, and nonprofits will have exclusive ability to buy Fannie Mae and Freddie Mac (the Enterprises) real estate owned (REO) properties before they are available for investor purchase. Launched in 2009, the First Look Program promotes owner occupancy and neighborhood stabilization. Providing individuals, families, and nonprofits with a longer amount of time to find adequate financing should help keep owner-occupants living in these homes.

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Cap rates in the net lease quick-service sector reached a historic low of 5.26% during the second quarter, down 39 basis points from last year, according to the Q2 2021 Net Lease QSR Market Report released Sept. 1 by The Boulder Group. Cap rates for corporate-leased QSR properties dropped 20 basis points to 5%, while properties leased to franchisees dropped 43 basis points to 5.4%.

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Originally published on September 1, 2021, by the White House. 

Since President Biden took office, the economy has created more than 4 million jobs, with an average of more than 830,000 new jobs over the last three months. In the first half of the year, the economy grew at the fastest rate seen in nearly 40 years.

September Events Coming Up!

Next Week!
Commercial Real Estate Discussion with Robin Boylan
September 15 | 6:00pm | Asheville, NC  

Originally published on August 23, 2021 by Quintin Simmons for the National Association of Realtors.

WASHINGTON (August 23, 2021) – Existing-home sales rose in July, marking two consecutive months of increases, according to the National Association of Realtors®. Three of the four major U.S. regions recorded modest month-over-month gains, and the fourth remained level. Figures varied from a year-over-year perspective as two regions saw gains, one witnessed a decline and one was unchanged.

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