Filtered by author: Lisa Dacres Clear Filter

US Hotel Recovery Continues, Data Shows

Originally published on January 20, 2022, by Haley Luther for STR Global.

The U.S. hotel sector reported an average daily rate of $124.67 per available room in 2021, which is still 4.8% lower than what was reported pre-pandemic, but an improvement over 2020, STR reported Jan. 20. In terms of occupancy, Tampa, Florida, reported the nation’s highest annual rate of 68.4% while Minneapolis had the lowest rate of 44.4%

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Report Explores USPAP, AQC Inclusiveness and Objectivity

The National Fair Housing Alliance, under contract by the Appraisal Subcommittee and the Council on Licensure, Enforcement, and Regulation, on Jan. 19 released its report on whether the Uniform Standards of Professional Appraisal Practice and Appraiser Qualifications Criteria support or promote fairness, equity, objectivity and diversity in both appraisals and the training and credentialing of appraisers. The findings and recommendations are far-reaching, and some will require legislative action.

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Southwest and Sunbelt Markets to Dominate Multifamily Housing in 2022: Forecast

Originally published on January 19, 2022, by Phil Hall for Benzinga.

In this year’s U.S. Multifamily Index – which ranks 46 major markets on a criteria mix including the local labor market, vacancies, construction and affordability – Orlando and Las Vegas placed first and second thanks to a high-level of job creation and household formation rates – which, the report predicted, will lead to higher rates of rent growth.

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Homeownership Typically More Affordable than Renting: Data

Originally published on Janaury 6, 2022 for ATTOM.

ATTOM, curator of the nation’s premier property database, today released its 2022 Rental Affordability Report, which shows that owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average local wages than renting.

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State Attorneys General Target FHA Loan Violations

Originally published on January 5, 2022, by Georgia Kromrei for HousingWire.com.

Some Federal Housing Administration-approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. Attorney General Karl Racine and 20 other state attorneys general.

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Mortgage Rates Rise Quickly During Second Week of January: Freddie MacMortgage Rates Rise Quickly During Second Week of January: Freddie Mac

Originally published on January 13, 2022, by Angela Waugaman for Freddie Mac.

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 3.45 percent.

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Mortgage Rates Rise Quickly During Second Week of January: Freddie MacMortgage Rates Rise Quickly During Second Week of January: Freddie Mac

Originally published on January 13, 2022, by Angela Waugaman for Freddie Mac.

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 3.45 percent.

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Inflation at 40-year High, Rates Could Rise: Labor Report

Originally published on January 12, 2022, by Lucia Mutikani for Reuters.com

U.S. consumer prices increased solidly in December as rental accommodation and used cars maintained their strong gains, culminating in the largest annual rise in inflation in nearly four decades, which bolstered expectations that the Federal Reserve will start raising interest rates as early as March.

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CRE Price Growth Up Last Year; 2022 Could See Double-digit Increases, Index Shows

Originally published on January 11, 2022, by Michael Tucker for Mortgage Bankers Association.

Green Street, Newport Beach, Calif., said its commercial property price index increased 24 percent in 2021 with robust price appreciation occurring in virtually every corner of the CRE market.

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Student Housing Resilient; 2022 Looks Promising: Report

Originally published on January 11, 2022, by Michael Tucker for Mortgage Bankers Association.

Yardi Matrix, Santa Barbara, Calif., reported student housing sector fundamentals remain strong as pre-leasing for the 2022 fall semester ramps up.

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Members Celebrated 2021 at the Q4 Chapter Meeting

On December 9, 55+ members & guests celebrated at the 2021 Q4 Chapter Business Meeting and Installation Ceremony held at the Foundation for the Carolinas in Charlotte. The event also drew members and guests virtually via the live stream.

This year’s event recognized the late J. Scott Robinson, MAI, SRA, AI-GRS, AI-RRS, MRICS by presenting a commemorative crystal to his wife, Kim, who was in attendance. The NC Chapter’s Installation Ceremony has been officially renamed to the J. Scott Robinson Installation Ceremony in Scott’s honor. Scott, who passed in January 2021, was a longtime, active member of the Appraisal Institute and the NC Chapter and served the organization in many capacities, including being the 2016 President of the Appraisal Institute and the 2005 President of the NC Chapter.

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Number of Missed Mortgage Payments Down, Skipped Rent Payments Up: MBA Report

Originally published on December 7, 2021, for the Mortgage Bankers Association.

Renters were three times more likely than homeowners to miss payments during September and October, according to updated research released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America.

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Retail Real Estate Continues to Recover, Led by Sunbelt and Suburban Properties: JLL

Retail real estate continues to recover, with growing interest in the Sunbelt states and the suburbs; urban retail is expected to rebound once office workers return and tourism picks up, JLL reported Dec. 6 in its Retail Recovery report. Open-air shopping centers remain the sector’s strongest assets, and as for indoor malls — the good ones are here to stay.

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Welcome All 2021 New Members

We’d like to welcome our new members who joined the Chapter in 2021! The newest members who joined in Q42021 are Claudia Ray, Joel Phillips, and Christian Varela.

  • Alan Merritt Wilson
  • Alexis Nelson
  • Allen Peyson Hunt, III
  • Andrew Cypcar
  • Ashley Cate Cooper, MAI
  • Bradley P. Dunn
  • Caitlin Timmons McCain
  • Candy Getz
  • Christian Varela
  • Cindy M. Pickup, MAI, AI-GRS
  • Claudia  Jane  Ray
  • Cynthia Megan Gregory
  • David  Asuka  LaVigne
  • Gregory Lynn Smith
  • Jackson Tate
  • James Stotler
  • Jay S. Navarro, MAI
  • Jessica H. Williams
  • Jessica P. Rouse
  • Joel Phillips, SRA, AI-RRS
  • Julie M F Lemonds
  • Kristina Van Buskirk
  • Kyle Leon Bynes
  • Lori Mitchell
  • Michael Sollitto
  • Parker Deans Howard
  • R. Ryan Shively, MAI, SRA
  • Richard T Bryson
  • Sueann Nelson
  • Thomas C Alligood
  • Tyler Joseph Skaggs

Meet the Member: Greyson Morgan



  • Where do you live and who do you work for?
    I currently live in Greenville, NC and I work for Colliers International as a Senior Valuation Specialist.
  • How long have you been appraising?
    Since November of 2012
  • Who was your supervisor as a Trainee and how did you meet them?
    Bruce Sauter of F. Bruce Sauter & Associates, Inc. in Greenville.  We met while playing golf together at Ironwood Country Club.
  • What is the most unique property you’ve appraised?
    The Jarrett Bay Boatworks Industrial Park in Beaufort, NC.
  • What is a fact about you, outside of work-life, that people would be surprised to know?
    I am an Eagle Scout.

One Quarter of Homes Constructed Last Year Were in Established Neighborhoods: NAHB

Originally published on December 9, 2021, by the National Association of Home Builders.

According to the latest Annual Builder Practices Survey (ABPS), one in four new single-family detached homes were built in established neighborhoods in 2020. Homes built on infill lots constituted 18.6% of new homes, while homes built after tearing down an existing building constituted 6.4% of new homes.

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White House Mulls Restrictions on All-cash Property Sales

Originally published on December 6, 2021by Justin Sink for Bloomberg.com.

The U.S. Treasury Department will begin developing regulations that could expand reporting requirements for all-cash real estate purchases as part of the Biden administration’s efforts to cut down on global corruption, according to two senior administration officials.

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Cap Rates for Medical Sector Squeezed, Overall Net Lease Down: The Boulder Group

Originally published Q3 2021 by the Boulder Group.

Cap rates for the single-tenant, net lease medical sector compressed 55 basis points during the third quarter to 5.95% when compared to the same point a year ago, The Boulder Group reported Dec. 2 in its Q3 Net Lease Medical Report. The overall net lease market, comprised of retail, office and industrial, was down 23 basis points year-to-year.

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Many CRE Firms Among Businesses Rethinking, Repurposing Office Space, Survey Reveals

Originally published on November 30, 2021, by Patrick Sisson for Bisnow National.

A majority of commercial real estate employees expect to be working “completely or partially virtually going forward,” according to a new survey and report released by Deloitte. 

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Industrial Sector Faces Intense Pressure for Space: Report

Originally published by Patricia Kirk on December 1, 2021 for WealthManagement.com.

Through most of the pandemic, the U.S. industrial sector has been performing so well that both rents and prices have been nearing records. But a recent report from the logistics giant Prologis highlights just how intense the competition for space has become, noting that the logistics space in the U.S. is “effectively sold out.”

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