Filtered by author: Lisa Dacres Clear Filter

3D-printed Homes Appeal to Two-thirds of Consumers: Report

Originally published on August 20, 2021, by Nicole Murphy for Realtor.com.

Three Quarters of Millennials Would Consider a 3D Printed Home, According to Realtor.com® Survey

Major selling points include affordability, energy efficiency and resistance to natural disasters

SANTA CLARA, Calif.Aug. 20, 2021 /PRNewswire/ -- 3D printed home technology has hit the mainstream, with builders claiming these homes can be built in half the time and for half the cost. But will people actually buy them? A new survey from Realtor.com® found that 66% of all consumers and 75% of millennials would consider living in a 3D printed home. The survey also found that 30% of all respondents and 43% of millennials think that 3D printed homes will replace traditional methods of homebuilding.

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Growing Sales, New Stores to Boost Retail Loans: Outlook

Originally published on August 24, 2021, by Michael Tucker for Mortgage Bankers Association.

Moody’s Investors Service, New York, said rebounding retail sales and new store openings should boost retail property loan performance.

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People Moving to Areas with High Disaster Risk: Redfin

Originally published on August 25, 2021, by Angela Cherry for Redfin.

More People Are Moving In Than Out of Areas Facing High Risk From Climate Change

Redfin analysis finds that the U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020

SEATTLE, Aug. 25, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — America's disaster-prone areas are becoming more populous as new residents move in, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The U.S. counties with the largest share of homes facing high heat, drought, fire, flood and storm risk saw their populations grow from 2016-2020 due to migration, while the counties with the smallest share of homes facing climate risk largely saw their populations decline.

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2021 Real Estate Valuation Conference is next Thursday!

Register now for next week’s Real Estate Valuation Conference! Industry experts from CBRE, NewRez, Flagship Healthcare Properties, and Lee & Associates will discuss the appraisal industry’s current market trends and critical focus areas in real estate valuation. View the full list of speakers and their session descriptions here

The conference has been approved by the
NC Appraisal Board for 7 credit hours

Registration will close at 5pm ET on 9/1.

Register Now

Meet the Member: Vanessa Hall

  • Where do you live and who do you work for?
    Charlotte, NC  - Colliers International
  • How long have you been appraising?
    22 years in July
  • Who was your supervisor as a Trainee and how did you meet them?
    I began as a trainee (in 1999 it wasn’t required in Illinois to formally identify as a trainee) with John O’Dwyer of JSO Valuation Group. I applied through a recommendation/suggestion from my Uncle, Don Hall. 
  • What is the most unique property you’ve appraised?
    Edenmoor, a partially developed residential subdivision that included recreational ballfields, park facilities, a landfill, a building for the local EMS, and a commercial site.  The property was also developed using municipal bonds.
  • What is a fact about you, outside of work-life, that people would be surprised to know?
    That I taught dance fitness and as recently as June 2020 owned my own dance fitness company.
  • What is the biggest benefit you’ve seen from your involvement in the NCAI?
    Social and work connections.  I’ve made friends in the Chapter and have met appraisers from across the state which is helpful when I have an assignment in different markets for many reasons including the need for area data and an understanding of that market.  

Home Prices Climb in Nearly all Metro Areas During Q2: NAR

Originally published on August 12, 2021, by Quintin Simmons for Mortgage Association of Realtors.

WASHINGTON (August 12, 2021) – Continued low levels of housing inventory, combined with record-low mortgage rates spurring housing demand, have caused an increase in median sales prices for existing single-family homes in all but one of 183 measured markets during the second quarter of 2021. That is according to the National Association of Realtors®' latest quarterly report, which reveals that 94% of 183 metro areas also experienced double-digit price increases (89% in the first quarter of 2021).

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Back-to-office Delays Should Not Adversely Affect Office REITs, Fitch Ratings Forecasts

Originally published on August 17, 2021, by Michael Tucker for Mortgage Bankers Association.

Fitch Ratings, New York, said long-term office leasing plans will not likely be affected even if U.S. corporations continue to delay their return-to-office plans.

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CRE Construction, Completions Decline: Moody’s Analytics

Originally published on August 10, 2021 by Michael Tucker for Mortgage Banker's Association.

Moody’s Analytics REIS, New York, reported commercial real estate completions fell in the second quarter from an already record low first quarter.

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REVC Pricing Increases Next Thursday (8/19) | Register Now

Register now for this year’s virtual REVC which features industry leaders who will highlight market trends and valuation issues in a variety of sectors including commercial, retail, residential, office, industrial, healthcare, finance, hospitality, and more! 

You won't want to miss hearing from speakers Arpit Shah, CBRE; Adam Johnston, Genworth Financial; Gerald Quattlebaum, Flagship Healthcare Properties; and Christina Coffey, Lee & Associates who will be discussing the hospitality, finance, healthcare, and retail sectors. View the full list of speakers and their session descriptions (including AM sessions) here.

NC Appraisal Board Approved for 7 Hours

Register Now

In Memoriam: Norman William Burgess II

With great sadness, we report the passing of Norman William Burgess II, husband of NCAI Past President & member Susan M. King, MAI, SRA.

The family will receive friends for a "Celebration of Life at the House that Norm Built" on Saturday afternoon, August 14, 2021, from 3:00 pm to 5:00 pm, 3275 Nottingham Road, Winston-Salem, NC (near Forsyth CC). There will be a private Graveside Service for the family only and the interment will be at Forsyth Memorial Park, Winston-Salem, NC.

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Investor Demand Returning to Retail Sector

Originally published on July 12, 2021, by Michael Tucker for MBANewslink.

Consumer retail spending now exceeds pre-COVID levels; investor confidence in retail real estate is also growing, reported JLL, Chicago.

The retail sector–especially non-essentials goods and services–was among the hardest-hit CRE sectors early in the pandemic, but as vaccinations increase and restrictions ease, investor interest is nearly back to pre-pandemic levels. The sector captured an 11-percent share of transaction volume year-to-date in 2021, nearly where it was before the 2020 lockdowns.

“Consumer shopping patterns have bounced back due to pent-up demand over the past 12 months,” said Danny Finkle, JLL Senior Managing Director. “People are spending money across the spectrum of retail locations.”

Finkle noted this increased spending goes “hand-in-hand” with investor sentiment, “so as consumers spend more on food and beverage, apparel and other non-essentials and spend time in malls, departments stores and lifestyle centers, capital will follow,” he said.





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Urban Flight is a Myth, Freddie Mac Report Shows

Originally published on July 12, 2021 by The Economic & Housing Research Group for Freddie Mac.

As we noted in a previous report, there was an observed shift of home purchases in the last decade, even before the onset of COVID-19, from urban areas to suburbs and rural towns. We went on to link several possible socioeconomic factors driving the ongoing trend of household migration away from urban areas. The present study extends those findings using MLS data collected from January 2000 to May 2021 to address additional changes taking place pre- and post-COVID in the residential environmental preferences of households. While the rising trend of suburbanization and movement to rural areas still holds true, the new data also refutes the notion that urban revival is over—at least not in all cities—by illustrating the heterogeneity of the U.S. housing market across its regions.

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Sentiment Regarding CRE, Cap Rates Improves: Survey

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

CRE executives’ market sentiment has improved dramatically from a year ago, reported RCLCO, Washington, D.C.

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Economy Still Needs Support, Progress Still a Ways Off: Fed

Originally published on July 14, 2021, for BloombergNews.

Federal Reserve Chair Jerome Powell said it was still too soon to scale back the central bank’s aggressive support for the U.S. economy, while acknowledging that inflation has risen faster than expected.

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Medical Office Sector Becomes More Attractive to Investors: Marcus and Millichap

Originally published midyear 2021 by Marcus & Millichap.

Broader recovery fortifies a positive outlook. Resilient during the health crisis, the medical office segment is in a position of strength. Demographic trends and an anticipated boost in health services are positioned to foster long-term tenant demand that will bolster investor confidence in the sector. Shorter-term, the full-scale reopening of most states’ economies and widespread vaccination efforts have laid the foundation for a broad economic recovery that will fuel continued employment growth in the second half of this year. The expiration of enhanced unemployment benefits in September and many states’ plans to terminate the allowance prior to the deadline have the potential to motivate more individuals to obtain work. Furthermore, the reopening of schools this fall should further aid employers when filling open positions during the final third of the year. The resulting employment growth will raise the number of commercially insured households, lifting health spending and the number of medical visits. Together these factors will fuel health-related hiring and supplement demand for medical office space.

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Forecast Shows Further Home Price Growth Through Second Quarter of 2022: Data

Originally published on July, 2021,  by Brian Fluhr for Veros.com.

Today Veros Real Estate Solutions, an industry leader in enterprise risk management and collateral valuation services, released its Q2 2021 VeroFORECASTSM data that anticipates home prices will continue to appreciate at high levels during the next 12 months in the 100 most-populated markets at a rate consistent with our previous update one quarter ago. Veros is committed to the data science of predicting home value based on rigorous analysis of the fundamentals and interrelationships of numerous economic, social, and geographic variables as they pertain to home value. This data-driven approach indicates that many of the top-performing cities are trending upwards at a double-digit rate. 

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Apartment Rents Keep Rising, Reach New Record, Data Shows

Originally published on July 6, 2021 by Beth Mattson-Teig for WealthManagement.com.

Although the pandemic caused tenants in other real estate sectors to hit the brakes on a new leasing, that was not the case in industrial. The industrial market saw a robust year of leasing activity in 2020 that has carried over into 2021. According to Cushman & Wakefield, net absorption for 2020 reached 268.4 million sq. ft., surpassing the 240.9 million sq. ft. reported at year-end 2019 by 11.4 percent. Demand roared into the first quarter with 82.3 million sq. ft. of net absorption—a record high for the first quarter. Cushman & Wakefield also reported a healthy national average vacancy rate of 4.9 percent and annual rent growth of 7.8 percent.

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CFPB Issued $124M in Remediation over Mortgage Servicing

Originally published on July 6, 2021, for the Mortgage Bankers Association.

The Consumer Financial Protection Bureau this week issued a report highlighting legal violations identified by the Bureau’s examinations in 2020. The report also highlights prior CFPB supervisory findings that led to public enforcement actions in 2020 resulting in more than $124 million in consumer remediation and civil money penalties.

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This Friday! Volunteer at Crisis Assistance Ministry

Join NCAI’s Metrolina Branch Chapter this Friday for a volunteer event with Crisis Assistance Ministry. Help give back to the Charlotte community by volunteering to help sort clothes and donated household items for families in need. Volunteers need to be age 11 and over. This event will require standing. Please wear comfortable, closed-toe shoes and dress appropriately for a warehouse environment.  

Send RSVPs to Ashley Cooper, MAI, MSRE, CPM.

Meet the Member: Hector Ingram

  • Where do you live and who do you work for?
    Wilmington, NC – Ingram & Company, Inc.
  • How long have you been appraising?
    30 years
  • Who was your supervisor as a Trainee and how did you meet them?
    John Hooton, MAI – I walked into his office and asked for a job.
  • What is the most unique property you’ve appraised?
    Bald Head Island Ferry Terminal
  • What is a fact about you, outside of work-life, that people would be surprised to know?
    I like to rebuild classic cars.