Upcoming Events
While the housing market is still strong, that could change overnight. The market is too dynamic now to rely on monthly, quarterly, or annual sales reports to support opinions on market health. This seminar will show you how to locate contemporary data for your clients and will show you how to rapidly and accurately read and report on market changes. Reg rates increase on March 16.
Join your fellow appraisers virtually in March for the Q1 Chapter Business Meeting! Get an update on what the Chapter has planned for the year, view the Slate of 2022 Officers, congratulate our newly designated members, and connect with friends and colleagues! Free to attend!
This seminar introduces participants to how the terms of a lease and the risk profile of the tenant influence the valuation of commercial real estate. Participants will see how the business features of commercial leases affect the quantity and the duration of the income stream that a property will generate and the development of the property’s income statement. Reg rates increase on March 19.
This seminar will teach residential and general appraisers the fundamental skills they need to complete rural valuation assignments. Instruction focuses on land mix analysis, valuing improvements with extraction and allocation, and developing adjustments.
Chapter News
The NC Chapter would like to thank Compstak and Colvin, Sutton, Winters & Associates, LLC for supporting our chapter and championing the appraisal industry in North Carolina.
Find out
more about our sponsors here!
Last month, Colliers’ Industrial Services Senior Vice President, Justin Smith, SIOR, and Senior Director, Rob Speir, SIOR gave members an exclusive update on industrial market trends, providing insights to local and regional trends, supply/demand, concessions,
vacancy and cap rates, investor motives, and where
industrial is headed.
The NCAI Scholarship Application for the first quarter offering of 2021 is available. Deadline to apply is March 31, 2021.
We’d like to welcome to our newest members who joined in early 2021. Welcome Richard Bryson; David LaVigne; Caitlin Timmons McCain; Jay S. Navarro; Ryan Shively; Michael Sollitto; and Jessica Williams!
Check out new job postings or submit one of your own!
Legislative
The Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in its semi-annual Monetary Policy Report to Congress.
The Federal Housing Finance Agency announced on February 25 that it is extending until June 30 the moratoriums on single-family foreclosures and real estate-owned evictions due to the ongoing coronavirus pandemic.
The U.S. Federal Reserve on Friday unveiled the hypothetical recession it plans to test large banks against in its 2021 stress tests, which includes “substantial stress” in the commercial real estate and corporate debt markets.
Industry/National News
The Appraisal Institute on March 9 sent a letter to the House Committee on Financial Services expressing its support for the Real Estate Valuation Fairness and Improvement Act of 2021.
The Appraisal Foundation’s Appraisal Standards Board (ASB) announced today that the current edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be extended by one year. The 2020-2021 USPAP will now be effective until December 31, 2022.
U.S. commercial property prices grew again in January, sector analysts reported. The Real Capital Analytics All-Property Index rose 1.2 percent from December and 6.9 percent from a year ago.
