While there has been long needed improvement in the volume of sales in residential markets: buyers and sellers are finally finding a middle ground. This trend is an affirmation of a fundamental principle: all markets finally find a bottom. Hopefully it’s all up from here. [Read more…] about Ice road truckers in July? Is the CRE market onto something big in the future?
Next on the hit list: Could it be the commercial real estate appraisals?
Real estate appraisals are crucial in real estate lending transactions. Whether the loan is residential or commercial, the appraisal is a central document with respect to value. For commercial deals, the appraisal addresses factors such as the size of the building, its income (if applicable), the market environment in which it functions, and other concrete and interpretative factors. [Read more…] about Next on the hit list: Could it be the commercial real estate appraisals?
Can appraisers take back some measure of control? And, are we up to the task?
The appraisal process is under serious assault. It will get worse before it gets better. Appraisers are no longer believed. What appraisers do is no longer credible. There is no faith in appraiser’s abilities. [Read more…] about Can appraisers take back some measure of control? And, are we up to the task?
Revisits the 1004MC: A look at this form and asking the question, does it need fixing?
A note of caution: the following might be a little technical. It could even hurt. It might not mean much to folks on the commercial side, but is rich with meaning for those on the residential… [Read more…] about Revisits the 1004MC: A look at this form and asking the question, does it need fixing?
Light winter, what about the spring? What weather can do to real estate markets
It’s been a mild winter in New England, of nearly historic proportions. Many of us are thinking golf in March with daffodils not far behind. But that could change in an instant because it’s New England. [Read more…] about Light winter, what about the spring? What weather can do to real estate markets
Full court press: Another case of shooting the messenger bearing bad news
Appraisers are officially the culprits in obstructing the housing recovery. The National Association of Realtors and the National Association of Homebuilders (NAHB) identified appraisers as such and have not been shy about providing criticism of appraisers and the appraisal process. The following summarizes their positions. [Read more…] about Full court press: Another case of shooting the messenger bearing bad news