Hello my fellow NC Chapter members. It’s been a very busy six months for the chapter and I’d like to take a moment to celebrate some of our work over the year and announce several upcoming in person and virtual events and opportunities. Read Mike’s, full letter here.

 

Last week, 40+ members gathered virtually to celebrate our newly designated member, Cindy
M. Pickup, MAI, AI-GRS, who earned her MAI and
AI-GRS designations, vote to dissolve the International Relations Committee, and hear
committee updates about what the Chapter has done so far this year and what lies ahead for the summer and fall!

 

Members and nonmembers were busy in Q1 & Q2 taking a variety of residential and commercial courses before this cycle’s CE deadline which was the end of May. The Chapter held over 10 successful virtual education courses in addition to hosting a webinar lead by our annual sponsor, CompStak, who showcased their platform and gave an exclusive look at their brand-new analytics dashboard that highlights the latest CRE trends and deals in the market. Education for the Fall and Winter is coming soon. Watch the website and your email for announcements!

 

We’d like to welcome to our newest members to the Chapter! Welcome Kyle Leon Bynes; Andrew Cypcar; Candy Getz; C. Megan Gregory; Allen Peyson Hunt, III; Lori Mitchell; Alexis Nelson; Cindy M. Pickup, MAI, AI-GRS; Jessica P. Rouse; James Stotler; and Jackson Tate!

 

Send us updates on your company, job, new projects, personal life, etc. Send to info@appraisalinstitute.org.

 

 

One June 3rd, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic.

 

Housing Secretary Marcia L. Fudge is making a stop on Wednesday morning at 18th and Vine, the intersection at the heart of Kansas City’s historic Jazz District. Backed by Missouri leaders, she’ll deliver remarks on a theme that she’s been repeating since her confirmation, in speeches, during testimony and over social media: “Housing is infrastructure.”

 

The House on May 18 passed HR 3008, the Homebuyer Assistance Act, legislation reintroduced by Reps. Brad Sherman, D-Calif., and Van Taylor, R-Texas, that would amend the National Housing Act and allow state-licensed appraisers to perform appraisals for mortgages insured by the Federal Housing Administration.

 

 

The Appraisal Qualifications Board (AQB) is evaluating changes that would make virtual education delivery a permanent option for continuing education. The AQB released a second exposure draft for qualification criteria on June 3. The AQB is currently accepting commits on the exposure draft until July 30. Read more here.

 

The U.S. median home price continued its double-digit appreciation in May reaching a new an all-time high of $380,000, but in a good sign for home shoppers contending with a competitive housing market, the rate of price growth moderated for the second time in 13 months, according to the Realtor.com® Monthly Housing Trends Report.

 

Real estate economists predict markedly improved U.S. economic and property market conditions over the next three years, 2021 to 2023, compared with the forecast of six months ago, according to the spring ULI Real Estate Economic Forecast.