DHA Appraisal Blog

Poll Results: When will the Market Recover?
July 30th, 2009 6:27 AM

More than 2,000 LoopNet members responded to our poll on the Q3 commercial real estate market. 56% of the respondents foresee a recovery in 2010, but buyers and sellers still have different expectations on pricing as it continues to fall. These expectations, combined with the lack of consensus on when prices will reach their lows, could be an obstacle to a return in transaction volumes. Looking forward, 48% of respondents felt that multifamily presents the best area for long term investment gain, which is a percentage nearly equal to all other sectors combined.

See poll results & comment >>>

Posted by Dave Hohman on July 30th, 2009 6:27 AMPost a Comment (0)

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Property Pricing Drops Another 7.6%
July 23rd, 2009 6:38 AM
 Commercial property pricing in May dropped another 7.6 percent, according to the Moody's/Real Commercial Property Price Indices, or CPPI. The all-property-types component of CPPI fell to 125.04 in May, and is down 28.5 percent from a year ago and is 34.8 percent under its peak, which was reached in October 2007. Read Full Story
Posted by Dave Hohman on July 23rd, 2009 6:38 AMPost a Comment (0)

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Problems - HVCC, AMCs, and real estate agents
July 8th, 2009 11:05 AM
 Preliminary results from recent NAR survey of members
 
* Approximately 76 percent of Realtors® representing buyers or sellers indicated that the time to obtain a completed appraisal increased after May 1; 69 percent of those reporting increased appraisal times reported an increase of over 8 days.
* The number of NAR Appraiser members reporting that they obtain over 50% of assignments from AMCs increased from 14 percent to 39 percent after May 1.
* Time for an appraiser to submit an appraisal to the AMC decreased, as reported by 71 percent of NAR Appraiser members.
 
To read the full story, click here.
 
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Posted by Dave Hohman on July 8th, 2009 11:05 AMPost a Comment (0)

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