Need A Residential Appraisal?We provide fast, reliable, and professional appraisals with the highest quality. Contact UsWhat We Do...Fidelity Home Appraisers provide residential appraisals, valuations, consulting, and due diligence services to individuals, lenders, corporations, tax, and legal advisors. Our company has a long standing reputation with many attorneys throughout the Philadelphia Metropolitan area. We specialize in
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| Office Vacancy Gap Expected to Widen This Year as Firms Seek Newer Properties: JLL | ||
| 1/25/2023 2:00 AM | ||
| The vacancy gap between older and newer office buildings is widening due to companies seeking new properties that are more sustainable and have higher-quality amenities, JLL reported Jan. 16. The occupancy rate for new properties in the U.S. has held steady at around 16% while vacancies in older bui [......Read More | ||
| Apartment Demand Negative for the First Time Since ’09: Data | ||
| 1/25/2023 2:00 AM | ||
| Net demand for apartments went negative in 2022 — the first time since 2009 — due to lower consumer confidence and higher inflation, according to data from RealPage, MBA NewsLink reported Jan. 17. Rental demand was also weakened by historically low renter turnover, a smaller percentage of people beh [......Read More | ||
| CRE Distress Market Unlikely to Materialize in 2023: Analysts | ||
| 1/25/2023 2:00 AM | ||
| Conditions are not ideal for the distressed commercial real estate debt market to take off this year, dashing the hopes of investors who want to cash in, according to an analyst with RSM US, GlobeSt.com reported Jan. 13. Federal Reserve data showed that defaults on CRE loans stayed below 1% through [......Read More | ||
| Federal Reserve Expected to Push Rates Past 5% in 2023, Survey Results Reveal | ||
| 1/11/2023 2:00 AM | ||
| Ongoing inflation concerns likely will cause the Federal Reserve to raise interest rates to 5.25-5.5% this year, according to Bankrate’s Fourth-Quarter Economic Indicator poll published Jan. 4. The average rate projection of 5.35% is up from the 4.71% forecast in the third-quarter survey. ...Read More | ||
| FHFA Must Step Up Efforts to Combat Appraisal Bias: Report | ||
| 1/11/2023 2:00 AM | ||
| A report from the Federal Housing Finance Agency’s Office of the Inspector General found that the FHFA isn’t doing enough to stop appraisal bias, HousingWire reported Dec. 23. The report suggested changes the FHFA should make, including alerting state regulators and licensing authorities when cases [......Read More | ||
| Biden Signs Bill Revising Valuation Process for VA Mortgages | ||
| 1/11/2023 2:00 AM | ||
| President Biden on Dec. 27 signed HR 7735, the Improving Access to the VA Home Loan Benefit Act of 2022, which streamlines the valuation process for U.S. Department of Veterans Affairs mortgage loans by allowing desktop appraisals and appraisal waivers in some situations. Critics have complained tha [......Read More | ||
| Craig Steinley to Become President of Appraisal Institute on Jan. 1 | ||
| 12/19/2022 2:00 AM | ||
| Craig Steinley, MAI, SRA, AI-GRS, AI-RRS, of Rapid City, South Dakota, will begin his one-year term as president of the Appraisal Institute on Jan. 1. The Appraisal Institute is the nation’s largest professional association of real estate appraisers with over 16,000 professionals in almost 50 countr [......Read More | ||
| Some Conservation Easement Transactions Abusive: IRS | ||
| 12/14/2022 5:30 AM | ||
| The IRS and Treasury Department on Dec. 6 proposed regulations listing certain syndicated conservation easement transactions as abusive tax transactions that must be reported to the IRS. The announcement said, in part, that investors typically acquire an interest in a partnership that owns land and [......Read More | ||
| Medical Office Sector Resilient Amid Slowdown: Colliers | ||
| 12/14/2022 2:30 AM | ||
| Medical office buildings remain investor favorites despite the sector seeing lower transaction volume, according to Colliers, GlobeSt.com reported Dec. 6. Investors are eyeing outpatient surgery centers and behavioral health facilities, and are targeting cities in Sun Belt states where the need for [......Read More | ||
| Housing Forecast Shows Slowing Sales, Lower Prices: Redfin | ||
| 12/14/2022 2:30 AM | ||
| The housing market is expected to remain sluggish next year, likely dropping to its slowest sales pace since 2011, Redfin reported Dec. 6 in its 2023 Housing Outlook. The outlook forecasts a 16% decline in existing home sales, a 4% drop in the median home price and mortgage rates that gradually decl [......Read More | ||