Report: Wealthy suburbs are crushing housing market supply, choking off affordability
   Adding new housing is one of the few ways to limit the escalation of rents and home prices in high-cost metros like San Francisco, New York, and Washington, D.C.
   Even new “luxury” apartments or condos can reduce competition for older units, taking some pressure off rents for people with lower incomes.
   However, building new apartments and townhomes near jobs can be difficult. It means building them in existing communities, where small local governments often constrain housing development. Read more

Former missile complex in Nebraska drops on the market for $750k
   Calling all survivalists, preppers, historians, and investors: A decommissioned Atlas-F missile silo in York, Nebraska, is once again available after a renovation by YouTube influencer Andrew Flair, of “Fishing With Flair.”
   The unique property last hit the market in 2022 for $550,000. Now, the below-ground, renovated, 1,256-square-foot residence is listed for $750,000. Flair bought the below-ground dwelling and featured the renovation work on his YouTube channel. Read more
Millennial homeowners are ending the starter home tradition
   According to data from the National Association of Realtors, nearly 40% of Americans between the ages of 25 and 44 who bought a house last year plan to stay in it for at least 16 years.
   Jessica Lautz, NAR deputy chief economist and vice president of research, said the idea of buying an entry-level home, waiting for it to appreciate in value, and then selling it after five years has gone out the window. Read more
Conference golf registration deadline is July 27
  July 27 is the deadline to sign up for the golf tournament at the IAAO Annual Conference. The tournament is on Sunday, Aug. 27, and the Utah Chapter of IAAO is hosting the event at the Eaglewood Golf Course.
   Fees are $110 per person and separate packages including transportation and/or golf club rentals are also available. Register here.
Beware of fake conference emails
   If you receive an email from a third-party firm offering lists of attendees or exhibitors at the upcoming IAAO Annual Conference, please ignore it.
   IAAO does not provide information on attendees or exhibitors to outside firms.
   In addition, if you are contacted by a firm offering to book hotel rooms at a lower cost, you are urged to say “NO.”
   Other associations report that some firms contacting members may only be looking for credit card information or will book attendees with rooms that have large cancellation fees. IAAO’s conference hotel webpage has information on hotels around the Salt Palace Convention Center.
USPAP workshop to be offered at conference
  IAAO is offering Workshop 191 on Sunday, Aug. 27, in Salt Lake City before the start of the IAAO Annual Conference.
   The workshop is a national seven-hour USPAP Update offered for continuing education for licensure and certification through The Appraisal Foundation. The workshop provides a general overview of USPAP guidelines, advisory opinions, statements, and other appraisal practices.
  Conference registration is not required, but participants must register by Aug. 9 for the workshop. The cost is $229 for members and $339 for nonmembers. The USPAP textbook is included. Register as part of conference registration or register here.
IAAO members asked to complete survey
on geospatial data infrastructure

   To help provide a better understanding of the current state of the nation's geospatial infrastructure, IAAO members are asked to fill out sections of a survey from the Coalition of Geospatial Organizations (COGO) by Aug. 1.
   IAAO has been working on the National Spatial Data Infrastructure survey with COGO, a national coalition of 13 member organizations and six advisory organizations spanning all aspects of the geospatial field. The survey will cover eight data set areas and respondents can select individual areas to answer. They may also forward the survey to others in their office to complete.
   Every few years, COGO assesses the status of the NSDI, with the intent of helping the nation move toward a more complete NSDI.
   Providing up-to-date geospatial data and decision support tools to assist governments on funding allocations, day-to-day infrastructure decisions, and help in preparation and response to natural disasters and other emergencies. Complete the survey here.
IAAO partner offering webinar on CAMA, GIS
   IAAO Strategic Partner Esri Canada will offer a webinar on their CAMA and GIS products from 1-2 p.m. Eastern on Wednesday, Aug. 9.
   Learn how to supercharge your property assessments with Esri Canada's Assessment Analyst GAMA — the game-changing solution for fair, accurate, and efficient valuations. Discover how to integrate GIS technology and see how GAMA can transform the way you calculate property values. No more juggling multiple GIS environments.
   The webinar will explore the potential of assessment analytics and reveal hidden insights through spatial analysis. GAMA empowers users to streamline valuations effortlessly, ensuring precision and ease. Register here.
Sign up for morning yoga at the Conference - deadline is Aug. 1
   Attending the IAAO Annual Conference in Salt Lake City, Aug. 27-30? Then join your fellow attendees for a morning “Wake-Up with WIN” yoga class. Classes will be Monday, Tuesday, and Wednesday from 6-6:30 a.m. at the conference. There is no cost for the Women's Initiative Network event, and you can sign up as part of registration. The deadline to register for yoga is Aug. 1.
Hot topic: external obsolescence
  IAAO Connect members are talking about considering external obsolescence adjustments to commercial properties because of an impact of a homeless population. Read more
In ‘warfare against renters,’ homeowners fight affordable housing push
   At a packed City Hall meeting, one resident after another stood before the City Council of the suburban Phoenix city of Surprise pleading with officials to block the construction of an apartment complex for seniors and lower-income renters — shouting, heckling and arguing about crime and traffic congestion.  
   The heated debate in Surprise, population 150,000, is being echoed in large and small cities across the country as local officials have pushed to increase the housing supply with subsidized apartment complexes in response to surging rents and home prices. Read more
of protests with county assessors
   The number of protests filed with Colorado’s 64 county assessors increased 300% in 2023 compared to the average number of protests from the previous three assessment cycles. Read more
The U.S. is short on houses. Here’s how builders are still offering the American Dream
   America is in the middle of a housing crisis. There are only 1.08 million existing homes on the market, and the affordability of a single-family house is at its lowest level in several decades.
   One bid to close the estimated 3.8 million unit deficit in housing is by building new, single-family homes — but some are not for sale, they’re for rent.
   This relatively new and growing segment of the housing market is called “build for rent” or BFR (or “build to rent” or BTR). Often constructed in suburban areas with low crime and near good schools, BFR homes attract those who want the lifestyle of a house — but the affordability or convenience of renting. Read more
Texas Legislature passes record $18 billion property tax relief package
   Legislation to slash Texans' property taxes is heading to Gov. Greg Abbott's desk. The House and Senate adopted the measures late last week.
   The centerpiece of the package is Senate Bill 2. It lowers the school property tax rate for all homeowners and business properties.
   And Texas homeowners will also see their homestead exemption increase from $40,000 to $100,000. Homeowners over 65 and disabled homeowners will see their homestead exemption rise to $110,000. Read more
When corporations buy houses, we all pay
   Houses are selling quickly, and often well above asking price. And when an individual is going up against an investment company, it’s tough to win a bidding war. Read more
How artificial intelligence is being used in the housing market
   Trying to rent or buy in the current housing market can be frustrating, expensive and almost always time consuming, but companies that work with both renters and buyers are turning to artificial intelligence to try to make the process easier. Read more
Durham, North Carolina
• Tax Administrator, Durham County See more
Regina, Saskatchewan, Canada
• City Assessor, City of Regina See more
Nashville, Tennesee
• Commercial Appeals Appraiser, Metro Govt of Nashville and Davidson County See more
Orlando, Florida
• Appraiser Analyst III, Commercial Valuations, Orange County Property Appraiser See more
McKinney, Texas
• Commercial Staff Appraiser, Collin Central Appraisal District See more
Chesterfield, Virginia
• Appraiser III, Chesterfield County See more
Bend, Oregon
• Property Appraiser III, Deschutes County See more
• Industrial Commercial Valuations Jr. Analyst III, Cook County Assessor's Office See more
Greenwich, Connecticut
• Commercial Real Estate Appraiser, Town of Greenwich See more
Lewiston, Maine
• Deputy Assessor, City of Lewiston See more
International Association
of Assessing Officers
314 West 10th Street
Kansas City, Missouri 64105
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Keith Robison
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