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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 |
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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
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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
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IAAO NEWS
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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.
| | | MEMBER CONNECT CORNER
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IAAO Connect members are talking about considering external
obsolescence adjustments to commercial properties because of an impact
of a homeless population. Read more
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AROUND THE INDUSTRY
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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
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
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
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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
Chicago
• 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
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International Association
of Assessing Officers
314 West 10th Street
Kansas City, Missouri 64105
816-701-8100
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Keith Robison
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