By John Russell, J.D., ASA’s Senior Director of Government Relations and Business Development Much has been discussed in the wake of the 9th Circuit’s decision upholding the Tax Court opinion in Kollsman v. Commissioner, and how the decision impacts estate and gift valuations moving forward. While the practices of executors, attorneys, and accountants won’t […]
PURCHASE, NY — The American Society of Appraisers (ASA) will offer its highly acclaimed Appraising Fine Arts Overview course at Purchase College, State University of New York (SUNY) on Saturday, September 14 – Sunday, September 15, 2019. Located in Purchase, NY, Purchase College is tucked away on a 500-acre former estate in Westchester County, NY, […]
Tweet The American Society of Appraisers (ASA) is offering two upcoming opportunities to take its “Appraising Fine Arts Overview” course. The course will be held over two weekends, Sept. 14 – 15, 2019 at Purchase College, New York and Oct. 12 – 13, 2019 at the Huntington Library in San Marino, California. Lela Hersh, ASA, […]
Tweet SAN MARINO, CA–Located in San Marino, CA, about 12 miles from Los Angeles, The Huntington Library, Art Collections, and Botanical Gardens is an elegant collections-based research and educational institution serving scholars and the general public. Each year, The Huntington provides 1,700 scholars with access to a world-class collection of rare books, m […]
by Sharon Reed The American Society of Appraisers (ASA) and Embry Riddle Aeronautical University (ERAU) will host their joint Aircraft Valuation Program in Farnborough, England in Nov. 2019 and in Dublin, Ireland in Feb. 2020. Launched in 2015, the ASA/ERAU Aviation Appraisal program is open to anyone interested in pursuing a professional designation as an [ […]
Tweet By Jim Brown, ASA American Society of Appraisers (ASA) Business Valuation appraiser Jim Brown, ASA, Partner, Perisho Tombor Brown, Certified Public Accountants, Campbell, CA, attended the 2019 Hillsborough Concours D’Elegance as an ASA Exhibit Booth staff member on July 21, 2019. Held at Crystal Springs Golf Course in Burlingame, CA, the 64th annual ev […]
CLEVELAND, OH–The American Society of Appraisers (ASA) held its 8th Annual Equipment Valuation Conference on June 3-5, 2019 in Cleveland, Ohio at the Metropolitan at The 9. Sponsored by ASA’s Machinery and Technical Specialties Committee, this annual event has grown to become the definitive source for the latest insights into equipment valuation. From its in […]
Tweet by Teri Brossmer, ASA MGA SHANGHAI, CHINA–Theresa Brossmer, ASA, MGA, ARM-GJ and Mary B. Reich, ASA, MGA traveled to Shanghai, China in May 2019 to teach ASA GJ216 (ASA’s 10-day International Gems & Jewelry appraisal training class) to Chinese students at the Shanghai Better Jewelry Institute. Here’s a blog post by Teri Brossmer, ASA […]
Tweet By Sharon Reed DAYTONA BEACH, FL – The Embry-Riddle Aeronautical University (ERAU)/American Society of Appraisers (ASA) joint aircraft valuation certification program is continuing its exponential growth both in the United States and overseas. A new class of 25 students completed a special session of the program in June and are now eligible for certifi […]
Q&A: Sir David Tweedie, Keynote Speaker at ASA’s Joint 2019 Advanced Business Valuation & International Appraisers Conference New York, NY– Sir David Tweedie, Chairman, International Valuation Standards Committee (IVSC), will headline as Keynote Speaker at the American Society of Appraisers Joint ASA 2019 Advanced Business Valuation & Internation […]
The Appraisal Institute announced March 25 that it attended several high-profile events throughout the month, which helped the organization enhance its role as the valuation profession’s thought leader.
The Appraisal Institute California Government Relations Committee announced March 24 a legislative campaign to amend the state’s appraisal license law to allow state-licensed appraisers to use valuation standards other than the Uniform Standards of Professional Appraisal Practice when performing appraisals for any purpose other than for federally related tra […]
Delinquency rates for commercial mortgage-backed securities fell for the fourth consecutive month in February to 5.58 percent, analytics firm Trepp reported March 19. Experts said that the declining number of delinquencies and a healthy dose of new issuances indicate a strong year for CMBS.
Wells Fargo and JPMorgan Chase were the top commercial/multifamily lenders in 2014, according to the Mortgage Bankers Association’s report, Commercial Real Estate/Multifamily Finance Firms — Annual Origination Volumes, MBA NewsLink reported March 19. The report lists origination volumes in more than 140 categories and ranks 127 different commercial/multifami […]
Foreclosures decreased by 4 percent between January and February, marking the lowest level of foreclosures since August 2006, analytics firm RealtyTrac reported March 19. The report noted the decrease is a sign that the housing market is on track to return to historic norms.
Average fixed mortgage rates moved down during the past week, with the average 30-year fixed mortgage rate continuing to hover below 4 percent, Freddie Mac reported March 19 in its weekly Primary Mortgage Market Survey.
Mortgage lenders are optimistic about the housing market, saying they expect increased mortgage demand and larger profits over the next three months, Fannie Mae reported March 18 in its Mortgage Lender Sentiment Survey. The survey also noted that credit tightening has gradually eased up over the last few months.
Some California farmers are finding that their water has greater value than their land, and so instead of planting crops they are selling their water rights — for as much as $700 per acre foot — to Southern California communities, CBS San Francisco reported March 17.
A bipartisan group of senators, including members of the Senate Banking committee, are fighting against the federal government’s use of Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending, HousingWire reported March 17. The senators said the practice is a “back-door tax” on homeowners.
The Federal Reserve, citing its confidence in the U.S. economy, set the stage March 18 for its first rate hike since 2006 — at the same time it slightly downgraded its economic outlook, USA Today reported. The Fed said growth “had moderated somewhat” due to several factors, including a sluggish housing market.
Fannie Mae and Freddie Mac may need another taxpayer bailout due to increased risks caused by shrinking reserves, according to a report from the Federal Housing Finance Agency Office of Inspector General, Reuters reported March 18. The government-sponsored enterprises received a $187 billion taxpayer bailout in 2008.
Illinois Coalition of Appraisal Professionals
ICAP is one of the nation’s oldest and largest coalition of professional appraisers, established in 1994 to be a unified voice for Real Estate Appraisers in the State of Illinois.