Where do you live and who do you work for?I live in the Charlotte MSA I’m the Executive Vice President for Partner Valuation Advisors How long have you been appraising?I started appraising in December 2012 Who was your supervisor as a Trainee and how did you meet them?My supervisor was the illustrious Vanessa Hall, MAI who served as President in 2021. I met Vanessa through our shared love of dance as she attended and worked at my dance company. I hired Vanessa to teach danceand Vanessa hired me as a Trainee.  What is the most unique property you’ve appraised?I didn’t mean t ..read more

The members of Region V can be proud of the many individuals who have served the Appraisal Institute membership at the Regional and National levels. Through their dedicated service, Region V members have the opportunity to meet and interact with other leaders who are also active in the governance of the organization. This enriches their careers by expanding their network of peers in addition to their knowledge of appraisal and other issues outside of their individual communities. Each of you is urged to become involved in this process by seeking out leaders in your Chapter who will assist Regi ..read more

Originally published by Jacob Channel for Lending Tree on December 4, 2023.  Though home prices have come down in some areas, they remain steep across the U.S. In the face of such expensive real estate, many would-be buyers may consider more affordable options like manufactured, or mobile, homes. But just because mobile homes are typically less expensive than more traditional site-built, single-family housing, it doesn’t mean they’re cheap. On the contrary, our newest analysis of U.S. Department of Housing and Urban Development (HUD) and U.S. Census Bureau data finds that the average sale ..read more

Originally published on December 12, 2023, by CBRE. Economic growth is expected to slow in 2024 and real estate transaction values should decline further, which could create compelling buying opportunities, although lending is expected to remain tight, CBRE reported Dec. 14 in its 2024 U.S. Real Estate Outlook. However, the firm also reported that it expects commercial real estate values to rebound during the second half of the year. Executive Summary There is an increased chance that the U.S. will avoid a recession and achieve a soft economic landing in 2024, but economic growth will slow and ..read more

Originally published on December 5, 2023, by Representative Adam Smith (D-Wash.) and Senator Jeff Merkley (D-Ore.) WASHINGTON, D.C. – Representative Adam Smith (D-Wash.) and Senator Jeff Merkley (D-Ore.) teamed up to introduce the bicameral End Hedge Fund Control of American Homes Act of 2023. This legislation responds directly and forcefully to a persistent and growing problem — What Happens When Wall Street Buys Most of the Homes on Your Block? The purchasing of single-family homes by hedge funds, especially in the current housing market, has made it more diffic ..read more

Fellow NCAI Members, As my term as President of the North Carolina Chapter of the Appraisal Institute ends, I want to take a moment to reflect on the incredible journey we have embarked on together. It has been an honor and privilege to serve as your President and work alongside such resolute individuals who share a common passion for our Chapter and the Appraisal Profession. Thank you to the NCAI Executive Committee – Mike Elwell, Kelli Mayhew, Greyson Morgan, Erica Butler, and the Board of Directors – your support has allowed me to continue to foster the initiatives of my predecessors and im ..read more

Check out our committee webpage for more information about the committees available and the interest form. Another way to get involved to is participate in our Sponsorship Program to gain year-round visibility while championing the industry in North Carolina. Special thanks to our 2023 Sponsor EFIRD Appraisals.  ..read more

Want to be featured on the Chapter’s social media? Share a little bit about yourself through our Meet the Member (MTM) series! Reach out to PR Committee Chair Erica Butler at ebutler@bbgres.com if you want to participate. Check out some MTM posts here: Mike Elwell (blog); Laura Gourlay (blog); Jonathan Jones (blog ..read more

On December 6, 100+ members & guests celebrated at the 2023 J. Scott Robinson Installation Ceremony & Q4 Chapter Business Meeting held at the Marriott Greensboro Downtown. Jim Lynch, MAI gave his final address as the 2023 President and the 2024 officers were installed, including incoming President, Mike Elwell, MAI, SRA. Members mixed and mingled while enjoying food and drinks. We were pleased to welcome Dr. Anthony Nelson, Dean, School of Business, North Carolina Central University, and Jarvis Martin, SRA, Principal with Stewart, Martin, & McCoy, LLC, as they both gave a ..read more

Originally published in December 2023, by the Appraisal Institute. This comprehensive text explores senior housing, nursing home, and hospital properties from physical and economic perspectives, providing appraisers with an up-to-date set of tools for determining the productivity, marketability, feasibility, and value of these facilities. Readers will become familiarized with the forces affecting earnings and valuation and will gain knowledge of the techniques needed to assist in the acquisition, lending, investing, developing, and assessment of these properties. Because of the broad scope of ..read more