Rapid Growth and Influx of New Residents Pushes Austin Affordability to the Limit: Valuation Magazine

CHICAGO – RealEstateRama – The Mountain West states are seeing a surge of new residents — and home prices are skyrocketing. Find out how some of the most popular areas are handling the influx and the challenges to their economies and lifestyles in the second quarter 2022 issue of Valuation magazine.

With sunny days, stunning surroundings, plenty of high-paying jobs and a laid-back vibe, Austin, Texas, has plenty going for it. The cover story, “Austin on the Edge,” details how rapid growth and an influx of new residents are driving home prices to historic levels, pushing affordability to the limit.

Read “Austin on the Edge” in the latest issue.

Also in this issue:

“Rightsizing” addresses how Fannie Mae now requires appraisers to use the ANSI measuring standard to calculate the square footage for properties with loans that it purchases. While the standard isn’t new, now appraisers are learning how to apply it in their everyday work.

“Building on our Strategic Plan” provides an update on how the Appraisal Institute has been working to achieve the goals laid out in our new Strategic Plan.

Plus:

• Author Ryan Leak announced as AI Annual Conference keynote speaker;
• PAVE action plan review and response;
• White House ramps up housing supply efforts, and more!
  Appraisal Institute, celebrating its 90th anniversary in 2022, is a global professional association of real estate appraisers, with over 16,000 professionals in almost 50 countries throughout the world. Its mission is to empower valuation professionals through community, credentialing, education, body of knowledge and ethical standards. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.

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  For more information:
  Brent Roberts
  O 312-335-4441