Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
Real Estate Broker
ASTM E-2018 Commercial Real Estate Inspector
HUD 203k Consultant
HUD/FHA Real Estate Appraiser/Reviewer
FannieMae REO ConsultantCTAC LEED-GREEN Certificate The Harris Company, Forensic Appraisers and Real Estate Consultants
*PIRS/Harris Company and the Science of Real Estate-Partners Since 1984*630 North Sepulveda Boulevard, Suite 9A
El Segundo, CA. 90245
310-251-3959 CellWebSite: http://www.harriscompanyrec.com Resume: http://www.harriscompanyrec.com/rESUME2011.pdf Commercial Appraiser Blog: http://commercialappraiser.typepad.com/blog/ IT'S THE LAW-Designation Discrimination is Illegal [FIRREA, Sec. 564.6]: Professional Association Membership: "A State Certified General Appraiser may not be excluded from consideration for an assignment for a federally related transaction by virtue of membership or lack of membership in any particular appraisal organization," including the appraisal institute. http://www.ofi.state.la.us/re-otspart565.pdf CONFIDENTIALITY/PRIVILEGE NOTICE: This transmission and any attachments are intended solely for the addressee. The information contained in this transmission is confidential in nature and protected from further use or disclosure under U.S. Pub. L. 106-102, 113 U.S. Stat. 1338 (1999), and may be subject to consultant/appraiser-client or other legal privilege. Your use or disclosure of this information for any purpose other than that intended by its transmittal is strictly prohibited and may subject you to fines and/or penalties under federal and state law. If you are not the intended recipient of this transmission, please destroy all copies received and confirm destruction to the sender via return transmittal.
From: Scotsman Guide News [mailto:TopNews@scotsmanguide.com]
Sent: Thursday, June 30, 2016 10:25 PM
Subject: Top News: Brexit vote could boost U.S. commercial real estate
The United Kingdom’s vote last week to leave the European Union is likely to have a short-term positive effect on commercial real estate in the United States, especially in large gateway cities and in the office market, according to market observers. Having trouble viewing this e-mail? Click here.
Scotsman Guide News
Brexit vote could boost U.S. commercial real estate
The United Kingdom’s vote last week to leave the European Union is likely to have a short-term positive effect on commercial real estate in the United States, especially in large gateway cities and in the office market, according to market observers. "We're probably going to see more foreign capital push into the safe haven that is the United States," said CoStar economist Suzanne Mulvee.
Nation’s home-price ascent shifting into a lower gear
RealtyTrac's Daren Blomquist said the recent slowdown in home-price appreciation nationally, as recorded by the S&P/Case-Shiller Home Price Indices, is being driven by local dynamics and global economic weakness. Read more
Major home-sales index records first decline since 2014
Pending home sales in the U.S. hit a wall in May and declined year over year for the first time in nearly two years, the National Association of Realtors reports. Read more
Britain’s EU-exit vote could boost U.S. housing market
The United Kingdom’s decision to leave the European Union may hurt Europe long term, but it could initially be a boon for mortgage originators here at home. Read more
CFPB warns mortgage services about tech deficiencies
The Consumer Financial Protection Bureau, the government’s consumer-finance watchdog, signaled that it is going to crack down on mortgage servicers that have not adequately beefed up their technology to comply with recent federal rules. Read more
Word by Word
“With first-time buyers still struggling to enter the market, repeat buyers using the proceeds from the sale of their previous home as their downpayment are making up the bulk of home purchases right now.”
Lawrence Yun, chief economist, National Association of Realtors
Stat of the Week
New-home sales this past May on an annualized basis, up 6.4 percent year over year
Source: U.S. Census Bureau
Chief economist, Mortgage Bankers Association
MBA Chief Economist Mike Fratantoni discusses factors that influence loan profits, and what falling profits and rising costs have meant to the mortgage industry.
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