Weekly News Roundup for April 22, 2016

These are some of the stories we’ve been following this week.

Residents testified in a construction defect lawsuit earlier this week against the country’s largest homebuilder, D. R. Horton.

In New Hampshire, towns are coming together to deal with the lead contamination of their water. The consortium will work […]

Greenfield Advisors Serves as Expert in VerdictSearch.com’s Top 20 Verdicts of 2015

SEATTLE, Washington and CARTERSVILLE, Georgia – Greenfield Advisors provided the analysis and principle expert testimony for the prevailing side in a lawsuit listed as number 20 on VerdictSearch.com’s list of the Top 100 Verdicts of 2015.

In Chase Barfield, et al., v. Sho-Me Power Electric Cooperative, et al., landowners in […]

Minimum Wage Update Part 2: The Next Steps

In the first part of our series on the debate over raising minimum wage, we looked at how Seattle has adjusted in the year since the minimum wage increase. Economists are still watching Seattle, and they will soon have many other places across the country to observe and study […]

Weekly News Roundup for April 15, 2016

These are some of the stories we’ve been following this week.

Officials in the United Kingdom are working to fight global warming while still heating homes. One option is to use hydrogen, which burns cleaner than natural gas and doesn’t give off carbon dioxide.

Voters in New Orleans voted […]

Minimum Wage Update Part 1: A Year Later in Seattle

In the last year, a movement to raise the minimum wage has spread across the country. It started in cities like Seattle, where in 2014, the city council voted to incrementally raise the minimum wage over time. This minimum wage ordinance positioned Seattle as the host of a social […]

Housing Market Heads into the Buying Season with Strong Numbers

Spring is often when homeowners put their homes on the market. It’s considered the best time for sellers, as buyers are out in full force now that the weather is nice.

This year is shaping up to be a great one for sellers, with the housing market looking healthy and […]

Weekly News Roundup for April 8, 2016

These are some of the stories we’ve been following this week.

The City of Miami has filed multiple lawsuits alleging that various banks violated the Fair Housing Act by targeting minorities for loans with predatory terms, which cost the city money. Wells Fargo has asked the U.S. Supreme Court to […]

Greenfield Advisors Celebrates 40 Years of Real Estate and Economic Excellence

You probably know that Greenfield Advisors (formerly Mundy Associates) was founded in 1976, making this our 40th anniversary. To celebrate, we asked our Founder, Dr. Bill Mundy, to describe what it was like to set up the firm and some of the early research projects he took on. We also […]

Jordan: A Growing Economy Welcoming Foreign Investors

During a busy week in March, Dr. Clifford Lipscomb and I attended a World Bank Conference and several strategic meetings, including brief meetings with U.S. Senator Maria Cantwell and Her Excellency, Ambassador of the Hashemite Kingdom of Jordan, Dr. Alia Bouran. In this post, I’d like to discuss what […]

Weekly News Roundup for April 1, 2016

These are some of the stories we’ve been following this week.

The U.S. economy slowed in the last quarter of 2015 as corporate profits and inventory investments declined, but increased consumer spending helped lessen the blow.

Investors have filed a class action lawsuit alleging that Wells Fargo ignored issues with problem […]

Greenfield Advisors Attends the World Bank Conference on Land and Poverty

On March 14, 2016, at 7:55 a.m., the spotlights brighten and focus on the unoccupied chairs of the panel in the World Bank’s Preston Auditorium. Officials from over 100 countries shuffle to get into their seats, exchanging greetings and cordialities in over 90 languages. A line of delegates floats […]

The Marketplace for Pharmaceutical, Medical Device, and Diagnostic Royalties

Without a doubt, one of the fastest growing private equity markets in the last decade has been the market for healthcare product royalties—royalties derived from the end sale of pharmaceuticals, medical devices (also known as medical technologies), and diagnostics. I’ve written previously about how these royalties are valued, and […]

Weekly News Roundup for March 25, 2016

These are some of the stories we’ve been following this week.

Commercial property sales dropped sharply in February. Economic uncertainty and volatile financial markets may have weakened demand, and prices have started to drop in some sectors.

Foreign investors have been putting a lot of money into buying U.S. real estate. […]

Greenfield Advisors Snapshot – Tyler Rogstad

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Tyler Rogstad, an Associate Analyst in our West Coast office in Seattle.
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What are some memorable projects for you?

In my time at Greenfield Advisors, I have almost […]

By |March 24th, 2016|Categories: Blog, News|Tags: , |0 Comments

Perception vs. Price: When Sellers Over- or Undervalue Their Homes

For anyone who ever loved to track down baseball cards, comic books, or other collectibles, there was nothing like looking up the value of your most prized possession. For kids, it was often a harsh discovery that the outfielder you spent several dollars on was worth just a fraction […]

Weekly News Roundup for March 18, 2016

These are some of the stories we’ve been following this week.

Oil prices are once again increasing, but the hydraulic fracturing industry may not be able to recover quickly enough to take advantage. When oil prices dropped, fracking became less profitable, and companies shut down many of their fracking operations. […]

Up, Up, and Away—Drone Use in the Real Estate Industry Takes Off

Last January we wrote about how drones could soon be changing the way that real estate professionals do their job. At the time, the National Association of Realtors released a statement that unmanned aerial vehicles (UAVs) (also referred to as unmanned aircraft systems or UAS)were not allowed for commercial […]

Weekly News Roundup for March 11, 2016

These are some of the stories we’ve been following this week.

Michigan Governor Rick Snyder recently signed the $30 million Flint Water Relief Bill to assist Flint residents with water bill debt for water they couldn’t safely use. City officials have had to suspend water bills for Flint residents until credits […]

Employment Numbers Continue Strong Showing

The first two months of 2016 have put economists in a good mood. January kicked off the year with the first unemployment rate below 5% since the Great Recession started 8 years ago. During that period, unemployment reached 10% in 2009 before slowly trending back downward. The housing market, which […]

EB-5 Debate Continues as Application Backlog Builds

Late last year, Congress was working furiously to prepare a budget that would avoid a government shutdown. As legislators debated and worked, time was running out for the popular EB-5 Immigrant Investor Program, which would expire in December 2015 if Congress did not renew it.

The EB-5 program was under […]

Weekly News Roundup for March 4, 2016

These are some of the stories we’ve been following this week.

A study conducted by Integra Realty Resources for the Interstate Natural Gas Association of America (INGAA) Foundation found that natural gas pipelines didn’t affect property values or insurability in the locations studied.

A Superior Court Judge upheld a Georgia transportation […]

What’s Happening in Construction Defects Litigation?

One of the many types of real estate litigation that Greenfield Advisors consults on is cases involving construction defects. While statutory definitions vary by state, generally speaking, a construction defect is a deficiency or flaw in the materials, design, or construction of a building or structure that fails to […]

What an Election Year Means for House Prices

This year will bring a whirlwind of new political excitement, but also uneasiness. Presidential election years have many effects on our society. One effect that has been historically popping up during election years is the real estate market’s response. However, since the headlines are saturated with the latest poll […]

Weekly News Roundup for February 26, 2016

These are some of the stories we’ve been following this week.

Last year acid mine drainage from the Gold King Mine rushed into the nearby Animas River, contaminating it with heavy metals. The mine is one of 46 mines that could soon be designated as Superfund sites to be cleaned […]

A Tight Housing Supply Keeps Rental Prices High

The housing market had a strong year last year, as buyers returned in large numbers to push prices up. Low inventory did slow the market a bit, but overall, the real estate industry appeared to have recovered from the economic downturn that hit the country in December 2007. However, […]

Greenfield Advisors Snapshot – Kasia Różańska

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Kasia Różańska, the Data Systems Coordinator who works out of our West Coast office in Seattle.
_____________
 

What are some memorable projects for you?

Currently I’ve only worked on […]

By |February 23rd, 2016|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for February 19, 2016

These are some of the stories we’ve been following this week.

Residents of Flint, Michigan affected by the lead-contaminated water are considering joining lawsuits that could reach a billion dollars in claims and damages.

The Sierra Club filed a lawsuit to reduce wastewater injection from hydraulic fracturing in Oklahoma. The non-profit […]

The Gig Economy Is Growing but Faces Challenges, Part 2

In a previous post, we introduced the gig economy and discussed why it’s difficult to estimate how many people participate. In today’s post, we discuss some of the tradeoffs that workers must consider as well as some of the legal challenges and other obstacles that the platforms have faced.
What tradeoffs do […]

The Gig Economy Is Growing but Faces Challenges, Part 1

It was just a few years ago when you could look down from any skyscraper in Manhattan and see the streets covered in yellow taxis. Today though, many of the cars taking businesspeople, tourists, and others across town are just regular vehicles, thanks to companies like Uber and Lyft.

In […]

Weekly News Roundup for February 12, 2016

These are some of the stories we’ve been following this week.

During her testimony before the Senate Banking Committee, Federal Reserve Chair Janet Yellen said that although the Fed hasn’t ruled out a March rate increase, it might wait to act. The Fed is also investigating the viability of implementing […]

2016 Real Estate Capital Markets Conference Recap

I recently had the pleasure of attending the 10th annual Goodwin Procter Real Estate Capital Markets Conference, held January 29 at the Waldorf Astoria Hotel in New York City. The half-day program featured an investment banker, two panels, and a leading economist presenting their views of current trends in […]

Weekly News Roundup for February 5, 2016

These are some of the stories we’ve been following this week.

The tax assessor for Porter Ranch is looking into tax relief for the thousands of property owners affected by the methane leak that was discovered in October.

The methane gas leak near Porter Ranch, California has made headlines. However, it […]

How Technology Is Changing the Landscape of Environmental Contamination

Environmental contamination continues to be a hot-button issue in the United States. From the closing statements in the Democratic Presidential Debate in Charleston, South Carolina to the trending Michigan State of the State Address, water contamination in Flint, Michigan is making the news daily. So are updates on the […]

By |February 4th, 2016|Categories: Blog, News|Tags: , , |0 Comments

How Do We Appraise a Property with Dinosaur Bones and Other Fossils?

At Greenfield Advisors, we have built a reputation on our ability to value a wide range of assets, from contaminated properties to trophy properties, and from an alpaca herd to pharmaceutical royalties. One of the many interesting projects we have worked on over the last 40 years involved appraising a […]

Weekly News Roundup for January 29, 2016

These are some of the stories we’ve been following this week.

A new study published in American Economic Review examined how hydraulic fracturing can negatively affect property values of nearby homes.

A new study will look at whether recent earthquakes in Texas are caused by fracking-related wastewater injection wells. Texas is […]

Insights from the 2016 Las Vegas EB-5 Conference

Last year Greenfield Advisors began working with clients involved in the EB-5 Immigrant Investor Program, providing a variety of services. As part of this new venture, I attended the 2016 Las Vegas EB-5 Conference. The event was structured as a series of panel discussions on topics ranging from likely […]

By |January 28th, 2016|Categories: Blog, News|Tags: , , |0 Comments

Unexpected Avenues for Economic Development, Part Two

In part one of this series, we looked at a few methods of promoting economic development in local communities. These included education, attractiveness and availability of housing, and government programs and incentives. Each of these approaches contributes to the economic growth of an area in a significant way.

Today we […]

Weekly News Roundup for January 22, 2016

These are some of the stories we’ve been following this week.

This three-dimensional map of the methane levels around Porter Ranch, California gives a new perspective on the extent of the leak.

Class action lawsuits continue to be filed in the wake of the water contamination crisis in Flint, Michigan.

The California […]

Greenfield Advisors Wins Prestigious Award for Paper on Real Estate Data Analysis

CARTERSVILLE, GA and SEATTLE, WA, JANUARY 21, 2016 – One of Greenfield Advisors’ partners and a colleague won “Best Refereed Paper” from the Pacific Rim Real Estate Society.

Dr. Clifford Lipscomb, Director of Economic Research at Greenfield Advisors, worked with Dr. Andy Krause of the University of Melbourne on the […]

Greenfield Advisors Snapshot – Matthew Shaw

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Matthew Shaw, an Analyst in the West Coast office in Seattle.
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What are some memorable projects for you?

Managing multiple mortgage-backed securities projects certainly comes to mind. Just […]

By |January 21st, 2016|Categories: Blog, News|Tags: , |0 Comments

Unexpected Avenues for Economic Development, Part One

In today’s society, change can be seen everywhere. Cities are growing larger and larger, while new industries are springing up in all sectors. Over time, our economy has shifted from an agricultural base to a manufacturing base to a more service-based economy that relies on knowledge, technology, and innovation. […]

Weekly News Roundup for January 15, 2016

These are some of the stories we’ve been following this week.

BP continues to cut its global workforce as oil prices continue to plummet. The price of oil has dropped 75% in the last 18 months, reaching a 12-year low of about $30 a barrel.

Two Kentucky utility companies will spend millions […]

Costs Mount for the Methane Leak in California

At first glance, Porter Ranch in Los Angeles looks like any other neighborhood in the area. But it’s what can’t be seen that is making headlines across the country. A massive methane leak last year sent thousands fleeing from their homes. The worst part is that it may not […]

Greenfield Advisors Launches Pharmaceutical and Medical Royalty Valuation Practice

CARTERSVILLE, GA and SEATTLE, WA, JANUARY 13, 2016 – Greenfield Advisors now provides expert medical royalty valuation. The financial and real estate consulting firm saw a need for such services after meeting with several executives in the medical and pharmaceutical industries.

“We heard it time and again that investors, biotechnology […]

How Small Businesses Make a Big Economic Impact

While big businesses, including the likes of Wal-Mart and Kroger, have a measureable positive effect on the neighborhoods they enter, often the local small businesses have a greater economic impact on their communities. The American Independent Business Alliance (AMIBA) contends that, “Independent retailers return more than three times as […]

Weekly News Roundup for January 8, 2016

These are some of the stories we’ve been following this week.

California Governor Jerry Brown declared a state of emergency for the Porter Ranch neighborhood of Los Angeles after more than 10 weeks of methane gas leakage has forced thousands from their homes. The leak could take months to fix.

Michigan Governor Rick […]

How Economic Impact Analysis Can Serve Community Strategic Planning

Strategic planning is a mandate of most communities throughout the U.S. The overall goal of the planning process is to create a strategy that guides the community into the future. It is a collective effort among the community, the local government, and regional businesses to look at where they […]

Which Cities Are the Best Places for Foodies to Live?

Ever since I was a little girl, some of my fondest memories include food, restaurant experiences, and cooking. Before I was tall enough to see the top of the kitchen counter, I was standing in a chair alongside my great grandmother pouring buttermilk into the morning’s batch of homemade […]

The Year in Review – 2015

Greenfield Advisors was busy in 2015. From mortgage-backed securities, to environmentally contaminated properties, to product liability cases, to drug royalty valuation, we worked on a wide variety of matters.

This year also included the addition of several new staff members across both of Greenfield’s offices. Those new staff members include […]

There’s Plenty of Good News for the Hotel and Resort Industry

For the first time ever, AAA predicted that more than 100 million people will be traveling during the holidays this year. Not all of them will be renting rooms from hotels or resorts, but it’s still good news for U.S. hotel owners and operators, who have already done well […]

Merry Christmas from Greenfield Advisors

We’re taking today off from the blog, but we will be back on Tuesday with a new post. Please note our offices will be closed tomorrow, December 25, so we can celebrate Christmas with our families. We hope you have a Merry Christmas!

By |December 24th, 2015|Categories: Blog, News|Tags: |0 Comments

Greenfield Advisors Now Providing Expert Due Diligence to EB-5 Investors

 

CARTERSVILLE, GA and SEATTLE, WA, December 22, 2015 – Greenfield Advisors is expanding its services into the world of EB‑5 immigrant investor visas by utilizing the company’s strong team of analysts and economists. In addition to business plans and economic impact reports, Greenfield Advisors will offer due diligence of […]

By |December 22nd, 2015|Categories: News, Press Releases|Tags: , |0 Comments

Why Many EB-5 Investments Fail, and How Greenfield Advisors Can Help

On the surface, EB‑5 legislation brings together investors with capital from abroad and businesses with opportunities for investment in the United States. The EB‑5 Immigrant Investor visa program aims to further the U.S. economic goal of job creation while offering the foreign investor the prospect of obtaining a U.S. […]

By |December 22nd, 2015|Categories: Blog, News|Tags: , , , , |1 Comment

Weekly News Roundup for December 18, 2015

These are some of the stories we’ve been following this week.

The Federal Open Market Committee (FOMC) unanimously voted to raise the target federal funds rate 0.25%, the first time the Federal Reserve has raised interest rates in almost a decade.

The EB-5 Immigrant Investor visa program will likely be extended […]

Greenfield Advisors Snapshot – Jessica Flood

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Jessica Flood, an Analyst in the East Coast office located just north of Atlanta, Georgia. Jessica joined Greenfield Advisors in August and is currently leading multiple […]

By |December 17th, 2015|Categories: Blog, News|Tags: , |0 Comments

Two Talks at the World Congress on Petrochemistry and Chemical Engineering

I was honored to be a keynote speaker at the 3rd World Congress on Petrochemistry and Chemical Engineering held in Atlanta, Georgia, earlier this month. When I first heard about the conference, I wasn’t sure if I was exactly the right fit for an audience of chemical engineers and […]

Weekly News Roundup for December 11, 2015

These are some of the stories we’ve been following this week.

The U.S. Army Corps of Engineers has found additional private properties near Coldwater Creek in Missouri that have radioactive contamination from old nuclear processing waste storage sites.

Environmentalists and residents living near fracking sites have been criticizing the conclusions of […]

From Black Friday to Cyber Monday and Beyond

It’s the most popular shopping day of the year: the day after Thanksgiving, better known as Black Friday. Companies make huge ad buys in newspapers, cover the airwaves with sales, and open early—sometimes as early as Thanksgiving evening.

For some it’s a tradition: standing outside in the middle of the […]

Valuation of Drug Royalties

Drug royalties are the royalties paid primarily by pharmaceutical companies to academic institutions, scientists, and development stage biotechnology companies for the intellectual property (IP) produced by new drug development. It is important to note that multiple royalties can be paid on one drug to originators of the various patents […]

Weekly News Roundup for December 4, 2015

These are some of the stories we’ve been following this week.

There has been another major setback for Newhall Ranch, a proposed master-planned community on almost 12,000 acres along the Santa Clara River in Los Angeles County. The California Supreme Court rejected the project’s environmental impact report.

An Illinois pipeline is closer […]

Looking to Pipeline Projects Beyond Keystone XL

Last month President Obama put an end to speculation and debate about the Keystone XL Pipeline and denied construction of the expansion that would have added 327 miles to the existing pipeline. The announcement came after more than 6 years of discussion, plan reviews, and political and environmental groups weighing in […]

How Much Will the Mayflower Oil Spill Cost?

On March 29, 2013, the ExxonMobil Pegasus pipeline ruptured in a residential subdivision in Mayflower, Arkansas, about 20 miles northwest of Little Rock. Approximately 3,190 barrels (134,000 gallons) of oil spilled down a residential street and into storm drains, flowing into nearby waterways, including an unnamed creek, wetlands, and a cove […]

Wishing You a Happy Thanksgiving

The Greenfield Advisors offices are closed Thursday and Friday this week to celebrate the Thanksgiving holiday.

As we enjoy this short break, we would like to take a moment to express our gratitude for the opportunity to connect with you and to wish you peace, joy, good health, and abundance […]

By |November 25th, 2015|Categories: Blog, News|Tags: |0 Comments

Number of First-Time Homebuyers Declines Again

After years of recession and post-recession drops in home sales, the housing market has finally rebounded. This year looks to be the year that analysts will point to as the one where the housing industry could finally breathe a bit and look forward to the future.

However, one group made […]

Weekly News Roundup for November 20, 2015

These are some of the stories we’ve been following this week.

According to West Virginia’s latest assessment of properties owned by public utilities, property values fell in counties where coal is mined, whereas property values increased in counties where natural gas is extracted.

North Carolina counties have been passing moratoriums on […]

Greenfield Advisors Snapshot – Abigail Mooney

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Abigail Mooney, a Senior Analyst in our West Coast office.
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What are some memorable projects for you?

Any project where I’ve had the opportunity to design a survey […]

By |November 19th, 2015|Categories: Blog, News|Tags: , |0 Comments

The Benefits of Brownfield Redevelopment

You’ve probably heard of brownfields—abandoned or underutilized properties with real or perceived contamination. But you may not understand the risks they pose if not properly assessed and remediated, or the opportunities they present if carefully redeveloped. Today we examine the benefits of brownfield remediation and redevelopment, areas where we’ve […]

Weekly News Roundup for November 13, 2015

These are some of the stories we’ve been following this week.

Railroad bridges across the country are not receiving necessary repairs, and this could become a big problem as more oil trains roll across the country.

Senator Tammy Baldwin (D-WI) is asking Congress to add oil train safety provisions in the […]

Economy Continues to Rebound

A combination of a strong housing market and a solid jobs report has pushed the economy to the next level in the last couple of months. The summer was a great time to be a seller when it came to single-family homes. Prices were up and there was a […]

What Costs More Than Buying a House and Decreases Your Chances of Finding a Job? Diabetes!

November is National Diabetes Month in the United States, and November 14 is World Diabetes Day. In the spirit of these events, we decided to examine the economic effects of diabetes.
What is diabetes?
Briefly, diabetes mellitus is a group of metabolic illnesses. The food you eat is normally broken down […]

Weekly News Roundup for November 6, 2015

These are some of the stories we’ve been following this week.

President Obama rejected TransCanada’s application for a presidential permit for the Keystone XL Pipeline, citing concerns about the project’s contribution to climate change.

For-profit schools have been under attack by government agencies for predatory lending practices. Now the focus is […]

In the Midst of a Changing World, Keystone XL Pipeline Delay Denied

The Keystone XL Pipeline has been a point of contention for years. First proposed 7 years ago, the fourth phase of the U.S.-Canada oil pipeline faces critics from both sides of the border as well as new issues that weren’t factors when the idea of the pipeline was first conceived.

Despite […]

How Are Attempts to Increase the Minimum Wage Faring?

We’ve often posted about efforts to raise the minimum wage in the last couple years, from examining typical household budgets for those making the minimum wage to considering the effects of Wal-Mart’s wage increase. It seems the debate about a minimum wage is far from over though, so today […]

Weekly News Roundup for October 30, 2015

These are some of the stories we’ve been following this week.

The Gold King Mine owner spoke to reporters for the first time since the leak that sent contaminants into the Animas River in August, discussing his interactions with the U.S. EPA and his concerns about the source of the […]

Japan Restarting Nuclear Power Plants After Fukushima Accident

It’s been more than 4 years since the devastating Great East Japan Earthquake struck and sent a tsunami crashing into the eastern coast of the country. Almost 16,000 people died, and another 2,572 were reported missing. The one-two punch collapsed or damaged more than one million buildings.

Perhaps the most noteworthy […]

Greenfield Advisors Snapshot – Joshua Salisbury

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Joshua Salisbury, manager of new business initiatives.
_____________
What are some memorable projects for you?

It would be difficult to pick one project, but I have enjoyed the work […]

By |October 27th, 2015|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for October 23, 2015

These are some of the stories we’ve been following this week.

Global investment in commercial real estate reached $407 billion in the first half of 2015, its highest level since 2007. New York City accounted for almost 10% ($40.1 billion) of that global investment, followed by London ($19.4 billion) and Los Angeles ($19.3 billion).

The Blackstone […]

More Links Between Fracking Operations and Earthquakes, Few Solutions

Hydraulic fracturing, better known as fracking, has been a boon to the oil industry in the United States. The technique pumps water and sand, along with some chemicals, into the ground to break up rock and free natural gas deposits.

In recent years, scientists have found those very chemicals in […]

Valuing the End of the World – Lenga Patagonia

In 2011 and 2012, Greenfield Advisors assisted our founder Bill Mundy, PhD, MAI, CRE (retired), in analyzing the Lenga Patagonia property in Tierra del Fuego, Argentina. Tierra del Fuego is the island province that lies at the southern tip of Argentine Patagonia—hence its nickname of Fin del Mundo, or […]

Weekly News Roundup for October 16, 2015

These are some of the stories we’ve been following this week.

Private equity firm Blackstone Group LP recently announced that it would pay $8 billion to acquire Biomed Realty Trust in one of the largest real estate investment trust (REIT) privatizations planned so far this year.

The House passed a bill 261-159 […]

How Have Appraisal Management Companies Affected the Loan Origination Process?

Anyone who has worked in the real estate or mortgage loan origination industries can confirm that there has been a lot of controversy in recent years about appraisal management companies (AMCs). AMCs manage a network of third-party appraisers who work independently or by contract. Ideally, AMCs serve as an […]

Weekly News Roundup for October 9, 2015

These are some of the stories we’ve been following this week.

The Los Angeles Unified School District is turning excess or underutilized land into affordable housing for low-income district employees.

Property values in Detroit are on the rise, thanks to the city’s work to demolish blighted buildings that are near single-family […]

Dr. Clifford Lipscomb to Head Cost of Living Index Committee

CARTERSVILLE, GA, October 8, 2015 – Dr. Clifford Lipscomb, Director of Economic Research at Greenfield Advisors, was named the chairperson of the Cost of Living Index Technical Advisory Committee. The Council for Community and Economic Research (C2ER) publishes quarterly the Cost of Living Index (COLI) and provides city-to-city comparisons […]

By |October 8th, 2015|Categories: News, Press Releases|Tags: |0 Comments

EB-5 Immigrant Investor Program Reauthorized until December

Amid all the discussion in Congress last month about a spending bill, the fate of the EB-5 Immigrant Investor Program was lost among the debates. However, talk of the future of EB-5 visas has included discussion on raising the amount of money needed to invest as well adding oversight […]

Weekly News Roundup for October 2, 2015

These are some of the stories we’ve been following this week.

The Keystone XL pipeline developer is dropping its eminent domain claims in court and is instead reapplying for state approval of its route through the Nebraska Public Service Commission.

A construction defects law is causing a shortened supply of new […]

Median Home Prices Across the Country Hovering Around $200K

The housing market has been having a good year, outside of a few dips here and there. Prices in most markets have continued to rise as sellers find themselves in an atmosphere where the demand for homes outpaces the supply. In what has become almost expected by analysts, sales […]

Weekly News Roundup for September 25, 2015

These are some of the stories we’ve been following this week.

As Congress debates reauthorizing the EB-5 immigrant investor visa program, here is a look at the program from the perspective of Indian investors.

The City of Oakland, California has sued Wells Fargo over predatory lending practices. The suit alleges that […]

Homes Sales Slow in August as Inventory Tightens

It was a good run, but the string of 3 consecutive months of increasing existing home sales ended in August. Existing home sales dropped last month, putting a crimp in the market’s continued recovery.

Sales of existing homes were down 4.8% from July, from 5.58 million down to 5.31 million homes. Year-over-year […]

Greenfield Advisors Snapshot – Holly Selby

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Holly Selby, an Associate Analyst in our East Coast office.
_____________

What are some memorable projects for you?

While I was an intern for the City of Rome, Georgia, […]

By |September 22nd, 2015|Categories: Blog, News|Tags: , |0 Comments

Weekly News Roundup for September 18, 2015

These are some of the stories we’ve been following this week.

Evaluating schools and teachers with “value-added” measures and publicly releasing the results doesn’t affect the property values of nearby homes, according to a new study published in the Journal of Urban Economics.

The Ferguson Commission released its report commissioned by […]

Economic Census Offers New Look at the Great Recession

The last housing bubble burst in late 2007, sending the United States into a recession from which it would take years to recover. The housing market collapse caused ripples in a wide range of industries and jobs. Realtors, developers, and builders all felt the effects of the seemingly sudden […]

Weekly News Roundup for September 11, 2015

These are some of the stories we’ve been following this week.

A new Federal Housing Administration (FHA) Single Family Housing Policy Handbook (HUD Handbook 4000.1) takes effect on September 14. FHA will be hosting a number of trainings and webinars to help lenders, appraisers, and borrowers understand policy changes and […]

EB-5 Program Brings Jobs and Investments, Awaits Renewal

EB-5 Immigrant Investor visas are a hot topic for Congress this month, as the program needs to be reauthorized by September 30 to continue. The foreign investment program has been popular since it began in 1990, allowing businesspeople from other countries to gain visas into the United States as […]

Fallout from the Mine Wastewater Spill into the Animas River

One moment the Animas River looked like most other rivers in the San Juan Mountains: a torrent of dark water rushing downstream. Then a U.S. Environmental Protection Agency (EPA) accident sent millions of gallons of acid mine drainage into the river, turning it yellow.

On August 5, EPA workers entered […]

Weekly News Roundup for September 4, 2015

These are some of the stories we’ve been following this week.

While the Chinese economic crisis has made U.S. stock investors nervous, it is unlikely to pose a serious risk to the overall U.S. economy. It is, however, having mixed effects on American small businesses.

After a federal district court granted […]

Studying How the NIST MEP Helps U.S. Manufacturing Firms

The Hollings Manufacturing Extension Partnership (MEP), a program of the National Institute of Standards and Technology (NIST), is a nationwide network of manufacturing extension centers that provide services to small and mid-sized manufacturers to increase their competitiveness and productivity. Since it was established by the Omnibus Trade and Competitiveness […]

Protecting Consumers from Predatory Lending Practices

Odds are you know someone who has been taken advantage of by an unscrupulous lender. While there is no official definition of predatory lending, it is generally considered to include any lending practice in which the lender imposes abusive loan terms on a borrower or uses deceptive or coercive […]

Weekly News Roundup for August 28, 2015

These are some of the stories we’ve been following this week.

A New Jersey State Superior Court Judge has approved the state’s controversial $225 million settlement with ExxonMobil to resolve natural resource damage claims related to two oil refineries, industrial facilities, and gas stations.

Airbnb recently announced its partnership with two Chinese […]

Looking Back at Hurricane Katrina

Ten years ago, images of the Superdome, the home of the New Orleans Saints, were on every television channel. It was the end of August, and thousands of New Orleans residents huddled inside waiting out the devastation of Hurricane Katrina.

First making landfall in South Florida on the morning of […]

Some News from Greenfield – An Award, Hires, and Promotions

It’s been a busy summer. Greenfield Advisors expanded both the East Coast and West Coast offices with several new hires to keep up with our expanding services and increased client list, three employees received promotions, and our Director of Economic Research won an award for a recent paper.

Dr. Clifford […]

By |August 25th, 2015|Categories: Blog, News|Tags: , , |0 Comments

Weekly News Roundup for August 21, 2015

These are some of the stories we’ve been following this week.

A Texas lender has sued a number of Tampa Bay appraisers for damages associated with foreclosure losses, claiming that the appraisers violated appraisal standards and overevaluated homes before 2008.

The United States’ oil transportation and refining infrastructure is aging and […]

Builder Sentiment Up In Strong Housing Market

We’ve written numerous posts on how the housing market has rebounded since the Great Recession. Today home sales are on the rise, and they are pushing up prices as well. However, one group we haven’t examined much recently is the builders.

Builder sentiment, like the housing market, is on the […]

Greenfield Advisors Snapshot – Dr. Cliff Lipscomb

Every month we take a look at one of our employees who makes us the successful company we are today. Today we profile Dr. Clifford Lipscomb.
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Dr. Cliff Lipscomb is the Director of Economic Research at Greenfield Advisors. He is also the head of the East Coast office located just […]

By |August 18th, 2015|Categories: Blog, News|Tags: , |1 Comment

Weekly News Roundup for August 14, 2015

These are some of the stories we’ve been following this week.

Mortgage credit availability is increasing. The latest Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers Association (MBA) increased to 125.5 in July, its highest level in years.

It’s a different type of credit check. Facebook has acquired a patent […]

Buyers Know What They Want in a Home

What are we looking for that will make a house our perfect home? It’s one of the first questions buyers ask themselves when they decide to buy a home. [Actually, even renters ask the same question (what makes a house a home). Our Director of Economic Research, Dr. Clifford […]

How Fracking Fares Around the World

Hydraulic fracturing has had a tumultuous relationship over the years with the public as well as with government officials. In the United States, fracking has been welcomed, studied, banned, and unbanned. Some states have opened their arms to the controversial process, while others have been cautious or outright prohibited […]

Weekly News Roundup for August 7, 2015

These are some of the stories we’ve been following this week.

Since the EB-5 Immigrant Investor Program is up for renewal on September 30, Congress has been considering reforms in the EB-5 visa process. One proposed bill would expand the program, adding a new category of visa called EB-6.

Canadian scientists […]

REITs: The Past, Present, and Future, Part 2

In Part 1, we looked back at some of the changes and trends we’ve seen in the REIT industry, including more specialization, expansion into new types of real estate assets, and creation of REIT spinoffs for tax benefits. In today’s post, we’ll continue to discuss REIT trends we’ve noticed, […]

REITs: The Past, Present, and Future, Part 1

We’ve been seeing some interesting activity in real estate investment trusts (REITs) lately, so in today’s post, we’d like to offer an overview of recent trends and changes in the REIT industry and suggest sources of further information if you’d like to learn more.

The U.S. Congress created REITs in […]

Weekly News Roundup for July 31, 2015

These are some of the stories we’ve been following this week.

The U.S. Environmental Protection Agency (EPA) announced three grants worth a total of $600,000 to two Philadelphia development authorities for the assessment and redevelopment of brownfield sites. Nationally, 147 communities received 243 grants totaling $54.3 million in 2015 for the […]

CoreLogic RiskSummit 2015 Recap

I had the privilege of attending the CoreLogic RiskSummit 2015 July 26 through 28 in Dana Point, California. The St. Regis Monarch Beach hotel was the perfect setting for the mixing of business and pleasure (I got to see whales and dolphins on Monday afternoon, along with other conference attendees). […]

Georgia Association of Assessing Officials Conference Highlights

I attended the Georgia Association of Assessing Officials (GAAO) 55th Annual Summer Conference on Jekyll Island, Georgia, July 20 and 21. If you are not familiar with Jekyll Island, it was the summer playground for some of the wealthiest families in America in the 1800s and early 1900s. Families […]

Weekly News Roundup for July 24, 2015

These are some of the stories we’ve been following this week.

The House approved a bill to weaken the U.S. Environmental Protection Agency’s recent coal ash disposal rules, which we wrote about earlier this year. However, President Obama is threatening a veto.

Adding the right pool to a home can significantly […]

Greenfield Advisors Snapshot – Dr. John Kilpatrick

In our new monthly blog feature, Greenfield Advisors Snapshot, we take a look at one of our employees who makes us the successful company we are today. Today we profile Dr. John Kilpatrick.
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Dr. John Kilpatrick is the managing director at Greenfield Advisors. In the professional world, he is known for his […]

By |July 23rd, 2015|Categories: Blog, News|Tags: , |0 Comments

From Bitcoins to Cryptobonds to Blockchain Title Records… What’s Next?

Overstock.com CEO Patrick Byrne created quite a stir in the financial world when he announced his intention to sell uncertificated digital securities on a decentralized alternative trading system using the same technology used to trade Bitcoin digital currency. It certainly wasn’t the first time the maverick has been in […]

Weekly News Roundup for July 17, 2015

These are some of the stories we’ve been following this week.

Should new homes be treated as special? Researchers studied the premia associated with new construction in Las Vegas before and after the housing bubble burst using hedonic modeling.

Since China has suspended all initial public offerings (IPOs) on its stock […]

Homeownership Rate Low Despite Strong Market

The U.S. housing market has seen a lot of good news in the first half of 2015. However, there is one statistic that has yet to rebound: the U.S. homeownership rate reached its lowest point in more than two decades when it landed at 63.7% in the first quarter […]

Weekly News Roundup for July 10, 2015

These are some of the stories we’ve been following this week.

A federal judge heard arguments in a water pollution lawsuit in Kentucky.

University of Colorado researched fracking contaminants and investigated how certain compounds could end up contaminating nearby groundwater.

Greene County in Alabama has experienced more than a dozen earthquakes so […]

Market Effects When Appraisers and Homeowners Perceive Different Home Values

With the housing market on the rebound after a rough few years, homeowners are now starting to think more and more about putting their home up for sale. After the economic downturn and the housing bubble collapse, home prices plummeted. Foreclosures skyrocketed and sent the price of comparable homes […]

Litigation Related to Wind Power Projects

In the first post in this series, we reviewed data suggesting that much of the growth in the wind power industry has depended on government regulations such as state renewable portfolio standards (RPS) and financial incentives from tax credits. We also considered some of the benefits that the Obama […]

Weekly News Roundup for July 2, 2015

These are some of the stories we’ve been following this week.

The Supreme Court ruled 5-4 to overturn a U.S. Environmental Protection Agency (EPA) air pollution rule, saying that the agency didn’t adequately consider the costs. The rule setting limits on mercury, arsenic, and acid gas emissions from coal-fired power […]

IPTI Mass Appraisal Valuation Symposium – Part Deux

Last week, I discussed the first day of sessions at the 10th IPTI Mass Appraisal Valuation Symposium in Amsterdam. Day 2 had several sessions on the role of technology in property tax assessment. I found IPTI COO Ruel Williamson’s presentation on the history of technology particularly interesting. I also enjoyed Dr. Douw […]

Weekly News Roundup for June 26, 2015

These are some of the stories we’ve been following this week.

Bi-partisan bills have been introduced in both the U.S. House and Senate to renew and reform the EB-5 immigrant investor visa program currently set to expire in September.

Commercial trophy property owners in Europe are looking to Chinese buyers, thanks […]

Day One of the IPTI Mass Appraisal Valuation Symposium

 

Amsterdam… what an awful place to have a conference! I’m kidding of course. This is my third trip to Amsterdam, and the city looks pretty much as it did the last time I was here (14 years ago when I was on my way to a regional science conference at […]

Cities Pushing for Economic Growth Are Going Green

In the last decade, the possibility of living in a home that runs on 100% renewable energy has become a reality. The price of solar panels for residential use continues to drop, those in rural areas might be able to use a microhydropower system or small wind turbine, and […]

Weekly News Roundup for June 19, 2015

These are some of the stories we’ve been following this week.

The City Council of Denton, Texas voted to repeal its ban on hydraulic fracturing after the state legislature passed a bill prohibiting fracking bans by local governments. The repeal is seen as a strategic move to reduce court costs […]

The Local Effects of Wind Power Projects

In a previous post, we reviewed data suggesting that much of the growth in the wind power industry has depended on government regulations such as state renewable portfolio standards (RPS) and financial incentives from tax credits. We also considered some of the benefits that the Obama Administration has cited […]

EPA Fracking Study Continues to Divide the Nation

On June 4, the U.S. Environmental Protection Agency (EPA) released a 998-page draft report on the effects of hydraulic fracturing on the drinking water resources of the United States. Analysts and industry professionals dove into the report as soon as it was released, knowing that the report could have […]

Weekly News Roundup for June 12, 2015

Here are some of the stories we’ve been following this week.

June 8 was the deadline to file a claim in the Economic and Property Damages Settlement for the Deepwater Horizon oil spill.

The cost of the oil spill that hit California beaches in May has now reached $69 million. With costs […]

How State and Federal Support Affect Wind Power Development

The Obama Administration has placed a high priority on reducing U.S. reliance on foreign oil and increasing the country’s energy independence, particularly through more use of clean, renewable energy sources. In the January 2015 State of the Union address, President Obama called attention to the fact that America is […]

May Jobs Report Shows Economy’s Potential

May saw the U.S. economy continue to show mild improvements, with 280,000 jobs added in the month. It was the largest gain in a single month this year, whereas the average monthly gain so far in 2015 has been 217,000 new jobs. This is a welcome change after a […]

Weekly News Roundup for June 5, 2015

Here are some of the stories we’ve been following this week.

In Bank of America v. Caulkett, the Supreme Court unanimously ruled that homeowners who declare bankruptcy can’t void a second mortgage.

A local fisherman has filed a class action lawsuit against Plains All American Pipeline for the company’s negligence in […]

Demand Often Exceeds Supply as Housing Market Continues to Improve

There’s a different feeling in the air this summer for those in the housing market. The sun might feel a little brighter, the birds chirping a little louder.

It was just a few years ago that homes would sit for sale, even in the busy summer season, for months or […]

Remembering Dr. John Forbes Nash, Jr.

Few outside of math and economic circles knew the name John Nash before the 2001 movie A Beautiful Mind starring Russell Crowe arrived in theaters. Based on the 1998 book of the same title, the story of a genius who also battled mental illness struck a chord with audiences, […]

Weekly News Roundup for May 29, 2015

Here are some of the stories we’ve been following this week.

Acclaimed mathematician and economist John Nash died. Nash was particularly well known for his contributions to game theory.

The Brownfield Cleanup Program has been critical in promoting the growth and revitalization of Buffalo, New York, and the new state budget […]

Texas Bans Local Fracking Bans

Opponents of hydraulic fracturing, better known as fracking, have been fighting gas companies on several fronts in recent years to keep the controversial drilling practice away from their cities and towns. New York State has enacted a moratorium on the practice based on the uncertainties regarding fracking’s health and […]

Weekly News Roundup for May 22, 2015

Here are some of the stories we have been following this week.

The pipeline operator behind the recent Santa Barbara oil spill has a history of safety violations.

Five big banks pleaded guilty and will pay $5.4 billion for rigging currencies by manipulating global foreign-exchange markets.

The Supreme Court vacated a ruling […]

RICS Summit of the Americas 2015, Part 4

My review of the 2015 RICS Summit of the Americas covers a lot of ground, but that’s because this informative conference offered attendees such a wealth of information. My previous posts have discussed California’s property tax laws, international valuation standards, and global investment trends. This final post discusses the […]

RICS Summit of the Americas 2015, Part 3

I have written previously about attending the 2015 RICS Summit of the Americas. My last post focused on California’s property tax laws, although it also addressed how events in California might affect other taxing jurisdictions in the United States. Now we turn from the local to the global—today’s focus […]

Weekly News Roundup for May 15, 2015

Here are some of the stories we have been following this week.

New York State recently granted the first banking trust charter for a bitcoin exchange in the United States.

The District of Columbia has sued a homeowner for operating an unlicensed business because he repeatedly used Airbnb to rent out […]

Oil, Gas, and Mining – My Talk at IACVA’s International Valuation Forum

Last week I attended the 2015 International Valuation Forum in Atlanta, Georgia. It was jointly sponsored by the International Association of Consultants, Valuators, and Analysts (IACVA); Business Valuation Resources (BVR); and Duff & Phelps. I gave an hour-long presentation on May 8 on valuation issues related to the oil, […]

Crowdfunding Update – SEC Approves Regulation A+ Final Rules

It’s been a little over 3 years since President Obama signed the Jumpstart Our Business Startups (JOBS) Act of 2012 into law, enabling more businesses to utilize crowdfunding to raise capital and gauge market interest. As we’ve noted before, while there has been dramatic growth in the number of […]

Weekly News Roundup for May 8, 2015

Here are a few of the stories we have been following this week.

Trophy properties had a great year last year. More properties valued over $100 million were listed in 2014 than in any previous year. You can learn more about trophy properties by reading our previous posts on the topic.

A Pennsylvania […]

Beer and Fracking… What?

We’ve written a considerable number of blogposts on fracking, many of which deal with concerns about water. This one, however, is quite different, and I hope you find the perspective refreshing.

Common opponents to fracking include the usual suspects—environmentalists, residents concerned about environmental contamination, residents concerned about their property values, […]

Weekly News Roundup for May 1, 2015

Here are some of the stories we’ve been following this week.

Airports all over the world use special chemicals to melt the snow and ice off airplane wings. However, a new study shows those chemicals are contaminating the soil around the airports.

A bill that would have banned fracking in the […]

RICS Summit of the Americas 2015, Part 2

There are about 17,000 taxing jurisdictions in the United States. It’s an overwhelming number, but it helped put in perspective all the topics discussed during the RICS Summit of the Americas this year. I blogged previously about the first part of my experience at the conference.

One of the sessions […]

RICS Summit of the Americas 2015, Part 1

Last week I attended the third annual RICS Summit of the Americas with my colleague Linda Tayntor from our Seattle office. You might recall that I attended last year’s event in Toronto; this year’s event was held at the historic Millennium Biltmore Hotel in Los Angeles, California on April […]

Weekly News Roundup for April 24, 2015

Here are some of the top stories we followed this week:

Democrats present an anti-fracking bill for federal lands. The bill is being called by some legislators as the strongest bill of its kind.
Beer drinkers are banning together to fight against fracking, saying it can damage the quality of the […]

By |April 24th, 2015|Categories: Blog||0 Comments

Spring 2015 Housing Indicators Show Modest Improvement

While the housing recovery has not been as robust as one might hope, we are seeing key indicators of the housing market continue to move in the right direction. After a strong finish to 2014, the housing market has continued a positive run, despite a few bumps in the […]

New Developments in the Defective Drywall Situation

We’ve already discussed the scope of the defective drywall situation as well as the financial effects and some of the attempts to help affected homeowners in previous posts. In this post, we’ll discuss new developments in defective drywall litigation and the resulting settlements, as well as an update on […]