Weekly News Roundup for November 10, 2017

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

For the first time in five years, not a single trophy property in Sydney, Australia was sold to a foreign buyer. Analysts believe recent tax increases are keeping away buyers from other countries.
The Illinois Attorney General filed […]

Weekly News Roundup for March 3, 2017

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

Activists in Maryland hope to convince lawmakers to ban hydraulic fracturing in the state. A moratorium on drilling operations ends in October.

More than 150 tons of oil were spilled into the Bay of Bengal, which is much […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Financial Repercussions and Remedies of Defective Drywall

In a previous post, we mentioned that Congress had asked the U.S. Government Accountability Office (GAO) to review methods of providing relief from damages associated with defective drywall, and GAO released a report summarizing their results on July 31, 2013. In this post, we’ll discuss GAO’s findings regarding the financial […]

An Update on the Chinese Drywall Situation

Congress asked the U.S. Government Accountability Office (GAO) to “review alternative methods of providing relief from damage associated with defective drywall.”[1] On July 31, 2013, GAO released a report providing an overview of the problem, summarizing available data about reimbursements that affected homeowners have received and considering other efforts undertaken […]

Construction Defects: The Appraisal Challenges

This presentation discusses some of the current appraisal challenges in valuing properties with construction defects, as well as trends on the horizon.
Presenter: John A. Kilpatrick
Presented at the Construction Defects and Insurance Coverage Conference, March 2011.
Click here to download the full presentation.

Construction Defects — Appraisal Challenges

This paper discusses some of the current appraisal challenges in valuing properties with construction defects, as well as trends on the horizon.
Author: John A. Kilpatrick

Click here to download the full article.

Construction Defects and Stigma

Properties suffering from construction defects exhibit a diminution in value resulting from both the actual cost to cure as well as the residual stigma losses. In the unremediated state, the sum of these should equal the diminution in market value, while post-remediation there is significant evidence of continued stigma. […]

Valuation Implications of EIFS

John A. Kilpatrick is an analyst with Mundy & Associates, a Seattle-based firm of economic, market, and valuation analysts. The firm performs valuation services for litigators in various areas of law. This commentary is an excerpt of a presentation Kilpatrick made at Mealey’s Construction Defects Conference in December 2000 […]