According to REDICOMPS, transactions were down 73.8% and total value down 54% through the first half of Q2 compared to Q1 of 2020. Not to anyone's surprise, retail and hospitality have seen their values drop more drastically than other asset classes. As investors look to get their capital back into the market, they will be relying on rapidly-changing data on current building values.
Join Bisnow and Josh Folland, senior managing director of Valbridge and Mitchell Simonson, founder of Simonson Appraisals as we discuss the new normal for building appraisals and valuations and what investors can expect in the next few months and beyond.
During this webinar we will discuss:
-- How are properties being assessed during this pandemic? How much of an impact do rapidly-changing cash flows have on valuations?
-- Even during a crisis, people need a place to live. That being said, what are the major differences we're seeing in assessments of Class-A, Class-B, and affordable housing?
-- With property values shifting so drastically, how will property taxes change?
-- How difficult is it to assess a property without being able to physically see and tour it?