Conference ReCap
Members of the appraisal community came together April 12 at the 2019 Metro DC Appraisal Conference to hear about the latest updates, issues and trends driving the area's real estate market.

Henry J. Goodfriend MCR, Global Lead, Real Estate Transactions, Corporate Global Real Estate for The Estee Lauder Companies opened the conference with the Local Effect of Globalization. His presentation explored the benefits and risks of globalization along with the increasing pressure applied by population growth on all elements of our society including real estate.


Click here for Goodfriend's slide deck.

The Appraisal Institute's Director of Government Relations, Bill Garber followed up with an update on the legislative trends framing the area's real estate market and appraisal practices along with the latest news from the Appraisal Institute. He provided specifics around a number of areas including the FDIC's plans to raise the residential appraisal threshold, requirement for evaluations where appraisals are exempt, new valuation guidelines, GSE reforms and more. Click here for Garber's slide deck.

Two breakout sessions followed in which Laurie Egbert provided a virtual update and training on Bright MLS (Click here for Egbert's slide deck) while Lucas Rotter, CEO | Co-Founder, Valcre and Dennis Dull, MAI, Co-Founder & Chief Sales Officer, RealQuantum explored cutting-edge developments in report writing technology for commercial appraisers in a panel discussion led by moderator Ashton Rowles, MAI, MRICS, Senior Director – Executive Team, Archstone Appraisal Group, Inc.

After lunch, Ryan McCormick, Senior Vice President & Counsel, Real Estate Roundtable brought everyone up-to-date on the impact of the recently passed tax reform. His presentation looked at the Tax Extender and Disaster Relief Act of 2019, Affordable Housing legislation along with infrastructure and tax policy proposals under consideration. Click here for McCormick's slide deck.

ASC Executive Director Jim Park then updated the audience on a variety of issues from the Appraisal Subcommittee. He covered state compliance, upgrades and trends for national registries, AMC registration and supervision and temporary waivers. Click here for Park's slide deck.

Dr. Stephen S. Fuller, Director, The Stephen S. Fuller Institute and Dwight Schar Faculty Chair and University Professor, The Schar School of Policy and Government at George Mason University. Fuller was joined by Victor Hoskins, Director, Arlington Economic Development to share the inside details on the Amazon deal and its implications for metro DC real estate. Fuller anticipates a sizeable effect on average household incomes and job growth.

Click here for Fuller's slide deck. Many of Fuller’s reports can also be found on his website.

Victor Hoskins wowed the audience with a recap of the compelling campaign Arlington launched to bring Amazon to the area. He also detailed a number of the infrastructure development projects to be generated by the arrival of HQ2. Click here for Hoskins' slide deck.

David Henley, Project Director, Baltimore Washington Rapid Rail added to the excitement with a preview of the proposed maglev line between Baltimore and Washington DC. Boasting speeds in excess of 300mph, the maglev train would cover the distance between the two cities in under 15 minutes. Click here for Henley's slide deck.

Steve Teitelbaum, Senior Real Estate Advisor - Office of Real Estate and Parking, Washington Metropolitan Area Transit Authority wrapped up the development update with an overview of WMATA's real estate development plans. Along the way, he demonstrated the noticeable effect of metro on real estate values and office building performance. Click here for Teitelbaum's slide deck.

George Mann CRE, National and International Review Appraiser, Mann & Mann, LLC closed out the conference program with an exploration of Long-Term Sustainable Value.

Click here for Mann's slide deck.

We wrapped up the day with a great reception at which members discussed the day's presentations, shared stories and enjoyed an open bar and hors d'oeuvres.

And Special Thanks to Our Sponsors
Area Appraisal Services, Inc.
Valcre

Missed it? Keep an eye out for the 2020 Metro DC Appraisal Conference. Details coming soon!


 

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