Federal Reserve Governor Michelle Bowman indicated that the U.S. central bank may need to further raise borrowing costs to bring inflation down to its 2% target. Despite the Federal Reserve maintaining its benchmark overnight lending rate at 5.25%-5.50% for two...
The Federal Reserve’s Board of Governors expressed concerns about commercial real estate (CRE) lending despite the overall soundness of the banking sector. According to the November 2023 Supervision and Regulation Report, while banking organizations continue to...
The Appraisal Institute announced that the Appraiser Qualifications Board (AQB) has approved the certified residential real property credential (CR) path for the AI PAREA program. This follows the approval and public release of the AI PAREA licensed residential (LR)...