CNBC and MSNBC contributor Ron Insana, keynote speaker at the 2013 Appraisal Institute Annual Meeting in Indianapolis, told attendees July 23 that he remains bullish on the U.S. economy.
Speaking for 30 minutes without notes before taking questions from the audience, Insana praised Federal Reserve Chairman Ben Bernanke and actions taken by the Fed while criticizing federal government actions such as passage of the Dodd-Frank Act, which he said impeded economic recovery.
Insana spoke on “Politics, Policy and the Economy: What Issues on Capitol Hill Mean for Main Street and Wall Street.” He expressed optimism about the real estate industry and said that he expected mortgage rates to drop again, noting they had already started to do so. He cited the unemployment rate as a key factor.
During AI Connect’s July 25 general session, Mark Linné, MAI, SRA, chief executive officer of ValueScape Analytics; Rene Circ, director of research, industrial, for Property and Portfolio Research (a division of CoStar Group); and Jack Huntress, managing director, residential, at Environmental Data Resources, addressed the future of appraisal data and the crucial role technology plays in running a successful appraisal business.
The panelists outlined trends and advances in technology impacting the data that is important to real estate valuation.
“I think the future is about two things: it’s about data and technology,” Linné told attendees. “It removes road blocks if we (as appraisal professionals) can connect and share with one another.”
The panelists also discussed what the landscape will look like for data companies in the future, what new technological developments may affect real estate, and how valuation professionals should prepare to integrate new technologies and solutions into their practices and services.