Some of the biggest factors affecting the real estate industry are supply chain shortages, as rising material prices are adding tens of thousands of dollars to the cost of a new home. As a result, in spite of continued strong buyer demand, builder sentiment has started to decline. How long should we expect these issues to persist, and how can builders, appraisers and realtors collaborate to develop effective approaches?

We will touch on notes from July 2021 Supply Chain webinar—how have conditions evolved since then? We will take a look at possible outlooks from appraiser’s POV on supply chain impacts on Q1/Q2 2022. Any decelerations due to shortage of materials? Are you seeing positive shifts or trends?

Metro-West Appraisal and Appraisal Buzz invite you to join a FREE webinar to examine how real estate professionals can navigate these supply chain issues and offer suggestions on how to work together and improve conditions moving forward.
  • Recap market conditions experienced in 2021
  • Expected outcomes vs. real outcomes
  • How pandemic/Flexibility to work from home has impacted market
  • How these items put unexpected strains on the supply chain
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    Appraisal Buzz
    The Appraisal Buzz is a newsletter designed to keep the real estate appraisal professional and lending community plugged into what's happening in the world of appraising.
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    Greg Stephens
    Chief Appraiser, SVP Compliance
    Greg Stephens is a recognized subject matter expert in appraisal regulations and standards, whose 35 plus year career in the industry includes owning and managing a five office regional appraisal firm in Northern California for twenty-four years prior to spending ten years in financial institution valuation QC and governance managing pre and post-closing review teams, monitoring state and federal appraisal-related legislation and USPAP subject matter expert.

    Mr. Stephens professional credentials include Certified General Appraiser, SRA Designation from the Appraisal Institute, AQB Certified USPAP Instructor through The Appraisal Foundation, CDEI certified distance education instructor through the International Distance Education Certification Center.

    For over twenty years he has been providing qualifying and continuing education seminars around the country through his seminar company, Appraisal Seminars, the Appraisal Institute and several colleges.

    For over thirty years, Mr. Stephens has also been involved in national appraisal organization leadership, most recently as the 2013 President of the North Texas Chapter of the Appraisal Institute and prior board and officer positions with the Society of Real Estate Appraisers, the American Society of Appraisers. He is a frequent speaker at national conferences for professional organizations around the country and voted the Collateral Risk Network 2013 Valuation Visionary for life-long contributions to the industry.

    In September 2011 Mr. Stephens joined Metro-West Appraisal Co. LLC as Senior Vice President, Appraisal Operations and Compliance and in December 2013 was promoted to Chief Appraiser, SVP Compliance.
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    Jessica Lynch
    Vice President of Housing Finance at the National Association of Home Builders
    Jessica R. Lynch is Vice President of Housing Finance at the National Association of Home Builders (NAHB). Jessica has almost twenty years of public policy and government relations experience in Washington, D.C. In her current role at NAHB, Jessica’s primary responsibility is to monitor and analyze governmental actions and policies that impact both builder and consumer financing.

    Prior to joining NAHB, Jessica worked on Capitol Hill for Congressman Rick Lazio from New York who served as the Chairman of the House Banking Subcommittee on Housing and Community Opportunity.
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    Bill Garber, Jr.
    Director of Government and External Relations for the Appraisal Institute
    Bill Garber is the Director of Government and External Relations for the Appraisal Institute, where he serves as head of the AI Washington operations. As director, he represents the interests of AI members before Congress, federal agencies, and outreach to aligned real estate organizations.
    Bill has a range of expertise with real estate issues, including residential and commercial valuation and finance, economic development and land use, conservation and historic preservation issues, financial reporting, asset backed securities, and real estate disposition and acquisition. He serves as the liaison to the Appraisal Institute’s Government Relations Committee and Client Advisory Board, and as Treasurer of the Appraisal Institute Political Action Committee. Bill has testified before Congress, and he is a frequent speaker before government agencies and industry organizations. He was also instrumental in the development and passage of appraisal provisions found in last three major housing finance bills in Congress.
    Bill has more than 20 years of association lobbying and management experience in the real estate and economic development professions. He has a bachelor’s degree in Political Science from Oregon State University.
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    James Heaslet
    Supervisory Appraiser of the VA
    James Heaslet has served as The United States Department of Veterans Affairs’ Chief Appraiser since August 2018. James is also a retired Veteran of the United States Marine Corps after 20 years of active duty service. He was awarded the Combat Action medal for numerous combat engagements while deployed to Iraq in support of Operation Iraqi Freedom. He holds an MBA from The University of Arizona.