Skip to main content

The Appraisal Journal: Power lines do not affect property values
Jul 29, 2009

A property’s value is not affected when the home is located close to high-voltage transmission lines, or when those power lines are visible from the home, according to an article appearing in The Appraisal Journal’s summer issue. The Appraisal Journal is a quarterly publication of the Appraisal Institute, the nation’s largest real estate appraisal association. “High-Voltage Transmission Lines: Proximity, Visibility, and Encumbrance Effects,” by James A. Chalmers, PhD, and Frank A. Voorvaart, PhD, cites a study of 1,200 home sales in Massachusetts and Connecticut from 1998 to 2007. The study also found that a transmission line easement adjoining a home’s property had only a small negative effect on the sale price. “In the four study areas examined here, there is no evidence of systematic effects of either proximity or visibility of 345-kV (kilovolt) transmission lines on residential real estate values,” the article states. “Encumbrance of the transmission line easement on adjoining properties does appear to have a consistent negative effect on value, although the statistical significance with which it is measured varies.” The authors note that researchers and appraisers may mistakenly attribute a negative price impact to proximity, while the true impact is associated with the transmission line easement. “The professional literature cited, combined with the results reported here, support the position that a presumption of material negative effects of HVTLs (high-voltage transmission lines) on property values is not warranted,” the article states. Chalmers has a PhD in economics and is a certified general real estate appraiser in Arizona. From 1990 to 2002, he led the real estate damages practice at Coopers & Lybrand and, after its merger, at PricewaterhouseCoopers. Since retiring from PricewaterhouseCoopers in 2002, he continues to consult in the area of real estate damages as the principal of Chalmers & Associates LLC, located in Billings, Mont. Voorvaartis a vice president with the Dallas office of Analysis Group, where he special izes in real estate litigation consulting. He has evalu ated class certification criteria and property value diminution claims in residential class action litigation, and also has evaluated the validity and applicability of experts’ valuation methodologies to determine dam ages to real estate on a classwide basis. Click here for the full article, “High-Voltage Transmission Lines: Proximity, Visibility, and Encumbrance Effects."  
Jul 29, 2009
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021