The Analogue Blog
- USPAP Fallacies Foibles and Violations
- USPAP
- Useful
- URAR
- Universal Valuation Standards
- Uncategorized
- UAD/URAR
- Tool
- Time Adjustments
- The Appraisal Journal
- Statistics
- Standards
- Simple Regression
- Simple
- SGDS2
- Sensible
- Risk
- Reliable
- Reliability
- Regulation
- Regression
- Reconsideration of Value
- Public Trust
- Price Indexing
- Predictive Models
- New Bias Series
- Neighborhoods
- Neighborhood
- Myths Fallacies & Foibles Series
- MPI (Market Price Indexing)
- Move to EBV?
- Model or Algorithm Series
- Model
- Measure of Risk
- Market Value
- Market Price Or Market Value Series
- Market
- Loan Conditions Series
- Judgment vs Data Series
- Judgment vs Data part 3
- Insanity Series
- Hybrid Appraisal Series
- Guest Post
- GSE Guidelines
- Groupthink
- Great Recession Series
- Gratitude
- Graphs
- George Dell
- Five Frictions
- FIRREA
- Fannie Mae
- Fannie & Freddie
- Expert Judgment vs Data Expert
- Excess of Appraisers
- Ethics
- Error
- Education
- EBV©
- Dying Profession
- Dieing Profession
- Data Set
- Data Science
- Data and Science Series
- Data
- Critical Thinking
- Credible
- Consumer
- Competitive Market Segment
- Comparables
- Community of Asset Analysts
- CMS
- Change
- Catastrophic Events
- Catastrophic Event Impact
- Body of Knowledge
- Big Data
- Bias Series
- Bias
- AVM
- Auditable Appraisal
- Asset Analyst
- Artificial Intelligence
- Approach
- Appraiser
- Appraisal Obsolete Series
- Appraisal Modernization Series
- Appraisal Institute
- Appraisal
- and Data Science Classes
- Analytics
- Algorithm Series
- Algorithm Part 3
- Algorithm Part 2
- Algorithm Part 1
- Adjustments
- Accuracy
- 1004MC
UAD 3.6: Modernizing Appraisal?
UAD 3.6: Modernizing Appraisal? is a Guest Post from John Fariss, MNAA, CAA. All opinions expressed are those of the author, John Fariss, MNAA, CAA, and not necessarily those of George Dell, or his staff. Over the past year, the appraisal world has been swirling with discussion — and plenty of hype — around the […]
Are Appraisal Statistics Hard?
And why are statistics and “data-centric” thinking suddenly a big deal? First, we need to know what data-centric means, and what statistics are needed. Here, we talk about what data-analysis tools and methods are needed to know, not clever academic mumbo-jumbo stuff. As many of you may know, I have spent the last 20 years […]
Is Ai Practical for Appraisers?
“Practical” means useful and sensible. And it should be somehow better than what went before. Artificial Intelligence learns from experience, recognizes patterns, and understands language. Today, most AI applications are “narrow,” in that they are intended to solve particular problems. For appraisal, this means formulating the problem, gathering relevant data, prediction, and presentation. Ai depends […]
Why What CAA?
The CAA was formed for a single purpose: to provide valuation professionals with a better way to serve the public trust. This, through evolved technology and contemporary knowledge of data analytics – that are based on economic principles and human behavior theory. We share open-source software solutions customized for best practices, which are evolving opportunities […]
From UAD to AVM?
From UAD to AVM: How GSEs Are Undermining Appraisal Integrity and Risking Another Housing Crisis is a Guest Post from John Fariss, MNAA, CAA. All opinions expressed are those of the author, John Fariss, MNAA, CAA, and not necessarily those of George Dell, or his staff. How the GSEs Are Undermining Appraisal Integrity and Risking […]
The AI: The Past, or The Future?
The AI (Appraisal Institute) is experiencing pain. But it’s the result of sickness, instead of the growth pains of advancement. Why? As noted before, organizations tend to die due to one of two causes: Failure to respect its original, declared mission Failure to adapt to changing conditions. In the past, it was a world of […]
Why RStudio?
RStudio is an open-source user interface, designed for data analysis. It is not R. It does interactively access base R and other software such as Python, and has many packages which specialize on data collection, analysis, maps (GIS), graphs (ggplot2), and are used for managing appraisal assignments. Time Adjustments: Click here to access the 21 […]
The Appraisal Institute and Organization Failure?
An organization can decline in one of two ways: 1) Failure to keep to its original mission; or 2) Failure to modify its direction in the face of change. The Appraisal Institute is the historical 1991 merger of the AIREA (American Institute of Real Estate Appraisal) and the SREA (Society of Real Estate Appraisers). Each […]
A New Adjustments Problem?
Why are adjustments a problem? The concept is simple. How does a typical buyer react (with a number), to a particular feature? For example, it seems to be easy to judge a person’s reaction to a house which is, say, 15% bigger. Economists use what is called a preference function to analyze this. This concept is […]
Adjustable Time? pt 21
Time adjustments were often performed after other adjustments, particularly in upward trending markets, according to the December 2024 FHFA Working Paper. Editor’s Note: Read the entire series (so far) here. Some appraisers were avoiding time adjustments, unless needed for another purpose! That purpose is when the appraiser couldn’t match the user-lender’s expectation of value (an “underappraisal”). […]
Recap Time?
A timely recap of Time: The FHFA working paper 24-07 provided four strategies used by appraisers to satisfy the prior Fannie Mae and Freddie Mac Selling Guide requirement for time adjustments. The strategies comprise: Grouped data Paired sales Indexed similar-sales Avoidance Editor’s Note: Read the entire series (so far) here. The Appraisal Institute News Release of […]
Accepted Time? Pt 19
“Other commonly accepted methods” is the fifth and final “acceptable method” per the Fannie Mae Selling Guide, for time adjustments. Editor’s Note: Read the entire series (so far) here. The FHFA working paper 24-07 listed “common strategies” used by appraisers, whether reliable, understandable, or not. The GSE guideline simply notes some acceptable “methods.” “Commonly accepted,” in […]
Paired Sales Time? pt 18
Paired sales is the fourth of five “acceptable” methods for time adjustments, according to the Fannie Mae selling guide. Once again, the method is neither defined nor explained. Editor’s Note: Read the entire series (so far) here. A look at USPAP shows no reference to grouped or “paired sales” as a way to support an opinion […]
Modeling the Time? Pt 17
In this part, we look at modeling, the third “acceptable method.” What kind of a method is “modeling”? That’s pretty broad. Editor’s Note: Read the entire series (so far) here. A common definition of “model” is “a small representation of something.” More formally, it’s “an abstract/logical depiction to improve understanding of prediction.” The Fannie Mae GSE […]
Statistical Time? Pt 16
Statistical is the second “method” mentioned in the Fannie Mae Guideline for time adjustments. Editor’s Note: Read the entire series (so far) here. What does that mean? Is it an actual “acceptable” method? It says so. It must be! Let’s look. The Fannie Mae Guidelines do not explain the word, nor the process. We must look […]