Solve Bias with Market Analysis? Pt 1
First, note that the time adjustment is core to market analysis. It is not about “comparing comps.” It quantifies two things. The change in: 1) the value of the dollar and, 2) market segment price levels. Reference: FHFA Working Paper 24-07: Disparities and Time Adjustments, the paper by William Doerner and Scott Susin (FHFA) relates […]