Insanity Series

Fun insanity — time adjustment requirements made simple.  A concise market conditions guide and summary. Let’s outline the new GSE requirements: Time “adjustments” will be a required field, even if exactly zero! (Zero is a number.) Time-series analysis is an established method in economic measurement. The appraisal challenge is the varying relevant data sizes. The […]

Time “adjustment” is not really about time (or so they say).  It’s about changed market conditions since the time of the comparable sale.  This wording works fine for legacy appraisal practices. The modern, data-centric, data science approach is clear that the market conditions are measured at points in time (or a continuum of time).  Thus, […]