Is traditional appraisal theory different from modern analytics theory? This Modernizing Appraisal series is about the analysis process, not FannieMae and FreddieMac reporting requirements. The process is identical: 1) The problem; 2) The data; 3) Predict or adjust; 4) Communicate. We continue here on #1 – defining the problem to be solved. Read the earlier parts […]
The Stats, Graphs, and Data Science classes are appraisal science. Why should an appraiser care about appraisal science? Is there an art part? Or is it a hybrid? The appraiser’s future is appraisal science, and sharpened judgment with AI assistance. Appraisal science: Appraisal is an opinion of value, or commonly, “the report.” Science is a […]
Intelligence appraisal does not appear in a vacuum. The process follows the same sequence as does the traditional paradigm. The difference is in the tools, the technology, AI, and a sharpening of judgment in the underlying econometric theory. Intelligence Appraisal incorporates Evidence Based Valuation – EBV. Appraiser experience in legacy routine and thinking are the […]