This week’s post, “Faster! Faster! Have You Noticed?” is written by my good friend and data analyst, Bruce Hahn, SRA, ASA, CRE. Bruce is a past president of the Northern California Chapter of the Appraisal Institute. Find him at BruceHahn.com. The world is changing faster! Technology marches forward. Data is collected about anything and everything. […]
This week’s blog, Is this a Time of Ripeness? is a guest post written by Steven Smith, MSREA, MAI, SRA, AG. See below for a more detailed bio. Appraisal sins are forgiven when the markets are strong, and prices are increasing at double digit rates as they have been. Once prices stop going up, deficiencies […]
Editor’s Note: Are You Using Big Data in Appraisals? is a first-time Guest Post from John Fariss, MNAA. John is the owner of Fariss Appraisal Services located in Bakersfield, CA. He is a frequent contributor to George Dell’s Valuemetrics.Info classes and a Moderator for the Community of Asset Analysts©. Recently John wrote an extensive article […]
Our blog this week, ‘Can Expert Analysis Save Appraisers?’ is a guest post from a long time friend and colleague, Timothy Andersen, MAI, MSc, CDEI, MNAA, The Appraiser’s Advocate. Analysis of what? Save appraisers from what? Clients want more than our opinions. They expect us to gather data, analyze them, and then interpret them. In […]
In Part One we asked why the current definition of market value has been around without change for so long? We focused on item 4 in the current definition of market value which says: “payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto” Editor’s Note: […]
Editor’s Note: This is Part 3 of Bruce Hahn’s series on Is the Definition of Market Value Outdated? In Part One and Part Two we asked why the current definition of market value has been around without change for so long? We focused on item 4 in the current definition of market value which says: […]
More appraisal censorship is here! Have you noticed this new regulation that censors California appraisers and flat out appears to prohibit accepted sound appraisal methodology and practice? Editor’s Note: A Guest Post from Bruce Hahn, CCIM, MAI, SRA Consider California Business & Professions Code Section 11424(a) which says: Licensees shall not base, either partially or […]
Inferential statistics, at its core, is concerned with making inferences about a population based on a sample drawn from that population. It involves analyzing sample data to draw conclusions about the broader population because the broader population is either too large to analyze, unknown, or hypothetical. While invaluable in many scientific disciplines and research contexts, […]
Is appraisal accuracy measured by contract price? A new Guest Post from John Fariss, MNAA, a member of the Community of Asset Analysts. In recent discussions surrounding the accuracy of home appraisals, a critical flaw has emerged in the prevailing narrative: the assumption that the contract price is the correct value of a property. This misconception […]