New Appraisal Institute Book Supports Development of Market Analysis
August 14, 2014 08:00 AM
CHICAGO (Aug. 14, 2014) – The analysis of real estate markets is a core skill of modern appraisal and is critical for risk management in the marketplace, according to a new book from the nation’s largest professional association of real estate appraisers.
“Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use, second edition” published this week by the Appraisal Institute helps appraisers as they examine a property’s productivity, delineate the market, study and compare supply and demand, investigate market trends and develop a capture estimate for the property being appraised.
“Only an experienced, trained valuation professional can provide dispassionate, unbiased analysis of the supply and demand for a class of property in a specific market and of the marketability of a specific property in that market, which is a key decision-making tool for market participants,” Appraisal Institute President Ken P. Wilson, MAI, SRA, wrote in the book’s foreword.
“Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use” by Stephen F. Fanning, MAI, is a three-part text that presents the principles and techniques of market and marketability analysis, illustrates these concepts with case study applications and explains how the information developed in the appraiser’s market analysis contributes to the highest and best use conclusion and the application of the three approaches to value.
“Market Analysis for Real Estate: Concepts and Applications in Valuation and Highest and Best Use” (ISBN: 978-1-935328-57-5) is a 671-page hardcover book. It is available for $95 ($75 for Appraisal Institute professionals). Call 888-756-4624 or order online.
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The Appraisal Institute is a global professional association of real estate appraisers, with nearly 22,000 professionals in almost 60 countries throughout the world. Its mission is to advance professionalism and ethics, global standards, methodologies, and practices through the professional development of property economics worldwide. Organized in 1932, the Appraisal Institute advocates equal opportunity and nondiscrimination in the appraisal profession and conducts its activities in accordance with applicable federal, state and local laws. Individuals of the Appraisal Institute benefit from an array of professional education and advocacy programs, and may hold the prestigious MAI, SRPA, SRA, AI-GRS and AI-RRS designations. Learn more at www.appraisalinstitute.org.