Reporting Market Analysis and Better Understanding the New URAR

After completing the program, participants will be able to:

• Discuss the differences between the existing and new URAR.
• Identify potential problem areas of the new report.
• Compare and contrast traditional treatment of various property and economic area description and the recommended method for correctly completing the problematic aspects of the report.
• Demonstrate support for credible opinion for market analysis, trends, and adjustments.
• Identify resources and examples to enhance the reporting of value opinions.

Program Overview:

Program Outline 

Brief overview of new format 

• Neighborhood section removed 
• More detail in the property description sections 

Market analysis—trend analysis 

• Six-step process 

Case studies 

• Downloading (exporting) local focused data 
• Sorting data
• Calculating mean, median, and range of exported data 
• Graphic analysis 

Secondary sources of market trend information 

• Sale/resale of the same property 
• National sources (e.g., National Association of Realtors (NAR), FHFA, Federal Reserve, etc.) 
• State sources (e.g., state Realtor associations) 
• Local sources (e.g., local Board of Realtors, etc.) 
• Building permit data 
• Digging Deeper: Measures of Central Tendency

Assignments:

None.

Equipment:

None.

Requirements:

Important Preclass Download Assignment: For the best learning experience, it is imperative that you download the materials prior to class and come prepared to take notes. You can either print the handbook or bring a laptop with materials saved where they are ready to be accessed.

The following program is highly suggested but not required: The Appraiser’s Guide to the New URAR. Students who have not completed this 7-hour course and/or are not familiar with basic methodology may be left behind.