CHICAGO (Nov. 10, 2022) – Accurate data is key for appraisers to ensure timely, accurate market analysis especially in times when markets are in flux, according to an article published this week in The Appraisal Journal.
The Appraisal Journalis the quarterly technical and academic publication of the Appraisal Institute, the nation’s largest professional association of real estate appraisers. The materials presented in the publication represent the opinions and views of the authors and not necessarily those of the Appraisal Institute.
“Market Analysis Data Sources in Residential Appraising,” by Mark Ratterman, MAI, SRA, discusses why data is important to residential appraisers in their analyses and what data sources are available to help ensure a timely and accurate market analysis. The article supplies links to readers to enhance their research.
Read “Market Analysis Data Sources in Residential Appraising” in the Summer 2022 issue of The Appraisal Journal.
The issue also contains a new Economic Perspectives column titled, “The Challenge of Inflation for Real Estate Professionals,” by Hugh F. Kelly, which looks at the valuation challenges of inflation for real estate professionals. It offers insights on factors currently at play in the economy, especially the implications of government-related inflation policies.
“Using the Lum Library Research Features,” by Eric. B. Goodman, is a companion piece that leads readers through the research processes of the Lum Library, ensuring that appraisal professionals optimize their use of the library’s repository of information resources and 90 years of Appraisal Institute knowledge.