Quality Data Crucial for Residential Appraisal Assignments: The Appraisal Journal

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CHICAGO – RealEstateRama – 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 Journal is 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.
The Appraisal Institute, celebrating its 90th anniversary in 2022, is a global professional association of real estate appraisers, with over 16,000 professionals in almost 50 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.

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Brent Roberts
O 312-335-4441

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