This product is a recording of the Appraisal Institute webinar that was conducted on December 18, 2014.
Once the Appraisal Institute confirms your payment, you will receive an e-mail containing a link to the webinar recording.
Please note: The interactive features of the webinar (e.g. poll/survey questions and the final evaluation) are NOT available in the recording. Appraisal Institute continuing education credit is NOT available for viewing the recording.
One Step Further: Implementing Guide Note 12 - Analyzing Market Trends
Date: December 18, 2014
Duration: 2 hours
The guide note suggests that, beyond a single point-in-time value opinion, the appropriate scope of work for an assignment may require an appraiser to provide an opinion regarding the sustainability of the value. In that way, the appraisal becomes a more valuable tool in boom and bust periods, or even in more typical market cycles.
An appraiser with a solid understanding of real estate market cycles still can reasonably make predictions about the future direction of the market.
This webinar incldes the following topics:
- Market cycles and tools that appraisers can use to identify and report where in the cycle a market is on the valuation date.
- Concepts including entrepreneurial incentive, frictional vacancy, feasibility rent, equilibrium rent affordability analysis, fundamental market analysis and capital market analysis.
- Ways in which the tools can be used to add an additional dimension to appraisal work, without spending an inordinate amount of time.
M. Lance Coyle, MAI, SRA, 2014 President-Elect Appraisal Institute
Stephen F. Fanning, MAI, AICP, CRE, SGA , Principal, Fanning & Associates
Kerry M. Jorgensen, MAI, President, Jorgensen Appraisal, Inc.