Residential Appraising in a Declining Market

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APB Valuation Advisory #3: Residential Appraising in a Declining Market

APB Valuation Advisory #3: Residential Appraising in a Declining MarketThe Appraisal Foundation is pleased to announce that the Appraisal Practices Board (APB) has adopted “APB Valuation Advisory #3: Residential Appraising in a Declining Market.” The APB is an independent Board of The Appraisal Foundation, which is responsible for developing voluntary guidance on recognized valuation methods and techniques.

APB Valuation Advisory #3: Residential Appraising in a Declining Market, includes guidance on:

  1. How Should an Appraiser Define a Declining Market?
  2. What Databases are Available to Support a Market Trend Conclusion?
  3. What are Some Alternative Value Definitions?
  4. Defining a Market vs. a Neighborhood
  5. Verification of Data
  6. Support for Adjustments
  7. Integration of the Opinion of Market Trends into the Appraisal Analysis
  8. Using Statistical Tools to Develop a Rate of Change in the Market

To view a copy of the APB Valuation Advisory #3: Residential Appraising in a Declining Market please visit the following link on the Foundation web site:

Questions? Please contact Staci Steward, Practices Administrator, at 202.624.3052.

~ Source: The Appraisal Foundation, a Congressionally authorized non-profit organization established in 1987, is dedicated to the advancement of professional valuation. The Foundation accomplishes its mission through the work of its three independent Boards: the Appraisal Practices Board (APB), the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB). More information on The Appraisal Foundation is available at www.appraisalfoundation.org.

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