Market Analysis for Real Estate Appraisers – Part 4
This is part four of a 5 - part series on Market Analysis for Appraisers. A new part will appear each day. Thus far we’ve covered the “who, what and when” of market analysis, now lets look at the “where.”
In parts 2 and 3 we collected data on the market and can now develop a basic housing demand model for the Las Vegas MSA. Now it’s time to see where it fits together to develop a housing demand forecast.
This is an employment driven model with 2006 employment based on the current estimates by the Center for Business & Economic Research at UNLV. Use the chart to follow the calculations.
Note: You'll find "step by step" instructions after the chart as this article continues. Also, "click" on the chart to enlarge it. The numbers may be hard to read in some browsers.