Webcast Author: David A. Braun, MAI, SRA (President, Braun & Associates, Inc.) has been actively engaged in real estate appraisal, review, and consulting since 1976. David is also the author of Appraising in the New Millenium - Due Diligence & Scope of Work, 3rd Ed.
This webcast is the second in a three-part series that will be discussing:
- Why do appraiser's need to do a Market Analysis? (Part 1)
- What is a Market? (Part 2)
- What is a Bubble in the housing market? (Part 3)
- What are some methods of performing a market analysis?
In this second webcast David talks about what defines a "Market" and what components comprise the "Health" of the market.
"What is the health of the market? Well, health has to do with something's ability to function and carry out its job!. The job of a market, a real estate market, is to bring buyers and sellers together."
"Now, when a doctor talks about your health, a doctor will take "vitals". They take your pulse, your blood pressure, your temperature. They may do all kinds of things to you that you don't want to do, but they have some specific vitals that they check."
"What are the "vitals" that you can check to see if a neighborhood is healthy?"
Webcast Author: David A. Braun, MAI, SRA (President, Braun & Associates, Inc.) has been actively engaged in real estate appraisal, review, and consulting since 1976. See prior David Braun article: Excel Regression Analysis Add-on Module (Beta)