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 Millennium - Due Diligence & Scope of Work, 3rd Ed.
David Braun, MAI, SRA has been working with the a la mode, inc.'s Labs Project on the development of a new Market Conditions Analysis (MCA) form that runs in Excel.
This webcast is the third 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 third webcast David talks about what defines a "Market Bubble" in his down-home Tennessee style. Here's an excerpt:
"Now the best way that I can describe what happens is by telling you a story about when I was young. We used to have these little balsa wood gliders that we would throw. And, you could set the wings up and back. And, depending on how you set the wings on those, they could go up . . .or they could go down."
"Occasionally, we'd set the wings so far to one side that when we threw it, it would go up, and then it would stall . . . and down it would come! "
"So that's what I think about. As soon as the activity slows down. . . as soon as that "plane" that's going up slows down, the nose goes up and BOOM! Right down on its tail! An that's what a lot of "Investors" have done now."
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 Millennium - Due Diligence & Scope of Work, 3rd Ed.
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