Remove 2005 Remove Construction Remove Inventory Remove Real Property
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Uncertain future, forgetting the past

Annarbor Appraisal

In it I included a year over year chart of all sales through the local MLS back to 2005. This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Houses in blue, condominium units in orange, new construction included. Year to year trends. What happens if it only tops 15%?

Buyers 78
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NAR Member Survey on Appraisal Data Collectors

Appraisal Today

When I started in this business long ago, there was no such thing as a licensed appraiser or a certified real property appraiser. I never had more than one assistant and no appraisers after that, and finally quit doing lender residential appraisals in 2005. Certification and licensing simply didn’t exist. That is the question!!