Clients continue to require more market analysis be included in appraisals. That said, appraisers are not expected to be prognosticators and cannot foretell the future. Through a selection of comparable sales including listings and pending transactions, as well as whether they reconcile their opinions to the lower or higher end of the range of values, appraisers are able to convey to the intended users their understanding and opinion as to what direction the market
Going to Extremes
Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies