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Markets, Neighborhoods and Subdivisions Part I

CP Home Appraisals

The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. For instance, the Medical Center market area in Houston is considered a market area. A market area usually consists of many neighborhoods.

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Markets, Neighborhoods and Subdivisions Part I

CP Home Appraisals

The more we review appraisals, the more apparent it becomes that many appraisers in Houston are confusing the terms Market and Neighborhood. For instance, the Medical Center market area in Houston is considered a market area. A market area usually consists of many neighborhoods.