- Feb 8, 2004
- Professional Status
- Certified Residential Appraiser
On page 1 of the 1004UAD what do you consider when checking the One-Unit Housing Trends box? For example, if a market showed an increase in value for the first 6-8 months of 0.05%/mo but has since stabilized and is stable what box to you check? I had a situation were I made a time adjustment for a dated comparable property and explained the time adjustment in the addendum and stating that the market has since stabilized. Apparently, the client/lender wants me to mark the Increase Box on page 1. However, I believe that could be interpreted as misleading since the market has been stable for the past 4-months. What say you.