Riick
Elite Member
- Joined
- Aug 14, 2007
- Professional Status
- Certified Residential Appraiser
- State
- Delaware
I learned - back when I was a "research analyst"- that 99.44% of people understand plus, minus, average, and percentage - up and down.Do you think there's an audience for that level of analysis? My sense of the reader of your average mortgage related appraisal report is that they're not interested in, and perhaps not even intellectually capable of absorbing, much beyond "see, prices are decreasing", and "see, there's more listings and fewer sales", at that point they're happy that you checked the correct boxes on page 1 and they move on. I agree there's probably some merit in the appraiser doing that analysis for their own edification, but I'm not sure its ready for the loan processors.
Give 'em a median, a mode, a standard deviation, or a T-test, and watch their eyes roll.
If a good statistical analysis makes your day, go for it, but don't expect sophisticated stuff to carry any weight with most people.
You can present it ....but then joo hav' to 'splain it.

No fun.
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