Market areas and Market Trends

[Terrel L. Shields]

his has been coming for a long time. Fannie/Freddie have been screaming that they aren't seeing time/market condition adjustments.

And they used to punish you for making a time adjustment based upon months.

 

[Fernando]

And they used to punish you for making a time adjustment based upon months.

Yes, I remember so I play their game and adjust to their "linear" thiniking but by my method.

 

[alebrewer]

There's a new(er) app - I think they're still ironing out some of the issues - that actually calculates a monthly market adjustment. App is here:

https://the-adjustments-app.streamlit.app/

Here's what it models with data input:

 

[Fernando]

There's a new(er) app - I think they're still ironing out some of the issues - that actually calculates a monthly market adjustment. App is here:

https://the-adjustments-app.streamlit.app/

Here's what it models with data input:

View attachment 93418

I would say prices stable for past 4 months and then you can adjust months earlier afterwards linearly which reviewers understand.
So many different ways to adjust to simplify for the reader.

 

[Dublin ohio]

I would say prices stable for past 4 months

A 5% increase in 4 months is stable?

 

[Surf Cat]

There's a new(er) app - I think they're still ironing out some of the issues - that actually calculates a monthly market adjustment. App is here:

https://the-adjustments-app.streamlit.app/

Here's what it models with data input:

View attachment 93418

I've never seen this app before. So, you take your downloaded cvs file from your MLS.....let's say 12 months back, within 15% of GLA, within 5 years pre and post year built, in your selected market area, and it spits out the time adjustments table? Does it calculate differences on anything else?

 

[Fernando]

A 5% increase in 4 months is stable?

I wasn't looking at the data but as an example.
From the data, I would not make adjustments for first two months since around 3% is not statistically significant.

 

[alebrewer]

I've never seen this app before. So, you take your downloaded cvs file from your MLS.....let's say 12 months back, within 15% of GLA, within 5 years pre and post year built, in your selected market area, and it spits out the time adjustments table? Does it calculate differences on anything else?

There are several elements of comparison in the CSV drop and you have to provide at least 2 years worth of data, but as best as I can tell from trying to reverse the model, it adjusts for the other elements of comparison prior to estimating market adjustments.

 

[djd09]

No person is allowed to influence or attempt to influence the development, reporting, result, orreview of an appraisal through coercion, extortion, collusion, compensation, inducement,intimidation, bribery, or any other manner including, but not limited to:

 

[Surf Cat]

There are several elements of comparison in the CSV drop and you have to provide at least 2 years worth of data, but as best as I can tell from trying to reverse the model, it adjusts for the other elements of comparison prior to estimating market adjustments.

Wow, I've got to try that out. Thanks!