(SOLVED) The appraisal-based real estate index has a major problem of
Type of Paper: Question-Answer
Academic Level: Undergrad. (yrs 1-2)
Paper Format: APA
Pages: 1 Words: 53
The appraisal-based real estate index has a major problem of
lagging the true value of the underlying real estate market
ignoring transactions and relying only on discounted cash flow appraisals.
using only comparable sales values which are stale.
focusing too much on future values and ignoring historical trends.
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