市場(chǎng)下跌時(shí),如何評(píng)估住宅房地產(chǎn)(存儲(chǔ)版)
【正文】 例69China Institute of Real Estate Appraisers and AgentsCase Study 1 This data is sorted by the location in the building (view amenity). The units are all the same size. What is the trend in property values? Would a graph help illustrate this?70China Institute of Real Estate Appraisers and AgentsCase Study 1 Graph based on View Amenity71China Institute of Real Estate Appraisers and AgentsCase Study 2 – Assuming 6 months supply is standard, is this market oversupplied?72China Institute of Real Estate Appraisers and AgentsCase Study 3 – Sale and resale of the same properties. What is the market trend?Case Study 4 – Using the data provided what is the market trend?Case Study 4 – Analysis of DataCase Study 4 – Analysis of Data謝謝觀看 /歡迎下載BY FAITH I MEAN A VISION OF GOOD ONE CHERISHES AND THE ENTHUSIASM THAT PUSHES ONE TO SEEK ITS FULFILLMENT REGARDLESS OF OBSTACLES. BY FAITH I BY FAITH。 it occurs because the lowerpriced homes are more negatively affected by higher interest rates. Page 56566China Institute of Real Estate Appraisers and Agents167。 The table on the next slide shows various items for consideration when using the sale and resale of the same property as an indication of market conditions.Tools—Analysis of a Sale, Resale of the Same PropertyPage 45762China Institute of Real Estate Appraisers and AgentsAnalysis of the Sale and Resale of the Same PropertyPage 45863China Institute of Real Estate Appraisers and Agents Slide Example—Analysis of Comparable Sales History167。 It should also be pointed out that when concessions are more mon, the list to sale price ratio will be skewed. 167。 The actual address of the property is 2929 West Southlake Boulevard. 167。 Two more tools used by appraisers are days on market (DOM) and list price to sale price ratio for units sold in a specific market. 167。 If the parable sales used in an appraisal are recent, they would already reflect the impact of such a market. 167。 The subject property is improved with a twostory house built in 1997 with a full basement and an attached twocar garage.167。 Assess the attributes of the subject. 167。 This requires the appraiser to identify the market and any submarkets. 167。 Are the same market conditions applicable to all munities within the same region of a province? 167。 The rates generally decline in 1982–1983, 1986, 1994, and 1999–2023. Page 21817China Institute of Real Estate Appraisers and AgentsContract Rate on 30Year FixedRate Home Mortgages n An applicant who qualifies for a ￥ 1,000 per month mortgage payment at a 6% interest rate could borrow ￥166,.n At %, that same applicant could borrow only ￥81,. n Higher interest rates inhibit demand because buyers do not want to pay higher ratesn Buyers may even choose to wait for lower rates. 18China Institute of Real Estate Appraisers and AgentsNational Association of Realtors (NAR), national database of sales and listings19China Institute of Real Estate Appraisers and AgentsMedian Sale Price Existing SingleFamily Home Sales (NAR)20China Institute of Real Estate Appraisers and AgentsMedian Sale Price Existing SingleFamily Home Sales (000’s omitted)21China Institute of Real Estate Appraisers and AgentsExisting SingleFamily Home Sales (NAR)Page 22022China Institute of Real Estate Appraisers and Agents Slide All State Data (NAR)City Median Sale Price Trends24China Institute of Real Estate Appraisers and Agents?Tracking Building Permits can give a clue to a change in demand in the beginning of a downturn market. If the market has changed for a while permits bottom out and then are not a good clue. 25China Institute of Real Estate Appraisers and Agents? Tracking Building Permits from Dept. of Commerce. 26China Institute of Real Estate Appraisers and AgentsNew Privately Owned Housing Unit Permits x 1,00027China Institute of Real Estate Appraisers and AgentsWhat Kind of Markets Exist?The first market in this graph is a volatile one where large increases in prices occur and then large declines. 28China Institute of Real Estate Appraisers and Agents“Although this general data is interesting, how can it be applied to appraisal practice?”nWhen bined with data from other markets, cannot be used to discern local market conditions.nAppraisers can rely on these data sources to help identify a change in market conditions that COULD be happening locally. nThis is excellent data for underwriters who review appraisals throughout China.nIt is possible for a local market to be substantially different due to changes in employment, housing, or even school ratings. nThe local market data may be misleading if the statistics are not calculated on an ongoing basis. Relevance of General Data to Local Appraisers29China Institute of Real E
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