Construct · 1 fields · 1 citations

appraisal smoothing: a standalone construct

One name. One construct. A landmark on the map.

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Real estate

appraisal-based property returns being less volatile than, and lagging, true market values because appraisers partly anchor on past values.

In real estate, appraisal smoothing refers to appraisal-based property returns being less volatile than, and lagging, true market values because appraisers partly anchor on past values. This meaning comes from Geltner (1991) in The Journal of Real Estate Finance and Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

being3 fields · 3 citationsjingle · one word, three constructs estate2 fields · 2 citationsjingle · one word, two carriers market3 fields · 5 citationsjingle · one word, three constructs

References

Geltner, D. M. (1991). Smoothing in appraisal-based returns. The Journal of Real Estate Finance and Economics, 4(3), 327-345. https://doi.org/10.1007/bf00161933

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