- Видео 11
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Texas Valuation Professionals, Inc.
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Добавлен 12 фев 2019
Texas Valuation Professionals, Inc. provides residential real estate valuation services in the Dallas/Fort Worth area. Brent Bowen also provides training for appraisal professionals, with two classes offered currently. The first is Creating Formulas That Work, offered through Appraiser eLearning. The second is Advanced Residential Solar Valuation which is currently offered periodically through small group instruction on Zoom.
Market Conditions 5 - A Cautionary Tale
This video provides a little more context around the word of caution at the end of video 4 in the Market Conditions series. A demonstration of the dangers inherent in making your data fit the math instead of your math fit the data.
Просмотров: 67
Видео
Market Conditions 4 - Filtering, Modeling, and Smoothing
Просмотров 28916 часов назад
Using a custom MLS export to deal with market conditions changes. Filtering, modeling, and smoothing transform data into charts and graphs which give the appraiser actionable insights (aka, support for time adjustments).
Market Change Video 3 - Introduction to Indexing Tool
Просмотров 516День назад
This is the third video in a series of short training videos on handling market condition analysis for real estate appraisals.
Market Change Video 2 - Trend Validation Q&A
Просмотров 599День назад
This is a follow up to my video demonstrating trend validation through benchmarking. This addresses some specific questions which lead to a discussion of the reasons why prices change.
Market Conditions Video 1 - Trend Validation/Benchmarking
Просмотров 1,1 тыс.День назад
This is the first video in a series where I discuss the analysis of market change in real estate appraisal. This video explains the technique of trend validation through benchmarking.
Creating Formulas That Work - The Big Picture
Просмотров 15411 месяцев назад
I created this video to help give prospective students a large conceptual overview of what I hope to accomplish through the class. The class is offered for 7 hours of Appraisal CE through Appraiser eLearning.
Pt 4 - Solar Contributory Value - Cost, Reconciliation, and Demo
Просмотров 5811 месяцев назад
This is the 4th and last video in a series of videos where I discuss specific issues related to the estimation of the contributory value for residentially installed solar PV systems.
Pt 3 - Solar Contributory Value - Market Reaction
Просмотров 2611 месяцев назад
This is the 3rd in a series of videos where I discuss specific issues related to the estimation of the contributory value for residentially installed solar PV systems.
Pt 2 - Solar Contributory Value - GRM Consideration
Просмотров 3011 месяцев назад
This is the 2nd in a series of videos where I discuss specific issues related to the estimation of the contributory value for residentially installed solar PV systems.
Pt 1 - Solar Contributory Value - Comparing Income Metrics
Просмотров 67Год назад
This is the first in a series of videos where I discuss specific issues related to the estimation of the contributory value of solar PV systems for residential properties. For more information, see www.txvaluepro.com
Preview - "Creating Formulas That Work"
Просмотров 119Год назад
This video provides a sneak peak into the content that you can expect in "Creating Formulas That Work" through Appraiser eLearning.
Brent, I took your course and I am using your spreadsheet. I am so grateful for your leadership and expertise! I have already learned so much, and I am confident in using this robust technique/system to support my reports! I highly recommend.
How many observations do you have each month, particularly for the zip code? Is it enough to be statistically significant? I hope everyone understands you have to have enough observations per month or period to ensure that it is statistically significant for that zip code. This is something I am running into in my area and I am sure there are a lot of others in the same situation. The chart that Fannie Mae put out was a relationship between two months--such as the percentage change from April to May but that does not tell you percent change from April to current.
Sample size is definitely an important factor. The more observations the better, of course. The number and quality of observations impacts the extent to which the appraiser can judge results to be reliable. No matter how large the data set, the results are not going to be 100% reliable. That is why the appraiser's judgement is key to the interpretation of any result.
Good stuff. I have 2 questions. I. How did you determine your modeling factors? 2. Can you further explain the smoothing factor? Thank you :)
That will be a bit of a longer conversation (the short answer is whatever modeling factors minimize the overall variance of your data set - which can be seen visually and in the measure of standard deviation). In the next few days I'll be making my updated training available which will go into detail on those things. Keep an eye out!
@@texasvaluationprofessional9548 that makes sense. I look forward to the next video. Thank you!
I'm loving these videos, Brent! Thanks so much for sharing them with us!
Thanks, Julie!
Great stuff Brent. Appreciate you sharing your knowledge and workflow.
Brent, thanks for the video's. When you look at the charts, do you ever use the 12 month rolling average instead of the 3 year monthly information? Look forward to seeing you at the ACTS Conference.
No. That isn't very useful for capturing shifts in the market. Especially because I use the CSV data for more detailed analysis, I want to keep everything on a monthly basis.
As a computer scientist that works with researchers: I've been repeatedly told by physicists and mathematicians that they are "equations" not "formulas." ... the physicists usually say something along the lines of "I'm not a chemist/cook" and the mathematicians just look at me like I'm an 8 year old being silly continue to call them equations and never formulas. I got hired to consult for a cloud computing symposium with Snowflake and several of their potential customers as well as some big data consultants and I was amazed at how much consumer end data is just ignored or unused. There was a vendor there that was almost as big as craigslist, had years of consumer data, and had done nothing with it at all.
'Equations' is more precise language in the area of mathematics. All equations are formulas, but not all formulas are equations.