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