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Neighborhood Housing Trends

In most appraisal reports there is a section that describes neighborhood trends. Many times you will see boxes like the ones above. These boxes are used to describe the current market conditions in the neighborhood of the home that is being appraised. These boxes are a convenient way of reporting the appraiser's findings. Typically this information is derived from the neighborhood that is defined in the appraisal. Some appraisers may be apprehensive about checking certain boxes that indicate either positive or negative trends or checking a certain combination of boxes. Why? They may be afraid that if they check a certain combination of boxes, an underwriter or review appraiser is going to te

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