Those of you who took statistics in college probably remember the class with varying degrees of fondness. Personally, I loved my statistics class. I realized at the time that multiple linear regression was the perfect tool to quantify the effect of various property characteristics on the overall value. The theory of statistics is the mathematical … [Read more...]
Commercial Appraisals: Art or Science?
An appraisal is an opinion of value derived from the market. The three major methods used to formulate an opinion of value (the cost, sales comparison, and income approach) each relies on data derived from the market. Broadly, various elements of comparison are extracted from market oriented transactions, compared with the property under … [Read more...]
Top Ten Cities in Kentucky
This final post will conclude my analysis of the trends for the top ten most populous cities in Kentucky. In previous posts we have considered the three most important factors that affect demand for commercial real estate - population, employment, and income trends. The chart below summarizes the trends in these three characteristics for each of … [Read more...]
Population Growth Rate Trends in Kentucky
Kentucky Population Growth Rate Trends I have undertaken the task of analyzing Kentucky's top ten Cities. As I stated in my previous blog post, one of the three most important demographic characteristics to consider when evaluating an investment decision is the growth of the local population. Providing you with a picture of the population growth … [Read more...]
Multifamily Apartments in Elizabethtown, Kentucky
In the process of pursuing my MAI designation I am working to evaluate the supply and demand for apartments in Elizabethtown. To date, I have identified 69 apartment projects and around 1,500 individual units. This, my friends, is a monumental task...now back to work! Russell Photo Credit … [Read more...]
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