We propose newly developed unsmoothing techniques for appraisal-based real estate returns based on a regime-switching Threshold Autoregressive (TAR) model. We show that when true returns follow a TAR process, conventional linear autoregressive technique are misspecified and underestimate true...

Intro -- INSIDE REAL ESTATE -- Contents -- About the author -- Acknowledgements -- Introduction -- Part I: Mastering property -- The real estate game -- 1 Who can you trust? -- 2 The modern real estate firm -- 3 Will real estate agents have their Uber moment? -- Redefining the agent's role --...