The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with...

"Residential Property Appraisal, Volumes 1 & 2 are essential handbooks not only for students studying surveying but also for surveyors and others involved in the appraisal of residential property. Volume 1 has been updated and covers the valuation process as it relates to residential properties."

The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with...

This is a classic practitioner's handbook for surveyors involved in the appraisal of residential property for lending purposes. Thus, it will focus on the distinct professional roles required by Mortgage Valuations (MVs) amd Home Buyers Surveys

Home appraisals are produced for millions of residential mortgage transactions each year, but appraised values are rarely below the purchase contract price: Some 30% of appraisals in our sample are exactly at the home price (with less than 10% of them below it). We lay out a basic theoretical...