NAR's Economists' Outlook: State by State estimate of Shadow Inventory
Check out the link to the full article. Interestng stuff.
Official blog of Chip Wagner, SRA, ASA, IFA, SCRP, president of A.L. Wagner Appraisal Group.
Check out the link to the full article. Interestng stuff.
BATHROOM COUNT
Per GSE UAD Appendix D 1.1 Field-Specific Standarization Requirements, "The appraiser must enter the total number of full baths and partial baths above grade. A three-quarter bath is to be counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are not to be included in the bathroom count. The number of full and half baths must be entered, separated by a period. The full bath count is represented to the left of the period. The half bath count is represented to the right of the period."
Tip: The guidance instructs the appraiser to use specific treatment of bathroom counts: "the count of ‘full’ bathrooms to the left of the period and the count of ‘half’ bathrooms to the right."
For example:
1.1 = One full bathroom (toilet, sink, shower) and one half bath (just a toilet and a sink)
2.3 = Two full bathrooms (both have toilets and sinks--one has a tub, the other a shower.) and three half baths
2.0 = Two full bathrooms (Commentary would be used to capture other non-conforming details that do not qualify as a half or full bath, such as, "The house has a sink in the garage and a toilet in the basement.")
The biggest house I have appraised? 8.3 baths.
Our MLS has followed this for many years. I guess my days of writing my appraisals "old school" are over.