Real Estate Valuation Theory

Section I: Appraiser Decision Making and Valuation Accuracy.- 1. Behavioral Research into the Real Estate Valuation Process: Progress Toward a Descriptive Model.- 2. Are Appraisers Statisticians?.- 3. The Components of Appraisal Accuracy.- Section II: Regression, Minimum-Variance Grid Method, and Other Valuation Modeling Techniques.- 4. An Investigation of Property Price Studies.- 5. Comparison of the Accuracy of the Minimum-Variance Grid Method and the Least Squares Method — a Non-Linear Extension.- 6. Error Trade-offs in Regression Appraisal Methods.- 7. Automated Valuation Models.- 8. A Note on the Hedonic Model Specification for Income Properties.- 9. Neural Network vs. Hedonic Price Model: Appraisal of High-Density Condominiums.- Section III: Appraising Contaminated Property.- 10. Comparative Studies of United States, United Kingdom and New Zealand Appraisal Practice: Valuing Contaminated Commercial Real Estate.- 11. Hedonic Modeling in Real Estate Appraisal: The Case of Environment Damages Assessment.- 12. Do Market Perceptions Affect Market Prices? A Case Study of a Remediated Contaminated Site.- Section IV: Property Tax Assessment.- 13. Valuation of Land Using Regression Analysis.- 14. Grid-Adjustment Approach — Modern Appraisal Technique.- Section V: New Perspectives on Traditional Appraisal Methods.- 15. The Unit-comparison Cost Approach in Residential Appraisal.- 16. The Long-run Equilibrium Relationship among Equity Capitalization Rates for Retail, Apartment, Office, and Industrial Real Estate.- 17. A Fuzzy Discounted Cash Flow Analysis for Real Estate Investment.- 18. Real Options and Real Estate: A Review and Valuation Illustration.