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The Building Owners and Managers Association (BOMA International) is a trade organization founded in 1907 for commercial real estate professionals. [2] Its mission is to advance the performance of commercial real estate through advocacy, promoting professional competency, standards and research.
An Automated Valuation Model (AVM) is a system for the valuation of real estate that provides a value of a specified property at a specified date, using mathematical modelling techniques in an automated manner. [1] [2] AVMs are Statistical Valuation Methods and divide into Comparables Based AVMs and Hedonic Models.
Click here for real estate and housing market news, reports, and analysis to inform your investing decisions. Read the latest financial and business news from Yahoo Finance. Show comments.
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Indeed, the construction industry is among the largest employers of immigrant workers, and Trump's promises of a crackdown on immigration could further tighten the labor supply for the industry.
Here's a look back at 2012's major developments in residential real estate -- along with insight on what lies ahead for the housing market in 2013. %Gallery-173886% Show comments
Days on market (DOM, alternatively active days on market, market time, or time on market) is a measurement of the age of a real estate listing. The statistic is defined as the total number of days the listing is on the active market before either an offer is accepted or the agreement between real estate broker and seller ends.
Selling a home requires you to navigate a fluctuating real estate market — and if you happen to sell when supply outpaces demand, you may get much less for your home than you were expecting.