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Topic: Miscellaneous
Number of pages / Number of words: 10 / 2673
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In one of the few studies of this subject, Cole, Guilkey, and Miles reports the mean absolute difference between a) transaction prices and b) immediately preceding external appraisals for properties in the NCREIF data base to be 9.5% of appraised value. Miles et al. updates the estimate for the mean absolute difference between transaction prices for NCREIF properties and reports appraisal error of 10...


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In one of the few studies of this subject, Cole, Guilkey, and Miles reports the mean absolute difference between a) transaction prices and b) immediately preceding external appraisals for properties in the NCREIF data base to be 9.5% of appraised value. Miles et al. updates the estimate for the mean absolute difference between transaction prices for NCREIF properties and reports appraisal error of 10...


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