A Timeline of U.S. Home Building Values (DJUSHB)
While many Americans watched CNN and other news media cover the 1,500 point drop in the Dow Jones during the second week of October, the Dow Jones U.S. Home Construction Index (DJUSHB) had already lost 78.1 percent of its value from its high-water mark. That's right: On July 20, 2005, DJUSHB was trading at 1120.47; on Jan. 9th, 2008, it was trading at 245.76, nearly the equivalent of four ...
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Real Estate Appraisals
Real Estate Appraisals
An appraisal is an opinion or estimate of the value of real estate. It is an evaluation determined by someone qualified to estimate the value of real property.
Who determines who's qualified? Two different trade organizations: The Appraisal Institute (a merger between The American Institute of Real Estate Appraisers & The Society of Real Estate ...
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