The Absorption Rate is an estimate of the expected annual sales or new occupancy of a particular type of land use, providing a measurement of how quickly available real estate inventory is being sold or leased.
An extraordinary assumption is an essential presumption made in an appraisal that, if proven false, would render the value opinion erroneous. It is crucial for scenarios where certain hypothetical or uncertain conditions affect the overall appraisal outcome.
A feasibility study is a detailed analysis aiming to determine the viability, risks, and profitability of a proposed real estate development, ensuring that the project fulfills investors' objectives and aligns with market demand.
A technique within market analysis to estimate future demand for a property based on recent trends and projections.
