An occasional series that recommends useful websites to our readers as discovered by Property Assessment authors or suggested by readers.
Finding the Best the Internet Has to Offer
Bloomberg News, Industries, Real Estate
http://www.bloomberg.com/news/industries/real_estate.html
Professional property assessors are required to keep current with an ever changing real estate market. While that last three years have emphasized this fact, monitoring real estate trends and markets is a tradition in property assessment where cyclical reassessments are mandated by state tax law. Keeping up with changing markets is a challenge during normal market conditions, and exceptionally time consuming in today's market. At the present time we find ourselves concerned with residential property foreclosures and declining values for income-producing properties where vacancy rates, rental concessions, capitalization rates, and other factors must be carefully observed. Bloomberg News - Real Estate has proven to be a reliable source for monitoring the market.
Accessing their website on October 27, 2009, featured news included Case/Shiller, Goldman Sachs Group, Inc., and Bank of America Merrill Lynch Global Research reports on the residential market, and two stories related to the commercial property mortgage market.
Stand on the Shoulders of Giants
According to their website, Bloomberg News has more than 1,500 professionals in 145 bureaus. They publish over 6,000 stories on the average day, syndicating to over 450 newspapers worldwide.
I highly recommend this site to the busy property assessor who wants to keep up with key issues affecting real estate valuation in today's market.
Fantastic links!! Thanks for posting those.
Deirdre G
Posted by: real estate in Philippines | November 11, 2009 at 01:51 AM