Barn Moving in Nebraska

Submitted by Rick Olson (MLG)News report from Bruno , NE  In 1981, Herman Ostry and his wife, Donna, bought a farm a half mile outside of Bruno , Nebraska , a small community sixty miles west of Omaha .The property had a creek and came with a barn built in the 1920’s. The barn floor […]

Looking For Trouble

Estimated values can be reviewed in a variety of ways including scatter plots, GIS mapping and stratification analysis.  Extreme data may create visible problems. Sample scatter plot-sale ratios versus effective age: Here the variation in the oldest (+100 years) properties compares reasonably well to the more typical 50 to 60 year ages. Sample GIS mapping: […]

On the Edge

Part 1: In the Land of Extreme Data Extremes challenge valuation models. We have to be conscious of data extremes in the property inventory: They may deserve review. They may deserve exclusion from sales modeling. They may even deserve attention in model variable design or coefficients.   Have you ever wondered what local data extremes […]