1.As a certified residential appraiser, one of the many areas we analyze during an assignment is the market conditions. Appraising in the Radcliff, Elizabethtown, and Louisville markets over the past year has shown generally stable market conditions. However, I have come across several pockets of declining neighborhoods, and some of them may shock you. I'm seeing enough high end neighborhoods or recently constructed subdivisions with flat or declining property values that cause a little flag to go up when I get an assignment in one of these areas.
As an appraiser, I sometimes do the Mexican hat dance between appraising real estate, machinery, or providing other valuation services. One thing I do not do is provide advice on matters of finance. The following special report from Voice of Appraisal does a nice job of giving people a "heads up" about the future of our financial markets. Thanks Phil for digging up this interview with Richard Fisher and posting it on your show.