MARKET_TREND

Description
Information regarding the sales activity, historic prices and other facts about the trends for a defined market area.

Type : MARKET_TREND

Definition
Information regarding the sales activity, historic prices and other facts about the trends for a defined market area.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
MarketTrendPeriodTypeSpecifies the date range of the real estate market analysis.Specifies the date range of the real estate market analysis.
MarketTrendsAdverseFinancingIndicatorIndicates that a trend toward adverse financing conditions is occurring.A data type of Indicator SHOULD identify a data point that represents a boolean value. The value choices SHOULD be "true" or "false" but MAY be "1" or "0". EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true".
MarketTrendsForeclosureActivityIndicatorIndicates whether the REO or foreclosure activity is significant.A data type of Indicator SHOULD identify a data point that represents a boolean value. The value choices SHOULD be "true" or "false" but MAY be "1" or "0". EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true".
MarketTrendsHistoricAnalysisCommentDescriptionA free-form text field used to describe or analyze the historic trends and factors relevant to forecasting the sales price of a property.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
MarketTrendsHistoricPricesTypeSpecifies the historic trend of sales prices in a neighborhood (e.g. Increasing, Stable, or Decreasing).Specifies the historic trend of sales prices in a neighborhood (e.g. Increasing, Stable, or Decreasing).
MarketTrendsInterestRatesTypeSpecifies the mortgage interest rate trend (e.g. Decreasing, Stable, or Increasing).Specifies the mortgage interest rate trend (e.g. Decreasing, Stable, or Increasing).
MarketTrendsReconciliationCommentDescriptionA free-form text field used to describe or analyze the anticipated trend of market conditions and prices during the marketing time of the prospective subject property.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
MarketTrendsSalesActivityTypeSpecifies the sale activity trend of properties similar to the subject property (e.g. Decreasing, Stable, Increasing).Specifies the sale activity trend of properties similar to the subject property (e.g. Decreasing, Stable, Increasing).

Attributes
label

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\ASSETS\ASSET\OWNED_PROPERTY\PROPERTY\MARKET