Census Tract Info Used Against Appraisers

ā€œCensus tract boundaries do not necessarily define the subjectā€™s marketā€¦ā€ Appraisers, of all the issues Iā€™ve written about or questioned since 2006, this topic about your knowledge of, and concern about, Census Tracts has overwhelmingly been the largest response ever, several hundred within just a few hours of posting!Ā  To refresh, the questions were these: Do you know where the Census Tracts boundaries are in the areas you work? When you research and select comparables for your reports, do you pay any attention to Census Tracts? Do you know the racial composition of Census Tracts in the areas you work?...

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