New Article: Bob Grace, “Assessing Change in Market Value of Rural Real Property Post-Wildfire in the Great Plains” (Appraisal Journal)

Check out this recently-published article by colleague Robert (Bob) Grace, MAI (with co-authors David Engle, Ph.D., and Thomas Hennessey, Ph.D.), “Assessing Change in Market Value of Rural Real Property Post-Wildfire in the Great Plains” in the latest issue of the Appraisal Journal.

Here’s the Abstract:

This article provides a framework for assessing change in rural real property values after a wildfire. The research literature addresses some of the impacts on real property, but the specific effects of wildfire on rural property values are underexplored. This article fills that gap by offering a systematic approach, using recognized professional methods to analyze highest and best use, identify the need for additional experts, and assess market expectations post-wildfire. It also addresses potential mitigation strategies, offering practical guidance for property owners, insurers, and policymakers.

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Still can’t access? Ping Bob directly and he can help.