FHFA Publishes Transparent, Aggregate Data on Appraisals
The Federal Housing Finance Agency (FHFA) today published its 2023 first quarter data for the Uniform Appraisal Data (UAD) Aggregate Statistics Data File that will allow the public to visualize and analyze national, state, regional and local trends in appraisal values.
The UAD Aggregate Statistics Data File and Dashboards, which are the nation’s first publicly available dataset and tools for aggregate statistics on appraisal records, was first released in December 2022 and will be released quarterly moving forward.
The dataset and tools enable users to gain an understanding of how appraised values differ among neighborhoods and property characteristics, including data on the differences between appraised home values in minority neighborhoods compared to non-minority neighborhoods, over time and across both state and metropolitan areas.
The data file and dashboards published today include new statistics and property characteristics. For the first time, FHFA’s UAD Aggregate Statistics include data on residential property sales comparisons. These data can provide vital quantitative insights into the appraisal process, as sales comparisons are a leading method used to assess property values. The UAD Aggregate Statistics also have been updated with new property characteristics, including:
- Lot size categories
- Property condition ratings
- Presence of an accessory dwelling unit
- Largest race/ethnicity group in a tract
“Today’s release significantly increases the number of individual statistics FHFA had previously made available to the public,” said FHFA Director Sandra L. Thompson. “The new and updated data further demonstrate our commitment to transparency and to providing access to information that can help deter appraisal bias.”
View FHFA’s press release for more details.