Browsing by Author "Sanderford, Andrew R."

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    2013 Virginia Residential Real Estate Appraiser Remuneration: Survey And Report
    Sanderford, Andrew R.; Boyle, Kevin J.; McCoy, Andrew P.; Xu, Weibin; Jones, Mel (Virginia Center for Housing Research, 2014-10-09)
    This report describes the results from a survey of Virginia real estate appraisers. The survey was conducted by the Virginia Center for Housing Research and the Virginia Tech Program in Real Estate in the spring of 2014 and focused on fees paid for residential real estate appraisals in Virginia in 2013.
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    Adoption of High-Performance Housing Technologies Among U.S. Homebuilding Firms, 2000 Through 2010
    McCoy, Andrew P.; Koebel, C. Theodore; Sanderford, Andrew R.; Franck, Christopher T.; Keefe, Matthew J. (HUD, 2015)
    This article describes foundational processes of a larger project examining U.S. home builders’ choices to adopt innovative housing technologies that improve the environmental performance of new single-family homes. Home builders sit at a critical juncture in the housing creation decision chain and can influence how new housing units change related to energy consumption, and the units they produce can also reflect shifting technology, demography, and policy landscapes. With some exceptions, U.S. home builders have been characterized as being slow to adopt or resistant to the adoption of product and process innovations, largely because of path-dependent and risk-averse behavior. This article focuses on home builder choices by analyzing a summary of innovation adoption literature and that literature’s relationship to homebuilding. Researchers then describe analytical approaches for studying home builders’ choices and markets at a Core Based Statistical Area level, the data and statistical methodologies used in the study, and the policy implications for promoting energy efficiency in housing. Future work will draw on the foundation presented in this article to specify versions of this generic model and report results using improved quantitative analyses.
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    Bridging the Diffusion of Innovation Chasm for Green Housing
    Sanderford, Andrew R. (Virginia Tech, 2013-08-28)
    Limited transaction and unit attribute information curtail the diffusion potential of green homes and create significant valuation and underwriting problems for the housing debt capital markets, more specifically mortgage originators (lenders) and appraisers. Put into the context of the technology adoption life cycle this missing information prevents green homes from crossing the chasm into the mainstream market. As lenders and appraisers are the gatekeepers of the mainstream mortgage markets, they will be key stakeholders in any strategy for green homes to cross this chasm. The missing transaction and attribute data creates two opportunities for scholarship. The first opportunity is to create and provide preliminary evidence of the chasm in the green housing market place. The second opportunity is to analyze, in the context of this chasm, what information and tools appraisers are using, at present, to estimate the value of high performance homes.