April 1995, Vol 20, No 1
Abstract: Claims of value decreases for residential properties which are close to high voltage transmission lines often are based on opinion polls. These polls commonly demonstrate decreased expected demand for these properties because of fear of living in proximity to sources of electro-magnetic fields. Paired sales analysis also is sometimes used by appraisers to test evidences of widespread public fear. However, from the point of view of systematic market analysis and support, proximity impact studies which utilize multiple regression analysis are preferred. This article presents the basic steps and thought processes involved in proximity impact analysis with MRA modeling.