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RE 690 – Market Analysis for Real Estate
Fall 2005
Homework 2 − Data Pitfalls − Due Sept. 14
Dr. Stanley D. Longhofer
MW 9:30-10:45
In the Plane Vista Apartment example, the authors collected data on land use from the
county appraiser’s office. The authors also collected employment data by industry from
the U.S. Bureau of Labor Statistics for the area. The authors then matched the land use
codes as closely as possible to industry codes. Then “for about 20 major land
use/industry groups, we divide the total enclosed building space from our property data
by the total employment in the associated industry.” This yielded the authors a rough
measure of space per employee.
Questions to answer:
1) What land use description is listed for the Wichita Eagle building on the Sedgwick
County Appraiser’s website? (http://www.sedgwickcounty.org/)
2) What building style description is listed for the Wichita Eagle building on the
Sedgwick County Appraiser’s website?
3) How would the Wichita Eagle company be classified under NAICS?
4) What, if any, impact would this information have on the analysis methods used in the
Plane Vista Apartment example?
5) Write a 1-page summary of your findings and be prepared to discuss in class.
Helpful hints: the Wichita Eagle is located at 825 E. Douglas, Wichita, Kansas. The
Wichita Eagle is both a newspaper printer and a newspaper publisher combined.
Note the title of the assignment – there is a pitfall to be found in this exercise!
