In a big town and an active market
we should have brought a good price; but this place was utterly stagnant and so we sold at a figure which makes me ashamed, every time I think of it.
"Prices are roughly at 2004 levels throughout most of the county." The most active markets
include Bronxville, Scarsdale, Rye, Larchmont and Armonk, which have been popular among buyers moving from New York City, while communities in northern Westchester continue to lag, Meyers said.
These include using management's estimates to measure fair value; using prices in active markets
versus inactive markets; identifying forced transactions ( fire sales'); interpreting different estimates of fair value and making valuation adjustments.
In a first for the real estate industry, national residential real estate brokerage ZipRealty (NASDAQ:ZIPR), will enable home buyers and sellers to weigh in with their own reviews and ratings on most of the 900,000 homes listed on the Multiple Listing Service in ZipRealty's 19 active markets
, including San Francisco, Los Angeles, Washington, D.C., Boston, Miami, Houston and Seattle, among others.
* Quoted prices in active markets
if they are available.
These estimates are not based on quoted prices in active markets
for either identical or similar assets or liabilities, but rather on mark-to-model estimates.
If available, quoted market prices in active markets
are the best evidence of fair value and should be used in most cases.
Currently, the most active markets
for multimedia are manufacturing and retailing, where large investments are made in the development of hardware and software.
After all, most non-financial assets and liabilities do not have active markets
. Moreover, with significant doubts about the relevance of recording assets at their hypothetical fair values, it would seem that the interests of investors are not well served if those assets will not actually produce the cash flows that are implied in their carrying amounts.
* When active markets
do not exist, developing discounted cash flow estimates that reflect marketbased discount rates commensurate with the risk of the cash flows projected.
Meanwhile, in the absence of an active market
for an asset or liability, unobservable inputs reflect the reporting entity's own assumptions.
If a financial instrument is publicly traded, disclosure of quoted market prices in the most active market
provides the most reliable information.