Which term describes broad, non-site-specific information used in appraisals, such as employment statistics and housing trends?

• A. Primary Data
• B. General Data
• C. Specific Data
• D. Local Data

Answer: (B)

General data are broad, market-wide statistics used to gauge overall conditions affecting many properties, not tied to the specifics of one site. Employment statistics and housing trends illustrate market movement in a wide area, providing context for value that applies beyond a single parcel. This kind of information helps the appraiser understand factors like economic health, demand, and price direction across the market, which in turn influences capitalization and adjustment decisions for the subject property. In contrast, primary data are information collected directly by the appraiser from observations or sources specific to the property, while specific data refer to details about the subject property or its immediate market area. Local data describe conditions in a more confined area, which can be narrower than general data.