Home-Price Recovery May Be Undermined by Appraisals
Posted in Real Estate on Jun 24th, 2009
This has been a concern of mine for awhile, even though we have seen a bottom, how can we sell prices at retail if the appraisers are using REO prices for the market price? ************** June 24 (Bloomberg) — There may be another culprit scuttling a U.S. housing recovery: low home appraisals. Flawed appraisals are [...]