May 15, 2013

THE ACTUAL HOUSING CRISIS IS THE SHORTAGE:

Home appraisals no longer derailing sales (Les Christie, 5/15/13, CNNMoney)

Consider this one more sign that the housing market is heating up: Appraisers are putting higher values on homes again, allowing for more deals to go through.

During the housing bust, sales were often derailed by low-ball appraisals that fell far shy of a home's selling price. [...]

But now, as home prices climb and housing inventories shrink, appraisers are valuing homes at or above their selling prices, according to Lawrence Yun, chief economist for the National Association of Realtors.

Posted by at May 15, 2013 11:52 AM
  

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