Keepin’ It Real Estate: Just How Bad Are the New Appraisal Rules?

This post first appeared on Minyanville. Appraisers just can’t get it right. During the housing boom, mortgage brokers, real-estate agents, and even borrowers sought out appraisals supporting the highest possible home price. Appraisers, fearful of losing business, inflated their valuation findings, which exacerbated the run-up in home prices. Now, after nearly 4 years of home-price [...]

June 25, 2009 | Comments Off