Posts from March 15th, 2016

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March
15

Gap Between Homeowner's & Appraiser's Opinions Widen | Keeping Current Matters

In today's housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.

If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

Every month, Quicken Loans measures the disparity betw...

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