Soaring Home Prices Rolling Appraisals, Upending Sales
Soaring Home Prices Roiling Appraisals, Upending Sales
In Aug., 13% of appraisals came in below a home’s contract price.
It was higher in May (19.7%), but is still up compared to sales early last year (7.3% in Jan. 2020).
The disparity underscores the risks buyers face in the current market, especially those stretching their dollars to win a bidding war.