I know it's a low bar these days but I'm always looking for some encouraging real estate news. This week's is mortgage appraisals are coming in to support sale prices.
One could assume that in a time of market change & conservative financial institutions, that might not be the case.
Why are appraisal prices holding? Most Sellers & realtors have gotten realistic if they are serious Sellers. That affects list prices & sale prices which for the most part reflect current assessed values or just below. Yes, some homes are selling over assessed value but there is always a reason, like major improvements or more than 1 interested Buyer.
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