May 2021

Found 1 blog entry for May 2021.

PRICES ROSE EVERYWHERE   99% of metro areas saw home prices increase in the first quarter of the year, according to the National Association of Realtors. Though some cities saw year-over-year jumps as high as 35%, even smaller places saw at least modest rises. Experts credit record-low supply and strong demand for the broad increases.   APPRAISED VALUE VS SALES PRICE   Home prices are surging as high as they've ever been, which can mean a significant gap between the sale price and the appraised value. Rushed appraisers can't always keep up with new data that conflicts with even recent history. One option is a Reconsideration of Value request, which lets an unsatisfied buyer submit newer comparables for the appraiser to…
589 Views, 0 Comments