For a long time the inexperienced appraisers hired on the cheap by banks were the source of much disgust. Their appraisals were often lower than true value. They were using junker sales and foreclosures- often not even in the same neighborhood. No attention was being paid to the fact that sales were jumping-indicated by pending sales.
THIS IS AN INTERESTING POINT OF VIEW SINCE MOST OTHER PUBLICATIONS ARE GLOWING
“According to Freddie Mac’s new Multi-Indicator Market Index (MiMi) continues to show a weak housing market overall. The national MiMi value is flat compared to last month and has improved only slightly year-over- year.
This is a welcome sign for buyers who have been priced out of the housing market.
High prices and mortgage rates have kept many families and investors from buying, causing sales to tumble and prices to really slow.
Read more on Southern Cal.home prices show signs of slowing market…
First of all this is not about trust. You have to assume they are out to cheat you and behave accordingly. They are guilty until proven innocent.
Demand is up for apts. As the economy improves more young people are moving out of their parents homes. They are choosing apts rather than houses because of the tough housing markets
