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re: Are houses appraising in accordance with the inflated sales price?
Posted on 7/27/21 at 2:03 pm to arcalades
Posted on 7/27/21 at 2:03 pm to arcalades
quote:
it will have to. the worst time will be when the sell prices go down and appraisal value lags.
This is what happened in 2008 around that TARP bailout from the euphoric run of Katrina prices. Appraisal values and tax assessments moved its base higher but the more fluid sell prices plummeted, creating a donut hole of shite.
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