Oh No...What Do Appraisals Trending Downward Mean For The Real Estate Market?
2023 Real Estate Market... I just got back my first appraisal in two years that didn't appraise!! I remember the crash of 2008 and there are many similarities today to then. Did you know banks are exempt from the AMC companies that order appraisals? Did you know the FDIC loosened up appraisal restrictions for banks so much that banks didn't even have to do an appraisal on a home below 400k?? Visit Us Today: www.gilborealty.com FDIC Article: https://www.nclc.org/fdics-new-mortga... NAR AMC Flyer: https://www.nar.realtor/sites/default... Dangers of High Appraisal In A Spiraling Market: https://journal.firsttuesday.us/the-d...
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