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By Accurate Group, LLC: Housing Market Boom Reveals Flaws in Traditional Appraisal Approach
The housing supply in the United States has seen record lows over the past two years. Combine economic volatility, the massive shift of professionals and students working and learning from home, and people moving to bigger spaces or relocating geographically to cope with the new normal of the COVID-19 pandemic – and the real estate industry is left scrambling.
People are ready to buy, sell and refinance. But are lenders equipped to keep up with the demand? And, do real estate appraisers have the bandwidth to conduct property appraisals on the timelines needed to meet lender and consumer expectations?
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