Appraiser’s role offers unique view of market
How has the steady stream of news reports about home values and inventories impacted the real estate market?
I believe they have had a significant impact on non-real estate professionals.
These folks have been caught up in the hype about “skyrocketing” values. As the news comes out, people start comparing their homes against what appears in the paper. The paper may give one lone example, but that example is now the basis for comparison: “Well if that house is worth $$$, then mine must be worth even more.”