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Home-price recovery may be undermined by appraisals

Posted on 25 June 2009

From Bloomberg: There may be another culprit scuttling a U.S. housing recovery: low home appraisals.

Flawed appraisals are derailing real estate sales and depressing values across the U.S., the National Association of Realtors said yesterday as it reported that existing home prices declined 17 percent in May from a year earlier…….Full Article: Source


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