Concern about Fast-Rising Prices, or Overworked Appraisers?
While the market seems to have made steady progress adjusting to the TILA/RESPA Integrated Disclosure (TRID) rules and TRID-induced delays,[1] a new contract-delaying culprit may be re-surfacing. In addition to flashing yellow lights on affordability as home prices continue to rise faster than incomes, the housing market may be facing another hurdle stemming from appraisals.… Continue Reading Concern about Fast-Rising Prices, or Overworked Appraisers?