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70% Out of Area Appraisers

July 14, 2009

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Last week NAR released what the group described as a preliminary analysis of a survey of members, in which 70 percent reported an increased use of out-of-area appraisers after May 1, and 37 percent reported lost home sales.

NAHB said its own survey of about 500 builders found that 26 percent have seen sales contracts fall through because appraisals came in below the contract sales price.

go to Inman News to read full article

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