Opinion: The elephant in the real estate room? Lowballed appraisals
Housing Wire
FEBRUARY 1, 2024
There are several factors to cite but I want to highlight a key area that may be taken for granted — that not everyone receives a fair home appraisal. Stifled The Fair Housing Center of Metropolitan Detroit shared that loan denial rates in Detroit, due to the appraised value of a home (a.k.a. Ultimately, this is a double-edged sword.
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