Finally, we are in the final stretch of this year and one that will not be forgotten soon. There were many news headlines telling us about politics, protests, coronavirus, weather events and a multitude of other issues confronting the general public. Real estate was not high on the list of headlines, but homeowners saw a large jump in their home values despite all the negative news of the year. There is some concern that the real estate market is overvalued and that we are heading for another collapse reminiscent of 2005 and 2006. Lenders are closely scrutinizing appraisal reports and, in some cases, requiring appraisers to reevaluate their work.

Source: Daily Sun December 20, 2020 13:52 UTC